Etrade vs ThinkMarkets, Who's Better?
Etrade Rating
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ThinkMarkets Rating
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Your capital is at risk |
71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Etrade vs ThinkMarkets Guide |
Read our In-Depth Etrade vs ThinkMarkets Review - 2024 Update
This Etrade vs ThinkMarkets review has been updated for 2024 by industry experts with extensive financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Etrade vs ThinkMarkets does not apply to all countries as follows:
Etrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Compare Etrade vs ThinkMarkets
Every trading platforms will have certain ups and downs, and a complete review of Etrade and ThinkMarkets should not be complete without embracing an objective perspective.
Examine ThinkMarkets and Etrade to understand how these platforms compare with each other before you choose to make an account. Performing a side-by-side comparison helps to bring aspects in perspective to ensure that you're informed about the expectations.
So you are looking for a professional broker and are choosing between Etrade or ThinkMarkets. Which one is best in 2024?
Our Etrade vs ThinkMarkets comparison contains the latest information so you can easily compare ThinkMarkets against Etrade.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You will get proficient at all of the concepts of brokerage as you keep trading. For starters, you need to choose the right broker who'll be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. Etrade and ThinkMarkets are just two such trading platforms that will take you along with your investment into great heights. It's crucial that you compare Etrade vs ThinkMarkets until you trust them with your cash.
Our Etrade vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Etrade and ThinkMarkets side by side.
Our full Etrade vs ThinkMarkets Review covers all you need to learn about trading with either Etrade or ThinkMarkets. A fantastic broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.
Etrade and ThinkMarkets are both brokers that have forged their way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital aspects of both Etrade and ThinkMarkets. This review can allow you to understand whether either ThinkMarkets or Etrade is a good fit for your investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Benefits of Etrade and ThinkMarkets Compared
Etrade has a minimum deposit of $100 while ThinkMarkets has a $0 minimum deposit.
Why smaller minimum deposits are good and how Etrade and ThinkMarkets compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Etrade allows you to trade around 87 financial instruments while ThinkMarkets allows you to trade around 87 available.
The more financial instruments you can trade on the Etrade and ThinkMarkets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Etrade or ThinkMarkets.
Etrade and ThinkMarkets Contact Details
Being able to contact a broker easily is important. Etrade and ThinkMarkets have the following contact details and social medias that you can use.
Broker | Etrade | ThinkMarkets |
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Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | |
support@thinkmarkets.com | ||
Address | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom | |
Etrade Twitter Account | ThinkMarkets Twitter Account | |
Etrade Facebook Page | ThinkMarkets Facebook Page | |
Etrade Instagram Account | ThinkMarkets Instagram Account | |
Etrade LinkedIn Page | ThinkMarkets LinkedIn Page | |
YouTube | Etrade YouTube Channel | ThinkMarkets YouTube Channel |
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ThinkMarkets and Etrade Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Etrade and ThinkMarkets will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as better than average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Etrade vs ThinkMarkets - Awards
Broker | Etrade | ThinkMarkets |
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Awards | At the time of writing this Etrade review, and despite Etrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
ThinkMarkets have won a lot of industry awards over the years they have been operating as an online trading platform. We detail the most notable awards for ThinkMarkets here.
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Etrade vs ThinkMarkets - Frequently Asked Questions
Etrade vs ThinkMarkets - Headquarters And Year Of Founding
Etrade was founded in 2012 and has its head office in United States.
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
What is the minimum deposit for ThinkMarkets or Etrade
The minimum deposit for Etrade is $100.
The minimum deposit for ThinkMarkets is $0.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Etrade and ThinkMarkets are a good option.
Etrade vs ThinkMarkets - Regulation And Licencing In More Detail
Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Both Etrade and ThinkMarkets have a strong collection of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Etrade vs ThinkMarkets Commission And Fees
Etrade and ThinkMarkets are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the amount of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these instances, you are spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are people who are charged when you maintain a leveraged position for longer than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your accounts. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
In general, neither Etrade or ThinkMarkets charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who often exchange, for example daily or weekly trading.
But, non-trading fees charged by Etrade and ThinkMarkets are comparatively higher. As a result, you are charged more for non-trading activities on your trading account, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This Etrade vs ThinkMarkets review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Etrade And ThinkMarkets
What Languages Do Etrade And ThinkMarkets Support?
Being able to talk completely with your trading platform is a key part of comparing online brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both Etrade and ThinkMarkets offer communication in.
How Many Clients Do Etrade and ThinkMarkets Have?
Both Etrade and ThinkMarkets are well known and trusted. It is really important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many customers Etrade and ThinkMarkets are active on their platform
Broker | Etrade | ThinkMarkets |
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Clients / Users | 10,000+ | 475,000+ |
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What Payment Methods Do Etrade and ThinkMarkets Accept?
Etrade and ThinkMarkets both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Etrade and ThinkMarkets
What Can You Trade With Etrade and ThinkMarkets?
Etrade offers 87 trading instruments whilst ThinkMarkets offers 3500.
Below you will find a full breakdown of what both Etrade and ThinkMarkets offer.
Etrade Review
Etrade vs ThinkMarkets:
Table Of Contents
- Compare Etrade vs ThinkMarkets
- Benefits of Etrade and ThinkMarkets Compared
- ThinkMarkets and Etrade Mobile App Comparison
- Etrade vs ThinkMarkets - Awards
- Etrade vs ThinkMarkets - Frequently Asked Questions
- What is the minimum deposit for ThinkMarkets or Etrade
- Etrade vs ThinkMarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For Etrade And ThinkMarkets
- What Languages Do Etrade And ThinkMarkets Support?
- How Many Clients Do Etrade and ThinkMarkets Have?
- What Payment Methods Do Etrade and ThinkMarkets Accept?
- What Can You Trade With Etrade and ThinkMarkets?