Comparison of ThinkMarkets and XM
| Feature | ThinkMarkets | XM |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 2009 |
| Broker Type | STP | MM |
| Dealing | A-book | B-book |
| Execution | Market | Market |
| Regulation | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA | BFSC, CySEC, ASIC, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:1000 |
| Minimum Deposit | $1 | $5 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
| Funding Methods | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
| Inactivity Fee | $/£/€30 per month after 90 days of inactivity | $15 after 12 months |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
| Protection Size | £85 000 / €20 000 | €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, ETFs, Futures | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | ThinkMarkets Review | XM Review |
About ThinkMarkets
ThinkMarkets is a multi-regulated broker founded in 2010 that offers 4,000+ CFD instruments across forex, indices, stocks, metals, energies, crypto and ETFs. Traders can choose between MT4/MT5 or the proprietary ThinkTrader platform, plus TradingView integration, with raw-spread ThinkZero accounts or commission-free Standard accounts.
Pros
- Multi-regulated (FCA, ASIC, FSCA, CySEC, FSA)
- Raw spreads from 0.0 on ThinkZero
- 4,000+ instruments; 3,500+ share CFDs and 300+ ETFs on MT5
- Copy trading via ThinkCopy; VPS; EAs/scalping allowed
- Signal Centre, Autochartist, Trading Central
- 24/7 multilingual support
- Modern funding incl. Apple Pay, Google Pay and crypto
Cons
- ThinkZero first deposit from $500
- Inactivity fee may apply after prolonged dormancy (entity-dependent)
- Global entity does not onboard residents from several jurisdictions
About XM
XM is a globally recognized forex and CFD broker established in 2009. Regulated by reputable financial authorities such as the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ASIC), XM provides a secure and transparent trading environment. The broker offers access to over 1000 financial instruments, including forex pairs, commodities, indices, metals, and energies, catering to both novice and experienced traders. One of XM's standout features is its commitment to client education and support. The broker provides extensive educational resources like webinars, tutorials, and market analyses to help traders make informed decisions. With multiple account types, competitive spreads, and support for popular trading platforms like MetaTrader 4 and MetaTrader 5, XM aims to deliver a flexible and user-friendly trading experience tailored to individual needs.
Pros
- Regulated by reputable authorities
- Wide range of trading instruments
- Multiple account types
- Competitive spreads and leverage
- Comprehensive educational resources
- Advanced trading platforms
- Multilingual customer support
Cons
- Inactivity fees
- Restricted in certain countries
ThinkMarkets & XM Regulation
| Feature | ThinkMarkets | XM |
|---|---|---|
Companies | TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited | XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited |
Countries | United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan | Belize, Cyprus, Australia, United Arab Emirates |
Regulators | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA | BFSC, CySEC, ASIC, DFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) | Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 / €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
ThinkMarkets
TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited
XM
XM Global Limited, Trading Point Of Financial Instruments Ltd, Trading Point of Financial Instruments Pty Limited, Trading Point MENA Limited
Countries
ThinkMarkets
United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan
XM
Belize, Cyprus, Australia, United Arab Emirates
Regulators
ThinkMarkets
SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA
XM
BFSC, CySEC, ASIC, DFSA
Investor Protection
ThinkMarkets
UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF)
XM
Investor Compensation Fund (ICF)
Investor Protection Size
ThinkMarkets
£85 000 / €20 000
XM
€20 000
Publicly Traded
ThinkMarkets
XM
Segregated Accounts
ThinkMarkets
XM
Guaranteed Stop Loss
ThinkMarkets
XM
Negative Balance Protection
ThinkMarkets
XM
Account Types
| Account | ThinkMarkets | XM |
|---|---|---|
Market Maker Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
STP Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1.1 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | ThinkZero | — |
| Min Deposit | $500 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.0 | — |
| Fee | $7 per 1 lot | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Cent Account | ||
| Account Name | — | Micro |
| Min Deposit | — | $5 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.6 |
| Fee | — | No |
| Max Leverage | — | 1:1000 |
| Stop Out | — | 20% |
| Margin Call | — | 50% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Market Maker Account
Account Name
ThinkMarkets
—
XM
Standard
Min Deposit
ThinkMarkets
—
XM
$5
Lot Size
ThinkMarkets
—
XM
0.01
Spread Type
ThinkMarkets
—
XM
Floating
Execution
ThinkMarkets
—
XM
Market
Min Spread
ThinkMarkets
—
XM
1.6
Fee
ThinkMarkets
—
XM
No
Max Leverage
ThinkMarkets
—
XM
1:1000
Stop Out
ThinkMarkets
—
XM
20%
Margin Call
ThinkMarkets
—
XM
50%
STP Account
Account Name
ThinkMarkets
Standard
XM
—
Min Deposit
ThinkMarkets
$1
XM
—
Lot Size
ThinkMarkets
0.01
XM
—
Spread Type
ThinkMarkets
Floating
XM
—
Execution
ThinkMarkets
Market
XM
—
Min Spread
ThinkMarkets
1.1
XM
—
Fee
ThinkMarkets
No
XM
—
Max Leverage
ThinkMarkets
1:500
XM
—
Stop Out
ThinkMarkets
50%
XM
—
Margin Call
ThinkMarkets
100%
XM
—
Zero Account
Account Name
ThinkMarkets
ThinkZero
XM
—
Min Deposit
ThinkMarkets
$500
XM
—
Lot Size
ThinkMarkets
0.01
XM
—
Spread Type
ThinkMarkets
Floating
XM
—
Execution
ThinkMarkets
Market
XM
—
Min Spread
ThinkMarkets
0.0
XM
—
Fee
ThinkMarkets
$7 per 1 lot
XM
—
Max Leverage
ThinkMarkets
1:500
XM
—
Stop Out
ThinkMarkets
50%
XM
—
Margin Call
ThinkMarkets
100%
XM
—
Cent Account
Account Name
ThinkMarkets
—
XM
Micro
Min Deposit
ThinkMarkets
—
XM
$5
Lot Size
ThinkMarkets
—
XM
0.01
Spread Type
ThinkMarkets
—
XM
Floating
Execution
ThinkMarkets
—
XM
Market
Min Spread
ThinkMarkets
—
XM
1.6
Fee
ThinkMarkets
—
XM
No
Max Leverage
ThinkMarkets
—
XM
1:1000
Stop Out
ThinkMarkets
—
XM
20%
Margin Call
ThinkMarkets
—
XM
50%
Additional Features
Demo Account
ThinkMarkets
XM
VIP Account
ThinkMarkets
XM
Swap-Free Account
ThinkMarkets
XM
Copy Trading
ThinkMarkets
XM
VPS
ThinkMarkets
XM
PAMM/MAM Accounts
ThinkMarkets
XM
Funding and Fees
| Feature | ThinkMarkets | XM |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD | USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF |
Deposit and withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) | Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney |
Inactivity fee | $/£/€30 per month after 90 days of inactivity | $15 after 12 months |
Interest on margin | ||
Withdrawal fee |
Base currencies
ThinkMarkets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD
XM
USD, EUR, GBP, AUD, CHF, JPY, PLN, ZAR, SGD, HUF
Deposit and withdrawal methods
ThinkMarkets
Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC)
XM
Bank Wire, Credit Card, Debit Card, FasaPay, Giropay, IDEAL, Jeton, Mobile Money, MuchBetter, Neteller, NganLuong, Paysafecard, Perfect Money, POLi, Przelewy24, Skrill, STICPAY, Trustly, China UnionPay, WebMoney
Inactivity fee
ThinkMarkets
$/£/€30 per month after 90 days of inactivity
XM
$15 after 12 months
Interest on margin
ThinkMarkets
XM
Withdrawal fee
ThinkMarkets
XM
Trading Platforms and Conditions
| Feature | ThinkMarkets | XM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | - | 0 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
ThinkMarkets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy
XM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
Execution Speed
ThinkMarkets
-
XM
0 ms
Scalping
ThinkMarkets
XM
Expert Advisors (EAs)
ThinkMarkets
XM
Depth of Market (DOM)
ThinkMarkets
XM
Spread
ThinkMarkets
low
XM
low
Trading Assets
| Asset | ThinkMarkets | XM |
|---|---|---|
Currencies | 46 | 55 |
Indices | 15 | 50 |
Stocks | 3305 | 1307 |
Cryptocurrencies | 21 | 58 |
Bonds | 0 | 0 |
Metals | 10 | 3 |
Energies | 3 | 3 |
Soft Commodities | 3 | 8 |
ETFs | 364 | 0 |
Currencies
ThinkMarkets
46
XM
55
Indices
ThinkMarkets
15
XM
50
Stocks
ThinkMarkets
3305
XM
1307
Cryptocurrencies
ThinkMarkets
21
XM
58
Bonds
ThinkMarkets
0
XM
0
Metals
ThinkMarkets
10
XM
3
Energies
ThinkMarkets
3
XM
3
Soft Commodities
ThinkMarkets
3
XM
8
ETFs
ThinkMarkets
364
XM
0
Education and Analytics
| Feature | ThinkMarkets | XM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
ThinkMarkets
XM
Indicators
ThinkMarkets
XM
Robots
ThinkMarkets
XM
Signals
ThinkMarkets
XM
Autochartist
ThinkMarkets
XM
Expert Analytics
ThinkMarkets
XM
News Feed
ThinkMarkets
XM
Education Articles
ThinkMarkets
XM
Webinars
ThinkMarkets
XM
Seminars
ThinkMarkets
XM
Bonuses
| Bonus | ThinkMarkets | XM |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 100%, up to $5000 |
| Details | — | Learn More |
Welcome Bonus
Is available
ThinkMarkets
XM
Size
ThinkMarkets
—
XM
100%, up to $5000
Details
ThinkMarkets
—
Contests
| Feature | ThinkMarkets | XM |
|---|---|---|
| Live Contests | ||
| Is available | ||
| Contests List | — |
|
Live Contests
Is available
ThinkMarkets
XM
Contests List
ThinkMarkets
—
XM
- StarterStart Balance: $500 · Prize Pool: $15000 · Period: WeeklyLearn More
- ProStart Balance: $1000 · Prize Pool: $30,000 · Period: WeeklyLearn More
Customer Support
| Contact | ThinkMarkets | XM |
|---|---|---|
Email | support@thinkmarkets.com | support@xm.com |
Phone | +442035142374 | +5012236696 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | ||
TikTok | — | TikTok |
Email
ThinkMarkets
Phone
ThinkMarkets
TikTok
ThinkMarkets
—
XM
Which Broker is Better?
After comparing ThinkMarkets and XM, XM comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.