ThinkMarkets vs Binarycent
ThinkMarkets or Binarycent – which is better for UK traders 2024? Compare ThinkMarkets and Binarycent in this detailed breakdown of their platforms, features and fees.
ThinkMarkets | Binarycent |
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ThinkMarkets is ranked #37 among CFD brokers. | Binarycent is ranked #9 among binary options brokers. |
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. | BinaryCent is an unregulated binary options broker that offers 24/7 trading on forex, cryptos and stocks with payouts up to 95%. Despite its lack of regulation, this broker takes client security seriously and stores client funds in European banks. The broker also offers CFDs with very high leverage up to 1:500. |
71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) | CFDs, Forex, Stocks, Cryptos, Options, Commodities |
Bonus | |
20% to 200% deposit bonus | |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$0 | $250 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $0.01 |
Regulator | |
FCA, ASIC, CySEC, FSCA, JFSA, FSA, DFSA, FMA | VFSC |
Mobile Apps | |
iOS & Android | iOS, Android |
Trading App | |
BinaryCent, like most binary brokers, doesn’t offer its own app – just trading through mobile browsers. In this instance, the result is an average workspace with relatively crisp graphics, one-tap trading and access to copy trading from the menu at the bottom. However, charts don’t optimize well when you turn the device horizontally and the pop-up promotions were distracting during testing, detracting from the overall user experience. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | No |
MetaTrader 5 | |
Yes | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
Yes | No |
eSignal | |
No | No |
Trading Central | |
Yes | No |
STP Account | |
Yes | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | No |
PAMM Account | |
Yes | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | No |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Centobot for binary options |
Copy Trading | |
Yes | Yes |
Copy Trading Platform | |
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. | The copy trading tool is available for all account types, including the lowest - Bronze. You can pick a trader based on their returns and ranking. The sign-up process is quick and account activation is instant. |
Social Trading | |
Yes | Yes |
Trade Signals | |
Signal Centre | |
VPS Hosting | |
Yes | No |
Tournaments | |
No | Yes |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | Yes |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
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. | You can take positions on a range of popular trading markets including forex, stocks, energies and metals. Leverage is high at 1:500 and live spreads can be viewed in the web-accessible platform and app. |
Leverage | |
1:500 | 1:500 |
FTSE Spread | |
0.7 | Floating |
GBPUSD Spread< | |
0.4 | Floating |
Oil Spread | |
0.03 | Floating |
Stocks Spread | |
From 0.4 | Floating |
Forex | |
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. | Trade 24 forex pairs via binary options. Such a small range of currency pairs is not that unusual among binary options brokers, and BinaryCent's high payouts up to 95% compensate for the lack of range. |
Assets | |
45+ | 25+ |
GBPUSD Spread | |
0.3 | Floating |
EURUSD Spread | |
0.0 | Floating |
EURGBP Spread | |
0.0 | Floating |
Cryptocurrency | |
With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions. | BinaryCent offers trading on a decent list of cryptocurrencies, including major tokens like Bitcoin. The broker also accepts crypto deposits and withdrawals, making it straightforward to fund, trade and manage your activities in digital currencies. |
Spread | |
BTC 25, ETH 6 (Variable) | N/A |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Binary Options | |
BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities. | |
Payout | |
95% | |
Expiration Times | |
5 seconds - 30 days | |
Boundary Options | |
No | Yes |
Ladder Options | |
No | No |
ThinkMarkets | Binarycent |
71.89% of retail investor accounts lose money when trading CFDs with this provider. | |
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