ThinkMarkets
Velocity Trade
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Overview
ThinkMarkets was founded in 2010 and is headquartered in Australia & United Kingdom, while Velocity Trade was established in 2007 and is based in Australia. ThinkMarkets holds licences including the Japanese Financial Services Agency (JFSA) with license no. 0250, while Velocity Trade is regulated by Australian Securities & Investment Commission (ASIC) among others. ThinkMarkets serves 475,000+ clients worldwide; Velocity Trade has 10,000+. The minimum deposit is $0 at ThinkMarkets and $1 at Velocity Trade.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Regulation | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles | Australian Securities & Investment Commission (ASIC), BaFIN (German Federal Financial Services Authority ID: 10159853), Financial Markets Authority (FMA) of New Zealand, Financial Sector Conduct Authority of South Africa (FSCA) FSP No. 43295, Financial Conduct Authority (FCA Registered Number 497263) |
| Founded | 2010 | 2007 |
| Country | Australia & United Kingdom | Australia |
| Clients | 475,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ThinkMarkets and Velocity Trade, directly affecting your bottom line as a trader. ThinkMarkets has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Velocity Trade). Neither broker charges withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
ThinkMarkets offers MT4, MT5, a proprietary platform, while Velocity Trade supports MT4. ThinkMarkets supports social and copy trading features, which Velocity Trade does not offer. Velocity Trade edges ahead on platform breadth and functionality in our scoring.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | No |
| cTrader | No | No |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5 and ThinkTrader | MT4, Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ThinkMarkets and Velocity Trade compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Velocity Trade scores higher overall in education and research.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ThinkMarkets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Velocity Trade supports 2 (bank transfer, credit/debit card). ThinkMarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. ThinkMarkets scores higher on deposit and withdrawal flexibility.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ThinkMarkets and Velocity Trade offer live chat support. Both provide phone support. Email support is available at both brokers. ThinkMarkets supports 13 languages and Velocity Trade supports 2, giving ThinkMarkets broader global reach. Both brokers are comparable on support quality.
| Feature | ThinkMarkets | Velocity Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese | English, and Chinese |