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OANDA vs ThinkMarkets 2026
A detailed head-to-head comparison of OANDA and ThinkMarkets across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
OANDA vs ThinkMarkets: Our Analysis
Overall Verdict
With an overall score of 79.6/100 vs 78.7/100, OANDA is nearly identical to ThinkMarkets by 0.9 points. Both brokers are closely matched, so your choice should come down to specific features that matter most to you.
Trading Costs
On the EUR/USD pair, OANDA offers an average spread of 1.40 pips commission-free, while ThinkMarkets comes in at 0.40 pips with a $7.00 commission. ThinkMarkets offers tighter pricing on EUR/USD. Minimum deposit is $0 at OANDA and $0 at ThinkMarkets.
Regulation & Safety
OANDA holds 6 regulatory licenses with a highest tier of Tier 1 (FCA, CFTC/NFA, ASIC), while ThinkMarkets has 6 licenses at Tier 1 (FCA, ASIC, CySEC). Both brokers are equally regulated.
Platform Comparison
OANDA offers MT4, MT5, TradingView, OANDA Trade — uniquely offering TradingView, OANDA Trade which ThinkMarkets does not have. ThinkMarkets supports MT4, MT5, ThinkTrader, with exclusive access to ThinkTrader. OANDA provides a wider platform selection.
Who Should Choose Which?
OANDA suits beginners seeking education, traders who prioritize safety, while ThinkMarkets is better for cost-conscious traders, traders wanting a wide instrument range. If copy trading matters, ThinkMarkets has the edge. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, OANDA scores higher overall at 79.6/100 compared to ThinkMarkets's 78.7/100. However, "better" depends on your priorities — ThinkMarkets may be superior in specific categories like trading costs.
ThinkMarkets offers tighter spreads with an average EUR/USD spread of 0.40 pips, compared to 1.40 pips at OANDA. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.
OANDA scores higher for regulation and trust at 95/100, holding licenses from FCA, CFTC/NFA, ASIC. ThinkMarkets scores 82/100 with FCA, ASIC, CySEC.
For beginners, OANDA is the stronger choice with an education and research score of 80/100. It offers structured trading courses, webinars, and a free demo account. ThinkMarkets scores 68/100 for education.
Yes, there is no restriction on having accounts with both OANDA and ThinkMarkets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026