ThinkMarkets vs Firstrade 2026: Which Broker is Better?
Choosing between ThinkMarkets and Firstrade depends on your trading style, preferred markets, and budget. ThinkMarkets is headquartered in London, UK, while Firstrade operates from New York, USA. Firstrade has the longer track record, established in 1985, compared to ThinkMarkets which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
ThinkMarkets
Firstrade
| ThinkMarkets | Firstrade | |
|---|---|---|
| BrokerRank Score | 3.9/5 ✓ | 3.4/5 |
| Min. Deposit | $0 | $0 |
| Spread from | 0 pips | 0 pips |
| Max Leverage | 1:500 ✓ | 1:2 |
| Regulation | FCA, ASIC | SEC, CFTC |
| Platforms | MT4, MT5, Proprietary Web | Proprietary Web, Proprietary Mobile |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.4/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowThinkMarkets vs Firstrade: Key Differences
ThinkMarkets
Firstrade
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Fees Comparison
ThinkMarkets
Firstrade
Lower feesRegulation & Trust
ThinkMarkets holds licences from FCA, ASIC. Firstrade is regulated by SEC, CFTC.
Markets & Assets
Both brokers offer access to Stocks, Indices markets. ThinkMarkets additionally covers Forex, Cfd, Commodities.
Trading Platforms
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Firstrade offers Proprietary Web, Proprietary Mobile. Both brokers are available on Proprietary Web, Proprietary Mobile.
Minimum Deposit
ThinkMarkets requires no minimum deposit, while Firstrade sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
Overall Ratings
BrokerRank scores ThinkMarkets at 3.92/5 and Firstrade at 3.41/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. ThinkMarkets leads overall with a clear advantage.
BrokerRank Verdict
Who Should Choose Which?
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
- Higher overall rating (3.9/5)
- Higher leverage (up to 1:500)
- More market types (6)
- More platforms (4 supported)
Firstrade
3.4/5
Choose Firstrade if you want…
- No per-trade commission
- More established (est. 1985)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both ThinkMarkets & Firstrade are available in
Frequently Asked Questions
1Is ThinkMarkets better than Firstrade?
ThinkMarkets scores higher overall on our independent rating system. ThinkMarkets holds a 3.9/5 rating vs Firstrade's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, ThinkMarkets or Firstrade?
ThinkMarkets offers spreads from 0 pips, while Firstrade starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for ThinkMarkets vs Firstrade?
ThinkMarkets requires a minimum deposit of $0. Firstrade requires $0.
4Which broker is safer, ThinkMarkets or Firstrade?
ThinkMarkets is regulated by FCA, ASIC, while Firstrade holds licences from SEC, CFTC.
5What trading platforms do ThinkMarkets and Firstrade support?
ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile. Firstrade supports Proprietary Web, Proprietary Mobile.
6Can I use both ThinkMarkets and Firstrade?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
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