ThinkMarkets Review

ThinkMarkets

ThinkMarkets is a well-established broker since 2010. ThinkMarkets has headquarters in Australia, Japan, South Africa and United Kingdom. They are generally well-suited for ThinkMarkets to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by ASIC 424700, FCA (UK) 629628, FSA (Japan) 19/02/2021 and FSCA (South Africa) FSP No 49835.


Company Information

Website
www.thinkmarkets.com

Established
2010

Country
Australia, Japan, South Africa and United Kingdom

Regulation
ASIC 424700
FCA (UK), 629628
FSA (Japan), 19/02/2021
FSCA (South Africa), FSP No 49835

Features

Bonus offers

Free education

Personal manager

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Affiliate program

Islamic accounts available

Vps

Account Information

Apart from the forex demo account , this broker offers Standard and ThinkZero. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by ThinkMarkets is up to 1:30. Meanwhile, you can open an account with a starting capital of $1

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


pin

Minimum Deposit

$1

pin

Maximum Leverage

1:30

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Spread

Variable

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Commission

$3.50


Minimum Deposit $1

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-Cancels-Other (OCO) orders

One-click trading

Browser-based platform

Instruments Traded

Besides lots of currency pair, ThinkMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for Standard account, ThinkMarkets specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:30

Indexes

Indexes
1:30

Cryptocurrencies

Cryptocurrencies


Minimum Deposit $500

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, ThinkMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Indexes and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ThinkZero account, ThinkMarkets specifically provides it with the following instruments and leverage:


Forex

Forex
1:30

Gold & silver

Gold & silver
1:30

Indexes

Indexes
1:30

Cryptocurrencies

Cryptocurrencies

Payment Methods

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

ThinkMarkets also provides payment with BPAY, Credit/debit cards, Ethereum and Tether (USDT)




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, ThinkMarkets offers you MetaTrader 4, MetaTrader 5 and ThinkTrader.

Customer Support

Do you have any question or find any trouble related to ThinkMarkets? If you do, you should reach ThinkMarkets's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

Arabic
Chinese
Czech
English
German
Greek
Indonesian
Italian
Malay
Polish
Portuguese
Spanish
Thai
Vietnamese

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

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 throughout Asia-Pacific, Middle East, North Africa, Europe, and South America.

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. On the other hand, 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 Desktop, Tablet, and Mobile displays. Furthermore, customized tools such as 80+ drawing tools and 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.




FAQ About ThinkMarkets


Is ThinkMarkets a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if ThinkMarkets is a good broker for you or not by reviewing the criteria. In general, ThinkMarkets provides trading service in Forex , Gold & silver , CFD , Indexes and Cryptocurrencies . As for the payment methods, you can choose between Bitcoin, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill and Tether (USDT). The customer support is available via Email, Live chat and Phone.


What is the minimum deposit for ThinkMarkets?

The starting capital in ThinkMarkets is $1.


Is ThinkMarkets regulated?

ThinkMarkets is regulated by ASIC 424700, FCA (UK) 629628, FSA (Japan) 19/02/2021 and FSCA (South Africa) FSP No 49835. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is ThinkMarkets legit?

ThinkMarkets is a brokerage company offering trading services for clients since 2010 with offices in Australia, Japan, South Africa and United Kingdom.


Give Your Review and Rate This Broker


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20 Reviews

Jaxon
This review is not supported by evidence

Sep 20 2020

After a couple years trading with other brokers it has is refreshing to be dealing with an honest, professional team. Their support team is very friendly and responsive. I would recommend ThinkMarkets to any trader.

Addison
This review is not supported by evidence

Sep 20 2020

I lost hope after they closed all my profiting trades and when I check the trading history, there's no trades showing up it like I didn't open any trades. When I talked to live support they said I had trades opened but they were all closed because of margin call. That's really wierd and suspicious.

Karen
This review is not supported by evidence

Sep 20 2020

So many questions about this broker. After a few good trades the broker encouraged me to increase my account balance. He then reccomended some trades in silver tipped by their expert in commodities. I questioned the trade size but was assured it was safe. Then the trade was stopped. I wonder whether this breaches the code for treatment of retail clients.

Gabriel
This review is not supported by evidence

Sep 19 2020

I read online reviews that think markets customer service is poor. But when I tried to connect with them, I connected within 1 minute. The representative assisted with every questions I had.

Carter
This review is not supported by evidence

Sep 18 2020

ThinkMarkets is one of the best brokers going around, they are a hidden gem given they aren't well known. They have consistently good spreads and execution, currently doing a lot of indices thru them, DAX (GER30) being my bread and butter. I've moved on from another broker who offers tighter spreads but very very poor fills. I didn't have time to be complaining after every poor fill or chasing them up to process my withdrawal request so I shopped around. ThinkMarkets has been a breath of fresh air and great for me. They get my vote of approval.

Wyatt
This review is not supported by evidence

Sep 16 2020

Excellent suport and human quality and service to client. Hoping really a fluently proccess of fundings and other optimizations related to customer services.

Bella
This review is not supported by evidence

Sep 16 2020

I am familiar with many trading companies and what they offer and was happy to see ThinkMarkets and on TV a few days ago before the Presidents speech, I felt excited to see a trading company advertised on TV and was ready to dive right in but couldn't only because I found out that they dont have negative balance protection for South African. I'm so sad I hope that this can change in the near future, I would love to be a customer.

Hannah
This review is not supported by evidence

Sep 14 2020

very good broker.
Fast withdrawals and good execution.
cant complain,,,platform always up in news etc.
beyond me anyone can complain. They are super.

Zoey
This review is not supported by evidence

Sep 13 2020

Great broker.
Good spreads and great customer service.
My relationship manager is very helpful.

Riley
This review is not supported by evidence

Sep 12 2020

Super quick withdrawals which is a pleasant change from my other brokers that hold up my withdrawals for all sorts uncomprehendable reasons.

Salman
This review is not supported by evidence

Sep 11 2020

I have an issue with my account and trading platform. Then after contacted their support, not waiting for a long time, my problem is solved. Such a good work.

Gigi M
This review is not supported by evidence

Sep 11 2020

They have been very good to me. I started trading with ThinkMarkets because they were the only broker who offered cryptocurrencies trading but now I am also trading FX and Metals. Very convenient to have everything in one place.

S. Peter
This review is not supported by evidence

Sep 11 2020

I have been trading with Think Markets.
The account opening process with Think was pretty straightforward and depositing funds was easy. I tested withdrawing some funds so that I could trust their processes and these were returned to me within 24 hours which boosted my confidence in Think.
Customer Service is great but there was a little confusion re Cyrpto Currencies at the end of last year hence i'm not at this stage going to give 4 stars but they seem to have now wrinkled out any product offering issues.
Trading reliability is good with pretty accurate order fills and reliable systems.
Product range could be greater but there is enough to keep me busy at this stage.

Reneer S
This review is not supported by evidence

Sep 11 2020

Fast withdrawals and good execution. Platform always up in news etc. They are super.

Maynakas
This review is not supported by evidence

Sep 11 2020

I was encouraged to share my opinion as the last reviewer has some issue with withdrawal as well so I feel not alone with the issue.
If you want to practice on small amount and not expected to win this shop is right for you, but if you go big and profitable find another one. This is not for profitable players.

Lily Allen
This review is not supported by evidence

Sep 13 2020

Opened an account to trade stock CFDs, i thought they must have had a promotion on as they do not charge any commissions what so ever for trading stocks. I did contact one of their reps and they confirmed that commission free on stocks was here to stay. It's great, i can trade as little or as much as i want without getting hit with commission tickets and go long or short. For the past month I've been day trading US stocks, the volatility has been great and i can be in and out of trades all the time. They do need to increase the number of stocks they do as it is limited to the big names only. I've also started hedging via their US indexes, still trying to find the perfect strategy!

Qazwsxedc46
This review is not supported by evidence

Sep 13 2020

When it comes to spreads, they are no 1. They have an amazing suppor too. I have no issues with them until now.

Camilla H
This review is not supported by evidence

Sep 11 2020

I have a mini account for testing trading strategies, for about 2 years everything went very well. Recently I faced a problem with some orders opened at unrealistic prices, followed by huge slippages for S/L. I completed a request for investigation, promptly and fairly they confirmed that the trades were erroneously opened due to AUDUSD spike and they refunded me. I stopped trading just because it wasn't suited, I mostly placed buy stop orders that were risky at spikes.

Barton
This review is not supported by evidence

Sep 11 2020

I heard that if you start to complain to this broker, you'll know that they are actually certified from countries in Bermuda, not FCA, AFCA, etc.

Jessica Wang
This review is not supported by evidence

Sep 11 2020

It has been a good experience and profitable trades with ThinkMarkets. That I did is I just followed my plan and risk management. Kindly advise you that you need to be educated or just find a good signal provider