Zenfinex vs ThinkMarkets

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

Zenfinex vs ThinkMarkets Comparison Table 2024
Zenfinex ThinkMarkets
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2.8
Zenfinex is ranked #92 among CFD brokers. ThinkMarkets is ranked #35 among CFD brokers.
Review
Review
Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4. 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
  • 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
  • $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
Forex, CFDs, indices, commodities CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only)
Demo Account
Yes Yes
Minimum Deposit
$50 $0
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, SVGFSA FCA, ASIC, CySEC, FSCA, JFSA, FSA, DFSA, FMA
Mobile Apps
Yes iOS & Android
iOS App Rating
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4.8
Android App Rating
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4
Margin Trading
No Yes
MetaTrader 4
Yes Yes
MetaTrader 5
Yes Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No Yes
eSignal
No No
Trading Central
No Yes
STP Account
No Yes
ECN Account
No No
DMA Account
No No
MAM Account
No 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
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders. 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
Yes Signal Centre
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No 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
  • AUD
  • JPY
  • CHF
Commodities
  • Gold
  • Silver
  • Gold
  • Oil
  • Natural Gas
  • Silver
  • Platinum
  • Copper
CFD
Leveraged contracts for difference are available on multiple financial markets. 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 (UK), 1:400 (Global) 1:500
FTSE Spread
2.0 0.7
GBPUSD Spread<
0.3 0.4
Oil Spread
0.05 0.03
Stocks Spread
N/A From 0.4
Forex
Ultra competitive spreads are available on forex pairs at Zenfinex. 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
50+ 45+
GBPUSD Spread
0.3 0.3
EURUSD Spread
0.1 0.0
EURGBP Spread
0.3 0.0
Zenfinex ThinkMarkets
Review
Review
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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