ThinkMarkets Overall rating

	Rating	Weight
User Rating	4.2 (32 reviews)	3
Popularity	4.0	3
Regulation	5.0	2
Pricing rating	5.0	1
Features	Not rated	1
Customer Support	Not rated	1

We tested ThinkMarkets using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

ThinkMarkets, established in 2010, is a well-regulated broker with multiple licenses including CySEC (Cyprus), ASIC (Australia), FCA (UK), FSA (Japan), FSCA (South Africa), and FSA (Seychelles). With 30 user reviews, 28 from verified accounts, it boasts a high rating of 4.5 out of 5 and ranks 16th out of 1102 forex brokers based on user ratings and expert evaluations. The broker enjoys a significant web presence, drawing 642,576 organic visits monthly and ranking 44th in web traffic among forex brokers.

Despite its regulatory robustness and popularity, it is crucial to remember that even highly regulated and successful financial firms can face challenges. Therefore, investors should remain vigilant and consider all aspects of a broker's offering before committing funds.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
TF Global Markets (Aust) Limited	Australia - AU ASIC					30 : 1
TF Global Markets (Europe) Ltd	Cyprus - CY CYSEC		up to €20,000			30 : 1
TF Global Markets (UK) Limited	United Kingdom - UK FCA		up to £85,000			30 : 1
TF Global Markets (Japan) Ltd	Japan - JP FSA					25 : 1
TF Global Markets (South Africa) (Pty) Ltd	South Africa - ZA FSCA					2000 : 1
TF Global Markets Int Limited	Seychelles - SC FSA					2000 : 1
Think Capital Limited Bermuda						500 : 1

Deposit Insurance

ThinkMarkets offers various levels of deposit insurance depending on the regulatory jurisdiction. In the UK and Cyprus, client funds are protected by investor compensation schemes that cover a portion of the deposits if the broker fails. Specifically, the UK FCA and Cyprus CySEC regulations ensure that client money is segregated from the broker's operational funds, providing an additional layer of security.

However, this protection is not uniformly available across all regions where ThinkMarkets operates, such as Australia, Japan, South Africa, Seychelles, and Bermuda, where similar schemes are not in place.

Spreads and Costs

ThinkMarkets offers competitive average spreads, particularly in forex and commodities. The broker's average spreads are in line with or lower than those of some market-leading brokers. This makes ThinkMarkets an attractive option for cost-conscious traders. For example, their forex average spread is 1.83 pips, which is competitive in the market.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Swap Rates/Financing Fees

Swap rates, or financing fees, are the interest paid or received for holding a trading position overnight. Positive swap rates result in a payout, while negative swap rates incur a cost. ThinkMarkets offers competitive swap rates, with an average swap rate that is generally favorable compared to industry-leading brokers.

Does ThinkMarkets Offer Islamic/Swap-free Accounts?

Islamic or swap-free accounts are designed for traders who cannot receive or pay interest due to religious beliefs. ThinkMarkets offers swap-free accounts, allowing traders to hold positions without incurring or receiving overnight interest charges. To qualify, traders need to apply for the Islamic account option and provide necessary documentation to verify their eligibility.

Other Fees

Besides spreads and swap rates, ThinkMarkets charges various other fees:

Comparison to other Brokers

When comparing ThinkMarkets to other industry-leading brokers like IC Markets, Axi, and Vantage Markets, it stands out in several areas. ThinkMarkets offers competitive spreads in forex and commodities, a high level of regulatory oversight, and strong user ratings.

While it may not have the lowest crypto spreads, its overall cost structure remains attractive. The broker's high web traffic and established presence since 2010 further enhance its credibility and popularity among traders.

Trading Platforms - Mobile, Desktop, Automated

ThinkMarkets offers a range of trading platforms catering to different needs. ThinkTrader is the broker's proprietary platform, known for its intuitive interface and advanced charting tools.

MetaTrader 4 and 5 are popular choices among traders, offering extensive support for automated trading through Expert Advisors (EAs). The platforms support programming in MQL4 and MQL5, which are moderately easy to learn, allowing traders to create custom indicators and automated trading strategies.

What Can you Trade?

ThinkMarkets offers a broad range of tradable instruments, including forex, crypto, stocks, stock indices, commodities, ETFs, and futures. The broker provides over 3,500 stock CFDs and 46 forex pairs, catering to various trading preferences.

While real asset ownership is not available, trading CFDs allows for leverage, enhancing both potential gains and risks. Leverage enables traders to control larger positions with a smaller capital outlay, but it also amplifies potential losses. For more details on available instruments, visit the ThinkMarkets markets page.

Available Leverage

ThinkMarkets offers different leverage levels depending on the regulatory jurisdiction and the asset class. Retail clients in Europe, Australia, and the UK can access leverage up to 30:1, while clients in Japan have a maximum leverage of 25:1. In South Africa and Seychelles, the leverage can go up to 500:1, providing significant potential for larger trading positions. It's essential to choose leverage levels that align with your risk tolerance and trading strategy.

Prohibited Countries

ThinkMarkets cannot open client accounts for residents of several countries, including the United States and Canada. This is due to regulatory restrictions in these jurisdictions. It's advisable to check the broker's website for the most up-to-date list of prohibited countries to ensure you can open an account if you reside outside these regions.

ThinkMarkets Account types

	Standard	ThinkZero	Standard ThinkTrader	Mini
Commission	-	$3.50 Per Side Per 100K USD Traded	-
Maximum leverage	25:1 JFSA; 30:1 CySEC, FCA, ASIC; 500:1 Others			2000:1
Mobile Platform	MT4 Mobile, MT5 Mobile, Proprietary	MT4 Mobile, MT5 Mobile	Proprietary	MT4 Mobile, MT5 Mobile, Proprietary
Trading platform	MT4, MT5, Proprietary	MT4, MT5	Proprietary	MT4, MT5, Proprietary
Spread Type	Variable Spread
Minimum Deposit	0	500	0	10
Minimum Trade Size	0.01			-
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts				-

	Standard
Maximum leverage	25:1 JFSA; 30:1 CySEC, FCA, ASIC; 500:1 Others
Typical Spread	0.8
Trading platform	MT4MT5Proprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	ThinkZero
Commission	$3.50 Per Side Per 100K USD Traded
Maximum leverage	25:1 JFSA; 30:1 CySEC, FCA, ASIC; 500:1 Others
Typical Spread	0.0
Trading platform	MT4MT5
Mobile platform	MT4 MobileMT5 Mobile
Spread type	Variable Spread
Minimum deposit	500
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Standard ThinkTrader
Maximum leverage	25:1 JFSA; 30:1 CySEC, FCA, ASIC; 500:1 Others
Trading platform	Proprietary
Mobile platform	Proprietary
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	Mini
Maximum leverage	2000:1
Typical Spread	2.52
Trading platform	MT4MT5Proprietary
Mobile platform	MT4 MobileMT5 MobileProprietary
Spread type	Variable Spread
Minimum deposit	10
Trailing Stops
Scalping Allowed
Hedging Allowed

ThinkMarkets Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

ThinkMarkets Profile

24 hour support

Segregated Accounts

Islamic Accounts

Accepts Canadian clients

Accepts Japanese Clients

Non expiring demo

Trading API

Cent accounts

Negative balance protection

Social trading

Regulatory deposit insurance

Trailing stops

Bonuses

Interest on margin

Fixed spread

Variable spread