Established in 2010, ThinkMarkets is a leading forex and CFD trading broker that provides clients in over 180 countries with access to a wide range of tradable instruments, spread across different markets, including forex, cryptocurrency, stocks, indices, metals, energy, and other commodities.
The brokerage firm is headquartered in London and Melbourne but has coverage across the globe, including Asia-Pacific, Middle East and North Africa, Europe, and South America. ThinkMarkets provides their clients with some of the most popular and advanced trading platforms, helpful tools, and educational resources while offering quality trade execution speeds and competitive trading fees.
ThinkMarkets Review Introduction
In this ThinkMarkets review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including ThinkMarkets.
ThinkMarkets Platforms & Tools
ThinkMarkets provides clients with a good number of advanced trading platforms, including the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary ThinkTrader platform. MT4 has a user-friendly interface, with many features, like technical indicators, trading strategy templates, customizable charts, automated trading tools, and a large online community. The platform is available as a web trading terminal, desktop applications for Mac and Windows computers, and mobile trading apps for iPhone, iPad, Android, and Tablet.
ThinkTrader, the broker’s in-house developed platform, is available for desktop, mobile, and tablet. In addition to the tools in this platform, the broker provides other tools, such as an Economic Calendar, Market News, FX Wire Pro, Autochartist, Trading Central and more.
ThinkMarkets Research & Education
The broker has a selection of educational resources that can be useful to traders of all experience levels. They include trading courses, trading guides, and a glossary of trading terms and their meanings. There are 3 trading courses for beginner, intermediate, and advanced traders, covering topics like how to place a trade, technical analysis, and more. The broker regularly organises webinars and keeps an update schedule on upcoming ones in its “Learn to Trade” section.
ThinkMarkets Trading Accounts
ThinkMarkets offers 2 main account types:
- Standard Account: Basic account with no minimum balance and no commissions; spreads start from 0.4 pips; and maximum leverage is 1:500 (1:30 for EU clients)
- ThinkZero Account: A minimum balance of $500, spreads from 0.0 pips, and maximum leverage of 1;30 for EU residents and 1:500 for others
In addition to these two main account types, there is a joint account and an Islamic-friendly swap-free account. There is a demo account for those who want to test their trading strategies.
ThinkMarkets Account Funding
For account funding and withdrawals, the broker accepts a few payment methods, such as bank wire transfers and online payment processors like Neteller or Skrill. Transaction fees and payment processing time may vary with payment method and type of transaction.
ThinkMarkets Customer Service
The broker offers multi-lingual customer support 24/7, and the customer service team can be reached via phone, online chat, or email.
The broker is regulated in multiple jurisdictions, including the United Kingdom, Australia, and South Africa. The broker is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa.
ThinkMarkets Review Summary
ThinkMarkets is a regulated broker that offers trading in forex and CFDs in a wide range of assets. They provide the MetaTrader trading platforms and their proprietary ThinkTrader platform, as well as a range of trading tools and educational resources.
It is worth mentioning that some of the trading products and services in this ThinkMarkets review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the ThinkMarkets broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage 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.
*Review updated as of 20/01/2021