ThinkMarkets
Xtrade
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Overview
ThinkMarkets was founded in 2010 and is headquartered in Australia & United Kingdom, while Xtrade was established in 2003 and is based in Australia. ThinkMarkets holds licences including the Japanese Financial Services Agency (JFSA) with license no. 0250, while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. ThinkMarkets serves 475,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $0 at ThinkMarkets and $1 at Xtrade.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| 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 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2010 | 2003 |
| Country | Australia & United Kingdom | Australia |
| Clients | 475,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between ThinkMarkets and Xtrade, directly affecting your bottom line as a trader. ThinkMarkets has a lower barrier to entry with a minimum deposit of $0 (vs $1 at Xtrade). Neither broker charges withdrawal fees. ThinkMarkets applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; ThinkMarkets does not. The two brokers are broadly comparable on fee structure.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| Min. Deposit | $0 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | Yes |
Platforms
ThinkMarkets offers MT4, MT5, a proprietary platform, while Xtrade supports MT4, MT5, cTrader. ThinkMarkets supports social and copy trading features, which Xtrade does not offer. Xtrade edges ahead on platform breadth and functionality in our scoring.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5 and ThinkTrader | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how ThinkMarkets and Xtrade compare. ThinkMarkets runs regular live webinars; Xtrade does not. ThinkMarkets has a video library; Xtrade does not. ThinkMarkets publishes daily market commentary; Xtrade does not. ThinkMarkets integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. ThinkMarkets maintains an archive of past webinars for on-demand viewing. ThinkMarkets scores higher overall in education and research.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ThinkMarkets uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. ThinkMarkets scores higher on deposit and withdrawal flexibility.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | Yes | Not available |
| Neteller | Yes | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ThinkMarkets and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. ThinkMarkets offers multilingual support. Both brokers are comparable on support quality.
| Feature | ThinkMarkets | Xtrade |
|---|---|---|
| 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 | Not available |