gcm forex vs ThinkMarkets, Who's Better?
gcm forex Rating
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ThinkMarkets Rating
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Your capital is at risk |
71.89% of retail investor accounts lose money when trading CFDs with this provider. |
gcm forex vs ThinkMarkets Guide |
Read our In-Depth gcm forex vs ThinkMarkets Review - 2024 Update
Our comprehensive analysis of gcm forex and ThinkMarkets has been revised to reflect any changes for 2024 by seasoned professionals with significant financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of gcm forex vs ThinkMarkets does not apply to all countries as follows:
gcm forex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Compare gcm forex vs ThinkMarkets
Every platforms for online trading has certain pros and cons, and a complete analysis of gcm forex vs ThinkMarkets would not be regarded as thorough without having a balanced approach.
Compare ThinkMarkets and gcm forex to understand how they line up against each before you choose to open an account. A comprehensive comparison will place factors into perspective so that you're informed about what to expect.
So you are looking for a reputable broker and are choosing between gcm forex or ThinkMarkets. Who is better in 2024?
Our gcm forex vs ThinkMarkets comparison contains the most recent information so you can easily compare ThinkMarkets against gcm forex.
If you're 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 assessing skills and thorough knowledge. You'll acquire adept at all of the concepts of broker since you keep trading. For starters, you have to choose the right broker who'll be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. gcm forex and ThinkMarkets are just two such companies that will take you and your investment into great heights. It's important that you compare gcm forex vs ThinkMarkets until you trust them with your money.
Our gcm forex vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust gcm forex and ThinkMarkets side by side.
Our entire gcm forex vs ThinkMarkets Review covers all you will need to know about trading using either gcm forex or ThinkMarkets. A fantastic agent can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to guarantee profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all agents are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments at risk.
gcm forex and ThinkMarkets are both brokers which have forged their way successfully into the brokerage world. Within this review, we have tried to collate a number of the important aspects of both gcm forex and ThinkMarkets. This review can allow you to understand whether either ThinkMarkets or gcm forex is a fantastic match for your own investments or not. We've attempted to breakdown all of the features and fees for your advantage.
Benefits of gcm forex and ThinkMarkets Compared
gcm forex has a minimum deposit of $250 while ThinkMarkets has a $0 minimum deposit.
Why smaller minimum deposits are good and how gcm forex 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.
gcm forex allows you to trade around 131 financial instruments while ThinkMarkets allows you to trade around 131 financial instruments available.
The more instruments you can trade on the gcm forex and ThinkMarkets 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 should never want to miss out on a trading opportunity due to the limitations of gcm forex or ThinkMarkets.
gcm forex and ThinkMarkets Contact Details
Being able to contact a broker through many ways is a sign of a professional broker. gcm forex and ThinkMarkets have the following contact details and social medias that you can use.
Broker | gcm forex | ThinkMarkets |
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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 | |
gcm forex Twitter Account | ThinkMarkets Twitter Account | |
gcm forex Facebook Page | ThinkMarkets Facebook Page | |
gcm forex Instagram Account | ThinkMarkets Instagram Account | |
gcm forex LinkedIn Page | ThinkMarkets LinkedIn Page | |
YouTube | gcm forex YouTube Channel | ThinkMarkets YouTube Channel |
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ThinkMarkets and gcm forex Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing gcm forex and ThinkMarkets will examine whether their mobile app meets all our requirements.
We rate overall 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. 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?
gcm forex vs ThinkMarkets - Awards
Broker | gcm forex | ThinkMarkets |
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Awards | At the time of writing this gcm forex review, and despite gcm forex’s impressive offering, the company has surprisingly not garnered any awards to date. |
ThinkMarkets have won many industry awards over the years they have been running as an online trading platform. We list the most notable awards for ThinkMarkets below.
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gcm forex vs ThinkMarkets - Frequently Asked Questions
gcm forex vs ThinkMarkets - Headquarters And Year Of Founding
gcm forex was founded in 2017 and has its headquaters in USA.
ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.
What is the minimum deposit for ThinkMarkets or gcm forex
The minimum deposit for gcm forex is $250.
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 gcm forex and ThinkMarkets are a good option.
gcm forex vs ThinkMarkets - Regulation And Licencing In More Detail
gcm forex 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-F248.
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 gcm forex and ThinkMarkets have a strong set of rules for ensuring honest trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare gcm forex vs ThinkMarkets Commission And Fees
gcm forex and ThinkMarkets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are mainly 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight rates are people that are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither gcm forex or ThinkMarkets charge high fees in comparison to other online agents. For operations other agents charge for, they do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, for example weekly or daily trading.
However, non-trading fees charged by gcm forex and ThinkMarkets are comparatively higher. Consequently, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These aren't about the purchase and sale of resources.
This gcm forex vs ThinkMarkets review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For gcm forex And ThinkMarkets
What Languages Do gcm forex And ThinkMarkets Support?
Being able to communicate completely with your online platform is a key part of comparing online brokers to find the best broker. Not only for support but to be sure you understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you will find the languages that both gcm forex and ThinkMarkets support.
How Many Clients Do gcm forex and ThinkMarkets Have?
Both gcm forex and ThinkMarkets are well known and trusted. It is important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many clients gcm forex and ThinkMarkets are active on their platform
Broker | gcm forex | ThinkMarkets |
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Clients / Users | 142,500+ | 475,000+ |
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What Payment Methods Do gcm forex and ThinkMarkets Accept?
gcm forex 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 gcm forex and ThinkMarkets
What Can You Trade With gcm forex and ThinkMarkets?
gcm forex offers 131 trading instruments and ThinkMarkets offers 3500.
Below you will find a full breakdown of what both gcm forex and ThinkMarkets offer.
gcm forex Review
gcm forex vs ThinkMarkets:
Table Of Contents
- Compare gcm forex vs ThinkMarkets
- Benefits of gcm forex and ThinkMarkets Compared
- ThinkMarkets and gcm forex Mobile App Comparison
- gcm forex vs ThinkMarkets - Awards
- gcm forex vs ThinkMarkets - Frequently Asked Questions
- What is the minimum deposit for ThinkMarkets or gcm forex
- gcm forex vs ThinkMarkets - Regulation And Licencing In More Detail
- Compare Broker Fees For gcm forex And ThinkMarkets
- What Languages Do gcm forex And ThinkMarkets Support?
- How Many Clients Do gcm forex and ThinkMarkets Have?
- What Payment Methods Do gcm forex and ThinkMarkets Accept?
- What Can You Trade With gcm forex and ThinkMarkets?