Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs Spreadex, 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.
Founded in 2010, ThinkMarkets stands out as a highly trusted online broker with a ForexBrokers.com Trust Score of 92. This makes it a solid choice for investors. It holds five Tier-1 licenses, which signifies a high level of trust, and two Tier-2 licenses. While it's not publicly listed nor a bank, ThinkMarkets provides a secure environment for traders with its strong regulatory framework.
Established in 1999, Spreadex offers trading services with a ForexBrokers.com Trust Score of 71, categorizing it as an average-risk option for traders. The company holds one Tier-1 license but lacks Tier-2 approvals. Like ThinkMarkets, Spreadex is not publicly traded or a banking institution. While it provides competitive services, potential customers should consider its lower Trust Score when evaluating their options.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
When considering online brokers for trading, comparing ThinkMarkets and Spreadex can offer valuable insights into their commissions and fees structures. ThinkMarkets is rated 4 out of 5 stars in this category, but specific average spread data is unavailable. Despite this limitation, ThinkMarkets holds a commendable position, ranked at #48 out of 62 brokers by ForexBrokers.com, highlighting its effectiveness in maintaining competitive costs for traders.
Spreadex, on the other hand, provides more transparency in their fee structure. In January 2024, the average spread for EUR/USD was 0.81 pips, with a minimum spread of 0.6 pips achieved 60% of the time throughout the month. Spreadex also earns a 4-star rating for commissions and fees and is ranked higher than ThinkMarkets, securing the #27 spot out of 62 brokers on ForexBrokers.com. This ranking reflects its strong commitment to offering favorable terms for cost-conscious traders.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing ThinkMarkets and Spreadex based on their range of investments, both brokers exhibit unique strengths. ThinkMarkets provides access to 4,000 tradeable symbols, which include an opportunity for forex enthusiasts to trade 46 forex pairs. Notably, ThinkMarkets allows trading international exchange-traded securities, granting clients the chance to invest in shares like Vodafone. Furthermore, the platform supports copy trading, catering to those interested in mimicking successful trading strategies. For cryptocurrency investors, ThinkMarkets offers cryptocurrency derivatives but not actual cryptocurrencies. With these features, ThinkMarkets earns a solid rating of 4.5 stars in the range of investments category and is positioned at #21 according to ForexBrokers.com.
On the other hand, Spreadex impresses with a broader palette of 10,000 tradeable symbols, including 52 forex pairs. Although it doesn't provide access to international exchange-traded securities, its overall offering is well-regarded, securing a top score of 5 stars for the range of investments. Unfortunately, Spreadex does not support copy trading, which could be a consideration for traders interested in such functionalities. Similar to ThinkMarkets, Spreadex offers cryptocurrency derivatives but not the actual cryptocurrencies. These offerings help Spreadex achieve a commendable rank of #13 in the range of investments category by ForexBrokers.com. Overall, both brokers cater to a variety of investor needs, with Spreadex gaining a slight edge in this comparison.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 10000 |
| Forex Pairs (Total) | 46 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | 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 comparing ThinkMarkets and Spreadex in terms of their trading platforms and tools, both brokers offer a range of features tailored for both beginners and experienced traders. ThinkMarkets stands out by offering a Windows-based desktop download, a feature that Spreadex does not provide. Additionally, ThinkMarkets offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to use these popular platforms, while Spreadex does not offer either. Both platforms have developed their own proprietary software and provide web-based trading platforms, giving users flexibility in how they access their accounts. In terms of simulated trading, both brokers offer free virtual demo accounts, which are essential for honing strategies without financial risk.
ThinkMarkets supports copy trading, a feature that Spreadex lacks. While neither broker offers platforms like DupliTrade or ZuluTrade, ThinkMarkets users have more charting drawing tools with 15 options compared to 11 from Spreadex. Both brokers allow trading directly from stock charts, providing users with convenient trading options. For watch lists, ThinkMarkets offers more customization with 15 columns compared to Spreadex's 8. Both brokers receive 4-star ratings for their trading platforms and tools; however, ForexBrokers.com ranks ThinkMarkets higher, placing it at 28th out of 62 brokers, while Spreadex is ranked 46th. This ranking reflects ThinkMarkets' broader range of offerings and greater customization options.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both ThinkMarkets and Spreadex offer mobile apps for iPhone and Android users, providing accessibility and convenience for traders on the go. Each app includes essential features like stock and forex price alerts, as well as the ability to draw trendlines on charts and view multiple time frames. However, ThinkMarkets stands out with its 94 technical studies for charting, plus the convenience of auto-saving drawings on charts—something Spreadex lacks. Watchlist syncing with online accounts is unavailable on both apps, but they both allow creating watchlists with real-time quotes.
When it comes to user satisfaction, both apps have garnered a solid 4-star rating out of five for overall performance. However, ThinkMarkets shines with a higher ranking, placing 20th among 62 brokers in the Mobile Trading Apps category on ForexBrokers.com. In comparison, Spreadex is ranked 46th. This rank difference suggests that while both apps provide valuable trading features, ThinkMarkets might offer a slightly more comprehensive and satisfying experience for mobile traders.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
ThinkMarkets and Spreadex both provide daily market commentary and forex news from leading sources like Bloomberg and Reuters. These aspects ensure traders are well-informed with the latest market developments. While neither ThinkMarkets nor Spreadex includes tools from Trading Central or market research from TipRanks, both offer sentiment-based trading tools that reveal long and short position ratios on various currency pairs. Additionally, an economic calendar showing upcoming global events is available from both brokers, keeping users updated on significant economic news.
For advanced tools, Spreadex stands out by offering research from Autochartist, whereas ThinkMarkets provides tools from Acuity Trading, like Signal Centre. Spreadex edges ahead with a research rating of 4 stars, compared to ThinkMarkets' 3.5 stars, and ranks higher in ForexBrokers.com's research category at #31 out of 62 brokers, while ThinkMarkets is positioned at #50. These distinctions highlight each broker’s strengths, making Spreadex slightly more appealing for traders seeking comprehensive market research resources.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both ThinkMarkets and Spreadex present strong offerings for those diving into the world of forex and CFDs. Both platforms provide a wealth of educational material, including over ten articles, videos, and webinars that target these trading areas. ThinkMarkets excels by offering monthly online webinars along with a searchable archive of past sessions, an advantage for learners wanting continuity and easy access to information. In terms of video content, both brokers cater to beginners with more than ten dedicated educational videos, yet ThinkMarkets distinguishes itself further by having advanced content for experienced traders.
Additionally, both ThinkMarkets and Spreadex provide substantial investor dictionaries, featuring definitions of over fifty investing terms. While both have commendable educational resources, Spreadex edges out with a slightly higher user rating of 4 stars compared to ThinkMarkets' 3.5 stars. Within the ForexBrokers.com rankings, Spreadex is positioned at #45 while ThinkMarkets stands at #52. This difference highlights Spreadex’s slightly better reputation in education quality among the competition, although both brokers present valuable learning platforms for aspiring traders.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 ThinkMarkets is better than Spreadex. ThinkMarkets finished with an overall rank of #27, while Spreadex finished with an overall rank of #39.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 71 |
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Both ThinkMarkets and Spreadex do not offer the option to purchase actual delivered cryptocurrency, but they do provide opportunities to trade cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and Spreadex, neither offer ACH or SEPA transfers, nor utilize PayPal for fund transactions, but while both support Visa, Mastercard, and bank wires, only ThinkMarkets provides the additional option of using Skrill.
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 | ThinkMarkets | Spreadex | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | ThinkMarkets | Spreadex | |
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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Trust Score | 92 | 71 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| 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) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 10000 | |
| Forex Pairs (Total) | 46 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | 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 | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ThinkMarkets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | ThinkMarkets | Spreadex | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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