ThinkMarkets vs WiseAlpha, 2022 Update
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ThinkMarkets Rating: 8.03 / 10 |
WiseAlpha Rating: 4.48 / 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 WiseAlpha Guide |
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Read our In-Depth ThinkMarkets vs WiseAlpha Review - 2022 Update
This ThinkMarkets vs WiseAlpha 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 WiseAlpha review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
WiseAlpha 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 WiseAlpha. Who is better in 2022?
This ThinkMarkets vs WiseAlpha review contains the most recent information so you can easily compare WiseAlpha against ThinkMarkets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You will acquire adept at all of the concepts of broker as you keep trading. For starters, you need to select the right broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. ThinkMarkets and WiseAlpha are two such trading platforms that will take you along with your investment into great heights. It's important that you compare ThinkMarkets vs WiseAlpha before you trust them with your money.
Our ThinkMarkets vs WiseAlpha comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and WiseAlpha side by side.
Our full ThinkMarkets vs WiseAlpha Review covers everything you need to know about trading with either ThinkMarkets or WiseAlpha. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to make profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to guarantee profits; thus, you should carefully assess your agent before you choose them. It is a frequent misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments in danger.
ThinkMarkets and WiseAlpha are both brokers which have found their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important facets of both ThinkMarkets and WiseAlpha. This review will help you to know whether either WiseAlpha or ThinkMarkets is a fantastic match for your own investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Compare ThinkMarkets vs WiseAlpha
Every online trading platform will have a few ups and downs, and no ThinkMarkets and WiseAlpha review would be complete without showing both sides. Compare ThinkMarkets and WiseAlpha 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 WiseAlpha Compared
ThinkMarkets offers a minimum deposit of $0 while WiseAlpha offers a $0 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and WiseAlpha 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 WiseAlpha has around 1500 financial instruments on their platform.
The more instruments you can trade on the ThinkMarkets and WiseAlpha 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 ThinkMarkets or WiseAlpha.
ThinkMarkets and WiseAlpha Contact Details
Being able to contact an online trading platform through many ways is important. ThinkMarkets and WiseAlpha have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | WiseAlpha |
| 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 | WiseAlpha Twitter Account | |
| ThinkMarkets Facebook Page | WiseAlpha Facebook Page | |
| ThinkMarkets Instagram Account | WiseAlpha Instagram Account | |
| ThinkMarkets LinkedIn Page | WiseAlpha LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | WiseAlpha YouTube Channel |
| Find Out More |
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WiseAlpha 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 WiseAlpha we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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.
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 WiseAlpha - Awards
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| Broker | ThinkMarkets | WiseAlpha |
| Awards |
ThinkMarkets have won several industry awards over the time they have been running as an online trading platform. We detail the most notable awards for ThinkMarkets below.
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At the time of writing this WiseAlpha review, and despite WiseAlpha’s impressive offering, the company has surprisingly not garnered any awards to date. |
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ThinkMarkets vs WiseAlpha - Frequently Asked Questions
ThinkMarkets vs WiseAlpha - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
WiseAlpha was founded in 2008 and has its head office in UK.
What is the minimum deposit for WiseAlpha or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for WiseAlpha is $0.
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 WiseAlpha are a good option.
ThinkMarkets vs WiseAlpha - 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 .
WiseAlpha is regulated by Financial Conduct Authority (FCA).
Both ThinkMarkets and WiseAlpha have a strong collection of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs WiseAlpha Commission And Fees
ThinkMarkets and WiseAlpha are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker isn't necessarily influenced by the number of customers they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three different types of penalties for this purpose.
The first sort of fees to look out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such instances, you are spending a spread, funding rate, or a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are determined by the activities you undertake on your account. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or WiseAlpha charge high fees compared to other online brokers. For operations other agents fee for, they do not charge a broker fee, or they charge a lesser amount. This can be beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees charged by ThinkMarkets and WiseAlpha are comparatively greater. Consequently, you're charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't related to the purchase and sale of resources.
This ThinkMarkets vs WiseAlpha review for 2022 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And WiseAlpha
What Languages Do ThinkMarkets And WiseAlpha Support?
Being able to talk completely with your online platform is a key way of 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 online.
Below you will find the languages that both ThinkMarkets and WiseAlpha support.
How Many Clients Do ThinkMarkets and WiseAlpha Have?
Both ThinkMarkets and WiseAlpha are well established with their customer base. It is important to work with an online broker you can trust 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 ThinkMarkets and WiseAlpha are working with
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| Broker | ThinkMarkets | WiseAlpha |
| Clients / Users | 475,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do ThinkMarkets and WiseAlpha Accept?
ThinkMarkets and WiseAlpha 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 WiseAlpha
What Can You Trade With ThinkMarkets and WiseAlpha?
ThinkMarkets offers 1500 trading instruments whilst WiseAlpha offers 258.
Below you will find a full breakdown of what both ThinkMarkets and WiseAlpha offer.
Compare ThinkMarkets To All Other Brokers
Compare WiseAlpha To All Other Brokers
