ThinkMarkets is an online Contact for Difference (CFD) broker established in 2010 with its headquarters in London. They are well-regulated and provide a wide range of financial instruments. However, traders do not have access to real stocks on this broker.
They offer a proprietary trading platform for desktop and mobile in addition to MT4 and MT5. They also offer relatively affordable fees. Our ThinkMarkets review covers all you need to know about this broker and includes user comments about their service on various platforms.
- No Deposit or Withdrawal Fees
- Tight Spreads for ThinkZero Accounts
- Islamic Account Available
- Offers MetaTrader 4 & 5
- Excellent Customer Service
- Account Manager Unavailable for Standard Accounts
- Real Stocks not Available to Traders in UK
- Trading Terminals are Prone to Lags
ThinkMarkets has many financial assets for its customers to trade. Overall, they have about 4,000+ financial instruments which consist of 350+ ETFs, 12+ futures, 3,500+ CFD shares, 20+ cryptocurrencies, 13+ indices, 45+ forex pairs, and 12+ commodities. Next, in our ThinkMarkets review, we will cover all the assets provided by this broker.
There are over 3500+ CFD stocks available on ThinkMarkets. With CFD stocks, traders on ThinkMarkets can speculate on the market value of several popular companies without owning an actual stake. Some stocks available on ThinkMarkets include Apple, Netflix, Google, and Amazon. In addition to CFD stocks, ThinkMarkets also allows traders resident in Australia to invest in 3,100+ real shares. Unlike CFD share trading, clients of this broker who buy and sell real stocks will also become shareholders of organizations where they purchase stocks.
ThinkMarkets allows its customers to trade up to 13+ indices on Metatrader 4 & 5 and the ThinkTrader platform. Among the many indices listed, this broker offers Nikkei 225, German DAX 30, Nasdaq, and France CAC 40.
Traders who use ThinkMarkets as their broker of choice can select between 45+ forex pairs. The broker offers major, minor, and exotic pairs. Users with a live account can pick and trade any of these available instruments.
On ThinkMarkets, customers can choose from more than 12 commodities for trading. These assets range from rare metals such as Gold, Silver, and Platinum to energy commodities like US Crude Oil and Brent Crude Oil.
ThinkMarkets’ cryptocurrency offering is relatively large compared to many of its competitors. This broker allows traders to buy and sell up to 20+ coins including Bitcoin, Ethereum, Cardano, and Solana.
There are 350+ ETFs available on ThinkMarkets. Traders who specialize in trading this particular financial asset can select from a long list which includes BMD, CAMDEN PROPERTY, and DRAGONEER.
Stock Trading at ThinkMarkets
The stock options available to clients of this broker vary depending on their country of residence. While traders from Australia will enjoy access to real and CFD stocks, most other countries will only be permitted to trade CFD stocks. On ThinkMarkets, traders will be free to choose from a long list of over 3,500 CFD stocks.
In this part of the ThinkMarkets review, we provide you with all the information you need about stock trading with this broker. We list all the available stock exchanges they offer and outline their stock trading fees and commissions.
Available Stock Exchanges at ThinkMarkets
Majority of ThinkMarkets traders will only be able to trade CFD stocks. However, those that reside in Australia will be provided with a real shares investment option. There are several exchanges available on ThinkMarkets. As part of our review, we list all of them below.
|Available Exchanges on ThinkMarkets
||American Stock Exchange
||AX Australian Securities Exchange
||Deutsche Borse (XETRA)
||NASDAQ OMX Helsinki
||Johannesburg Stock Exchange
||BME Spanish Exchange
||Milan Stock Exchange
||New York Stock Exchange (ARCA)
Stock Trading Fees & Commission at ThinkMarkets
For CFD stocks, the only fees charged by ThinkMarkets are the spreads and an overnight funding charge. However, for traders based in Australia who wish to buy and sell real shares, there is an attached fee of $8 per trade for trades less than $200,000. Trades of a higher amount will command a fee of 0.05%. For individuals that opt for a phone order, ThinkMarkets charges $27.50.
Stock Trading Leverage at ThinkMarkets
Leverage on ThinkMarkets for stocks varies depending on the specific share being traded. This figure can be up to 1:10 for stocks such as ADOBE, ACCOR, and AirBNB or as low as 1:3.33 for shares like APPLE, BLOCK, and CANON.
ThinkMarkets is regulated by the FCA (UK), FSA (Seychelles), ASIC (Australia), JFSA (Japan), FSCA (South Africa), CMA (Cayman Islands), FSCA (South Africa) and CySEC (Cyprus). As part of this broker review, we list out all its various subsidiaries, addresses, and company numbers.
TF Global Markets International Limited: Located at CT House, Office 9B, Providence, Mahe, Seychelles, this entity is authorized and regulated by the FSA.
- Firm Reference Number: SD060
- Company number: 8424818-1
TF Global Markets Europe Limited: Located at Office 301, 3rd floor, Pamelva Court, 3105 Limassol, Cyprus. This entity is regulated by CySEC.
- Company number: 321503
- License number: 215/13
TF Global Markets (UK) Limited: Located at Hana 4th floor, 70 St. Mary Axe, London EC3A 8BE. It is regulated by the FCA.
TFG Payments Ltd (UK): Located at Hana 4th floor, 70 St. Mary Axe, London EC3A 8BE.
Think Capital Services UK Ltd: Located at Hana 4th floor, 70 St. Mary Axe, London EC3A 8BE.
TF Global Markets (Aust) Pty Ltd: Located at level 18, 357 Collins Street, Melbourne, VIC, Australia 3000. It is regulated by ASIC.
- Australian Financial Services License Number: 424700
Think Capital Limited: Located at Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. The entity of the broker is not licensed by the Bermuda Monetary Authority, and does not provide any products and services under the Digital Asset Business Act 2018.
TF Global Markets (South Africa) Pty Ltd: Located at Gwen Lane, Sandown, Sandton, 2031. It is regulated by the FSCA.
- Registration number: 2017/098181/07
Fees and Commissions
ThinkMarkets charges various fees and commissions on trading and non-trading activities. In this section, we review all the charges that users of this broker are required to pay while using its platforms.
Spreads on ThinkMarkets are not fixed. These figures tend to fluctuate based on the current state of the market and the financial asset that is traded. Also, the spreads available to users of this broker depend on the specific account type. ThinkMarkets spreads can be as low as 0.0 pips on some forex pairs for clients that operate a ThinkZero account. However, other account types may be charged for a similar trade.
Traders who have a standard account do not pay any commission. However, those with a ThinkZero account will be charged $3.5 per side lot on forex pairs and Metals.
Rollover Rate/Swap Fees
ThinkMarkets charges a rollover/swap fee for trades held overnight by its customers. These fees are usually collected on all its CFD instruments, including forex, indices, commodities, shares, and cryptocurrencies.
For traders in Australia who trade real shares, ThinkMarkets charges a brokerage fee. This figure is set at $8 for trades below $200,000. However, for larger amounts, the brokerage fee is 0.05% of the total trade.
This broker does not charge its clients for deposits, withdrawals, account opening, or subscriptions. But it charges an inactivity fee.
When a trading account does not have any trading activities over a period of at least 90 days, ThinkMarkets may charge an inactivity fee.
ThinkMarkets offers traders four different account types – Standard, ThinkZero, Joint, and Islamic. Each of these accounts has its peculiar features and in this section of the review, we will go into detail regarding what to expect from these account types.
A demo account enables traders to engage in risk-free trading. ThinkMarkets provides this account for its clients to learn and sharpen their trade strategies without fear of losing real money. The ThinkMarkets demo account can be used on MetaTrader 4 and 5 as well as ThinkTrader. It offers a $25,000 virtual balance for clients to experiment with.
Owners of a standard account will have access to all of this broker’s financial assets for trading. This account type has a minimum operating balance of $0 and offers spreads as low as 0.4 pips on some forex pairs. The maximum leverage for standard account holders is 1:500 and the highest tradeable size is 50 lots. One major drawback of a ThinkMarkets standard account is that traders will not have access to a personal account manager.
A ThinkZero account provides the lowest spreads of all the account types. Traders who use this account can receive spreads as low as 0.0 pips on some forex pairs. Like with standard accounts, ThinkZero users have access to maximum leverage of up to 1:500. However, traders must maintain a balance of at least $500 to continue running their accounts. Furthermore, ThinkZero provided a maximum tradeable size of 100 lots and a personal account manager. Clients who wish to operate this account type must make use of MetaTrader as ThinkZero is not yet available on the ThinkMarkets proprietary platform.
A joint account type allows more than one individual to have ownership privileges. All owners of the account will be able to deposit and withdraw funds and place trades.
For traders and regions who need to be in compliance with the Sharia laws, ThinkMarkets provides an Islamic account. This account is completely swap-free and maintains similar features to a standard account. However, owners of this account type will be required to pay an administrative fee for cryptocurrency positions held beyond one week.
ThinkMarkets offers several platforms, including Metatrader 4 and 5, a web application, and a mobile application. Users who wish to trade using ThinkTrader, the broker’s proprietary platform, can do so via their desktop or Android or iOS mobile device. Here in this review, we explain all the notable features of the ThinkMarkets trading platforms for desktop and mobile. We also outline the sign-up process for both devices.
Desktop Trading Platforms
The ThinkTrader desktop platform provides diverse features, including an economic insights calendar, news, and indicators. It also offers the option of added security with two-factor authentication. All these attributes are well explained below:
On the desktop application, ThinkMarkets users can access information regarding economic events that could influence their sentiment analysis. All events are well organized according to dates and clients can view current and past activities.
The news feature lets customers who have an account with this broker know the various happenings across different sectors of the global economy.
There are many indicators available on the ThinkTrader desktop application. Users can access these indicators through the Studies tab. Some of the indicators available include Bollinger Bands, Chaikin Volatility, and Coppock Curve.
On desktop, ThinkMarkets users can choose either Market, Limit, and Stop Orders.
Two-factor Authentication (2FA)
The desktop application provides an extra layer of security through two-factor authentication. To enable this feature, clients will need to click on Settings and select the Trading tab.
How to Open an Account with the ThinkMarkets Desktop Application
- At the top-right corner of the ThinkMarkets website, click “Create Account”
- Choose between a Live and a Demo account
- Next, you will be directed to the ThinkMarkets Client Portal where you will enter your country of residence and nationality
- Fill in your personal information
- Verify your email address
- Fill in your contact and address information
- Select the ThinkTrader App from the available options
- Enter your financial details
- Indicate your experience level
- Verify your identity by uploading a passport or both sides of either a driver’s license or national identity card
- Select Accounts from the menu and then funding. There, you can click on Deposit and choose your preferred method
- Once your account is funded, you can place trades by choosing a financial instrument, and clicking on either buy or sell.
ThinkTrader on mobile offers a convenient way for users of this broker to participate in CFD trading. The features of this mobile application are outlined below:
The ThinkTrader app’s alarm feature lets users select triggers that enable them to be notified when specific activities take place. For example, clients can set an alarm for when the price of an asset reaches a particular point.
With the Calendar feature, traders using this application can stay informed on upcoming events that could have an impact on price action in the financial markets.
ThinkTrader Mobile curates all the latest happenings from highly reliable sources to enable traders to make better-informed decisions. All these details can be found by selecting the news tab.
There is a vast array of indicators available to ThinkMarkets users who trade via its mobile app. ThinkTrader Mobile provides indicators such as Aroon, Average Range, and Automatic Trendline to simplify the trading process and help beginners and experienced traders to perform their technical analysis with ease.
On the ThinkTrader mobile app, clients can select between Market, Limit, and Stop Orders.
How to Open an Account with the ThinkMarkets Mobile Application
- Visit the Google PlayStore or App Store, search for, and download ThinkTrader
- After opening the app, create a new account by selecting between Demo and Live account options
- Enter your email address and type in a password
- Fill in your personal data, which includes your full name, date of birth, phone number, and address
- Enter your account details
- Fill in your financial details
- Indicate your trading experience level
- Read all the legal documents and accept the terms of business
- Verify your identity by submitting a photo ID, and proof of residence
- In the Watchlists tab on the mobile app, select Deposit Funds, and choose your preferred funding method.
- After funding your account, you can search from ThinkMarkets list of available financial instruments and place an order in the Watchlist Tab.
In this section of the ThinkMarkets review, we will outline all the deposit and withdrawal methods for this broker. We will also discuss any related fees as well as the processing times for both activities.
For deposits, ThinkMarkets provides several options such as bank transfers, credit cards, debit cards, cryptocurrencies, and e-wallets like Neteller, Skrill, and Perfect Money. However, not all options are available to every user of this broker. The exact payment methods a trader can use depends primarily on their country of residence. Deposits made with credit card and debit card may reflect instantly, while bank transfers typically take between 1 to 3 business days. For other methods including cryptocurrencies and e-wallets, deposits are usually credited to a customer’s account within 24 hours. The broker does not have a minimum deposit amount for its standard account. However, users who operate a ThinkZero account are expected to maintain a $500 operating balance.
The various deposit methods and their average transaction times are listed in the table below:
||1 – 3 business days
|Credit card and Debit card
Withdrawals on ThinkMarkets are only allowed via the same deposit method. For credit card and debit card withdrawals, funds with this broker can only be transferred to the same credit card and debit card used for deposits if the deposit period has not exceeded 180 days. With cryptocurrencies, payments must be processed using USDT or bank wire.
ThinkMarkets does not charge any withdrawal fees. But they can charge fees on withdrawals or deposits coming from an account that has been inactive. Barring third-party factors, most withdrawals take about 24 hours to get processed. However, bank wires take longer, typically between 1 to 7 business days.
Account Base Currency
This broker offers several account base currencies such as AUD, NZD, USD, EUR, GBP, SGD, CAD, and CHF. The specific account base currencies available to traders with any of these platforms depends on their country.
Research and Education
ThinkMarkets offers its customers several step-by-step guides to help them understand CFD trading better. These guides touch base on several areas ranging from beginner topics such as “How to Trade” to more advanced subjects like Fibonacci Ratios and Market Participants. They also provide articles for traders on the DAX 40 Stock Index and Popular Forex Strategies.
This broker has a trading glossary where its users can find the meaning of commonly used financial market terms. In addition to this, they provide an in-depth tutorial on various candlestick patterns and how traders can identify them.
Traders who use ThinkMarkets will have access to daily market news on the latest events that could affect price action and an economic calendar to enable them to plan and carry out an effective analysis.
Our review shows that ThinkMarkets has a robust customer support mechanism consisting of a live chat option, email, and phone number. All ThinkMarkets users can forward their complaints to email@example.com. In addition, they can use the live chat option to receive instant feedback on challenges encountered while using the platform. This broker can be reached via +44 203 514 2374(UK) or +61 3-9093-3400 (Australia).
On the ThinkMarkets website, there is an FAQ section where answers have already been provided to several issues commonly faced by customers of this broker. Traders can also access this page whenever they have any difficulties. Finally, you can contact ThinkMarkets through its social media pages on Facebook, Twitter, and LinkedIn.
In this section of our ThinkMarkets review, we look at the general perception of this broker by various users. Below, we provide information about what ThinkMarkets’ users are saying about its services on Reddit, Quora, TrustPilot, and ForexPeaceArmy.
What Reddit Users Say About ThinkMarkets
Reviews on Reddit regarding ThinkMarkets generally highlight its relatively affordable price per trade compared to its competitors. In addition, Reddit users also seem to favor the availability of instant transfer methods such as POLI on ThinkMarkets’ platform. However, there were a few complaints about the complexity of their proprietary trading application.
What Quora Users Say About ThinkMarkets
On Quora, there are conflicting reports about ThinkMarkets. While some Quora users claim the broker is genuine, others believe that it is fraudulent, with some users even claiming to have been defrauded while using this broker’s platforms.
TrustPilot Users’ Review About ThinkMarkets
On TrustPilot, ThinkMarkets has a rating of 3.7 from 136 different reviews. Overall, most comments about this broker on the site are positive. Many TrustPilot users regard the broker as reliable and praise its interface as easy to understand.
However, one particular user had complaints about ThinkMarkets for cryptocurrency trading, claiming that it offers much higher spreads compared to other brokers.
ForexPeaceArmy Users’ Review About ThinkMarkets
ThinkMarkets has an average rating of 3.196 from 181 different reviews.
Users of ForexPeaceArmy consider this broker to be reliable, especially its ThinkMarkets zero account which offers much lower spreads on all its available financial instruments.
Despite this, a few users have also expressed dissatisfaction with the fund withdrawal process and cited instances where their trades were suddenly closed.
Other Products and Services
ThinkMarkets offers several other products and services. Below, we list all these offerings and what you can benefit from them.
ThinkMarkets has an affiliate program, ThinkAffiliates, which provides an opportunity for people with an active following across several social media platforms to earn some income from their social capital. It is a scheme where you will receive a commission upon every successful recommendation for every successful referral who creates a live account and places a trade using this broker. ThinkAffiliates is free and available to individuals and corporate entities.
Introducing Brokers Program
The IBs program positions ThinkMarkets to work with introducing brokers. It offers an endless number of referral campaigns and a highly reliable trading platform for clients.
This program is designed for traders with a proven track record of success and a high amount of knowledge about the financial markets. With ThinkInvest, experienced traders who wish to profit from their skills will be provided with a platform where potential investors will be able to monitor their trading activities and contact them to manage their funds. Traders on this platform can decide their minimum starting capital and their rate for services rendered.
White Label Program
Individuals or companies who wish to delve into the Forex business by becoming brokers can build their brands using the White Label Program. Brokers will have their brands and be able to run their websites. However, ThinkMarkets will facilitate this process and reduce startup costs by providing extensive back-office assistance and helping with administrative activities. In addition, they will deliver training, customer support, and a world-class trading platform where clients can manage their trades.
Is ThinkMarkets Safe?
ThinkMarkets employs a number of safety protocols to ensure that its client’s funds are protected. First, they are regulated by several financial and investment regulatory bodies across several countries, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), and FSA (Seychelles). This broker also keeps traders’ funds separately in highly reliable banks such as Barclays Bank, and the Commonwealth Bank of Australia. In addition, ThinkMarkets also has a strict anti-money laundering policy in place. They follow all the steps outlined in the anti-money laundering of the Financial Action Task Force (FATF).
ThinkMarkets is a broker that offers a large array of financial assets including ETFs and cryptocurrencies which are not commonly offered by most brokers. There are several positives to opting for this broker, including its multiple account types, free deposits and withdrawals, and the ability to use the popular MetaTrader platform. However, users of ThinkMarkets may have to be wary of the lag times with the broker’s trading terminal and the absence of real stocks for non-Australian residents.
With regards to ThinkMarkets’ safety, they can generally be regarded as a trustworthy broker as they are regulated by agencies in the UK, Japan, South Africa, Mauritius, Seychelles, Australia, and Cyprus. They also have an anti-money laundering policy in place to ensure that user funds are safeguarded from financial misappropriation.
ThinkMarkets’ spreads can be considered to be relatively low. Spreads on this broker can be as small as 0 pips on some forex pairs for traders who have a ThinkZero account. However, they do not charge any commissions. Traders who use this broker are only expected to pay for spreads and rollover/swap fees. ThinkMarkets allows traders resident in Australia to buy and sell real stocks for a fee of $8 per trade (for trades below $200,000).
They have a robust customer service structure. Customers can tender any complaints they have to firstname.lastname@example.org, use their live chat option, or reach out to them via their Facebook, Twitter, or Linkedin pages. ThinkMarkets has several resources for newbies and experienced traders. They provide a step-by-step guide, a glossary, and daily market news to assist their clients in gaining mastery of the financial markets.
Deposits and withdrawals at ThinkMarkets are also relatively easy. This broker offers several payment methods such as credit cards, debit cards, bank transfers, and e-wallets. For most transactions, clients can expect their funds within 24 hours. However, for bank transfers, this may be slightly longer.
Q & A
ThinkMarkets is a Straight-Through-Processing (STP) contract for difference (CFD) broker. Registered users on ThinkMarkets can participate in derivative trading and speculate on the prices of various assets including currency pairs, shares, ETFs, and commodities.
ThinkMarkets is regulated in multiple countries, including South Africa, Australia, Mauritius, Japan, Cyprus, Seychelles, the Cayman Islands, and the United Kingdom.
ThinkMarkets login process is easy. All you need to do is open the ThinkTrader web or mobile application, select login, and type in your email and password.
Yes, they do. ThinkTrader, the ThinkMarkets proprietary platform is available as a web and mobile application.
ThinkMarkets offers shares trading to its clients. ThinkMarkets global customers have access to over 3,500 CFD stocks, while clients in Australia can trade over 3,100 real shares.
Yes, you can. ThinkMarkets offers 20+ cryptocurrencies on its platform.
ThinkMarkets does not have a minimum deposit amount.
Yes, they offer the MT5 trading platform in addition to MT4 and ThinkTrader.
ThinkMarkets has five account types which include: Demo, Standard, ThinkZero, Joint, and Islamic accounts.
ThinkMarkets fees are relatively low. The fees for each customer depends largely on the account type. For example, while ThinkZero account holders may not pay for spreads, they may be charged $3.5 per side lot on forex pairs and metals.
Australian residents who trade real stock pay a commission which is set at $8 for trades below $200,000. However, for higher amounts, this figure is set at 0.05% of the total trading volume.
Spreads on ThinkMarkets can be as small as zero on some forex pairs for holders of a ThinkZero account.
Withdrawals on ThinkMarkets usually take 24 hours to reflect. However, bank transfers may take slightly longer and could require up to 1 to 7 business days.
No, ThinkMarkets does not offer copy trading.
The maximum leverage to trade shares on ThinkMarkets is 1:10.
Yes you can. You can invest in ThinkMarkets CFD stocks as a global user. However, only Australian residents will be able to invest in real stocks.
ThinkMarkets offers career opportunities via its several partnership programs. You can join the ThinkAffiliates, ThinkInvest, Introducing brokers, or White Label programs.