OANDA vs ThinkMarkets
By Akash · Facts re-checked (UTC)
Here is how OANDA and ThinkMarkets compare on regulation, costs and platforms. See the table for regulators, costs and platforms.
| OANDA | ThinkMarkets | |
|---|---|---|
| Regulators | FCA | FCA, ASIC, CySEC, FSCA |
| Minimum deposit | No minimum deposit (OANDA Europe Limited, UK) | – |
| Spreads from | 0.6 pips EUR/USD (UK) | 0.0 pips (ThinkZero); 0.4 pips (Standard) |
| Commission | – | ThinkZero: USD 7 per round turn lot on forex and metals; Standard: none |
| Platforms | OANDA web, OANDA mobile, MetaTrader 4, MetaTrader 5, TradingView | ThinkTrader, MetaTrader 4, MetaTrader 5, TradingView (ThinkTrader accounts only) |
| Retail accounts losing money | 76.6% | – |
Full reviews: OANDA review · ThinkMarkets review
Frequently asked questions
Are OANDA and ThinkMarkets regulated?
OANDA: FCA. ThinkMarkets: FCA, ASIC, CySEC, FSCA.
Which has tighter spreads, OANDA or ThinkMarkets?
Published spreads start from 0.6 pips EUR/USD (UK) at OANDA and 0.0 pips (ThinkZero); 0.4 pips (Standard) at ThinkMarkets; commission: OANDA none listed, ThinkMarkets ThinkZero: USD 7 per round turn lot on forex and metals; Standard: none.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read more