ThinkMarkets vs umarkets, for 2022
|
|
|
ThinkMarkets Rating: 8.03 / 10 |
umarkets Rating: 4.20 / 10 |
|
71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Your capital is at risk |
ThinkMarkets vs umarkets Guide |
|
Read our In-Depth ThinkMarkets vs umarkets Review - 2022 Update
This ThinkMarkets vs umarkets 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 umarkets review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
umarkets 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 umarkets. Who should you choose?
This ThinkMarkets vs umarkets review contains the latest information so you can easily compare umarkets against ThinkMarkets.
If you are a new entrant in the world of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get adept at all of the concepts of broker since you continue trading. For starters, you have to select the ideal broker who will be transparent with you always.
Within this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. ThinkMarkets and umarkets are just two such trading platforms that will take you along with your investment into great heights. It's crucial that you compare ThinkMarkets vs umarkets before you trust them with your cash.
Our ThinkMarkets vs umarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and umarkets side by side.
Our entire ThinkMarkets vs umarkets Review covers everything you will need to learn about trading with either ThinkMarkets or umarkets. A good broker can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a broker service that aligns with your investment objectives.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully assess your broker before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments in danger.
ThinkMarkets and umarkets are both brokers which have forged their way successfully into the brokerage world. In this review, we have attempted to collate a number of the important facets of both ThinkMarkets and umarkets. This review will help you to understand whether either umarkets or ThinkMarkets is a fantastic fit for your own investments or not. We have tried to breakdown all the qualities and fees for your convenience.
Compare ThinkMarkets vs umarkets
Every online trading system will have a few ups and downs, and no ThinkMarkets and umarkets review would be complete without showing both sides. Compare ThinkMarkets and umarkets 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 umarkets Compared
ThinkMarkets has a minimum deposit of $0 while umarkets offers a $250 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets and umarkets 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 umarkets has around 1500 financial instruments on their platform.
The more financial instruments you can trade on the ThinkMarkets and umarkets 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 umarkets.
ThinkMarkets and umarkets Contact Details
Being able to contact your broker easily is a sign of a professional broker. ThinkMarkets and umarkets have the following contact details and social medias that you can use.
|
|
||
|---|---|---|
| Broker | ThinkMarkets | umarkets |
| 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 | umarkets Twitter Account | |
| ThinkMarkets Facebook Page | umarkets Facebook Page | |
| ThinkMarkets Instagram Account | umarkets Instagram Account | |
| ThinkMarkets LinkedIn Page | umarkets LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | umarkets YouTube Channel |
| Find Out More |
|
|
umarkets 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 umarkets 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 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 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 umarkets - Awards
|
|
||
|---|---|---|
| Broker | ThinkMarkets | umarkets |
| Awards |
ThinkMarkets have won many industry awards over the time they have been running as an online trading platform. We detail the most recognised awards for ThinkMarkets below.
|
At the time of writing this umarkets review, and despite umarkets’s impressive offering, the company has surprisingly not garnered any awards to date. |
| Find Out More |
|
|
ThinkMarkets vs umarkets - Frequently Asked Questions
ThinkMarkets vs umarkets - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
umarkets was founded in 2018 and has its head office in Bulgaria.
What is the minimum deposit for umarkets or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for umarkets is $250.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ThinkMarkets and umarkets are a good option.
ThinkMarkets vs umarkets - 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 .
umarkets 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-F333.
Both ThinkMarkets and umarkets have a powerful collection of rules for ensuring honest trading onto their own platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ThinkMarkets vs umarkets Commission And Fees
ThinkMarkets and umarkets are online brokerage platforms, and many 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. That is, an internet broker isn't necessarily affected by the amount of clients they have.
But this does not necessarily mean that online brokers don't 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 sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, financing rate, or a commission. The sorts of trading charges and the prices vary 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. Funding or overnight prices are people who are charged when you hold a leveraged position for longer than daily.
Aside from trading fees, online brokers 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 investing for long periods, or withdrawals.
Generally, neither ThinkMarkets or umarkets charge high fees in comparison to other online agents. 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 trade, for example weekly or daily trading.
But, non-trading fees billed by ThinkMarkets and umarkets are comparatively higher. Consequently, you're billed more for non-trading actions in your trading account, such as deposits and withdrawal. These aren't related to the sale and purchase of assets.
This ThinkMarkets vs umarkets review for 2022 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And umarkets
What Languages Do ThinkMarkets And umarkets Support?
Being able to talk completely with your online platform is a key way of 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 app as it is a key part of success when trading forex.
Below you will find all the languages that both ThinkMarkets and umarkets offer communication in.
How Many Clients Do ThinkMarkets and umarkets Have?
Both ThinkMarkets and umarkets are well established with their customer base. It is important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many clients ThinkMarkets and umarkets are active on their platform
|
|
||
|---|---|---|
| Broker | ThinkMarkets | umarkets |
| Clients / Users | 475,000+ | 10,000+ |
| Find Out More |
|
|
What Payment Methods Do ThinkMarkets and umarkets Accept?
ThinkMarkets and umarkets 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 umarkets
What Can You Trade With ThinkMarkets and umarkets?
ThinkMarkets offers 1500 trading instruments while umarkets offers 216.
Below you will find a full breakdown of what both ThinkMarkets and umarkets offer.
Compare ThinkMarkets To All Other Brokers
Compare umarkets To All Other Brokers
