Updated May 13 2022
Overview | |
---|---|
Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies. |
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 | |
|
|
Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 4 Other Licenses 2 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
|
|
The Bad | |
|
|
Status | |
Operational | Operational |
Recent News | |
N/A | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2001 | 2010 |
💳 Minimum Deposit | |
$100 | 0 for Standard Account / $500 for Zero account |
💰 Payment Methods | |
💵 Account Base Currencies | |
6 - GBP, USD, EUR, AUD, JPY, CHF. | 6 - EUR, AUD, CHF, GBP, JPY, USD. |
🗽 Available to U.S Citizens | |
Yes | No |
❌ Restricted Countries | |
None | US, CA, SY, IR. |
📊 STP Account | |
Yes | No |
📊 DMA Account | |
Yes | Yes |
📊 ECN Account | |
Yes | No | Assets |
📚 Available Assets | |
📙 Stocks | |
4,500+ | 3,100+ real shares (ASX) / 1246 CFDs |
📘 Currency Pairs | |
93 | 47 |
📗 Commodities | |
35 | 11 |
📕 Indices | |
24 | 27 |
📔 ETFs | |
700+ | 103 |
💸 Cryptocurrencies | |
5 | 21 |
📒 Bonds | |
14 | N/A |
📓 Options | |
N/A | N/A |
📗 Futures | |
N/A | N/A |
📝 Notes: | |
All of Forex.com’s assets are CFDs. |
ThinkMarkets offers both real stocks & ETFs along with CFDs on several asset classes. |
Trading Experience |
📈 Minimum Stock Trade Size | |
Varies per share (eg: 0.3 AMZN shares) | Fractional share trading - From 0.1 Shares |
📉 Minimum ETFs Trade Size | |
Varies per ETF (eg: 5 contracts of XLK) | Fractional ETF trading - From 0.1 ETFs |
📈 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 | |
Varies per commodity (eg: 1 contract of Gold) | Varies per commodity (eg: 1 ounce of Gold) |
📉 Minimum Bonds Trade Size | |
Varies per Bond (eg: 1 contract of Euro Bobl) | N/A |
📈 Minimum Futures Trade Size | |
N/A | N/A |
📉 Minimum Options Trade Size | |
N/A | N/A |
💪 Retail Leverage | |
Up to 1:30 | Up to 1:30 |
💪 Professional Leverage | |
Up to 1:500 | Up to 1:500 |
✍ Customisable Leverage | |
No | No |
🎲 Deleveraged Trading | |
Yes | Yes |
🎓 Demo Account | |
Yes | Yes |
📱 IOS App | |
Yes | Yes |
📱 Android App | |
Yes | Yes |
📺 MetaTrader 4 | |
Yes | Yes |
📺 MetaTrader 5 | |
Yes | Yes |
💻 Web trader | |
Yes | Only for MT4 and MT5. |
💻 TradingView Platform | |
Yes | No |
💻 Proprietary Platform | |
Yes | Yes (Only for Standard Account) |
📊 Multi-chart Tools | |
Yes | Yes |
👬 Copy Trading | |
No | Yes |
👫 Social Trading | |
No | Yes |
🔑 Guaranteed Stop-loss | |
No | No |
🔨 Trailing Stop-loss | |
Yes | No | Fees |
💰 Inactivity Fee | |
Yes, $15 monthly after 1 year of inactivity. |
No |
💰 Deposit Fees | |
No | No |
💰 Withdrawal Fees | |
No | No |
💰 Commissions | |
Yes depending on account type.
|
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 0.8 Pips | From 0.4 Pips to 1 Pip |
📉 SP500 | |
From 60 Pips | From 40 Pips |
📈 GOLD | |
From 50 Pips | From 20 Pips |
📉 TSLA (Stock CFD) | |
Dynamic - Market Spread | From 20 Pips |
📈 XLK (ETF - CFD) | |
Dynamic - Market Spread | Dynamic - From $0.01 |
📉 BTC | |
From $120 | Dynamic - From $30 | Research and Analysis |
⭐ Watchlists | |
Yes | Yes |
🔭 Stock Screener | |
No | No |
🗓 Economic Calendar | |
Yes | Yes |
📜 Integrated Newsfeed | |
Yes | Yes |
📡 Reuters Feed | |
Yes | No |