eToro vs ThinkMarkets, Who's Better?
Read our In-Depth eToro vs ThinkMarkets Review - for 2022
This eToro vs ThinkMarkets 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 eToro vs ThinkMarkets review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Compare eToro vs ThinkMarkets
Every online trading system will have a few ups and downs, and no eToro and ThinkMarkets review would be complete without showing both sides. Compare eToro and ThinkMarkets 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.
So you are looking for an online trading platform and are choosing between eToro or ThinkMarkets. Who should you choose?
This eToro vs ThinkMarkets comparison contains the most recent information so you can easily compare ThinkMarkets against eToro.
If you're a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you need to select the ideal broker who will be clear with you constantly.
Within this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. eToro and ThinkMarkets are just two such stages which will take you along with your investment into great heights. It's crucial that you compare eToro vs ThinkMarkets before you trust them with your cash.
Our eToro vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and ThinkMarkets side by side.
Our full eToro vs ThinkMarkets Review covers everything you will need to know about trading using either eToro or ThinkMarkets. A fantastic broker can multiply your initial investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that aligns with your investing goals.
There is 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 brokers will be the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
eToro and ThinkMarkets are both brokers which have found their way successfully to the broker world. In this review, we've attempted to collate a number of the important facets of both eToro and ThinkMarkets. This review can help you to understand whether either ThinkMarkets or eToro is a fantastic fit for your investments or not. We have attempted to breakdown all of the features and charges for your advantage.
Benefits of eToro and ThinkMarkets Compared
eToro offers a minimum deposit of $50 while ThinkMarkets offers a $0 minimum deposit.
Why smaller minimum deposits are good and how eToro and ThinkMarkets 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.
eToro has around 100 financial instruments while ThinkMarkets has around 100 available.
The more instruments you can trade on the eToro and ThinkMarkets 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 eToro or ThinkMarkets.
eToro and ThinkMarkets Contact Details
Being able to contact your broker simply is a sign of a professional broker. eToro and ThinkMarkets have the following contact details and social medias that you can use.
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| Broker | eToro | ThinkMarkets |
| Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | |
| support@etoro.com | support@thinkmarkets.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom |
| eToro Twitter Account | ThinkMarkets Twitter Account | |
| eToro Facebook Page | ThinkMarkets Facebook Page | |
| eToro Instagram Account | ThinkMarkets Instagram Account | |
| eToro LinkedIn Page | ThinkMarkets LinkedIn Page | |
| YouTube | eToro YouTube Channel | ThinkMarkets YouTube Channel |
| Find Out More |
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ThinkMarkets and eToro 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.
This part of comparing eToro and ThinkMarkets will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
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?
eToro vs ThinkMarkets - Awards
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| Broker | eToro | ThinkMarkets |
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eToro have won many industry awards over the years they have been operating as an online broker. We show the most notable awards for eToro here.
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ThinkMarkets have won numerous industry awards over the years they have been operating as an online broker. We list the most notable awards for ThinkMarkets below.
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eToro vs ThinkMarkets - Frequently Asked Questions
eToro vs ThinkMarkets - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
What is the minimum deposit for ThinkMarkets or eToro
The minimum deposit for eToro is $50.
The minimum deposit for ThinkMarkets is $0.
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 eToro and ThinkMarkets are a good option.
eToro vs ThinkMarkets - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
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 .
Both eToro and ThinkMarkets have a powerful collection of rules for ensuring honest trading on their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eToro vs ThinkMarkets Commission And Fees
eToro and ThinkMarkets are online broker platforms, and most online brokerages charge lower fees 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 influenced by the number of clients they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are mainly 3 different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you're spending a spread, funding rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight prices are those who are charged when you maintain a leveraged position for more than a day.
Aside from trading charges, online agents also charge non-trading fees. These are determined by the actions you undertake in your account. They're billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
Generally, neither eToro or ThinkMarkets charge high fees compared to other online brokers. 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 often trade, for example daily or weekly trading.
But, non-trading fees charged by eToro and ThinkMarkets are comparatively higher. As a result, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the purchase and sale of assets.
This eToro vs ThinkMarkets review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For eToro And ThinkMarkets
What Languages Do eToro And ThinkMarkets Support?
Being able to chat completely with your trading broker is a key part of comparing brokers to find the best broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both eToro and ThinkMarkets support.
How Many Clients Do eToro and ThinkMarkets Have?
Both eToro and ThinkMarkets are well known and trusted. It is important to work with an online broker you can trust and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers eToro and ThinkMarkets are working with
What Payment Methods Do eToro and ThinkMarkets Accept?
eToro and ThinkMarkets 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 eToro and ThinkMarkets
What Can You Trade With eToro and ThinkMarkets?
eToro offers 100 trading instruments while ThinkMarkets offers 3500.
Below you will find a full breakdown of what both eToro and ThinkMarkets offer.
Compare eToro To All Other Brokers
Compare ThinkMarkets To All Other Brokers