XM
ThinkMarkets
VS
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XM
Capital at risk · T&Cs apply
Choosing between XM and ThinkMarkets depends on your trading style, preferred markets, and budget. XM is headquartered in Limassol, Cyprus, while ThinkMarkets operates from London, UK. XM has the longer track record, established in 2009, 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.
XM
ThinkMarkets
| XM | ThinkMarkets | |
|---|---|---|
| BrokerRank Score | 3.9/5 | 3.9/5 |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.6 pips | 0 pips ✓ |
| Max Leverage | 1:1000 ✓ | 1:500 |
| Regulation | CySEC, ASIC, FCA ✓ | FCA, ASIC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, Proprietary Web |
XM (3.9/5) and ThinkMarkets (3.9/5) are closely matched. ThinkMarkets has lower spreads; the better pick depends on your priorities.
See full side-by-side comparison belowXM
ThinkMarkets
XM
ThinkMarkets
XM holds licences from ASIC, FCA, CySEC. ThinkMarkets is regulated by FCA, ASIC.
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
XM supports MT4, MT5, Proprietary Mobile. ThinkMarkets offers MT4, MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
XM requires a minimum deposit of $5, while ThinkMarkets sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
BrokerRank scores XM at 3.92/5 and ThinkMarkets at 3.92/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. XM leads overall with a marginal advantage.
XM
3.9/5
Choose XM if you want…
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
XM (3.9/5) and ThinkMarkets (3.9/5) are closely matched on our independent rating scale. The better choice depends on your priorities — fees, regulation, platforms, or available markets. See the full comparison above.
XM offers spreads from 0.6 pips, while ThinkMarkets starts at 0 pips. Check the fees section above for a full breakdown.
XM requires a minimum deposit of $5. ThinkMarkets requires $0.
XM is regulated by CySEC, ASIC, FCA, while ThinkMarkets holds licences from FCA, ASIC.
XM supports MT4, MT5, 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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BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.