ThinkMarkets Review 2022

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71.89% of retail investor accounts lose money when trading CFDs with this provider.

ThinkMarkets is a multi-regulated forex and CFD broker

Awards
  • Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
  • Best Value Broker in Asia at the 2020 - Global Forex Awards
  • Best Forex Trading Experience 2017 - UK Forex Awards
  • Best Forex Trading Innovation 2017 - UK Forex Awards
  • Best Customer Service 2013 - UK Forex Awards
InstrumentsForex, CFDs, ETFs, Futures, Shares, Commodities, Cryptocurrencies, Spread Betting (UK Only)
Demo AccountYes
Min. Deposit$0
Payment Methods
Min. Trade0.01 lots
Regulated ByFCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles
MetaTrader 4Yes
MetaTrader 5Yes
cTraderNo
OmniTraderNo
AlgoTraderNo
TradingViewNo
Trading CentralYes
AutochartistYes
eSignalNo
STP AccountYes
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsYes
Margin TradingNo
Volatility IndexNo
Spot TradingNo
Perpetual SwapsNo
ELWsNo
REITsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionYes
VPS HostingYes
TournamentsNo
Demo CompetitionsNo
Managed AccountsNo
Market MakerNo
Auto TradingYes - EAs compatible
Social TradingYes
Copy TradingYes
Trade SignalsNo
Islamic AccountYes
Commodities
  • Gold
CFD TradingCFDs are available on multiple markets, including FX, indices, shares, commodities & cryptocurrency
CFD FTSE Spread0.7
CFD GBPUSD Spread0.4
CFD Oil Spread0.03
CFD Stocks SpreadFrom 0.4
CFD Leverage1:500
Forex TradingTrading available on 46 major, minor, and exotic currency pairs
Forex GBPUSD Spread0.3 (ThinkZero) Variable
Forex EURUSD Spread0.0 (ThinkZero) Variable
Forex EURGBP Spread0.0 (ThinkZero) Variable
Forex Assets46
SpreadbettingYes
Crypto TradingTrading on popular 20+ crypto coins, including Bitcoin, Ethereum & Dash. Leverage up to 1:10
Crypto SpreadBTC 25, ETH 6 (Variable)
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Crypto Coins
  • BCH
  • BTC
  • DOGE
  • ETH
  • LTC
  • XLM
  • XMR
  • XRP
71.89% of retail investor accounts lose money when trading CFDs with this provider.

ThinkMarkets is a multi-regulated broker offering trading in forex and CFDs. Users can choose between MT4 and MT5, plus the broker’s ThinkTrader platform. This, along with low trading fees and over 3500 instruments makes the ThinkMarkets group an attractive proposition.

Our review will unpack the login process, client portal features, and more.

71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

ThinkMarkets Overview

ThinkMarkets was founded in 2010 by CEO – Nauman Anees. The group has headquarters in Melbourne and London and forms part of Think Capital Limited, a company registered in Bermuda.

Since 2010, the online broker has expanded its trading operations, attracting 550,000 users in 180 countries, including Indonesia, Egypt, the UAE, and Bulgaria. In 2018 ThinkMarkets made the news for allowing Australian investors to invest in an emerging financial technology market with a £100 million initial public offering (IPO) on the ASX.

The broker is regulated by the Australian Securities & Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), South Africa’s Financial Services Conduct Authority (FSCA) and the Financial Services Authority (FSA) Seychelles.

Additionally, the broker has obtained two additional regulatory licenses; the Cyprus Securities and Exchange Commission (CySEC) in Europe as well as the Japanese Financial Services Agency (JFSA).

Trading Platforms

Three trading platforms are available; the broker’s own ThinkTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).

ThinkTrader

The broker’s proprietary ThinkTrader platform is slick and intuitive. Users get over 125 indicators, 50 drawing tools, plus 20 different chart types. Clients also benefit from close to 200 free cloud-based notifications. Direct chart trading is also available, along with standard risk management tools and multiple order types.

ThinkMarkets trading platform
ThinkTrader Platform

MetaTrader 4

The MT4 platform can be downloaded to your PC free of charge. The platform promises fast trade execution, over 100 indicators, and one-click-trading. The MT4 system also comes with a host of superb apps and additional features, including free access to Trading Central, a VPS, and FXWirePro.

MetaTrader 4 platform
MetaTrader 4 platform

MetaTrader 5

The MT5 platform is the latest version of the popular MT4 software. It appeals to seasoned traders, in particular, offering more advanced trading tools and analysis features. Users benefit from additional technical indicators and timeframes, plus an enhanced strategy tester for EAs, as well as a built-in economic calendar.

thinkmarkets MetaTrader 5 platform
MetaTrader 5 platform

Platform Options:

Markets

ThinkMarkets has a 3500+ list of tradable instruments, covering:

Spread betting is also available for UK clients only.

Spreads & Commissions

ThinkMarkets scored highly in terms of trading fees. Spreads are variable and start from zero pips on major FX pairs, such as the EUR/USD and GBP/USD.

With the ThinkZero spread account, there is a $3.5 commission per side of 100,000 (£2.5 units per side in the UK). This commission applies to FX and Metals only and ThinkZero accounts are available on MetaTrader 4 and MetaTrader 5 platforms.

ThinkMarkets reserve the right to charge an inactivity fee.

Traders will be pleased to see there are no swap rates.

Leverage

The maximum leverage available depends upon the type of account (retail /professional) and the ThinkMarkets entity.

To avoid a margin call, make sure you have enough capital in your account.

Note, due to regulations, the maximum leverage available to traders from Europe, the UK and Australia is 1:30.

Mobile App

ThinkMarkets offer a full-service mobile app called ThinkTrader, which is available to download for iOS and Android devices. Previously Trade Interceptor, ThinkMarkets has enhanced the platform to provide a superior mobile trading experience. The app has since been rated five stars by over 15,000 users.

The award-winning mobile program offers thousands of markets, in-app chat support, plus a breadth of analysis tools and technical indicators.

ThinkTrader Mobile App From ThinkMarkets
ThinkTrader Mobile App From ThinkMarkets

Payment Methods

Funding your account is available via several deposit methods (which may vary depending on the client’s country of residence and the ThinkMarkets entity):

There is no minimum deposit with the Standard account, but the ThinkZero account requires a minimum deposit of $/£500.

For security reasons, the withdrawal and deposit method must be the same. Withdrawals are normally processed within 24 hours but may take up to seven working days. For withdrawals via bank transfer, the minimum withdrawal amount is $/£100. There are no deposit or withdrawal fees at ThinkMarkets.

Demo Account

ThinkMarkets offers a demo account with $/£25,000 in practice cash. Users can refine strategies and test the MT4, MT5, and ThinkTrader platforms while getting familiar with the available instruments.

Demo accounts on MT4/MT5 will expire after 90 days of inactivity and demo accounts on the ThinkTrader platform do not expire but ThinkMarkets do reserve the right to close them.

Welcome Bonus & Promotions

ThinkMarkets do not currently have any active promotions or offers.

Regulation & Licensing

TF Global Markets UK Ltd is FCA registered while the group also holds licenses with the Australian Securities & Investments Commission (ASIC), South Africa’s Financial Services Conduct Authority (FSCA), Cyprus Securities and Exchange Commission (CySEC), Japan’s Financial Services Agency (JFSA) and the Financial Services Authority (FSA) Seychelles.

The broker offers negative balance protection to stop clients from losing more than their deposits. Also, ThinkMarkets has a £1 million insurance protection plan.

Overall, we’re satisfied the broker is highly regulated and trustworthy.

Additional Features

ThinkMarkets has a pretty good library of educational resources. For beginners, there are free video tutorials and a trading glossary. Tutorials aimed at intermediate and advanced traders are also available. Additionally, trend PDFs, market news, and blogs from industry experts can be found on the broker’s website.

The multitude of tools are all designed to help traders boost revenue and minimise losses.

Account Types

ThinkMarkets has two popular retail accounts:

Islamic trading accounts and joint accounts are also available.

Note the broker does not use an ECN model and is primarily a market maker.

Benefits

ThinkMarkets scores highly in broker rankings for several reasons:

Drawbacks

Downsides to trading with ThinkMarkets include:

Trading Hours

ThinkMarkets trading hours follow standard opening and closing times of respective markets. So, for forex and indices, most trading will take place Monday to Friday. Contract specific opening hours can be found on the broker’s website.

Customer Support

ThinkMarkets multilingual customer support team is available 24/7. They can be contacted through:

A self-service FAQ client portal and online query form are also available on the broker’s website.

Use ThinkMarkets social media channels to keep up to date with the latest product and promotional news:

ThinkMarkets have global offices in London, Chicago, Melbourne and South Africa.

Security

The ThinkMarkets website is secured using industry-standard encryption protocols. Also, the MetaTrader platforms use a one-time-password to provide an additional layer of security.

ThinkMarkets Verdict

ThinkMarkets is an excellent forex and CFD broker. A choice of trading platforms, thousands of instruments, and low fees make the group suitable for beginners and veterans. The broker is also highly regulated with a long list of positive reviews from customers worldwide.

Accepted Countries

ThinkMarkets accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use ThinkMarkets from United States, Canada, Belgium, Russian Federation.

Compare ThinkMarkets

Compare ThinkMarkets with similar brokers that accept traders from your location. Among available brokers these are the most similar to ThinkMarkets:

  1. IG Group – IG-US offer spread betting, CFD and Forex trading across a range of markets. They are FCA regulated, boast a great trading app and have over 47 year track record of excellence.
  2. eToro – eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs. eToro USA LLC does not offer CFDs, only real crypto assets available.
  3. AAAFx – AAAFx offers CFD trading in forex, commodities, indices and cryptocurrencies.
  4. Forex.com – Forex.com boast a global reputation. Regulated in the UK, EU, US and Canada they offer a huge range of markets, not just forex, and offer tight spreads on a cutting edge platform.

ThinkMarkets Comparison Table

Compare ThinkMarkets With Similar Brokers
ThinkMarkets IG Group eToro AAAFx Forex.com
Rating 4.4 4.7 4.5
Markets Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $0 £250 $10 $10 $100
Minimum Trade 0.01 lots 0.1 lots $10 0.01 lots $1
Regulators FCA, ASIC, FSCA, CySEC, JFSA, FSA Seychelles FCA, ASIC, MAS, FSCA, JFSA, FMA, CFTC, NFA, BMA, DFSA, FINMA, BaFin FCA, CySEC, ASIC, FSA HCMC (Greece), FSCA (South Africa) CySEC, IIROC, NFA, CFTC, FCA, CIMA
Bonus 100% Deposit Bonus available for Global clients No
Education No Yes Yes No Yes
Platforms MT4, MT5 MT4 MT4, MT5 MT4
Leverage 1:500 1:30 1:30 EU 1:30 EU, 1:500 Global 1:200
Payment Methods 8 6 14 8 8
Detailed Comparison ThinkMarkets vs IG Group ThinkMarkets vs eToro ThinkMarkets vs AAAFx ThinkMarkets vs Forex.com
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Compare Trading Instruments

Compare ThinkMarkets Trading Instruments
ThinkMarkets IG Group eToro AAAFx Forex.com
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks Yes Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes No Yes
Gold Yes Yes Yes Yes Yes
Copper No Yes Yes No No
Silver No Yes Yes No Yes
Corn No No Yes No No
Crypto Yes Yes Yes Yes Yes
Futures No Yes No No Yes
Options No Yes No No Yes
ETFs No Yes Yes No No
Bonds No Yes No No No
Warrants No No No No No
Spreadbetting Yes Yes No No No
Volatility Index No Yes Yes No No

ThinkMarkets vs Other Brokers

Compare ThinkMarkets with any other broker by selecting the other broker below.

ThinkMarkets vs

FAQ

What instruments can I trade at ThinkMarkets?

Tradable assets at ThinkMarkets include forex, CFDs on metals, indices, equities, cryptocurrencies, commodities and futures, and for UK residents – spread betting.

What is the minimum deposit at ThinkMarkets?

With the Standard trading account, there is no minimum deposit. However, the ThinkZero account comes with a $/£500 minimum deposit requirement.

Does ThinkMarkets have a demo account?

ThinkMarkets offers a demo account with $/£25,000 in virtual cash.

Traders can try the MT4, MT5, and ThinkTrader platforms. Note, the demo account on MT4 / MT5 will expire after 90 days of inactivity.

Is ThinkMarkets a trustworthy broker?

ThinkMarkets is a highly regulated and trustworthy broker. The company holds licenses with some of the most respected regulatory bodies, including the UK’s FCA. Customer reviews also show the broker can be trusted.

Who is the ThinkMarkets owner?

ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. Nauman is still the CEO today.

ThinkMarkets is a multi-regulated forex and CFD broker
71.89% of retail investor accounts lose money when trading CFDs with this provider.

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