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Head to head

ThinkMarkets vs Trendo

ThinkMarkets is licensed by FCA in the United Kingdom; CySEC in the European Union; ASIC in Australia; DFSA in Dubai (DIFC), UAE and FSCA in South Africa, and also has an offshore registration. Trendo is licensed by FSC Mauritius in Mauritius (international clients). The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $10 at ThinkMarkets (the Standard account needs $50) and $10 at Trendo. Neither offers negative balance protection. Only ThinkMarkets offers segregated client money.

Facts last checked: ThinkMarkets on 20 October 2026, Trendo on 20 October 2026.

ThinkMarkets profileTrendo profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
ThinkMarketsStrictly regulatedRead the profile
TrendoRegulatedRead the profile
Comparing
ThinkMarketsStandard account · United Kingdom
TrendoMauritius (international clients)

Overview

Founded
2010
Not yet checked
Headquarters
Not yet checked
Port Louis, Mauritius
Official websites
  • thinkmarkets.com
  • trendo.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
TF Global Markets (UK) Limited
Trending Markets (International) Ltd
Regulator
FCA
United Kingdom
FSC Mauritius
Mauritius (international clients)
Regulation level
Strictly regulated
Regulated
Licence number
629628
Check the register
GB25205094 (SEC-2.1B Investment Dealer)
Check the register
Clients this company serves
UK residents
International clients, depending on country of residence; the website does not say which countries go to this company and which to Trendo LLC (Armenia)
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • ASIC (Australia)
  • DFSA (Dubai (DIFC), UAE)
  • FSCA (South Africa)
  • FSA Seychelles (Seychelles)
  • FSC Mauritius (Mauritius (international clients))
Segregated client money
Yes
No
Negative balance protection
No
No
Compensation scheme
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles company
None

Costs

Your monthly cost
$110$11 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$11
No accounts listed
Spread from
0.4 pips
No accounts listed
Typical EUR/USD spread
1.1 pips
No accounts listed
Commission per lot (round turn)
None
No accounts listed
Typical GBP/USD spread
1.3 pips
Not yet checked
Typical USD/JPY spread
1.4 pips
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs (UK, EU, Australia); up to 500:1 (2500:1 on ThinkTrader) at the Seychelles company
Up to 1:2000 (1:500 on PAMM accounts and on balances below $50)
Retail leverage by asset class
  • Major currency pairs (UK: 1:30
  • Currency pairs: up to 500:1
  • ThinkTrader account (Seychelles company): up to 2500:1
  • Real and demo accounts: 1:25 to 1:2000
  • Balances below $50: Up to 1:500
  • PAMM accounts: Up to 1:500
  • Around major news and market open or close: Cut to 1:500 or 1:200
Margin call level
Not yet checked
100%
Stop-out level
50% (forced liquidation level)
70%

Account

Minimum deposit (this account)
$50
No accounts listed
Base currencies
USD, USDt, AUD, GBP, EUR, SGD, CHF
No accounts listed
Execution
Spread only, no commission (MT4, MT5)
No accounts listed

Platforms and features

Platforms
  • ThinkTrader
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
  • Trendo app (iOS and Android)
  • Trendo desktop (Windows and Mac)
  • Trendo web trader
Markets
Forex, commodities, indices, crypto, stocks, ETFs and futures CFDs (up to 4,000 instruments on ThinkTrader)
Forex, gold and metals, cryptocurrencies, stocks and other CFDs
Demo account
Yes
Yes
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank wire
  • Visa
  • Mastercard
  • Apple Pay
  • Google Pay
  • Neteller
  • Crypto
  • Visa
  • Mastercard
  • Tether (TRC20 and BEP20)
  • USDC
  • Bitcoin
  • Ethereum
  • Tron
  • BNB
Withdrawal fee
No fee on any funding method (international site)
No Trendo fee on any method; blockchain network fees may apply
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
Not yet checked
24/7 support and live chat

Our notes

Strengths
  • Licensed by the FCA, CySEC and ASIC, with client money in segregated accounts
  • Publishes target (typical) spreads for the Standard account, such as 1.1 pips on EUR/USD
  • No deposit or withdrawal fees on the international site's funding methods
  • Trending Markets (International) Ltd is on the FSC Mauritius register as an investment dealer (SEC-2.1B), licensed since 28 October 2025
  • One simple account from $10, with a published $3 commission per lot
  • No Trendo fees on deposits or withdrawals, with a $10 minimum per transaction
Watch out for
  • International clients join TF Global Markets Int Limited in the Seychelles (offshore tier), where leverage goes up to 2500:1 on ThinkTrader and losses can exceed deposits
  • ThinkMarkets also says it is licensed by CIMA, an FSC, an FMA and (on its South African company) FSCA FSP 49835, without naming every company; we could not confirm these on 2026-10-20. Its FSCA OTC derivative provider approval is confirmed.
  • The ThinkZero minimum deposit is shown as $100 on the account types page and $500 on the ThinkZero page; ask before you fund.
  • Some clients are served by Trendo LLC in Armenia (registration 271.110.1214359); Trendo shows a company registration and charter update for it, and does not cite a financial licence
  • Leverage up to 1:2000 and deposit bonuses that come with trading conditions
  • We found no document setting out where client money is held or whether you have negative balance protection
  • Proprietary platform only; no MetaTrader

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • ThinkMarkets: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary.
  • Trendo: Forex and CFD trading are complex instruments and come with a high risk of rapid capital loss due to leverage. A significant percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how these instruments work and whether you can afford to take the high risk associated with CFD trading. Trade responsibly: always consider your investment objectives, experience level, and risk appetite. If needed, seek advice from an independent financial advisor.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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