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Swissquote vs ThinkMarkets 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Swissquote and ThinkMarkets? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Swissquote ranks more highly than ThinkMarkets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating expand_moreexpand_less Swissquote ThinkMarkets XTB
Overall Rating 8.5 / 10 7.3 / 10 8.7 / 10
Account Type expand_moreexpand_less Swissquote ThinkMarkets XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account Yes Yes Yes
Copy Trading expand_moreexpand_less Swissquote ThinkMarkets XTB
Social Trading / Copy Trading Yes Yes Yes
DupliTrade No No No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less Swissquote ThinkMarkets XTB
Cryptocurrency (Physical) Yes No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Swissquote ThinkMarkets XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Swissquote ThinkMarkets XTB
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Swissquote ThinkMarkets XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No No
Social Trading / Copy Trading Yes Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF Yes No No
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Swissquote ThinkMarkets XTB
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) Yes Yes No
Regulatory Licenses expand_moreexpand_less Swissquote ThinkMarkets XTB
Tier-1 Licenses 4 2 1
ASIC Authorised (Australia) No Yes No
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) Yes No No
FINMA Authorised (Switzerland) Yes No No
CFTC Registered (USA) No No No
Tier-2 Licenses 1 2 3
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Swissquote ThinkMarkets XTB
Trading Central (Recognia) Yes Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Swissquote ThinkMarkets XTB
Minimum Initial Deposit $1000 $250.00 $0
Average Spread EUR/USD - Standard N/A N/A 0.9 (Q3 2021)
All-in Cost EUR/USD - Active N/A N/A 0.9 (Q3 2021)
Active Trader or VIP Discounts Yes Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes No Yes
Trading Tools expand_moreexpand_less Swissquote ThinkMarkets XTB
Watchlists - Total Fields 7 15 8
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 49 30 39
Mobile Charting - Indicators / Studies 30 30 39
Trust Factors expand_moreexpand_less Swissquote ThinkMarkets XTB
Year Founded 1996 2010 2002
Publicly Traded (Listed) Yes No Yes
Bank Yes No No
Authorised in European Union Yes Yes Yes
Trust Score 99 86 95
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Swissquote vs ThinkMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs ThinkMarkets.

Can I trust Swissquote?

Swissquote has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust ThinkMarkets?

ThinkMarkets has a trust score of 86, giving it a "Trusted" trust label.

Is Swissquote a good broker?

Swissquote is a highly-trusted broker, offering a significant range of markets from within its in-house platform suite. It's worth noting that Swissquote's pricing is more expensive than what you'd find with low-cost brokers, and its forex account offers far fewer markets โ€“ including on MetaTrader โ€“ than Swissquote's eTrading account for share dealing.

Is ThinkMarkets a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Swissquote is SFC Authorised (Hong Kong), MAS Authorised (Singapore), FINMA Authorised (Switzerland) and FCA Authorised (U.K.), while ThinkMarkets is ASIC Authorised (Australia), FSA Authorised (Japan) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), CBI Authorised (Ireland), FMA Authorised (New Zealand) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Swissquote is DFSA / Central Bank Authorised (UAE), while ThinkMarkets is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia) and SEC Authorised (Thailand). When comparing tier-3 licenses unfortunately, neither Swissquote nor ThinkMarkets are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Swissquote supports a Proprietary Platform and Desktop Platform (Windows), whereas ThinkMarkets supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade., neither have cTrader and DupliTrade

Does Swissquote offer MetaTrader? Does ThinkMarkets offer MetaTrader?

Both Swissquote and ThinkMarkets offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If youโ€™re new to MetaTrader 4 hereโ€™s our educational guide on how to use MT4.

How do Swissquote and ThinkMarkets differ in terms of minimum deposit? What about average spreads and funding options?

Swissquote requires a minimum deposit of $1000, while ThinkMarkets requires a minimum deposit of $250.00. From our testing we found Swissquote offers spreads of N/A, while ThinkMarkets offers spreads of N/A. Swissquote supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where ThinkMarkets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Swissquote or ThinkMarkets?

Swissquote offers a more diverse selection of investment options than ThinkMarkets allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Swissquote has 466, compared to 1674 from ThinkMarkets.

Can I trade cryptocurrency with Swissquote or ThinkMarkets?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Swissquote nor ThinkMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Swissquote or ThinkMarkets?

In terms of research and research tools Swissquote gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison ThinkMarkets has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.




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