ThinkMarkets Review for 2019

ThinkMarkets Rated 4/5

ThinkMarkets Introduction

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 and ASiC
  • Headquarters Country : Australia
  • Foundation year 2010
  • Min Deposit Fee : 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 9 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 and 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.

What we like about ThinkMarkets

  • Used by over 10,000 traders
  • Established in 2010
  • Regulated by Financial Conduct Authority and ASiC
  • Min. deposit from $250

What we don't like about ThinkMarkets

ThinkMarkets General Fees

  • ThinkMarkets doesn't charge withdrawal fees
  • ThinkMarkets doesn't charge inactivity fees

ThinkMarkets Commissions

  • ThinkMarkets doesn't charge commission on CFD shares.

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

FX / Currencies ThinkMarkets eToro XTB
Forex pairs offered 40 50 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Commodity CFDs ThinkMarkets eToro XTB
Commodities offered 0 0 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs ThinkMarkets eToro XTB
Stocks offered 0 957 1696
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
ThinkMarkets
Instruments
eToro
Instruments
XTB
Instruments

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 :

  • Mini account
  • Standard account
  • ECN 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

What funding methods do ThinkMarkets accept?

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

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller
  • UnionPay

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 trader, accounts and instruments.

Education resources at ThinkMarkets

To trade effectively with ThinkMarkets, it's important to get a have a good understanding of the XTB 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.

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 over three languages,

What you will need to open an account with ThinkMarkets

As ThinkMarkets is regulated by Financial Conduct Authority and 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.

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 do not offer a demo account so it looks like you will have to sign up for at least a trial period. 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

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 and 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.