- What is ThinkMarkets?
- ThinkMarkets Pros and Cons
- Regulation and Security Measures
- Account Types and Benefits
- Cost Structure and Fees
- Trading Platforms and Tools
- Trading Instruments
- Deposit and Withdrawal Options
- Customer Support and Responsiveness
- Research and Education
- Portfolio and Investment Opportunities
- Account Opening
- Additional Tools And Features
- ThinkMarkets Compared to Other Brokers
- Full Review of Broker ThinkMarkets
Overall Rating 4.7
Regulation and Security | 4.8 / 5 |
Account Types and Benefits | 4.6 / 5 |
Cost Structure and Fees | 4.7 / 5 |
Trading Platforms and Tools | 4.7 / 5 |
Trading Instruments | 4.6 / 5 |
Deposit and Withdrawal Options | 4.7 / 5 |
Customer Support and Responsiveness | 4.7 / 5 |
Research and Education | 4.7 / 5 |
Portfolio and Investment Opportunities | 4.3 / 5 |
Account opening | 4.7 / 5 |
Additional Tools and Features | 4.7 / 5 |
What is ThinkMarkets?
ThinkMarkets is a popular multi-regulated broker that provides access to trade Forex and CFD instruments, good trading solutions, and a technology infrastructure.
- Since its launch in 2010, the company has rapidly grown and taken the brand name ThinkMarkets while also improving client security under FCA and ASIC regulations.
- The broker has secured multiple licenses from esteemed global regulators. Notably, ThinkMarkets also obtained a license from FMA New Zealand, further solidifying its position as a trusted and reputable financial service provider.
- Additionalcoverage inlcudes also European license, South Africa and International entity
Further on, ThinkMarkets relocated its global headquarters to London and Melbourne. Since then, ThinkMarkets has been awarded as “Fastest Growing Forex Broker” as the firm held hubs in the Asia-Pacific, Middle East, North Africa, Europe, and South America while delivering unparalleled trading performance.
ThinkMarkets Pros and Cons
ThinkMarkets is a regulated broker with top-tier safety licenses from FCA and ASIC, among others therefore Broker is considered highly secured while providing global services. There is a good range of trading platforms and a wide instrument selection including Forex, Cryptocurrencies, and more. ThinkMarkets provides good PAMM trading conditions, as well as social trading and education with good costs and low fees.
For the Cons, conditions vary in each entity and instruments are mainly CFDs.
Advantages | Disadvantages |
---|
Fully regulated broker in various jurisdictions and top tier licenses | Conditions may vary according to regulation and entity |
Globally recognized and multiple awarded broker | |
Great technical solution and platform selection | |
Social trading PAMM options | |
Competitive costs and commissions | |
Excellent support, learning and research tools | |
ThinkMarkets Features
ThinkMarkets is a globally recognized broker with a strong market reputation, client loyalty, and multiple licenses from top-tier authorities. The broker has many awards for its dedicated services and offers advantageous trading experience, providing traders with innovative tools and features and a secure environment with optimal market conditions. Here are the main features that set ThinkMarkets apart:
ThinkMarkets Features in 10 Points
🗺️ Regulation | FCA, ASIC, FSCA, FSA, CySEC, JFSA, CIMA, FSC, DFSA, FMA |
🗺️ Account Types | Standard, ThinkTrader, ThinkZero |
🖥 Trading Platforms | MT4, MT5, ThinkTrader , TradingView |
📉 Trading Instruments | FX pairs, CFDs, Cryptocurrencies, Indices, Metals, Commodities, and Share CFDs, ETFs |
💳 Minimum deposit | $50 |
💰 Average EUR/USD Spread | 0.4 pips |
🎮 Demo Account | Available |
💰 Base currencies | USD, AUD, GBP, EUR, SGD, CHF |
📚 Trading Education | Trading Academy and Research |
☎ Customer Support | 24/7 |
Who is ThinkMarkets For?
Based on Our findings and Financial Expert Opinions ThinkMarkets is a choice for those who prioritize secure trading, fast market execution, and competitive fee structure, also suitable for traders who begin trading path. Below we list what ThinkMarkets is good for:
- Beginners
- Advanced traders
- Traders who prefer MT4 and MT5 trading platforms
- Free TradingView Charting
- Currency and CFD trading
- Low spread trading
- Competitive fees
- Variety of trading strategies
- Responsive customer support
- Good educational materials
ThinkMarkets Summary
ThinkMarkets is highly regarded for its technology, reliability, customer service, and competitive pricing. With a continuous commitment to delivering more value to clients and embracing the latest innovations, the broker clearly stands out as a popular choice among traders. Fast execution and deep liquidity for large order sizes make the broker suitable for advanced trading, as well as, the availability of a wide range of global markets enables traders to diversify their opportunities and explore the market further.
55Brokers Professional Insights
With its advanced technology, global regulatory standing and establishment also customer-centric service model, ThinkMarkets is competitive trading provider with quite quality conditions almost at every point we look at.
The beginning traders might highly consider Broker for its Trading Academy which provides a wide range of educational materials for different levels of traders, and excellent research tools with some unique additional tools designed for Brokers and might be very well accommodated for various strategies to enhance performance. These resources, combined with the advanced MT4, MT5, ThinkTrader, and TradingViewand platforms, make ThinkMarkets an appealing choice for traders looking for quality or those who run strategies either like day trading or swing trading, or even long-term investing via trading , all we find as good.
However, there are few notes we would mark as ThinkMarkets’ tradable products are mainly on a CFD basis. This means, that the broker might not be suitable for those who are looking to trade real stocks, shares, and bonds, besides fees are mainly on average level and more competitive on commission based account. Yet, considering all the offering and stability of the company it is rather reasonable.
Consider Trading with ThinkMarkets If:
ThinkMarkets is an excellent Broker for: | - Traders Seeking Reliable Regulated Broker
- Those who prioritize cost-effective commission based forex trading
- Looking for Free Trading Academy with advanced materials
- Good selection of assets
- Traders who look for advanced charting and enhanced technical tools
- Selection of various platforms and good execution
- Look for Free Additional Research
- Copy trading
- Free VPS access
- Good additional tools and features |
Avoid Trading with ThinkMarkets If:
ThinkMarkets is not the best for: | - Clients from the United States
- Those who are looking for high leverage opportunities
- Prefer cTrader as a trading platform
- Looking for lowest Spread based accounts
- Need thousands of Stocks available to trade
- Classic Investment Options |
Regulation and Security Measures
Score – 4.8/5
ThinkMarkets Regulatory Overview
ThinkMarkets is a multi-regulated broker, including top-tier regulations from the FCA and ASIC. It provides a secure and low-risk environment for trading forex and CFDs. Additionally, ThinkMarkets has expanded its coverage to the African region and obtained full regulation by the FSCA (Financial Sector Conduct Authority) in South Africa. However, clients should be aware that the regulatory standards and protections provided by ThinkMarkets may vary depending on the entity, as one of its licenses is from an offshore jurisdiction, which may offer different levels of investor protection.
How Safe is Trading with ThinkMarkets?
The regulatory status ensures that the customers are fairly treated according to international laws and norms, and their funds are safe in Banks like Barclays, National Australia Bank, and the Commonwealth Bank of Australia, as Broker mentions on its site. In addition to that there are numerous ways how Broker protects clients and establish safe trading environment, these includes:
- Traders’ funds are segregated from the company’s funds. Under the FCA entity, the standard Financial Services Compensation Scheme (FSCS) applies, and clients are covered up to £85,000 per person in the event of broker failure. Similarly, under the CySEC entity, the Investor Compensation Scheme (ICF) applies, and clients are covered up to €25,000.
Consistency and Clarity
ThinkMarkets has constantly worked on its stability, transparency, and continuous development. Over the years, we see that ThinkMarkets improve its services by enhancing its regulatory position since acquire top-tier licenses from the strictest regulatory bodies also establish global operations quite rapidly. This proves Broker commitment to create a secure and trustworthy environment for traders, also shows Broker operate with high capitalization which in result for traders means better security and trustworthiness of the company.
The broker provides added security to the client’s funds through strict segregation policies and transparent conditions for trading. Overall, ThinkMarkets provides clarity in its operations, enhancing the errors and minor inaccuracies that might negatively impact trading performance, and earning the trust of many clients, while most of the reviews we see on Web are positive, with rather minor negative experiences shared.
Account Types and Benefits
Score – 4.6/5
Which Account Types Are Available with ThinkMarkets?
ThinkMarkets offers various account types including 3 Main Options Standard, ThinkTrader, ThinkZero, and additional Joint Account to share the trading experience with a family member or a friend, also, ThinkCopy accounts allowing to engage in Copy trading and Swap-free accounts.
Traders can choose the trading account based on their preferences, also the available trading platform for each account type, with accessible minimum deposit, which is different for the three main accounts too, and the trading products. Besides, we will advise to check conditions well, since Broker runs multiple entities trading conditions are based on entity rules and applicable regulations.
Standard Account
The standard account is ThinkMarkets’ most demanded trading account with zero commission and tight spreads starting just from 0.4 pips across seven markets, including Forex, commodities, indices, crypto, stocks, ETFs, and futures. The account types are available on the MT4 and MT5 platforms, while the minimum deposit for the Standard account is $250. On the MT4 platform traders can access 350 instruments, while the MT5 platform enables access to over 1,800 instruments so is important to note the differences too. The Standard accounts enable EA trading, and also, provide Negative Balance Protection, 100% margin call, and 50% Margin Callout.
ThinkTrader Account
ThinkMarkets’ ThinkTrader account type stand out for its different conditions from the Standard accounts, as the main difference is that the trades with this account type are conducted only on the ThinkTrader and Trading View platforms, through which clients can access over 4000 instruments, so much larger range if compared to Standard account. There is no commission, and the spreads are good starting from 0.4 pips, the initial deposit is lower than for the Standard accounts, starting at $50, and the Multiplier is up to 1:500. The ThinkTrader accounts do not support EA trading or Copy Trading.
ThinkZero Account
With these account type the main difference is Fee basis, Unlike the Standard and ThinkTrade accounts, ThinkZero with raw spreads from 0.0 pips on forex and for the other instruments are provided ultra-tight spreads, and apply a $3.50 commission per side, thus those traders who favor spreads-based trading, the ThinkZero account might not meet their trading needs but choose Standard account. Traders can access ThinkZero through the MT4/MT5 platforms and gain access to 350 instruments on the MT4, and 1,800 on the MT5 platform, EA trading, and VPS. To fund the ThinkZero accounts clients need to make at least $500 initial deposits. The accounts are ideal for high-volume traders, scalpers, and those who want to use Expert Advisors (EAs) to automate their trading.
Swap-free Accounts
All ThinkMarkets account types can be converted to swap-free accounts with no additional fee. This means that the minimum deposit and other conditions depend on the account type traders have requested a swap-free account. The swap-free accounts enable traders to trade without incurring any swap fees, known as “overnight fees”, for positions kept open at the end of each trading day.
Regions Where ThinkMarkets is Restricted
Due to Regulatory restrictions, ThinkMarkets does not provide its services to the residents of the following countries:
- The United States
- Canada
- Bermuda the European Union
- Australia
- The United Kingdom
- Russia
- Japan
Cost Structure and Fees
Score – 4.7/5
ThinkMarkets Brokerage Fees
The ThinkMarkets fee structure varies depending on the chosen account type. Generally, the ThinkMarkets fees are competitive and transparent. Below is the breakdown of ThinkMarkets’ cost structure, concentrating both on the main fees and on additional ones, that can be included in the trading costs.
Spreads usually depend on the chosen account type, instrument traded, and other conditions. For the Standard and ThinkTrader accounts the spreads start just from 0.4 pips, and there are no commissions applied as costs are built into spreads. For the EU/USD currency pair the minimum spread is calculated at 1.1 pips. Commission-based account is ThinkZero, so Broker fees are with the spreads start from 0 pips and commission charge applied.
ThinkZero accounts is a ThinkMarkets account with fees based on Commission charge rather than spread, it provide raw spreads from 0 pips and fixed commissions of $3.5 per side. This is considered a competitive fee that targets those traders who like low spreads and feel comfortable with a commission-based model. For its Standard and ThinkTrader accounts, there is no commission, as all the costs are included in spreads.
- ThinkMarkets Rollover / Swap Fees
A swap fee is an interest for holding a position overnight. The swap fee overall depends on the instruments traded and on how long the position is open. These rates can easily be found on the chosen trading platform. Traders just need to select the instrument they want and gain access to the long and short swap rates in the pop-up window. For example, a short position in EUR/GBP would incur a fee based on the rate difference between EUR and GBP.
How Competitive Are ThinkMarkets Fees?
We have tested the ThinkMarkets fees and compared them to over 500 brokers and found that fees the broker apply vary depending on several conditions, such as the entity the account is registered with, the account type, the traded instrument, etc. We also see that the currency pairs fees offered by the broker are on an average level, alike the minimum spreads on the EUR/USD pair start from 1.1 pips which is close to industry average of 1.2 pips. For the XAU/USD the target spread is 19 cents, and for BTC/USD the spread is 12 USD which is also rather on average.
Besides, for two of its account types, the fees are constructed into spreads, starting from 0.4 pips. So with our view Only the ThinkZero account that apply raw spreads with commission charges is competitive while the rest is on average.
Asset/ Pair | ThinkMarkets Spread | JustMarkets Spread | XM Spread |
---|
EUR USD Spread | 1.1 pips | 1 pips | 1.6 pips |
Crude Oil WTI Spread | 0.03 | 0.6 pips | 3 cents |
Gold Spread | 19 cents | 1.8 pips | 0.27 pips |
BTC USD Spread | 12 USD | 273 | 95 |
ThinkMarkets Additional Fees
ThinkMarkets charges some additional fees that clients should be aware of. Such as ThinkMarkets charges an inactivity fee in case there was no trading activity in the account for at least 90 calendar days.
Also, the broker applies swap fees on a daily basis, which is typicall charge of Brokers has. Traders can find the applicable and exact spreads directly on their chosen trading platform. At last, the broker does not charge fees for deposits and withdrawals; however, for traders’ information, some providers might charge fees, which should be taken into consideration, too.
Score – 4.7/5
In terms of trading platforms, ThinkMarkets offers a wide range of trading platforms overall MT4, MT5, ThinkTrader and Trading View are available.
Important to note, the access to the platforms depends on the chosen account types, also instrument selection is different on each of offered platforms. For instance, those traders who prefer conducting their trades on the market-popular MT4/MT5 should select either Standard or ThinkZero accounts, of course, making the choice on the overall conditions each account type provides. The traders that favor the TradingView platform, or prefer trading on the broker’s proprietary platform ThinkTrader, can access the platforms through the ThinkTrader account provided with spread based fees.
Platforms | ThinkMarkets Platforms | Capital Index Platforms | Tickmill Platforms |
---|
MT4 | Yes | Yes | Yes |
MT5 | Yes | No | Yes |
cTrader | No | No | No |
Own Platform | Yes | No | No |
Mobile Apps | Yes | Yes | Yes |
ThinkMarkets Web Platform
With ThinkMarkets traders can access the world’s markets directly from the website through the web terminal, gaining access to the broker’s intuitive platform and user-friendly interface. All the platforms provide traders with multiple charting tools, about 100 technical indicators, various chart types, real-time trading signals, and cloud-based alerts, just by using the web browser and logging in. The web platform provides simplicity, clarity, and transparency in trading, equipping traders with some of the best and innovative tools and features, especially for its proprietary platform, the accessibility and range of tools are impressive.
Main Insights from Testing
ThinkMarkets’ web-based platform offers a solid offering catering to both beginner and advanced traders. Its MT5 account supports automated trading with Expert Advisors (EAs), which allows for efficient algorithmic trading. The platform also provides good charting tools, a variety of drawing tools, and custom indicators for enhanced market analysis. ThinkMarkets’ platform, ThinkTrader, adds over 100 indicators and advanced functionalities such as customizable alerts and one-click order execution.
All in all, the broker’s web-based trading gives access to a range of trading strategies, features, and tools that support a profitable and seamless trading experience all accessible right from the browser and does not require any instalations.
ThinkMarkets Desktop MetaTrader 4 Platform
ThinkMarkets offers the MetaTrader 4 platform, which is a powerful, customizable trading platform suitable for trading on multiple markets, for traders of all levels and experience. The platform supports EAs and offers 3 fully customizable charts, 4 pending order types, 30 technical indicators, and over 31 drawing tools. Besides, no manual trade intervention is needed, with ultra-fast execution, and over 350 instruments available. The MetaTrader 4 is available through MacOS, Linux, and Windows, which gives greater accessibility to traders. The MT4 platform is available through Standard and ThinkZero accounts.
ThinkMarkets Desktop MetaTrader 5 Platform
ThinkMarkets’ MT5 platform enables access to over 1800 tradable instruments. The platform uses the MQL5 programming language, using easy-to-code trading signals to automate the trading. With MetaTrader 5, traders can use Expert Advisors, customizable charts, dozens of technical indicators, a multi-thread Strategy Tester, etc.
On the platform, traders can automate their trading by creating or downloading an Expert Advisor program. There are 3 customizable charts available, a wide selection of 38 different indicators, 21 different timeframes, from 1 minute to 1 month, and 6 pending order types available. Besides, the platform enables traders to test and optimize the effectiveness of Expert Advisors before using them.
ThinkTrader Platform
ThinkTrader is an award-winning platform that enables access to a wide range of markets directly from the web browser or on the go. ThinkTrader has an intuitive and user-friendly interface, which makes analyzing and navigating the market easy and uncomplicated. The ThinkTrader platform offers over 4,000 instruments, including forex, stocks, indices, commodities, ETFs, and cryptocurrencies. It provides extensive charting tools, the ability to monitor up to 8 charts simultaneously, and up to 6 types of pending orders, including stop loss, take profit, and limit orders. The platform also allows traders to set up to 200 cloud-based alerts and receive real-time trading signals straight to their phones as push notifications.
In addition, traders can also access TradingView’s charting tools within the ThinkTrader platform. With 100+ technical indicators, 50 drawing tools, and 10+ chart types, these are powerful tools that support traders in making informed trading decisions.
ThinkMarkets MobileTrader App
ThinkTrader enables access to the world’s markets on the go with the broker’s mobile app which is suitable both for iOS and Android. With the ThinkTrader app, users can access all the range of financial traded instruments available at broker proposal and gain access to good charting tools, including 100+ technical indicators, and various drawing tools to support in-depth market analysis while all on phone.
Main Insights from Testing
We found the ThinkTrader app easy to navigate and very beginner-friendly. Its intuitive layout makes it accessible to different traders with various levels of experience. The app is equipped with many innovative features, such as one-click trading that eases order placement, which is essential in fast-moving markets. Besides, traders are able to close multiple positions at the same time, which especially comes in handy for active traders.
All in all, we found the brokers’s mobile app a great opportunity to trade on the go and always stay up to date about market changes.
Trading Instruments
Score – 4.6/5
What Can You Trade on the ThinkMarkets Platform?
Our research shows that Think Markets offers over 4000 instruments, however the range of instruments depending on the account type, also the selected platform. The wide range of instruments provided by the broker enables traders to diversify their trading so is good selection for various trading demand.
As a note, that the widest range of instruments is available on the broker’s proprietary platform. For MT4 and MT5 platforms and the account types based on these platforms, the instrument range is comparatively limited.
Below are listed the main trading products available at ThinkMarkets:
- Over 40 major, minor, and exotic FX pairs
- Cryptocurrencies
- Indices
- Metals
- Commodities
- Stocks
- Futures
- ETFs
Main Insights from Exploring ThinkMarkets Tradable Assets
ThinkMarkets’ tradable assets open a range of opportunities suitable both for beginner traders and experienced professionals, since the Product selection is quite good and very diverse. The wide selection of assets, access to over 40 currency pairs, availability of cryptocurrencies like Bitcoin, Ethereum, Ripple, and Dash, and, a wide selection of global Indices give traders an unparalleled opportunity to explore the market further and develop their skills and portfolio.
However, as we notice the availability of instruments depends largely on the account type and the platform you trade through. For instance, the ThinkTrader account is equipped with the widest range of instruments, about 4000+, across all asset groups but the range is available only via ThinkTrader or TradingView Platforms. Standard accounts also enable good range of instruments, while the ThinkZero account is mainly focused on Forex pairs, Metals, Indices, and Energies. So is good to verify conditions well, in addition that various entities provide different range due to restrictions.
Leverage Options at ThinkMarkets
Leverage is indeed an important tool, especially for retail traders of smaller size and is available at TfhinnkMarkets offering. However, the offered multiplier levels of the broker may vary according to the ThinkMarkets entity you are trading with.
- The smaller level of 1:30 for major Forex pairs is available under FCA regulation
- Australian traders may use 1:30 leverage for Forex instruments.
- For South African traders’ the maximum leverage is 1:500.
- ThinkMarkets also has a unique offering of Dynamic leverage that can be as high as 1:2000
Deposit and Withdrawal Options
Score – 4.7/5
Deposit Options at ThinkMarkets
ThinkMarkets has designed client account management through ThinkPortal, allowing clients to deposit or withdraw funds, update personal information, set up additional accounts, receive updates, and view recent transactions. ThinkMarkets accepts various funding options, from credit/debit cards and bank wire to cryptocurrencies and local payment methods.
See listed all the Deposit methods the broker provides (note that some of them might be unavailable to you based on the entity you are trading with):
- Debit/Credit cards
- Bank wire
- Skrill
- Neteller
- Perfect Money
- Apple Pay
- Google Pay
- Crypto
- UPI
- MPesa
Minimum Deposit
For the ThinkTrader accounts there is a 50 USD minimum deposit requirement. The Standard MT4 and MT5 accounts have a 250 USD minimum deposit requirement, while the ThinkZero MT4 and MT5 accounts have a first-time deposit requirement of USD 500.
Withdrawal Options at ThinkMarkets
To request a withdrawal, traders should log in to their ThinkPortal, and submit their requests. All the ThinkMarkets withdrawals should be transferred to the originating deposit method. Traders can also withdraw crypto with the following cryptocurrencies gateways, using networks for USDT via TRC20 and ERC20.
- Withdrawals are usually processed within 24 hours. However, the broker does not guarantee same-day receipt of funds as it depends on the withdrawal method chosen. It can take between 1-7 business days for traders to receive their funds. The company is not responsible for any deposit/ withdrawal processing delays that are subject to payment systems.
Customer Support and Responsiveness
Score – 4.7/5
Testing ThinkMarkets’ Customer Support
ThinkMarkets’ multilingual client support team is available 24/7 via live chat, email, or phone. Clients are free to contact the support team any time they have an inquiry. The broker also has a Support section, where the traders can find answers to the most common questions they may have.
- Another great option to get answers to trading-related questions is ThinkMarkets’ Help Center, where traders can benefit from the common trading and account-related answers and articles.
Contacts ThinkMarkets
ThinkMarkets provides multiple channels for customer support and communication:
- Live Chat, where traders can find quick and accurate answers instantly
- Email: Clients can submit their questions to support@thinkmarkets.com
- Phone: Telephone support is available 24/7 at +44 203 514 2374 (UK) and +248 4373952 (SY)
- Social Media: The broker has active social media profiles on Facebook, LinkedIn, YouTube and Instagram
Research and Education
Score – 4.7/5
Research Tools ThinkMarkets
ThinkMarkets provides good research tools that are suitable for traders of different levels through its ThinkTrader platform. Traders have access to real-time market analysis, charting tools, and technical indicators that support trading with great market insights. As for MT4/MT5 platforms they also provide various plug-ins and automated trading opportunities which are also helpful, while TradingView is pretty known for great research tools and quality indicators avilable, including various add-on designed as customed.
- ThinkMarkets also has various extrra research resources available on its website, including MarketNews, Economic Calendar, and a section where the broker provides in-depth articles on how major political and economic events affect the market.
Education
ThinkMarkets provides traders with a Trading Academy with well-structured educational resources for traders of various experience levels.
- It offers beginner courses on fundamental topics, and advanced materials to upgrade and update knowledge.
- There are various informative guides, videos, and recorded webinars on topics such as forex, stocks, commodities, and more.
- ThinkMarket’s Glossary includes a huge collection of financial terms, abbreviations, and definitions. The glossary is divided into sections, including the Analysis glossary, Trading glossary, and Economic glossary. This order is very convenient for use and finding terms easily.
- Besides, the broker offers a unique tool called Traders’ Gym, which enables traders to practice and refine their trading strategies.
Is ThinkMarkets a Good Broker for Beginners?
ThinkMarkets is a good choice for beginner traders for a number of reasons. From its comprehensive and easy-to-use platforms to the transparent fee structure, great educational and research tools, Demo account availability, quite low minimum deposit of $50, a selection of deposit and withdrawal methods, and good support with available instant answers to a range of questions, ThinkMarkets is a broker that makes a start in trading an easy and supportive experience.
Portfolio and Investment Opportunities
Score – 4.3/5
Investment Options ThinkMarkets
ThinkMarkets enables traders to broaden their portfolios and have new trading experiences. However, it does have some limitations. Most of the ThinkMarkets’ available products are on a CFD basis. Although the broker offers Stock and EFT trading, they are based on CFDs, and traders can only speculate on them and benefit from favorable market moves.
Here are some of the Investment opportunties avalable despite abscence of classic Investment Options:
- ThinkMarkets has launched a PAMM offering, which enables the broker’s clients to allocate funds to Money Managers to trade on their behalf. Traders are free to select Money Managers and follow real-time performance data.
- Besides, ThinkMarkets also provides access to Copy trading through its CopyThink platform. It connects traders worldwide, enabling them to copy top traders. Via ThinkCopy traders just need to fund their accounts through ThinkPortal, browse signal providers, select a professional trader they want to follow, and determine the trade parameters. There are over 1,000 signal providers traders available with ThinkMarkets that traders can choose to copy from.
Account Opening
Score – 4.7/5
How to open a Demo Account?
Traders can test various trading strategies without putting their funds at risk. ThinkMarkets Demo account opening is a straightforward process that is comprised of several simple steps:
- Fill out the registration form with personal details
- Select your desired platform
- Receive the email with confirmation of the account
- Select the instrument you are interested in
- Place a trade
How to Open a ThinkMarkets Live Account?
Opening an account with ThinkMarkets is quite easy and quick if e-Verification is successful. Normally it is possible to open an account within minutes. To start registration, you should follow the opening account or sign-in page and proceed with the guided steps:
- Select and Click on the “Create Account” page
- Enter the required personal data (Name, email, phone number, etc.)
- Verify your personal data by uploading documentation such as residence proof, ID, etc. (All proof of residence must be current and not outdated by more than 180 days)
- Complete the electronic quiz confirming your trading experience
- Once your account is activated and proven, follow with the money deposit
Score – 4.7/5
Despite classic research and tools inlcuded into the platforms and general research which is provided on the broker site, we also found that ThinkMarkets has additional features and services that diversify trading and add more benefits.
In fact we clasify offering as excellent, that is why ranked additional research with high score for great add-ons available for free use:
- VPS Hosting allows traders to stay connected to their MT4/MT5 trading accounts 24/7 through a virtual machine, which enables EAs to run non-stop. ThinkMarkets cooperates with a VPS provider, ForexVPS, which facilitates direct cross-connection and ensures that the clients’ trades are executed at ultra-fast speeds. Through VPS traders benefit from ultra-low latency as low as 1 millisecond, and access their accounts from anywhere, without the need to install MT4 or MT5 platforms.
- Signal Centre is an FCA-regulated analytics tool available through ThinkTrader, and ThinkPortal. Traders get up to 50 daily trading signals across various assets including forex, indices, commodities, stocks, and cryptocurrencies. It is possible to filter trading signals by market, and experience level. To get started traders should have a ThinkMarkets account, deposit at least $500, and access the Signal Centre right from the ThinkTrader.
- ThinkCopy allows clients to use the expertise of professional traders by copying their trading. This means participants can participate in the market without experiencing the hassle of manual trading. To start Copy trading, traders should have a ThinkCopy account, which requires a minimum deposit of $100 to start copy trading. All in all, Copy trading is time-efficient and is especially beneficial for beginner traders who can save hours of market research and simply copy the trades of top traders.
- Traders’ Gym is an exclusive tool provided by ThinkMarkets to test trading strategies based on real-life historical data right on the ThinkTrader platform. Trader’s Gym can only be accessed through the Live ThinkTrader account and facilitates traders to develop their own strategies for real-time trading. It is available even on the weekends when markets like forex, stocks, and indices are closed.
- TrendRisk Scanner is a great tool to identify potential trading opportunities. It enables traders to search for a trading opportunity on specific instruments, filter the opportunities by timeframes, place a trade according to the defined parameters
ThinkMarkets Compared to Other Brokers
ThinkMarkets is a broker that has numerous advantages and favorable features and tools mostly with high scores on each aspect. When comparing to other brokers we see that ThinkMarkets often wins over others alike: ThinkMarkets is heavily regulated by several top-tier authorities, unlike RoboForex, which holds only an offshore license. Besides, the broker offers over 4000 tradable products, which is an offering above average, and compared to TriumphFX with its only 64 instruments, the difference indeed is great, yet there are Brokers with thousands of Instruments available too like BlackBull Markets. Besides, ThinkMarkets has great account offerings with a low fee structure and access to several trading platforms, which is again an advantage when compared to brokers with only MT4 platform availability. Also, ThinkMarkets provides numerous unique additional tools that no other broker has, like Trader’s Gym, that boost the trading experience.
ThinkTrader also has an extensive educational and research section, while brokers like Eightcap have more modest educational materials. On the flip side, the only point is actual fees since spreads on standard accounts are typically on average levels, while commission based fees are rather competitive.
Parameter |
ThinkMarkets |
TriumphFX |
RoboForex |
Exness |
XM |
HFM |
Eightcap |
Spread Based Account |
From 0.4 pips |
Average 0.6 pip |
Average 1.3 pip |
From 0.2 pips |
Average 1.6 pips |
Average 1 pip |
Average 1 pip |
Commission Based Account |
0.0 pips + $3.5 |
Not available |
0.0 pips + $4 |
0.0 pips + $3.5 |
Only on the Shares Account |
0.0 pips + $3 |
0.0 pips + $3.5 |
Fees Ranking |
Average |
Low |
Average |
Low |
Average |
Low/ Average |
Average |
Trading Platforms |
MT4, MT5, ThinkTrader , TradingView |
MT4 |
MT4, MT5, R StocksTrader |
MT4, MT5 |
MT4, MT5, XM WebTrader |
MT4, MT5, HFM App |
MT4, MT5, TradingView |
Asset Variety |
4000+ instruments |
64+ instruments |
12,000+ instruments |
200+ instruments |
1,000+ Instruments instruments |
500+ instruments |
800+ instruments |
Regulation |
FCA, ASIC, FSCA, FSA, CySEC, JFSA, CIMA, FSC, DFSA, FMA |
CySEC, FSC, FSA |
FSC |
FCA, FSCA, SFSA, CBCS, FSC BVI, FSC Mauritius |
ASIC, CySEC, FSC, DFSA |
CySEC, FCA, DFSA, FSCA, FSA, CMA, FSC |
ASIC, SCB, CySEC, FCA |
Customer Support |
24/7 support |
24/5 support |
24/7 support |
24/7 support |
24/7 support |
24/5 support |
24/5 support |
Educational Resources |
Excellent |
Good |
Good |
Fair |
Excellent |
Good |
Good |
Minimum Deposit |
$50 |
$100 |
$10 |
$10 |
$5 |
$0 |
$100 |
Full Review of Broker ThinkMarkets
ThinkMarkets is a well-established broker with multiple licenses from top-tier authorities, providing a secure environment and ensuring the safety of its clients’ funds. The broker has earned a loyal community of traders through its years of seamless operation, and the variety of tools and features it offers and constantly enhances.
ThinkMarkets has well-structured account types that give access to multiple markets and platforms. The instrument range is over 4000, which enables great variety in trading. The fee structure is also favorable, with spreads starting from just 0.4 pips, and for the commission-based account 0.0 pips+$3.5 per side.
In addition to the great trading conditions with the broker, it also offers unique additional tools that support and enhance the trading experience. Also, the research and educational sections are excellent, too, suitable for both beginner traders and professionals.
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Think markets is a scam/ fraud cfd broker. It recive deposits from clients and refuse and grab investor money. I have all proofs of it.
due to several errors in the system of this company, we had several losses. we tried several times to obtain compensation from the company but there was no success. the company uses its australian structure, provides forms and documents from australia, this also characterizes the intentional error because when making the contract they use a Bermuda company in which there is no legal support. attached are documents that prove these problems. This process is being filed in accordance with the ASIC instructions received by email on 07/01/21. Below we summarize the problems that occurred. We’ve been dealing and negotiating with over 100 clients, because we had many problems and system with Thinkmarkets. So at this stage we need to negotiate something that takes al of them in consideration: MT5 ACCOUNT 10486 -attachment with the explanatory file PAMM 10876592 – attachment with the explanatory file PAMM 10876116 – had $353.401 when, after confirmation that we could approve more money, got “Stopped Out” (clients had 95% losses in their personal accounts). We were told that a good wi l Credit would be added, but that didn’t help anything at a l in restoring their Balances. PAMM 10876117 – Had over $270.000 when huge problems with Spreads increasing over 500% on hedged positions caused margin cal on it. PAMM 10876436 – had $199.882 when Dax had Major Slippages and prevent our Expert Advisor to close positions and open new ones, causing a Margin Cal. PAMM 10876446 – Had $184.556 and had the same problems as 6436, trading Dax had huge slippage, increased spreads and open/close order errors. The main executive of ThinkMarkets, who was responsible for structuring the partnership with me and my nominees, Mr. Marcelo Spina, left the company in 2020 and this also contributed to the non-response of al these complaints and losses that occurred.
How long does the withdrawal take
Wow thinkmarkets is actually a safe means, they can be trusted
See my case below