This comparison guide helps individuals who have a hard time to pick in between Saxo Bank and ThinkMarkets to locate the very best online broker for their trading and financial investment demands. It examines the main features of the two brokers side by side to assist users compare their service and make a notified decision.
To help customers pick the appropriate broker in between Saxo Bank and ThinkMarkets to find the best-suited platform, below is a list of broker’s benefits and drawbacks, adhered to by a comparison of their major trading attributes, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, assets, policy, and customer assistance.
Saxo Bank vs. ThinkMarkets: Summary
Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.
If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.
Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.
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
- Industry leading market coverage
- Excellent Trading Features with SaxoTraderGo
- Advanced order type and account protection features
- Intuitive and easy to use mobile trading app
- Great education and research materials
- Competitive fee structure for active traders
Cons
- $10,000 minimum deposit for UAE users
- High time investment to set up
- Only for advanced traders
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
- 40.000 tradable symbols available (crypto derivatives, forex options and futures)
- Advanced account protection and order types
- Fast execution of trades
- $2.000 minimum deposit
- “Best in class” educational resources
- Great ease of use level combined with advanced features
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
Saxo Bank vs. ThinkMarkets Comparison
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Saxo Bank
69% of retail investor accounts lose money when trading CFDs with this provider.
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:20 | 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 | 0 | 0 |
| Forex (EUR/USD) | 1 | 1.1 |
| Stocks & ETF | 0.08% with $1 min. commission on US stocks | 0 |
| CFD (Gold) | $0.60 | 1.9 |
| Crypto | 0 | 0 |
| Options | $0.75 | 0 |
| Conversion Fees | 0,75% | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5000 | $0.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 30.000 | 0 |
| ETF & Funds | 5.800 | 0 |
| Crypto | 9 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 3.000 | 0 |
| Futures | 300 | 0 |
| Bonds | 4.200 | 0 |
| Forex Instruments | 200 | 48 |
| CFD Indices & Funds | 50 | 381 |
| CFD Stocks | 19.000 | 3548 |
| CFD Commodities | 50 | 15 |
| CFD Crypto | 0 | 27 |
| CFD Bonds | 0 | 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
Saxo Bank vs. ThinkMarkets Comparison Conclusion
The results of our contrast of Saxo Bank vs. ThinkMarkets are wrapped up in the table listed below.
| Broker: | Best For: |
| Saxo Bank | Premium Trades and CFD Trading |
| ThinkMarkets | Forex and CFDs on Stocks |
Picking the right option in between Saxo Bank and ThinkMarkets can be difficult. Both online brokers have similarities yet vary concerning trading instruments, systems & apps, policy, deposit & withdrawals, and research study and education. Selecting the most effective broker depends upon individuals’ 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.