FXCMvs
ThinkMarketsForex Broker Comparison
Two regulated FX brokers are compared on pricing, regulation, and platform options. FXCM and ThinkMarkets pull in different directions on cost and instrument reach, setting up a close call.
Our Verdict
ThinkMarkets winsby 0.1 pts
FXCM and ThinkMarkets are closely matched; ThinkMarkets benefits from raw spreads and a wider instrument base.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXCM has no raw spread option.
- 2ThinkMarkets offers a raw spread account.
- 3ThinkMarkets covers 4000 instruments versus FXCM's 400.
Who should choose FXCM vs ThinkMarkets?
Find out which broker best suits your trader profile.
Choose FXCM if…
Choose FXCM if you value FCA/ASIC regulation and strong API support.
Choose ThinkMarkets if…
Choose ThinkMarkets if you value raw spreads and broad instrument access.
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
It’s a tie
Both equally suited
Both brokers offer spreads from 0.40 pips.
Best for safety & regulation
It’s a tie
Both equally suited
FXCM vs ThinkMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.1/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.1 / 5 | 4.3 / 5▲ |
FXCM vs ThinkMarkets Forex Broker Pros & Cons
Pros
Strong APIs (REST, FIX)
Trading Station + MT4
FCA regulated
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
FXCM vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXCM
criteria wins
2
ThinkMarkets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXCM | 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 | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Fail | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | 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 |
FXCM vs ThinkMarkets: Frequently Asked Questions
The scores are close: FXCM rates 4.1/5 and ThinkMarkets rates 4.2/5. ThinkMarkets 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.
Both FXCM and ThinkMarkets start from 0.4 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
ThinkMarkets has no minimum deposit, while FXCM requires at least $50. This makes ThinkMarkets more accessible for traders with limited starting capital.
Both FXCM 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.
FXCM lists maximum leverage of 400:1, 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.
ThinkMarkets charges $7 per lot on commission-based accounts. Commission details for FXCM are not currently available. Check their website for up-to-date pricing.
FXCM supports ZuluTrade, Proprietary Web/Mobile, MetaTrader 4, NinjaTrader, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide Proprietary Web/Mobile and MetaTrader 4. FXCM has exclusive access to ZuluTrade and NinjaTrader. ThinkMarkets has exclusive access to MetaTrader 5 and TradingView.
