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Trading 212 vs ThinkMarkets 2023

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between Trading 212 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, Trading 212 ranks more highly than ThinkMarkets.

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Compare

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Overall Rating Trading 212 ThinkMarkets
Overall Rating 7.6 / 10 7.6 / 10
Account Type Trading 212 ThinkMarkets
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Copy Trading Trading 212 ThinkMarkets
Social Trading / Copy Trading info No Yes info
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Trading 212 ThinkMarkets
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info No Yes info
Bitcoin info No Yes
ethereum info No Yes
Forex Trading (Spot or CFDs) Trading 212 ThinkMarkets
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Trading 212 ThinkMarkets
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Trading 212 ThinkMarkets
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No Yes info
Social Trading / Copy Trading info No Yes info
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Trading 212 ThinkMarkets
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses Trading 212 ThinkMarkets
Tier-1 Licenses info 2 5
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Research, Education Trading 212 ThinkMarkets
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info No Yes
Trading Costs Trading 212 ThinkMarkets
Minimum Deposit info €10 $0 info
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
Trading Tools Trading 212 ThinkMarkets
Watchlists - Total Fields info 5 15
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 45 30
Mobile Charting - Indicators / Studies info 45 30
Trust Factors Trading 212 ThinkMarkets
Year Founded info 2004 2010
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 77 88
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Trading 212 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 Trading 212 vs ThinkMarkets.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" 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 88, giving it a "Trusted" trust label.

Is Trading 212 a good broker?

Founded in 2004 and regulated by more than one Tier-1 regulator, Trading 212 delivers a proprietary, innovative trading app for web and mobile that is a great choice for beginner forex traders who want an intuitive platform for trading forex and CFDs or investing in shares. Though we love its well-designed trading platform, the market research and educational resources at Trading 212 are limited, and the broker's lack of advanced features may leave experienced forex traders wanting more.

Is ThinkMarkets a good broker?

Founded in 2010, ThinkMarkets is a trusted broker that holds multiple Tier-1 regulatory licenses, boosting its overall Trust Score rating. ThinkMarkets offers the full MetaTrader platform suite (both MT4 and MT5) as well as its proprietary ThinkTrader platform. Traders at ThinkMarkets also gain access to trading signals via its Signals Centre and social copy trading (in certain jurisdictions). ThinkMarkets has a growing number of available markets, research materials, and educational content, yet still has room to improve in 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. Trading 212 is United Kingdom (U.K.) (FCA Authorised), while ThinkMarkets is Australia (ASIC Authorised), Japan (SFC Authorised), New Zealand (FMA Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Singapore (MAS Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

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, Trading 212 is Cyprus (CySEC Authorised), while ThinkMarkets is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses Trading 212 is none, while ThinkMarkets is Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

For trading platforms Trading 212 supports a Proprietary Platform, whereas ThinkMarkets supports a Proprietary Platform and Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade

Does Trading 212 offer MetaTrader? Does ThinkMarkets offer MetaTrader?

For MetaTrader Trading 212 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 Trading 212 and ThinkMarkets differ in terms of minimum deposit? What about average spreads and funding options?

Trading 212 requires a minimum deposit of €10, while ThinkMarkets requires a minimum deposit of $0. From our testing we found Trading 212 offers spreads of N/A, while ThinkMarkets offers spreads of N/A. Trading 212 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 broker offers more tradeable asset classes, Trading 212 or ThinkMarkets?

Trading 212 offers a more diverse selection of investment options than ThinkMarkets allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, Trading 212 has 1785, compared to 4000 from ThinkMarkets.

Can I trade cryptocurrency with Trading 212 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 Trading 212 nor ThinkMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Trading 212 or ThinkMarkets?

In terms of research and research tools Trading 212 gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison ThinkMarkets has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.. Neither have Autochartist and Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

Trading 212 Review

ThinkMarkets Review

Overall winner: Trading 212

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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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