Review Market logoReviewMarket
Compare brokers
← All comparisons
Mitrade
VS
ThinkMarkets

Mitrade vs ThinkMarkets: which broker is better in 2026?

We compare Mitrade and ThinkMarkets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, ThinkMarkets edges ahead (3.8/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaMitradeThinkMarkets
Overall score 3.6 3.8
Regulation & safety 3.5 3.5
Fees & deposit 4.0 4.0
Platform & assets 3.5 4.0
User support 3.5 3.5
Trust score72/10074/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web platform, iOS/Android mobile appThinkTrader, MetaTrader 4, MetaTrader 5
Fee modelCommission-free, spread-only pricing (plus overnight funding on leveraged positions) — exact spreads not yet verified in detailThinkZero (raw) or Standard account; competitive

Pros & cons

Mitrade
  • Multi-jurisdiction licensing (ASIC Australia, CySEC Cyprus, FSCA South Africa) with an easy, beginner-friendly proprietary platform
  • Commission-free spread-only pricing; Australian platform reportedly carries a Lloyd's of London excess-of-loss insurance policy (capped at AUD 1,000,000 for qualifying claims on insolvency)
  • Wide CFD coverage (forex, indices, commodities, crypto, ETFs, shares) on web + mobile, with demo accounts and modern payment options (Apple Pay/Google Pay in AU)
  • Regulatory history includes a 2023 ASIC interim stop order (later revoked) and a 2024 Philippines SEC advisory — worth reading before depositing
  • Own platform only — no MetaTrader 4/5 or cTrader for advanced/algorithmic traders
  • Leveraged CFDs are high-risk, and the UAE licence covers promotion only, not brokerage — entity coverage varies a lot by country
ThinkMarkets
  • FCA/ASIC/CySEC regulation + its own ThinkTrader platform
  • Competitive spreads (ThinkZero raw account)
  • MT4/MT5 available
  • Smaller brand than tier-1 giants
  • Entity availability differs per region
  • Leverage is high-risk

Regulation at a glance

Mitrade

Operates through separate entities per region: Mitrade Global Pty Ltd (Australia) under ASIC; MiTrade EU Limited (Cyprus) under CySEC (licence 438/23, since 9 October 2023); a Financial Sector Conduct Authority (FSCA) entity in South Africa via the 2025 acquisition of Fridah Asset Managers (to be renamed Mitrade Markets Pty Ltd); plus a 2026 UAE Capital Markets Authority Category 5 licence limited to introduction/promotion only (NOT brokerage). Which entity serves you — and its protections — depends on your country. Verify directly with the relevant regulator before signing up.

ThinkMarkets

Regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Japan for the related entity). Has its own ThinkTrader platform.