A side by side comparison of Pepperstone and ThinkMarkets on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, Pepperstone scores higher in our review (88 vs 83 out of 100). ThinkMarkets has the lower minimum deposit, so it is easier to start with. Both are regulated by recognised authorities.
| Pepperstone | ThinkMarkets | |
|---|---|---|
| MSP Score | 88/100 (A) | 83/100 (B) |
| Reputation score | 84/100 | 72/100 |
| Regulation | FCA, ASIC, CySEC | FCA, ASIC, CySEC |
| Founded | 2010 | 2010 |
| Headquarters | Melbourne, Australia | London, UK (co-HQ Melbourne, Australia) |
| Platforms | MT4, MT5, cTrader, TradingView | MT4, MT5, TradingView, ThinkTrader |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $200 | $0 |
| Typical EUR/USD spread | 0.1 pips | 0.1 pips |
| Execution | No dealing desk | No dealing desk (STP/ECN) |
| Products | CFD, Spread Betting | 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 Pepperstone review and our ThinkMarkets review. You can also visit Pepperstone or ThinkMarkets directly.
Pepperstone scores higher overall in our review (88/100 vs 83/100), but the better choice depends on what you value. ThinkMarkets has a lower minimum deposit. Compare the full table above to pick the right one for you.
Both have similar headline spreads; the real cost depends on your account type and commission, so compare current pricing on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
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