AAATrade
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69.23% of retail CFD accounts lose money.

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ThinkMarkets
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AAATrade Vs. ThinkMarkets - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

Visit

69.23% of retail CFD accounts lose money.

Visit

Your Capital is at risk.

Overview

AAATrade is a Cyprus based broker established in 2013, that offers a variety of financial instruments including contracts for difference (CFDs), forex, stock, commodities, cryptocurrencies and others.

ThinkMarkets is a global broker headquartered in Australia that offers real stocks and ETFs along with CFDs on stocks, etfs, commodities, indices and cryptocurrencies accompanied by their proprietary platform: ThinkTrader.

Best For
  • Beginner traders looking for a simple web and mobile platform to get started
  • Passive investors looking for real equity
  • Passive investors looking to buy, hold or transfer real shares or ETFs from ASX
  • Active traders looking to exploit their low spreads on CFDs
  • MetaTrader 4 & 5 traders looking for a convenient offering
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
  • FSCA (South Africa)
The Good
  • Simple and friendly proprietary trading platform
  • Intuitive overview of account analytics
  • Wide variety of CFDs and real equities
  • Possibility to invest in real stocks and ETFs or trade CFDs
  • Proprietary platform ThinkTrader is smooth and user friendly
  • Spreads are very competitive when compared to similar competitors
The Bad
  • Above-average FX spreads
  • High fees (depending on the deposit / withdrawal methods)
  • High deposit requirements for advanced services ($25,000 , $100,000)
  • Real stocks or ETFs are only from ASX (Australian Securities Exchange)
  • Expensive stock trading commissions ($8 flat fee for ASX shares or ETFs)
  • While their stock and ETFs offering is great, they lack variety in all other asset classes
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2013 2010
💳 Minimum Deposit Range
$500 From 0 to $500
💰 Payment Methods
  • Credit Card
  • Debit Card
  • Wire Transfer
  • Skrill
  • Neteller
  • FasaPay
  • UnionPay
  • Giropay
  • QIWI
  • Cryptocurrencies
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Bank Transfer
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
💵 Account Base Currencies
3 - EUR, USD, GBP. 6 - EUR, AUD, CHF, GBP, JPY, USD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, AS, AI, BB, FJ, GU, PW, PA, WS, SC, TT, VU, AL, BS, BW, KH, GH, JM, MU, MM, NI, PK, UG, SY, YE, ZW, IR, KR, AF, IQ, MN.

US, CA, SY, IR.

📊 STP Account
Yes No
📊 DMA Account
Yes Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
2,162 4,555
Exchange Access
25 0
📙 Real Stocks
1,000 3,100
📙 Stock CFDs
1,000 1,246
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
80 47
📗 Commodities
0 0
📗 Commodities CFDs
4 11
📕 Indices
0 0
📕 Indices CFDs
12 27
📔 ETFs
0 0
📔 ETFs CFDs
5 103
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
50 21
📒 Bonds
0 0
📒 Bonds CFDs
4 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
7 0
Trading Experience
📈 Minimum Stock Trade Size
1 share Variable - Fractions Allowed
📉 Minimum ETFs Trade Size
1 ETF Variable - Fractions Allowed
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC) Varies per cryptocurrency (eg: from 0.01 units of BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 lots) Varies per commodity (eg: 1 ounce of Gold)
📉 Minimum Bonds Trade Size
100 units Unavailable
📈 Minimum Futures Trade Size
$1,000 (0.01 lots) Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
Yes Yes
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No No
Fees
💰 Inactivity Fee

€15 after 3 months of inactivity.

None
💰 Deposit Fees

From 0.2% for cryptocurrency, credit and debit cards up to 5% for alternative payments. Direct wire transfers have a fee of €10.

None
💰 Withdrawal Fees

Wire transfers have a €10 fee.

None
💰 Commissions
  • No commissions on novice accounts.
  • Commission free trading for stock ETFs on Experienced accounts
  • FX commissions are $4-$8 per lot depending whether the pair is major, minor or exotic.
  • For Standard account there are no commissions
  • For Zero account there is a commission of $3.5 per lot round turn

For real stocks and ETFs investing, there is a flat fee of $8 per trade (in-and-out) or if the trade value is above $200,000 then a 0.05% fee per trade.

Spreads
📈 EUR/USD
Dynamic - From 2 Pips Dynamic - From 0.4 to 1 Pip
📉 SP500
Dynamic - From 50 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 95 Pips Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.21 Unavailable
📈 XLK (ETF - CFD)
Dynamic - From $0.01 Unavailable
📉 BTC
Dynamic - From $511 Dynamic - From $30
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No
📡 Educational Content
Yes No
📡 Live Chat Support
No No
📡 Video Tutorials
No No
📡 Account Management
Yes No
📡 Webinars
No No