ThinkMarkets vs Plus500, Who's The Best?
Read our In-Depth ThinkMarkets vs Plus500 Review - 2022 Update
This ThinkMarkets vs Plus500 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 Plus500 review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Plus500 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 Plus500. Who should you choose?
Our ThinkMarkets vs Plus500 review contains the most recent information so you can easily compare Plus500 against ThinkMarkets.
If you are a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you need to choose the ideal agent who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you'll need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. ThinkMarkets and Plus500 are just two such trading platforms that will take you along with your investment into great heights. It's crucial that you compare ThinkMarkets vs Plus500 until you trust them with your money.
Our ThinkMarkets vs Plus500 comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Plus500 side by side.
Our entire ThinkMarkets vs Plus500 Review covers all you will need to know about trading using either ThinkMarkets or Plus500. A fantastic broker can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your broker before you select them. It is a frequent misconception that all agents are the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
ThinkMarkets and Plus500 are both brokers that have forged their way successfully to the brokerage world. In this review, we've tried to collate some of the important aspects of both ThinkMarkets and Plus500. This review can allow you to know whether either Plus500 or ThinkMarkets is a good match for your investments or not. We've tried to breakdown all of the qualities and fees for your convenience.
Compare ThinkMarkets vs Plus500
Every online trading platform has some ups and downs, and no ThinkMarkets and Plus500 review would be complete without showing both sides. Compare ThinkMarkets and Plus500 to understand how they stack up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Plus500 Compared
ThinkMarkets has a minimum deposit of $0 while Plus500 has a $100 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and Plus500 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 whilst Plus500 allows you to trade around 1500 on their platform.
The more financial instruments you can trade on the ThinkMarkets and Plus500 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 Plus500.
ThinkMarkets and Plus500 Contact Details
Being able to contact an online trading platform through many ways is important. ThinkMarkets and Plus500 have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | Plus500 |
| Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | +972 4-818-9503 |
| 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 | Bldg 25 Matam, Haifa, Haifa, Israel |
| ThinkMarkets Twitter Account | Plus500 Twitter Account | |
| ThinkMarkets Facebook Page | Plus500 Facebook Page | |
| ThinkMarkets Instagram Account | Plus500 Instagram Account | |
| ThinkMarkets LinkedIn Page | Plus500 LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | Plus500 YouTube Channel |
| Find Out More |
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Plus500 and ThinkMarkets 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 ThinkMarkets and Plus500 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 important that any trading app has user friendly capabilities especially with the
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?
ThinkMarkets vs Plus500 - Awards
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| Broker | ThinkMarkets | Plus500 |
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ThinkMarkets have won many industry awards over the years they have been running as a financial broker. We show the most recognised awards for ThinkMarkets here.
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Plus500 have won numerous industry awards over the time they have been operating as a financial broker. We detail the most notable awards for Plus500 below.
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ThinkMarkets vs Plus500 - Frequently Asked Questions
ThinkMarkets vs Plus500 - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
Plus500 was founded in 2008 and has its headquaters in Israel.
What is the minimum deposit for Plus500 or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for Plus500 is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and Plus500 are a good choice.
ThinkMarkets vs Plus500 - 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 .
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Both ThinkMarkets and Plus500 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 individual privacy regulations, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare ThinkMarkets vs Plus500 Commission And Fees
ThinkMarkets and Plus500 are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 different types of penalties for this objective.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're charged trading charges. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the difference between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake in your account. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither ThinkMarkets or Plus500 charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for people who often exchange, for example weekly or daily trading.
However, non-trading fees charged by ThinkMarkets and Plus500 are relatively competitive. Consequently, you are billed more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.
This ThinkMarkets vs Plus500 review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And Plus500
What Languages Do ThinkMarkets And Plus500 Support?
Being able to talk easily with your online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading online.
Here you can find all the languages that both ThinkMarkets and Plus500 support.
How Many Clients Do ThinkMarkets and Plus500 Have?
Both ThinkMarkets and Plus500 are well established with their customer base. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients ThinkMarkets and Plus500 are working with
What Payment Methods Do ThinkMarkets and Plus500 Accept?
ThinkMarkets and Plus500 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 Plus500
What Can You Trade With ThinkMarkets and Plus500?
ThinkMarkets offers 1500 trading instruments and Plus500 offers 2,000.
Below you will find a full breakdown of what both ThinkMarkets and Plus500 offer.
Compare ThinkMarkets To All Other Brokers
Compare Plus500 To All Other Brokers
