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Pepperstone vs ThinkMarkets 2026
A detailed head-to-head comparison of Pepperstone and ThinkMarkets across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
Pepperstone vs ThinkMarkets: Our Analysis
Overall Verdict
With an overall score of 88.6/100 vs 78.7/100, Pepperstone edges out ThinkMarkets by 9.9 points. This moderate gap suggests Pepperstone has an edge in several key areas.
Trading Costs
On the EUR/USD pair, Pepperstone offers an average spread of 0.10 pips with a $7.00 round-turn commission, while ThinkMarkets comes in at 0.40 pips with a $7.00 commission. Pepperstone offers tighter pricing on EUR/USD. Minimum deposit is $0 at Pepperstone and $0 at ThinkMarkets.
Regulation & Safety
Pepperstone holds 6 regulatory licenses with a highest tier of Tier 1 (FCA, ASIC, DFSA), while ThinkMarkets has 6 licenses at Tier 1 (FCA, ASIC, CySEC). Both brokers are equally regulated.
Platform Comparison
Pepperstone offers MT4, MT5, cTrader, TradingView — uniquely offering cTrader, TradingView which ThinkMarkets does not have. ThinkMarkets supports MT4, MT5, ThinkTrader, with exclusive access to ThinkTrader. Pepperstone provides a wider platform selection.
Who Should Choose Which?
Pepperstone suits cost-conscious traders, beginners seeking education, traders who want advanced tools, traders who prioritize safety, while ThinkMarkets is better for a broad range of trading styles. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, Pepperstone scores higher overall at 88.6/100 compared to ThinkMarkets's 78.7/100. However, "better" depends on your priorities — ThinkMarkets may be superior in specific categories like certain niche features.
Pepperstone offers tighter spreads with an average EUR/USD spread of 0.10 pips, compared to 0.40 pips at ThinkMarkets. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.
Pepperstone scores higher for regulation and trust at 90/100, holding licenses from FCA, ASIC, DFSA. ThinkMarkets scores 82/100 with FCA, ASIC, CySEC.
For beginners, Pepperstone is the stronger choice with an education and research score of 75/100. 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 Pepperstone 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