Established in 2010, ThinkMarkets is a well-known broker that offers many instruments and excellent conditions. Learn how to open live and demo account in ThinkMarkets below.
Established in 2010, ThinkMarkets is a multi-asset brokerage firm with licenses from top-tier authorities like ASIC and the FCA. Aside from its home country, the UK, the broker also has offices in Japan, UAE, Thailand, and more, further proving its global presence.
With more than a decade of experience, ThinkMarkets is known to provide favorable trading conditions suitable for both novice and professional clients. There are three live account types available, along with a demo account for all traders. The broker even has a proprietary trading platform called ThinkTrader for PC and mobile users.
On top of that, ThinkMarkets offers straightforward account opening process. In several simple steps, you can create a new account and immediately start your trading journey.
As a multi-asset online brokerage, ThinkMarkets present a wide range of trading assets starting from Forex to Precious Metals, Commodities, Indices, Shares, and Cryptocurrencies. The Australian-based broker is established in 2010 and has since opened additional headquarters in London and regional offices throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.
Along with its history operation, ThinkMarkets has been awarded and recognized many times in various aspects. Most recently, they won the Best Value Broker in Asia at the 2020 Global Forex Awards.
Average FX spreads for traders opening an account in ThinkMarkets start from 1.2 pips for the standard account, while ThinkZero provides the best trading experience with 0.1 pips spread. Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes.
As a global online brokerage, ThinkMarkets operates under various financial regulatory institutions. For example, ThinkMarkets Australia is managed by TF Global Markets (Aust) Limited and is licensed by the Australian Financial Services as well as the Australian Securities and Investment Commission (ASIC) with ABN: 69158361561. ThinkMarkets UK is registered under the Financial Conduct Authority (FCA) by the company name of TF Global Markets (UK) Limited (number: 09042646).
ThinkMarkets consistently try to improve their trading environments with various advanced products. Automatic trading fans are provided with free VPS Hosting, while passionate traders who'd like to experience beyond MetaQuote platforms can try ThinkMarkets' proprietary platform called ThinkTrader.
The trading platform is available on 3 different interfaces specifically designed for Web Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and more than 125 indicators for technical analysis accessible even through Mobile screens would certainly provide a brand new trading on-the-go experience.
As far as market updates go, trading in ThinkMarkets would be accompanied with news from FX Wire Pro that is known for its strict policy toward upholding objective journalism and delivering critical, trusted information in real-time. Information segments covered by FX Wire Pro include Economic Commentary, Technical-level Reports, Currency and Commodities, Central Bank Bulletins, Energies and metals, together with Event-driven Flashes.
For payment methods, ThinkMarkets offer the gateway via bank transfer, credit card (Visa and MasterCard), Skrill, Neteller, POLi internet banking, BPay, and Bitcoin wallet.
All in all, it is safe to say that for a company that started business since 2010, ThinkMarkets is an accomplished broker in terms of legal standing and innovation in trading technology. As an additional safety assurance for traders, this broker underlines its commitment to provide a $1 million insurance protection program which is made possible by ThinkMarkets' insurance policy with Lloyd's of London that protects clients' funds for up to $1 million in the unlikely event of insolvency.
Guide to Opening ThinkMarkets Live Account
ThinkMarkets open account process is very easy to follow and can be done in a few steps. Here is the complete tutorial for the ThinkMarkets sign up.
- Visit ThinkMarkets' official homepage and click "Create Account" in the top right corner. To start trading with real money, select "create a live account."
- Specify your country of residence and email address, then create a strong password and agree to the privacy policy. Click "Next" to move on.
- Provide more information about yourself. This includes your title, full name, and date of birth.
- Email verification is needed in ThinkMarkets to proceed further. Check your email inbox and enter the six-digit code on the page.
- You are also required to provide your phone number with country code.
- Next, select a ThinkMarkets platform to trade on according to your preference.
- Set up your ThinkMarkets account. Choose the account type, base currency, and leverage.
- Read the terms and conditions, then click "I confirm."
- At this point, the live account has been successfully created and is ready to use. You can check your account credentials on your email. However, please note that your account is still limited. To remove the limitations, you need to verify your profile.
- If you click "Deposit Now," you'll be redirected to the deposit page on your ThinkPortal. Simply choose a deposit method and follow the instructions to fund your account.
- If you click "Complete Your Profile," the verification process will start. First, please specify your address using the location-finding system or enter it manually.
- Then, answer a few questions about your trading experience.
- The last and most important part of ThinkMarkets verification is you need to upload a copy of your personal documents. This can be your passport, ID card, driver's license, or residence permit.
- All done! ThinkMarkets will take some time to confirm your identity. Once done, you'll be able to enjoy all the features as a verified client.
How to Open a Demo Account in ThinkMarkets
- If it's your first time registering with ThinkMarkets, you can start by clicking the "Create Account" button and select "Try a demo account".
- If you are an existing client, simply log in to your ThinkPortal and hit the "Create Demo CFD Account" from the Quick Actions side bar.
- The next step is to select which trading platform that you prefer.
- Next, decide your ThinkMarkets account currency and leverage.
- You may change the password if you want or just let ThinkMarkets generate a random one for you.
- Once you got your account credentials, you can immediately launch the trading platform and log in.
Please note that the demo account will expire after 30 days for MT4/MT5 accounts and 14 days for ThinkTrader accounts. However, if you have a live account, you'll get unlimited access to demo trading.
ThinkMarkets Account Types
To get maximum advantage of ThinkMarkets broker, it's crucial to choose the right account type for you. Keep in mind that since it heavily relies on trading style and preferences, the answer may differ from one trader to another. There are three ThinkMarkets account types, namely Mini, Standard, and ThinkZero.
If you want to start small, Mini Account might be a great choice. The minimum deposit is only $10 and the dynamic leverage goes up to 1:2000. There are 50 tradable instruments across various asset classes like forex, indices, commodities and cryptocurrency.
Standard Account is also a great ThinkMarkets account to start. It offers many favorable conditions like no minimum opening balance, spreads starting from 0.4 pips, and no commission. It's ideal for all types of traders, regardless of your level of expertise.
Lastly, if you want to trade with extremely low spreads, go with the ThinkZero Account. It offers the opportunity to trade with institutional pricing without any added markup by the broker so that spreads can go down to 0 pips. However, you'll need to pay a small commission of $3.5 per side and you can only trade forex and metals.
ThinkMarkets is a multi-awarded broker for online trading. Since 2010, they have become a highly regulated brand with a global presence that strives to empower traders with access to a wide range of financial markets on their sophisticated platform, ThinkTrader.