FXOpenvs
ThinkMarketsForex Broker Comparison
FXOpen and ThinkMarkets present a closely matched comparison on overall scores. The tension centers on regulation depth, fees, and platform choices.
Our Verdict
Too close to call
FXOpen and ThinkMarkets remain closely matched on trust, regulation, and cost. The single differentiator is instrument variety, with ThinkMarkets offering more tradable instruments.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1Phone support is available with ThinkMarkets, while FXOpen provides no phone support.
- 2ThinkMarkets lists about 4,000 instruments versus FXOpen’s roughly 700.
- 3ThinkMarkets provides proprietary ThinkTrader, while FXOpen lacks a proprietary platform.
Who should choose FXOpen vs ThinkMarkets?
Find out which broker best suits your trader profile.
Choose FXOpen if…
Choose FXOpen if you want triple regulation and low ECN commissions.
Choose ThinkMarkets if…
Choose ThinkMarkets if you want a wide instrument universe and a proprietary trading app.
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
FXOpen 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
FXOpen vs ThinkMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.3 / 5 |
FXOpen vs ThinkMarkets Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
FXOpen
criteria wins
2
ThinkMarkets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | 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 | Fail | Pass |
| Multilingual support | Pass | Pass |
FXOpen vs ThinkMarkets: Frequently Asked Questions
FXOpen and ThinkMarkets share the same editorial score of 4.2/5. One concrete differentiator: ThinkMarkets requires a lower minimum deposit.
FXOpen 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 FXOpen requires at least $100. This makes ThinkMarkets more accessible for traders with limited starting capital.
Both FXOpen 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.
FXOpen 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.
FXOpen charges $3 per lot, lower than ThinkMarkets's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. FXOpen has exclusive access to cTrader. ThinkMarkets has exclusive access to Proprietary Web/Mobile and TradingView.
