ThinkMarkets vs easyMarkets

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

ThinkMarkets vs easyMarkets Comparison Table 2024
ThinkMarkets easyMarkets
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2.8
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3.5
ThinkMarkets is ranked #34 among CFD brokers. easyMarkets is ranked #13 among CFD 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. Established in 2001, easyMarkets has made for a name for itself as a trusted, fixed spread broker. Improvements to its tools over the years, from adding the MetaTrader suite and TradingView to enhancing its exclusive risk management tools like dealCancellation, mark it out from the competition.
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
  • Unlike variable spreads offered by 90%+ of brokers we've tested, easyMarkets provides fixed spreads from 0.7 pips. This makes trading costs predictable, a significant advantage for beginners and those trading in volatile markets.
  • easyMarkets added Bitcoin as a base currency in 2019. This marks it out against most of the market and eliminates the need to convert crypto to fiat, reducing conversion fees and simplifying management for crypto-focused traders.
  • With 20+ years in the industry, multiple awards, and authorization from two ‘green tier’ regulators, easyMarkets continues to earn its reputation as a secure broker for active traders.
  • easyMarkets takes risk management seriously, with negative balance protection plus guaranteed stop losses and its dealCancellation (enhanced in 2024 to include periods of 1, 3, or 6 hours) in the Web Trader.
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
  • easyMarkets does not offer a zero-spread account like Pepperstone, which can be a drawback for traders and high-frequency traders who require minimal transaction costs.
  • easyMarkets is falling behind by not providing the copy trading features you get at category leader eToro, which are popular among beginners looking to follow the strategies of experienced traders.
  • While easyMarkets provides solid educational resources for beginners, they fall short for advanced traders. The Academy offers well-structured courses and engaging gamification, but the overall content lacks depth.
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
  • Leading Broker of the Year 2024 - Forex Expo Dubai
  • Best Regulated Broker 2024 - Smart Vision Summit – South Africa
  • Best Forex Broker 2024 - TradingView Broker Awards
  • Best Global Broker 2023 - Dubai Expo
  • Best Cryptocurrency Innovation UAE 2022 - Finance Derivative Magazine
  • Most Trusted Broker 2022 - Smart Vision Investment Expo Egypt
  • Most Reputable Multi-Asset Broker 2022 - Forex Expo Dubai
  • Most Trusted Forex Broker in Middle East 2022 - Fin Expo Egypt
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only) CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes Yes
Minimum Deposit
$0 $25
Payment Methods
Minimum Trade
0.01 Lots 0.01 lots
Regulator
FCA, ASIC, CySEC, FSCA, JFSA, FSA, DFSA, FMA CySEC, ASIC, FSCA, FSC, FSA
Mobile Apps
iOS & Android iOS & Android
Trading App

The easyMarkets app is a great fit for active traders. It allows full customization, including light and dark mode, and integrates useful tools like market news, a macroeconomic calendar, and trading signals all in one app. Where it stands out is its advanced features like multiple trading ticket options (Day Trade, Vanilla Options, Pending Orders). With dealCancellation, you can also undo losing trades within 1, 3, or 6 hours.

iOS App Rating
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rating full
4.8
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4.6
Android App Rating
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4
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3.6
Margin Trading
Yes Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes Yes
Autochartist
Yes No
eSignal
No No
Trading Central
Yes Yes
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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
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.
Social Trading
Yes No
Trade Signals
Signal Centre
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$0 $25
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • TRY
  • SEK
  • NOK
  • CHF
  • HKD
  • SGD
  • PLN
  • CZK
  • MXN
  • CNY
Commodities
  • Gold
  • Oil
  • Natural Gas
  • Silver
  • Platinum
  • Copper
  • Gold
  • Silver
  • Palladium
  • Soybeans
  • Platinum
  • Copper
  • Oil
  • Natural Gas
  • Wheat
  • Sugar
  • Coffee
  • Corn
  • Cotton
  • Cocoa
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. While the growing selection of 275+ CFDs still trails category leaders like BlackBull with its 26,000+ underlying assets, easyMarkets shines for its proprietary risk management tools. These include easyTrade which caps your risk to dealCancellation that provides a 1, 3, or 6-hour margin to cancel your order if the market moves against you.
Leverage
1:500 1:2000
FTSE Spread
0.7 1.0
GBPUSD Spread<
0.4 0.9
Oil Spread
0.03 1.1
Stocks Spread
From 0.4 0.25 (Apple)
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. easyMarkets offers 60+ major and minor currency pairs but no exotics. Forex traders will appreciate the access to the industry’s leading software MT4, paired with the broker’s fixed spreads from 0.7 pips on EUR/USD, offering a degree of price certainty.
Assets
45+ 60+
GBPUSD Spread
0.3 0.9
EURUSD Spread
0.0 0.7
EURGBP Spread
0.0 1.0
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. easyMarkets excels for serious crypto traders, featuring 20 popular digital tokens, including Bitcoin and Ethereum, paired with the US dollar. Its introduction of a BTC account also makes for a seamless user experience for dedicated crypto traders while cutting conversion fees.
Spread
BTC 25, ETH 6 (Variable) 62 (BTC)
Coins
  • BCH
  • LTC
  • XMR
  • DOGE
  • XLM
  • BTC
  • ETH
  • XRP
  • BTC
  • XRP
  • ETH
  • LTC
  • BCH
  • XLM
  • ADA
  • ALG
  • SOL
  • UNI
  • DOT
  • LNK
  • ZEC
  • OMG
  • MTC
  • DSH
  • DOG
  • XMR
  • CHZ
  • AVA
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
ThinkMarkets easyMarkets
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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