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ThinkMarkets vs MogaFX
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
Both brokers have the same overall rating, 4.5.
ThinkMarkets has a higher minimum deposit than MogaFX, at 250.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping, MAM/PAMM.
Traders should note that
both companies offer the same minimum lot size 0.01, but ThinkMarkets has a maximum lot size of 0.0, while MogaFX offers 50.0.
Each broker offers an equal maximum leverage of 1:500.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 250.0 | 100.0 |
| Commission | 7.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 0.0 | 50.0 |
| Spread | Variable | Variable |
| Broker type | STP, ECN | STP, ECN |
| Maximal leverage (1:?) | 500 | 500 |
| Availability | STP, ECN | STP, ECN |
| Regulation | FCA (UK), FSA (Seychelles), FSP (NZ), ASIC (Australia), FSCA (South Africa), FSA (Japan) | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), ThinkTrader | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Neteller, UnionPay, Skrill, Netbanx, BPay | Wire Transfer, Credit Card, Paypal, Perfect Money, UnionPay, Sticpay, USDT |
| Account Currency | USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, AUD | USD, GBP, EUR, AUD |
| Languages | English, Spanish, French, Portuguese, Japanese, Chinese, Polish, Indonesian, Thai, Arabic, Vietnamese, Bulgarian, Swedish, Urdu, Hindi, Romanian, Turkish, Tagalog, Bahasa Malay, Afrikaans | English, Spanish, Portuguese, Japanese, Chinese, Vietnamese |
| Country | Australia | Australia |
| Trading platform(s) timezone | Australia, United Kingdom | Australia, Saint Vincent and the Grenadines |
| Other trading instruments | Indices, Commodities, Energies, CFDs | Stocks, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
