If you’re searching for a reliable Forex and CFD broker, you might have come across ThinkMarkets. In this detailed ThinkMarkets review, we’ll look at everything you need to know about this broker including its trading platforms, fees, account types, regulation, and more.
By the end of this review, you’ll have a clear understanding of whether ThinkMarkets is the right choice for your trading needs.
ThinkMarkets Overview
ThinkMarkets is a global online broker offering Forex, CFDs, stocks, commodities, indices, and cryptocurrencies. Founded in 2010, the broker has grown significantly, serving traders in multiple countries with competitive trading conditions.
The company is regulated by top-tier authorities, including:
- Financial Conduct Authority (FCA) – UK
- Australian Securities and Investments Commission (ASIC) – Australia
- Financial Sector Conduct Authority (FSCA) – South Africa
- Cyprus Securities and Exchange Commission (CySEC) – Europe
This strong regulatory framework ensures that ThinkMarkets operates with transparency and security.
ThinkMarkets Pros and Cons
Before diving deeper, let’s summarize the advantages and disadvantages of trading with ThinkMarkets.
✅ Pros:
✔ Strong regulation (FCA, ASIC, CySEC, FSCA)
✔ Low spreads (from 0.0 pips on Raw accounts)
✔ Fast execution with no dealing desk intervention
✔ MetaTrader 4, MetaTrader 5, and ThinkTrader platforms
✔ Cryptocurrency trading (Bitcoin, Ethereum, etc.)
✔ Free deposit and withdrawal options
✔ Negative balance protection (for retail clients)
❌ Cons:
✖ Limited product portfolio compared to some competitors
✖ Inactivity fee after 12 months of no trading
✖ No fixed spread accounts
ThinkMarkets Trading Platforms
ThinkMarkets provides traders with three powerful trading platforms:
1. MetaTrader 4 (MT4)
- Popular among Forex traders
- Advanced charting tools
- Supports Expert Advisors (EAs) for automated trading
2. MetaTrader 5 (MT5)
- More advanced than MT4
- Additional timeframes and technical indicators
- Supports trading in stocks and futures
3. ThinkTrader (Proprietary Platform)
- User-friendly interface
- Advanced order types
- One-click trading
- Available on desktop, web, and mobile
Whether you prefer MT4, MT5, or ThinkTrader, ThinkMarkets ensures a smooth trading experience.
ThinkMarkets Account Types
ThinkMarkets offers two main account types:
1. Standard Account
- Spreads: Starting from 1.0 pips
- Commission: No commission
- Minimum deposit: $0 (varies by region)
- Suitable for beginners
2. Raw Account (ECN-style)
- Spreads: From 0.0 pips
- Commission: $3.5 per lot (per side)
- Minimum deposit: $0 (varies by region)
- Best for scalpers and high-volume traders
Both accounts offer leverage up to 1:500 (depending on regulation), allowing traders to maximize their positions.
ThinkMarkets Fees and Spreads
ThinkMarkets is known for its competitive pricing. Here’s a breakdown:
- Spreads: From 0.0 pips (Raw Account) or 1.0 pips (Standard Account)
- Overnight fees (swap): Applied for holding positions overnight
- Inactivity fee: $15/month after 12 months of no trading
- No deposit/withdrawal fees (bank transfers may have third-party charges)
Compared to other brokers, ThinkMarkets offers low-cost trading, especially for active traders.
Deposit and Withdrawal Methods
ThinkMarkets supports multiple payment options, including:
- Credit/Debit Cards (Visa, Mastercard)
- Bank Transfers
- E-wallets (Skrill, Neteller, PayPal)
- Cryptocurrencies (Bitcoin, USDT)
Key points:
✔ No deposit fees
✔ Fast withdrawals (usually processed within 24 hours)
✔ Minimum deposit varies by account type and region
Is ThinkMarkets Safe and Regulated?
Yes, ThinkMarkets is a safe broker due to its strong regulatory oversight. Here’s why:
- FCA-regulated (UK) – Ensures client fund segregation
- ASIC-regulated (Australia) – Strict financial standards
- CySEC-regulated (EU) – Provides investor protection up to €20,000
- FSCA-regulated (South Africa) – Ensures fair trading practices
Additionally, ThinkMarkets offers negative balance protection, meaning you can’t lose more than your account balance.
ThinkMarkets Customer Support
ThinkMarkets provides 24/5 customer support via:
- Live Chat (fastest response)
- Email ([email protected])
- Phone (regional numbers available)
The support team is responsive and helpful, making it easy to resolve issues quickly.
Final Verdict: Is ThinkMarkets a Good Broker?
After this detailed ThinkMarkets review, here’s our conclusion:
ThinkMarkets is a reliable and well-regulated broker offering low spreads, fast execution, and multiple trading platforms. It’s a great choice for both beginners and experienced traders, especially those interested in Forex and CFDs.
However, if you’re looking for a wider range of assets (like bonds or ETFs), you might want to explore other brokers.
Who Should Use ThinkMarkets?
✔ Forex and CFD traders
✔ Scalpers and high-volume traders
✔ Those who prefer MT4/MT5 or ThinkTrader
✔ Traders looking for strong regulation and security
Who Should Avoid ThinkMarkets?
✖ Investors looking for stocks, ETFs, or bonds
✖ Traders who want fixed spreads
FAQ About ThinkMarkets
1. Is ThinkMarkets legit?
Yes, ThinkMarkets is a legitimate broker regulated by the FCA, ASIC, CySEC, and FSCA.
2. What is the minimum deposit for ThinkMarkets?
The minimum deposit is $0 for most regions, but some accounts may require a small deposit.
3. Does ThinkMarkets offer a demo account?
Yes, ThinkMarkets provides a free demo account for practice trading.
4. Can I trade cryptocurrencies on ThinkMarkets?
Yes, ThinkMarkets offers Bitcoin, Ethereum, Litecoin, and other crypto CFDs.
5. Does ThinkMarkets charge withdrawal fees?
No, ThinkMarkets does not charge withdrawal fees, but payment providers might.
Final Thoughts
Overall, ThinkMarkets is a trustworthy broker with competitive spreads, strong regulation, and excellent trading platforms. Whether you’re a beginner or a pro trader, ThinkMarkets provides a secure and efficient trading environment.
If you’re ready to start trading, sign up for a ThinkMarkets account today and take advantage of their low-cost trading conditions.
Disclaimer: Trading Forex and CFDs carries a high level of risk and may not be suitable for all investors. Always conduct your own research before trading.
This ThinkMarkets review covers all essential aspects to help you make an informed decision. If you found this guide helpful, share it with fellow traders! 🚀
