This contrast guide assists individuals who struggle to pick in between Skilling and ThinkMarkets to find the best online broker for their trading and investment needs. It assesses the highlights of the two brokers alongside to aid customers compare their service and make an informed choice.
To assist individuals choose the right broker between Skilling and ThinkMarkets to locate the best-suited platform, below is a checklist of broker’s benefits and drawbacks, adhered to by a contrast of their main trading functions, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, assets, policy, and client support.
Skilling vs. ThinkMarkets: Summary
Skilling is a multi-asset online broker headquartered in Cyprus. It is regulated by two tier-one regulators (the CySEC and FSA) and is therefore considered safe. Their users can trade on over 1,200 symbols, including forex, cryptocurrencies, shares, indices and commodities.
Skilling offers a proprietary platform (Trader) and a wide range of third-party plugins, including cTrader and MetaTrader 4. Skilling’s trading fees are average compared to similar brokers in the industry.
They charge a 0.1% taker fee on cryptocurrencies and spreads of 0.7 pips on EUR/USD. Skilling charges currency conversion and inactivity fees of 10 EUR/month after 12 months of account inactivity. Users have one free withdrawal per month.
Skilling’s customer service is available through a contact form, live chat, and phone (+44 208 080 6555). Additionally, users can find helpful information in the broker’s Help Centre
ThinkMarkets is an online forex and CFD broker founded in 2010. It is regulated by 5 tier-one regulators, including the FCA, ASIC and MiFID. Users can trade on 3,500 financial instruments, including forex and CFDs on stocks, precious metals, indices, commodities, and cryptocurrencies. Their trading platforms include a proprietary platform (ThinkTrader), MetaTrader 4, and MetaTrader 5.
ThinkMarkets trading fees are average compared to other similar brokers from the industry. They charge 0% commission on stocks and CFDs and spreads from 0.4 pips (EUR/USD). ThinkMarkets also charges inactivity fees of $25/month.
ThinkMarket’s customer support is available through email (support@thinkmarkets.com), phone (+357 252 62149), and live chat in Arabic and English.
Pros
- Low minimum deposit ($100)
- 0% Commissions on global stocks CFDs
- Wide range of trading platforms (proprietary, cTrader, and MetaTrader 4)
- Social Copy Trading platform availability
- Cryptocurrency trading and investing opportunities
Cons
- Max. leverage on cryptocurrency only 1:2
- High spreads on standard and non-professional accounts
- Lacks educational and research material
Pros
- Low minimum deposit ($0)
- Commission-free stock and CFD trading and $0,25 futures contracts
- MT4 and MT5 integration
- Wide range of educational materials
- Islamic swap-free, and zero spread accounts
Cons
- Spreads on forex are relatively high compared to other brokers
- Inactivity fees
Key features
- 1,200+ financial instruments across 7 asset classes
- Multiple trading platforms
- Commission-free stock CFD trading
- Set-and-forget copy trading services
- A broad range of payment methods
- Cryptocurrency trading and investing
Key features
- Commission-free stock and CFD trading (3,500+ assets)
- Compatible with the full MetaTrader suite (4 & 5)
- Regulated by multiple bodies (FCA, ASIC, FSCA, FSA, CySEC, and JFSA)
- Wide range of educational resources available
- Free VPS Server access
Skilling vs. ThinkMarkets Comparison
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Skilling
ThinkMarkets
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1000:1 | 2000:1 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.7 | 1.1 |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 4.5 | 1.9 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0 |
| Misc. Fees | 0 | 0 |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100.00 | $0.00 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 73 | 48 |
| CFD Indices & Funds | 18 | 381 |
| CFD Stocks | 760 | 3548 |
| CFD Commodities | 6 | 15 |
| CFD Crypto | 50 | 27 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Skilling vs. ThinkMarkets Comparison Conclusion
The outcomes of our comparison of Skilling vs. ThinkMarkets are involved the table below.
| Broker: | Best For: |
| Skilling | Forex, CFD & Copy Trading |
| ThinkMarkets | Forex and CFDs on Stocks |
Choosing the right selection in between Skilling and ThinkMarkets can be hard. Both online brokers have similarities but vary regarding trading instruments, systems & apps, regulation, down payment & withdrawals, and research and education and learning. Picking the best broker depends on users’ trading & financial investment objectives, private preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.