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ThinkMarkets Review

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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) 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.


Company Information

🌐 Website
www.thinkmarkets.com

Year Established
2010

🌎 Country
AustraliaUnited KingdomJapanSouth AfricaSeychelles

💼 Regulation

Features

📖 Free education

👩‍💼 Personal manager

👨‍💻 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 $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
pin

Min Deposit

$0

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Max Leverage

1:30

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Spread

Variable

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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:



💲 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

💻 Browser-based platform

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 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:

  • 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

Forex
1:30

Gold & silver

Gold & silver
1:20

Stock CFD

Stock CFD
1:5

Indexes

Indexes
1:20

Cryptocurrencies

Cryptocurrencies
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

📱 Mobile trading

Automated trading

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 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:

  • 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

Forex
1:30

Gold & silver

Gold & silver
1:20

Stock CFD

Stock CFD
1:5

Indexes

Indexes
1:20

Cryptocurrencies

Cryptocurrencies
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



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 and beginner traders.

metatrader 5

  • ThinkTrader: ThinkTrader is an alternative for manual trading, which features a clean user interface and real-time news from FX Wire Pro. Unfortunately, ThinkZero users cannot use this platform.

thinktrader

 

Unique Features

Head below for more details:

  • Trading Central Indicator 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.
  • The ThinkTrader platform has web-based, desktop and mobile versions.

 

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 or 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 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.



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 , Commodities , Commodities, Shares & ETFs, Futures , Indexes and Cryptocurrencies. As for the payment methods, you can choose between BPAY, Credit/debit cards, Bank Transfer, Neteller, PayPal, Skrill Crypto wallet (using Ethereum, Bitcoin & Tether). The customer support is available via Email, Live chat and Phone.


What is the minimum deposit for ThinkMarkets?

The starting capital in ThinkMarkets is $0.


Is ThinkMarkets regulated?

ThinkMarkets is 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. 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.


54 Reviews

Rey Binkley
Pakistan Aug 19 2022

I know that ThinkMarkets offers social trading on its official website. But, which social trading platforms does ThinkMarkets use? Also, is there any kind of extra cost I should be aware of? One of the most important things is, does this platform available on the mobile device? I am a busy trader so I tend to spend time outside.

Zoila Boland
Taiwan Aug 19 2022

Is it possible to trade stock CFD in the ThinkMarkets? Precisely the Australian stocks. I heard that ThinkMarkets have a great reputation when it comes to the CFD trading platform, so I really want to try it. That being said, prior to this, I had only been trying a demo account in another broker to teach myself a few things about trading platforms.

Mireya Staten
France Aug 19 2022

While I'm interested in trying out the raw spread account, I am not too sure about the commission fees. The commission fees always end up increasing my trading costs. That wouldn't look good for my trading funds.

So, I guess the standard account would fit me better. However, I am worried about the spread. I would be glad if anyone can point out how much the average spread for this account type is.

Gerry Winn
Pakistan Aug 19 2022

Is it possible to deposit using credit cards in ThinkMarkets? Normally, I wouldn't use it for a deposit. But there are some problems in my bank account that don't let me transfer some money overseas. A credit card is the best way for me to deposit some funds into my trading account.

I am always open if this broker allows PayPal, although the price can be a little too steep for me. But I guess it still is better compared to using my bank account.

Alexa Gaddy
Argentina Aug 19 2022

The withdrawal took a long time, I might already have children when my money arrived. 

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PLEASE don't advise me to contact their customer service, because I did! Nothing happens! It's frustrating because that is the only place I can go to. So now I am writing this review just to clear some things off my chest. This also happened to a few of my friends and it makes me wonder if has anyone ever succeeded in withdrawing money from this broker in a short time.

Cleo Thorton
Taiwan Jun 3 2022

Long-term forex trader here, and I am currently looking for a good broker that has the best possible leverage for me. How much leverage can I get in ThinkMarkets? Also, will there be any differences according to what pairs or what instruments I am trading with? I know that using leverage can be very risky, but it does help me in the markets. Besides, this is not my first rodeo, so I think I will manage.

ThinkMarkets
Jun 17 2022

Cleo Thorton:  You can view all details for the instrument from our official websites.

Stacey Groce
Australia Jun 3 2022

Does ThinkMarkets have good customer service support? What kind of platforms can I reach them from besides emails? Preferably the one that they can answer instantly.

Perhaps this is a trivial matter for other people, but for me, it is actually very important. I had the opportunity of meeting very bad customer service when I was having a huge problem with my trading account.

This has led to an immense loss on my part and I do not want to lose a lot of money just because the support system can't reply on time.

IC Markets
FranceJun 17 2022

Stacey Groce:  We offer 24/7 live chat
You can also email and call us.

Kristofer Venable
Taiwan Jun 3 2022

Is ThinkMarkets the best place for beginners to start trading? What kind of benefits do they offer for newbies? I personally have plenty of criteria that I think would suit me, including but not limited to:

1. A good demo account with a lot of instruments choices and a good virtual balance (around $10k)

2. Great educational programs for beginners, which include basic trading skill courses and interesting interactive programs like webinars.

3. Low deposit as well as low deposit and withdrawal fees, most new traders are afraid to spend a lot of money for first-time trading.

ThinkMarkets
Jun 17 2022

Kristofer Venable: For item 1, you can try by register a demo account.
For item 2, you can have a read the information at our official websites
For item 3, we don't have a minimum deposit for a Standard account

Quintin Jett
France Jun 3 2022
Account Number: (45162xxx)

How much do the inactivity fees cost in ThinkMarkets? Also, how long should an account be inactive for it to be charged with inactivity fees? The thing is I have just recently started trading in this broker and I think I have about $300 in my account balance.

But I have to take care of real-life business and I might not be able to trade for a while. If ThinkMarkets does charge inactivity fees, will they take it out of my balance or will they send me an invoice? I am a new trader so I don't have much knowledge about this.

ThinkMarkets
Jun 17 2022

Quintin Jett: The inactivity fee is $30, and it is charged when inactive for 6 months
The fee will be deducted from the account balance.
You can register a demo account to try out our platform, and see how it works, before funding your account.

Rocco Menard
United States Jun 3 2022

In the beginning, they were a very good company, Trusted, honest, and have a very exquisite customer support system. But, then somehow they changed, and I started to have difficulties trying to withdraw money from this broker. Then they have a very high slippage in the spreads, more than 300% in some cases. This company has dropped a lot in quality and it's getting worse. A lot of my order wasn't executed properly, causing me to lose a lot of important opportunities. I don't know what happened, but I am not sure if I want to come back.

ThinkMarkets
Jun 17 2022

Rocco Menard: Hi, thank you for your inquiries.
All of the information needed can be found on our websites.