ThinkMarkets is a global online broker offering over 4,000 tradable assets across an array of markets, from forex to cryptocurrencies, allowing traders to have a diverse range of options to build their portfolios. It is regulated by multiple authorities and stands out for its advanced technical analysis tools, competitive spreads, access to popular platforms such as MT4 and MT5, and its award-winning 24/7 client support.
Pros and Cons
Pros
- Over 4,000+ tradable assets
- Spreads as low as 0
- Offers access to MT4, MT5, and proprietary ThinkTrader platform
- Complimentary trading signals and pro-level back testing with real data
- 24/7 client support via live chat, phone and email
Cons
- No U.S. or Canadian clients accepted
- Minimum deposit of $500 for the ThinkZero account
Recommended For
ThinkMarkets is a comprehensive online broker that caters to traders in over 100 countries across Europe, Asia, Australia, New Zealand, Africa, and South America. With a wide range of trading utilities and platforms, ThinkMarkets is most useful for experienced traders who are familiar with advanced order types, margin trading, and various markets such as cryptocurrency and options.
Beginner traders can still benefit from ThinkMarkets by utilizing the demo account feature, which does not expire. This allows them to familiarize themselves with the platform and gradually explore more complex features at their own pace. Additionally, the platform offers educational resources and the ability to hide advanced features for those who prefer a more simplified trading experience.
For experienced traders looking for higher leverage and priority support, ThinkMarkets offers a Pro account. However, access to this account requires meeting certain wealth or experience criteria and undergoing necessary due diligence.
Overall, ThinkMarkets stands out for its advanced technical analysis tools, competitive spreads, and award-winning 24/7 client support team. It is best suited for experienced traders who are comfortable navigating complex trading features and require access to a wide range of markets. Lastly, it is important to note that ThinkMarkets does not accept clients from the U.S. and Canada due to regulatory restrictions.
Regulated By
- The Australian Securities and Investment Commission (ASIC)
- The Financial Conduct Authority UK (FCA)
- Japan Financial Services Agency (JFSA)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Services Conduct Authority South Africa (FSCA)
- Cayman Island Monetary Authority (CIMA)
- Financial Services Authority Seychelles (FSA)
- Financial Services Commission Mauritius (FSC)
Top Features
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Wide Range of Assets: ThinkMarkets provides access to over 4,000 assets including indices, forex, commodities, cryptocurrency, CFDs, and shares.
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Advanced Technical Analysis: ThinkMarkets empowers traders to make informed decisions and optimize their trading strategies by providing advanced technical analysis.
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Competitive Spreads: ThinkMarkets offers spreads as low as 0 pips, ideal for traders seeking competitive pricing.
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Award-winning 24/7 Client Support: ThinkMarkets ensures that traders receive prompt assistance whenever required.
Overview
- Type of Broker CFD/FX/Cash Equity Broker
- Regulation & Licensing The Australian Securities and Investment Commission (ASIC), The Financial Conduct Authority UK (FCA), Japan Financial Services Agency (JFSA), Cyprus Securities and Exchange Commission (CySEC), Financial Services Conduct Authority South Africa (FSCA), Cayman Island Monetary Authority (CIMA), Financial Services Authority Seychelles (FSA), Financial Services Commission Mauritius (FSC)
- Clients Accepted from 100+ Countries in Europe, Asia, Australia, New Zealand, Africa, and South America
- Assets Offered Forex, Indices, Stocks, Cryptocurrencies, Metals, Commodities, Futures, ETFs, Bonds, and Cash Equities which are available to trade via the ThinkTrader app
- Platforms Available MetaTrader4 (MT4), MetaTrader5 (MT5), ThinkTrader
- Mobile Compatibility iOS, Android
- Payment Types Accepted Bank Wire, Credit/Debit Card, Neteller, Skrill, POLi Pay, PayPal, BPay
Account Types
|
|
Standard |
ThinkZero |
Pro |
|
Features |
|
|
|
|
Account Currencies |
AUD, USD, GBP, EUR, CHF, JPY |
AUD, USD, GBP, EUR, CHF, JPY |
AUD, USD, GBP, EUR, CHF, JPY |
|
Available Leverage |
1:1 to 30:1 |
1:1 to 30:1 |
500:1 |
|
Minimum Deposit |
$0 |
$500 |
|
|
Starting Spreads |
0.4 pips |
0.4 pips |
0.0 pips |
|
Commission Per Trade |
|
|
|
|
Decimal Pricing |
Up to 5 |
Up to 5 |
Up to 5 |
|
Trading Instruments |
|
|
|
|
Min. Lot Size Per Trade |
0.01 |
0.01 |
0.01 |
|
Demo Account |
Yes |
Yes |
Yes |
|
Swap/Rollover Free |
Yes |
Yes |
Yes |
|
Copy Trading Support |
No |
No |
No |
Trading Platforms
- MetaTrader4 (MT4)
- MetaTrader5 (MT5)
- ThinkTrader
Trading and Investment Tools
- One Click Trading Yes
- Trade off Charts Yes
- Email Alerts No
- Mobile Alerts Yes
- Stop Order Yes
- Market Order Yes
- Trailing Stop Order Yes
- OCO Orders Yes
- Limit Order Yes
- 24hr Trading Yes
- Charting Package Yes
- Streaming News Feed No
Compliance & Regulation
ThinkMarkets is a financial broker that operates under the oversight of several regulatory bodies in different regions. In the United Kingdom, the broker is regulated by the Financial Conduct Authority (FCA), which is known for its strict regulatory standards and commitment to investor protection. Additionally, ThinkMarkets is also regulated by the Cyprus Securities and Exchange Commission (CySEC), providing further assurance to traders.
Furthermore, ThinkMarkets operates under the oversight of other regulatory bodies such as the Financial Services Conduct Authority (FSCA) in South Africa, the Australian Securities and Investment Commission (ASIC), and the Financial Services Commission (FSC) in Mauritius.
Overall, ThinkMarkets demonstrates its commitment to compliance and regulation by operating under the supervision of reputable regulatory bodies in various regions.
Fees & Commissions
- Rollover Fee Varies
Pricing
ThinkMarkets offers competitive spreads and commission fees. Depending on the type of account chosen, the broker offers spreads as low as 0 and no commission fees which allows traders to access favorable pricing when executing trades, enhancing their potential profitability.
Service Details
- Supported Languages Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Japanese, Polish, Portuguese, Spanish, Thai, Vietnamese
- Customer Service By Live Chat, Phone, Email
- Customer Service Hours 24/7
- Email Response Time Up to 12 Hours
- Telephone Orders No
- Personal Account Manager Yes
Reliability & Security
ThinkMarkets places a strong emphasis on ensuring the reliability and security of its platform. The broker takes several measures to provide a secure trading environment for its users. Firstly, ThinkMarkets utilizes advanced encryption technology to safeguard client information and transactions. This encryption ensures that sensitive data is protected from unauthorized access. Additionally, ThinkMarkets has segregated client funds. This means that client funds are held in separate accounts, reducing the risk of misuse or misappropriation. Furthermore, ThinkMarkets employs robust risk management systems and procedures to monitor and mitigate potential risks. These measures help ensure the stability and integrity of the trading platform. Overall, ThinkMarkets prioritizes the reliability and security of its services, providing traders with peace of mind while engaging in their financial activities.
User Experience
ThinkMarkets provides a user-friendly website design that is easy to navigate and visually appealing. The platform used by ThinkMarkets, including MT4, MT5, and the proprietary ThinkTrader platforms, is known for its efficiency and ease of use. Traders can easily execute trades, access advanced technical analysis tools, and monitor their portfolios seamlessly.
Customer support at ThinkMarkets is excellent, with 24/7 availability via live chat, phone, and email. Traders can reach out to the multilingual client support team for assistance at any time. The company’s commitment to providing reliable customer service ensures that traders can get prompt help whenever they need it.
The account opening process at ThinkMarkets is straightforward and hassle-free. There is no minimum deposit requirement to open a Standard account, making it accessible to beginner traders.
Final Thoughts
ThinkMarkets stands out as a comprehensive online broker that offers a wide range of trading utilities and features. With over 4,000 products covering indices, forex, commodities, precious metals, cryptocurrencies, and share CFDs, traders have ample options to diversify their portfolios. One of the key strengths of ThinkMarkets is its advanced technical analysis tools. These tools provide traders with valuable insights into market trends and help them make informed trading decisions. Additionally, the competitive spreads offered by the broker ensure that traders can execute trades at favorable prices. The 24/7 client support team at ThinkMarkets is another standout feature. Traders can rely on prompt assistance whenever they encounter issues or have questions about their trading activities. The availability of multiple communication channels, including live chat, phone, and email, further enhances the overall user experience.
While ThinkMarkets caters to both beginner and advanced traders, its wide selection of trading utilities may be overwhelming for those new to the market. However, the platform offers a demo account that allows beginners to familiarize themselves with the application without expiration. Additionally, beginners can hide more complex and advanced features until they gain more experience and confidence. Overall, ThinkMarkets is recommended for experienced traders who are well-versed in leveraging derivatives and are comfortable navigating advanced order types and margin.
Contact Info
Level 18, 357 Collins Street, Melbourne, VIC, Australia 3000
FAQs
Q: What countries are restricted from using ThinkMarkets?
A: The United States and Canada are restricted from using ThinkMarkets due to regulatory restrictions.
Q: Is there a minimum deposit required to open an account with ThinkMarkets?
A: There’s no minimum deposit required for the Standard account, but a $500 minimum deposit is required for the ThinkZero account.
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