Thinkmarkets Facts & Figures

Location Australia UK South Africa Bermuda
Regulation ASIC, FCA, FSCA
Offices 2 Hana, 70 St Mary Axe, London EC3A 8BE, United Kingdom
Broker type STP | ECN

Forex

Leverage up to 1:500
Spread EURUSD 0.5 pip
Spread GBPUSD 1.2 pip
Spread EURGBP 1.2 pip
Assets 28

CFD

Stocks Spread Variable (o.4 pips)
FTSE Spread 0.7 pip
Oil Spread 3 pip
Spread EURGBP 1.2 pip

ThinkMarkets review :
Company Information

ThinkMarkets  Australian broker, ThinkMarkets is headquartered in Melbourne and London and is regulated by the FCA, FSCA and ASIC. It is one of the few brokers that allows aggressive scalping, hedging and high speed automated trading.

The broker offers its clients up to $ 1 million in insurance protection, which is above the industry standard.

A solid infrastructure and customer service make it one of the best forex brokers in the business. Note that US customers are not allowed.

Disclaimer Risks incurred: You risk your capital. Statistically, only 11-25% of traders manage to make profits through Forex trading and CFDs. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

ThinkMarkets review :
Platforms & Tools

Demo Account Yes
Min. Deposit 200
Min. Trade 0.01 lots
MT4 Integration Yes
MT5 Integration Yes
Mobile Apps Yes
Auto Trading Yes
Trade Signals No
Islamic Account Yes
Cryptocurrency BTC, ETH, XRP, BCH, LTC

ThinkMarkets review :
Trading Accounts

ThinkMarkets offers standard and ThinkZero accounts with low currency spreads (as low as 0.4 pips for standard accounts and 0.0 pips on ThinkZero accounts). On average, you would expect forex spreads to be 1.2 pips on the standard account and 0.1 pips with the ThinkZero account.

Both accounts can be opened as individual, joint, corporate and swap-free (Islamic accounts without swap). The minimum lot size for ThinkZero and Standard accounts is 0.01. All accounts are accompanied by expert advisers and robots via the Metatrader 4 and 5 platform.

Scalping without a minimum duration to keep trades open is possible. You can open demo accounts for any type of account, with real-time price feeds.

Traders can trade gold and silver as well as forex stock indices, cryptocurrencies, and CFDs.

Thinkmarkets review :
Regulation Security of Funds

ThinkMarkets is authorized and regulated by the Financial Conduct Authority (FCA) in the UK and therefore must adhere to strict regulatory requirements, including providing regular financial reports and annual audits. They are also regulated by the Australian Securities and Investment Commission (ASIC).

In addition to strict regulation, ThinkMarkets is a member of the Financial Services Compensation Scheme (FSCS), which is the UK’s statutory deposit insurance and investor compensation scheme for clients of licensed financial services firms. Eligible customers may be entitled to compensation of up to £ 85,000 from FSCS if ThinkMarkets has claims against it which they cannot pay in the event of default or insolvency. If a customer’s complaint exceeds this threshold, they also enjoy investor protection and indemnification rights of up to £ 1million through an insurance policy taken out with Lloyd’s of London. .

ThinkMarkets keeps client funds in segregated accounts with leading banks such as Barclays to ensure that they are not used for other purposes, such as operating expenses. While most brokers in the industry use a one-size-fits-all approach to protecting their clients, ThinkMarkets takes that extra step to keep clients safe. This gives clients the confidence that they are using a trusted and reputable broker.

ThinkMarkets review :
Fees

  • ThinkMarkets doesn’t charge withdrawal fees
  • ThinkMarkets does not charge a fee for inactive accounts.
  • ThinkMarkets does charge deposit fees.

 

Disclaimer Risks incurred: You risk your capital. Statistically, only 11-25% of traders manage to make profits through Forex trading and CFDs. 75-89% of clients lose their investment. You must be able to afford to expose your capital to such risk

ThinkMarkets review :
How to open your account

The ThinkMarkets account opening process is easy and fully digital. The online application takes roughly 5-10 minutes and our account was approved in one business day.

The five steps of ThinkMarkets account opening:

Provide some contact information, like your email address.
Fill out your personal information, like your date of birth and address.
Choose the account type and the base currency.
Complete a survey about your trading experience.
Verify your identity and residency by uploading a copy of your passport or ID, and a bank statement or utility bill.

ThinkMarkets Review-open accunt step 1

ThinkMarkets Review-open accunt step 2

ThinkMarkets Review -open accunt step 3

ThinkMarkets review :
Deposit & Withdrawals options

Think Markets Review :
Minimum deposit

$ 0 for standard accounts, $ 500 for ThinkZero accounts.

Think Markets Review :
Deposit

Safe and secure deposits and withdrawals by credit / debit, wire transfer and Skrill, Neteller and bitpay.

The secure area of ​​the client portal is where traders can log in to manage account information. Withdrawal requests are processed within 24 hours.

Deposits via credit / debit cards are instantly credited to your trading account, while Neteller, Skrill and bitpay can take up to 10 minutes. You can expect wire transfer deposits to take 1-3 business days.

Think Markets Review :
Deposit currencies

Think Markets allows customers to open accounts and deposit funds in USD, EUR, GBP, CHF, and AUD.

Think Markets review :
Platforms

The platforms on ThinkMarkets include MT4 and MT5 and its web and mobile versions, as well as ThinkTrader, which is the company’s proprietary trading platform with great features.

You can trade over 38 popular currency pairs, with low spreads and NDD (non desk trading). Trading is lightning fast without any price manipulation.

Brokers have partnered with Equinix to access the most recent pricing data. The brokers offer a great business manager and affiliate program.

ThinkMarkets review :
Commissions & Spreads

Les tarifs de la plupart des courtiers changent relativement souvent et il n’est malheureusement pas dans nos possibilités de tenir à jour les informations sur les tarifs de ThinkMarkets, vous pouvez bien sûr trouver des informations actuelles sur leur site web https://www.thinkmarkets.com/.

ThinkMarkets review :
Leverage

The maximum leverage rates on ThinkMarkets are up to 1: 500. This leverage is considered relatively high, although many other FCA and ASIC regulated brokers offer similar or higher leverage ratios. For example, AxiTrader provides leverage up to 1: 400, and XM – up to 1: 888. You can view a list of forex brokers offering leverage equal to or greater than 1: 500 can be viewed here.

Please note that investing in highly leveraged OTC derivatives involves significant risks. Higher debt levels can multiply your gains on a small deposit, but they can also lead to losses, exceeding the initial investments.

ThinkMarkets review :
Education

ThinkMarkets offers great training for beginner, intermediate, and advanced traders through market updates, trading tools and more.

ThinkMarkets review :
trading bonus

ThinkMarkets does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.

Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.

ThinkMarkets review :
Customer Support

24/5 live support during the trading week, plus email, chat or phone support.

Multilingual customer support is available 24 hours a day, 5 days a week, via live chat, phone or email. The friendly support team can respond quickly and effectively to general and technical questions.

ThinkMarkets review :
Education

ThinkMarkets is a well-established and regulated online brokerage that places great importance on the safety of its customers. They integrate high-end trading technologies and provide advanced trading platforms to clients around the world. Account types are flexible and investors can use a variety of trading tools and educational materials

ThinkMarkets review :
Video Explainer Think Markets

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% 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 review :
FAQ

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.

What instruments can I trade at ThinkMarkets?

Tradable assets at ThinkMarkets include forex, metals, CFDs, cryptocurrency, 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 will expire after 90 days of inactivity.

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.

Where are ThinkMarkets Data Centres Located?

The LD5 centre – London Equinix's LD5 centre is located 11 miles from the centre of London and is where over 1000 exchanges, companies and liquidity provides operate. This data centre has an uptime record of 99.99% and offers some of the fastest available execution speed. The Hong Kong centre – Hong Kong This data centre is close to the financial hub of Asia. Over 455 companies are based in the Hong Kong hub.

ThinkMarkets review :
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