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Trading 212 vs ThinkMarkets 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Trading 212 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, Trading 212 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 Trading 212 ThinkMarkets IG
Overall Rating 7.4 / 10 7.3 / 10 9.7 / 10
Account Type expand_moreexpand_less Trading 212 ThinkMarkets IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes No
Copy Trading expand_moreexpand_less Trading 212 ThinkMarkets IG
Social Trading / Copy Trading No Yes Yes
DupliTrade No No No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less Trading 212 ThinkMarkets IG
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 Trading 212 ThinkMarkets IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Trading 212 ThinkMarkets IG
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 Trading 212 ThinkMarkets IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading No Yes Yes
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals Yes No Yes
ETF Yes No Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Trading 212 ThinkMarkets IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No Yes Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less Trading 212 ThinkMarkets IG
Tier-1 Licenses 1 2 7
ASIC Authorised (Australia) No Yes Yes
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 2 2
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Trading 212 ThinkMarkets IG
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) No Yes Yes
Trading Costs expand_moreexpand_less Trading 212 ThinkMarkets IG
Minimum Initial Deposit EUR 10 $250.00 ยฃ250.00
Average Spread EUR/USD - Standard N/A N/A 0.86 (September 2022)
All-in Cost EUR/USD - Active N/A N/A 0.365 (May 2020)
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) Yes No Yes
Trading Tools expand_moreexpand_less Trading 212 ThinkMarkets IG
Watchlists - Total Fields 5 15 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 45 30 33
Mobile Charting - Indicators / Studies 45 30 33
Trust Factors expand_moreexpand_less Trading 212 ThinkMarkets IG
Year Founded 2004 2010 1974
Publicly Traded (Listed) No No Yes
Bank No No Yes
Authorised in European Union Yes Yes Yes
Trust Score 77 86 99
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Trading 212 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 Trading 212 vs ThinkMarkets.

Can I trust Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" 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 Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex 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. Trading 212 is 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, Trading 212 is CySEC Authorised (Cyprus), 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), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither Trading 212 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 Trading 212 supports a Proprietary Platform, whereas ThinkMarkets supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade., neither have cTrader and DupliTrade

Does Trading 212 offer MetaTrader? Does ThinkMarkets offer MetaTrader?

For MetaTrader Trading 212 provides neither of these, 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 Trading 212 and ThinkMarkets differ in terms of minimum deposit? What about average spreads and funding options?

Trading 212 requires a minimum deposit of EUR 10, while ThinkMarkets requires a minimum deposit of $250.00. From our testing we found Trading 212 offers spreads of N/A, while ThinkMarkets offers spreads of N/A. Trading 212 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, Trading 212 or ThinkMarkets?

Trading 212 offers a more diverse selection of investment options than ThinkMarkets allowing you to trade Forex Trading, Trading - Forex or CFDs, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Trading 212 has 1785, compared to 1674 from ThinkMarkets.

Can I trade cryptocurrency with Trading 212 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 Trading 212 nor ThinkMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Trading 212 or ThinkMarkets?

In terms of research and research tools Trading 212 gives traders the following tools: Daily Market Commentary, 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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