ThinkMarkets vs questrade, 2022 Update
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ThinkMarkets Rating: 8.03 / 10 |
questrade Rating: 4.50 / 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 questrade Guide |
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Read our In-Depth ThinkMarkets vs questrade Review - 2022 Update
This ThinkMarkets vs questrade 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 questrade review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
questrade 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 questrade. Which one is best in 2022?
This ThinkMarkets vs questrade review contains the most recent information so you can easily compare questrade against ThinkMarkets.
If you're a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and comprehensive understanding. You will get proficient at all the concepts of brokerage since you continue trading. For starters, you have to select the right broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment plan has the potential to create hefty returns. ThinkMarkets and questrade are just two such stages which will take you along with your investment into great heights. It is important to compare ThinkMarkets vs questrade until you trust them with your cash.
Our ThinkMarkets vs questrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and questrade side by side.
Our full ThinkMarkets vs questrade Review covers all you need to learn about trading using either ThinkMarkets or questrade. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investing goals.
There's absolutely no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you select them. It's a common misconception that all brokers are the same, but that's not true. Wrong judgment, in the beginning, can put your investments in danger.
ThinkMarkets and questrade are both brokers that have found their way successfully into the brokerage world. In this review, we've attempted to collate some of the important aspects of both ThinkMarkets and questrade. This review can help you to know whether either questrade or ThinkMarkets is a good fit for your own investments or not. We have attempted to breakdown all the qualities and charges for your convenience.
Compare ThinkMarkets vs questrade
Every online trading platform will have some pros and cons, and no ThinkMarkets and questrade review would be complete without having a balanced approach. Compare ThinkMarkets and questrade 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 questrade Compared
ThinkMarkets offers a minimum deposit of $0 while questrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and questrade 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 questrade has around 1500 available.
The more financial instruments you can trade on the ThinkMarkets and questrade 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 questrade.
ThinkMarkets and questrade Contact Details
Being able to contact your broker easily is a sign of a professional broker. ThinkMarkets and questrade have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | questrade |
| 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 | questrade Twitter Account | |
| ThinkMarkets Facebook Page | questrade Facebook Page | |
| ThinkMarkets Instagram Account | questrade Instagram Account | |
| ThinkMarkets LinkedIn Page | questrade LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | questrade YouTube Channel |
| Find Out More |
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questrade 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 questrade 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 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 questrade - Awards
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| Broker | ThinkMarkets | questrade |
| Awards |
ThinkMarkets have won numerous industry awards over the years they have been operating as an online trading platform. We list the most recognised awards for ThinkMarkets below.
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At the time of writing this questrade review, and despite questrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
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ThinkMarkets vs questrade - Frequently Asked Questions
ThinkMarkets vs questrade - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
questrade was founded in 2019 and has its headquaters in New Zealand.
What is the minimum deposit for questrade or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for questrade is $250.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and questrade are a good option.
ThinkMarkets vs questrade - 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 .
questrade 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-F298.
Both ThinkMarkets and questrade have a strong set of rules for ensuring fair trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ThinkMarkets vs questrade Commission And Fees
ThinkMarkets and questrade are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an online broker isn't necessarily influenced by the amount of clients they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading charges. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither ThinkMarkets or questrade charge high fees compared to other online agents. For operations other agents fee for, they do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who regularly trade, for example daily or weekly trading.
But, non-trading fees charged by ThinkMarkets and questrade are comparatively lower. Consequently, you're charged more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of assets.
This ThinkMarkets vs questrade review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And questrade
What Languages Do ThinkMarkets And questrade Support?
Being able to talk completely with your trading platform is a key element when comparing trading platforms to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both ThinkMarkets and questrade offer communication in.
How Many Clients Do ThinkMarkets and questrade Have?
Both ThinkMarkets and questrade are well known and trusted. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients ThinkMarkets and questrade are working with
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| Broker | ThinkMarkets | questrade |
| Clients / Users | 475,000+ | 10,000+ |
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What Payment Methods Do ThinkMarkets and questrade Accept?
ThinkMarkets and questrade 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 questrade
What Can You Trade With ThinkMarkets and questrade?
ThinkMarkets offers 1500 trading instruments while questrade offers 181.
Below you will find a full breakdown of what both ThinkMarkets and questrade offer.
Compare ThinkMarkets To All Other Brokers
Compare questrade To All Other Brokers
