Account One01
Standard
Advertised Spread
0.4 - 1.0
Commission
$0
Minimum Deposit
$50
Detailed Trading Account Comparison
Trading Account Comparison: ThinkMarkets Standardvs XS Elite
Explore differences in spreads, commissions, deposits and trading conditions, alongside a detailed review of each account's advantages and limitations.
Account Two02
Elite
Advertised Spread
0.0 – 0.2
Commission
Not specified
Minimum Deposit
$500
ACCOUNT OVERVIEW
What Makes ThinkMarkets Standard Different from XS Elite?
Before comparing the numbers, it is important to understand the purpose of each account and the conditions that may make it suitable for different traders.
ThinkMarkets Standard
The ThinkMarkets Standard account is the standard option categorized by Broker Alarab for MT4 and MT5 traders. Its listed spreads range from 0.4–1.0 pips with a recorded average of 0.7 pips, there is no separate trading commission, the minimum deposit is $50 and orders use Market Execution. It provides a different pricing choice from the low-spread ThinkZero account and differs from ThinkTrader in its target users and deposit requirement.
XS Elite
The XS Elite account is the most spread-focused XS account in Broker Alarab data, with a displayed range of 0.0–0.2 pips and a $6-per-lot commission. The minimum deposit is $500 and orders use Market Execution, making Elite particularly relevant to active and spread-sensitive traders who evaluate spread and commission together.
SIDE-BY-SIDE COMPARISON
Compare Trading Accounts, Spreads, Commissions and Platforms
Review spreads, commissions, minimum deposits, trading platforms, execution methods and broker-level regulatory information.
ThinkMarkets
Standard
XS
Elite
01 — Basic Account Information
Compare the broker, account name, account classification and regulatory information.
Broker
ThinkMarkets
ThinkMarkets
XS
XS
Account Name
ThinkMarkets
Standard
XS
Elite
Account Type
ThinkMarkets
standard
XS
raw
Broker Regulatory Licenses
Broker-level regulatory information. Verify which legal entity serves your country.
ThinkMarkets
FCA | ASIC | CySEC | FSCA | FSA
XS
ASIC | CySEC | FSA | LFSA | FSCA | FSC | SCA
02 — Spreads and Trading Costs
Compare the recorded trading costs without assuming undocumented pricing.
Advertised Spread Range
ThinkMarkets
0.4 - 1.0
XS
0.0 – 0.2
Minimum Recorded Spread
Based on the available account information.
ThinkMarkets
0.4
XS
0
Average Recorded Spread
ThinkMarkets
0.7
XS
0.1
Advertised Commission
ThinkMarkets
$0
XS
Not specified
03 — Deposits and Execution
Review account funding requirements and order execution characteristics.
Minimum Deposit
ThinkMarkets
$50
XS
$500
Order Execution Method
ThinkMarkets
Market Execution
XS
Market Execution
Trading Platforms
Available platforms may differ by account type.
ThinkMarkets
ThinkTrader | MT4 | MT5 | TradingView
XS
MT4 | MT5
04 — Account Features and Conditions
Review relevant account characteristics and trading suitability.
Scalping Suitability
An internal classification, not a guarantee of suitability.
ThinkMarkets
Not classified in this category
XS
Not classified in this category
05 — Broker Information and Regulation
Broker-level information does not guarantee that every license applies to the selected account.
Listed Regulatory Licenses
ThinkMarkets
FCA | ASIC | CySEC | FSCA | FSA
XS
ASIC | CySEC | FSA | LFSA | FSCA | FSC | SCA
Broker Maximum Leverage
Actual leverage may depend on the account, jurisdiction and legal entity.
ThinkMarkets
1:500
XS
1:2000
Open a Trading Account
ThinkMarkets
Open Account ↗Information is based on records available to Broker Alarab. Trading conditions may vary by account, country and legal entity.
| Comparison Criteria | ThinkMarkets Standard | XS Elite |
|---|---|---|
01 — Basic Account Information Compare the broker, account name, account classification and regulatory information. | ||
| Broker | ThinkMarkets | XS |
| Account Name | Standard | Elite |
| Account Type | standard | raw |
| Broker Regulatory Licenses Broker-level regulatory information. Verify which legal entity serves your country. | FCA | ASIC | CySEC | FSCA | FSA | ASIC | CySEC | FSA | LFSA | FSCA | FSC | SCA |
02 — Spreads and Trading Costs Compare the recorded trading costs without assuming undocumented pricing. | ||
| Advertised Spread Range | 0.4 - 1.0 | 0.0 – 0.2 |
| Minimum Recorded Spread Based on the available account information. | 0.4 | 0 |
| Average Recorded Spread | 0.7 | 0.1 |
| Advertised Commission | $0 | Not specified |
03 — Deposits and Execution Review account funding requirements and order execution characteristics. | ||
| Minimum Deposit | $50 | $500 |
| Order Execution Method | Market Execution | Market Execution |
| Trading Platforms Available platforms may differ by account type. | ThinkTrader | MT4 | MT5 | TradingView | MT4 | MT5 |
04 — Account Features and Conditions Review relevant account characteristics and trading suitability. | ||
| Scalping Suitability An internal classification, not a guarantee of suitability. | Not classified in this category | Not classified in this category |
05 — Broker Information and Regulation Broker-level information does not guarantee that every license applies to the selected account. | ||
| Listed Regulatory Licenses | FCA | ASIC | CySEC | FSCA | FSA | ASIC | CySEC | FSA | LFSA | FSCA | FSC | SCA |
| Broker Maximum Leverage Actual leverage may depend on the account, jurisdiction and legal entity. | 1:500 | 1:2000 |
| Open a Trading Account | Open Account ↗ | Open Account ↗ |
Information is presented as recorded by Broker Alarab. Spread and commission figures should not be treated as directly comparable without verifying the instrument, pricing units and fee structure.
EXPERT ANALYSIS
Broker Alarab's Assessment of Both Accounts
We review each account independently, highlighting strengths, limitations and the types of traders it may suit, without declaring an unsupported winner.
ThinkMarkets
Standard
XS
Elite
Broker Alarab's Assessment
We see ThinkMarkets Standard as a clear option for MT4 or MT5 users who prefer pricing without a separate trading commission. Its listed spread range is 0.4–1.0 pips with a 0.7-pip recorded average and a $50 minimum deposit. Traders primarily seeking tighter spreads should compare it with ThinkZero, while ThinkTrader and TradingView users have a separately categorized account.
Broker Alarab's Assessment
We see XS Elite as particularly relevant to active traders who place significant weight on tight spreads and are comfortable with a separate commission model. Its 0.0–0.2 pip range is the tightest among XS accounts in our data, but the $6-per-lot commission makes comparison with Pro essential when determining the better total cost for a specific trading style.
Account Advantages
- ✓No separate trading commission according to Broker Alarab data
- ✓Listed spreads of 0.4–1.0 pips with a 0.7-pip recorded average
- ✓Categorized for MT4 and MT5 traders
- ✓Minimum deposit is $50
- ✓Simpler pricing model than ThinkZero for users who prefer no separate commission
Account Advantages
- ✓Spreads range from 0.0–0.2 pips according to Broker Alarab data
- ✓Tightest displayed spread range among XS accounts in our dataset
- ✓Pricing model can suit traders who are particularly sensitive to spread costs
- ✓Worth evaluating for active traders closely monitoring entry and exit costs
- ✓Commission is clearly defined at $6 per lot in our account data
Disadvantages and Considerations
- !The listed spread range is wider than ThinkZero
- !The minimum deposit is higher than ThinkTrader
- !No separate commission does not mean trading cost is zero
- !Users prioritizing ThinkTrader or TradingView have another account categorized specifically for that use
Disadvantages and Considerations
- !Carries a $6-per-lot trading commission according to our data
- !The minimum deposit is $500
- !The tightest displayed spread does not automatically mean the lowest total trading cost
- !Requires traders to evaluate spread and commission together rather than using a simpler cost model
Who Is This Account Suitable For?
- •MT4 traders according to Broker Alarab account categorization
- •MT5 traders according to Broker Alarab account categorization
- •Users who prefer trading without a separate commission
- •Traders who prefer Standard over the low-spread commission-based ThinkZero model
Who Is This Account Suitable For?
- •Active traders who execute trades frequently
- •Traders who place a high priority on tight spreads
- •Users who prefer a pricing structure that clearly separates commission from spread
- •Traders able to meet the $500 deposit requirement and evaluate total transaction costs carefully
Detailed Account Analysis
ThinkMarkets Standard vs ThinkZero: What Is the Pricing Difference?
Standard has listed spreads of 0.4–1.0 pips with a 0.7-pip recorded average and no separate commission, while ThinkZero has 0.0–0.3 pip spreads with a 0.1-pip recorded average and a $7 per-lot round-turn commission. The minimum deposit is $50 on Standard compared with $100 on ThinkZero. The key trade-off is therefore spread-only pricing versus tighter spreads with a separate commission.
ThinkMarkets Standard vs ThinkTrader
The accounts share the same core spread and commission figures in our data: both have listed 0.4–1.0 pip spreads and a $0 separate commission. Standard is categorized for MT4 and MT5 users with a $50 minimum deposit, while ThinkTrader is categorized for ThinkTrader and TradingView users and starts from $10. Platform preference is therefore an important distinction between them.
How Should Traders Read the ThinkMarkets Standard Spread?
The recorded minimum is 0.4 pips, but the full Broker Alarab range is 0.4–1.0 pips with a 0.7-pip recorded average. The 0.4-pip figure should therefore not be interpreted as a fixed spread. With a $0 separate commission, the spread becomes particularly important when evaluating the account pricing structure.
Detailed Account Analysis
XS Elite vs Pro: Which Account Has Better Trading Costs?
This is the most important comparison when evaluating Elite. Broker Alarab data lists Elite spreads at 0.0–0.2 pips with a $6-per-lot commission, while Pro is listed at 0.6–1.0 pips with no separate commission. Both accounts have a $500 minimum deposit. The cheaper account therefore cannot be identified from spread alone. Traders need to compare Elite spread plus commission against the spread cost of Pro using their typical lot size, instruments and trading frequency.
Is XS Elite Suitable for Scalping and Short-Term Trading?
The 0.0–0.2 pip displayed spread range makes Elite worth evaluating for traders using frequent entries and exits or strategies that are particularly sensitive to spread. Short-term trading also increases the importance of commission, however, because the $6-per-lot charge becomes a recurring component of transaction costs. Traders should calculate effective cost using their expected trading volume rather than assuming tight spreads automatically make Elite the best account for every short-term strategy.
When Does the XS Elite Commission Become Important?
The impact of commission is directly connected to trading volume and frequency. As the number of lots traded increases, the $6-per-lot commission becomes a larger component of overall costs even when spreads remain tight. Active traders can therefore benefit from estimating Elite costs using realistic monthly volume and then comparing the result with Pro. This provides a much more useful comparison than simply placing 0.0–0.2 pips beside 0.6–1.0 pips without including commission.
Important details about the ThinkMarkets Standard account
Standard is categorized for MT4 and MT5 users
This is the account use recorded in Broker Alarab data, while ThinkTrader has a separate account categorized for ThinkTrader and TradingView users.
$0 commission does not mean zero cost
There is no separate trading commission, but the listed 0.4–1.0 pip spread remains part of trading cost.
The minimum deposit is $50
This is the account requirement recorded in our data and is not a recommendation that $50 represents appropriate trading capital or risk management.
Important details about the XS Elite account
A 0.0 spread does not mean zero trading cost
The spread range in our data starts at 0.0 pips, but Elite carries a $6-per-lot commission. Commission therefore needs to be included alongside spread when evaluating the cost of opening and closing trades.
Elite and Pro have the same minimum deposit in our data
Broker Alarab data lists a $500 minimum deposit for both accounts. Their comparison therefore becomes more about pricing structure and effective transaction cost than differences in the entry requirement.
Trading volume directly affects the importance of commission
As the number of lots traded increases, commission becomes a larger part of total cost. Active traders should evaluate Elite using their expected trading volume rather than focusing only on the lowest displayed spread.
DECISION GUIDE
How to Choose the Right Trading Account
Numbers alone are not enough. Account suitability depends on your trading strategy, capital, financial instruments and the conditions applicable to you.
01
Compare Spreads and Commissions Together
The recorded spread for ThinkMarkets Standard is 0.4 - 1.0, while XS Elite shows 0.0 – 0.2. Evaluating overall trading costs also requires checking commission rates, pricing units, instruments and position sizes.
02
Review Minimum Deposit Requirements
The recorded minimum deposit for ThinkMarkets Standard is $50, compared with $500 for XS Elite. A lower deposit requirement may provide more flexibility, but it does not automatically make an account better.
03
Compare Trading Platforms and Execution
Check which trading platforms each broker actually offers for the selected account, including MetaTrader 4 or MetaTrader 5 where supported. Also review execution policies and potential slippage. Availability and conditions may vary by account and country.
04
Verify Regulation and Eligibility
Confirm the legal entity that will serve your account, the regulatory framework applicable to that entity, and whether the selected account is available in your country.
FREQUENTLY ASKED QUESTIONS
FAQs About ThinkMarkets Standard vs XS Elite
Answers to common questions about account comparisons, trading costs and account conditions.
What is the difference between ThinkMarkets Standard and XS Elite?+
The recorded spread for ThinkMarkets Standard is 0.4 - 1.0, compared with 0.0 – 0.2 for XS Elite. The advertised commissions are $0 and Not specified, respectively. You should also consider execution conditions, deposit requirements and account availability.
Is the account with the lowest spread always better?+
Not necessarily. Trading costs should be evaluated using both spreads and commissions, while considering the financial instrument, position size and execution conditions.
Can I compare two accounts from the same broker?+
Yes. Broker Alarab allows traders to compare accounts from the same broker or from different brokers.
How can I verify the trading conditions?+
Review the broker's official account specifications, applicable legal entity and trading conditions. Spreads, commissions and leverage may vary by instrument, account and jurisdiction.
What is the ThinkMarkets Standard account?+
ThinkMarkets Standard is categorized by Broker Alarab for MT4 and MT5 traders. According to our data, spreads range from 0.4–1.0 pips with a recorded average of 0.7 pips, the separate commission is $0, the minimum deposit is $50 and orders use Market Execution.
What are the ThinkMarkets Standard spread and commission?+
The listed spread ranges from 0.4–1.0 pips with a 0.7-pip recorded average, while the separate commission is $0. There is therefore no separate trading commission in Broker Alarab data, although the spread remains a component of trading cost.
What is the ThinkMarkets Standard minimum deposit?+
The recorded Standard minimum deposit is $50. By comparison, ThinkTrader is listed at $10 and ThinkZero at $100. These figures represent account requirements rather than recommendations for appropriate trading capital.
What is the difference between ThinkMarkets Standard and ThinkZero?+
Standard has listed spreads of 0.4–1.0 pips without a separate commission, while ThinkZero has 0.0–0.3 pip spreads with a $7 per-lot round-turn commission. Standard has a $50 minimum deposit compared with $100 for ThinkZero.
What is the XS Elite account?+
The XS Elite account uses a tight-spread pricing model with a separate per-lot commission. According to Broker Alarab data, spreads range from 0.0–0.2 pips, commission is $6 per lot, the minimum deposit is $500 and orders use Market Execution. It has the tightest displayed spread range among the XS accounts in our dataset.
What is the XS Elite spread and commission?+
Broker Alarab data lists XS Elite spreads at 0.0–0.2 pips with a $6-per-lot commission. Although this is the tightest displayed spread range among the XS accounts in our data, the commission must be included when calculating total trading cost and comparing Elite with Pro or another account.
Explore Both Trading Accounts in Detail
Review the full account information, compare trading conditions and verify the broker's requirements before opening an account.