ThinkMarkets vs FXNet, Who's The Best?
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ThinkMarkets Rating: 8.03 / 10 |
FXNet Rating: 6.41 / 10 |
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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
ThinkMarkets vs FXNet Guide |
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Read our In-Depth ThinkMarkets vs FXNet Review - 2022 Update
This ThinkMarkets vs FXNet 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 FXNet review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
FXNet Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between ThinkMarkets or FXNet. Who should you choose?
Our ThinkMarkets vs FXNet review contains the most recent information so you can easily compare FXNet against ThinkMarkets.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll acquire proficient at all the concepts of broker as you keep trading. For starters, you have to select the ideal agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. ThinkMarkets and FXNet are just two such trading platforms which will take you along with your investment into great heights. It is important that you compare ThinkMarkets vs FXNet before you trust them with your money.
Our ThinkMarkets vs FXNet comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and FXNet side by side.
Our entire ThinkMarkets vs FXNet Review covers all you need to know about trading using either ThinkMarkets or FXNet. A fantastic broker can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you select them. It is a common misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments at risk.
ThinkMarkets and FXNet are both brokers that have forged their way successfully into the broker world. In this review, we've tried to collate some of the vital facets of both ThinkMarkets and FXNet. This review can help you to know whether either FXNet or ThinkMarkets is a good match for your investments or not. We've tried to breakdown all of the features and charges for your convenience.
Compare ThinkMarkets vs FXNet
Every online trading platform will have some pros and cons, and no ThinkMarkets and FXNet review would be complete without having a balanced approach. Compare ThinkMarkets and FXNet 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 FXNet Compared
ThinkMarkets offers a minimum deposit of $0 while FXNet offers a $50 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and FXNet 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 FXNet allows you to trade around 1500 available.
The more financial instruments you can trade on the ThinkMarkets and FXNet 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 should never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or FXNet.
ThinkMarkets and FXNet Contact Details
Being able to contact a broker easily is vital. ThinkMarkets and FXNet have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | FXNet |
| 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 | |
| ThinkMarkets Twitter Account | FXNet Twitter Account | |
| ThinkMarkets Facebook Page | FXNet Facebook Page | |
| ThinkMarkets Instagram Account | FXNet Instagram Account | |
| ThinkMarkets LinkedIn Page | FXNet LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | FXNet YouTube Channel |
| Find Out More |
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FXNet 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.
This part of comparing ThinkMarkets and FXNet will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both 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. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ThinkMarkets vs FXNet - Awards
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| Broker | ThinkMarkets | FXNet |
| Awards |
ThinkMarkets have won many industry awards over the years they have been running as an online broker. We show the most notable awards for ThinkMarkets below.
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At the time of writing this FXNet review, and despite FXNet’s impressive offering, the company has surprisingly not garnered any awards to date. |
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ThinkMarkets vs FXNet - Frequently Asked Questions
ThinkMarkets vs FXNet - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
FXNet was founded in 2012 and has its head office in Cyprus.
What is the minimum deposit for FXNet or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for FXNet is $50.
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 ThinkMarkets and FXNet are a good choice.
ThinkMarkets vs FXNet - 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 .
FXNet is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Both ThinkMarkets and FXNet have a powerful collection of rules for ensuring fair trading onto their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs FXNet Commission And Fees
ThinkMarkets and FXNet are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily influenced by the number of clients they have.
However, 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 different types of penalties for this objective.
The first sort 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're billed trading charges. In these instances, you are spending a spread, funding speed, or even a commission. The sorts of trading fees 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 price. Financing or overnight prices are those who are billed when you maintain a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They are billed for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or FXNet charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for people who regularly trade, for example weekly or daily trading.
But, non-trading fees billed by ThinkMarkets and FXNet are relatively lower. As a result, you are billed more for non-trading activities in your trading accounts, like withdrawal and deposits. These are not related to the sale and purchase of resources.
This ThinkMarkets vs FXNet review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And FXNet
What Languages Do ThinkMarkets And FXNet Support?
Being able to talk easily with your trading platform is a key element when comparing trading platforms to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Here you will find the languages that both ThinkMarkets and FXNet support.
How Many Clients Do ThinkMarkets and FXNet Have?
Both ThinkMarkets and FXNet are well established with their client base. It is important to work with an online broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many customers ThinkMarkets and FXNet are active on their platform
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| Broker | ThinkMarkets | FXNet |
| Clients / Users | 475,000+ | 10,000+ |
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What Payment Methods Do ThinkMarkets and FXNet Accept?
ThinkMarkets and FXNet 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 FXNet
What Can You Trade With ThinkMarkets and FXNet?
ThinkMarkets offers 1500 trading instruments whilst FXNet offers 100.
Below you will find a full breakdown of what both ThinkMarkets and FXNet offer.
Compare ThinkMarkets To All Other Brokers
Compare FXNet To All Other Brokers
