ThinkMarkets vs forexct, for 2022
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ThinkMarkets Rating: 8.03 / 10 |
forexct Rating: 5.80 / 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 forexct Guide |
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Read our In-Depth ThinkMarkets vs forexct Review - 2022 Update
This ThinkMarkets vs forexct 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 forexct review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
forexct 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 forexct. Who is better in 2022?
Our ThinkMarkets vs forexct review contains the most recent information so you can easily compare forexct against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You will get proficient at all the concepts of brokerage since you keep trading. For starters, you have to choose the right broker who will be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment plan has the potential to create hefty returns. ThinkMarkets and forexct are two such stages that will take you along with your investment to great heights. It is important to compare ThinkMarkets vs forexct until you trust them with your cash.
Our ThinkMarkets vs forexct comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and forexct side by side.
Our full ThinkMarkets vs forexct Review covers everything you will need to learn about trading with either ThinkMarkets or forexct. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a brokerage service that aligns with your investment objectives.
There's absolutely no sure-fire way to ensure profits; therefore, you must carefully assess your agent before you choose them. It's a frequent misconception that all agents will be the same, but that is not true. Wrong judgment, initially, can put your investments in danger.
ThinkMarkets and forexct are both brokers which have found their way successfully into the broker world. Within this review, we have tried to collate some of the important facets of both ThinkMarkets and forexct. This review will help you to know whether either forexct or ThinkMarkets is a fantastic match for your investments or not. We have attempted to breakdown all of the qualities and charges for your convenience.
Compare ThinkMarkets vs forexct
Every online trading system will have some pros and cons, and no ThinkMarkets and forexct review would be complete without having a balanced approach. Compare ThinkMarkets and forexct 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 forexct Compared
ThinkMarkets has a minimum deposit of $0 while forexct offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and forexct 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 forexct has around 1500 financial instruments on their platform.
The more instruments you can trade on the ThinkMarkets and forexct 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 forexct.
ThinkMarkets and forexct Contact Details
Being able to contact your broker through many ways is vital. ThinkMarkets and forexct have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | forexct |
| 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 | forexct Twitter Account | |
| ThinkMarkets Facebook Page | forexct Facebook Page | |
| ThinkMarkets Instagram Account | forexct Instagram Account | |
| ThinkMarkets LinkedIn Page | forexct LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | forexct YouTube Channel |
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forexct 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 forexct we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both apps as better than 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. 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 forexct - Awards
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| Broker | ThinkMarkets | forexct |
| Awards |
ThinkMarkets have won several industry awards over the years they have been operating as a financial broker. We show the most recognised awards for ThinkMarkets below.
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At the time of writing this forexct review, and despite forexct’s impressive offering, the company has surprisingly not garnered any awards to date. |
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ThinkMarkets vs forexct - Frequently Asked Questions
ThinkMarkets vs forexct - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
forexct was founded in 2021 and has its headquaters in Australia.
What is the minimum deposit for forexct or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for forexct 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 forexct are a good choice.
ThinkMarkets vs forexct - 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 .
forexct is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F228.
Both ThinkMarkets and forexct have a powerful set of rules for ensuring honest trading on their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ThinkMarkets vs forexct Commission And Fees
ThinkMarkets and forexct are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three different types of fees for this purpose.
The first sort of fees to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these cases, you're spending a spread, financing speed, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight rates are people who are billed when you maintain a leveraged position for more than daily.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake in your account. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or forexct 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 smaller sum. This is beneficial for people who often exchange, such as daily or weekly trading.
However, non-trading fees charged by ThinkMarkets and forexct are comparatively greater. Consequently, you're charged more for non-trading activities on your trading account, such as deposits and withdrawal. These are not about the sale and purchase of assets.
This ThinkMarkets vs forexct review for 2022 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And forexct
What Languages Do ThinkMarkets And forexct Support?
Being able to chat completely with your trading platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both ThinkMarkets and forexct support.
How Many Clients Do ThinkMarkets and forexct Have?
Both ThinkMarkets and forexct are well established with their customer base. It is important to work with an online broker that is professional and one of the most simple 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 forexct are working with
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| Broker | ThinkMarkets | forexct |
| Clients / Users | 475,000+ | 10,000+ |
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What Payment Methods Do ThinkMarkets and forexct Accept?
ThinkMarkets and forexct 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 forexct
What Can You Trade With ThinkMarkets and forexct?
ThinkMarkets offers 1500 trading instruments and forexct offers 111.
Below you will find a full breakdown of what both ThinkMarkets and forexct offer.
Compare ThinkMarkets To All Other Brokers
Compare forexct To All Other Brokers
