FxPro vs ThinkMarkets 2026: Which Broker is Better?

Regulation & Safety

FxPro and ThinkMarkets are both reputable brokers headquartered in London, UK, and regulated by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). FxPro also holds regulation from CySEC, adding an extra layer of security for clients within the European Economic Area. This multi-jurisdictional regulation ensures that both brokers adhere to stringent financial standards, safeguarding client funds and maintaining transparency in operations.

Both brokers offer comprehensive fund protection schemes, including negative balance protection, which prevents clients from losing more than their initial deposit. However, FxPro's reputation as a more established entity since 2006 may provide additional assurance to risk-averse investors. Despite this, ThinkMarkets, founded in 2010, has quickly built a credible name in the market, focusing on providing robust security measures and a zero-minimum deposit policy, which is attractive for new traders.

Fees & Spreads

FxPro offers spreads starting from 0.6 pips on major forex pairs, making it slightly more expensive than ThinkMarkets, which provides spreads from 0 pips on its ThinkZero account. However, FxPro does not charge commissions on trades, which may offset its higher spreads for some traders. The minimum deposit at FxPro is $100, which could be a barrier for new traders, whereas ThinkMarkets requires no minimum deposit, providing greater accessibility.

ThinkMarkets charges a commission of 3.5 per side on the ThinkZero account, which might be a consideration for traders focused on minimising transaction costs. Both brokers offer competitive overnight fees, but specific rates can vary based on market conditions, so traders should check current rates before trading. FxPro's higher spreads may be mitigated by its no-dealing-desk execution, which can lead to faster trade execution compared to commission-based models.

Trading Platforms

Both FxPro and ThinkMarkets provide a diverse range of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to traders familiar with these industry standards. FxPro also offers its proprietary web and mobile platforms, which are noted for their user-friendly interface and advanced charting tools. ThinkMarkets features its proprietary ThinkTrader platform, known for its advanced trading tools and robust mobile app, providing a seamless trading experience on the go.

Who Should Choose FxPro?

• Traders seeking a broker with a long-established reputation and multiple regulations.
• Investors prioritising no-dealing-desk execution for potentially faster trades.
• Traders looking for a comprehensive platform suite, including proprietary options.
• Clients interested in forex and CFD trading without commission fees.

Who Should Choose ThinkMarkets?

• New traders attracted by a no-minimum deposit policy.
• Experienced traders seeking tight spreads starting from 0 pips on major pairs.
• Mobile traders looking for a robust trading app with advanced tools.
• Clients interested in trading cryptocurrencies in addition to traditional assets.

Our Verdict

For beginners, ThinkMarkets is the better choice due to its zero-minimum deposit and competitive spreads. For professional traders, FxPro's established reputation and no-commission structure make it an attractive option. In terms of fees, ThinkMarkets offers lower starting spreads, potentially making it a more cost-effective choice overall.