Pepperstone vs ThinkMarkets: Which One Is Best?

2. Better Trading Platform – A Tie

An exceptional and remarkable trading platform is imporatant for achieving success in forex trading, providing the critical tools and technology required for accuracy and efficiency. With sophisticated charting features, real-time market data, and rapid execution speeds, the ideal platform allows traders to navigate effortlessly and tailor their experience. Additionally, it supports automated and social trading while granting access to a wide array of financial instruments. A leading platform significantly boosts decision-making, enhances security, and elevates overall trading performance.

We created a questionnaire for traders to recommend the best trading software based on six simple questions.

Metatrader

Pepperstone and ThinkMarkets are highly regarded for providing traders with access to the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which deliver powerful tools for forex trading, CFD trading, and copy trading. However, Pepperstone elevates its offerings by incorporating the cTrader platform, recognized for its sophisticated charting and trading functionalities. This positions Pepperstone as a versatile option for traders in search of an extensive array of trading tools and platforms.

In contrast, ThinkMarkets introduces its unique proprietary trading platform, ThinkTrader, specifically designed not only for forex and CFD trading but also for share dealing for clients in Australia and South Africa. This distinctive feature allows ThinkMarkets to reach a wider audience, delivering a comprehensive trading solution that integrates stock trading with traditional forex and CFD markets.

Ultimately, both Pepperstone and ThinkMarkets provide the sought-after MetaTrader platforms, yet Pepperstone distinguishes itself with the addition of cTrader, while ThinkMarkets sets itself apart through its proprietary ThinkTrader platform, featuring share dealing for targeted regional markets.

Pepperstone and ThinkMarkets both offer the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, creating solid and dependable trading environments for traders. However, Pepperstone sets itself apart by enhancing these platforms with an array of additional tools and features. Notably, Pepperstone integrates Autochartist, which delivers superior charting capabilities and advanced technical analysis that exceed the standard MetaTrader offerings. Furthermore, Pepperstone includes Smart Trader Tools and Figaro Advanced Trader Tools, comprising expert advisors and widgets that significantly elevate trading performance.

On the other hand, ThinkMarkets provides Trading Central, a collection of premium analytical and educational resources designed to refine trading decisions. While both brokers support MetaTrader Signals for automated trading strategies, Pepperstone’s extensive range of integrated tools and unique social trading options—such as Myfxbook and DupliTrade—offer a far more enriching trading experience for those seeking sophisticated functionalities.

Advanced Platforms

Pepperstone and ThinkMarkets provide an array of sophisticated trading platforms designed to accommodate various trading styles and preferences.Here’s a breakdown of the advanced platforms available from each broker:

• Pepperstone
  MetaTrader 4 (MT4): The world’s most popular trading platform, offering advanced charting tools, custom indicators, and expert advisors.
• MetaTrader 5 (MT5): An upgraded version of MT4 with greater functionality, including advanced charting, built-in indicators, and more flexibility.
• cTrader: Known for its intuitive design and advanced order capabilities, cTrader is ideal for active traders.
• TradingView: Offers powerful charting tools and the ability to interact with over 30 million traders.
• Pepperstone’s Proprietary Platform: A new trading platform designed by traders, for traders, with features like quick switch views, live streaming prices, and customizable watchlists.

ThinkMarkets

• MetaTrader 4 (MT4): Similar to Pepperstone, ThinkMarkets offers MT4 with advanced charting tools and custom indicators.
• MetaTrader 5 (MT5): ThinkMarkets also provides MT5 with enhanced functionality and more advanced trading options.
• cTrader: ThinkMarkets offers cTrader for those who prefer an intuitive and flexible trading environment.
• TradingView: ThinkMarkets integrates TradingView for advanced charting and social trading features.
• ThinkMarkets’ Proprietary Platform: Their own trading platform with features like customizable charts, live streaming prices, and social trading capabilities.

Both brokers offer a wide array of powerful trading platforms designed to cater to a diverse range of trading requirements and preferences. Whether you’re a beginner looking for user-friendly interfaces or an experienced trader seeking advanced analytical tools, these platforms have something to meet your specific demands. Additionally, they ensure a smooth trading experience by integrating various features that enhance usability and efficiency. This comprehensive selection allows traders to choose the option that best aligns with their individual strategies and goals.

Copy Trading

Pepperstone excels in forex trading by integrating cTrader and TradingView. cTrader offers advanced charting and fast execution, ideal for scalpers but limited to forex and gold. Conversely, TradingView provides a thriving community and enhanced charting, improving the trading experience.

In contrast, ThinkMarkets presents its proprietary platform, ThinkTrader, which is tailored to meet a broad spectrum of trading preferences. ThinkTrader features over 80 indicators, 50 drawing tools, and 200 cloud-based alerts, equipping traders with extensive analytical resources. Significantly, ThinkTrader allows share dealing, enabling Australian clients to trade over 3,100 shares and ETFs listed on the ASX or Chi-X, while South African clients can engage in trading shares, ETFs, and ETNs on the JSE. For traders outside these regions, ThinkTrader still offers a wealth of CFD trading opportunities, ensuring a robust trading environment.

Pepperstone offers diverse social trading options like Myfxbook, DupliTrade, and Pelican Trading, catering to copy trading enthusiasts. In contrast, ThinkMarkets has fewer options but provides ZuluTrade for clients outside Australia. This showcases each broker’s commitment to various trading styles and preferences.

Our Trading Platform Verdict

Again, in this category, it’s a deadlock for both Pepperstone and ThinkMarkets, unmistably, due to their better trading platform.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

3. Superior Accounts And Features – A Tie

In forex trading, access to exceptional accounts and features can significantly influence a trader’s success. Competitive spreads, minimal commissions, and advanced tools create a seamless trading experience customized to meet individual needs. With offerings such as demo accounts, swap-free trading, and automated strategies, traders can refine their approach while enjoying improved market access and expert support.

Pepperstone and ThinkMarkets offer different forex account types. ThinkMarkets’ Standard Account has spreads from 0.4 pips with no commission, while Pepperstone’s Razor Account features raw spreads from 0.0 pips with a $7 commission per standard lot, ideal for traders wanting tighter spreads.

For traders adhering to Islamic principles prohibiting interest (riba), both brokers offer swap-free accounts. Pepperstone’s Islamic Account is designed for traders who cannot pay or receive interest due to religious beliefs. Unlike standard accounts, it does not charge overnight swap fees; instead, a flat administrative fee may apply depending on the traded instrument. Similarly, ThinkMarkets provides a swap-free account option, enabling traders to operate without incurring overnight fees.

Access to Islamic accounts like Pepperstone’s is limited to clients from specific countries such as Albania, Bangladesh, and Egypt. ThinkMarkets also has eligibility criteria for swap-free accounts. Traders should consult brokers for terms, conditions, and fees.

Our Superior Accounts and Features Verdict

 For the nth time, it’s a close call for both Pepperstone and ThinkMarkets, as a result of their superior accounts and features.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

4. Best Trading Experience And Ease – ThinkMarkets

An exceptional forex trading experience is grounded in cutting-edge platforms, rapid execution, and attractive spreads. Effortless trade execution and strong customer support help traders navigate the market confidently. Intuitive interfaces, educational resources, and powerful tools enhance efficiency and profitability for a fulfilling trading experience

After an in-depth examination of both Pepperstone and ThinkMarkets, it’s clear that both brokers have dedicated significant resources to create a smooth trading experience. Pepperstone stands out with its robust offerings of MetaTrader 4 (MT4) and MetaTrader 5 (MT5), positioning itself as the premier choice for MT4 based on our comprehensive testing. This underscores Pepperstone’s unwavering commitment to delivering an exceptional trading environment.

ThinkMarkets, on the other hand, shines with its proprietary ThinkTrader platform, which we found to be the best trading app. This platform offers advanced features and ease of use, making it a favorite among traders.

Pepperstone further distinguishes itself in the realm of automation, with tools like Capitalise.ai enhancing the trading experience by allowing traders to automate their strategies without needing to code.

Both brokers provide various account types. ThinkMarkets has no minimum deposit for standard accounts, benefiting new traders. Pepperstone’s Razor and ThinkMarkets’ ThinkZero accounts offer competitive spreads—0.1 pips for EUR/USD with Pepperstone, and 0.11 pips with ThinkMarkets. For AUD/USD, Pepperstone’s spread is 0.2 pips, while ThinkMarkets is 0.24 pips. These tight spreads help reduce trading costs.

Both platforms are user-friendly with intuitive interfaces and tools for all traders. Pepperstone features cTrader, while ThinkMarkets integrates ThinkTrader, providing advanced charting and analysis.

Overall, both Pepperstone and ThinkMarkets offer strong platforms and competitive trading conditions, catering to a wide range of traders’ preferences and strategies.

Our Best Trading Experience and Ease Verdict

While both brokers offer a commendable trading experience, ThinkMarkets, this time around, takes the crown from the contender, this is due to their best trading experience and ease.

ThinkMarkets ReviewVisit ThinkMarkets

5. Stronger Trust And Regulation – A Tie

Trust and regulation serve as the foundational elements for a secure and transparent forex trading environment. Regulated brokers adhere to stringent guidelines that safeguard traders against fraud and unethical practices. This not only instills confidence among traders but also cultivates a more dynamic and engaged trading community. Brokers with robust regulatory oversight enhance their credibility, draw in more clients, and solidify their standing in the competitive forex market.

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Pepperstone and ThinkMarkets are reputable forex brokers with strong regulatory frameworks ensuring trader security. Pepperstone is regulated by multiple authorities, including the FCA (UK), ASIC (Australia), DFSA (UAE), and CySEC, making it ideal for European and UAE traders. ThinkMarkets is regulated by the FSCA in South Africa and the DFSA, enhancing its presence in the MENA region. Increasingly stringent regulations highlight the need for brokers with comprehensive oversight for a secure trading environment.

Pepperstone Is Regulated In More Regions Than ThinkMarkets

Pepperstone is widely regulated, with oversight from national financial agencies, including:

• The Australian Securities and Investments Commission (ASIC) in Australia
• The Financial Conduct Authority (FCA) in the UK
• Cyprus Securities Commission (CySEC) for Cyprus and European Union
• Federal Financial Supervisory Authority (BaFIN) for Germany and Austria
• Dubai Financial Services Authority (DFSA) for the UAE
• Capital Markets Authority (CMA) for Kenya (and Africa)

When trading forex, use brokers regulated in your jurisdiction for safety. Pepperstone is regulated by authorities like the FCA, ASIC, and CySEC, while ThinkMarkets is similarly licensed. Pepperstone also operates under the SCB for international traders, and ThinkMarkets is regulated by the FSA in Seychelles. Choosing a locally regulated broker enhances protection and compliance with local laws.

Both Brokers Are Over A Decade Old, But Pepperstone Is Much More Popular

Established in 2010, both Pepperstone and ThinkMarkets have built solid reputations in the forex trading industry. Recent data indicates that Pepperstone’s website attracts approximately 1.3 million monthly visits, significantly surpassing ThinkMarkets’ 409,100 visits. This disparity highlights Pepperstone’s broader market appeal and stronger online presence.

Negative Balance Protection Depends On Who The Regulator Is

Negative balance protection (NBP) in forex trading prevents traders from losing more than their deposits, keeping account balances above zero. Regulatory bodies like the FCA and ASIC require NBP for retail clients to protect against debt from market fluctuations. However, this protection usually does not extend to professional traders or those outside these jurisdictions. Traders should check their broker’s NBP policies, as it’s crucial for risk management in volatile markets.

Our Stronger Trust and Regulation Verdict

It’s a stalemate for both Pepperstone and ThinkMarkets, thanks to their stronger trust and regulation.

ThinkMarkets ReviewVisit ThinkMarkets

6. Top Product Range And CFD Markets – ThinkMarkets

A diverse range of CFD products and access to multiple financial markets are crucial for traders aiming to maximize opportunities and effectively manage risk. By engaging with various asset classes, traders can better adjust to changing market conditions, refine their strategies, and boost their profit potential. Furthermore, a wider selection of products appeals to a larger pool of traders, stimulating market activity and enhancing broker competitiveness.

Pepperstone and ThinkMarkets are both renowned for their extensive range of CFDs and market offerings. To provide a clearer comparison, we’ve compiled data and our own testing results.

From the table, it’s evident that while Pepperstone offers a wider range of Forex pairs, ThinkMarkets has a broader offering in other categories, such as Shares, Cryptocurrencies, and ETFs.

Our Top Product Range and CFD Markets Verdict

ThinkMarkets takes the crown in this category, this is due to their top product ragne and CFD markets.

ThinkMarkets ReviewVisit ThinkMarkets

7. Superior Educational Resources  – Pepperstone

In the business of forex trading, leveraging high-quality educational resources is crucial for achieving lasting success.Diverse learning materials like webinars, tutorials, and articles equip traders with essential knowledge for better strategies and informed decisions, fostering confidence and continuous improvement for effective market navigation and enhanced trading performance.
Pepperstone:

• Offers a comprehensive range of educational materials.
• Provides webinars, seminars, and tutorials for traders.
• Features a dedicated section for beginner traders.
• Includes advanced trading strategies and insights.
• Has a user-friendly platform with educational pop-ups.
• Collaborates with professional traders for expert insights.

ThinkMarkets:

• Provides a diverse set of educational resources.
• Features trading guides, articles, and videos.
• Offers insights from market analysts and experts.
• Includes a section dedicated to forex education.
• Has tools and calculators for trading analysis.
• Offers regular updates on market news and trends.

Our Superior Educational Resources Verdict

Based on our team’s testing, Pepperstone dominates this niche this is in light of their superior educational resources.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

8. Superior Customer Service – Pepperstone

In the industry of online forex trading, exceptional customer service is vital to a trader’s success. Dependable support facilitates swift issue resolution, reduces downtime, and significantly boosts overall trading efficiency. A broker that offers responsive and knowledgeable assistance can truly transform the trading experience, empowering traders with the confidence they need to navigate the markets adeptly.

Both Pepperstone and ThinkMarkets understand this and have invested heavily in their customer support infrastructure. From our own testing, it’s clear that both brokers are committed to providing top-notch support to their clients.

Pepperstone is famously known for its responsive customer service team, which operates around the clock from Monday to Friday. With multiple communication channels—live chat, email, and phone support—clients benefit from immediate assistance. As of 2025, Pepperstone has garnered acclaim for its expert support staff and rapid response times. Similarly, ThinkMarkets offers 24/5 support and has earned recognition for its efficient and compassionate customer service, ensuring that traders receive prompt and effective help.

To provide a clearer picture, here’s a table comparing the key customer service features of each broker:

Both brokers have made it a priority to ensure that traders have access to timely and effective support whenever they need it.

Our Superior Customer Service Verdict

Based on our team’s testing scores, Pepperstone outperforms the challenger this time, thanks to their superior customer service.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

9. Better Funding Options – Pepperstone

Effortless and adaptable funding options are crucial for an optimal forex trading experience. Traders benefit from a diverse array of methods, including bank transfers, credit and debit cards, digital wallets such as PayPal, Skrill, and Neteller, as well as cryptocurrencies. This variety ensures that account management is simple and straightforward. With minimal or no transaction fees, traders can enjoy swift deposits and withdrawals, all while retaining full control over their trading capital.
When it comes to funding options, both Pepperstone and ThinkMarkets offer a diverse range of methods to cater to their global clientele. The availability of multiple funding options ensures that traders can choose a method that is most convenient and cost-effective for them. From our analysis, it’s evident that while both brokers provide standard options like credit/debit cards and bank transfers, they also support various e-wallets and alternative payment methods.

The table below provides a comprehensive comparison of the funding options available with each broker:

Our Better Funding Options Verdict

Our team can easily surmise that Pepperstone come up trumps as a consequence of their better funding options.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

10. Lower Minimum Deposit – A Tie

A reduced minimum deposit in forex trading significantly expands market access, welcoming a wider range of participants, especially beginners and those with limited capital. By lowering financial barriers, it enables traders to embark on their journey with a smaller investment, allowing them to gain practical experience and refine their strategies without a hefty initial commitment. This inclusivity not only stimulates greater participation but also drives growth within the trading community.

Both Pepperstone and ThinkMarkets offer a $0 minimum deposit requirement for traders. However, it’s worth noting that this zero-deposit option is exclusive to ThinkMarkets’ Standard account. If you wish to access their ThinkZero account, a minimum deposit of $500 will be required.

We have provided deposit details for each broker in the table below:

Our Final Analysis

Before we wrap up this comprehensive review, we’ve come across an intriguing comparison between the two brokers that really added an extra layer of complexity and depth to our analysis. The contrasting features, services, and performance metrics presented a challenge that not only made it difficult to choose a clear favorite but also engaged us in a thoughtful evaluation of what each broker brings to the table. It’s fascinating how such comparisons can illuminate both the strengths and weaknesses of each option. Overall, this examination has certainly enriched our understanding of the choices available in the marketplace.Ultimately, your choice will hinge on which broker provides the account that best meets your needs—ThinkMarkets’ ThinkZero or Pepperstone’s Razor.

Our Lower Minimum Deposit Verdict

We have another draw for both Pepperstone and ThinkMarkets this is in regard to having lower minimum deposits.

Pepperstone ReviewVisit Pepperstone

*Your capital is at risk ‘75.9% of retail CFD accounts lose money’

Is Pepperstone superior to ThinkMarkets?

Pepperstone dominates this niche as a result of it consistently outperforming in several key areas, including superior customer service, educational resources, and better funding options. The table below summarises the key information leading to this verdict:

ThinkMarkets: Best For Beginner Traders

ThinkMarkets is better suited for beginner traders due to its comprehensive educational resources, user-friendly ThinkTrader platform, and competitive spreads.

Pepperstone: Best For Experienced Traders

Pepperstone stands out for experienced traders, offering advanced trading tools, a wide range of platforms, including MT4, MT5, and cTrader, and competitive commission-based accounts.