This contrast guide assists users who battle to pick between OandA and ThinkMarkets to locate the most effective online broker for their trading and investment needs. It assesses the highlights of the two brokers alongside to assist users compare their service and make an informed decision.
To aid customers pick the best broker between OandA and ThinkMarkets to discover the best-suited system, listed below is a listing of broker’s pros and cons, followed by a comparison of their primary trading features, including trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, policy, and client assistance.
OandA vs. ThinkMarkets: Summary
OandA is a reputable forex and CFD forex broker founded in 1996. It is regulated by seven tier-one regulators and therefore considered safe. Their users have access to 124 tradable instruments including 71 forex pairs and a handful of CFDs on cryptos. Traders can choose between a proprietary platform (web and desktop version), MT4 and MT5. Their trading platform has an intuitive design, offers automated trade execution and multiple features for algorithmic and social trading. Market research features are powered by TradingView.
OandA’s trading fees are above average compared to similar forex and CFD brokers like AvaTrade and Pepperstone. They charge an average spread of 1.26 pips EUR/USD on their standard account.
OandA’s customer service is available during office hours by email, live chat (chatbot) and phone.
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)
- Competitive average spread from 1.2 pips (EUR/USD)
- MT4, MT5 and TradingView integration
- Broad range of research and analysis tools
- Feature rich mobile app
Cons
- Limited assets
- Only CFD and forex trading available
- Customer support is only available during office hours
- Inactivity fees
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 124 tradable symbols including 71 forex pairs
- Low minimum deposit ($0)
- Real-time currency conversion
- MetaTrader 4 and 5 integration
- Free VPS server
- Trading fee and wire transfer discounts for professional traders
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
OandA vs. ThinkMarkets Comparison
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Oanda
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:50 | 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 | $20 + Fee | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after 12 months | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.3 | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 31 | 1.9 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 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 | 70 | 48 |
| CFD Indices & Funds | 12 | 381 |
| CFD Stocks | 0 | 3548 |
| CFD Commodities | 35 | 15 |
| CFD Crypto | 0 | 27 |
| CFD Bonds | 3 | 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
OandA vs. ThinkMarkets Comparison Conclusion
The results of our comparison of OandA vs. ThinkMarkets are involved the table listed below.
| Broker: | Best For: |
| OandA | Forex and CFDs |
| ThinkMarkets | Forex and CFDs on Stocks |
Choosing the ideal choice in between OandA and ThinkMarkets can be difficult. Both on the internet brokers have similarities yet differ regarding trading instruments, systems & applications, regulation, down payment & withdrawals, and research study and education. Choosing the very best broker depends on users’ trading & financial investment goals, private preferences, and experience level.
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.