ThinkMarkets vs mgk global, Who's The Best?
Read our In-Depth ThinkMarkets vs mgk global Review - Updated for 2022
This ThinkMarkets vs mgk global 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 mgk global review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
mgk global 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 mgk global. Which one is best in 2022?
This ThinkMarkets vs mgk global review contains the latest information so you can easily compare mgk global against ThinkMarkets.
If you're a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive understanding. You'll get proficient at all the concepts of brokerage as you continue 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 advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. ThinkMarkets and mgk global are two such trading platforms which will take you along with your investment into great heights. It's crucial to compare ThinkMarkets vs mgk global until you trust them with your money.
Our ThinkMarkets vs mgk global comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and mgk global side by side.
Our full ThinkMarkets vs mgk global Review covers everything you need to know about trading using either ThinkMarkets or mgk global. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you should trade with a broker 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 in danger.
ThinkMarkets and mgk global are both brokers which have forged their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important aspects of both ThinkMarkets and mgk global. This review can help you to understand whether either mgk global or ThinkMarkets is a good fit for your own investments or not. We've attempted to breakdown all the qualities and charges for your convenience.
Compare ThinkMarkets vs mgk global
Every online trading system will have a few ups and downs, and no ThinkMarkets and mgk global review would be complete without showing both sides. Compare ThinkMarkets and mgk global 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 mgk global Compared
ThinkMarkets offers a minimum deposit of $0 while mgk global has a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and mgk global 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 while mgk global allows you to trade around 1500 financial instruments on their platform.
The more financial instruments you can trade on the ThinkMarkets and mgk global 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 mgk global.
ThinkMarkets and mgk global Contact Details
Being able to contact an online trading platform through many ways is a sign of a professional broker. ThinkMarkets and mgk global have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | ThinkMarkets | mgk global |
| 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 | mgk global Twitter Account | |
| ThinkMarkets Facebook Page | mgk global Facebook Page | |
| ThinkMarkets Instagram Account | mgk global Instagram Account | |
| ThinkMarkets LinkedIn Page | mgk global LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | mgk global YouTube Channel |
| Find Out More |
|
|
mgk global 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 mgk global we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate 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.
Search Functions
While most brokers are good at this, there are some poor ones. 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 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 mgk global - Awards
|
|
||
|---|---|---|
| Broker | ThinkMarkets | mgk global |
| Awards |
ThinkMarkets have won numerous industry awards over the years they have been running as a financial broker. We show the most recognised awards for ThinkMarkets below.
|
At the time of writing this mgk global review, and despite mgk global’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
ThinkMarkets vs mgk global - Frequently Asked Questions
ThinkMarkets vs mgk global - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
mgk global was founded in 2011 and has its headquaters in Cayman Islands.
What is the minimum deposit for mgk global or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for mgk global 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 mgk global are a good choice.
ThinkMarkets vs mgk global - 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 .
mgk global 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-F278.
Both ThinkMarkets and mgk global have a strong set of rules for ensuring fair trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare ThinkMarkets vs mgk global Commission And Fees
ThinkMarkets and mgk global are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the businesses of online trading platforms are scaled much better. In other words, an internet broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of fees for this objective.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you are paying a spread, funding speed, or even a commission. The sorts of trading charges and the rates vary 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 who are billed when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not trading for lengthy periods, or withdrawals.
In general, neither ThinkMarkets or mgk global charge high fees in comparison to other online brokers. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a smaller amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by ThinkMarkets and mgk global are comparatively greater. Consequently, you are billed more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This ThinkMarkets vs mgk global review for 2022 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And mgk global
What Languages Do ThinkMarkets And mgk global Support?
Being able to talk completely with your online broker 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 part of success when trading forex.
Below you will find all the languages that both ThinkMarkets and mgk global offer communication in.
How Many Clients Do ThinkMarkets and mgk global Have?
Both ThinkMarkets and mgk global are well established with their client base. It is really important to work with an online broker that is reputable 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 users ThinkMarkets and mgk global are working with
|
|
||
|---|---|---|
| Broker | ThinkMarkets | mgk global |
| Clients / Users | 475,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do ThinkMarkets and mgk global Accept?
ThinkMarkets and mgk global 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 mgk global
What Can You Trade With ThinkMarkets and mgk global?
ThinkMarkets offers 1500 trading instruments while mgk global offers 161.
Below you will find a full breakdown of what both ThinkMarkets and mgk global offer.
Compare ThinkMarkets To All Other Brokers
Compare mgk global To All Other Brokers
