8 minute read
Exness vs ThinkMarkets: Which Forex Broker Should You Choose?
from Exness
by Exness Blog
If you’re a forex trader trying to pick between Exness and ThinkMarkets, you’re likely wondering which one offers the best tools, fees, and reliability for your trading style. Both brokers are well-established, but they cater to slightly different needs. Exness is known for its tight spreads and massive trading volume, while ThinkMarkets shines with its innovative platforms and copy trading features. So, which one’s better for you? Let’s dive into a head-to-head comparison to help you decide.
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This guide breaks down the key differences between Exness and ThinkMarkets, covering regulation, platforms, fees, account types, and more. By the end, you’ll know which broker aligns with your goals—whether you’re a beginner, a scalper, or a long-term trader.
Why Compare Exness and ThinkMarkets?
Choosing a forex broker is like picking the right tool for a job—it has to fit you. Exness and ThinkMarkets are both reputable, but their strengths vary. Exness, founded in 2008, boasts a monthly trading volume of over $4.5 trillion and is a go-to for traders who value low spreads and fast withdrawals. ThinkMarkets, established in 2010, offers a user-friendly experience with cutting-edge features like ThinkCopy for social trading.
Before we get into the nitty-gritty, let’s address the big question: What makes these brokers stand out? Exness excels in cost-efficiency and a wide range of instruments, while ThinkMarkets focuses on advanced platforms and educational resources. Let’s break it down step by step.
1. Regulation and Trustworthiness: Are They Safe?
Trust is everything when you’re depositing your hard-earned money. Both Exness and ThinkMarkets are regulated by top-tier authorities, so you’re in safe hands with either.
· Exness: Headquartered in Cyprus, Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the UK (for professional clients), and the Financial Services Authority (FSA) in Seychelles. With 15 years in the game and no major controversies, Exness is a trusted name. They segregate client funds and offer negative balance protection for all accounts.
· ThinkMarkets: Based in London and Australia, ThinkMarkets is regulated by the Australian Securities and Investments Commission (ASIC) and the FCA. They also segregate client funds and use state-of-the-art encryption for security. ThinkMarkets has a solid 13-year track record and recently partnered with AI-driven Acuity Trading to enhance its offerings.
Verdict: Both are highly regulated and secure. Exness has a slight edge due to its longer history and massive trading volume, but ThinkMarkets’ ASIC regulation is a big plus for Aussie traders.
2. Trading Platforms: Which One Feels Better?
Your trading platform is your control center, so it needs to be intuitive and powerful. Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but they each bring something unique to the table.
· Exness:
MT4 & MT5: Industry standards with robust charting and automation tools.
Exness Terminal: A proprietary web-based platform with a clean, minimalist design for quick order execution.
TradingView Integration: Exness integrates TradingView charts for advanced market analysis.
Social Trading: Partners with platforms like ZuluTrade for copy trading.
Mobile Apps: Seamless mobile and web platforms for trading on the go.
· ThinkMarkets:
MT4 & MT5: Same reliable platforms as Exness.
ThinkTrader: A proprietary platform with an intuitive interface, advanced charting, and mobile accessibility.
ThinkCopy: A copy trading platform that lets you mimic pro traders in real-time.
AI Integration: Recent partnership with Acuity Trading adds AI-driven signal tools to its ecosystem.
Verdict: Exness is great for traders who love TradingView and a simple proprietary platform. ThinkMarkets wins for those who want a more modern, feature-rich experience with ThinkTrader and ThinkCopy.
3. Fees and Spreads: Which Broker Saves You Money?
Trading costs can eat into your profits, so let’s compare fees and spreads.
· Exness:
Spreads: Known for ultra-tight spreads, especially on the Raw Spread Account (as low as 0.0 pips on EUR/USD). The Standard Account has competitive spreads with no commission.
Commissions: $3.50 per lot per trade on Raw Spread Accounts, but Standard Accounts are commission-free.
Other Fees: No inactivity or withdrawal fees, and deposits/withdrawals are fast and often free.
· ThinkMarkets:
Spreads: Offers variable spreads, but they’re slightly higher than Exness on average (e.g., 0.29 pips on EUR/USD for Raw Accounts vs. Exness’ 0.21 pips).
Commissions: Same $3.50 per lot per trade on Raw Accounts, but no commission on Standard Accounts.
Other Fees: No deposit/withdrawal fees in most cases, but third-party provider charges may apply. ThinkPortal allows up to 24 transactions in a 2-hour period for quick transfers.
Verdict: Exness is the clear winner for lower spreads, especially on Raw Accounts. If you’re a high-volume trader or scalper, Exness could save you more. ThinkMarkets is still competitive, especially for Standard Account users.
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4. Account Types: Flexibility for Every Trader
Both brokers offer account types for beginners and pros, but their structures differ.
· Exness:
Standard Account: No commission, low minimum deposit, ideal for beginners.
Raw Spread Account: Ultra-low spreads with a small commission, great for scalpers.
Zero Account: Zero spreads on select instruments, designed for high-volume traders.
Pro Account: Offers instant or market execution with competitive spreads.
· ThinkMarkets:
Standard Account: No commission, beginner-friendly, but slightly higher spreads than Exness.
ThinkZero Account: Low spreads with a commission, similar to Exness’ Raw Spread Account.
Islamic Account: Swap-free accounts for traders who need Sharia-compliant options.
Verdict: Exness offers more variety with its Zero and Pro Accounts, making it better for advanced traders. ThinkMarkets keeps it simple with solid options for beginners and pros alike.
5. Trading Instruments: What Can You Trade?
Diversifying your portfolio? Here’s what each broker offers.
· Exness: Trade forex, CFDs, stocks, indices, metals, energies, cryptocurrencies, and commodities. With over 100 currency pairs and a wide range of CFDs, Exness is ideal for traders who want variety.
· ThinkMarkets: Offers forex, stock CFDs, indices, cryptocurrencies, metals, energies, and exchange-traded funds (ETFs). Slightly fewer options than Exness but still robust.
Verdict: Exness edges out ThinkMarkets with a broader range of instruments, especially for commodity and crypto traders.
6. Deposits and Withdrawals: How Easy Is It to Move Your Money?
· Exness: Known for instant withdrawals—a huge plus for traders who need quick access to funds. Supports bank transfers, cards, and e-wallets with no fees in most cases.
· ThinkMarkets: Processes withdrawals within 24 hours during weekdays. Supports bank transfers, cards, cryptocurrencies, and e-wallets like Skrill and Neteller. No fees in most cases, but third-party charges may apply.
Verdict: Exness wins for instant withdrawals, but ThinkMarkets’ 24-hour processing is still fast and reliable.
7. Educational Resources and Support: Who Helps You Grow?
· Exness: Offers market analysis, webinars, and a blog with trading insights. Customer support is available 24/7 in multiple languages.
· ThinkMarkets: Stands out with a wealth of resources—news, technical analysis, webinars, articles, and an economic calendar. Their ThinkCopy platform also helps beginners learn from pros. Support is responsive and multilingual.
Verdict: ThinkMarkets takes the lead for educational content and copy trading, making it a better choice for beginners.
8. Leverage: How Much Risk Can You Take?
· Exness: Offers unlimited leverage for certain accounts (with conditions) and up to 1:2000 for retail traders in some regions. High leverage comes with high risk, so tread carefully.
· ThinkMarkets: Provides up to 1:500 leverage, which is still generous but more conservative than Exness.
Verdict: Exness is better for risk-takers who want high leverage, while ThinkMarkets suits traders who prefer a balanced approach.
Final Verdict: Exness or ThinkMarkets?
So, which broker should you choose? It depends on your priorities:
· Choose Exness if: You’re a scalper, high-volume trader, or someone who values ultra-low spreads, instant withdrawals, and a wide range of instruments. Its unlimited leverage and TradingView integration are bonuses for advanced traders.
· Choose ThinkMarkets if: You’re a beginner or prefer a modern platform like ThinkTrader with copy trading via ThinkCopy. Its educational resources and AI-driven tools are great for those still learning the ropes.
Both brokers are trustworthy, regulated, and packed with features. If cost is your main concern, Exness might be the better pick. If you want a more innovative platform and learning tools, ThinkMarkets could be your go-to.
Tips for Choosing Your Broker
Define Your Goals: Are you scalping, swing trading, or investing long-term? Exness suits scalpers, while ThinkMarkets is great for beginners.
Test with a Demo Account: Both brokers offer demo accounts—try them out to see which platform feels right.
Check Your Region: Regulations and leverage vary by country, so confirm what’s available to you.
Read Reviews: Look at user feedback on platforms like BrokerXplorer or WikiFX for real-world insights.
Wrapping Up
Exness and ThinkMarkets are both solid choices, but they cater to slightly different traders. Exness is your best bet for low-cost trading and flexibility, while ThinkMarkets excels in user experience and education. Whichever you choose, make sure it aligns with your trading style and goals.
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