Broker Comparison

ThinkMarkets vs XM: Which Is Better?

A quick comparison between ThinkMarkets and XM across rating, deposit, Islamic account, platforms, and spreads.

Quick Recommendation
XM

Best overall based on rating, usability, fees, and account access.

Overall
XM
Beginners
Tie
Spreads
XM

ThinkMarkets

TradingView and charting

4.3out of 5
ThinkMarkets
Minimum Deposit
$10
Islamic Account
Available
Trading Platforms
ThinkTrader | MT4 | MT5 | TradingView
Best Overall

XM

Low deposit

4.5out of 5
XM
Minimum Deposit
$5
Islamic Account
Available
Trading Platforms
MT4 | MT5
Final Verdict

Which broker is better: ThinkMarkets or XM?

A quick summary to help you choose the better broker based on your goal.

Overall Winner
XM

Best balance between rating, fees, trust, and usability.

Beginners
Close
Spreads
XM
Deposit
XM
Quick Summary

If you want the stronger overall choice, XM looks more suitable here. For beginners, the closer choice is both brokers. For lower spreads and active trading, XM looks more relevant.

Account opening is completed through the broker’s official website.

Score Analysis

Strength Analysis Between ThinkMarkets and XM

A visual summary showing where each broker performs better in safety, fees, platforms, deposits and withdrawals, and support.

Best Overall: XMBeginners: Very Close

Safety & Trust

Reflects regulation strength and client fund protection.

Close
ThinkMarkets4.5 / 5
XM4.6 / 5

Fees & Costs

Measures spreads, trading costs, and general fees.

Close
ThinkMarkets4.2 / 5
XM4.3 / 5

Trading Platforms

Based on platform quality and available trading tools.

Close
ThinkMarkets4.5 / 5
XM4.5 / 5

Deposits & Withdrawals

Focuses on funding options and withdrawal convenience.

Better: XM
ThinkMarkets4.0 / 5
XM4.7 / 5

Support & Customer Service

Compares support quality and overall user experience.

Small Edge
ThinkMarkets4.1 / 5
XM4.5 / 5

These scores help you understand where each broker performs better depending on your priority: safety, costs, platforms, deposits and withdrawals, or support.

Accounts & Trading Costs

Account and Fee Comparison

A quick summary of the main cost factors between ThinkMarkets and XM.

Quick Summary
XM

XM looks stronger in terms of cost or spreads.

ThinkMarkets Accounts
3
XM Accounts
4
Beginners
Very Close
Factor
ThinkMarkets
XM
Main Account
Standard
Micro
Min Deposit
$50
$5
Spread
0.4 - 1.0
1.0 – 1.5
Commission
$0
$0
Execution
Market Execution
Market Execution

ThinkMarkets Accounts

3 available accounts

Standard
Spread
0.4 - 1.0
Commission
$0
Deposit
$50
Execution
Market Execution
ThinkTrader
Spread
0.4 - 1.0
Commission
$0
Deposit
$10
Execution
Market Execution
ThinkZero
Spread
0.0 - 0.3
Commission
$7 per lot round turn
Deposit
$100
Execution
Market Execution

XM Accounts

4 available accounts

Micro
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Standard
Spread
1.0 – 1.5
Commission
$0
Deposit
$5
Execution
Market Execution
Ultra Low
Spread
0.6 – 1.0
Commission
$0
Deposit
$5
Execution
Market Execution
Zero
Spread
0.0 – 0.3
Commission
$7 per lot
Deposit
$5
Execution
Market Execution

Start with the broker that fits you best

After reviewing accounts and costs, choose the broker that better matches your trading style.

The most important factor is not only the number of accounts, but choosing the account that fits your needs in terms of spread, commission, minimum deposit, and execution method.

Quick Decision

Which Broker Should You Choose Now?

A practical summary to choose the better broker based on your goal.

Overall Recommendation
XM

The strongest overall choice based on this comparison.

Beginners
Both Suitable
Costs
XM
Short Decision

Choose XM if you want the strongest overall option. For an easier start, the closer choice is both brokers.

FAQs

Questions About ThinkMarkets and XM

Key questions before opening an account.

ThinkMarkets
XM

What is the difference between ThinkMarkets Standard, ThinkTrader and ThinkZero?

Standard provides commission-free pricing on MT4 and MT5. ThinkTrader is linked to the broker’s proprietary platform and TradingView experience, while ThinkZero offers spreads from 0.0 pips with an approximately $7 round-turn commission.

Is ThinkTrader an account type or a trading platform?

ThinkTrader is ThinkMarkets’ proprietary platform, but the broker also provides an account setup linked to that platform with its own deposit and pricing conditions. It therefore appears as both a platform and account option.

Does ThinkMarkets offer direct TradingView trading or only charts?

ThinkMarkets provides supported TradingView access that can combine chart analysis with order execution. Available instruments and account eligibility may vary by region.

Is XM Zero account really cheaper than Standard accounts?

XM Zero offers spreads starting from 0.0 pips, but charges a commission of about $7 per lot round turn. In contrast, Standard accounts include costs in spreads starting around 1.0–1.5 pips, making Zero accounts more suitable for active traders.

What is the real spread on XM accounts in live trading?

XM Standard and Micro accounts typically have spreads between 1.0 to 1.5 pips, while Ultra Low accounts offer tighter spreads from around 0.6 pips. These spreads are variable and can increase during volatility.

Does XM use market execution or instant execution?

XM mainly uses Market Execution across its account types, allowing trades to be executed at the best available price without requotes, but with possible slippage during fast markets.