OANDAvs
ThinkMarketsForex Broker Comparison
Two established brokers face off on regulation, costs, and platform choice. The gap centers on regulatory breadth and raw spread access versus instrument variety and account features.
Our Verdict
OANDA winsby 0.4 pts
OANDA leads on the editorial score (4.6 vs 4.2) and regulator breadth, beating ThinkMarkets.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1ThinkMarkets offers 4000 instruments vs OANDA's 70.
- 2ThinkMarkets offers raw spreads; OANDA does not.
- 3Leverage differs: ThinkMarkets 500:1 vs OANDA 50:1.
Who should choose OANDA vs ThinkMarkets?
Find out which broker best suits your trader profile.
Choose OANDA if…
Choose OANDA if you want US access and strong research support.
Choose ThinkMarkets if…
Choose ThinkMarkets if you want raw spreads and the ThinkTrader 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
ThinkMarkets offers tighter spreads from 0.40 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
OANDA vs ThinkMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.6/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.8 / 5▲ | 4.3 / 5 |
OANDA vs ThinkMarkets Forex Broker Pros & Cons
Pros
Available to US residents (NFA-registered)
Best-in-class research and economic data
No minimum deposit
MT4, MT5 and proprietary platforms
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
OANDA vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
OANDA
criteria wins
2
ThinkMarkets
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | OANDA | 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 |
OANDA vs ThinkMarkets: Frequently Asked Questions
The scores are close: OANDA rates 4.6/5 and ThinkMarkets rates 4.2/5. OANDA 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.
ThinkMarkets starts from 0.4 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Neither OANDA nor ThinkMarkets requires a minimum deposit, making both accessible regardless of starting capital.
Both OANDA 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, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
OANDA lists maximum leverage of 50:1, 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 OANDA are not currently available. Check their website for up-to-date pricing.
OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4, while ThinkMarkets supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and Proprietary Web/Mobile and TradingView and MetaTrader 4.
