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OANDA
VS
ThinkMarkets

OANDA vs ThinkMarkets: which broker is better in 2026?

We compare OANDA 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, OANDA edges ahead (4.0/5), but the right choice depends on what matters most to you — check the breakdown below.

Side-by-side comparison

CriteriaOANDAThinkMarkets
Overall score 4.0 3.8
Regulation & safety 4.5 3.5
Fees & deposit 3.5 4.0
Platform & assets 4.0 4.0
User support 4.0 3.5
Trust score83/10074/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsProprietary web/desktop platform, MetaTrader 4, TradingView (integrated), Mobile app, API v20ThinkTrader, MetaTrader 4, MetaTrader 5
Fee modelSpread model (Standard account) or core spread + commission (Core/Elite) — per-region details not yet verified with exact figuresThinkZero (raw) or Standard account; competitive

Pros & cons

OANDA
  • Very strong & rare regulation — licensed in the US (NFA/CFTC) plus FCA/ASIC/MAS/IIROC
  • Respected reputation for price data & execution; strong trading API for automation
  • Flexible platform choice: proprietary + MT4 + TradingView
  • Not the cheapest for high volume compared to raw ECN brokers
  • Product availability (e.g. crypto CFDs) differs per region/entity
  • Leveraged products remain high-risk
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

OANDA

Operates multiple entities with strict oversight per region: NFA/CFTC (US), FCA (UK), ASIC (Australia), MAS (Singapore), IIROC (Canada). One of the few retail brokers licensed in the US market.

ThinkMarkets

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