ThinkMarkets vs fxgrow, Who's Better?
ThinkMarkets Rating: 8.03 / 10
fxgrow Rating: 3.50 / 10
71.89% of retail investor accounts lose money when trading CFDs with this provider.
Your capital is at risk
ThinkMarkets vs fxgrow Guide
Read our In-Depth ThinkMarkets vs fxgrow Review - 2022 Update
This ThinkMarkets vs fxgrow 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 fxgrow review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
fxgrow 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 fxgrow. Which one is best in 2022?
This ThinkMarkets vs fxgrow review contains the latest information so you can easily compare fxgrow against ThinkMarkets.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading demands expert assessing skills and comprehensive knowledge. You will acquire adept at all the concepts of broker as you keep trading. For starters, you have to choose the right broker who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. ThinkMarkets and fxgrow are two such companies that will take you along with your investment into great heights. It is crucial that you compare ThinkMarkets vs fxgrow before you trust them with your money.
Our ThinkMarkets vs fxgrow comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and fxgrow side by side.
Our entire ThinkMarkets vs fxgrow Review covers everything you need to know about trading using either ThinkMarkets or fxgrow. A good broker can multiply your initial investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
ThinkMarkets and fxgrow are both brokers which have found their way successfully to the broker world. In this review, we've tried to collate a number of the vital aspects of both ThinkMarkets and fxgrow. This review will allow you to understand whether either fxgrow or ThinkMarkets is a fantastic match for your own investments or not. We have tried to breakdown all of the features and fees for your advantage.
Compare ThinkMarkets vs fxgrow
Every online trading platform will have a few ups and downs, and no ThinkMarkets and fxgrow review would be complete without having a balanced approach. Compare ThinkMarkets and fxgrow to understand how they line 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 fxgrow Compared
ThinkMarkets offers a minimum deposit of $0 while fxgrow offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and fxgrow 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 fxgrow has around 1500 financial instruments on their platform.
The more financial instruments you can trade on the ThinkMarkets and fxgrow 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 fxgrow.
ThinkMarkets and fxgrow Contact Details
Being able to contact your broker easily is vital. ThinkMarkets and fxgrow 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||fxgrow Twitter Account|
|ThinkMarkets Facebook Page||fxgrow Facebook Page|
|ThinkMarkets Instagram Account||fxgrow Instagram Account|
|ThinkMarkets LinkedIn Page||fxgrow LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||fxgrow YouTube Channel|
|Find Out More||
fxgrow 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 fxgrow 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 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 have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ThinkMarkets vs fxgrow - Awards
ThinkMarkets have won numerous industry awards over the years they have been running as an online broker. We show the most recognised awards for ThinkMarkets here.
|At the time of writing this fxgrow review, and despite fxgrow’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
ThinkMarkets vs fxgrow - Frequently Asked Questions
ThinkMarkets vs fxgrow - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
fxgrow was founded in 2014 and has its head office in USA.
What is the minimum deposit for fxgrow or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for fxgrow 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 fxgrow are a good option.
ThinkMarkets vs fxgrow - 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 .
fxgrow 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-F245.
Both ThinkMarkets and fxgrow have a powerful collection of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs fxgrow Commission And Fees
ThinkMarkets and fxgrow are online brokerage platforms, and most 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 online broker isn't necessarily affected by the amount of customers they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these instances, you are spending a spread, funding rate, or even a commission. The kinds of trading fees and the rates vary 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 cost. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither ThinkMarkets or fxgrow 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 is beneficial for those who often exchange, for example daily or weekly trading.
But, non-trading fees charged by ThinkMarkets and fxgrow are comparatively greater. Consequently, you're charged more for non-trading actions in your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of assets.
This ThinkMarkets vs fxgrow review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And fxgrow
What Languages Do ThinkMarkets And fxgrow Support?
Being able to chat completely with your online platform is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you 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 fxgrow support.
How Many Clients Do ThinkMarkets and fxgrow Have?
Both ThinkMarkets and fxgrow are well established with their customer base. It is important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users ThinkMarkets and fxgrow are active on their platform
|Clients / Users||475,000+||3,500,000+|
|Find Out More||
What Payment Methods Do ThinkMarkets and fxgrow Accept?
ThinkMarkets and fxgrow 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 fxgrow
What Can You Trade With ThinkMarkets and fxgrow?
ThinkMarkets offers 1500 trading instruments whilst fxgrow offers 128.
Below you will find a full breakdown of what both ThinkMarkets and fxgrow offer.
Compare ThinkMarkets To All Other Brokers
Compare fxgrow To All Other Brokers
ThinkMarkets vs fxgrow:
Table Of Contents
- Compare ThinkMarkets vs fxgrow
- Benefits of ThinkMarkets and fxgrow Compared
- fxgrow and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs fxgrow - Awards
- ThinkMarkets vs fxgrow - Frequently Asked Questions
- What is the minimum deposit for fxgrow or ThinkMarkets
- ThinkMarkets vs fxgrow - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And fxgrow
- What Languages Do ThinkMarkets And fxgrow Support?
- How Many Clients Do ThinkMarkets and fxgrow Have?
- What Payment Methods Do ThinkMarkets and fxgrow Accept?
- What Can You Trade With ThinkMarkets and fxgrow?