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Plus500 vs ThinkMarkets 2023

BrokerNotes.co

Written by BrokerNotes.co

January 31, 2023

Trying to decide between Plus500 and ThinkMarkets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Plus500 ranks more highly than ThinkMarkets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingPlus500ThinkMarkets
Overall Rating 8.5 / 10 7.4 / 10
Account TypePlus500ThinkMarkets
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No Yes
Copy TradingPlus500ThinkMarkets
Social Trading / Copy Trading No Yes
DupliTrade No No
ZuluTrade No Yes
CryptocurrencyPlus500ThinkMarkets
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)Plus500ThinkMarkets
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)Plus500ThinkMarkets
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsPlus500ThinkMarkets
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals No No
ETF Yes No
U.S. Stocks (CFD) Yes Yes
Trading PlatformsPlus500ThinkMarkets
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) No Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicensesPlus500ThinkMarkets
Tier-1 Licenses 4 2
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes Yes
SFC Authorised (Hong Kong) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) No No
Tier-2 Licenses 3 2
Tier-3 Licenses 0 0
Research, EducationPlus500ThinkMarkets
Trading Central (Recognia) Yes Yes
Forex News (Top-Tier Sources) No Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes Yes
Trading CostsPlus500ThinkMarkets
Minimum Initial Deposit €100 $250.00
Average Spread EUR/USD - Standard 0.6 (as of Aug 2018) N/A
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Trading ToolsPlus500ThinkMarkets
Watchlists - Total Fields 9 15
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 110 30
Mobile Charting - Indicators / Studies 110 30
Trust FactorsPlus500ThinkMarkets
Year Founded 2008 2010
Publicly Traded (Listed) Yes No
Bank No No
Authorised in European Union Yes info Yes info
Trust Score 98 86
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Plus500 vs ThinkMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs ThinkMarkets.

Can I trust Plus500?

Plus500 has a trust score of 98, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust ThinkMarkets?

ThinkMarkets has a trust score of 86, giving it a "Trusted" trust label.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

Is ThinkMarkets a good broker?

ThinkMarkets offers the full MetaTrader platform suite alongside its proprietary ThinkTrader platform. ThinkMarkets has a growing selection of regulatory licenses, available markets, research materials, and educational content, yet still has room to improve in all of these important categories.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Plus500 is ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.), while ThinkMarkets is ASIC Authorised (Australia), FSA Authorised (Japan) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Plus500 is CySEC Authorised (Cyprus), ISA Authorised (Israel), FSCA Authorised (South Africa) and DFSA / Central Bank Authorised (UAE), while ThinkMarkets is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses unfortunately, neither Plus500 nor ThinkMarkets are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Plus500 supports a Proprietary Platform, whereas ThinkMarkets supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade., neither have cTrader and DupliTrade

Does Plus500 offer MetaTrader? Does ThinkMarkets offer MetaTrader?

For MetaTrader Plus500 provides neither of these, while ThinkMarkets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Plus500 and ThinkMarkets differ in terms of minimum deposit? What about average spreads and funding options?

Plus500 requires a minimum deposit of €100, while ThinkMarkets requires a minimum deposit of $250.00. From our testing we found Plus500 offers spreads of 0.6 (as of Aug 2018), while ThinkMarkets offers spreads of N/A. Plus500 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where ThinkMarkets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Plus500 or ThinkMarkets?

Plus500 offers a more diverse selection of investment options than ThinkMarkets allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, ETF and U.S. Stocks (CFD)., neither have Spread Betting and Agriculturals Looking at total tradeable symbols, Plus500 has 2800, compared to 1674 from ThinkMarkets.

Can I trade cryptocurrency with Plus500 or ThinkMarkets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Plus500 nor ThinkMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Plus500 or ThinkMarkets?

In terms of research and research tools Plus500 gives traders the following tools: Daily Market Commentary, Stock Charts and Trading Central (Recognia). In comparison ThinkMarkets has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

Plus500 Review

ThinkMarkets Review

Overall winner: Plus500

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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