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ThinkMarkets , BINANCE JEX Broker Comparison

Do you want to know which is the better broker between ThinkMarkets and BINANCE JEX ?

In the table below, you can compare the features of ThinkMarkets , BINANCE JEX side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
  • Rating
  • Basic Information
  • Trading Env.
  • Account Info
  • Related News
  • Relevant Exposures
 2 / 3  forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Swap
Swap Rating
  • Average Trading Cost
  • (EURUSD)
  • Average Trading Cost
  • (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
ThinkMarkets
7.75
Regulated
Under guarantee
10-15 years
ASIC,FCA,CYSEC,FSCA,FSA,FSA
Swift,Skrill,MPesa,UPI,MASTER,Apple Pay,Crypto,Indian Net Banking,Neteller,Google Pay,VISA,Mobile Money Ghana,Mashreq Bank
AA
B
492
4
4
83
1763
1628
1763
B

EURUSD: 1

XAUUSD: -3.1

3
--
3
AAA
--
1.31 USD/Lot
C

Long: -8.07

Short: 0.55

Long: -53.77

Short: 21.78

AAA
0.1
25.5
Standard,ThinkTrader,ThinkZero
Forex, commodities, indices, crypto, stocks, ETFs and futures
$250
1:500
from 0.4
50.00
--
--
--
BINANCE JEX
1.56
Not Regulated
Under guarantee
--
5-10 years
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
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--
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ThinkMarkets BrokerRelated News

ThinkMarkets 、 BINANCE JEX BrokerRelevant Exposures

Which broker is more reliable?

To evaluate a broker's reliability and trustworthiness, consider the following four factors:

1.Forex broker introduction。

2.Do thinkmarkets and binance-jex have lower transaction costs?

3.Which broker is safer?

4.Which broker offers the best trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

thinkmarkets
Quick ThinkMarkets Review Summary
Founded in1999
Registered inAustralia
Regulatory StatusASIC, FSA, FCA, CySEC, FSA (Offshore)
Market Instruments4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, gold
Demo Account
Islamic Account
Account TypeStandard, ThinkTrader, ThinkZero
Min Deposit$50
Max Leverage1:500
EUR/USD SpreadFloating around 0.8 pips
Trading PlatformThinkTrader, TradingView, MT4/5
Social/Copy Trading
Payment MethodsSwift, cryptos, Visa, MasterCard, Apple Pay, Google Pay, Neteller, Skrill, UPI, Indian Net Banking, Mpesa, Mobile Money Ghana
Deposit & Withdrawal Fee
Customer Support24/7 live chat, contact form
Tel: +44 203 514 2374 (UK), +248 4373952 (SY)
Email: support@thinkmarkets.com
Regional RestrictionsThe United States, Canada, Bermuda the European Union, Australia, United Kingdom, Russia and Japan

Founded in 1999, ThinkMarkets is a regulated broker registered in Australia, offering trading in 4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, and gold with leverage up to 1:500 and spread floating from 0.0 pips via ThinkTrader, TradingView, and MT4/5 platforms. Demo accounts are available and the minimum deposit requirement to open a live account is only $50.

ThinkMarkets' homepage

ThinkMarkets Pros and Cons

Pros:

  • - It offers a wide variety of financial instruments for trading.
  • - It has several trading platforms, including MetaTrader4, MetaTrader5, TradingView and ThinkTrader.
  • - It offers a ThinkZero account with ultra-low spreads and high execution speed.
  • - The customer service team is multilingual and available 24/7.
  • - It has a wide range of educational resources (academy, glossary, videos) for traders.
  • - It does not charge commissions for deposits or withdrawals.

Cons:

  • - The minimum deposit for the ThinkZero account is $500, which may be an obstacle for some traders.
  • - Educational resources may be too basic for advanced traders.
  • - Clients from the United States, Canada, Bermuda the European Union, Australia, United Kingdom, Russia and Japan are not allowed.

Is ThinkMarkets Legit?

ThinkMarkets has multiple regulations, including Australia Securities & Investment Commission (ASIC), Financial Services Agency (FSA) in Japan, Financial Conduct Authority (FCA) in the UK, Cyprus Securities and Exchange Commission (CySEC), and offshore regulated by the Seychelles Financial Services Authority (FSA).

Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense Number
Australia
ASICRegulatedTF GLOBAL MARKETS (AUST) PTY LTDMarket Making (MM)424700
Japan
FSARegulatedTF Global Markets Japan 株式会社Retail Forex License関東財務局長(金商)第250号
UK
FCARegulatedTF Global Markets (UK) LimitedStraight Through Processing (STP)629628
Cyprus
CySECRegulatedTF Global Markets (Europe) Ltd (ex A-Conversio Capital Ltd)Straight Through Processing (STP)215/13
Seychelles
FSAOffshore RegulatedTF Global Markets Int LtdRetail Forex LicenseSD060
Regulated by ASIC
Regulated by FSA
Regulated by FCA
Regulated by CySEC
Offshore regulated by FSA

Market Instruments

ThinkMarkets offers 4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, and gold.

Trading AssetsAvailable
CFDs
Forex
Indices
Commodities
Cryptocurrencies
Stocks
ETFs
Futures
Gold
Bonds
Options
Market Instruments

Trading Accounts

ThinkMarkets offers its clients three live account options: the Standard Account, the ThinkTrader Account, and the ThinkZero Account.

Account TypeTradable AssetsBase CurrenciesMin DepositSpreadTrading Platforms
StandardForex, commodities, indices, crypto, stocks, ETFs and futuresUSD, AUD, GBP, EUR, SGD, CHF$250From 0.4 pipsMT4/5
ThinkTraderForex, stocks, indices, commodities, crypto and ETFsUSD, AUD, GBP, EUR, NZD, SGD, CHF$50ThinkTrader, TradingView
ThinkZeroForex, commodities, indices, crypto, futures and stocksUSD, AUD, GBP, EUR, SGD, CHF$500From 0.0 pipsMT4/5
Account comparison

Besides, ThinkMarkets also offers the swap-free account, demo account, Joint account, and ThinkCopy account.

Trading Accounts

Leverage

Leverage is an important tool in forex trading, as it allows traders to increase their buying power and have access to greater trading opportunities. At ThinkMarkets, the maximum leverage offered is 1:500 for all account types, which means that traders can control a position up to 500 times the size of their account.

However, it is important to note that high leverage also carries a higher risk, as the potential losses are also multiplied by the same proportion. Therefore, it is important that traders understand the risks associated with high leverage and use appropriate risk management tools when trading with high levels of leverage.

Trading Platform

ThinkMarkets offers its clients four different trading platforms: MetaTrader4, MetaTrader5, TradingView and ThinkTrader.

Trading PlatformSupportedAvailable DevicesSuitable for
MT4Web, Desktop, MobileBeginners
MT5Web, Desktop, MobileExperienced traders
TradingViewWeb, Desktop, MobileBeginners
ThinkTraderWeb, Mobile/

MetaTrader4 is one of the most widely used trading platforms in the world and has earned a great reputation due to its ease of use and wide range of technical analysis tools and resources.

MT4

MetaTrader5 is the most advanced MetaTrader trading platform, with additional features such as the ability to trade futures and options.

MT5

TradingView is a premium business utility that offers a free demo of its trade charting platform. The app is simple for beginners and effective for technical analysis experts.

TradingView

ThinkTrader is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience with advanced features, an intuitive interface and full customization.

ThinkTrader

Deposit and Withdrawal: Methods and Fees

ThinkMarkets offers multiple deposit and withdrawal options for its clients, including Swift, cryptos, Visa, MasterCard, Apple Pay, Google Pay, Neteller, Skrill, UPI, Indian Net Banking, Mpesa, and Mobile Money Ghana.

Payment MethodAccepted CurrenciesFeeProcessing Time
Swift (Bank Wire Transfer)AUD, EUR, CHF, GBP, USD1-3 business days
CryptoBitcoin (BTC), Ether (ETH), Tether (USDT ERC-20 & TRC-20), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), EOS (EOS), DASH (DASH), USDC (USDC ERC-20), XRP (XRP), Binance Coin (BUSD)Instant
Visa/MasterCard (Credit Card)AUD, EUR, CHF, GBP, USD
Apple PayAUD, EUR, CHF, GBP, USD
Google PayUSD, EUR, GBP, JPY, AUD, CHF
NetellerUSD, EUR, GBP, JPY, AUD
SkrillAUD, EUR, CHF, GBP, USD
UPIINR
Indian Net Banking
MPesaKES
Mobile Money GhanaGHS
Funding methods 1
Funding methods 2
Withdrawal of funds rules

Conclusion

In summary, ThinkMarkets is a multi-regulated forex and CFD broker that offers a wide range of trading instruments with competitive spreads. The company also offers an advanced trading platform, 24-hour customer support and educational resources to help traders improve their trading skills and knowledge. If you are looking for a reliable and experienced broker in the market, ThinkMarkets is an excellent option to consider.

Frequently Asked Questions

What types of accounts does ThinkMarkets offer?

ThinkMarkets offers three types of accounts: the Standard account, the ThinkTrader account, and the ThinkZero account.

What payment methods are available for depositing and withdrawing funds into my account?

Available payment methods include Swift, cryptos, Visa, MasterCard, Apple Pay, Google Pay, Neteller, Skrill, UPI, Indian Net Banking, Mpesa, and Mobile Money Ghana.

What assets can I trade at ThinkMarkets?

ThinkMarkets offers a wide variety of financial instruments, including 4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, and gold.

What is the maximum leverage offered by ThinkMarkets?

ThinkMarkets offers a maximum leverage of 1:500.

binance-jex
AspectInformation
Registered Country/AreaChina
Founded Year2-5 years
Company NameBINANCE JEX
RegulationNo Regulation
Minimum DepositN/A
Maximum LeverageN/A
SpreadsN/A
Trading PlatformsApp (iOS and Android), Desktop Client, API integration
Tradable AssetsCryptocurrencies, Spot, Options, Futures
Account TypesN/A
Customer Support24/7 Chat Support, Email Support, Twitter, Facebook
Payment MethodsP2P Trading, Credit/Debit Card, Bank Transfer, Third-Party Payment Channels
Trading ToolsBinance Convert, Conversion History, Futures Grid, Trading Bots, Spot Grid, Binance OTC

General Information

Binance JEX is an unregulated cryptocurrency exchange. The platform offers a range of market instruments for trading, with fees varying depending on the type of trading instrument and discounts available for JEX token holders. Binance JEX supports multiple payment methods, including P2P trading, credit/debit card payments, bank transfers, and third-party payment channels.

Binance JEX provides trading platforms for both mobile and desktop devices, allowing users to trade on the go and stay informed about market updates. The exchange also offers API integration for third-party trading applications. To enhance security, Binance JEX provides the Binance Authenticator for 2-Step verification. The platform offers various trading tools such as Binance Convert, Futures Grid, Trading Bots, Spot Grid, and an OTC trading service.

Pros and Cons

ProsCons
Wide range of market instrumentsLack of regulatory oversight
Access to over 500 cryptocurrenciesPotential for market manipulation and fraudulent activities
Options, ETFs, and futures availabilityLimited information on lesser-known cryptocurrencies
Ability to engage with buy/sell offersRelatively low fee structure
Integration of JEX for expanded offeringsLimited customer protection and legal recourse options

Is BINANCE JEX Legit?

Binance JEX Exchange is currently not regulated by any valid regulatory authority.

regulation

Market Instruments

Binance JEX provides access to a range of market instruments, primarily focusing on cryptocurrency pairs. Traders can choose from over 500 cryptocurrencies, including popular options like BTC, ETH, and XRP, as well as lesser-known cryptos such as NEO, IOTA, and NavCoin.

The platform offers options for trading crypto coins like ETH/BTC, LTC/BTC, JEX/BTC, DASH/BTC, and others. Additionally, traders have access to options, ETFs, and futures. Binance JEX expanded its offerings through the acquisition of JEX, which is now integrated and rebranded as Binance Jex.

market-instruments

Transaction Fees

Binance JEX has a pricing schedule for transaction fees, which can be found on its website.

For crypto coin pairs like ETH/BTC, the maker fee is 0.10% and the taker fee is 0.10%. Users who hold JEX tokens receive a 50% discount on these fees.

When it comes to option trading, both makers and takers are charged a fee of 0.20%. Again, JEX token holders enjoy a 50% discount on these fees. The fees for ETF trading are the same as for options.

For futures trading, the fees differ based on the trading pairs. For BTCUSDT, the maker fee is 0.00% and the taker fee is 0.04%. For ETHUSDT, the maker fee is 0.01% and the taker fee is 0.06%.

Trading Platform

Users can trade on the go and stay informed about market updates with the Binance JEX app and desktop client.

For mobile trading, the Binance JEX app can be downloaded from the App Store for iOS devices or from Google Play for Android devices. The app allows traders to access all the features and functionality of Binance JEX on their smartphones or tablets.

For desktop trading, Binance JEX provides a powerful crypto trading platform that is compatible with Windows, MacOS, and Linux.

Trading Platform

Binance JEX also offers API integration, helping traders to connect their own trading applications to the platform. The Binance API is designed to provide a way to integrate trading functionality into third-party applications.

trading-platform

Trading Tools

Binance JEX offers a range of trading tools designed to enhance the trading experience and provide users with various strategies and options.

1. Binance Convert: Binance Convert allows users to instantly convert one cryptocurrency into another within their Binance JEX account. This tool helps exchange cryptocurrencies without the need for placing separate buy and sell orders.

trading-tools

2. Conversion History: Binance JEX keeps a record of users' conversion history, allowing them to track their previous cryptocurrency conversions. This feature provides a reference for users to review their conversion transactions.

3. Futures Grid: Binance JEX offers Grid Trading applied to COIN-M and USD-M contracts in the futures market. Grid Trading enables users to amplify their purchasing power by deploying long/short strategies and taking advantage of sideways markets. This tool helps users automate their futures trading and potentially benefit from market fluctuations.

4. Trading Bots: Binance JEX provides automation tools for trading cryptocurrencies. Users can deploy trading bots to execute trades based on predefined strategies. These bots help users identify and replicate trending strategies and take advantage of the liquidity available on Binance JEX. By using trading bots, users can trade crypto like professional traders.

5. Spot Grid: Spot Grid is a tool that allows users to place buying and selling orders at set intervals across a configured price range. By automating trades using Spot Grid, users can take advantage of volatile markets and potentially optimize their trading outcomes.

6. Binance OTC: Binance JEX offers an over-the-counter (OTC) trading service. OTC trading allows users to trade large volumes of cryptocurrencies directly with Binance, without going through the traditional order book. The OTC trading service provides a more personalized way to execute large trades.

trading-tools

7. OTC Trading History: Binance JEX keeps a record of users' OTC trading history, allowing them to track their previous OTC transactions and review the details of their trades.

trading-tools

Payment Methods

Binance JEX offers several payment methods for users to facilitate trading and transactions. These methods include:

1.P2P Trading: Binance JEX provides a peer-to-peer (P2P) trading platform where users can buy and sell cryptocurrencies directly with other users. P2P trading allows for the use of various payment methods, such as bank transfers, mobile payment apps, and online payment systems, depending on the preferences of the trading parties.

2. Credit/Debit Card: Binance JEX supports credit and debit card payments, allowing users to purchase cryptocurrencies using their cards. By linking their cards to their Binance JEX accounts, users can make instant purchases and quickly access the cryptocurrencies they desire.

3. Bank Transfer: Users can also make deposits and withdrawals on Binance JEX via bank transfers. This payment method enables users to transfer funds from their bank accounts to their Binance JEX accounts or vice versa.

4. Third-Party Payment Channels: Binance JEX may collaborate with third-party payment channels to provide additional payment options to its users. These channels can include various online payment systems, e-wallets, and mobile payment apps.

payment-methods

Customer Support

Users can also reach out to Binance JEX customer support by sending an email to service@email.jex.com.

FAQs

What trading platforms does Binance JEX offer?

Binance JEX offers a mobile app for iOS and Android devices, a desktop client for Windows, MacOS, and Linux, and API integration for connecting third-party trading applications.

What trading tools are available on Binance JEX?

Binance JEX offers tools such as Binance Convert for instant cryptocurrency conversion, Conversion History for tracking previous conversions, Futures Grid for automated futures trading, Trading Bots for executing predefined strategies, Spot Grid for automated trading in volatile markets, and Binance OTC for personalized large-volume trades.

What payment methods are accepted on Binance JEX?

Binance JEX supports P2P trading, credit/debit card payments, bank transfers, and may collaborate with third-party payment channels to offer additional options.

Do thinkmarkets and binance-jex have lower transaction costs?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive thinkmarkets and binance-jex are, we first considered common fees for standard accounts. On thinkmarkets, the average spread for the EUR/USD currency pair is from 0.4 pips, while on binance-jex the spread is --.

Which broker between thinkmarkets, binance-jex is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

thinkmarkets is regulated by ASIC,FCA,CYSEC,FSCA,FSA,FSA. binance-jex is regulated by --.

Which broker between thinkmarkets, binance-jex provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

thinkmarkets provides the Standard,ThinkTrader,ThinkZero platform with products like Forex, commodities, indices, crypto, stocks, ETFs and futures; binance-jex offers the -- platform featuring assets including --.

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