ThinkMarkets Review

ThinkMarkets

ThinkMarkets is a well-established broker since 2010. ThinkMarkets has headquarters in Australia, 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 and FSCA (South Africa) FSP No 49835.

However, the vast majority of international clients trade with Bermuda's unregulated entity, Think Capital Limited. While the payment processor for all subsidiaries, TFG (Payments) Limited, operates outside 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 75.43% 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.


Company Information

Website
www.thinkmarkets.com

Established
2010

Country
Australia, South Africa and United Kingdom

Regulation
ASIC 424700
FCA (UK), 629628
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 1:500. Meanwhile, you can open an account with a starting capital of $1

ThinkMarkets offers two types of live account:

  • Standard: The Standard account offers the lowest deposit of just $1. The minimum lot size is 0.01 lots. It also allows you to program Expert Advisors, hedging, and scalping. Traders are able to easily build their own trading strategy, with pending orders, OCO orders, one-click trading, and trailing stop 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. 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

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

1:500

pin

Spread

Variable

pin

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

Fees

ThinkMarkets is commission-free but charges a 0.4 pip mark-up. Raw spreads are around 0.0 with an average of 0.1 pips for a commission of $3.50 per lot or $7.00 per round lot. Clients should be wary of hidden fees such as swap charges on overnight positions. After 6 months of inactivity, fees are charged at $30 monthly, and ThinkMarkets charges an excessive 3.00% currency conversion fee. ThinkMarkets does charge select market data fees and 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, 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.

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

  • 1,500 CFDs
  • 16 index CFDs plus 6 which are priced in the Australian Dollar
  • 40 currency pairs
  • 10 commodity CFDs
  • 5 cryptocurrencies
  • 13 futures contracts

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

Fees

ThinkMarkets is commission-free but charges a 0.4 pip mark-up. Raw spreads are around 0.0 with an average of 0.1 pips for a commission of $3.50 per lot or $7.00 per round lot. Clients should be wary of hidden fees such as swap charges on overnight positions. After 6 months of inactivity, fees are charged at $30 monthly, and ThinkMarkets charges an excessive 3.00% currency conversion fee. ThinkMarkets does charge select market data fees and 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, 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.

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

  • 1,500 CFDs
  • 16 index CFDs plus 6 which are priced in the Australian Dollar
  • 40 currency pairs
  • 10 commodity CFDs
  • 5 cryptocurrencies
  • 13 futures contracts

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


Forex

Forex
1:500

Gold & silver

Gold & silver
1:500

Indexes

Indexes
1:500

Cryptocurrencies

Cryptocurrencies

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.

Existing users can deposit money into their accounts through:

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.

  • MT4: MT4 receives good customer reviews, promising reliability, and excellent infrastructure with over 20,000 expert advisors (EAs) and custom indicators, many free of charge.

metatrader 4

  • MT5: The more advanced MetaTrader 5 (MT5) platform offers a host of advanced tools suitable for professional traders, even though often referred to as the failed successor to the MT4.

metatrader 5

  • ThinkTrader: ThinkTrader is an alternative for manual trading, which features a clean user interface and real-time news from FX Wire Pro.

thinktrader

 

Unique Features

Head below for more details:

  • Manual traders will benefit from the Autochartist MT4/MT5 plugin due to the facility of automatic chart patterns and other tools.
  • Trading Central improves competitive trading tools and improves research and trading conditions.
  • For automatic traders, there is free VPS hosting provided that they have traded 15.0 lots per month. Automatically, merchants who do not meet the criteria will be charged an additional fee even though there is a 15% discount offer.
  • Social trading can be done through ZuluTrade.
  • ThinkInvest provides in-house retail financial management services.
  • The FIX protocol enables external trading solutions to connect to the ThinkMarkets infrastructure.

 

Research and Education

There are several guides, news, and educational content available:

  • Four in-house analysts who write high-quality market commentary and trading ideas under the Market News section. Readers can filter the information based on markets, categories, and authors. It also includes a market sentiment indicator based on client positions.
  • The ten trading guides, split into three sections, deliver the best value and are an excellent starting point for new traders. A sign-up is mandatory to download the guides.
  • The MT4 tips and tricks article is a helpful shortcut for new traders.
  • Introduction to technical analysis, complemented by the indicators and chart patterns section.
  • ThinkMarkets also hosts extensive live webinars.

 

Bonuses and Promotions

At the time of writing, ThinkMarkets is not offering promotions nor bonuses for clients.

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:

Traders can speak to customer support 24/7 via e-mail, call, or use the live chat function, the most convenient form to reach a support representative. The website also has a fairly extensive FAQ section that answers the most common questions. Most traders will not require assistance, but if the need arises, swift access is available.

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 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, South Africa and United Kingdom.


Give Your Review and Rate This Broker


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26 Reviews

TraderWho
This review is not supported by evidence

Dec 2 2021

As a new trader, ThinkMarkets provided a lot of useful educational materials. I would recommend this broker for other newbies looking for more experience and learning curves.

Traderstalker
This review is not supported by evidence

Nov 23 2021

The fast and hassle-free withdrawal process amazed me. Highly recommend for all kinds of traders.

Jay Reno
This review is not supported by evidence

Nov 12 2021

I feel like their platform is suitable for professional traders as it has complex features. But it's easy to use, so I think new traders will like it too.

Kathy Zayne
This review is not supported by evidence

Nov 3 2021

So far I have no issue with this broker. Good trading executions! The customer service is a bit slow response which can be a problem.

Lynette
This review is not supported by evidence

Nov 2 2021

I really love their platform, it works great and offers a lot of advanced features. I'd like to see if I can create an automated or semi-automated strategy.

ZLee
This review is not supported by evidence

Oct 25 2021

Really bad slippage! The overall platform is bad and doesn't regards the users demand at all. Withdrawall is difficult and sometimes refused.

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