ThinkMarkets Review 2025

ThinkMarkets review
ThinkMarkets Awards

ThinkMarkets have won numerious industry awards over the 14 years they have been operating as a financial broker. We have listed the most notable awards and mentions for ThinkMarkets below.

• Best Global Mobile Platform 2023 - Global Forex Awards
• Best Customer Service 2023 - Global Forex Awards
• Best Global CFD Broker 2022
• Best Trading Platform
• Best Customer Service
• Most Transparent Broker
• Best Mobile Trading App
• Best Forex Broker Europe
• Best Forex Broker Middle East
• Best Forex Broker Asia

ThinkMarkets review
ThinkMarkets Fees Explained

• ThinkMarkets doesn't charge withdrawal fees.
• ThinkMarkets reserves the right to impose a fee for inactive accounts.
• ThinkMarkets doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from ThinkMarkets are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

ThinkMarkets Costs To Check

Modern brokers like ThinkMarkets provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, ThinkMarkets may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall ThinkMarkets trading profitability.

How ThinkMarkets Fees Compare Against Other Brokers

ThinkMarkets Minimum Deposit

ThinkMarkets requires a minimum deposit of 50 GBP/USD/EUR when opening an ThinkMarkets trading account.

A minimum deposit is the minimum amount of money required by ThinkMarkets to open a new online brokerage account with them.

Don't be scared off by brokers like ThinkMarkets charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like ThinkMarkets, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

ThinkMarkets Withdrawal Fees

ThinkMarkets doesn't charge withdrawal fees.

ThinkMarkets Withdrawal rules may vary across different brokers when it comes to transferring funds from your ThinkMarkets or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with ThinkMarkets may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the ThinkMarkets withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from ThinkMarkets. Researching and comparing ThinkMarkets withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing ThinkMarkets funds frequently or dealing with large sums of money. Awareness of these ThinkMarkets fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your ThinkMarkets funds.

For example, ThinkMarkets allows you to withdraw your funds to SWIFT, Bank Wire Transfer, VISA, MasterCard, Debit Cards, Credit Cards.

ThinkMarkets Inactivity Fees

ThinkMarkets reserves the right to impose a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by ThinkMarkets terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all ThinkMarkets fees and services. It's recommended that you check the ThinkMarkets website before signing up. If you decide to close your ThinkMarkets account, it's important to do so with the ThinkMarkets broker customer support and obtain confirmation that no remaining ThinkMarkets fees are due.

Brokers like ThinkMarkets must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

ThinkMarkets Deposit Fees

ThinkMarkets does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

ThinkMarkets Commission Fees

ThinkMarkets does not charge commission on standard accounts. On ThinkZero accounts, $3.5 (£2.5 in the UK) commission per side (100,000) applies to FX and Metals only.

Brokerage firms like ThinkMarkets may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the ThinkMarkets trading account level held by the trader.

ThinkMarkets may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing ThinkMarkets terms and conditions to understand the commission fees and any other charges that may apply is essential.

ThinkMarkets review
Trading on ThinkMarkets web platforms and other applications

ThinkMarkets provides traders with a modern custom platform that can be accessed through a browser-based web application. If you would rather see a MT4 brokers, or MT5 brokers you can do so here.

A ThinkMarkets iOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device.

ThinkMarkets also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

ThinkTrader is ThinkMarkets' proprietary platform with more than 500,000 users and is available as a download for desktop, mobile, or tablet. Additionally, it can be accessed directly through web browsers, offering a seamless trading experience across devices.

In addition to mobile and desktop versions, the MetaTrader 4 and MetaTrader 5 platforms are also available as web trading platforms, compatible with various browsers and operating systems.

See ThinkMarkets's platforms

Is the ThinkMarkets Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the ThinkMarkets trading platform to protect you on PC and mobile ThinkMarkets platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using ThinkMarkets web trading platforms.

ThinkMarkets Trading Platform Options

ThinkMarkets does not offer the MetaTrader 4 (MT4), MetaTrader 5 (MT5) or cTrader trading platforms.

ThinkMarkets offers its custom trading platform developed and tested in-house. The ThinkMarkets trading platform allows traders to track their portfolios and the current markets, locate trade ideas and place trades.

The ThinkMarkets platform allows traders to filter the financial marketplace for trade opportunities that match criteria.

With ThinkMarkets, you can examine opportunities with actionable research and stock evaluations. Get streaming real-time information on the ThinkMarkets platform, including news and quotes. Discover possible trades with the strong charting tools found with ThinkMarkets. ThinkMarkets is available as downloadable applications or online through the cloud. Monitor your orders with ThinkMarkets and receive breaking news in your positions.

ThinkMarkets review
ThinkMarkets ThinkTrader

ThinkTrader is ThinkMarkets' next-generation, mobile-first, multi-asset trading platform. ThinkTrader offers a powerful suite of technical analysis tools, featuring over 100 technical indicators and 50 drawing tools, enabling traders to analyze market trends from anywhere.

ThinkTrader provides in-built, real-time market news powered by FX Wire Pro, allowing traders to stay informed about volatile global financial markets.

With an intuitive, user-friendly interface, ThinkTrader enables traders to manage multiple financial assets seamlessly. The platform supports monitoring up to four charts simultaneously, ensuring comprehensive market oversight.

ThinkTrader features an advanced cloud-based alert system, allowing traders to configure up to 200 alerts to stay updated on critical trading events and price thresholds 24/7.

ThinkTrader TrendRisk Scanner

The TrendRisk Scanner is an innovative feature within ThinkTrader that scans financial markets to identify potential trading opportunities based on a risk-reward ratio, price, and timeframe. The scanner provides recommended target and stop-loss levels to help traders manage risks effectively, with options to configure automated take-profit and stop-loss orders.

ThinkMarkets Trading benefits

• ThinkMarkets Allows scalping
• ThinkMarkets Allows hedging
• ThinkMarkets Low min deposit
• ThinkMarkets Guaranteed stop loss
• ThinkMarkets Offers Negative Balance Protection

ThinkMarkets Trading Accounts Offered

Below we give an overview of the account types that ThinkMarkets offer. Whatever you are looking to trade, the varying ThinkMarkets account types will be able to provide you with what you need.

• ThinkMarkets Demo account
• ThinkMarkets ThinkZero account
• ThinkMarkets Joint account
• ThinkMarkets Standard account
• ThinkMarkets Islamic account

Can I try ThinkMarkets?

ThinkMarkets provides a demo account that enables individuals to explore trading before investing their funds. By creating a ThinkMarkets practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the ThinkMarkets demo account can help individuals to make informed decisions before investing their money.

Open a demo ThinkMarkets account to practice and trade.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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 withdrawal and funding methods

It's essential to remember that the payment methods provided by ThinkMarkets vary based on the ThinkMarkets entity and the ThinkMarkets client's country of residence. To view the ThinkMarkets payment options available, you can log into your ThinkMarkets member's area.

ThinkMarkets offers various funding payment methods listed in your ThinkMarkets dashboard if available in your region. To learn more about the ThinkMarkets funding and withdrawal options available in your area, you can explore the ThinkMarkets website.

ThinkMarkets provides several payment methods for funding your ThinkMarkets account. You may utilize any of these deposit options if they are available in your region. ThinkMarkets ensures that users have multiple payment methods to choose from, making it more convenient for verified ThinkMarkets account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the ThinkMarkets user's location. learn more about ThinkMarkets funding and withdrawal methods.

ThinkMarkets Payment Methods

Some ThinkMarkets payment methods are local and are available only to specific regions. ThinkMarkets account holders should check which payment methods are provided in your region.

• ThinkMarkets accepts SWIFT
• ThinkMarkets accepts Bank Wire Transfer
• ThinkMarkets accepts VISA
• ThinkMarkets accepts MasterCard
• ThinkMarkets accepts Debit Cards
• ThinkMarkets accepts Credit Cards

How can I start trading with ThinkMarkets?

To open a trading account with ThinkMarkets, individuals can sign up on the ThinkMarkets website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for ThinkMarkets account validation and making a deposit. Once completed, ThinkMarkets users can download the trading platform of their choice.

It's important to note that ThinkMarkets requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps ThinkMarkets maintain a trustworthy financial environment for its 450,000 users. Detailed information on the ThinkMarkets trading platforms is available on their website.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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

Performing trades with ThinkMarkets

When using ThinkMarkets, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded.

ThinkMarkets, as a market maker, may have more lenient entry requirements than ECN brokers, who typically benefit from higher trading volumes and may have larger capital and minimum trade requirements. Market makers usually offer a lower minimum deposit and smaller minimum trade requirements and do not charge commissions on trades. Market makers like ThinkMarkets can be useful for traders starting or with limited capital.

One of the ThinkMarkets platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide ThinkMarkets traders with greater confidence and peace of mind when trading on the ThinkMarkets platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of ThinkMarkets trades.

Like other brokers, ThinkMarkets margin requirements can differ depending on the traded instrument.

ThinkMarkets offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses, Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about ThinkMarkets, and see all of the ThinkMarkets account features on the official ThinkMarkets website.

CFD Trading on ThinkMarkets

We will show you an example of the basics of using ThinkMarkets leverage.

CFD trading on ThinkMarkets allows traders to speculate on the price movements of various financial instruments against the broker ThinkMarkets, without actually owning real assets. With CFDs, ThinkMarkets traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

ThinkMarkets provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, ThinkMarkets leverage profits and losses are magnified when trading. For instance, using CFDs, you use the ThinkMarkets trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, ThinkMarkets leverage magnifies both profits and losses in trading.

Trading CFD trades on the ThinkMarkets platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced ThinkMarkets traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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

Limiting Your Risk When Trading with ThinkMarkets Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like ThinkMarkets. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a ThinkMarkets trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, ThinkMarkets trading losses are always limited to the current balance of funds in the trader's account.

Even if an ThinkMarkets trader experiences a significant loss, they will never owe more money than what is available in their ThinkMarkets account balance.

It's important for ThinkMarkets traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that ThinkMarkets losses are limited to the funds available in your ThinkMarkets account when negative balance protection is in place.

Negative Balance Protection is not offered to all clients. It depends on the ThinkMarkets entity and the client's country of residence.

Limit Risk When Trading with ThinkMarkets Stop Loss, ThinkMarkets Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as ThinkMarkets . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for ThinkMarkets traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an ThinkMarkets trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide ThinkMarkets traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with ThinkMarkets, you must actively monitor your live trading portfolio and financial exposure on ThinkMarkets.

Education Resources at ThinkMarkets

ThinkMarkets offer educational resources which include Trading Academy, Videos. Please bear in mind that these resources provided by ThinkMarkets do not guarantee any results when trading. When we checked on the ThinkMarkets website, these educational resources were not available in every language. Also some financial instruments mentioned in any ThinkMarkets educational resources may not be available in your region.

To trade effectively with ThinkMarkets, it's important to have a good understanding of the ThinkMarkets trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with ThinkMarkets and externally.

ThinkMarkets . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with ThinkMarkets. Familiarizing yourself with the ThinkMarkets trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using ThinkMarkets. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with ThinkMarkets involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like ThinkMarkets, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with ThinkMarkets. Explore the ThinkMarkets platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with ThinkMarkets, before live trading.

Customer Support at ThinkMarkets

As part of our ThinkMarkets review, we review customer service options, response times and problem resolution effectiveness on the ThinkMarkets trading platform. The ThinkMarkets trading platform supports multiple languages, which includes English, Spanish, Portuguese, Italian, French, Vietnamese, Thai, Chinese, Japanese, Arabic, Bulgarian, German.

ThinkMarkets Available Support Types

ThinkMarkets have a double AA grade support rating because ThinkMarkets offer live chat and email support in multiple languages.

Livechat Support at ThinkMarkets

Our experience with the ThinkMarkets live chat was positive. We received a response within 30 seconds of sending a message through their app and website. Overall, great live chat support from ThinkMarkets.

We tested communicating with ThinkMarkets customer support in multiple languages and countries. ThinkMarkets made an effort to resolve the issues we had.

Email Support at ThinkMarkets

Our experience with ThinkMarkets email support was positive. We sent 25 emails at different times and received responses within an average of 2 hours. The fastest response was less than 15 minutes, while the slowest was 7 hours. Although response times may vary, we found their team to be helpful and knowledgeable in resolving our queries.

Phone Support at ThinkMarkets

Our experience with ThinkMarkets phone support was positive. The team answered the call in under 5 minutes and successfully resolved our queries over the phone. We appreciated their efforts in catering to multilingual support. Overall, a great phone support experience with ThinkMarkets.

See how ThinkMarkets Support Compares Against Other Brokers

What you will need to open an account with ThinkMarkets

As ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA).

As a new client of ThinkMarkets, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with ThinkMarkets in your region. During the ThinkMarkets account opening process, you will be asked to provide ThinkMarkets with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with ThinkMarkets have the following documents available.

• ThinkMarkets require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for ThinkMarkets compliance. This must be dated within the last six months.
• If you plan to fund your ThinkMarkets account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the ThinkMarkets platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under ThinkMarkets Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring ThinkMarkets's platform.

However, remember that you won't be able to make trades on ThinkMarkets until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the ThinkMarkets KYC compliance process as soon as possible to avoid any delays in accessing the ThinkMarkets platform's features.

It is important to note that ThinkMarkets may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the ThinkMarkets platform and features immediately. However, you must pass the verification process to start live trading with ThinkMarkets, which can take up to a few business days.

To start the process of opening an account with ThinkMarkets you can visit the ThinkMarkets trading platform here.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 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
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from https://www.thinkmarkets.com on November 20, 2024.

Watch this ThinkMarkets Explainer Video

ThinkMarkets review written by Andrew Blumer and Mark Hansen