ThinkMarkets Review 2020

ThinkMarkets Rated 4/5

ThinkMarkets Guide

ThinkMarkets are an online broker founded in 2010 offering Forex trading, and CFDs trading.

ThinkMarkets are a global broker and have a head office in Australia.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of ThinkMarkets we break down the pros and cons. What ThinkMarkets are able to offer, what countries ThinkMarkets are available in. Who ThinkMarkets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with ThinkMarkets

  • Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
  • Headquarters Country : Australia
  • Foundation year 2010
  • Min Deposit : 250
  • Used by over 10,000 traders
  • ThinkMarkets is not available in the following countries : US, CAN, JP, FR, BEL
Open ThinkMarkets's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to ThinkMarkets

With this review we hope to help you see if ThinkMarkets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding ThinkMarkets that will help you get off to a good start in the world of online trading.

ThinkMarkets Review Table of Contents

ThinkMarkets what you should know

ThinkMarkets offer two ways to trade: Forex, CFDs.

With ThinkMarkets you will need a minimum deposit of $250. You can sign up for a demo account to acquaint yourself with ThinkMarkets platform.

ThinkMarkets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are ThinkMarkets safe?

When choosing a broker like ThinkMarkets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2010, and in operation for 10 years ThinkMarkets have a head office in Australia.

ThinkMarkets is regulated. This means ThinkMarkets are supervised by and is checked for conduct by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ThinkMarkets, this will be honored. If ThinkMarkets violate any regulatory rules their regulated status could be stripped.

Any payments funded to ThinkMarkets accounts by traders are held in a segregated bank account.

For added security ThinkMarkets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with ThinkMarkets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit ThinkMarkets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker ThinkMarkets eToro XTB IC Markets
Year Established 2010 2006 2002 2007
Head Office Australia Cyprus, UK Poland Australia
Regulation Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 12,000,000+ 250,000+ 60,000+
Negative balance protection No No Yes Yes
Guaranteed Stop Loss No No Yes No
Learn More Visit ThinkMarkets Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

ThinkMarkets Pros and Cons

What we like about ThinkMarkets

  • Used by over 10,000 traders
  • Established in 2010
  • Regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)
  • Min. deposit from $250

What we don't like about ThinkMarkets

ThinkMarkets Financial Regulation and Supervision in more detail

We have checked and ThinkMarkets is regulated and supervised by reputable organisations. You are able to check every ThinkMarkets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with ThinkMarkets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect ThinkMarkets traders and provide a safe trading environment.

ThinkMarkets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as ThinkMarkets you should be sure they're legitimate online agent.

ThinkMarkets Awards

ThinkMarkets have won numerious industry awards over the 10 years they have been operating as a financial broker. We list the most notible awards and mentions for ThinkMarkets below.

  • COLWMA Best Blockchain-based Innovation Award 2018 Winner
  • UK Forex Awards Best Forex Trading Experience 2017 Winner
  • UK Forex Awards Best Forex Trading Innovation 2017 Winner
  • World Finance Awards Best Broker Australia 2013 Winner

ThinkMarkets General Fees

  • ThinkMarkets doesn't charge withdrawal fees
  • ThinkMarkets doesn't charge inactivity fees
  • ThinkMarkets does charge deposit fees
Broker ThinkMarkets eToro XTB IC Markets
Min Deposit 250 200 0 200
Withdrawl Fees No Yes varies No
Inactivity Fees No Yes No No
Deposit Fees skrill 2%, neteller 2% No No Varies
CFD Commission Fees No No Yes Yes

ThinkMarkets Commissions

  • ThinkMarkets doesn't charge commission on CFD instruments.

What can you trade with ThinkMarkets?

You can trade a wide variety of instruments with ThinkMarkets over 100 instruments infact.

If you are looking at trading currency pairs ThinkMarkets offer over 40 currency pairs.

Compare ThinkMarkets with eToro and XTB below.

Losses can exceed deposits

Broker ThinkMarkets eToro XTB IC Markets
Instruments Available 100 100 1,500 232
Platforms MT4, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac
FX / Currencies Visit ThinkMarkets Visit eToro Visit XTB Visit IC Markets
Forex pairs offered 40 50 50 65
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes Yes
Exotic forex pairs Yes Yes Yes Yes
Cryptocurrencies Yes Yes Yes Yes
Commodity CFDs Visit ThinkMarkets Visit eToro Visit XTB Visit IC Markets
Commodities Offered 0 0 21 19
Metals Yes Yes Yes Yes
Energies Yes Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs Visit ThinkMarkets Visit eToro Visit XTB Visit IC Markets
Stocks Offered 0 957 1696 100
UK Shares No Yes Yes No
US Shares No Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes

Trading on ThinkMarkets web platforms and other applications

ThinkMarkets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

An 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, making it easier to keep an eye on and execute your trades while you’re on the move.

See ThinkMarkets's platforms

ThinkMarkets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

ThinkMarkets Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • ECN account
  • STP account
  • Islamic account

Can I try ThinkMarkets before I buy?

ThinkMarkets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

ThinkMarkets withdrawl and funding methods.

ThinkMarkets offer the below funding payment methods. learn more about ThinkMarkets

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay
Broker ThinkMarkets eToro XTB IC Markets
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller Yes Yes Yes Yes

How can I start trading with ThinkMarkets?

When opening a trading account with ThinkMarkets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ThinkMarkets trading platforms here.

Performing trades with ThinkMarkets

ThinkMarkets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As ThinkMarkets offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, ThinkMarkets are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

ThinkMarkets Leverage and ThinkMarkets CFDs Explained

let's take a look at some of the basics of using ThinkMarkets leverage.

ThinkMarkets offer CFD are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

ThinkMarkets leverage magnifies both profits and losses when trading.

Let's say for example you buy ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the ThinkMarkets trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The ThinkMarkets leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

ThinkMarkets CFDs are typically used for short to medium term trades. For example ThinkMarkets intraday trading.

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

A stop-loss order is an order placed with a broker like ThinkMarkets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at ThinkMarkets

To trade effectively with ThinkMarkets, it's important to get a have a good understanding of the ThinkMarkets trading tools and the markets.

ThinkMarkets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with ThinkMarkets.

Take time to look around the ThinkMarkets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at ThinkMarkets

ThinkMarkets support a wide range of languages including English, Chinese, and Japanese

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

Livechat Support at ThinkMarkets

We tested the ThinkMarkets live chat and it works well. We sent messages to ThinkMarkets livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with ThinkMarkets support in multiple languages in multiple countries. ThinkMarkets where able to quickly resolve our customer issues.

Email Support at ThinkMarkets

We sent several emails to ThinkMarkets and answer times overall were excellent. The fastest response from ThinkMarkets was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with ThinkMarkets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from ThinkMarkets.

Phone Support at ThinkMarkets

We called ThinkMarkets and the call was answered very quickly. The call was answered in less than 5 minutes.

The ThinkMarkets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual ThinkMarkets team by calling in varying languages. ThinkMarkets made an effort to make sure our queries were answered.

Overall great phone support from ThinkMarkets.

See how ThinkMarkets Support Compares Against Other Brokers

Broker ThinkMarkets eToro XTB IC Markets
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Chinese, and Japanese English, German, Spanish, French, and Italian English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More Visit ThinkMarkets Visit eToro Visit XTB Visit IC Markets
Risk Warning Losses can exceed deposits 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Your capital is at risk Losses can exceed deposits

What you will need to open an account with ThinkMarkets

As ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ThinkMarkets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ThinkMarkets you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from https://www.thinkmarkets.com on 12th August 2018.

Watch this ThinkMarkets Informational Video

Is ThinkMarkets A Good Broker?

We spent over 3 months examining ThinkMarkets in depth. Although ThinkMarkets are not perfect we found many really useful aspects with the overall offering from ThinkMarkets. Our personal experience of trading with ThinkMarkets was very good. Weighing up many points ThinkMarkets is a good broker.

  • ThinkMarkets have a good track record of offering Forex, CFDs.
  • ThinkMarkets has a history of over 10 years.
  • ThinkMarkets has a reasonable sized customer support of at least 10.
  • ThinkMarkets are regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). This means ThinkMarkets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • ThinkMarkets have regulation from a Tier 1 reputable country.
  • ThinkMarkets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • ThinkMarkets have an international presence in multiple countries. This includes local ThinkMarkets seminars and training.
  • ThinkMarkets are able to hire people from various locations in the world who can better communicate in your local language.

ThinkMarkets Risk Disclaimer

Losses can exceed deposits

ThinkMarkets not quite right?

Check out these ThinkMarkets Alternatives

We have spent years researching the best alternatives to ThinkMarkets. Click the links below to learn more.

If you feel some of the above ThinkMarkets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of ThinkMarkets alternatives below.

Related ThinkMarkets Comparisons

If you would like to see how ThinkMarkets stands up against other brokers you can read some of our ThinkMarkets comparisons below. We compare side by side some of our top rated ThinkMarkets versus comparisons. Read some indepth ThinkMarkets VS pages below.

THINKMARKETS Frequently Asked Questions

Can I try ThinkMarkets before I buy?

ThinkMarkets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do ThinkMarkets accept?

ThinkMarkets offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

Is ThinkMarkets safe?

ThinkMarkets are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Any payments funded to ThinkMarkets accounts by traders are held in a segregated bank account. For added security ThinkMarkets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Is ThinkMarkets trading good?

ThinkMarkets is considered good and reputable to trade with. ThinkMarketsThinkMarkets is used by over ThinkMarkets active traders. ThinkMarkets offers Forex trading, and CFDs trading. Minimum deposit with ThinkMarkets is mindeposit.

Is ThinkMarkets trading Legit?

ThinkMarkets was founded in Australia in 2010. ThinkMarkets has been facilitating trade on the financial markets for over 10 years. ThinkMarkets offers clients Forex trading, and CFDs trading. All funds deposited to ThinkMarkets are held in segregated tier 1 bank accounts for security. ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) so can be considered legit.

Is ThinkMarkets a good broker?

ThinkMarkets is overseen by the top tier financial regulators Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) so can be considered a good broker.ThinkMarkets allows Forex trading, and CFDs trading.

Is ThinkMarkets trustworthy broker?

ThinkMarkets can be considered trustworthy. All money funded to ThinkMarkets is placed into a segregated tier 1 bank account. this means your money in not held by ThinkMarkets directly but a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

What is the minimum deposit for ThinkMarkets?

The minimum deposit to trade with ThinkMarkets is 250.

How long do ThinkMarkets withdrawals take?

Withdrawing money from ThinkMarkets processing time varies but averages 2-5 days.

Is ThinkMarkets regulated?

ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

Is ThinkMarkets a market maker?

ThinkMarkets is a market maker. Stocks, currency and other commodities and instruments will be purchased by ThinkMarkets even if no buyer is lined up.

How can I start trading with ThinkMarkets?

When opening a trading account with ThinkMarkets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on ThinkMarkets trading platforms here.

Is my money safe with ThinkMarkets?

ThinkMarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). One of the most important criteria for traders when choosing a broker like ThinkMarkets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to ThinkMarkets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is ThinkMarkets a con?

ThinkMarkets is regulated and well established having been in business for over 10 years. ThinkMarkets is definitely not a con.

Can you make money with ThinkMarkets?

Although traders have had great success with ThinkMarkets. Trading on the financial markets with ThinkMarkets is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does ThinkMarkets have fees?

ThinkMarkets doesn't charge withdrawal fees. ThinkMarkets doesn't charge inactivity fees. ThinkMarkets does charge deposit fees.

When was ThinkMarkets founded?

ThinkMarkets was founded in 2010.

How many people use ThinkMarkets?

ThinkMarkets is used by over 10000 registered traders.

What is ThinkMarkets Headquarters country?

ThinkMarkets has its head quarters office in Australia.

Does ThinkMarkets offer negative balance protection?

ThinkMarkets does not offer negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does ThinkMarkets offer guaranteed stop loss?

ThinkMarkets does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does ThinkMarkets allow scalping?

ThinkMarkets offers scalping.

Does ThinkMarkets allow hedging?

ThinkMarkets offers hedging.

Does ThinkMarkets offer CFD trading?

ThinkMarkets offers CFD trading.

Does ThinkMarkets offer STP?

ThinkMarkets offers STP trading.

How many people use ThinkMarkets?

ThinkMarkets is used by over 10000 traders.

Is ThinkMarkets an ECN broker?

ThinkMarkets offers ECN trading.

Does ThinkMarkets offer a demo account?

ThinkMarkets offers a demo account.

Does ThinkMarkets offer an Islamic account?

ThinkMarkets offers a Islamic accounts.

What are the funding methods for ThinkMarkets?

ThinkMarkets accept the following funding methods : Credit cards, Payoneer, Neteller, UnionPay, Bank Transfer.

ThinkMarkets review written by Andrew Blumer and Mark Hansen

We hope you found our review of the ThinkMarkets brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

ThinkMarkets review written by Mark Hansen of Comparebrokers.co