Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
When comparing Swissquote and ThinkMarkets, both online brokers stand out with high Trust Score ratings according to ForexBrokers.com, indicating they are deemed highly trusted. Swissquote, established in 1996, boasts a top-tier Trust Score of 99, reflecting its strong credibility. In contrast, ThinkMarkets, founded in 2010, also enjoys a high score of 92. Swissquote is unique as it operates as a bank and is publicly traded, adding to its reliability and transparency. ThinkMarkets, on the other hand, does not share these characteristics.
Both brokers hold an impressive number of highly regarded Tier-1 licenses, with each securing five, which underscores their commitment to regulatory compliance and customer safety. Additionally, they each have two Tier-2 licenses, further solidifying their trustworthiness in the industry. Despite these similarities, Swissquote's status as a publicly listed bank gives it an edge in terms of perceived stability and investor confidence.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 1996 | 2010 |
| Publicly Traded (Listed) | Yes | |
| Bank | Yes | |
| Tier-1 Licenses | 5 | 5 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing Swissquote to ThinkMarkets in terms of commissions and fees, it's vital to consider the distinct advantages each broker offers. Swissquote, renowned for its association with a Swiss banking conglomerate, commands a slight premium on its services. While it brings the security of Swiss banking, it does not lead the pack with its trading costs. Specifically, Swissquote holds a 3.5-star rating and ranks #53 out of 63 brokers in the commissions and fees category according to ForexBrokers.com. Their U.K. entity provides relatively lower costs and deposit requirements compared to their branches in Switzerland and Luxembourg, with spread offerings that begin at 0.6 pips for their Prime account holders.
ThinkMarkets, though it does not have available data on average spreads, stands out slightly better in terms of commissions and fees, scoring a 4-star rating and placing #47 in the same category. This suggests their fee structure is more competitive compared to Swissquote, making it potentially a better choice for traders focused on cost efficiency. The lack of detailed spread data might be a consideration, yet their market reputation indicates a reasonable pricing structure.
Overall, while Swissquote attracts clients with the prestige of a Swiss bank backing, ThinkMarkets offers a more competitive edge when focusing specifically on costs, standing ahead in rankings and ratings for commissions and fees. Understanding these distinctions can help traders decide which broker aligns best with their financial goals and trading habits.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $1000 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| 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 it comes to the variety of investment options, Swissquote and ThinkMarkets offer compelling choices, though they each cater to different investor priorities. Swissquote provides 472 tradeable symbols, including an impressive selection of 80 forex pairs and access to exchange-traded securities on both U.S. and international exchanges. Furthermore, Swissquote enables clients to engage in forex trading through both CFDs and spot contracts. Investors interested in cryptocurrency will appreciate that Swissquote allows the purchase of actual cryptocurrencies, as well as cryptocurrency derivatives. Swissquote also supports copy trading, adding another layer of versatility for its users. With such a comprehensive range of offerings, Swissquote earns a 5-star rating for its range of investments and holds an impressive #2 ranking among 63 brokers according to ForexBrokers.com.
In contrast, ThinkMarkets excels by offering a broader scope of 4000 tradeable symbols. However, it is more limited in forex pair options, providing access to 46, while also facilitating forex trading via CFDs and spot contracts. While ThinkMarkets does not offer exchange-traded securities on U.S. markets or the ability to buy actual cryptocurrencies, it does provide cryptocurrency derivatives and the option for copy trading. Recognized for its substantial, though slightly narrower range of investments, ThinkMarkets achieves a 4.5-star rating and is ranked #23 by ForexBrokers.com in the same category. Both platforms have their strengths, making Swissquote suitable for those seeking more traditional and diverse international investments, while ThinkMarkets may be ideal for traders focused on a wider array of asset symbols.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 4000 |
| Forex Pairs (Total) | 80 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | |
| 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 the trading platforms and tools offered by Swissquote and ThinkMarkets, both brokers share several features but also have distinct strengths. Swissquote boasts a higher rating of 4.5 stars for its trading platforms and tools, compared to ThinkMarkets' 4-star rating. Both brokers offer proprietary platforms, as well as the popular MetaTrader 4 and MetaTrader 5 options. They each provide simulated (paper) trading opportunities, offering free virtual demo accounts for beginners and experienced traders to practice risk-free. Whether you prefer a Windows-based desktop platform or a web-based trading interface, both Swissquote and ThinkMarkets cater to your needs, ensuring flexibility in your trading experience. Additionally, both offer the convenience of trading directly from a stock chart, which enhances trading efficiency.
Despite these similarities, there are notable differences in their offerings. Swissquote narrowly edges out ThinkMarkets in the ForexBrokers.com ranking, holding the 12th spot out of 63 brokers for trading platforms and tools, while ThinkMarkets is ranked 28th. Swissquote provides a more extensive array of charting tools with 75 drawing options, compared to ThinkMarkets' 15. However, ThinkMarkets allows for a more detailed watch list setup with 15 customizable columns, slightly more than Swissquote’s 11 columns. Both brokers support copy trading, but details about their support for third-party services like DupliTrade or ZuluTrade are not specified. Overall, both brokers offer strong platforms, with Swissquote having a slight edge in versatility and charting tools.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | ||
| ZuluTrade | ||
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Swissquote and ThinkMarkets provide comprehensive mobile trading apps available for iPhone and Android devices, ensuring accessibility for users on the go. Each offers the convenience of stock and forex price alerts, as well as the creation of real-time watchlists. While both platforms allow users to draw trendlines and auto-save their drawings on charts, Swissquote users have access to 30 charting technical studies, whereas ThinkMarkets provides a remarkable 94. Both apps enable users to explore various time frames, such as daily, weekly, or intraday, which helps in thorough analysis and decision-making.
Swissquote's mobile app slightly leads with a 4.5-star rating compared to ThinkMarkets' 4-star rating from users, highlighting its favorable reception. On ForexBrokers.com's ranking list for mobile trading apps, Swissquote secures the 12th position out of 63 brokers, while ThinkMarkets comes in at the 20th spot. This demonstrates Swissquote's slightly higher standing among its peers. However, both platforms do not offer the ability to sync watchlist symbols between their mobile apps and online accounts, requiring users to manage changes manually across platforms. Overall, both apps serve traders well, with Swissquote having a slight edge in user ratings and industry rankings.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | ||
| Mobile Charting - Indicators / Studies | 30 | 94 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote and ThinkMarkets for market research, both platforms offer essential features for traders, including daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. Swissquote stands out with its provision of technical analysis tools through Autochartist, while ThinkMarkets distinguishes itself with a sentiment-based trading tool that displays the ratio of long and short positions across various currency pairs. Additionally, ThinkMarkets enhances its research offerings with tools from Acuity Trading, such as Signal Centre, providing traders with more diverse research capabilities.
Both brokers offer an economic calendar detailing global news events, ensuring traders stay informed about market-moving information. In terms of user ratings, Swissquote earns 4 stars for research, while ThinkMarkets follows with a commendable 3.5 stars. Swissquote also ranks higher in the research category on ForexBrokers.com, securing the 16th spot out of 63 brokers, compared to ThinkMarkets at the 50th position. This ranking suggests Swissquote might be a preferable choice for traders prioritizing comprehensive research tools and a slightly higher rated platform.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | |
| Trading Central (Recognia) | ||
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | ||
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Swissquote and ThinkMarkets, both online brokers offer substantial educational resources for those new to forex and CFDs trading. Beginners can find over ten educational pieces, including articles and videos, on each platform. Both brokers also provide online webinars every month, along with a comprehensive archive for catching up on past sessions. This setup is ideal for new traders who can benefit from continuous learning opportunities. Furthermore, both Swissquote and ThinkMarkets offer a wide selection of more than ten beginner-focused videos to help build foundational trading knowledge.
In addition to resources for newcomers, Swissquote and ThinkMarkets also feature advanced educational videos aimed at more experienced traders. Each platform includes an investor dictionary with over fifty investing terms, making it easier for traders to understand the terminology used in the financial world. Despite these similarities, Swissquote slightly edges out ThinkMarkets in terms of educational rankings, earning four stars compared to ThinkMarkets' 3.5 stars according to ForexBrokers.com. Swissquote is ranked #21 out of 63 brokers, while ThinkMarkets stands at #52, indicating a stronger reputation for educational offerings.
| Feature |
Swissquote
|
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 63 of the best forex brokers, our research and account testing finds that Swissquote is better than ThinkMarkets. Swissquote finished with an overall rank of #11, while ThinkMarkets finished with an overall rank of #27.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 92 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Swissquote allows investors to purchase both actual cryptocurrencies and cryptocurrency derivatives, while ThinkMarkets offers only cryptocurrency derivatives without providing the option to buy actual, delivered cryptocurrencies.
When comparing online brokers Swissquote and ThinkMarkets for deposit and withdrawal options, both platforms support Visa or Mastercard and bank wires, Swissquote uniquely provides ACH or SEPA transfers and PayPal, while both offer Skrill, but ThinkMarkets does not mention ACH, SEPA, or PayPal as options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 99 | 92 | |
| Year Founded | 1996 | 2010 | |
| Publicly Traded (Listed) | Yes | ||
| Bank | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 5 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | ||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 4000 | |
| Forex Pairs (Total) | 80 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | ||
| 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 15 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | |||
| Mobile Charting - Indicators / Studies | 30 | 94 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | ||
| Trading Central (Recognia) | |||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review |
| Overall | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill