Written by ForexBrokers.com
In this head to head comparison of eToro vs ThinkMarkets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
eToro, established in 2007, and ThinkMarkets, founded in 2010, are both online brokers that have earned strong trust scores from ForexBrokers.com. Neither company is publicly traded nor operates as a bank. eToro holds a Trust Score of 93, highlighting its position as a highly trusted broker, while ThinkMarkets closely follows with a Trust Score of 92. These scores suggest a high level of trust for both platforms among traders.
When it comes to regulatory licenses, ThinkMarkets holds a slight edge, boasting 5 Tier-1 licenses compared to eToro's 3. These Tier-1 licenses are highly trusted, offering reassurance to traders regarding their security and oversight. Additionally, ThinkMarkets holds 2 Tier-2 licenses, while eToro holds 1, further emphasizing their commitment to safety and regulation. Overall, both brokers stand out for their dedication to maintaining transparent and secure trading environments.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When comparing online brokers eToro and ThinkMarkets, their commissions and fees structures show noticeable differences. eToro operates as a market-maker broker with a typical variable spread of 1 pip on the EUR/USD, slightly above industry averages. Retail traders often choose eToro not for its competitive spreads but for its unique social copy trading features. Meanwhile, ThinkMarkets does not provide average spread data, which can make direct spread comparisons challenging.
eToro's VIP Club caters to high-balance traders with membership tiers ranging from Silver to Diamond, catering to those maintaining balances from $5,000 to $250,000. These tiers offer various benefits, such as access to Trading Central, reduced withdrawal and deposit fees, and a dedicated account manager. These factors can provide significant value depending on the level of the trader's membership.
In terms of ratings, eToro holds an impressive 4.5 stars for commissions and fees, ranking it 22nd among 62 brokers on ForexBrokers.com. In contrast, ThinkMarkets is rated with 4 stars, placing it at 48th in the same category. This comparison highlights eToro's edge in the commissions and fees category, supported by additional membership benefits for active traders.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 |
| Average Spread EUR/USD - Standard | 1 | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at eToro and ThinkMarkets, both platforms stand out in different areas. eToro offers a larger selection with 5,461 tradeable symbols, including 55 forex pairs. They provide access to exchange-traded securities on U.S. exchanges, allowing clients to invest directly in popular stocks like Apple. Furthermore, eToro facilitates both the actual purchase of cryptocurrencies and cryptocurrency derivatives, providing more versatility in crypto trading. Additionally, eToro supports copy trading, enhancing opportunities for beginner investors to learn from experienced traders. These diverse options contribute to eToro’s high rating and ranking for a wide range of investments.
ThinkMarkets also presents a strong offering with 4,000 tradeable symbols, including 46 forex pairs. While they do not offer direct access to U.S.-based exchange-traded securities, ThinkMarkets does allow trading on international exchanges, such as the London Stock Exchange. The platform also supports copy trading and provides the ability to trade cryptocurrency derivatives. However, investors looking to buy actual cryptocurrencies will find ThinkMarkets more limited in this aspect. Despite this, ThinkMarkets remains highly rated, demonstrating a solid range of investment products that cater to various trading strategies.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 4000 |
| Forex Pairs (Total) | 55 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to comparing the trading platforms and tools of eToro and ThinkMarkets, traders will find that both brokers offer unique advantages. eToro shines with its proprietary platform that is accessible through web browsers, providing a user-friendly experience and the added advantage of copy trading. Users can explore trading risk-free with a virtual demo account. However, it lacks a desktop trading platform for Windows and does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Instead, eToro brings a robust set of 161 drawing tools for charting, though it doesn't allow trading from stock charts. With 6 fields available for watch lists, it offers a solid organizational system. ForexBrokers.com has rated eToro with an impressive 4.5 stars and ranks it 8th among 62 brokers for its trading platforms and tools.
ThinkMarkets provides flexibility with both a proprietary platform and a Windows-based desktop option, along with a web-based platform for easy access. It supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to more traditional trading needs. Like eToro, ThinkMarkets also offers a virtual demo account for beginners to practice their trades. Though it offers fewer drawing tools for charting (15), it provides the convenience of trading directly from stock charts. Watch lists can be highly customized with up to 15 columns. Rated at 4 stars for its trading platforms and tools, ThinkMarkets is ranked 27th by ForexBrokers.com, providing a respectable choice for a range of trading preferences.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, eToro and ThinkMarkets both provide comprehensive solutions for both iPhone and Android users. Both platforms offer crucial features such as stock and forex price alerts and real-time quotes on customizable watchlists. While eToro shines with its ability to sync watchlist symbols with a client's online account, ThinkMarkets lacks this particular functionality. Chart enthusiasts may find eToro appealing with its 104 technical studies available, compared to the 94 offered by ThinkMarkets. However, ThinkMarkets takes the lead in facilitating trendline drawing and auto-saving these chart elements, features not supported by eToro.
Both trading apps allow users to explore different time frames on charts, catering to diverse trading strategies. In terms of user ratings, eToro emerges slightly ahead with a 4.5-star rating compared to ThinkMarkets' 4-star rating for their mobile trading apps. Furthermore, according to ForexBrokers.com, eToro secures the 11th position out of 62 brokers in the Mobile Trading Apps category, outperforming ThinkMarkets, which holds the 20th spot. Ultimately, these subtle differences could influence a trader's decision based on their specific needs and preferences.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 94 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and ThinkMarkets for market research features, both platforms provide daily market commentary and a sentiment-based trading tool to help traders gauge market mood. eToro, however, sets itself apart with several distinct offerings. It provides market research from TipRanks and tools from Trading Central, which includes technical analytics. Moreover, eToro supports traders with a comprehensive economic calendar, highlighting global news events. Despite not offering forex news from elite sources such as Bloomberg or Reuters, eToro achieves an impressive 4.5-star rating for research and holds the #13 rank among 62 brokers according to ForexBrokers.com.
On the other hand, ThinkMarkets complements its daily market insights with forex news from top-tier providers like Bloomberg and Reuters, which is a considerable advantage for those seeking timely and reliable information. Though it lacks Trading Central's tools and TipRanks research, ThinkMarkets compensates by offering research tools from Acuity Trading, such as the Signal Centre. Like eToro, ThinkMarkets includes an economic calendar for tracking important financial events. However, with a 3.5-star research rating and a rank of #50, ThinkMarkets falls behind eToro in the research offerings department as noted by ForexBrokers.com.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners eager to learn about forex and CFD trading, both eToro and ThinkMarkets provide ample educational resources that can kickstart their journey in the trading world. Each platform offers over ten educational materials, including articles, videos, and archived webinars focused on forex and CFDs. Besides, both brokers host online webinars at least once a month, providing continuous learning opportunities. Furthermore, they maintain searchable archives of their recorded webinars, allowing users to access past sessions at their convenience. When it comes to video content, each offers over ten clips designed for novice traders, alongside advanced videos tailored for more experienced users. Adding to the learning mix, both eToro and ThinkMarkets provide an investor dictionary with definitions of over 50 investing terms, helping users get a better grasp of complex trading jargon.
While both eToro and ThinkMarkets offer broad educational resources, there is a notable difference in their ratings and rankings. eToro is rated 4.5 stars for its educational offerings and is ranked 5th out of 62 brokers by ForexBrokers.com, marking it as a leader in the educational field. On the other hand, ThinkMarkets is rated 3.5 stars for education and holds the 52nd spot in the same ranking. This discrepancy indicates that while ThinkMarkets provides a solid foundation for learning, eToro delivers a more acclaimed and advanced educational experience for those looking to dive deeper into trading education.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than ThinkMarkets. eToro finished with an overall rank of #9, while ThinkMarkets finished with an overall rank of #27.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 92 |
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eToro enables users to purchase actual delivered cryptocurrency and offers cryptocurrency derivatives, while ThinkMarkets provides only the ability to buy cryptocurrency derivatives.
eToro provides a diverse range of options for depositing and withdrawing funds, including ACH, SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while ThinkMarkets supports Skrill, Visa/Mastercard, and bank wires but lacks ACH, SEPA, and PayPal capabilities.
Please 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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0 of 5| Overall Rating | eToro | ThinkMarkets | |
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| Trust Score | 93 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | ThinkMarkets | |
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| Regulation | eToro | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 93 | 92 | |
| Year Founded | 2007 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | eToro | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 4000 | |
| Forex Pairs (Total) | 55 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.1 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 15 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | ThinkMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 94 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | ThinkMarkets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review |
| Overall | eToro | ThinkMarkets | |
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| Trust Score | 93 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review |
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