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OctaFX vs ThinkMarkets | Broker Comparison

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Basic Information

Year Founded

First broker:

2011

Second broker:

Headquarters Location

First broker:

St. Vincent & Grenadines

Second broker:

Publicly Traded (Entity or Parent)

First broker:

YES

Second broker:

Regulated?

First broker:

YES

Second broker:

Primary Regulator

First broker:

CySEC

Second broker:

Minimum Deposit

First broker:

$5

Second broker:

Fixed Spreads?

First broker:

YES

Second broker:

Trading Type

First broker:

ECN, STP

Second broker:

Commissions on Trades

First broker:

NO

Second broker:

CFD Loss Rate

First broker:

73% loss rate on CFDs

Second broker:

Maximum Leverage

First broker:

1:500

Second broker:

Currency Pairs Offered

First broker:

28

Second broker:

General Average Rating - 3 scale

First broker:

2,10

Second broker:

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

YES

3,0

Second broker:

Responsiveness

First broker:

96% customer satisfaction

2,5

Second broker:

FAQs? Quality?

First broker:

Below Average

1,5

Second broker:

Summary Score

First broker:

2,33

Second broker:

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

STP ECN broker, NDD

2,5

Second broker:

Pro #2

First broker:

Received many awards

2,5

Second broker:

Pro #3

First broker:

Low fees

2,5

Second broker:

Con #1

First broker:

Poor asset coverage

1,0

Second broker:

Con #2

First broker:

cTrader platform limited

1,0

Second broker:

Con #3

First broker:

Security needs upgrade

1,0

Second broker:

Summary Score

First broker:

1,75

Second broker:

Broker links

First broker: Take Me To Broker Read Full Review

Second broker: Take Me To Broker Read Full Review