ThinkMarkets vs TPFx Forex Broker Comparison
A head-to-head comparison of ThinkMarkets and TPFx across regulation, trading costs, platforms, and editorial scoring.
Score 4.2 / 5
2 bonusesNo minimum deposit on standard account, a highly rated ThinkTrader mobile app, and JFSA regulation for Japanese clients.
VS
A fully BAPPEBTI-licensed and OJK-registered Indonesian broker, offering domestic traders compliant access to forex and commodity futures markets.
Our Verdict
ThinkMarkets winsby 0.5 pts
ThinkMarkets edges ahead with a score of 4.2/5 vs TPFx's 3.7/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 0.4 pips vs 1.5 pips for TPFx, reducing trading costs.
Best for safety & regulation
Recommended
ThinkMarkets has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
ThinkMarkets has a cost edge: tighter spreads from 0.4 pips.
Best for platform choice
Recommended
ThinkMarkets offers more exclusive platform options: MetaTrader 4, TradingView, a proprietary platform.
Best for beginners
Recommended
ThinkMarkets edges out TPFx with a higher editorial score (4.2/5 vs 3.7/5), indicating a stronger overall experience for new traders.
ThinkMarkets vs TPFx: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5▲ | 3.7 / 5 |
Fees & Spreads 30% weight | 4.2 / 5▲ | 3.7 / 5 |
Platforms & Tools 20% weight | 4.2 / 5▲ | 3.7 / 5 |
Customer Support 10% weight | 4.0 / 5▲ | 3.7 / 5 |
| Founded | 2010 | 2010 |
| Headquarters | London, United Kingdom | Jakarta, Indonesia |
| Min deposit | No minimum | $60 |
| Spreads from | 0.4 pips | 1.5 pips |
| Commission / lot | $7/lot | N/A |
| Max leverage | 500:1 | 100:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA ASIC JFSA | BAPPEBTI OJK |
| Platforms | MetaTrader 4 MetaTrader 5 Proprietary Web/Mobile TradingView | MetaTrader 5 Proprietary Web/Mobile |
| Active bonuses | ||
| Visit broker | Visit ThinkMarkets | Visit TPFx |
ThinkMarkets vs TPFx Forex Broker Pros & Cons
Pros
No minimum deposit on standard ThinkForex account
ThinkTrader proprietary app is well-reviewed for mobile trading
JFSA regulation for Japanese clients
Strong multi-region regulatory coverage
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BAPPEBTI-licensed and OJK-registered - full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
ThinkZero account requires $500 minimum deposit
Standard account is spread-only and not competitive for scalpers
Not available to US residents
Cons
Only available to Indonesian residents - no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
ThinkMarkets vs TPFx: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
ThinkMarkets
criteria wins
0
TPFx
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | ThinkMarkets | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| 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 | Pass | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
ThinkMarkets vs TPFx: Frequently Asked Questions
Based on our independent editorial scoring, ThinkMarkets ranks higher with a score of 4.2/5 vs 3.7/5 for TPFx. The best choice still depends on your individual trading needs; ThinkMarkets and TPFx may each suit different trader profiles.
ThinkMarkets offers tighter spreads starting from 0.4 pips, compared to TPFx's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
ThinkMarkets has a lower minimum deposit of no minimum required, while TPFx requires at least $60. This makes ThinkMarkets more accessible for traders with limited starting capital.
ThinkMarkets holds top-tier regulation (FCA, FSCA, ASIC), providing stronger investor protections. TPFx may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: ThinkMarkets has a lower minimum deposit (no minimum), lowering the barrier to entry; ThinkMarkets offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
ThinkMarkets offers maximum leverage of 500:1, while TPFx offers up to 100:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
ThinkMarkets charges $7 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
ThinkMarkets supports MetaTrader 4, MetaTrader 5, Proprietary Web/Mobile, TradingView and TPFx offers MetaTrader 5, Proprietary Web/Mobile; both support MetaTrader 5, Proprietary Web/Mobile; ThinkMarkets exclusively offers MetaTrader 4, TradingView.
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Score 3.7 / 5
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