ThinkMarkets vs CFI
Choosing between ThinkMarkets and CFI is a common decision for forex traders in Africa. In our analysis, ThinkMarkets scores 83/100 on our Hub Score compared to CFI's 81/100. For traders with limited starting capital, CFI has a lower entry point at $1. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, ThinkMarkets scores higher overall with 83/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
ThinkMarkets
CFI
| Feature | ThinkMarkets | CFI |
|---|---|---|
| Hub Score | 83/100 | 81/100 |
| Min. Deposit | $10 | $1 |
| Spreads | From 0.0 pips | From 0.3 pips |
| Max Leverage | 1:2500 | 1:400 |
| Regulation | ASIC, FCA, JFSA, CySEC, FSCA, DFSA, FSA Seychelles, CIMA, FSC Mauritius, FMA | FCA, CySEC, FSCA, SCA |
| Platforms | ThinkTrader, MetaTrader 4, MetaTrader 5, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView, CFI App |
| Account Types | Standard, ThinkTrader, ThinkZero | Dynamic Trader, Zero Commission, ECN, Swap Free |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, Crypto |
| Founded | 2010 | 2003 |
| Headquarters | London UK & Melbourne Australia | Cyprus |
Pros
- Raw spreads from 0.0 pips
- Nine top-tier regulations
- 4000+ instruments available
- Proprietary ThinkTrader platform
- 450000+ active traders
Cons
- Higher minimum deposit $100
- Complex platform for beginners
- Limited educational resources
- Newer brand recognition
Pros
- Extremely low $1 minimum deposit
- Multiple account tiers available
- Accessible for beginners
- 1000+ instruments
- Competitive spreads from 0.3 pips
Cons
- Limited brand recognition outside MENA region
- Fewer advanced trading tools
- Limited educational resources in English
Which broker has lower spreads, ThinkMarkets or CFI?
ThinkMarkets offers spreads from From 0.0 pips, while CFI offers spreads from From 0.3 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for ThinkMarkets vs CFI?
ThinkMarkets requires a minimum deposit of $10, while CFI requires $1.
Is ThinkMarkets or CFI better regulated?
ThinkMarkets is regulated by ASIC, FCA, JFSA, CySEC, FSCA, DFSA, FSA Seychelles, CIMA, FSC Mauritius, FMA, while CFI is regulated by FCA, CySEC, FSCA, SCA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, ThinkMarkets or CFI?
ThinkMarkets is marked as beginner-friendly. CFI is also beginner-friendly. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.