OANDA vs ThinkMarkets, Who's Better?
OANDA Rating
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ThinkMarkets Rating
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Losses can exceed deposits |
71.89% of retail investor accounts lose money when trading CFDs with this provider. |
OANDA vs ThinkMarkets Guide |
Read our In-Depth OANDA vs ThinkMarkets Review - for 2024
Our comprehensive analysis of OANDA and ThinkMarkets has been updated for 2024 by knowledgeable insiders boasting extensive expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of OANDA vs ThinkMarkets does not apply to all countries as follows:
OANDA 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 OANDA vs ThinkMarkets
Each trading platforms feature certain advantages and disadvantages, so a complete analysis of OANDA vs ThinkMarkets would not be complete without adopting a balanced approach.
Compare OANDA and ThinkMarkets to understand the way they compare against one another prior to you decide to open an account. Conducting a comprehensive comparison can put things in perspective in order that you remain aware of the expectations.
So you are looking for a professional broker and are choosing between OANDA or ThinkMarkets. Who is better in 2024?
Our OANDA vs ThinkMarkets comparison contains the most recent information so you can easily compare ThinkMarkets against OANDA.
If you're a new entrant in the world of trading and brokers, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of brokerage since you keep trading. For starters, you have to choose the ideal agent who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. OANDA and ThinkMarkets are two such platforms which will take you and your investment into great heights. It's crucial to compare OANDA vs ThinkMarkets until you trust them with your cash.
Our OANDA vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust OANDA and ThinkMarkets side by side.
Our entire OANDA vs ThinkMarkets Review covers all you will need to learn about trading using either OANDA or ThinkMarkets. A good agent can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It's a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
OANDA and ThinkMarkets are both brokers which have paved their way successfully to the broker world. Within this review, we have attempted to collate some of the vital facets of both OANDA and ThinkMarkets. This review will help you to know whether either ThinkMarkets or OANDA is a fantastic fit for your own investments or not. We have attempted to breakdown all the qualities and fees for your convenience.
Benefits of OANDA and ThinkMarkets Compared
OANDA has a minimum deposit of $1 while ThinkMarkets has a $0 minimum deposit.
Why smaller minimum deposits are good and how OANDA 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.
OANDA has around 100 financial instruments while ThinkMarkets has around 100 financial instruments available.
The more financial instruments you can trade on the OANDA 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 OANDA or ThinkMarkets.
OANDA and ThinkMarkets Contact Details
Being able to contact an online trading platform simply is important. OANDA and ThinkMarkets have the following contact details and social medias that you can use.
Broker | OANDA | 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 | |
OANDA Twitter Account | ThinkMarkets Twitter Account | |
OANDA Facebook Page | ThinkMarkets Facebook Page | |
OANDA Instagram Account | ThinkMarkets Instagram Account | |
OANDA LinkedIn Page | ThinkMarkets LinkedIn Page | |
YouTube | OANDA YouTube Channel | ThinkMarkets YouTube Channel |
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ThinkMarkets and OANDA 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.
In this part of our comparison of OANDA and ThinkMarkets we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. 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?
OANDA vs ThinkMarkets - Awards
Broker | OANDA | ThinkMarkets |
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Awards | At the time of writing this OANDA review, and despite OANDA’s impressive offering, the company has surprisingly not garnered any awards to date. |
ThinkMarkets have won many industry awards over the time they have been running as a financial broker. We detail the most recognised awards for ThinkMarkets here.
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OANDA vs ThinkMarkets - Frequently Asked Questions
OANDA vs ThinkMarkets - Headquarters And Year Of Founding
OANDA was founded in 1996 and has its head office in United States, Canada.
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
What is the minimum deposit for ThinkMarkets or OANDA
The minimum deposit for OANDA is $1.
The minimum deposit for ThinkMarkets is $0.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both OANDA and ThinkMarkets are a good option.
OANDA vs ThinkMarkets - Regulation And Licencing In More Detail
OANDA is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
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 OANDA and ThinkMarkets have a powerful set of rules for ensuring honest trading onto their own platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare OANDA vs ThinkMarkets Commission And Fees
OANDA and ThinkMarkets are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker isn't necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly three types of fees for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you're spending a spread, funding rate, or even a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake in your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither OANDA or ThinkMarkets charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who regularly trade, for example weekly or daily trading.
However, non-trading fees charged by OANDA and ThinkMarkets are relatively greater. As a result, you are billed more for non-trading activities in your trading account, such as deposits and withdrawal. These aren't related to the purchase and sale of assets.
This OANDA vs ThinkMarkets review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For OANDA And ThinkMarkets
What Languages Do OANDA And ThinkMarkets Support?
Being able to communicate completely with your online platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their site and inside their application as it is a key part of success when trading online.
Below you will find the languages that both OANDA and ThinkMarkets offer communication in.
How Many Clients Do OANDA and ThinkMarkets Have?
Both OANDA and ThinkMarkets are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users OANDA and ThinkMarkets have
Broker | OANDA | ThinkMarkets |
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Clients / Users | 10,000+ | 475,000+ |
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What Payment Methods Do OANDA and ThinkMarkets Accept?
OANDA 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 OANDA and ThinkMarkets
What Can You Trade With OANDA and ThinkMarkets?
OANDA offers 100 trading instruments while ThinkMarkets offers 3500.
Below you will find a full breakdown of what both OANDA and ThinkMarkets offer.
OANDA Review
OANDA vs ThinkMarkets:
Table Of Contents
- Compare OANDA vs ThinkMarkets
- Benefits of OANDA and ThinkMarkets Compared
- ThinkMarkets and OANDA Mobile App Comparison
- OANDA vs ThinkMarkets - Awards
- OANDA vs ThinkMarkets - Frequently Asked Questions
- What is the minimum deposit for ThinkMarkets or OANDA
- OANDA vs ThinkMarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For OANDA And ThinkMarkets
- What Languages Do OANDA And ThinkMarkets Support?
- How Many Clients Do OANDA and ThinkMarkets Have?
- What Payment Methods Do OANDA and ThinkMarkets Accept?
- What Can You Trade With OANDA and ThinkMarkets?