Comparison of Pepperstone and ThinkMarkets
| Feature | Pepperstone | ThinkMarkets |
|---|---|---|
| Broker | ||
| Year Founded | 2010 | 2010 |
| Broker Type | ECN, DMA | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $1 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) |
| Inactivity Fee | ✖ | $/£/€30 per month after 90 days of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, ETFs, Futures |
| Review | Pepperstone Review | ThinkMarkets Review |
About Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
About ThinkMarkets
ThinkMarkets is a multi-regulated broker founded in 2010 that offers 4,000+ CFD instruments across forex, indices, stocks, metals, energies, crypto and ETFs. Traders can choose between MT4/MT5 or the proprietary ThinkTrader platform, plus TradingView integration, with raw-spread ThinkZero accounts or commission-free Standard accounts.
Pros
- Multi-regulated (FCA, ASIC, FSCA, CySEC, FSA)
- Raw spreads from 0.0 on ThinkZero
- 4,000+ instruments; 3,500+ share CFDs and 300+ ETFs on MT5
- Copy trading via ThinkCopy; VPS; EAs/scalping allowed
- Signal Centre, Autochartist, Trading Central
- 24/7 multilingual support
- Modern funding incl. Apple Pay, Google Pay and crypto
Cons
- ThinkZero first deposit from $500
- Inactivity fee may apply after prolonged dormancy (entity-dependent)
- Global entity does not onboard residents from several jurisdictions
Pepperstone & ThinkMarkets Regulation
| Feature | Pepperstone | ThinkMarkets |
|---|---|---|
Companies | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited | TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited |
Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom | United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan |
Regulators | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
Pepperstone
Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited
ThinkMarkets
TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited
Countries
Pepperstone
Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom
ThinkMarkets
United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan
Regulators
Pepperstone
ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA
ThinkMarkets
SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA
Investor Protection
Pepperstone
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
ThinkMarkets
UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF)
Investor Protection Size
Pepperstone
£85 000 / €20 000
ThinkMarkets
£85 000 / €20 000
Publicly Traded
Pepperstone
ThinkMarkets
Segregated Accounts
Pepperstone
ThinkMarkets
Guaranteed Stop Loss
Pepperstone
ThinkMarkets
Negative Balance Protection
Pepperstone
ThinkMarkets
Account Types
| Account | Pepperstone | ThinkMarkets |
|---|---|---|
STP Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
ECN Account | ||
| Account Name | Standard | — |
| Min Deposit | $1 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 1 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 20% | — |
| Margin Call | 90% | — |
Zero Account | ||
| Account Name | Razor | ThinkZero |
| Min Deposit | $1 | $500 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0.0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 90% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
Pepperstone
—
ThinkMarkets
Standard
Min Deposit
Pepperstone
—
ThinkMarkets
$1
Lot Size
Pepperstone
—
ThinkMarkets
0.01
Spread Type
Pepperstone
—
ThinkMarkets
Floating
Execution
Pepperstone
—
ThinkMarkets
Market
Min Spread
Pepperstone
—
ThinkMarkets
1.1
Fee
Pepperstone
—
ThinkMarkets
No
Max Leverage
Pepperstone
—
ThinkMarkets
1:500
Stop Out
Pepperstone
—
ThinkMarkets
50%
Margin Call
Pepperstone
—
ThinkMarkets
100%
ECN Account
Account Name
Pepperstone
Standard
ThinkMarkets
—
Min Deposit
Pepperstone
$1
ThinkMarkets
—
Lot Size
Pepperstone
0.01
ThinkMarkets
—
Spread Type
Pepperstone
Floating
ThinkMarkets
—
Execution
Pepperstone
Market
ThinkMarkets
—
Min Spread
Pepperstone
1
ThinkMarkets
—
Fee
Pepperstone
No
ThinkMarkets
—
Max Leverage
Pepperstone
1:500
ThinkMarkets
—
Stop Out
Pepperstone
20%
ThinkMarkets
—
Margin Call
Pepperstone
90%
ThinkMarkets
—
Zero Account
Account Name
Pepperstone
Razor
ThinkMarkets
ThinkZero
Min Deposit
Pepperstone
$1
ThinkMarkets
$500
Lot Size
Pepperstone
0.01
ThinkMarkets
0.01
Spread Type
Pepperstone
Floating
ThinkMarkets
Floating
Execution
Pepperstone
Market
ThinkMarkets
Market
Min Spread
Pepperstone
0
ThinkMarkets
0.0
Fee
Pepperstone
$7 per 1 lot
ThinkMarkets
$7 per 1 lot
Max Leverage
Pepperstone
1:500
ThinkMarkets
1:500
Stop Out
Pepperstone
20%
ThinkMarkets
50%
Margin Call
Pepperstone
90%
ThinkMarkets
100%
Additional Features
Demo Account
Pepperstone
ThinkMarkets
VIP Account
Pepperstone
ThinkMarkets
Swap-Free Account
Pepperstone
ThinkMarkets
Copy Trading
Pepperstone
ThinkMarkets
VPS
Pepperstone
ThinkMarkets
PAMM/MAM Accounts
Pepperstone
ThinkMarkets
Funding and Fees
| Feature | Pepperstone | ThinkMarkets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) |
Inactivity fee | $/£/€30 per month after 90 days of inactivity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
Pepperstone
USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD
ThinkMarkets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD
Deposit and withdrawal methods
Pepperstone
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether)
ThinkMarkets
Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC)
Inactivity fee
Pepperstone
ThinkMarkets
$/£/€30 per month after 90 days of inactivity
Interest on margin
Pepperstone
ThinkMarkets
Withdrawal fee
Pepperstone
ThinkMarkets
Trading Platforms and Conditions
| Feature | Pepperstone | ThinkMarkets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy |
Execution Speed | 40 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
Pepperstone
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
ThinkMarkets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy
Execution Speed
Pepperstone
40 ms
ThinkMarkets
-
Scalping
Pepperstone
ThinkMarkets
Expert Advisors (EAs)
Pepperstone
ThinkMarkets
Depth of Market (DOM)
Pepperstone
ThinkMarkets
Spread
Pepperstone
low
ThinkMarkets
low
Trading Assets
| Asset | Pepperstone | ThinkMarkets |
|---|---|---|
Currencies | 97 | 46 |
Indices | 26 | 15 |
Stocks | 986 | 3305 |
Cryptocurrencies | 30 | 21 |
Bonds | 0 | 0 |
Metals | 20 | 10 |
Energies | 4 | 3 |
Soft Commodities | 16 | 3 |
ETFs | 108 | 364 |
Currencies
Pepperstone
97
ThinkMarkets
46
Indices
Pepperstone
26
ThinkMarkets
15
Stocks
Pepperstone
986
ThinkMarkets
3305
Cryptocurrencies
Pepperstone
30
ThinkMarkets
21
Bonds
Pepperstone
0
ThinkMarkets
0
Metals
Pepperstone
20
ThinkMarkets
10
Energies
Pepperstone
4
ThinkMarkets
3
Soft Commodities
Pepperstone
16
ThinkMarkets
3
ETFs
Pepperstone
108
ThinkMarkets
364
Education and Analytics
| Feature | Pepperstone | ThinkMarkets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
Pepperstone
ThinkMarkets
Indicators
Pepperstone
ThinkMarkets
Robots
Pepperstone
ThinkMarkets
Signals
Pepperstone
ThinkMarkets
Autochartist
Pepperstone
ThinkMarkets
Expert Analytics
Pepperstone
ThinkMarkets
News Feed
Pepperstone
ThinkMarkets
Education Articles
Pepperstone
ThinkMarkets
Webinars
Pepperstone
ThinkMarkets
Seminars
Pepperstone
ThinkMarkets
Customer Support
| Contact | Pepperstone | ThinkMarkets |
|---|---|---|
Email | support@pepperstone.com | support@thinkmarkets.com |
Phone | +17866281209 | +442035142374 |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
Pepperstone
ThinkMarkets
Phone
Pepperstone
ThinkMarkets
Which Broker is Better?
After comparing Pepperstone and ThinkMarkets, Pepperstone comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.