A side by side comparison of OANDA and ThinkMarkets on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, ThinkMarkets scores higher in our review (83 vs 79 out of 100). ThinkMarkets has the tighter typical EUR/USD spread, which suits scalpers and high-frequency traders. Both are regulated by recognised authorities.
| OANDA | ThinkMarkets | |
|---|---|---|
| MSP Score | 79/100 (B) | 83/100 (B) |
| Reputation score | 80/100 | 72/100 |
| Regulation | NFA/CFTC, FCA, ASIC | FCA, ASIC, CySEC |
| Founded | 1996 | 2010 |
| Headquarters | New York, USA | London, UK (co-HQ Melbourne, Australia) |
| Platforms | OANDA Trade (fxTrade), MT4, MT5, TradingView | MT4, MT5, TradingView, ThinkTrader |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $0 | $0 |
| Typical EUR/USD spread | 0.9 pips | 0.1 pips |
| Execution | No dealing desk | No dealing desk (STP/ECN) |
| Products | CFD | CFD, Spread Betting |
| Min deposit currency funding | Card, Bank transfer, PayPal | Card, Bank transfer, PayPal |
One clear TRADE or NO-TRADE verdict on any MetaTrader 5 chart. Free 7-day trial, no card.
Start free trialFor the complete breakdown of each broker, including reputation and regulator notes, read our OANDA review and our ThinkMarkets review. You can also visit OANDA or ThinkMarkets directly.
ThinkMarkets scores higher overall in our review (83/100 vs 79/100), but the better choice depends on what you value. ThinkMarkets has tighter spreads. Compare the full table above to pick the right one for you.
ThinkMarkets has the tighter typical EUR/USD spread of the two, though final costs depend on your account type and any commission. Check current spreads on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
Compare more: browse the full broker directory with filters, or see the best brokers by country.
