Trading CFDs carries a high risk of losing money rapidly. Confirm this broker's current loss-rate disclosure and regulated entity before opening an account. Read the full risk disclosure.
ThinkMarkets vs XM
A field-by-field comparison based on the current BrokaBoy catalogue. Check current pricing and the regulated entity on each broker's website before deciding.
Some figures on this page are taken from broker-published information and have not yet been checked against current terms. Confirm details on the broker's website.
Last updated: 4 October 2026 · Reviewed by BrokaBoy Research Team
| Field | ThinkMarkets | XM |
|---|---|---|
| BrokaBoy score | 8.9/10 | 8.0/10 |
| Trustpilot rating | Trustpilot 3.4 (520 reviews) | Trustpilot 2.1 (3,130 reviews) |
| Listed minimum deposit | $0 | $5 |
| Advertised spread from | 0.0 pips | 0.6 |
| Advertised maximum leverage | Up to 1:500 (entity dependent) | 1:1000 (equity dependent) |
| Regulators | FCA, FSCA, ASIC, CySEC, FSA | CySEC, ASIC, IFSC, DFSA |
| Platforms | MetaTrader 4, MetaTrader 5, ThinkTrader | MetaTrader 4, MetaTrader 5 |
| Instruments | Forex, Indices, Commodities, Stocks, Crypto | Forex, CFDs, Stocks, Commodities, Crypto |
| Account types | Standard, ThinkZero | Standard, Ultra Low, Shares |
| Founded | 2010 | 2009 |
| Spread type | Variable | Spreads from 0.6 pips on Standard, tighter on Ultra Low; Micro accounts share Standard pricing. |
| Commission | Varies by account type | No commission on Micro, Standard or Ultra Low accounts. |
| Overnight / swap | Overnight swap charges apply on positions held past rollover. | Standard nightly swap; Islamic accounts available swap-free. |
| Withdrawals | Most withdrawal methods are free; third-party fees may apply. | XM covers withdrawal fees on most methods; inactivity fee applies after 90 days idle. |
Key differences
- ThinkMarkets has a lower listed minimum deposit ($0 vs $5).
- ThinkMarkets has the higher BrokaBoy score (8.9/10 vs 8.0/10).
- Both brokers hold licences with ASIC, CySEC.
- Only ThinkMarkets lists ThinkTrader among its platforms.
- Only ThinkMarkets lists Indices among its instruments.
- Only XM lists CFDs among its instruments.
Which should you choose?
- Choose ThinkMarkets if a lower listed opening deposit is your priority.
- Choose ThinkMarkets if you want the broader platform list shown in our catalogue (3 vs 2).
- Choose ThinkMarkets if access to Indices is essential, and confirm it is available under your entity.
- Choose XM if access to CFDs is essential, and confirm it is available under your entity.
- Choose the broker whose regulated entity covers your country and provides the protections you need; confirm this on the regulator's register.
Frequently asked questions
Which has the lower minimum deposit, ThinkMarkets or XM?+
ThinkMarkets has the lower listed minimum deposit ($0 vs $5). Confirm current terms with each broker.
Are ThinkMarkets and XM regulated by the same authorities?+
They share ASIC, CySEC. ThinkMarkets lists FCA, FSCA, ASIC, CySEC, FSA; XM lists CySEC, ASIC, IFSC, DFSA in our catalogue.
Which has the higher BrokaBoy score?+
ThinkMarkets scores 8.9/10 against 8.0/10. The score is calculated from advertised catalogue data and excludes Trustpilot ratings.
Do ThinkMarkets and XM support the same platforms?+
Both list MetaTrader 4, MetaTrader 5. ThinkMarkets lists more platforms overall.
