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Trade Nation vs ThinkMarkets 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Trade Nation 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, Trade Nation 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 Trade Nation ThinkMarkets FOREX.com
Overall Rating 7.1 / 10 7.3 / 10 8.7 / 10
Account Type expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes Yes
Copy Trading expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Social Trading / Copy Trading No Yes No
DupliTrade No No No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin No Yes Yes
ethereum No Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
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 Trade Nation ThinkMarkets FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting Yes No No
Social Trading / Copy Trading No Yes No
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No No Yes
ETF No No Yes
U.S. Stocks (CFD) No Yes Yes
Trading Platforms expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
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) No Yes Yes
Regulatory Licenses expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Tier-1 Licenses 2 2 4
ASIC Authorised (Australia) Yes Yes No
IIROC Authorised (Canada) No No Yes
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 2 2
Tier-3 Licenses 1 0 1
Research, Education expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Trading Central (Recognia) No Yes Yes
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary No Yes Yes
Autochartist No No No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) No Yes No
Trading Costs expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Minimum Initial Deposit $0 $250.00 $100
Average Spread EUR/USD - Standard 0.6 N/A 1.1 (US August 2021)
All-in Cost EUR/USD - Active 0.6 N/A 1.1 (US August 2021)
Active Trader or VIP Discounts No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Watchlists - Total Fields 12 15 18
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 35 30 139
Mobile Charting - Indicators / Studies 95 30 88
Trust Factors expand_moreexpand_less Trade Nation ThinkMarkets FOREX.com
Year Founded 2014 2010 1999
Publicly Traded (Listed) No No Yes
Bank No No No
Authorised in European Union No Yes Yes
Trust Score 83 86 99
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Trade Nation 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 Trade Nation vs ThinkMarkets.

Can I trust Trade Nation?

Trade Nation has a trust score of 83, giving it a "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 Trade Nation a good broker?

Trade Nation offers an innovative platform suite that is optimized for ease-of-use, and great for beginners. That being said, the lack of advanced trading features may leave experienced traders wanting more.

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. Trade Nation is ASIC Authorised (Australia) and FCA Authorised (U.K.), while ThinkMarkets is ASIC Authorised (Australia), FSA Authorised (Japan) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) 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, Trade Nation is FSCA Authorised (South Africa), while ThinkMarkets is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Trade Nation is SCB Authorised (Bahamas), while ThinkMarkets is none., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Trade Nation 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 Trade Nation offer MetaTrader? Does ThinkMarkets offer MetaTrader?

For MetaTrader Trade Nation provides MetaTrader 4 (MT4), while ThinkMarkets provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

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

Trade Nation requires a minimum deposit of $0, while ThinkMarkets requires a minimum deposit of $250.00. From our testing we found Trade Nation offers spreads of 0.6, while ThinkMarkets offers spreads of N/A. Both Trade Nation and ThinkMarkets offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, Trade Nation or ThinkMarkets?

Trade Nation offers a more diverse selection of investment options than ThinkMarkets allowing you to trade Forex Trading, Trading - Forex or CFDs, Spread Betting, Metals and Energies., neither have Agriculturals and ETF Looking at total tradeable symbols, Trade Nation has 601, compared to 1674 from ThinkMarkets.

Can I trade cryptocurrency with Trade Nation 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 Trade Nation nor ThinkMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Trade Nation or ThinkMarkets?

In terms of research and research tools Trade Nation gives traders the following tools: Stock Charts and Forex News (Top-Tier Sources). 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., neither have Autochartist




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