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Do you want to know which is the better broker between XTB and ThinkMarkets ?
In the table below, you can compare the features of XTB , ThinkMarkets side by side to determine the best fit for your needs.
EURUSD: 0.3
XAUUSD: 0.3
Long: -7.3
Short: 1.01
Long: -34.21
Short: 16.53
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of xtb, thinkmarkets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | UK |
Regulated by | CYSEC, CNMV and FCA |
Year(s) of establishment | 10-15 years |
Trading instruments | Forex pairs, indices, commodities, stocks, ETFs |
Minimum Initial Deposit | $0 |
Maximum Leverage | 1:30 |
Minimum spread | 0.35 pips onwards |
Trading platform | x Station 5 and x Station Mobile trading platforms |
Deposit and withdrawal method | bank transfers, credit cards and Skrill |
Customer Service | Email/phone number/address |
Fraud Complaints Exposure | Yes |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
XTB is regulated by top-tier authorities such as CYSEC, CNMV and FCA, which ensures the safety of client funds and compliance with industry standards.
Clients can enjoy commission-free trading with spreads as low as 0.25 pips, making it a cost-effective option for forex traders.
The xStation 5 and xStation Mobile platforms provide a user-friendly and advanced trading experience, with multiple technical analysis tools and charting options.
A wide range of educational resources is available, such as market news, sentiment indicators, and eBooks, making it ideal for beginner traders who want to improve their trading skills.
Cons:
XTB only offers a standard account type, with no information provided about the minimum deposit required to open an account.
The maximum leverage offered is only up to 1:30, which may not be ideal for high-risk traders who want to take larger positions in the market.
Withdrawals of less than 100 USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee, which can be a disadvantage for clients with smaller accounts.
Customer support is not available 24/7 and is only offered in a limited number of languages.
Advantages | Disadvantages |
XTB offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, XTB has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
XTB is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, XTB acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that XTB has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with XTB or any other MM broker.
XTB is a UK registered online forex and CFD broker that is regulated by the FCA, CYSEC, and CNMV. The company offers trading in a range of financial instruments including forex pairs, indices, commodities, stocks, and ETFs. XTB provides its clients with advanced trading platforms, educational resources, and a variety of payment methods. The broker also offers competitive spreads with zero commissions and has a maximum leverage of 1:30.
In the following article, we will analyse the characteristics of this broker in all its dimensions, providing you with easy and well-organised information. If you are interested, read on.
Advantages | Disadvantages |
Wide range of tradable assets | Limited selection of cryptocurrencies |
Opportunity to diversify | Some instruments may have low liquidity |
Access to multiple markets | Not all assets may be available in all regions |
XTB offers a diverse range of instruments for traders to choose from, including forex pairs, indices, commodities, stocks, and ETFs. This presents a great opportunity for traders to diversify their portfolio and access multiple markets all within one platform. The wide selection of tradable assets ensures that there are plenty of options available for traders with varying strategies and preferences. However, it's important to note that some of the instruments may have low liquidity and there is a limited selection of cryptocurrencies available. Additionally, not all of the assets may be available in all regions, which could limit access for some traders. Overall, XTB's instrument dimension provides traders with a comprehensive selection of tradable assets, but it's important to research each asset's liquidity and availability before trading.
Advantages | Disadvantages |
Zero commission | |
Competitive spreads starting from 0.25 pips | |
No hidden fees or additional charges |
XTB offers a single account type with zero commission and competitive spreads starting from 0.25 pips, making it an attractive option for traders looking for low trading costs. There are no hidden fees or additional charges, providing transparency and ease of understanding for traders.
Advantages | Disadvantages |
No commission | Only one account type |
Low spreads | Minimum deposit not revealed |
Wide range of trading instruments |
XTB offers only one standard account type, which doesn't charge any commission and offers competitive spreads from 0.35 pips. This account type also provides access to a wide range of trading instruments, including forex pairs, indices, commodities, stocks, and ETFs. However, the minimum deposit requirement for this account type is not revealed, which can be a disadvantage for traders who are looking for transparency in terms of account funding. Additionally, the lack of account type options might not suit the needs of more advanced traders who require different trading conditions or access to additional features. Overall, the account type provided by XTB has its benefits in terms of low costs and diverse trading instruments, but it might not be suitable for all types of traders.
Advantages | Disadvantages |
Advanced charting tools | Limited platform options |
Customizable interface | Limited mobile app features |
Fast execution speed | No third-party platform support |
One-click trading |
X-Trade Brokers (XTB) provides its clients with two main trading platforms - xStation 5 and xStation Mobile. xStation 5 is a highly advanced platform with a customizable interface and advanced charting tools. The platform also offers fast execution speeds and one-click trading functionality. On the other hand, the xStation Mobile platform offers limited features compared to the desktop version. The mobile platform lacks advanced charting tools and other important features, limiting its functionality for traders who prefer to trade on-the-go. Additionally, XTB only offers its proprietary platforms and does not support any third-party trading platforms, which could be a disadvantage for some traders.
You can watch their video tutorial about this platform on their official YouTube channel.
Advantages | Disadvantages |
Allows for greater market exposure with a smaller initial investment | High leverage can lead to substantial losses if not managed properly |
Provides potential for higher returns | Trading with high leverage increases the risk of margin calls |
Enables traders to diversify their portfolio | Not suitable for all types of traders, especially beginners |
Allows for more flexibility in trading strategies | May require higher margin requirements and affect trading profitability |
XTB offers a maximum leverage of up to 1:30 which is a standard leverage amount in the industry, especially in the European Union. The maximum leverage allows traders to increase their market exposure with a smaller initial investment and has the potential to generate higher returns. However, traders need to be aware that high leverage also carries a higher risk of substantial losses, and should only be used by experienced traders who have a good understanding of risk management strategies. Moreover, it may not be suitable for all types of traders, especially beginners who may find it difficult to manage the increased risk. Overall, the maximum leverage offered by XTB can be beneficial for traders who have experience in managing risk and are comfortable with high leverage trading.
Advantages | Disadvantages |
Multiple deposit methods | High fee for withdrawals smaller than specified limit |
No fees for deposits | Limited number of withdrawal methods |
Fast deposit processing | Withdrawals may take up to 3 business days |
Secure transactions | Minimum deposit amount not disclosed |
No hidden charges |
XTB offers a range of deposit methods including bank transfers, credit cards and Skrill. They do not charge any fees for deposits and process them quickly. However, withdrawals smaller than 100USD, 80 EUR, 60 GBP or 12000 HUF will be charged a high fee of around 20USD/16EUR/12GBP. The number of withdrawal methods is limited, and withdrawals may take up to 3 business days. XTB ensures secure transactions and does not have any hidden charges. However, the minimum deposit amount is not disclosed.
Advantages | Disadvantages |
Wide range of educational resources including economic calendar, market news, articles, eBooks, and more | Some resources may be basic and not useful for experienced traders |
Free to access | Limited interaction and personalization with educational resources |
Provides opportunities for traders to improve their trading skills and knowledge | No structured or formal education programs offered |
Regularly updated with the latest market news and analysis | No physical or in-person educational events or seminars offered |
Offers a demo account for traders to practice their skills and strategies before trading with real money |
XTB provides a wide range of educational resources for traders to improve their trading skills and knowledge. These resources include an economic calendar, market news, market sentiment, articles, eBooks, and more. These resources are free to access and provide opportunities for traders to improve their trading strategies and knowledge. The platform also offers a demo account for traders to practice their skills and strategies before trading with real money. While some resources may be basic and not useful for experienced traders, XTB regularly updates their resources with the latest market news and analysis. However, there are no structured or formal education programs or physical/in-person events or seminars offered, and there is limited interaction and personalization with educational resources.
Advantages | Disadvantages |
24/5 customer support | No 24/7 customer support |
Multiple contact options | |
Dedicated account opening line | No live chat support |
UK and Poland-based offices |
XTB offers multiple customer support options, including 24/5 customer service through their UK and Poland-based offices. Clients can reach XTB's customer support team through various contact methods such as email, phone, and online messaging. Additionally, the company provides dedicated account opening lines for new clients. However, it is important to note that XTB does not offer 24/7 customer support, and phone support may be limited. Moreover, the company does not offer live chat support and email support may also be limited.
Overall, XTB is a well-regulated and reputable forex broker with several years of experience in the industry. The company offers a wide range of tradable assets, competitive spreads, and a user-friendly trading platform with advanced features. The educational resources provided by XTB are also a valuable asset for both novice and experienced traders. However, the limited account options and high withdrawal fees for small amounts may be a disadvantage for some traders. The customer support offered by XTB is efficient and available 24/5, and the company has a physical presence in several locations around the world. The maximum leverage offered by XTB is limited to 1:30, which may not be suitable for some high-risk traders. Overall, XTB is a solid choice for traders looking for a regulated and reliable forex broker.
What are the trading instruments available at XTB?
Answer: XTB offers forex pairs, indices, commodities, stocks, and ETFs.
What type of account is available at XTB?
Answer: XTB only offers a standard account with a minimum deposit not revealed.
What is the maximum leverage offered by XTB?
Answer: XTB offers a maximum leverage of up to 1:30.
What are the deposit and withdrawal methods available at XTB?
Answer: XTB offers bank transfers, credit cards, and Skrill for deposits and withdrawals.
What are the fees associated with withdrawals at XTB?
Answer: Withdrawals smaller than 100 USD, 80 EUR, 60 GBP, or 12000 HUF will be charged a high fee of around 20 USD/16 EUR/12 GBP.
What trading platforms are available at XTB?
Answer: XTB offers the x Station 5 and x Station Mobile trading platforms.
What educational resources are available at XTB?
Answer: XTB provides a series of educational resources such as economic calendar, market news, market sentiment, articles, eBooks, and more.
Is XTB regulated?
Answer: XTB is under multiple regulation, including CYSEC, FCA, and CNMV.
Does XTB offer a demo account?
Answer: Yes, XTB offers demo accounts.
Does XTB charges commission?
Answer: No, XTB provides a commission-free trading.
What is the minimum deposit for XTB?
Answer: XTB requires $250 for clients t trade with it.
What is the difference between a demo and a live trading account?
Answer: A demo account is an account funded with virtual money that allows for risk-free trading while a live trading account requires actual capital.
What is the overall rating for XTB ?
Answer: The overall rating for XTB is 6.63/10 based on its Regulatory index, Risk Management index, Software index, Business index, License Index.
Registered in | Australia |
Regulatory status | FCA of the United Kingdom, CYSEC of Cyprus, ASIC of Australia and FSA of Seychelles. |
Year(s) of incorporation | 10-15 years |
Market instruments | Currency pairs, stocks, commodities, precious metals, energies, indices, cryptocurrencies... |
Minimum initial deposit | $500 / $0 |
Maximum leverage | 1:500 |
Minimum spread | From 0.0 pips |
Trading platform | MetaTrader5, MetaTrader4, proprietary platform |
Deposit and withdrawal methods | Credit/debit cards, skrill, neteller, cryptocurrencies |
Customer Service | E-mail/phone number/address/live chat |
Fraud allegations | Not yet |
This is a promotional video provided by the ThinkMarkets YouTube channel.
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
- It offers a wide variety of financial instruments for trading.
- It has several trading platforms, including MetaTrader4, MetaTrader5 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 for traders.
- It does not charge commissions for deposits or withdrawals.
Cons:
- Fees on the ThinkZero account can be high.
- The minimum deposit for the ThinkZero account is $500, which may be an obstacle for some traders.
- The standard account has wider spreads than the ThinkZero account.
- The regulation of the company is not clearly specified.
- Educational resources may be too basic for advanced traders.
Dimension | Advantages | Disadvantages |
Broker Model | ThinkMarkets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' transactions, ThinkMarkets has a potential conflict of interest that can lead to decisions that are not in the best interest of clients. |
ThinkMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, ThinkMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that ThinkMarkets has a certain conflict of interest with its clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with ThinkMarkets or any other MM broker.
ThinkMarkets is a forex and CFD broker founded in Australia in 2010. The company has multiple regulations, including the UK FCA, Cyprus CYSEC, Australia ASIC and Seychelles FSA. This means that traders can be confident that ThinkMarkets meets strict safety and regulatory standards in all jurisdictions where it operates.
Advantages | Disadvantages |
Wide variety of trading instruments available | Does not offer trading in some specific markets |
Includes cryptocurrencies, stocks, indices and futures. | Some instruments have a higher than average spread |
Access to international markets with a single account | Batch sizes vary according to the instrument |
Portfolio diversification and hedging opportunities | Trading of some instruments may be limited |
ThinkMarkets offers a wide variety of trading instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures. Traders can access international markets from a single account, providing the opportunity to diversify and protect their portfolios.
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However, some instruments may have a higher than average spread, and lot sizes may vary from instrument to instrument. In addition, trading of some instruments may be limited in certain geographic regions. Overall, the wide range of trading instruments available is an important advantage of ThinkMarkets, but it is important to be aware of the possible limitations and additional costs associated with some instruments.
Advantages | Disadvantages |
Standard account without commissions | Higher spreads on standard account |
Low spreads on ThinkZero account | Commission on ThinkZero account |
Account options for traders of any level | Minimum deposit of $500 in ThinkZero account |
At ThinkMarkets, the costs associated with trading vary depending on the type of account. On the standard account, the average spread is 1.2 pips and there are no commissions, which makes it a good choice for beginner traders or those looking for a low-cost account. On the other hand, in the ThinkZero account, the average spread is 0.1 pips, but a commission of $3.5 per side is charged, which makes it more suitable for more experienced traders and larger scale trades.
Advantages | Disadvantages |
Standard Account: low minimum deposit | Standard Account: higher spreads |
Standard Account: no commissions | ThinkZero Account: high minimum deposit |
ThinkZero account: tight spreads | ThinkZero Account: commissions |
ThinkZero account: maximum lot size | |
Both accounts: leverage of 1:500 | |
Both accounts: 24/7 customer service |
ThinkMarkets also offers a demo account for traders to test the platform and its services without risk.
ThinkMarkets offers its clients two trading account options: the Standard Account and the ThinkZero Account. The Standard Account is suitable for beginner traders or those who wish to trade with a low minimum deposit without having to worry about commissions. This account offers average spreads of 1.2 pips and does not charge commissions on trades. On the other hand, the ThinkZero Account is ideal for more experienced traders looking for tight spreads and low trading costs. This account has average spreads of 0.1 pips and charges a commission of $3.5 per lot traded. Both accounts have leverage up to 1:500 and offer 24/7 customer support via live chat, email and phone.
Advantages | Disadvantages |
MetaTrader4 is a widely used trading platform with a wealth of technical analysis resources. | MetaTrader4 is not the most advanced trading platform available on the market. |
MetaTrader5 offers additional features, such as the ability to trade futures and options. | MetaTrader5 may have a steeper learning curve for new traders |
ThinkTrader is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience. | ThinkTrader may have fewer technical analysis resources compared to MetaTrader4 and MetaTrader5. |
All three trading platforms offer fast and reliable execution of trades. | By offering three different platforms, it can be overwhelming for traders to choose the right platform for their needs. |
ThinkMarkets offers its clients three different trading platforms: MetaTrader4, MetaTrader5 and ThinkTrader. 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. MetaTrader5 is the most advanced MetaTrader trading platform, with additional features such as the ability to trade futures and options. ThinkTrader, on the other hand, is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience with advanced features, an intuitive interface and full customization.
Advantages | Disadvantages |
Possibility of making significant profits with a low initial investment | Increased risk of significant losses if the market moves against the trader |
Increases flexibility and trading opportunities | Increased exposure to market risk and unexpected events |
Allows traders to diversify their trading portfolio | Can lead to over-leveraging and over-exposure to risks |
Allows traders to maximize their earning potential in favorable market conditions | Requires adequate risk management to avoid significant losses |
Ideal for experienced traders who can handle high level of risk | Not suitable for inexperienced traders or traders who do not fully understand the risk associated with 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, 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.
Advantages | Disadvantages |
Multiple deposit and withdrawal options, including bank transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. | ThinkMarkets may pass on charges from third-party vendors to customers, which could result in additional costs. |
ThinkMarkets does not normally charge commissions for deposits or withdrawals. | Third party payments are not allowed. |
ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. | |
Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. |
ThinkMarkets offers multiple deposit and withdrawal options for its clients, including bank wire transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. Third-party payments are not allowed and ThinkMarkets does not normally charge deposit or withdrawal fees. In addition, ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. However, ThinkMarkets may pass on charges from third party providers to customers, which could result in additional costs.
ThinkMarkets offers a wide range of educational resources to its clients, including news, technical analysis, webinars, articles and more. These resources are available for free and are of high quality, which can be very useful for traders of all experience levels. In addition, the platform offers tools such as charts and an economic calendar that can help traders make informed decisions in the market. It also offers a structured and organized section in the form of courses, which can be an advantage for novice traders looking for more structured guidance. In addition, while the educational resources are accessible to all ThinkMarkets clients, there is no online community for traders to interact and share experiences.
Advantages | Disadvantages |
24/7 multilingual support | No waiting time specified in live chat |
Various forms of contact (e-mail, phone, live chat) | No support through social networks |
Support available for technical and account issues | It is not specified whether there is a dedicated team for trading or financial education questions. |
ThinkMarkets offers robust and accessible customer service through a variety of channels, including email, telephone and live chat, all available 24 hours a day, 7 days a week. The availability of multilingual support is especially helpful for customers around the world. In addition, the support team is trained to handle a wide range of problems, including technical and account issues. However, the wait time on live chat is not specified, which can be a source of frustration for some customers. In addition, there is no social media support and it is not specified whether there is a dedicated team for trading or financial education questions.
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.
Question: How can I open an account with ThinkMarkets?
Answer: You can open an account with ThinkMarkets through their official website. Simply click on “Register” and follow the steps provided.
Question: What types of accounts does ThinkMarkets offer?
Answer: ThinkMarkets offers two types of accounts: the standard account and the ThinkZero account.
Question: What payment methods are available for depositing and withdrawing funds into my account?
Answer: Available payment methods include bank transfer, credit/debit cards (Visa and Mastercard), cryptocurrencies, Skrill and Neteller.
Question: What assets can I trade at ThinkMarkets?
Answer: ThinkMarkets offers a wide variety of financial instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures.
Question: What is the maximum leverage offered by ThinkMarkets?
Answer: ThinkMarkets offers a maximum leverage of 1:500.
Question: What educational resources are available on ThinkMarkets?
Answer: ThinkMarkets offers a wealth of educational resources such as news, economic calendar, technical analysis, webinars, articles, glossary, indicators, charts and reports.
Question: What security measures does ThinkMarkets have in place to protect my funds and personal data?
Answer: ThinkMarkets uses state-of-the-art encryption technology to protect your personal and financial data. In addition, your funds are held in segregated accounts to ensure their safety in the event of company insolvency.
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 xtb and thinkmarkets are, we first considered common fees for standard accounts. On xtb, the average spread for the EUR/USD currency pair is from 0.35 pips, while on thinkmarkets the spread is From 0.
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.
xtb is regulated by CYSEC,FCA,CNMV. thinkmarkets is regulated by ASIC,FSA,FCA,CYSEC,FSA,FSCA.
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.
xtb provides trading platform including STANDARD and trading variety including Forex, Commodities, Indices, Stock CFDs, ETF CFDs. thinkmarkets provides trading platform including ThinkZero,Standard and trading variety including --.