ThinkMarkets vs ForexTB, Who's The Best?
Read our In-Depth ThinkMarkets vs ForexTB Review - Updated for 2022
This ThinkMarkets vs ForexTB 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 ForexTB review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
ForexTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between ThinkMarkets or ForexTB. Who is better in 2022?
Our ThinkMarkets vs ForexTB review contains the latest information so you can easily compare ForexTB against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the area of trading requires expert assessing skills and comprehensive knowledge. You'll acquire adept at all of the concepts of broker 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'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. ThinkMarkets and ForexTB are just two such platforms that will take you along with your investment to great heights. It's crucial that you compare ThinkMarkets vs ForexTB until you trust them with your cash.
Our ThinkMarkets vs ForexTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and ForexTB side by side.
Our entire ThinkMarkets vs ForexTB Review covers everything you will need to learn about trading with either ThinkMarkets or ForexTB. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you select them. It is a common misconception that all brokers are the same, but that's not true. Wrong judgment, initially, can set your investments at risk.
ThinkMarkets and ForexTB are both brokers that have paved their way successfully into the broker world. In this review, we have tried to collate some of the important aspects of both ThinkMarkets and ForexTB. This review can help you to understand whether either ForexTB or ThinkMarkets is a fantastic match for your investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Compare ThinkMarkets vs ForexTB
Every online trading system has a few ups and downs, and no ThinkMarkets and ForexTB review would be complete without showing both sides. Compare ThinkMarkets and ForexTB to understand how they line 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 ForexTB Compared
ThinkMarkets offers a minimum deposit of $0 while ForexTB offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and ForexTB 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 allows you to trade around 1500 financial instruments whilst ForexTB allows you to trade around 1500 available.
The more instruments you can trade on the ThinkMarkets and ForexTB 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 ForexTB.
ThinkMarkets and ForexTB Contact Details
Being able to contact an online trading platform easily is a sign of a professional broker. ThinkMarkets and ForexTB 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||ForexTB Twitter Account|
|ThinkMarkets Facebook Page||ForexTB Facebook Page|
|ThinkMarkets Instagram Account||ForexTB Instagram Account|
|ThinkMarkets LinkedIn Page||ForexTB LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||ForexTB YouTube Channel|
|Find Out More||
ForexTB 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 ForexTB 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.
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 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 ForexTB - Awards
ThinkMarkets have won a lot of industry awards over the time they have been running as an online broker. We list the most recognised awards for ThinkMarkets below.
|At the time of writing this ForexTB review, and despite ForexTB’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs ForexTB - Frequently Asked Questions
ThinkMarkets vs ForexTB - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
ForexTB was founded in 2015 and has its head office in Cyprus.
What is the minimum deposit for ForexTB or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for ForexTB is $250.
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 ForexTB are a good choice.
ThinkMarkets vs ForexTB - 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 .
ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
Both ThinkMarkets and ForexTB have a strong set of rules for ensuring fair trading onto their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their own privacy regulations, client data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs ForexTB Commission And Fees
ThinkMarkets and ForexTB are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily three types of penalties for this objective.
The first sort of charges to keep an eye out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are billed when you hold a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither ThinkMarkets or ForexTB charge high fees in comparison to other online agents. 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 often trade, such as weekly or daily trading.
However, non-trading fees charged by ThinkMarkets and ForexTB are relatively lower. Consequently, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This ThinkMarkets vs ForexTB review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And ForexTB
What Languages Do ThinkMarkets And ForexTB Support?
Being able to communicate completely with your trading broker is a key part of comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Here you can find the languages that both ThinkMarkets and ForexTB support.
How Many Clients Do ThinkMarkets and ForexTB Have?
Both ThinkMarkets and ForexTB are well established with their client base. It is important to work with a broker that is reputable and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many users ThinkMarkets and ForexTB are active on their platform
What Payment Methods Do ThinkMarkets and ForexTB Accept?
ThinkMarkets and ForexTB 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 ForexTB
What Can You Trade With ThinkMarkets and ForexTB?
ThinkMarkets offers 1500 trading instruments and ForexTB offers 100.
Below you will find a full breakdown of what both ThinkMarkets and ForexTB offer.
Compare ThinkMarkets To All Other Brokers
Compare ForexTB To All Other Brokers
ThinkMarkets vs ForexTB:
Table Of Contents
- Compare ThinkMarkets vs ForexTB
- Benefits of ThinkMarkets and ForexTB Compared
- ForexTB and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs ForexTB - Awards
- ThinkMarkets vs ForexTB - Frequently Asked Questions
- What is the minimum deposit for ForexTB or ThinkMarkets
- ThinkMarkets vs ForexTB - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And ForexTB
- What Languages Do ThinkMarkets And ForexTB Support?
- How Many Clients Do ThinkMarkets and ForexTB Have?
- What Payment Methods Do ThinkMarkets and ForexTB Accept?
- What Can You Trade With ThinkMarkets and ForexTB?