ThinkMarkets Review: How It Compares | 2023 Update
This ThinkMarkets review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about ThinkMarkets to give you the most comprehensive guide available.
ThinkMarkets is a reputable broker that was founded in 2010. They have around 270 employees that help the company offer Forex, CFDs and Cash Equities, to 475,000+ clients through MT4, MT5 and ThinkTrader.
ThinkMarkets Guide – Read our In-Depth ThinkMarkets Review
ThinkMarkets Rating: 8.03 / 10
This ThinkMarkets review page contains information about investing with ThinkMarkets. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. These partners do not control the content on the page beyond providing us with datapoints to ensure that (as far as possible) the information in our database is accurate. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users. Our proprietary rating algorithm takes all of the datapoints to generate the rating. This keeps things fair and removes human bias to ensure that our users can compare brokers easily and find the best ones for their needs.
Please note that due to regulations, the content in this review of ThinkMarkets does not apply to users in United States of America, Canada, Russian Federation, and Belgium.
This ThinkMarkets review contains the latest information surrounding ThinkMarkets.
If you're a new entrant in the world of online trading and brokers, so many nuances will no doubt be confusing for you. Getting into the area of online trading demands expert assessing skills and comprehensive understanding. You'll get adept at all of the concepts of online trading and brokers as you continue trading. For starters, you need to select the ideal broker who'll constantly be transparent with you.
In this fast-paced universe of financial markets and online trading, you'll need guidance to make educated decisions. A professionally lead investment online broker could assist you in minimising any potential losses and maximising any profits. ThinkMarkets is one such broker that can assist you. It's crucial that you know about any broker until you trust them with your cash.
When engaging in online trading with platforms such as ThinkMarkets, it's crucial to thoroughly evaluate ThinkMarkets as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your ThinkMarkets investments to flourish. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be prudent and rigorous in your ThinkMarkets broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of ThinkMarkets, its track record, and reputation is vital. Moreover, ensure the ThinkMarkets broker's offerings, trading tools, fees, and regulation align with your preferences.
Remember, ThinkMarkets should be a reliable companion on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with ThinkMarkets into easily understandable information in this ThinkMarkets review. Our goal is to equip you with the knowledge necessary to confidently use ThinkMarkets trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with ThinkMarkets are the cornerstone of successful trading. As such, we've provided this detailed ThinkMarkets review. So, settle in, grab a cup of coffee, and immerse yourself in learning about ThinkMarkets and how it can work to your advantage, or if ThinkMarkets might not be the right fit for you.
ThinkMarkets Guide for 2023 – Quick Summary
| ThinkMarkets Telephone: |
Australia: +61 3 9093 3400 UK: +44 203 514 2374 Italy: +39 023 057 9033 Spain: +34 911829975 |
| ThinkMarkets Support Email: | support@thinkmarkets.com |
| ThinkMarkets Address: |
Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom |
| Year Founded: | 2010 |
| Regulated By: | the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles |
| Hedquarters: | Australia & United Kingdom |
| Minimum Deposit: | $0 |
| Number Of Clients: | 475,000+ ThinkMarkets users and traders |
| ThinkMarkets TrustPilot: | https://uk.trustpilot.com/review/www.thinkmarkets.com |
| ThinkMarkets LinkedIn: | https://www.linkedin.com/company/thinkmarkets/ |
| ThinkMarkets Facebook: | https://www.facebook.com/ThinkMarkets/ |
| ThinkMarkets Facebook Likes: | 109,901 |
| ThinkMarkets Twitter: | @ThinkMarketsCom |
| ThinkMarkets Twitter Followers: | 7,381 |
| ThinkMarkets Instagram: | https://www.instagram.com/thinkmarkets/ |
| ThinkMarkets Instagram Followers: | 2,261 |
| ThinkMarkets Youtube: | https://www.youtube.com/thinkmarkets |
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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
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Our full ThinkMarkets review for beginners covers all you need to learn about trading via ThinkMarkets. A fantastic broker can take your first investments and help to protect it from losses but also give you a platform that can help to give you favourable profits. If you want to make profits, you should trade with a broker service that aligns with your investing goals.
Of course, there is no sure-fire way to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a frequent misconception that all brokers will be the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
ThinkMarkets is a trading partner that has paved its way successfully to the brokerage world. Within this review, we've attempted to collate some of the important aspects of ThinkMarkets. This guide can help you to understand whether ThinkMarkets is a great fit for your own investments or not. We've attempted to breakdown all of the qualities and charges for your convenience.
Who are ThinkMarkets?
ThinkMarkets is a forex broker headquartered in Australia & United Kingdom and provides a range of instruments for trading. Since its start in 2010 they have emerged as a top-tier player in the industry of online trading. ThinkMarkets includes an extremely competitive and full-featured trading website that's focused on forex, indices, metals, shares, commodities.
Over the past 13 years, ThinkMarkets has become one of the best online brokers available to the public.
After establishing itself in 2010, their customer base has become as large as 475,000+ clients.
ThinkMarkets is the favourite for many online traders because of its negative balance protection. Our ThinkMarkets account review found that they're a superb platform for online trading options. They're most appropriate for investors who are searching for an assortment of assets. Social and easy to use trading solutions are the core at ThinkMarkets.
Technology plays a significant role at ThinkMarkets. They features trading on MT4, MT5 and ThinkTrader. ThinkMarkets is fair, transparent, and a well-regulated agent by the the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles . Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
Who Founded ThinkMarkets?
The founders of ThinkMarkets are Nauman Anees, Faizan Anees
The founders of ThinkMarkets are known for their expertise in the sphere of online trading. However, there are a lot of other important men and women in ThinkMarkets who have a significant contribution to it's success.
The educational section at ThinkMarkets is quite insightful for new traders as it permits them to have a closer look at the financial markets. ThinkMarkets caters to all types of traders and are a must-have broker for any well-diversified approach to online trading.
ThinkMarkets Review Videos
Benefits of trading with ThinkMarkets in 2023
Trading with ThinkMarkets comes with numerous advantages. These benefits are what sets ThinkMarkets apart from the rest of the online agents. You need to check all of the advantages listed so that you have a better understanding of ThinkMarkets.
The broker goes to great lengths to understand what traders want. Consequently, the support, quick, and convenient. The broker also gives a number of programs for all kinds of traders. ThinkMarkets ensures that the individual needs of all traders are met to the best of their ability.
ThinkMarkets also includes excellent trading conditions which are available to all and not just an elite group of institutional customers. The tight spreads and fast executions are a great advantage for all traders. The technology embraced by ThinkMarkets is among the maximum caliber, making sure that it is fast, reliable, and effective.
ThinkMarkets admits the significance of having a fast order execution. A fast implementation will allow users to exchange without worrying about slippage safely. It will also help the dealers to grab any opportunities.
Copy trading is another important aspect of ThinkMarkets. A new trader can learn from business experts using the automatic copy trading option. This means you can see well performing brokers and instantly mirror their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, ThinkMarkets offers social trading which encompasses leading traders sharing their knowledge with the community. ThinkMarkets's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading
ThinkMarkets has over 3500 trading tools to support all types of traders. These tools are lively and suitable for both new and experienced traders. All traders can put aside all their concerns when trading with ThinkMarkets.
ThinkMarkets Overview
Year Founded: 2010
Regulated By: the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles
Hedquarters: Australia & United Kingdom
Minimum Deposit: $0
Number Of Clients: 475,000+
71.89% of retail investor accounts lose money when trading CFDs with this provider.
If you feel that ThinkMarkets is not right for you then at the bottom of this ThinkMarkets review you will find a lot of alternatives to ThinkMarkets.
Everything you should know about trading using ThinkMarkets
ThinkMarkets is a dynamic platform that provides various methods of trading. These tools cover the monetary markets considerably. Most of the brokerage platforms provide less procedures than ThinkMarkets
If you wish to exchange with ThinkMarkets, you will need a minimum deposit of $0. This deposit is required if you would like to begin trading using ThinkMarkets. This 2023 ThinkMarkets review will direct you clearly about trading with them.
ThinkMarkets is as flexible as another brokerage platform. ThinkMarkets is excellent for traders that want a manageable range of cheap services. The programs supplied by ThinkMarkets are third party, white-label offerings. All traders can choose from MT4, MT5 and ThinkTrader
Together with everything, ThinkMarkets has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade has to be kept available. The brokers offer premium customer service that rewards clients with advantages.
Many unprofessional brokers attempt to pressurise customers into larger funding for superior services. ThinkMarkets, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the more benefits will come along.
ThinkMarkets accounts are available globally and provides quality service everywhere they have clients. There are some select few countries where ThinkMarkets accounts are not available. Traders in the following countries cannot open or use a ThinkMarkets account:
United States of America, Canada, Russian Federation, and Belgium.
Is ThinkMarkets Safe To Trade With In 2023?
Launched in 2010, ThinkMarkets has been operating for 13 years, they have a head office in Australia & United Kingdom
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles . These figures have rules that mandate that trading platforms have steps in place to keep investor's resources procured. This means that ThinkMarkets users don't need to be worried about their money since it's segregated and safely kept in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of an option for 2 Factor Authentications (2FA) with ThinkMarkets for increased security. An SMS with the verification code will be sent to a phone. You'll be asked to enter this code to log into your accounts.
Another concern with online brokers is in respect to safety might be manipulation of trading. This is highly disadvantageous for consumers on these platforms. Nonetheless, this is more widespread in the example of Market Maker brokers who compete with customers on the platform.
ThinkMarkets Risk Disclaimer
Risk warning for retail traders
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.
Risk warning for qualified professional traders
Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks associated with a professional trading account. Tax laws depend on individual circumstances and may differ in a jurisdiction other than the UK.
Pro's & Con's Of Trading With ThinkMarkets
Every online trading platform has a few ups and downs, and no ThinkMarkets review would be complete without having a balanced approach. This ThinkMarkets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
ThinkMarkets Pro's
ThinkMarkets is highly rated by us.
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
ThinkMarkets has been trading for 13 years.
ThinkMarkets offers customer support over the phone.
ThinkMarkets provides customer support over email.
ThinkMarkets gives access to customer support over livechat.
ThinkMarkets is an award winning broker.
ThinkMarkets offers negative balance protection.
ThinkMarkets has a low minimum deposit requirement.
ThinkMarkets doesn't charge withdrawal fees.
ThinkMarkets has a wide range of trading instruments.
You can trade Cryptocurrencies with ThinkMarkets.
ThinkMarkets has over 100 employees.
ThinkMarkets offers social trading.
ThinkMarkets offers copy trading.
ThinkMarkets allows scalping.
ThinkMarkets allows hedging.
ThinkMarkets allows commodity trading.
You can trade metals with ThinkMarkets.
You can trade energies with ThinkMarkets.
ThinkMarkets Con's
ThinkMarkets doesn't offer guaranteed stop loss. ThinkMarkets charges inactivity fees.Compare Brokers Similar To ThinkMarkets
Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
ThinkMarkets, as a business, has a strong set of rules for ensuring honest trading on its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client data is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
ThinkMarkets Awards
ThinkMarkets have won numerous industry awards over the years they have been operating as a financial broker. We list the most notable awards for ThinkMarkets below.
- In 2017 ThinkMarkets was awarded Best Forex Trading Innovation.
- In 2017 ThinkMarkets was awarded Best Forex Trading Experience.
- In 2018 ThinkMarkets was awarded Best Blockchain-based Innovation.
- In 2020 ThinkMarkets was awarded Best Value Broker.
- In 2021 ThinkMarkets was awarded Best CFD Provider.
ThinkMarkets Trading Platforms
ThinkMarkets are a trustworthy brokerage that has been operating for over 13 years. They offer a large range of options in their customer accounts.
In the following table we take the main parts of any good online trading platform and compare ThinkMarkets against freetrade, and easyMarkets.
ThinkMarkets MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with ThinkMarkets in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. ThinkMarkets MetaTrader 4 is compatible with the latest macOS. ThinkMarkets allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and ThinkMarkets
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With ThinkMarkets MetaTrader 4 On iOS Devices
Unfortunately ThinkMarkets doesn't have an app in the Apple store. We hope that in the future a ThinkMarkets iOS app will be available and at that time we will update our ThinkMarkets review accordingly.
Trading With ThinkMarkets MetaTrader 4 On Android Devices
Unfortunately ThinkMarkets doesn't have an Android App. We hope that in the future a ThinkMarkets Android app will be available and at that time we will update our ThinkMarkets review accordingly.
Minimum Deposit Required
The minimum deposit you must deposit to get started on ThinkMarkets is $0. This is a decent amount for people just beginning. You can make more advanced deposits as you go along. But, ensure that you know how to make the most of your money before investing larger amounts.
Commission And Fees Explained
ThinkMarkets is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. That is, an online broker is not necessarily influenced by the number of clients they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of fees for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're spending a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling price. Financing or overnight prices are those that are charged when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your account. They're billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, ThinkMarkets does not charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who often trade, such as weekly or daily trading.
However, non-trading fees charged by ThinkMarkets are comparatively greater. As a result, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This ThinkMarkets review breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees Of ThinkMarkets
ThinkMarkets Withdrawal Fees Explained
ThinkMarkets doesn't charge withdrawal fees.Withdrawal of cash is possible at any moment from your ThinkMarkets account. You can withdraw sums up to the amount of your account balance, keeping aside the margin used. One thing to remember is that you don't necessarily need to have any money on your account.
Moreover, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn cash is going to be sent to the cardThinkMarkets will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you're withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to withdraw in.
ThinkMarkets Inactivity Fees Explained
ThinkMarkets charges an inactivity fee when you don't create any trades for a while.
Even if no charges have been indicated by ThinkMarkets, it's best for you to close the account if you're inactive. Inactivity fees aren't only charged by broker companies but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the agent beforehand.
ThinkMarkets Deposit Fees Explained
When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge an excessive amount of money for this particular operation.
ThinkMarkets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash onto the ThinkMarkets trading platform is simple. You simply need to finish a single-user profile survey to start depositing money into your trading account. You will need to give an identity evidence and evidence of residency to deposit substantial amounts.
Compare ThinkMarkets Vs Other Broker Deposit Methods
What Can You Trade With ThinkMarkets in 2023?
Note: ThinkMarkets provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can be different based on the country of residence of the client.
ThinkMarkets has a wide variety of over 3500 instruments available for you to trade with.
If trading currency pairs is of interest to you then ThinkMarkets offer over 46 currency pairs.
Compare ThinkMarkets, freetrade & easyMarkets below.
ThinkMarkets Trading App Review
Note: ThinkMarkets's mobile app has a lot of functionality and is being constantly improved. The table below was accurate at the time of compiling this ThinkMarkets broker review.
Understand the capabilities of the mobile apps of ThinkMarkets, freetrade & easyMarkets below.
Trading Education Available At ThinkMarkets
Understand the trading resources available with ThinkMarkets, freetrade & easyMarkets below.
ThinkMarkets Customer Support
For this ThinkMarkets broker review we tested the customer service options as well as response times. on the ThinkMarkets trading platform problems resolution effectiveness. ThinkMarkets provides support in a wide range of languages including English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese
ThinkMarkets Live Chat Support
We tested the livechat experience with ThinkMarkets and it works well. We made a request to ThinkMarkets livechat via their app and web site and got a reply after 10 seconds. On Occasion there was no response.
We tested communicating via ThinkMarkets support in multiple languages across multiple countries. ThinkMarkets were capable of resolving our client's problems.
ThinkMarkets Phone Support
We made a call to ThinkMarkets and the call was responded to very quickly. We were able to have the call answered in less than 5-10 minutes.
The ThinkMarkets phone support team were able to successfully address our queries and problems over the phone. We tried the multilingual ThinkMarkets team by calling in varying languages. ThinkMarkets made efforts to ensure all of our questions were answered.
The overall support via phone from ThinkMarkets was good.
ThinkMarkets Email Support
We have sent numerous emails to ThinkMarkets and answer times overall were good. The fastest email response from ThinkMarkets was 3 hours, while the slowest response was 12 days! There were times when there were no responses. Support response times may vary depending on what is needed from ThinkMarkets, but this was our experience sending out 10 emails at various times.
The team was able to resolve and answer our queries. Average email support from ThinkMarkets was good.
Alternatives To ThinkMarkets
If, after studying this ThinkMarkets review, they do not quite fulfill your requirements check out these ThinkMarkets alternatives.
We've scoured the web to find the best alternatives to ThinkMarkets. Click on the links below to learn more.
Frequently Asked Questions
Can I try ThinkMarkets before I buy?
Yes, you can most certainly try ThinkMarkets before you buy. ThinkMarkets offers demo accounts for the ease of new traders. You can use this feature to build your faith in the machine and yourself and your trading strategies.
If you register to get a demonstration account with ThinkMarkets, you will set out using a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you decide to invest your own money.
With this virtual ThinkMarketsdemo account, you can experiment at all, to whatever period you wish. You might also start positions, examine different trading approaches, and more.
ThinkMarkets shows on its official site how you can exchange real time stocks in a demo account.
Is ThinkMarkets safe?
It is possible to drop all your worries because we believe that ThinkMarkets is totally safe to use. It's in compliance with all the rules of the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Even so, ThinkMarkets does not provide assured stop-loss protection.
Why does ThinkMarkets ask for my passport?
The reason that ThinkMarkets asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, ThinkMarkets has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, ThinkMarkets must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with ThinkMarkets?
The process to start trading with ThinkMarkets is super simple. You need to begin by signing up on the ThinkMarkets website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but ThinkMarkets are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with ThinkMarkets is $0. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with ThinkMarkets.
The best way to kickstart your trading career with ThinkMarkets is to open a demo account facility before risking any real money
What funding methods do ThinkMarkets accept?
There are a number of ways to finance your account with ThinkMarkets. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all place. The monies ThinkMarkets accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can embrace are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity as well, even though it takes about 4-7 days.
Is my money safe with ThinkMarkets?
Yes, your cash is safe and secure with ThinkMarkets. As you already know, ThinkMarkets works with proper conformation to regulations. It's established lots of measures to guard all its own investors.
ThinkMarkets protects its customers' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further protect your accounts, it is possible to enable Two-Step Verification also. It requires an SMS affirmation for you to get your accounts.
Is ThinkMarkets trading good?
Yes, trading via ThinkMarkets is a pleasant and decent experience indeed. It's a great and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise.
If you are still skeptical, it is possible to start a eToro demo account and assess the credibility of the platform on your own.
Which Countries do ThinkMarkets support?
ThinkMarkets operates across the world. However, due to regulations ThinkMarkets can't accept clients from United States of America, Canada, Russian Federation, and Belgium.
Is ThinkMarkets legit?
ThinkMarkets is a legit company headquarted in Australia & United Kingdom since 2010. They are regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles . ThinkMarkets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is ThinkMarkets a good broker?
ThinkMarkets is an excellent broker, and its users can vouch for this. The highlight of the platform is its fast order execution on transactions.
You'll discover the clean design of this platform along with the commendable features that are pleasant to work with.
Is ThinkMarkets a trustworthy broker?
Yes, ThinkMarkets is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 475,000+ users registered with them can affirm to their trustworthy nature.
Click here to see the ThinkMarkets TrustPilot page
What is the minimum deposit for ThinkMarkets?
The minimum deposit to open a live account with ThinkMarkets is $0
How long do ThinkMarkets withdrawals take?
Normally, withdrawal of money from ThinkMarkets is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from ThinkMarkets to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is ThinkMarkets regulated?
ThinkMarkets are regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles
Is ThinkMarkets a market leading broker?
ThinkMarkets is indisputably one of the business leaders. It has over 475,000+ registered customers and over 13 years of expertise on its record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this status to its unbelievable platform and wide range of tools plus resources so that you may invest in capital markets.
Is ThinkMarkets a con?
No, ThinkMarkets is not a con. They are regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles and must adhere to their rules. Thus, it is safe to say that ThinkMarkets is not a scam.
Can you make money with ThinkMarkets?
Through ThinkMarkets, many traders make a great deal of money. However, just like all online brokers, it is important to note that traders can also lose money. In particular, 71.89% of retail investor accounts lose money when trading CFDs with this provider.
This may seem to be a small number, but over the entire year, this adds to a substantial amount of gains. Even though ThinkMarkets supply you all of the tools to make money, they cannot guarantee you will profit.
Does ThinkMarkets have fees?
Yes. To begin trading with ThinkMarkets, you have to deposit $0. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was ThinkMarkets founded?
ThinkMarkets was founded in 2010 in Australia & United Kingdom. ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
How many people use ThinkMarkets?
ThinkMarkets is a globally recognised broker with 475,000+ customers.
Where is the ThinkMarkets head office?
ThinkMarkets has its head office in Australia & United Kingdom
Does ThinkMarkets offer negative balance protection?
Yes, ThinkMarkets has Negative Balance Protection. It's especially offered when the market volatility keeps customers from letting their accounts go into the red. In such a scenario, ThinkMarkets provides the ability to reset a customers account balance to zero.
You can go through the important terms and conditions on ThinkMarkets's site to comprehend their policies better.
Does ThinkMarkets offer guaranteed stop loss?
ThinkMarkets, unfortunately, does not offer guaranteed stop loss. ThinkMarkets provides an opportunity to its traders to close their trade at their given price. Apart from this, ThinkMarkets does not provide guaranteed stop loss.
Does ThinkMarkets allow scalping?
Yes, ThinkMarkets does permit scalping. Many traders across the world select ThinkMarkets for their scalping services. They offer trading on MT4, MT5 and ThinkTrader which let this.
Does ThinkMarkets allow hedging?
Yes, ThinkMarkets does allow hedging.
Can you trade energies with ThinkMarkets?
Yes, you can trade energy stocks with ThinkMarkets
Can you trade agricultural shares with ThinkMarkets?
Yes, you can trade agricultural stocks with ThinkMarkets
Can you trade cryptocurrency with ThinkMarkets?
Yes, you can trade cryptocurrency with ThinkMarkets
Can you trade metals with ThinkMarkets?
Yes, you can trade metals with ThinkMarkets
Can you trade UK Shares with ThinkMarkets?
Yes, you can trade UK shares with ThinkMarkets
Can you trade US Shares with ThinkMarkets?
Yes, you can trade US shares with ThinkMarkets
Can you trade Japanese Shares with ThinkMarkets?
No, unfortunately you cannot trade Japanese shares with ThinkMarkets
Can you trade German Shares with ThinkMarkets?
Yes, you can trade German shares with ThinkMarkets
Does ThinkMarkets accept bank transfers?
Yes, ThinkMarkets accepts bank transfers for depositing money.
Does ThinkMarkets accept credit cards?
Yes, ThinkMarkets accepts credit cards for depositing money.
Does ThinkMarkets accept PayPal?
Yes, ThinkMarkets accepts PayPal for depositing money.
Does ThinkMarkets accept Skrill?
Yes, ThinkMarkets accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 which offers a range of online payment and money transfer services.
Since launch, Skrill has expanded to operate in more than 120 countries, with its digital wallet offered in 40 different currencies. Customers can deposit money into their Skrill wallet using various options for payment, including credit card, bank transfer as well as a variety of alternative payment options. The funds can later be used to pay merchants or other Skrill customers, or converted to cryptocurrency.
Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. It allows customers to transfer funds to a bank account in another country with their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former competitor Neteller and the prepaid payment company paysafecard.
Skrill has a variety of licenses enabling it to offer its services in Europe and globally. Skrill is managed through Paysafe Payment Solutions Limited, a company incorporated in Ireland and regulated by Central Bank of Ireland, for its European regulated activities. Skrill's operations outside its European Economic Area are operated by Skrill Limited - a company incorporated in the United Kingdom and regulated by the Financial Conduct Authority.
Does ThinkMarkets accept Payoneer?
No, ThinkMarkets does not accept Payoneer.
Does ThinkMarkets accept Neteller?
Yes, ThinkMarkets accepts Neteller for depositing money.
Does ThinkMarkets offer Live Chat customer support?
Yes, ThinkMarkets offers customer support through live chat.
Does ThinkMarkets offer phone customer support?
Yes, ThinkMarkets offers customer support over the telephone.
Does ThinkMarkets offer email customer support?
Yes, ThinkMarkets offers customer support through email.
What languages can ThinkMarkets communicate in?
ThinkMarkets has the ability to communicate and support customers who speak: English, Portuguese, Vietnamese, Chinese, Czech, Greek, Indonesian, Thai, Malay, Italian, Arabic, German, Spanish and Japanese
Does ThinkMarkets have a wikipedia page?
Yes, ThinkMarkets does have a wikipedia page. It can be found at https://en.everybodywiki.com/ThinkMarkets
Does ThinkMarkets offer demo accounts?
Yes, ThinkMarkets offers demo accounts so you can learn their systems before risking any real capital. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the company’s features before signing up for a live account.
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