ThinkMarkets Alternatives: Pros, Cons, And How It Compares 2024 Update
This alternatives to ThinkMarkets guide has been updated for 2024 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to ThinkMarkets to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to ThinkMarkets like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, features to their users. If you feel that ThinkMarkets is not quite right for you then it would be worth getting a virtual account with a range of the top ThinkMarkets alternatives and check if they are a better fit for you before moving any money around.
The most in depth guide to ThinkMarkets alternatives online
There's a lot of reasons ThinkMarkets may not be a good fit for you. Whatever reason you are looking for a better ThinkMarkets alternative or ThinkMarkets competitor with similar services, comparebrokers.org will always try to give you as much helpful information so you can find what it is you need. Below you will discover the most popular ThinkMarkets alternatives.
For each of the alternative to ThinkMarkets, we also highlight the key differences to ThinkMarkets and for each section show you the best alternatives. For every ThinkMarkets alternative online broker listed we also have detailed trading platform reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unimpressed with ThinkMarkets, find some great alternative brokeragesbrokers|online trading platforms|brokerages.
Using a reputable and dependable trading platform is vital to having a successful trading career. All of the ThinkMarkets alternative brokers shown in this ThinkMarkets alternatives guide have good reputations and fit what you are looking for.
Alternatives With Lower Minimum Deposit
ThinkMarkets has a minimum desposit of $0, you should check how the minimum deposit requirements of ThinkMarkets compare with the minimum deposit requirements of ThinkMarkets competitors. Brokers offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit isn’t necessarily a bad thing, it all depends on your personal trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
ThinkMarkets |
$0 | |
| freetrade |
$0 | |
| Spreadex |
$0 | |
| XTB |
$0 | |
| Robinhood |
$0 |
Alternatives Offering Virtual Portfolio Accounts
ThinkMarkets offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a virtual portfolio account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before getting a live account.
Below we show some of the best alternatives to ThinkMarkets that has demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
ThinkMarkets has negative balance protection. It's specially offered when the market volatility keeps customers from allowing their account go into the red. In such a scenario, ThinkMarkets offers the ability to reset a customers account balance to zero.
You should go through the important stipulations on ThinkMarkets's website to understand their policies better.
Below we detail some of the best alternatives to ThinkMarkets that has negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
ThinkMarkets regrettably, doesn't provide guaranteed stop loss. ThinkMarkets gives an opportunity for its dealers to close their trades in their given price. Apart from this, ThinkMarkets does not offer guaranteed stop loss.
Below we show some of the best ThinkMarkets alternatives that offer guaranteed stop loss available for their customers.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
ThinkMarkets |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
ThinkMarkets do permit scalping. Several traders throughout the world select ThinkMarkets due to their scalping services. They offer trading on MT4, MT5 and ThinkTrader which allow this.
Below we show some of the best alternatives to ThinkMarkets that offer scalping functionality to their customers.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
ThinkMarkets do permit hedging. Many traders around the world select ThinkMarkets due to their large range of services. They offer trading on MT4, MT5 and ThinkTrader.
Below we show some of the best alternatives to ThinkMarkets that offer hedging services to their user base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
ThinkMarkets's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the best ThinkMarkets alternatives that offer social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, ThinkMarkets offers copy trading which gives access to leading traders sharing their knowledge with the community. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of social trading.
Below we show some of the top ThinkMarkets alternatives that offer copy trading to their clients
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
ThinkMarkets |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare ThinkMarkets To All Other Brokers