ThinkMarkets Review

ThinkMarkets

Get target spreads as low as 0.6 on the German index. Trade CFDs on 4,000+ products with 24/7 support

Broker: ThinkMarkets

Leverage: 1:400

Regulation: ASIC. FCA. FSCA.

Min. Deposit: 0 US$

HQ: UK. Australia

Platforms: MT4, MT5, ThinkTrader

Found In: 2010

Website: thinkmarkets.com

ThinkMarkets Licences

  • TF Global Markets Limited - Authorized by FCA UKregistration No.629628

  • TF Global Markets Pty Ltd - Authorized by ASIC Australia (Australia)registration number. 424700 ABN: 69158361561

  • TF Global Markets Ltd - Authorized by FSCA (SA) registration FSP Number 49835

What is ThinkMarkets?

In 2010, saw the launch of ThinkForex New Zealand with the goal to improve forex trading by providing leading technology to the community.


The company's rapid growth and growing demand led to the broker naming the business ThinkMarkets . This brand also gave rise to the ThinkMarkets brand. It also enhanced client security according ASIC regulations and FCA regulations.


ThinkMarkets moved its global headquarters to London and Melbourne in Australia. ThinkMarkets has been named "Fastest Growing Forex Broker" sincethe company had hubs in Asia-Pacific, Europe, and South America. It also delivers exceptional trading performance.


ThinkMarkets continues to grow and has acquired South Africa brokerage. It is now fully legal in Africa. For more information, see the news tab.

Overview

Established in 2010, ThinkMarkets is a premium multi-asset online brokerage with headquarters in London and Melbourne, providing quick and easy access to a wide range of markets including forex, CFDs on equities, cryptocurrencies, commodities, indices, futures and more.


It delivers such trading solutions as MetaTrader 4, MetaTrader 5 and ThinkTrader, awarded for Best Mobile Platform by the forex community.


Pros

  • Over 4000+ trading instruments

  • MT4, MT5, ThinkTrader

  • Free Demo account

  • Multi-language support

  • licensed broker with top-tier licenses from ASIC and FCA for safety

  • Wide range of trading platforms

  • Large selection of instruments, including Cryptocurrencies

  • Good PAMM, MAM trading conditions

  • Education

  • Social trading


Cons

  • Each entity has its own conditions and CFDs are the most common instruments.


Rating of the company overall

  • Reliability ⭐⭐⭐⭐⭐

  • Platform ⭐⭐⭐⭐⭐

  • Commissions ⭐⭐⭐

  • Support ⭐⭐⭐⭐⭐

  • Financial instruments ⭐⭐⭐⭐⭐

RATING: 4.7


Specifications


Is ThinkMarkets a safe site or a fraud?

ThinkMarkets isn't a fraud. It is a multi-regulated broker, including top-tier regulation.


Is ThinkMarkets legitimate?


Trade with ThinkMarkets is easy and safe. You will be able to trade with ThinkMarkets with confidence knowing that the broker is fully registered with the Australian Securities and Investments Commission as well as being authorized and regulated by the UK Financial Conduct Authority (FCA).


Besides, the African region was also covered, since ThinkMarkets acquired brokerage. (Read FSCA Regulated Inox Broker Review) in South Africa.


What can you do to be protected?


In simple terms, the regulatory status means that a client is treated fairlyaccording the international laws, requirements and regulations, while trader funds are kept in select top-tier banks such as Barclays and National Australia Bank.


Traders funds are also segregated from company funds. Daily fund reconciliation is performed and the standard Financial Services Compensation Schem (FSCS) is applied. Clients are covered under the investments' claim category, up to PS50,000 per individual per firm in the event of a broker default.

Trade Instruments

The company offers to find hundreds of markets to trade, and continuously increases its range. The current offer comprises 38 major and minor FX pairs, Cryptocurrencies and 9 global Indices and Metals. There are also over 125 shares.

The best market conditions for trading Cryptos are offered by the crypto trade - Bitcoin, Ethereum and Ripple.

Leverage

Retail traders with smaller sizes can benefit from leverage. The leverage levels offered will vary depending on the ThinkMarkets entity that you trade with.

  • Since the UK FCA regulation has a significantly lower leverage requirement, the 1:30 level was used for major Forex pairs accounts.

  • Australian traders who are covered under the ASIC regulation can still enjoy a high level 1:400 for Forex instruments.

  • South Africa traders

  • South Africa traders maximum leverage 1:200

However, it is important to understand how to leverage effectively and avoid falling into unfavorable situations and high risks.

Types of accounts

ThinkMarkets accounts are two types of account. A free Demo is also available for you to try the experience.

Standard is offered without commission and the option to choose between the fixed spread or the variable spread . The higher account class is for active traders, ThinkZero. You get VPS and Autochartist as part of the ThinkZero benefits. There is also a dedicated account manager.

Fees

THinkMarkets fees vary depending on what activity you engage in. ThinkMarkets also launched many investment and partnership programs. ThinkInvest, an investment service that allows you to trade the financial market by investing in the expertise and knowledge of a Money Manager via PAMM Account Brokers (Learn more about PAMM Account Brokers). Below is a comparison of fees.

Overnight fees


The overnight charge must be considered a cost unless you trade forex swap-free. For example, the EURUSD swap for long position is -2.5% while the short one will add 2.5% to your account. EURUSD swaps for long positions are -2.5%, while short ones will add 2.5%.

Spreads

ThinkMarkets' major benefits include the ability to offer clients tight spreads even in volatile markets starting at 0.1 pips EUR/USD. The conditions vary depending on which account type you choose, with Standard account offering spread basis only from at 0.4 pips and an average of around 1.2.


ThinkZero account is more suitable for professional trading. It requires 500$ to open an account and offers spreads starting at 0.1 pip with a commission rate of 3.5$ per trade.

You can check the spread of ThinkMarkets by looking at the table below. Also, you can compare ThinkMarkets trading fees to HotForex.

Trade Platforms

Trading performance at a technological level and supported by well-designed and developed broker platforms. You can choose the best one for your trading needs. It is a good choice, as we have ranked it in our ThinkMarkets Review.

Pros

  • ThinkTrader, MT4, and MT5

  • Copy Trade, Social Trading, and Technical Indicators

  • There are no restrictions on the strategies

  • Fast execution

  • Available in different languages

Cons

  • None

Desktop Platform

The choice between two platforms brings the MetaTrader4 and its updated version MT5 to the client.

Their main characteristics were not the only thing that made them stand out. In 2013, their partnership with Equinix brought an faster execution speed through the use of colocation data centers to lower trading latency.


Features high-end service for ultra-fast trade execution as well brings benefit from institutional-quality apps, indicators and insights powered by the progressive add-ons and additional features.

ThinkTrader offers multi-device tradingwith 80 indicator, 50 drawing tools, 14 chart types and up to 200 cloud-based notification at no cost. Expert Advisors come with stop loss and other risk management tools.

Web Trading

All platforms can be accessed through Web Versions, so you can access trading rooms from your browser without any previous installation.

Mobile Platform

MetaTrader 4 is an extremely powerful platform, but versions can vary between brokers. The ThinkMarkets MT4 platform is mobile-optimized and packed with tools that support all trading styles.

ThinkTrader mobile is ranked the world's No. 1 mobile trading app.

Withdrawals and deposit

The broker created ThinkPortal to manage client accounts. This allows clients to withdraw or deposit funds, update their personal information, and receive updates.

ThinkMarkets Minimum Deposit

ThinkMarkets does not require a minimum deposit to open a Standard account. Funds can be deposited or withdrawn using a variety of payment methods.


  • Bank wire transfer,

  • Debit and credit cards

  • Skrill

  • Neteller

  • Bitcoin via BitPay


However, it is important to check conditions in accordance with entity rules as fees and methods may differ.

ThinkMarkets Minimum Deposit vs Other Brokers

Withdrawals

You can withdraw funds from your ThinkMarkets account quickly, easily, and without any fees , which is a huge plus for your future performance.


How do I withdraw funds from ThinkMarkets?


Log in to your ThinkPortal and click on Money management. Click on Withdrawal request and submit the form. Check the status of the approval. Add any additional processing days your payment provider may require.

Customer Support

It is a good idea to keep in mind in ThinkMarkets Customer Support. We found a professional team available round the clock and could access international languages via email, chat, and phone lines in many regions, including Australia, South Africa and Asia.

Education

The company's winning customer service and learning teams are available to clients. ThinkMarkets provides support both new and seasoned traders by creating a comprehensive learning centre with webinars and trading guides that cover both fundamental and technical analysis as well as market psychology.

Conclusion

ThinkMarkets is a top-rated broker in many ways, including technology, reliability, customer support, and pricing. The broker is a popular choice because of their constant efforts to provide the best possible service to clients and to keep up with the latest technological developments. ThinkMarkets, the only UK & Australia and South Africa regulated brokers that offers 9 cryptocurrencies.