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ThinkMarkets Review 2024

Plamen Stoyanov
Updated: Jan 23, 2024
Overall Rating
  • Trust
  • Fees
  • Platforms and Tools
  • Tradable Instruments
  • Customer Support
  • Research
  • Deposit and Withdrawal
  • Account Types and Terms
  • Education
  • How Did We Test and Rate This Broker?
    When trading forex and CFDs, understanding a broker's strengths and weaknesses is essential. We developed a proprietary rating system, which is the result of extensive research and hands-on evaluation by our expert reviewers. With a rigorous approach, our reviewers manually assess each broker, investing more than 50 hours per review, checking and testing the broker while analyzing over 250 variables to simplify the broker selection process for you. The categories we evaluate include trustworthiness, trading platforms, customer support, regulatory oversight, spreads, fees, the variety of instruments offered, education, and research tools. This unique rating system is specifically developed to ensure that the assessment is based on firsthand knowledge and experience. By dedicating a significant amount of time to each review, our team of experts can provide in-depth insights and help you make well-informed decisions when choosing the broker that best suits your trading goals.

    Our Take on ThinkMarkets

    Founded in 2010 and headquartered in Australia, ThinkMarkets is a versatile broker regulated by prominent authorities such as the FCA, CySEC, and ASIC. It allows clients to trade over 4000 instruments across various markets at highly competitive costs. The broker has developed an excellent proprietary platform equipped with a vast array of technical indicators, drawing tools, and unique features. Overall, I rate ThinkMarkets as a sophisticated and reliable broker, providing outstanding trading conditions.

    ThinkMarkets Pros and Cons

    Pros Cons
    • Multiple top-tier regulations
    • Below average fees
    • Sophisticated platform
    • Over 4000 CFDs
    • Two-factor authentication
    • The ThinkMarkets platform is only available on a Standard account
    • Few educational materials for seasoned traders

    ThinkMarkets Highlights for 2023

    • Multiple Regulations: ThinkMarkets operates under seven entities globally, with four regulated by top-tier agencies, offering a high level of protection.
    • Low Costs: The broker offers commission-free and swap-free trading, along with generally low spreads.
    • Feature-Rich Platform: The proprietary ThinkTrader platform boasts a sleek design, an extensive range of technical indicators and drawing tools, and supports in-depth technical analyses. Its mobile version is notable for its versatility and clarity.
    • Vast Array of Instruments: ThinkMarkets provides access to thousands of instruments across various asset classes, including FX pairs, commodities, shares, indices, cryptos, futures, and ETFs.
    • Additional Tools: The broker also offers free VPS hosting and integrates Myfxbook for social trading.

    What Sets ThinkMarkets Apart?

    Among other things, ThinkMarkets has built a highly intuitive and customizable platform that offers hundreds of technical indicators and drawing tools. In some cases, these are 3-4 times more numerous than what is available on MetaTrader 4&5. It also has a very practical ‘TrendRisk’ Scanner that displays currently unfolding trading opportunities. Additionally, ThinkMarkets has one of the richest collections of educational materials covering the broad topic of technical analysis.

    Who is ThinkMarkets For?

    ThinkMarkets caters to short-term, high-frequency traders with its commission-free trading and low floating spreads, while its ThinkZero account, offering raw spreads with a competitive $3.5 per side commission, appeals to high-volume and long-term traders.

    Additionally, ThinkMarkets is an ideal choice for chart artists and technical traders, thanks to its comprehensive content library and feature-laden platform, enabling thorough technical analysis.

    This is a review of a Standard ThinkMarkets account opened with TF Global Markets Int Limited, one of the seven entities operated by the broker. We evaluated ThinkMarkets’ terms and conditions and the usability of its website and proprietary platform – the desktop and mobile app versions.

    ThinkMarkets Main Features

    ☑️ RegulationsFSA (Seychelles), ASIC (Australia), FCA (United Kingdom), JFSA (Japan), FSCA (South Africa), CySEC (Cyprus), FSCM (Mauritius), CIMA (Cayman Islands)
    🗺 Supported Languages
    English, Indonesian, Portuguese, Thai, Polish, Czech, Arabic, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, Malaysian, German
    💰 ProductsCurrencies, ETFs, Crypto, Indices, Commodities
    💵 Min Deposit$0
    💹 Max Leverage1:500 (FSA), 1:30 (ASIC), 1:30 (FCA), 1:25 (JFSA), 1:500 (FSCA), 1:30 (CySEC ), 1:3000 (FSCM), 1:250 (CIMA)
    🖥 Trading Desk TypeNo dealing desk
    📊 Trading PlatformsMT5, Proprietary, MT4
    💳 Deposit OptionsCryptocurrencies, PerfectMoney, Wire Transfer, Skrill, Neteller, Visa, Mastercard
    💳 Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, Skrill, PerfectMoney, Visa, Mastercard
    🤴 Demo AccountYes
    🗓 Foundation Year2010
    🌎 Headquarters CountryAustralia
    Risk DisclosureCFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    ThinkMarkets Full Review


    How Did We Test the Broker's Trustworthiness?
    Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.
    trust chart

    ThinkMarkets scored highly in the Trust category. The company has 7 subsidiaries and is authorized to serve retail and professional traders worldwide. ThinkMarkets’ licenses ensure various degrees of protection, with the majority being issued by top-tier regulators. The company as a whole is fairly transparent and very trustworthy.

    ThinkMarkets Regulations

    In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.

    Here is what we found concerning the 7 entities operated by ThinkMarkets:

    • TF Global Markets Int Limited is authorized and regulated by the Financial Services Authority (FSA) of Seychelles. The FSA ranks as a Tier-3 regulator on our system.
    • TF Global Markets (Aust) Pty Ltd is authorized and licensed by the Australian Securities and Investments Commission (ASIC). ASIC ranks as a Tier-1 regulator on our system.
    • TF Global Markets (Europe) Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC). CySEC ranks as a Tier-1 regulator on our system.
    • TF Global Markets (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) in the UK. The FCA ranks as a Tier-1 regulator on our system.
    • TF Global Markets Japan Co. Ltd is licensed by Japan’s Financial Services Authority (JFSA) as a Financial Instruments Business Operator. The JFSA ranks as a Tier-1 regulator on our system.
    • TF Global Markets (South Africa) (Pty) Ltd is authorized and regulated by the Financial Services Commission Authority (FSCA) in South Africa. The FSCA ranks as a Tier-2 regulator on our system.
    • TF Global Markets (International) Limited is authorized and regulated by the Cayman Island Monetary Authority (CIMA) and the Financial Services Commission (FSC) of Mauritius. Both the FSC and CIMA are ranked as Tier-3 regulators on our system.
    TF Global Markets Int Ltd’s licensing info on

    We have summarized the most essential aspects of ThinkMarkets in terms of regulation and safety in the table below:

    Entity Features TF Global Markets Int Limited TF Global Markets (Aust) Pty Ltd TF Global Markets (Europe) Ltd TF Global Markets (UK) Ltd TF Global Markets Japan Co. Ltd TF Global Markets (South Africa) (Pty) Ltd TF Global Markets (International) Limited
    Country/Region Seychelles/Mahe Australia/Melbourne Cyprus/Limassol UK/London Japan/Tokyo South Africa/Sandton Cayman Islands/Grand Cayman
    Tier 3 1 1 1 1 2 3
    Segregated Funds Yes Yes Yes Yes Yes Yes Yes
    Negative Balance Protection No Yes Yes Yes No Yes No
    Compensation Scheme No No No Yes No No No
    Maximum Leverage 1:500 1:30 1:30 1:30 1:25 1:500 1:500


    Why is it Important to Know Where Your Broker’s Subsidiaries are Regulated?

    Brokers operate multiple entities because it allows them to serve clients worldwide. But licenses by different regulators do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others have much more relaxed requirements for brokers. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.

    In other words, it is important to know your rights as a trader with the broker subsidiary you choose to start with, which institution enforces them, and how.

    Here is a rundown of the most important protections to look for in a broker:

    • Segregation of client funds. Most regulators mandate brokers to keep their clients’ funds in separate bank accounts from the ones they use for their corporate capital. This negates the risk of accounting errors. All of ThinkMarkets’ seven entities comply with his requirement.
    • Negative balance protection. Negative balance protection is a safety mechanism that removes the risk of a trader’s losses exceeding their account balance. This is especially important in volatile markets. Three of ThinkMarkets’ entities do not ensure negative balance protection.
    • Compensation scheme. A compensation scheme protects traders against the broker’s liabilities in the unlikely event that the company should become insolvent. Clients of the FCA-regulated entity are protected under the Financial Services Compensation Scheme (FSCS) by up to a maximum of GBP 85,000.
    • Maximum leverage. Capping the maximum leverage limits the maximum market exposure to retail traders. Top-tier regulators usually allow a maximum leverage of 1:30, while offshore brokers can allow a maximum leverage of anywhere between 1:500 to 1:2000.

    Is ThinkMarkets Safe to Trade With?

    ThinkMarkets is indeed very safe to trade with. Even though some of its entities are regulated by weaker offshore regulators (FSA and CIMA), the licenses by CySEC, ASIC, FCA, and JFSA indicate the broker’s high reliability.

    ThinkMarkets should also be praised for having a ‘best execution policy’ which ensures that the broker stays committed to supplying traders with the best price quotes under the prevailing market conditions. This is crucial for guaranteeing fast and precise order execution, decreasing the risk of negative slippage.

    Stability and Transparency

    In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.

    ThinkMarkets was established in 2010, and since then, it has grown into a widely trusted broker with global exposure. We’ve reviewed its T&Cs, legal documents, platforms, and fees and found them all to be quite transparent.

    One example of ThinkMarkets’s attention to detail is that live spread info is shown on the platform for each instrument, thus saving traders time and effort in calculating the spread for themselves. While not unique to ThinkMarkets, this is quite an important feature as it can also save traders money in volatile markets. For example, while we were conducting our review, the spread of the GBPJPY pair fluctuated by 0.6-0.8 pips in the span of several seconds.

    ThinkMarkets’ platform displays the spread between the bid and ask prices

    ThinkMarkets is also quite thorough when it comes to presenting readily available information. Traders can easily find their way around the website, check the broker entities’ different licenses and safety policies, and familiarize themselves with the differences in spreads and commissions on the two separate account types.

    In summary, our findings indicate that ThinkMarkets can be regarded as having a very good level of trust and stability due to the following factors:

    • Most of its entities are authorized by top-tier regulators.
    • FCA-regulated entity are protected under the Financial Services Compensation Scheme (FSCS) by up to a maximum of GBP 85,000
    • It is fairly transparent and pays attention to small details.


    How Did We Test the Broker's Fees and Commissions?
    Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.
    fees chart

    ThinkMarkets was awarded an above-average mark in the Fees category. Its spreads are low-to-medium compared to the broader industry, while its fixed commissions (where applicable) are low. ThinkMarkets does not have an inactivity fee and does not charge deposits or withdrawals.

    ThinkMarkets Trading Fees

    ThinkMarkets’ Spreads

    We tested ThinkMarkets’ spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 16 March 2023.

    Instrument Live Spread AM Live Spread PM Instrument Live Spread AM Live Spread PM Instrument Live Spread AM
    EURUSD 0.8 pips 0.8 pips EURUSD 0.8 pips 0.8 pips EURUSD 0.8 pips
    GBPJPY 1.8 pips 1.5 pips GBPJPY 1.8 pips 1.5 pips GBPJPY 1.8 pips
    Gold (XAUUSD) 20 pips 20 pips Gold (XAUUSD) 20 pips 20 pips Gold (XAUUSD) 20 pips
    Crude Oil 0.05 pips 0.03 pips Crude Oil 0.05 pips 0.03 pips Crude Oil 0.05 pips
    Apple NA 0.08 points Apple NA 0.08 points Apple NA
    Tesla NA 0.14 points Tesla NA 0.14 points Tesla NA
    Dow Jones 30 1.7 basis points 1.4 basis points Dow Jones 30 1.7 basis points 1.4 basis points Dow Jones 30 1.7 basis points

    Based on our research throughout the day, we found that ThinkMarkets’ spreads on instruments from different asset classes are mostly low. The only exceptions were crude oil and Bitcoin, which met the industry average.

    What is also worth pointing out is that there are no major discrepancies in the recorded spreads between the AM and PM sessions. This is significant because it indicates that ThinkMarkets has access to deep liquidity that is crucial for precise order execution.

    ThinkMarkets’ Swap Rates

    A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.

    The values listed below are for one full contract (100,000 units) of the base currency.

    Instrument Swap Long Swap Short
    EURUSD Charge of $10.38 Credit of $2.76
    GBPJPY Credit of 18.15 Charge of $25.34

    The swap charges we recorded are generally elevated, though this is because of external factors (changing interest levels at the interbank level).

    It is always worth checking the swap charges before opening a position because it can save you a lot of money, especially if you are uncertain as to which instrument to trade next. As an example from the above table, if you believe that the EUR is likely to appreciate against the USD and the GBP against the JPY, it will be better to go long the GBPJPY rather than the EURUSD.

    ThinkMarkets’ Commissions

    The ThinkMarkets Standard account affords commission-free trading, except for South African CFD shares. In comparison, the ThinkZero account has a $3.5 per side commission per traded lot. This means you will be charged $7 for opening and then closing a position worth 100,000 units.

    Commission-free accounts are suitable for high-frequency trading – getting in and out of trades within a relatively short period of time. Most intraday trading strategies, such as scalping, usually involve the execution of multiple positions. Accordingly, fixed commission accounts with raw spreads (from 0.0 pips) are better suited for high-volume trading, which usually requires the execution of fewer trades (e.g., in day and position trading).

    Think Markets’ Non-Trading Fees

    ThinkMarkets does not charge a handling fee for deposits and withdrawals. It also does not charge dormant accounts with an inactivity fee.

    Are ThinkMarkets’ Fees Competitive?

    As a whole, we assessed that ThinkMarkets’ fees are very competitive. They are suitable for implementing a wide selection of trading strategies – both short-term and long-term.

    Platforms and Tools

    How Did We Test the Broker's Trading Platforms?
    We understand that platforms play a crucial role in your trading experience. That's why we spent many hours testing the broker's web, desktop, and mobile trading platforms to gain a real understanding of their usability, functionality, and overall performance. From experimenting with different order types to testing execution speeds, charting, and other features, we thoroughly examined every aspect of these platforms based on our trading expertise, helping you make an informed choice.
    platforms chart

    ThinkMarkets scored highly in the Platforms category. The broker has its own proprietary platform – the highly intuitive ThinkTrader – and also incorporates the popular MetaTrader 4&5. ThinkMarkets offers some very useful tools, and it also provides free VPS hosting.

    We reviewed the ThinkTrader platform and found it very practical. It has a broad range of technical indicators and drawing tools that are several times more numerous than MT4 and MT5. ThinkTrader has a sleeker design compared to the other two, is easier to navigate, and affords a more detailed outlook into price action behavior.

    ThinkTrader is the better choice for many reasons. It has a two-factor authentication, making it safer. It also allows searching for instruments by asset class, which is very helpful given ThinkMarkets’s broad range of over 4000 CFDs. Moreover, ThinkTrader can be run on multiple screens simultaneously. In addition to one-click trading, it also supports one-click closing, which allows instantaneous termination of all trades on a single instrument. The one disadvantage is that ThinkTrader is only available on Standard accounts.

    The mobile app version of ThinkTrader is equally as sophisticated. It is light, versatile, and helps traders stay connected to the market on the go. It provides plenty of information concerning developing trading setups without getting too cramped. Most trading apps find it difficult to illustrate a lot of information while maintaining clarity on low-resolution devices.

    ThinkMarkets does not support social trading, though automated trading is available on MetaTrader via its Expert Advisors (EAs) feature. This is enhanced by the broker’s offering of free VPS hosting. Another supporting tool incorporated by ThinkMarkets is Myfxbook (a social community platform for Forex traders), which is available to MT4 accounts with a minimum balance of $1000.

    ThinkTrader’s Desktop Platform

    The desktop version of ThinkTrader

    General Ease of Use

    ThinkTrader has a familiar design. A watchlist of selected instruments can be seen on the left, a news feed with information about currently unfolding trading opportunities on the top, and account info at the bottom of the screen. It is highly intuitive and easy to navigate, and even beginners can get used to it fairly quickly. And most importantly, price action is illustrated clearly and with attention to detail, affording traders a penetrating outlook into price action behavior.

    TrendRisk Scanner

    ThinkMarkets’ TrendRisk Scanner

    The defining feature of the platform, arguably, is the TrendRisk scanner. While most brokers offer trading ideas in one way or another, ThinkMarkets has managed to integrate a tool that presents traders with relevant and concise information directly on the platform, helping them make informed and timely decisions.

    The scanner monitors currently unfolding setups on various instruments, helping traders save time when looking for trading opportunities. They are given a possible entry price, stop-loss level, and target level. And most significantly, a calculation of the risk/reward ratio.

    At the time of our review, we checked one such suggestion – on the hourly GBPJPY chart – and found it quite compelling. It forecasted a reversal from a previous resistance level, which is quite common. Ultimately, the projection was not realized, but the logic behind it was sound, and the setup was well executed.


    Arguably, the most important component of a platform is its charts screen. Price action must be represented clearly and concisely so that traders can observe even the most minute details in its behavior. Also, a platform needs to include multiple technical indicators and drawing tools so that traders can make sense of the underlying price movements. And after testing the ThinkTrader platform, we assessed that it excels in both aspects.

    Here are the defining features of its charts:

    • 105 Technical indicators. Traders can choose from hundreds of oscillators, range-based and trend-based indicators, volume indicators, and more. This diversity allows traders to conduct multifaceted technical analyses. Think Markets should also be praised for explaining in detail how to use these.
    • 57 Drawing tools. The platform also supports a vast amount of drawing tools, such as trend lines, regression channels, and Fibonacci retracement levels, which are used for determining major support and resistance levels, potential breakouts and breakdowns, and other repeatable price patterns. Unlike MetaTrader 4&5, ThinkTrader also has 11 Elliott wave and harmonic patterns. These are very practical and are usually used to study the cyclical nature of price action, thus allowing traders to forecast potential rebounds and reversals.
    • 12 Chart types. Possibly the biggest difference between MT4&5 and ThinkTrader lies in the number of chart types they support. While MT4&5 sport only 3 chart types, ThinkTrader has 12. Representing price action in different ways is important because it allows the trader to examine it from different angles and possibly spot new trading opportunities.
    • 15 Timeframes. ThinkTrader has 15 different timeframes – more than MT4 but less than MT5. Generally speaking, the greater the number of timeframes available to traders, the better they can understand subtle changes in price action behavior in the short and long term.


    The three most common order types available to traders include

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order actually gets filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price. If the market does indeed turn and triggers the stop-loss, it will transform into a market order and get filled at the best possible price.

    ThinkTrader’s Mobile App Version

    Even though the app is not ideal for conducting complex technical analyses because it has to be run on low-resolution devices, a problem that is inherent to most trading apps, it excels in other ways. What we found particularly useful is all the information made readily available before placing an order. As shown below, you can swiftly check such vital information as the pip cost of the trade, estimated margin usage, spread and swap costs, and others.

    ThinkTrader’s Mobile App

    General Ease of Use

    The ThinkTrader app has a very straightforward design, and traders can learn it without much effort. It has a chart window where price action is represented as clearly as possible, though, unlike the desktop version, it lacks any drawing tools. In addition to monitoring the market, traders can also use the app to monitor their account performance. The possibility to make swift course corrections to open trades is probably the biggest advantage of any trading app.


    Here is a list of the chart features available on the ThinkTrader app:

    • 105 trading indicators. The ThinkTrader app has an impressive collection of over 100 oscillators, trend-based, range-based, and volume-based indicators. They are used to study different aspects of price action behavior, such as trending, consolidating in a range, attempting breakouts, or reversals from major supports and resistance levels.
    • 15 timeframes. The app also consists of a sufficient number of timeframes, allowing traders the opportunity to observe short-term and long-term trading opportunities.
    • 12 chart types. ThinkTrader also has one of the industry’s biggest assortments of chart types, which can be used to represent price action in different ways. This versatility is significant because traders can use it to observe price action behavior from multiple angles.


    Similarly to ThinkTrader’s desktop and web versions, the app also supports the three major order types:

    • Market orders. Market orders are used for immediate entry at the best possible price. If triggered, they guarantee volume filling, though there could be a discrepancy between the requested price and the price where the order gets actually filled.
    • Limit orders. Unlike market orders, limit orders guarantee exact price execution. However, a limit order will not be filled if the price action does not reach the pre-determined execution price.
    • Stop loss orders. They are used to support open positions by limiting the maximum loss that can be incurred if the market turns in the opposite direction. A stop-loss order is placed at a fixed price below or above the spot price.

    Tradable Instruments

    How Did We Test the Broker's Tradable Instruments?
    For this section, we examined the broker's market offering, assessing the variety and depth of instruments and asset classes available for trading. Through our proprietary database, we then compared the results with other brokers. This comprehensive analysis allows you to determine if the broker offers the specific instruments and trading options you're looking for.
    tradable_instruments chart

    ThinkMarkets was awarded a very high mark in the Tradable Instruments category. The broker offers over 4000 tradable instruments from different asset classes, which are available to retail and professional traders. There are instruments from all the major markets, such as FX pairs, commodities, shares, indices, and cryptos, but also more complex futures and ETFs.

    What we found particularly useful in ThinkMarkets’ offering is that traders have ample choices of both lower-risk securities and higher-risk assets. This diversity caters to the needs of conservative traders and those who are less risk-averse, allowing both to take advantage of various trading opportunities.

    What are CFDs?

    Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.

    What Can You Trade With ThinkMarkets?

    We have broken down ThinkMarkets’ offering of instruments by asset class below:

    • 48 Currency Pairs
      • Major, Minor, and Exotic
    • 15 Commodities
      • Metals, Energy, and Agriculture
    • 3548 CFD Shares
      • Europe, US, UK, Australia, Hong Kong, South Africa
    • 22 Indices
      • Financial, Tech, U.S., Europe, Asia
    • 27 Cryptocurrencies
      • Major and Minor
    • 359 CFD ETFs
      • Tech, Financial, Retail, Agriculture, and others.

    ThinkMarkets offers an average amount of FX pairs and an above-average amount of commodities, indices, and cryptocurrencies. It also has a high number of CFD ETFs and an especially broad range of CFD shares.

    Regarding CFD shares, in particular, clients of the broker are allowed to trade on global markets – from the U.S. and Europe to Hong Kong. This variety underscores ThinkMarkets’ global presence as it allows traders to trade during all major sessions throughout the day – from the opening of the Asian session to the close of the U.S.

    Forex Commodities Forex
    EURUSD | GBPJPY | NZDCAD | USDNOK | USDTRY | EURPLN Crude Oil | Gold | Coffee | Cotton | Silver | Copper EURUSD | GBPJPY | NZDCAD | USDNOK | USDTRY | EURPLN
    CFD Shares Indices CFD Shares
    Apple | Tesla | Microsoft | Barclays | Easy Jet | Lenovo | Xiaomi CAC 40 | US30 | DAX40 | Nasdaq | Russell2000 | China A50 | Hong Kong HS50 Apple | Tesla | Microsoft | Barclays | Easy Jet | Lenovo | Xiaomi
    Cryptocurrencies CFD ETFs Cryptocurrencies
    Bitcoin | Ripple | Litecoin | Cardano | Dash | Polkadot | Ethereum | Solana | Stellar | Monero iShares Asia 50 ETF | SPDR Bloomberg 1-3 MOnth T-Bill ETF | iShares MSCI Europe Financials ETF Bitcoin | Ripple | Litecoin | Cardano | Dash | Polkadot | Ethereum | Solana | Stellar | Monero

    Customer Support

    How Did We Test the Broker's Customer Support?
    Traders often underestimate the importance of customer support, yet it proves to be a critical aspect during times of crisis. We put the broker's customer support to the test ourselves using all possible channels, such as chat, phone, and others. Our evaluation focused on the accessibility of live agents, as well as the helpfulness and professionalism of their responses. This way, we provide you with comprehensive insights into whether a broker can deliver full support when you need it most.
    customer_support chart

    ThinkMarkets earned a perfect score in the Customer Support category. It offers 24/7 support, with offices in London, Melbourne, Johannesburg, and Tokyo. The support team can be reached over the phone, via email, or via live chat.

    For general questions, such as how to open an account or how long it takes for a withdrawal request to clear, clients of ThinkMarkets can turn to the dedicated FAQ section of the website. Though, we found it to be somewhat lacking depth. And for more specific questions, you can turn to one of the other channels. Help is available in 15 different languages, including English, German, Spanish, Japanese, Thai, and Chinese.

    ThinkMarkets’ Customer Support Test

    When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.

    We conducted our test of ThinkMarkets on 20 March at 4:00 pm CET via live chat inquiring into the differences in safety mechanisms afforded by each of the broker’s entities. An agent connected to the chat just seconds afterward. His answers were adequate and straight to the point.

    You can contact the support team by clicking the live chat button at the bottom-right corner of the main page. In addition to the built-in chat option, you can text them on Messenger and Telegram. Before getting connected to an agent, you must fill in your name, email address, and country of residence.

    Our conversation with ThinkMarkets’ support team

    Deposit and Withdrawal

    How Did We Test the Broker's Deposit and Withdrawal Process?
    The deposit or withdrawal process can be tricky since you may encounter hidden fees or longer than expected processing time. To assess the broker's offerings, we examined their deposit and withdrawal options and conditions. Using our proprietary database, we then compared these results with those of other brokers.
    deposit chart

    ThinkMarkets scored very highly in the Deposit and Withdrawal category. The broker does not charge any handling fees for deposits and withdrawals, though third-party banking fees may apply subject to the selected payment method. Clients of ThinkMarkets can transfer funds using bank wire, e-wallets, and cryptocurrencies. Transfers are processed fairly quickly.

    ThinkMarkets Deposit Methods

    Method Available Currencies Estimated Transaction Time Fees
    Wire Transfer AUD, EUR, CHF, GBP, USD 1-3 Business Days $0*
    Visa/Mastercard AUD, EUR, CHF, GBP, USD Instant $0*
    Neteller USD, EUR, GBP, JPY, AUD Up to 24 hours $0*
    Skrill AUD, EUR, CHF, GBP, USD Up to 24 hours $0*
    Cryptocurrencies BTC, ETH, USDT, BCH, XLM, LTC, EOS, DASH, USDC, XRP, TRX, BUSD Up to 24 hours $0*
    Perfect Money EUR, USD, BTC Up to 24 hours $0*

    *ThinkMarkets does not typically charge any internal handling fees for deposits and withdrawals, though third-party banking fees may be applied.

    ThinkMarkets Withdrawal Methods

    Method Available Currencies Processing Times Fees
    Wire Transfer AUD, EUR, CHF, GBP, USD Usually within 24 hours $0*
    Visa/Mastercard AUD, EUR, CHF, GBP, USD Usually within 24 hours $0*
    Neteller USD, EUR, GBP, JPY, AUD Usually within 24 hours $0*
    Skrill AUD, EUR, CHF, GBP, USD Usually within 24 hours $0*
    Cryptocurrencies BTC, ETH, USDT, BCH, XLM, LTC, EOS, DASH, USDC, XRP, TRX, BUSD Usually within 24 hours $0*
    Perfect Money EUR, USD, BTC Usually within 24 hours $0*

    *ThinkMarkets does not typically charge any internal handling fees for deposits and withdrawals, though third-party banking fees may be applied.

    ThinkMarkets usually processes withdrawal requests within 24 hours, though it may take between 1 and 7 business days for the funds to be transferred. It depends on the chosen payment method.

    The broker does not charge deposits or withdrawals, though you might have to pay any third-party banking fees. For instance, international bank transfers cost $25 on a minimum withdrawal amount of $100.

    Account Types and Terms

    How Did We Test the Broker's Account Types and Terms?
    When it comes to achieving your trading goals, choosing the proper account is essential. We initiated our evaluation by personally opening an account with the broker, which allowed us to gain firsthand experience of the process and accurately asses, how fast and easy it is. In addition, we carried out an in-depth analysis of the account types and features offered by the broker, including spreads, maximum leverage, minimum deposits, and more. For a comprehensive comparison, we turned to our proprietary database and examined how this broker's account offerings and processes stacked up against other brokers.
    account chart

    ThinkMarkets also performed very well in the Account Types category. The broker offers two retail account types – Standard and ThinkZero – with different pricing models. These accommodate most trading strategies. ThinkMarkets also affords swap-free (Islamic) accounts.

    Traders can choose between several base currencies for their accounts – EUR, USD, GBP, SGD, CHF, and AUD. Both account types afford free VPS hosting, though users are required to trade at least 15 lots per month. Additionally, the client portal is protected by a two-step authentication.

    ThinkMarkets reminds you to test your skills before jumping to live trading

    Why is Choosing the Right Account Type Important?

    Your account should reflect your goals, needs, and ambitions on the market. If you have modest means and plan to be opening smaller-sized positions more frequently, then you should better choose an account that does not have any fixed commissions per traded volume. In contrast, if you expect to be placing much larger orders less frequently, then you should be more preoccupied with finding an account with tighter spreads and be less concerned with fixed commissions.

    What Account Types Does ThinkMarkets Offer?

    Account Type Standard ThinkZero
    FX Spreads Floating from 0.4 pips Raw from 0.0 pips
    Average Spreads 1.2 pips 0.1 pips
    Commission 0* $3.5 per side
    Metal CFDs Spreads From $0.20 From $0.08
    Index CFDs Spreads From 0.4 points From 0.4 points
    Minimum Account Balance 0 $500

    *Except for South African CFD shares

    In addition to the fee differences between the two accounts mentioned above, it is also worth considering that the ThinkZero account charges a commission only on FX pairs and metals. Hence, it is by far the better choice for those interested in trading other markets because of the raw spreads. However, the one major drawback of the ThinkZero account is that it does not support the ThinkTrader platform.

    Most importantly, the two account types have no minimum stop-loss/take-profit requirements. That means that traders can place extremely tight stop-loss and take profit orders (close to the entry price), allowing them to cap their trading risk more effectively.

    What is CFD Leverage?

    The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.

    ThinkMarkets Account Opening Process

    We have broken down the account registration process with ThinkMarkets below:

    • Step 1. Click the ‘Create Account’ button at the top-right corner of the main page and then ‘Create live account’.
    • Step 2. Fill in your personal information, including your nationality, country of residence, name, etc.
    • Step 3. Fill in the confirmation code you receive in your email.
    • Step 4. Fill in your address info.
    • Step 5. Select your preferred trading platform, account type, base currency, and maximum leverage.
    • Step 6. Fill in your financial information, such as your employment status, annual income, and trading experience.
    • Step 7. Verify your identity by uploading copies of your passport or driver’s license (back and forward sides).
    A part of the account creation process with ThinkMarkets

    Why is a Demo Account Important?

    Demo accounts serve a twofold purpose. They introduce traders to a broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment afforded by your demo account.

    ThinkMarkets Supported Countries

    The services provided by TF Global Markets Int Limited are not directed to traders from the United States, Canada, the European Union, Australia, the United Kingdom, and Japan. If you are a resident of either of these jurisdictions, please refer to one of the other entities operated by ThinkMarkets.


    How Did We Test the Broker's Research Tools?
    Research options offered by brokers may not be seen as the most important feature for some traders, but they can provide a competitive advantage. To assess the broker's research offerings, we personally explored and tested both proprietary and third-party tools and content, such as Fundamental and Technical Analysis, Market News, educational videos, and webinars. After evaluating the availability and quality of the overall research offering, we compared the results with our benchmark to provide a comprehensive analysis of the broker's research capabilities.
    research chart

    We awarded ThinkMarkets a high mark in the Research category. The broker offers its clients a vast array of research materials, such as trading news and ideas, market breakdowns, special reports, and others. Content is published regularly and affords a deep and penetrating overview of current market developments. We evaluated it to be suitable for both beginners and advanced traders.

    The bulk of ThinkMarkets’ research content is published in a video format on the broker’s YouTube channel. This makes it easily accessible even to newbie traders. Most attention is given to the technical side of things, which has to do with examining price action behavior.

    ThinkMarkets’ analysts also review the fundamental and psychological sides of trading, which is important for providing the reader with a comprehensive breakdown of the underlying trading opportunity, including an explanation of what causes it and what the main associated risks are.

    Think Markets’ trading breakdowns

    Research Tools

    We have broken down ThinkMarkets’ research content by category:

    • Economic calendar. The economic calendar is a trader’s bread and butter when it comes to research content. Traders refer to a broker’s calendar to inform themselves about upcoming market events, such as economic releases and policy decisions. These can cause a significant market reaction, providing a good trading opportunity.
    • Market news and analyses. ThinkMarkets’ contributors provide regular market breakdowns and more sophisticated analyses. These are helpful as they inform traders of current trading opportunities by underscoring their technical, fundamental, and psychological aspects.
    • TrendRisk scanner. This tool was mentioned in the Platforms segment of this review. Unlike conventional trading ideas-type content, the scanner is incorporated directly into the ThinkTrader platform so that traders can test the suggestions right away. The scanner tracks multiple instruments and provides information, such as where to enter into a trade, where to place a stop-loss, and where to close the position. But even more importantly, the TrendRisk scanner calculates the suggested trades’ underlying risk/reward ratio.
    • Myfxbook. This third-party tool is only available to clients of ThinkMarkets who have MT4 accounts with a minimum balance of $1000. Myfxbook is one of the biggest social trading networks for forex traders. Traders can exchange ideas, copy others’ positions, and much more on the platform.
    ThinkMarkets’ special reports


    How Did We Test the Broker's Education Offering?
    Gaining knowledge about trading in the financial markets can make the difference between success and failure. To assess the broker's educational offerings, we personally tested and evaluated the quality of the content provided, considering its relevance for both novice and experienced traders. We explored the range of materials available, such as articles, videos, webinars, and courses. After evaluating the content's volume, update frequency, and overall quality, we compared the results with our benchmark to provide a well-rounded analysis of the broker's education offerings.
    education chart

    ThinkMarkets scored above average in the Education category. It has a rich and diverse collection of videos, articles, and other types of educational content catering to the needs of beginner traders. However, ThinkMarkets’ materials mostly underscore the basics of trading without delving deeper, which is why we found them unsuitable for more advanced traders.

    In addition to the more than 50 educational videos that can be accessed via ThinkMarkets’ YouTube channel, we found the ‘Indicators & Chart Patterns’ section of the website to be especially useful for beginner traders. It contains information about more than 50 indicators and patterns, including what they mean, how they are used, and more. These descriptions are supported by images and practical examples.

    The collection perfectly suits chart artists wanting to master technical analysis and combines with the ThinkTrader platform’s vast array of technical indicators.

    ThinkMarkets provides a three-part educational course for traders with different experience levels

    The Bottom Line

    ThinkMarkets is a very well-balanced Over-the-Counter (OTC) derivatives broker with licenses by some of the most trusted financial regulators in the industry and services catering to the needs of all kinds of traders. Since its establishment in 2010, the broker has grown into a globally recognized brand with few shortcomings and many benefits.

    ThinkMarkets offers over 4000 tradable instruments at generally low costs. We checked the combinations of spreads and commissions on its two account types – Standard and ThinkZero – and found them very competitive and below the industry average. The broker should also be praised for its excellent ThinkTrader platform, which offers an impressive amount of tools and features that can satisfy every taste.

    The one area in Think Markets’ service that can still be improved upon is its educational content. The broker offers very diverse and highly informative materials on technical analysis, but not many materials are dedicated to studying fundamental analysis or the psychology of training.

    Overall, ThinkMarkets’ offering is very sophisticated and caters to the needs of beginners and advanced traders alike. It accommodates both high-frequency and high-volume trading and a wide variety of strategies falling under these two categories.


    Think Markets is headquartered in Melbourne, Australia, and has offices in the UK, Cyprus, Japan, Seychelles, and elsewhere.
    The company is fairly safe and transparent. It has top-tier regulations, adheres to the most stringent safety procedures, and has a well-established brand name.
    Yes, beginners can take advantage of its diverse account types, highly functional platforms, and competitive fees. Think Markets also offers excellent educational content, particularly with regard to technical analysis.
    There is no minimum deposit, though the ThinkZero account requires a minimum account balance of $500.
    Clients of Think Markets can withdraw funds from their trading accounts using a bank card, wire transfer, or e-wallet.
    Think Markets usually processes all withdrawal requests within 24 hours, though it may take between 3-7 business days for the funds to arrive.
    The maximum leverage for retail traders is 1:500. How do I open an account with Think Markets? Accounts can be opened from the main page of the website.
    Retail traders can choose between MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the ThinkTrader proprietary platform.
    With its commission-free trading, low floating spreads, and fast order execution, Think Markets is suitable for scalping.
    Yes, traders can use MetaTrader’s Expert Advisors (EAs) feature to automate their trading.
    Yes, traders can hedge with Think Markets. Is Think Markets suitable for spread betting? No, spread betting is not available.
    Yes, it is offered to its clients for free when they trade more than 15 lots per month.
    Depends on the particular asset class. For instance, the Forex market is open 24/5, whereas shares of U.S. companies can be traded during the New York Stock Exchange (NYSE) open – Monday to Friday from 09.30 a.m. to 4 p.m. EST.
    No, Think Markets operates on a No-Dealing-Desk (NDD) basis. It obtains its liquidity from other financial institutions.
    No, it does not.

    See ThinkMarkets Full Information

    Headquarters CountryAustralia
    Foundation Year2010
    RegulationsFSA (Seychelles), ASIC (Australia), FCA (United Kingdom), JFSA (Japan), FSCA (South Africa), CySEC (Cyprus), FSCM (Mauritius), CIMA (Cayman Islands)
    Publicly TradedNo
    Number Of Employees201
    Trading Desk TypeNo dealing desk
    Trading PlatformsMT5, Proprietary, MT4
    Restricted Countries
    Austria, Bulgaria, Canada, Croatia, Czech Republic, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Hungary, Poland, Romania, Greece, United States, Slovakia, Australia, United Kingdom, Sweden, Slovenia, Belgium, Denmark, Japan, Malta, Netherlands, Portugal, Ireland, Spain, Afghanistan, Samoa, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Myanmar, Burundi, Cape Verde, Central African Republic, Chad, Cuba, Democratic Republic of the Congo, Eritrea, Guinea-Bissau, Guinea, Guyana, Haiti, Iran, Cote dIvoire, Kyrgyzstan, Laos, Liberia, Libya, Malaysia, Mali, Mozambique, Namibia, Nauru, New Caledonia, Nicaragua, Niger, North Korea, Northern Mariana Islands, Puerto Rico, Congo, Russian Federation, Sierra Leone, Somalia, Sudan, Tajikistan, Togo, Turkmenistan, Uganda, Vanuatu, Yemen, Zimbabwe
    Supported Languages
    English, Indonesian, Portuguese, Thai, Polish, Czech, Arabic, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, Malaysian, German
    Min Deposit$0
    Max Leverage1:500 (FSA), 1:30 (ASIC), 1:30 (FCA), 1:25 (JFSA), 1:500 (FSCA), 1:30 (CySEC ), 1:3000 (FSCM), 1:250 (CIMA)
    Deposit OptionsCryptocurrencies, PerfectMoney, Wire Transfer, Skrill, Neteller, Visa, Mastercard
    Withdrawal OptionsWire Transfer, Cryptocurrencies, Neteller, Skrill, PerfectMoney, Visa, Mastercard
    Time to Withdrawal4
    Time to Open an Account9
    Ethereum, Monero, Bitcoin, Litecoin, Ripple, Dash, Cardano, Stellar, Polkadot
    Currencies, ETFs, Crypto, Indices, Commodities
    Demo AccountYes
    OCO OrdersNo
    Offers HedgingYes
    Automated TradingYes
    API TradingNo
    Guaranteed Stop LossNo
    Guaranteed Limit OrdersNo
    Guaranteed Fills / LiquidityNo
    Economic calendarYes
    Trading From ChartYes
    One-Click TradingYes
    Expert AdvisorYes
    Social TradingNo
    Trading SignalsNo
    Platform Languages
    Portuguese, Chinese, Arabic, Thai, Vietnamese, English, German, Japanese
    24 Hours SupportYes
    Support During WeekendsYes
    Live ChatYes
    Daily Market CommentaryYes
    News (Top-Tier Sources)Yes
    Deposit FeeNo
    Withdrawal FeeNo
    Inactivity FeeNo

    About the Author

    Plamen StoyanovBroker Analyst

    Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

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