ThinkMarkets
Think Markets (2010)

ThinkMarkets review :
Company Information

ThinkMarkets (formerly ThinkForex) was established in 2010. Today, ThinkMarkets is regulated in Australia (TF Global Markets Pty), the UK (TF Global Markets Limited), and Bermuda (Think Capital Limited).

Known for its efforts in the cryptocurrency space (see “Other Notes”), ThinkMarkets offers forex and CFDs traders access to 38 forex pairs and nearly 200 CFDs, which includes nine cryptocurrency CFDs.

While the broker offers services and features designed for both beginner and professional traders, the company promote themselves as the ‘go-to’ choice for high volume traders, scalpers and trading algos due to their New York Equinix NY4 data centre – processing over 500,000 trades per day.

 

ThinkMarkets Review
General Information

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.

Established2010
LocationAustralia UK South Africa Bermuda
LocationASIC, FCA, FSCA
OfficesMelbourne, London, Johannesburg, Hamilton
Broker type STP | ECN
Leverage
up to 1:500
Depositfrom 5 USD
Spreadslow  low
PlatformsWeb MetaTrader 4 MetaTrader 5 Specific
InstrumentsCurrencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods
Wire TransferCredit CardsSkrillNetellerFasaPayWebMoneyPerfect MoneyBitcoin

ThinkMarkets Review
Tradable Products

 

ThinkMarkets Review
Fees & Commissions

Commissions and costs will vary counting on the sort of ThinkMarkets account you select. supported our research, ThinkMarkets is costlier than the industry average.

ThinkMarkets review :
Considerations

  • Standard account: $250 minimum deposit, commission-free, with wider spreads (in lieu of per trade commission) and may be used on MT4.
  • PRO account: Lower spreads compared to the quality account and three units per side commission (six units per RT) or the equivalent of $6 RT per standard lot (100K units); minimum account balance of $2,000 required. the professional account is often used only with the MT4 platform.
  • VIP account: as the professional account, the commission rate is negotiable on a client-by-client basis, making it an option for active traders, although it’s not available for Trade Interceptor accounts (MT4 only).
  • Bankruptcy insurance for eligible clients who deposit over $50,000 within the UK.

ThinkMarkets review :
Benefits

  • ThinkMarkets advertises its lowest spreads, but because it didn’t provide a mean or typical spread value, we couldn’t make a good comparison with other brokers.
  • We would wish to see ThinkMarkets publish its own average spread data, ideally monthly, to assist provide a clearer picture on how its forex spreads average out over the whole month, as its FX pricing otherwise appears competitive.
  • ThinkMarkets does, however, publish average spreads for specific instruments, like CFD indices. for instance, we observed a 1.3 pip average spread on the DAX in MT4, whereas, spreads on Trade Interceptor are fixed at 1 pip.
  • ThinkMarkets provides market execution as its main attraction as a workplace broker. due to this, positive/negative slippage can occur, as trades aren’t re-quoted. In the UK, ThinkMarkets features a dealer license which is restricted as a match-principal (agency-only execution), and in Australia and Bermuda, the brand follows an identical method, although it’s going to take risks as a dealer/market maker when needed (as a contingency).

ThinkMarkets Review
Account Opening

The account opening process at Tinkmarkets is user-friendly and fully digital. It was also very quick, as our account was approved within a day.

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-open-account

ThinkMarkets Review
Deposit & Withdrawals options

ThinkMarkets Review
Platforms

ThinkMarkets Review
Commissions & Spreads

ThinkMarkets Review
Bonus & Promotions

ThinkMarkets Review
Customer Support

ThinkMarkets Review
FAQ

 

Is ThinkMarkets safe?

Yes, Thinkmarkets is regulated  by the Financial Conduct Authority .FRN 629628( FCA) and Australian Financial Services  Licence number 424700 (ASCI).ThinkMarkets is considered average-risk, with an overall Trust Score of 80 out of 99. ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

 

where is  ThinkMarkets located?

Thinkmarkets is headquartered in Sydney, London

 

how to deposit ThinkMarkets?

open account whit this link.

What is the max leverage in ThinkMarkets?

The maximum leverage offered by thinkmarkets is 500:1 across all three account types.

Does thinkmarkets use MetaTrader?

Yes, Thinkmarkets does offer MetaTrader 4, MetaTrader 5, MetaTrader Web Trader and the MetaTrader mobile app.

[Total: 5   Average: 5/5]