eToro vs ThinkMarkets (2026): regulation, platforms and costs compared
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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
ThinkMarkets is a well-regarded forex and CFD broker offering broad market access via MetaTrader and its proprietary ThinkTrader platform. It provides research, education, and risk management tools to support analysis and platform…
eToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. ThinkMarkets (Australia, founded 2010) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, MT5, Proprietary and sits in our low-fee bracket. The two overlap in 184 countries; eToro is available in 33 countries where ThinkMarkets is not, and ThinkMarkets in 15 where eToro is not.
Verdict at a glance
eToro leads on trust rank, track record and country coverage.
ThinkMarkets leads on regulatory coverage and platform choice.
Level on instrument range, fee level and tier-1 licences.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
Copy Trading, Professional Trading, Retail Trading
Copy Trading, Professional Trading, Retail Trading
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Pros
eToro
Tier-1 regulation (FCA/ASIC/CySEC)
Negative balance protection
Built-in social/copy trading
Multi-asset CFD account
Spread-only FX pricing
ThinkMarkets
FCA & ASIC regulation
MT4/MT5 and ThinkTrader platforms
Raw-spread ThinkZero; commission-free Standard
Negative balance protection; segregated funds
Hedging, scalping, EAs allowed; high leverage options
Cons
eToro
Higher spreads than ECN/STP brokers
No MT4/MT5 or third-party platform support
Market-maker execution (not true ECN/STP)
No guaranteed stop-loss orders
Withdrawal and currency conversion fees
ThinkMarkets
- Offshore entity for many clients with weaker investor protections
- No guaranteed stop-loss orders (GSLO)
- Not available to U.S. residents
- No cTrader platform support
- CFDs only (no physical shares/ETFs)
Key features
eToro
CFD forex trading on majors minors and exotics
Regulated by FCA CySEC and ASIC with segregated client funds
Social copy trading CopyTrader and Smart Portfolios
Proprietary web and mobile platform with ProCharts and economic calendar
Risk management orders stop loss take profit and negative balance protection
Two factor authentication and KYC AML security controls
ThinkMarkets
Multi Asset CFD Trading Forex Indices Commodities Shares
MT4 MT5 and ThinkTrader Platforms
Multi Jurisdiction Regulation ASIC FCA FSCA FSA and Segregated Client Funds
Negative Balance Protection
Standard and ThinkZero Raw Spread Accounts
VPS Hosting and Algorithmic EA Support
Country availability: eToro vs ThinkMarkets
Available at both (184): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Cook Islands, Costa Rica, Curaçao, Côte d'Ivoire and 144 more.
Only eToro (33): Austria, Belgium, Bermuda, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland and 8 more.
Only ThinkMarkets (15): Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia, Guam, Iraq, Lebanon, Mali, Nicaragua, Somalia, Venezuela, Yemen, Zimbabwe.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
Which is older, eToro or ThinkMarkets?
eToro is the older of the two, founded in 2007; ThinkMarkets was founded in 2010.
Are eToro and ThinkMarkets available in the same countries?
They overlap in 184 countries. eToro is additionally available in 33 countries (Austria, Belgium, Bermuda, Bulgaria, Canada, Croatia and 27 more) and ThinkMarkets in 15 countries (Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia and 9 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.