ThinkMarkets vs Alfa Forex, Updated for 2022
ThinkMarkets Rating: 8.03 / 10
Alfa Forex Rating: 4.73 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Your capital is at risk
ThinkMarkets vs Alfa Forex Guide
Read our In-Depth ThinkMarkets vs Alfa Forex Review - 2022 Update
This ThinkMarkets vs Alfa Forex review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs Alfa Forex review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Alfa Forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for an online trading platform and are choosing between ThinkMarkets or Alfa Forex. Who should you choose?
Our ThinkMarkets vs Alfa Forex review contains the most recent information so you can easily compare Alfa Forex against ThinkMarkets.
If you're a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to choose the right agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. ThinkMarkets and Alfa Forex are just two such companies which will take you and your investment into great heights. It's crucial that you compare ThinkMarkets vs Alfa Forex until you trust them with your cash.
Our ThinkMarkets vs Alfa Forex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Alfa Forex side by side.
Our entire ThinkMarkets vs Alfa Forex Review covers all you will need to learn about trading with either ThinkMarkets or Alfa Forex. A good broker can multiply your first investments and give you favorable profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you select them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
ThinkMarkets and Alfa Forex are both brokers which have forged their way successfully to the brokerage world. Within this review, we have tried to collate some of the important facets of both ThinkMarkets and Alfa Forex. This review can allow you to know whether either Alfa Forex or ThinkMarkets is a good match for your investments or not. We have attempted to breakdown all the features and charges for your convenience.
Compare ThinkMarkets vs Alfa Forex
Every online trading system has some ups and downs, and no ThinkMarkets and Alfa Forex review would be complete without having a balanced approach. Compare ThinkMarkets and Alfa Forex to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Alfa Forex Compared
ThinkMarkets has a minimum deposit of $0 while Alfa Forex has a $0 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and Alfa Forex 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.
ThinkMarkets has around 1500 financial instruments while Alfa Forex allows you to trade around 1500 financial instruments available.
The more instruments you can trade on the ThinkMarkets and Alfa Forex 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 should never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or Alfa Forex.
ThinkMarkets and Alfa Forex Contact Details
Being able to contact an online trading platform simply is vital. ThinkMarkets and Alfa Forex have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom|
|ThinkMarkets Twitter Account||Alfa Forex Twitter Account|
|ThinkMarkets Facebook Page||Alfa Forex Facebook Page|
|ThinkMarkets Instagram Account||Alfa Forex Instagram Account|
|ThinkMarkets LinkedIn Page||Alfa Forex LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||Alfa Forex YouTube Channel|
|Find Out More||
Alfa Forex and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of ThinkMarkets and Alfa Forex 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 average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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?
ThinkMarkets vs Alfa Forex - Awards
ThinkMarkets have won a lot of industry awards over the time they have been operating as an online trading platform. We detail the most recognised awards for ThinkMarkets here.
|At the time of writing this Alfa Forex review, and despite Alfa Forex’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs Alfa Forex - Frequently Asked Questions
ThinkMarkets vs Alfa Forex - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
Alfa Forex was founded in 2011 and has its headquaters in Cyprus.
What is the minimum deposit for Alfa Forex or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for Alfa Forex 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 ThinkMarkets and Alfa Forex are a good choice.
ThinkMarkets vs Alfa Forex - Regulation And Licencing In More Detail
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 .
Alfa Forex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both ThinkMarkets and Alfa Forex have a powerful set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs Alfa Forex Commission And Fees
ThinkMarkets and Alfa Forex are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly 3 types of fees for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In such instances, you are paying a spread, financing rate, or 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. Funding or overnight prices are those that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They are billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither ThinkMarkets or Alfa Forex charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often exchange, for example weekly or daily trading.
However, non-trading fees billed by ThinkMarkets and Alfa Forex are comparatively competitive. As a result, you're billed more for non-trading activities in your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This ThinkMarkets vs Alfa Forex review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And Alfa Forex
What Languages Do ThinkMarkets And Alfa Forex Support?
Being able to talk completely with your online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find the languages that both ThinkMarkets and Alfa Forex support.
How Many Clients Do ThinkMarkets and Alfa Forex Have?
Both ThinkMarkets and Alfa Forex are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients ThinkMarkets and Alfa Forex are working with
|Clients / Users||475,000+||10,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and Alfa Forex Accept?
ThinkMarkets and Alfa Forex 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 ThinkMarkets and Alfa Forex
What Can You Trade With ThinkMarkets and Alfa Forex?
ThinkMarkets offers 1500 trading instruments whilst Alfa Forex offers 30.
Below you will find a full breakdown of what both ThinkMarkets and Alfa Forex offer.
Compare ThinkMarkets To All Other Brokers
Compare Alfa Forex To All Other Brokers
ThinkMarkets vs Alfa Forex:
Table Of Contents
- Compare ThinkMarkets vs Alfa Forex
- Benefits of ThinkMarkets and Alfa Forex Compared
- Alfa Forex and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs Alfa Forex - Awards
- ThinkMarkets vs Alfa Forex - Frequently Asked Questions
- What is the minimum deposit for Alfa Forex or ThinkMarkets
- ThinkMarkets vs Alfa Forex - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And Alfa Forex
- What Languages Do ThinkMarkets And Alfa Forex Support?
- How Many Clients Do ThinkMarkets and Alfa Forex Have?
- What Payment Methods Do ThinkMarkets and Alfa Forex Accept?
- What Can You Trade With ThinkMarkets and Alfa Forex?