Pepperstonevs
ThinkMarketsStock Broker Comparison
This comparison pits Pepperstone and ThinkMarkets against each other in the realm of stock CFDs, focusing on regulation, platform choice, and exchange access.
Our Verdict
Pepperstone winsby 0.1 pts
Pepperstone and ThinkMarkets are closely matched. The single clearest differentiator is ThinkMarkets' proprietary ThinkTrader platform.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1ThinkMarkets provides a proprietary ThinkTrader platform.
- 2ThinkMarkets offers phone support; Pepperstone does not.
- 3Pepperstone covers 8 exchanges; ThinkMarkets covers 12.
Who should choose Pepperstone vs ThinkMarkets?
Find out which stock broker best suits your investing profile.
Choose Pepperstone if…
Choose Pepperstone if you value a broad regulatory footprint and access to IRESS DMA for equity markets.
Choose ThinkMarkets if…
Choose ThinkMarkets if you want a proprietary platform and a mobile friendly ThinkTrader experience.
Verdict by Trader Profile
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
Best for safety & regulation
It’s a tie
Both equally suited
Pepperstone benefits from a broader multi-regulatory footprint.
Best for active traders
It’s a tie
Both equally suited
Pepperstone vs ThinkMarkets: Side-by-Side Stock Broker Comparison
 |  | |
|---|---|---|
| Editorial score | 3.9/ 5 | 3.8/ 5 |
| Min deposit | No minimum | No minimum |
| Spreads from | 0 pips▼ lower | 0.4 pips |
| Commission / lot | $7/lot | $7/lot |
Pepperstone vs ThinkMarkets Stock Broker Pros & Cons
Pros
- 1,000+ share CFDs on MT4, MT5, cTrader, and TradingView, same account as forex
- FCA, ASIC, CySEC, BaFin, and DFSA regulated, deepest multi-regulatory profile among ECN brokers
- IRESS available for DMA access to ASX and global equity markets
- Transparent commission structure on share CFDs (0.07%/side, min £7 on UK shares)
Cons
- 1,000+ stock selection narrower than CMC Markets (10,000+) or dedicated stockbrokers
Pepperstone vs ThinkMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Pepperstone
criteria wins
1
ThinkMarkets
criteria win
Highlighted rows show where the two brokers differ
| Criteria | Pepperstone | ThinkMarkets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Pass |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Pass | Pass |
| Phone support | Fail | Pass |
Pepperstone vs ThinkMarkets: Frequently Asked Questions
The scores are close: Pepperstone rates 3.9/5 and ThinkMarkets rates 3.8/5. Pepperstone 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.
Pepperstone lists tighter spreads from 0, compared with ThinkMarkets's 0.4. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
Neither Pepperstone nor ThinkMarkets requires a minimum deposit, making both accessible regardless of starting capital.
Both Pepperstone 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.
Pepperstone lists maximum leverage of 20:1, while ThinkMarkets lists up to 20:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both Pepperstone and ThinkMarkets charge the same commission of $7 per trade on applicable accounts. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
Pepperstone 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. Pepperstone has exclusive access to cTrader and IRESS. ThinkMarkets has exclusive access to Proprietary Web/Mobile.
Neither Pepperstone nor ThinkMarkets is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
Both Pepperstone and ThinkMarkets are covered by a compensation scheme according to our data, providing an additional safety net for your stock investments. Confirm the specific scheme and coverage limit that applies to your account before depositing.
