ThinkMarkets vs XTB, Updated for 2022
Read our In-Depth ThinkMarkets vs XTB Review - for 2022
This ThinkMarkets vs XTB 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 XTB review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
XTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a broker and are choosing between ThinkMarkets or XTB. Who is better in 2022?
Our ThinkMarkets vs XTB review contains the latest information so you can easily compare XTB against ThinkMarkets.
If you're a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and comprehensive understanding. You'll get adept at all the concepts of broker as you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. ThinkMarkets and XTB are just two such trading platforms that will take you along with your investment to great heights. It's crucial to compare ThinkMarkets vs XTB until you trust them with your money.
Our ThinkMarkets vs XTB comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and XTB side by side.
Our full ThinkMarkets vs XTB Review covers all you need to learn about trading using either ThinkMarkets or XTB. A good broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all brokers are the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
ThinkMarkets and XTB are both brokers which have found their way successfully to the brokerage world. In this review, we have tried to collate some of the vital facets of both ThinkMarkets and XTB. This review will allow you to understand whether either XTB or ThinkMarkets is a fantastic match for your investments or not. We've tried to breakdown all the qualities and fees for your advantage.
Compare ThinkMarkets vs XTB
Every online trading system will have some pros and cons, and no ThinkMarkets and XTB review would be complete without showing both sides. Compare ThinkMarkets and XTB to understand how they line up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and XTB Compared
ThinkMarkets has a minimum deposit of $0 while XTB has a $0 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and XTB 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 XTB has around 1500 financial instruments available.
The more financial instruments you can trade on the ThinkMarkets and XTB 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 never want to miss out on a trading opportunity due to the limitations of ThinkMarkets or XTB.
ThinkMarkets and XTB Contact Details
Being able to contact your broker easily is important. ThinkMarkets and XTB 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||020 3695 3085|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom||Level 9, One Canada Square, Canary Wharf, E14 5AA|
|ThinkMarkets Twitter Account||XTB Twitter Account|
|ThinkMarkets Facebook Page||XTB Facebook Page|
|ThinkMarkets Instagram Account||XTB Instagram Account|
|ThinkMarkets LinkedIn Page||XTB LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||XTB YouTube Channel|
|Find Out More||
XTB 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 XTB 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 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. 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 XTB - Awards
ThinkMarkets have won many industry awards over the time they have been operating as an online broker. We show the most recognised awards for ThinkMarkets below.
XTB have won a lot of industry awards over the years they have been operating as an online broker. We show the most recognised awards for XTB here.
|Find Out More||
ThinkMarkets vs XTB - Frequently Asked Questions
ThinkMarkets vs XTB - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
XTB was founded in 2002 and has its headquaters in Poland.
What is the minimum deposit for XTB or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for XTB is $0.
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 XTB are a good choice.
ThinkMarkets vs XTB - 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 .
XTB is regulated by Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi├ó╦å┼í├óÔÇ░┬Ñn Nacional del Mercado de Valores, Komisja Nadzoru Finansowego.
Both ThinkMarkets and XTB have a strong collection of rules for ensuring fair trading onto their platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy regulations, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs XTB Commission And Fees
ThinkMarkets and XTB are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker is not necessarily affected by the number of clients they have.
But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are those who are billed when you hold a leveraged position for longer than a day.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither ThinkMarkets or XTB charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.
But, non-trading fees billed by ThinkMarkets and XTB are comparatively higher. Consequently, you're billed more for non-trading actions on your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This ThinkMarkets vs XTB review for 2022 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And XTB
What Languages Do ThinkMarkets And XTB Support?
Being able to chat completely with your trading 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 site and inside their app as it is a key factor to success when trading forex.
Below you can find the languages that both ThinkMarkets and XTB support.
How Many Clients Do ThinkMarkets and XTB Have?
Both ThinkMarkets and XTB are well known and trusted. It is important to work with a broker that is professional and one of the most simple 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 XTB are working with
What Payment Methods Do ThinkMarkets and XTB Accept?
ThinkMarkets and XTB 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 XTB
What Can You Trade With ThinkMarkets and XTB?
ThinkMarkets offers 1500 trading instruments whilst XTB offers 1,500.
Below you will find a full breakdown of what both ThinkMarkets and XTB offer.
Compare ThinkMarkets To All Other Brokers
Compare XTB To All Other Brokers
ThinkMarkets vs XTB:
Table Of Contents
- Compare ThinkMarkets vs XTB
- Benefits of ThinkMarkets and XTB Compared
- XTB and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs XTB - Awards
- ThinkMarkets vs XTB - Frequently Asked Questions
- What is the minimum deposit for XTB or ThinkMarkets
- ThinkMarkets vs XTB - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And XTB
- What Languages Do ThinkMarkets And XTB Support?
- How Many Clients Do ThinkMarkets and XTB Have?
- What Payment Methods Do ThinkMarkets and XTB Accept?
- What Can You Trade With ThinkMarkets and XTB?