FXCM vs ThinkMarkets

FXCM or ThinkMarkets – which is better for UK traders 2024? Compare FXCM and ThinkMarkets in this detailed breakdown of their platforms, features and fees.

FXCM vs ThinkMarkets Comparison Table 2024

FXCM	ThinkMarkets
3.5	4
FXCM is ranked #44 among CFD brokers.	ThinkMarkets is ranked #37 among CFD brokers.
Review	Review
FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC.	Founded in 2010, ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. The broker provides services to over 450,000 accounts from 11 global offices. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies.
	71.89% of retail investor accounts lose money when trading CFDs with this provider.
Pros
Alongside the 4 charting platforms, FXCM also offers a market-leading range of specialist software for experienced investors, including QuantConnect, AgenaTrader and Sierra Chart The proprietary Trading Station terminal is a good choice for traders looking for an all-in-one solution for their short-term and automated trading strategies Traders can utilize several top-tier trading tools including a market scanner, forex signals and third-party research site, eFXPlus FXCM’s global reputation is impressive, with licenses from the FCA, ASIC, CySEC and FSCA and a 20-year business history A range of funding methods are available including bank cards, Apply Pay and PayPal, with instant processing times The broker offers spread discounts and other excellent perks for experienced traders in the Active Trader account FXCM has expanded its range of trading opportunities with 24-hour stock CFDs through MetaTrader 4	Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero Unique Traders' Gym simulation tool for testing out strategies on real historical data, with multiple timeframes and custom features In-depth educational resources for beginner, intermediate and advanced level traders, plus live webinars Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre Top-tier regulation from the FCA, ASIC and CySEC plus offshore branches with high leverage Free VPS hosting available for MT4 and MT5, ideal for traders using Expert Advisors (EAs) Advanced charting package from TradingView in ThinkTrader Web - ideal for traders Reliable 24/7 multilingual support via telephone, email or live chat Quick and easy to open a ThinkMarkets account
Cons
Although FXCM continues to gear their services towards experienced traders, it’s a shame that there are no managed accounts on offer There is no choice of retail accounts for traders, nor any Cent/Micro account options The live chat support can be slow and unreliable compared to the top competitors	$500 minimum deposit for ThinkZero account Not many payment methods available for UK traders Limited bonus offers, refer-a-friend schemes or trading competitions
Awards
	Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA) Best Value Broker in Asia at the 2020 - Global Forex Awards Best Forex Trading Experience 2017 - UK Forex Awards Best Forex Trading Innovation 2017 - UK Forex Awards Best Customer Service 2013 - UK Forex Awards
FCA Regulated
Yes	Yes
Instruments
CFDs, Forex, Stocks, Commodities	CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only)
Demo Account
Yes	Yes
Minimum Deposit
$50	$0
Payment Methods
Apple Pay Credit Cards Debit Card Google Pay Klarna PayPal Wire Transfer	Apple Pay Credit Cards Google Pay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
Variable	0.01 Lots
Regulator
FCA, CySEC, ASIC	FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
Mobile Apps
iOS and Android	iOS & Android
iOS App Rating
	4.8
Android App Rating
	4
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	Yes
eSignal
Yes	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
No	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Auto Trading
	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time.	The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts.
Social Trading
Yes	Yes
Trade Signals
	Signal Centre
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP CAD AUD ZAR CHF	USD EUR GBP AUD JPY CHF
Commodities
Gold Oil Silver Cannabis	Gold Oil Natural Gas Silver Platinum Copper
CFD
You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions.	ThinkMarkets continues to offer an excellent range of around 3500 CFD instruments covering forex, indices, stocks and commodities. Leverage is available up to 1:30 in the EU and UK, while global clients can access up to 1:500.
Leverage
1:30	1:500
FTSE Spread
1.18 pts var*	0.7
GBPUSD Spread<
0.5 pips*	0.4
Oil Spread
0.05 (var)*	0.03
Stocks Spread
0.2% Var*	From 0.4
Forex
FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks.	ThinkMarkets offers 46 currency pairs, which is around the industry average. Forex traders can benefit from tight 0.0-pip spreads for EUR/USD during peak market hours. Additionally, the ThinkTrader proprietary platform offers an impressive 125+ technical indicators - ideal for complex forex strategies.
Assets
40	45+
GBPUSD Spread
0.5 pips var*	0.3
EURUSD Spread
0.2 pips var*	0.0
EURGBP Spread
0.5 pips var*	0.0
Currency Indices
JPY
FXCM	ThinkMarkets
Review	Review
	71.89% of retail investor accounts lose money when trading CFDs with this provider.
More Comparisons
FXCM vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama Core Spreads DNA Markets Dukascopy EagleFX easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade FP Markets Freetrade Fusion Markets FXCC FXCentrum FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX Oanda OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote ThinkMarkets TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade	ThinkMarkets vs Select... 4xCube ActivTrades Admiral Markets AdroFX Amega Anzo Capital AvaTrade Axi Axofa AZAforex Baxia Markets Binance Binarycent Bitfinex BitMEX BlackBull Markets Capital.com City Index CloseOption CMC Markets Coinbase Coinexx Coinmama Core Spreads DNA Markets Dukascopy EagleFX easyMarkets Eightcap Errante eToro Exinity EZ Invest FinPros Firstrade Focus Option Forex.com ForexChief Fortrade FP Markets Freetrade Fusion Markets FXCC FXCentrum FXCM FXDD FXOpen FXPrimus FXPro FXTM FXTrading Gemini Global Prime GO Markets GoFX Grand Capital Hantec Markets HYCM IC Markets IG Index INFINOX Ingot Brokers InstaForex Interactive Brokers Interactive Investor IQCent IronFX Just2Trade Kraken KuCoin Kwakol Markets LegacyFX Libertex LonghornFX LQDFX M4Markets Markets.com MultiBank FX Nexo NinjaTrader NordFX Oanda OKX OspreyFX Pepperstone Pionex Plus500 Pocket Option PrimeXBT PU Prime Raceoption Revolut RoboForex RoboMarkets Rockfort Markets Sage FX Saxo Scope Markets SimpleFX Spreadex SuperForex Swissquote TMGM Trade Nation Trade.com Tradeview Trading212 Uphold Vantage FX Vault Markets Videforex VT Markets Webull World Forex XM XTB ZacksTrade