FP Marketsvs
ThinkMarketsForex Broker Comparison
FP Markets' true ECN pricing and broad platform coverage clash with ThinkMarkets' multi-regulatory footprint and flexible account options. The axis of tension is cost, platforms, and regulation.
Our Verdict
FP Markets winsby 0.3 pts
FP Markets is the higher-scoring editorially, with 4.5 versus ThinkMarkets' 4.2. This reflects stronger category scores across trust, fees, and platforms.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FP Markets offers 10,000 instruments while ThinkMarkets has 4,000.
- 2ThinkMarkets provides a proprietary platform; FP Markets does not.
- 3ThinkMarkets is regulated by JFSA for Japanese clients.
Who should choose FP Markets vs ThinkMarkets?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets for true ECN pricing with 0 pips and $6 per lot. You also access MT4/MT5 and cTrader.
Choose ThinkMarkets if…
Choose ThinkMarkets for a proprietary ThinkTrader platform. You also benefit from regulator coverage including JFSA.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0.00 pips vs 0.40 pips for ThinkMarkets, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FP Markets vs ThinkMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.3 / 5 |
FP Markets vs ThinkMarkets Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FP Markets
criteria wins
1
ThinkMarkets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | ThinkMarkets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
FP Markets vs ThinkMarkets: Frequently Asked Questions
The scores are close: FP Markets rates 4.5/5 and ThinkMarkets rates 4.2/5. FP Markets has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FP Markets starts from 0 pips, tighter than ThinkMarkets's 0.4 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ThinkMarkets has no minimum deposit, while FP Markets requires at least $100. This makes ThinkMarkets more accessible for traders with limited starting capital.
Both FP Markets and ThinkMarkets hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: ThinkMarkets has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
FP Markets lists maximum leverage of 500:1, while ThinkMarkets lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot, lower than ThinkMarkets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and TradingView and MetaTrader 4. FP Markets has exclusive access to cTrader and IRESS. ThinkMarkets has exclusive access to Proprietary Web/Mobile.
