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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 vs Binarycent Comparison Table 2024
ThinkMarkets	Binarycent

2.8	3
ThinkMarkets is ranked #35 among CFD brokers.	Binarycent is ranked #9 among binary options brokers.
Review	Review
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
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	Simple and straightforward proprietary platform for binary options trading Payouts up to 95% are higher than most competitors and increases profit potential Trade binary contracts from $0.10 allowing trading opportunities for all budgets Copy trading and binary options bots are useful for beginner traders Accepts a wide range of funding methods, including cryptos and e-wallets
Cons
$500 minimum deposit for ThinkZero account Not many payment methods available for UK traders Limited bonus offers, refer-a-friend schemes or trading competitions	Not available to traders based in the US The $250 minimum deposit is higher than most binary options brokers Not overseen by any reputable regulator, raising risks and reducing customer protections
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	Tech Finance - Journal Award - 2015 iFX Expo Asia Award - 2016
FCA Regulated
Yes	No List of FCA Regulated Brokers
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
Apple Pay Credit Cards Google Pay Mastercard Neteller Skrill Visa Wire Transfer	Credit Cards Debit Card Mastercard Neteller Perfect Money Skrill Visa WebMoney Wire Transfer
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.
iOS App Rating
4.8	3
Android App Rating
4	3
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
USD EUR GBP AUD JPY CHF	USD
Commodities
Gold Oil Natural Gas Silver Platinum Copper	Gold Silver Oil
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
BCH LTC XMR DOGE XLM BTC ETH XRP	ZEC XRP XMR SAN OMG LTC BTC IOT ETH ETC EOS DSH
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
Review	Review
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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