XM vs ThinkMarkets 2026: Which Broker is Better?
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, DFSA, FSC ✓ | FCA, ASIC |
| Platforms | MT4, MT5, Proprietary Mobile | MT4, MT5, Proprietary Web |
ThinkMarkets is the better choice overall, scoring 3.9/5 vs 3.9/5 on BrokerRank's independent rating. On fees, ThinkMarkets offers lower spreads (0 pips).
See full side-by-side comparison belowXM vs ThinkMarkets: Key Differences
XM
ThinkMarkets
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Fees Comparison
XM
ThinkMarkets
Regulation & Trust
XM holds licences from ASIC, FCA, CySEC. ThinkMarkets is regulated by FCA, ASIC.
Markets & Assets
Both brokers offer access to Forex, Cfd, Stocks, Indices, Commodities markets.
Fees & Spreads
On spreads, ThinkMarkets is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.6 pips at XM.
Trading Platforms
XM supports MT4, MT5, Proprietary Mobile. ThinkMarkets offers MT4, MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT4, MT5, Proprietary Mobile.
Minimum Deposit
XM requires a minimum deposit of $5, while ThinkMarkets sets no minimum deposit. This makes ThinkMarkets accessible to traders with any budget.
Overall Ratings
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.
BrokerRank Verdict
Who Should Choose Which?
XM
3.9/5
Choose XM if you want…
- No per-trade commission
- Higher leverage (up to 1:1000)
- More regulatory licences (5)
- More established (est. 2009)
ThinkMarkets
3.9/5
Choose ThinkMarkets if you want…
- Higher overall rating (3.9/5)
- Tighter spreads (from 0 pips)
- No minimum deposit
- More market types (6)
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 XM & ThinkMarkets are available in
Frequently Asked Questions
1Is XM better than ThinkMarkets?
ThinkMarkets scores higher overall on our independent rating system. XM holds a 3.9/5 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.
2Which has lower fees, XM or ThinkMarkets?
XM offers spreads from 0.6 pips, while ThinkMarkets starts at 0 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for XM vs ThinkMarkets?
XM requires a minimum deposit of $5. ThinkMarkets requires $0.
4Which broker is safer, XM or ThinkMarkets?
XM is regulated by CySEC, DFSA, FSC, FSCA, FSA, while ThinkMarkets holds licences from FCA, ASIC.
5What trading platforms do XM and ThinkMarkets support?
XM supports MT4, MT5, Proprietary Mobile. ThinkMarkets supports MT4, MT5, Proprietary Web, Proprietary Mobile.
6Can I use both XM and ThinkMarkets?
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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