ThinkMarkets Review

ThinkMarkets is a well-established broker since 2010. ThinkMarkets has headquarters in Australia, United Kingdom, Japan, South Africa and Seychelles. ThinkMarkets to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by ASIC 424700, FCA (UK) 629628, FSA (Japan) 0250, FSCA (South Africa) FSP No 49835, FSA (Seychelles) FRN No SD060 and CySEC 215/13.

International clients usually trade under the FSA regulation of the Seychelles, TF Global Markets Int Limited. While the payment processor for all subsidiaries, TFG (Payments) Limited, is registered in the United Kingdom.

Founded in 2010, ThinkMarkets is a multi-asset brokerage based in Australia and the UK with dual headquarters in Melbourne and London, as well as regional offices throughout the Asia-Pacific region, the Middle East, North Africa, Europe, and South America.

Although the data shows that 71.89% of retail traders lose money on ThinkMarkets per UK unit, the security of the broker deserves a thumbs up. ThinkMarkets separates client deposits from corporate funds, as mandated by regulators. The best protection provided by this broker is the separately obtained insurance policy of up to $1,000,000 in case of bankruptcy. Traders looking for a safe and secure multi-asset broker will feel comfortable trading at ThinkMarkets.

Major Information

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 $0.

ThinkMarkets offers two types of live account:

• Standard: The Standard account offers the lowest deposit of just $0. The minimum lot size is 0.01 lots. It also allows you to use hedging, and scalping. Traders are able to easily build their own trading strategy, with pending orders, OCO orders, and one-click trading options. Traders can experience variable spread and browser-based platforms, but this account charges overnight swap fees.
• ThinkZero: There is a minimum deposit of $500 and execute a minimum of 0.01 lots. You are allowed to trade assets with variable spread. Expert Advisors, hedging, as well as scalping, are also permitted. The trading platform boasts an intuitive interface with automated trading, mobile trading, and one-click trading, which also offers dozen of tools, such as trailing stop and pending orders. There are swap rates for holding overnight positions

Min Deposit

$0

Max Leverage

1:30

Spread

Variable

Commission

$3.50

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

• Standard
• ThinkZero

💲 Min Deposit $0

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

⏳ Pending orders

One-Cancels-Other (OCO) orders

1️⃣ One-click trading

💸 Commission

Fees

ThinkMarkets Standard account is commission-free but charges a 0.4 pip mark-up. ThinkZero account spreads are around 0.0 with an average of 0.1 pips but charge commission of $3.50 per lot. Clients should be wary of hidden fees such as swap charges on overnight positions. The broker does not usually charge inactivity fees, yet reserves the right to do so. ThinkMarkets does not charge market data fees nor third-party payment processors.

Instruments Traded

Besides lots of currency pair, ThinkMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stock CFD, Indexes and Crypto 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.

ThinkMarkets supports trading on a wide range of assets, including:

• 3,500+ Share CFDs
• 17 index CFDs plus 6 which are priced in the Australian Dollar
• 46 currency pairs
• 11 commodity CFDs
• 27 cryptocurrency CFDs
• 11 futures contracts

Cryptocurrency CFDs are not offered to retail clients in the UK.

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

Forex
1:30

Gold & silver
1:20

Stock CFD
1:5

Indexes
1:20

Crypto
1:2

*Cryptocurrency CFDs are not offered to retail clients in the UK

💲 Min Deposit $500

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

🕛 Overnight interest rates (swaps)

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

💸 Commission $3.50

Fees

ThinkMarkets Standard account is commission-free but charges a 0.4 pip mark-up. ThinkZero account spreads are around 0.0 with an average of 0.1 pips but charge commission of $3.50 per lot. Clients should be wary of hidden fees such as swap charges on overnight positions. The broker does not usually charge inactivity fees, yet reserves the right to do so. ThinkMarkets does not charge market data fees nor third-party payment processors.

Instruments Traded

Besides lots of currency pair, ThinkMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stock CFD, Indexes and Crypto 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.

ThinkMarkets supports trading on a wide range of assets, including:

• 3,500+ Share CFDs
• 17 index CFDs plus 6 which are priced in the Australian Dollar
• 46 currency pairs
• 11 commodity CFDs
• 27 cryptocurrency CFDs
• 11 futures contracts

Cryptocurrency CFDs are not offered to retail clients in the UK.

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

Forex
1:30

Gold & silver
1:20

Stock CFD
1:5

Indexes
1:20

Crypto
1:2

*Cryptocurrency CFDs are not offered to retail clients in the UK

Payment Methods

Withdrawal and funding your account are possible through bank wires, credit/debit cards, Skrill, Neteller, and BitPay. Deposits are processed from instant to three business days, while withdrawal requests are processed within 24 hours. There are no fees for deposits or withdrawals, but third-party costs may apply. Bank wires face a $25 fee and require a minimum withdrawal of $100. ThinkMarkets may refuse a request on trading accounts with minimal trading activity, or if the withdrawal risks a negative account balance. However, it should be noted that if you are from the Asian region, payment using PayPal is currently not available.

Existing users can deposit money into their accounts through:

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

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.

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.

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.

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

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