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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #19 · Founded 1996
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
Read the OANDA review
Trust rank #20 · Founded 2010
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…
Read the ThinkMarkets reviewOANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView 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 23 countries; OANDA is available in 30 countries where ThinkMarkets is not, and ThinkMarkets in 176 where OANDA is not.
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.
| Criteria | OANDA | ThinkMarkets |
|---|---|---|
| Trust rank | #19 | #20 |
| Founded | 1996 | 2010 |
| Headquarters | Canada | Australia |
| Regulators | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA | ASIC, CySEC, FCA, FSCA |
| Broker type | Market Maker | ECN, STP |
| Platforms | MT4, Proprietary, TradingView | MT4, MT5, Proprietary |
| Instruments | Commodities, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 53 countries | 199 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | 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.
Available at both (23): American Samoa, Australia, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Guam, Hong Kong, Indonesia, Macao, Malaysia, Mexico, Norfolk Island, Northern Mariana Islands, Philippines, Puerto Rico, Singapore, Taiwan, Thailand, United Arab Emirates, United Kingdom, Vietnam, Virgin Islands (U.S.).
Only OANDA (30): Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania and 5 more.
Only ThinkMarkets (176): Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burkina Faso and 151 more.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA) versus ThinkMarkets (ASIC, CySEC, FCA, FSCA). Tier-1 licences: OANDA 7, ThinkMarkets 2.
OANDA offers MT4, Proprietary, TradingView; ThinkMarkets offers MT4, MT5, Proprietary.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
OANDA is the older of the two, founded in 1996; ThinkMarkets was founded in 2010.
They overlap in 23 countries. OANDA is additionally available in 30 countries (Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus and 24 more) and ThinkMarkets in 176 countries (Afghanistan, Albania, Algeria, Andorra, Angola, Anguilla and 170 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.