FP Markets
ThinkMarkets
VS
Higher Rated
ThinkMarkets
Capital at risk · T&Cs apply
In this broker comparison, we examine FP Markets and ThinkMarkets, two well-regarded trading platforms offering diverse market access including forex, CFDs, and cryptocurrencies. A key difference lies in their regulatory oversight, with FP Markets regulated by ASIC, while ThinkMarkets holds dual regulation from both the FCA and ASIC, appealing to traders seeking robust regulatory frameworks. FP Markets is suited for cost-conscious traders with its low minimum deposit and access to TradingView, whereas ThinkMarkets attracts traders looking for flexibility with no minimum deposit and a proprietary platform offering advanced tools.
FP Markets
ThinkMarkets
| FP Markets | ThinkMarkets | |
|---|---|---|
| BrokerRank Score | 3.8/5 | 3.9/5 ✓ |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | FCA, ASIC |
| Platforms | MT4, MT5, TradingView | MT4, MT5, Proprietary Web |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.8/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
ThinkMarkets
WinnerFP Markets
Lower feesThinkMarkets
FP Markets operates under the oversight of the Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), providing a respectable level of regulatory assurance. ASIC is known for its stringent requirements, ensuring that client funds are segregated and protected under Australian law. CySEC adds an additional layer of security, adhering to European Union directives. This dual regulation framework makes FP Markets a reliable choice for traders concerned with financial safety.
Conversely, ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK and ASIC in Australia. The FCA is one of the most reputable financial regulators globally, known for its rigorous standards and consumer protection measures. This regulation ensures that client funds are held in segregated accounts, offering a high level of security. The presence of both FCA and ASIC regulation enhances ThinkMarkets' credibility, appealing to those prioritising regulatory oversight.
FP Markets offers competitive fee structures, with spreads starting from 0.0 pips on its Raw account. The commission for this account is USD 3 per lot, which is quite attractive for high-frequency traders. The minimum deposit requirement is USD 100, making it accessible for most retail traders. However, traders should be mindful of potential overnight fees, which can vary depending on the asset class.
ThinkMarkets also provides tight spreads, beginning from 0.0 pips on its ThinkZero account, with a slightly higher commission of USD 3.5 per lot. A significant advantage is the absence of a minimum deposit requirement, which is ideal for beginners and those wishing to test the waters before committing substantial funds. As with FP Markets, overnight fees apply, and traders should consider these when planning their trading strategies.
FP Markets supports a range of platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, and its proprietary mobile platform. This versatility allows traders to choose according to their preferences, with TradingView offering advanced charting capabilities. ThinkMarkets provides MT4, MT5, and its proprietary ThinkTrader platform, which is praised for its advanced tools and efficient mobile app. Both brokers offer robust platforms, but ThinkMarkets' ThinkTrader is particularly noted for its user-friendly interface and analytical tools.
For beginners, ThinkMarkets is the better choice due to its no minimum deposit requirement and FCA regulation. For professional traders, FP Markets offers lower commissions and TradingView integration. On fees, FP Markets edges ahead with slightly lower commissions.
FP Markets
3.8/5
Choose FP Markets if you want…
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
ThinkMarkets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs ThinkMarkets's 3.9/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
FP Markets offers spreads from 0 pips, while ThinkMarkets starts at 0 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. ThinkMarkets requires $0.
FP Markets is regulated by ASIC, CySEC, while ThinkMarkets holds licences from FCA, ASIC.
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.