This comparison overview aids users that struggle to pick in between Alvexo and ThinkMarkets to discover the most effective online broker for their trading and financial investment needs. It analyzes the highlights of both brokers side by side to help users contrast their service and make an informed choice.
To assist users choose the ideal broker between Alvexo and ThinkMarkets to discover the best-suited platform, below is a checklist of broker’s advantages and disadvantages, adhered to by a contrast of their major trading functions, consisting of trading platforms & tools, costs, mobile trading, down payment & withdrawal, possessions, policy, and consumer assistance.
Alvexo vs. ThinkMarkets: Summary
Alvexo is a forex and CFD broker based in the Seychelles. It is licensed by the CySEC and is considered safe. Alvexo offers users access to 58 forex pairs and over 450 CFDs on shares, commodities, indices, and cryptocurrencies. Users can choose between three different platforms: a web based proprietary platforms and app and MT4 integration.
Alvexo trading fees are industry average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 0,14 pips on EUR/USD and no commission on CFD trades. The broker charges an inactivity fees of $10 per month after 3 months of inactivity.
Alvexo’s customer support is available through email (support@alvexo.com), phone (+24825030482), and live chat in Arabic and English.
ThinkMarkets is an online forex and CFD broker founded in 2010. It is regulated by 5 tier-one regulators, including the FCA, ASIC and MiFID. Users can trade on 3,500 financial instruments, including forex and CFDs on stocks, precious metals, indices, commodities, and cryptocurrencies.
Their trading platforms include a proprietary platform (ThinkTrader), MetaTrader 4, and MetaTrader 5.
ThinkMarkets trading fees are average compared to other similar brokers from the industry. They charge 0% commission on stocks and CFDs and spreads from 0.4 pips (EUR/USD). ThinkMarkets also charges inactivity fees of $25/month.
ThinkMarket’s customer support is available through email (support@thinkmarkets.com), phone (+357 252 62149), and live chat in Arabic and English.
Pros
- Access to over 58 forex pairs and 450 CFDs
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
- Intuitively designed mobile trading app and desktop trading platforms
- MetaTrader 4 integration
Cons
- High minimum deposit ($500)
- Trading signals aren’t as accurate as other signal providers
- MetaTrader 5 and Expert Advisors not supported
Pros
- Low minimum deposit ($0)
- Commission-free stock and CFD trading and $0,25 futures contracts
- MT4 and MT5 integration
- Wide range of educational materials
- Islamic swap-free, and zero spread accounts
Cons
- Spreads on forex are relatively high compared to other brokers
- Inactivity fees
Key features
- Access to 450 tradable symbols
- MT4 Compatibility
- Access to trading signals, trading strategies, and daily market analysis
- Cryptocurrency trading
- CySEC and FSA-regulated
- Competitive spreads from 0.1 pips EUR/USD (Elite account)
Key features
- Access to over 3,500 financial instruments across 7 asset classes
- Commission-free stock and CFD trading (3,500+ assets)
- Compatible with the full MetaTrader suite (4 & 5)
- Regulated by multiple bodies (FCA, ASIC, FSCA, FSA, CySEC, and JFSA)
- Wide range of educational resources available
- Free VPS Server access
Alvexo vs. ThinkMarkets Comparison
Select up to 3 Brokers
Alvexo
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 400:1 | 2000:1 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | 0 | 0 |
Deposit Fee | 0 | 0 |
Inactivity Fee | 10 EUR after 3 months | 0 |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 1.8 | 1.1 |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 5.5 | 1.9 |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | 0 |
Misc. Fees | 0 | 0 |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $500.00 | $0.00 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 0 |
ETF & Funds | 0 | 0 |
Crypto | 0 | 0 |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 0 |
Futures | 0 | 0 |
Bonds | 0 | 0 |
Forex Instruments | 58 | 48 |
CFD Indices & Funds | 15 | 381 |
CFD Stocks | 350 | 3548 |
CFD Commodities | 12 | 15 |
CFD Crypto | 24 | 27 |
CFD Bonds | 2 | 0 |
Binary Options | 0 | 0 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
Alvexo vs. ThinkMarkets Comparison Conclusion
The outcomes of our comparison of Alvexo vs. ThinkMarkets are involved the table listed below.
Broker: | Best For: |
Alvexo | Forex and CFD trading |
ThinkMarkets | Forex and CFDs on Stocks |
Picking the appropriate choice between Alvexo and ThinkMarkets can be tough. Both online brokers have similarities yet vary relating to trading instruments, systems & apps, policy, down payment & withdrawals, and study and education and learning. Choosing the very best broker relies on customers’ trading & investment goals, private choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.