This contrast overview helps customers who battle to pick in between CMC Markets and ThinkMarkets to locate the very best online broker for their trading and financial investment needs. It evaluates the highlights of the two brokers alongside to help individuals contrast their service and make an educated choice.
To help individuals pick the appropriate broker in between CMC Markets and ThinkMarkets to find the best-suited platform, listed below is a list of broker’s benefits and drawbacks, complied with by a comparison of their primary trading functions, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, properties, law, and customer support.
CMC Markets vs. ThinkMarkets: Summary
CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.
CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.
CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.
CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).
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
- Low minimum deposit ($0)
- Low average spreads from 0.73 pips EUR/USD
- Fast and reliable trade execution
- Great research tools and educational materials
- Bonus and rebate program
Cons
- High stock trading fees
- Customer service availability is limited (24/5)
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
- Competitive forex spreads
- MT4 Compatibility
- Access to 338 forex pairs and 9,000 shares
- Comprehensive market research tools
- Beginners and advanced trading features
- Competitive pricing
Key features
- 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
CMC Markets vs. ThinkMarkets Comparison
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CMC Markets
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 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 | 0 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | £10 | 0 |
| Forex (EUR/USD) | 0.7 pips | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 3.4 pips | 1.9 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 0 | $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 | 330 | 48 |
| CFD Indices & Funds | 98 | 381 |
| CFD Stocks | 9500 | 3548 |
| CFD Commodities | 100 | 15 |
| CFD Crypto | 0 | 27 |
| CFD Bonds | 50 | 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
CMC Markets vs. ThinkMarkets Comparison Conclusion
The results of our contrast of CMC Markets vs. ThinkMarkets are wrapped up in the table below.
| Broker: | Best For: |
| CMC Markets | Forex and CFDs |
| ThinkMarkets | Forex and CFDs on Stocks |
Picking the ideal choice in between CMC Markets and ThinkMarkets can be tough. Both on-line brokers have similarities yet vary regarding trading instruments, platforms & apps, guideline, deposit & withdrawals, and research and education. Picking the most effective broker depends on users’ trading & financial investment goals, specific 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.