ThinkMarkets
Published: Updated:
- Trust score
- 6/10
- Legal simplicity
- 6/10
- Min. deposit
- 0
- Trading platforms
- Payment systems
- Instruments
- Forex, Indices, Commodities, Metals, Energies, Stocks, Cryptocurrencies
- Legal entity
- TF Global Markets (Aust) Pty Ltd
- Jurisdiction
- Australia
- Fees
- Standard accounts carry the cost in the spread with no commission; ThinkZero accounts quote raw spreads from 0.0 pips with a commission per lot. Overnight swaps apply, and swap-free accounts are available to clients who qualify.
- Withdrawals
- Withdrawals return to the funding method and are normally processed within one business day. The broker does not generally charge a withdrawal fee; the payment provider's own charges still apply.
- Available in
Features
- Seminars and trader training
- Daily market analysis
- Low initial deposit
- PAMM accounts
- Copy trading
- Islamic accounts
- MAM platform
- Segregated accounts
- ECN accounts
- Affiliate program
- Wide selection of trading instruments
Pros
- No specific advantages are documented for ThinkMarkets.
Cons
- No specific drawbacks are documented for ThinkMarkets.
Founded in 2010 in New Zealand, ThinkMarkets now operates out of London, UK, and Melbourne, Australia, and is regulated by the FCA, ASIC, and South Africa's FSCA. The broker offers Standard, ThinkZero, Demo, and Islamic accounts across the MT4, MT5, and ThinkTrader platforms, with social trading available via ZuluTrade. Traders can access over 40 currency pairs plus cryptocurrencies, indices, metals, commodities, and stocks, and the standard account carries no minimum deposit.
ThinkMarkets is a multi-regulated forex and CFD broker offering MT4, MT5, and ThinkTrader, plus PAMM, copy-trading, and Islamic accounts, with no minimum deposit on its standard account.
Company Background
ThinkMarkets was founded in 2010 in New Zealand and has since expanded globally, moving its headquarters to London, UK, and Melbourne, Australia. The broker also acquired a brokerage in South Africa to operate under local licensing, and it now serves clients across the Asia-Pacific region, the Middle East, North Africa, Europe, and South America.
Regulation and Fund Safety
- ASIC: registered with the Australian Securities and Investments Commission.
- FCA: regulated by the UK Financial Conduct Authority.
- FSCA: regulated in South Africa by the Financial Sector Conduct Authority.
- Fund security: client funds are held in segregated accounts at banks including Barclays, National Australia Bank, and Commonwealth Bank of Australia.
- Compensation scheme: UK clients are covered by the Financial Services Compensation Scheme (FSCS) up to £50,000 in case of insolvency.
Leverage
- FCA (UK): up to 1:30 on major currency pairs.
- ASIC (Australia): up to 1:500 on forex instruments.
- FSCA (South Africa): up to 1:200.
Account Types
- Standard: commission-free, with a choice of fixed or variable spreads.
- ThinkZero: built for active traders, with lower spreads, a per-lot commission, VPS, and Autochartist access.
- Demo and Islamic accounts: available for practice trading and for traders who need swap-free conditions.
Fees and Spreads
- Standard account: spreads from 0.4 points, averaging around 1.2 points.
- ThinkZero account: $500 minimum deposit, spreads from 0.1 pips plus a $3.5 commission per lot.
Trading Platforms
ThinkMarkets supports MT4, MT5, and its own ThinkTrader platform (formerly Trade Interceptor), plus social trading through ZuluTrade.
Tradable Instruments
The broker lists over 40 currency pairs alongside cryptocurrencies (including Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ripple), indices, metals, commodities, and stocks. ThinkMarkets has marketed itself as the only broker regulated in the UK, Australia, and South Africa to offer cryptocurrency trading.
Minimum Deposit
The standard account has no minimum deposit requirement.
Quick Facts
| Feature | Detail |
|---|---|
| Broker name | ThinkMarkets |
| Founded | 2010 |
| Headquarters | London (UK), Melbourne (Australia) |
| Regulators | ASIC, FCA, FSCA |
| Trading platforms | MT4, MT5, ThinkTrader |
| EUR/USD spread | 0.4% |
| Demo account | Yes |
| Minimum deposit | $0 |
| Base currencies | USD, EUR, GBP |
| Maximum leverage | 1:500 |
| Tradable assets | Currency pairs, cryptocurrencies, indices, metals, commodities, stocks |
| Deposit methods | Bank transfer, debit/credit cards, Skrill, Neteller, Bitcoin |
| Withdrawal fee | No |
| Inactivity fee | Yes |
| Islamic accounts | Yes |
| Segregated accounts | Yes |
| PAMM accounts | Yes |
| Affiliate program | Yes |
| Scalping allowed | Yes |
| Automated trading | Yes |
| Mobile trading | Yes |
| Web terminal | Yes |
| Social trading | Yes |
| Trading signals | Yes |
| VPS | Yes |
| Deposit bonus | No |
| Contests | No |
| 24/7 support | No |
Verdict
ThinkMarkets is a multi-regulated broker (FCA, ASIC, FSCA) with a broad instrument range, three trading platforms, and a no-minimum-deposit standard account. The ThinkZero account suits active traders who want tighter spreads in exchange for a per-lot commission. Compare it against other regulated brokers in our independent forex broker ranking.
Trading conditions
ThinkMarkets runs Standard and ThinkZero accounts. ThinkZero is the raw-spread product with a per-lot commission and is the one to compare on cost for anything above modest volume; Standard prices the same liquidity with the cost in the spread.
The broker's own ThinkTrader platform sits alongside MetaTrader 4 and 5 and a TradingView integration, which is a broader platform set than most brokers of this size offer.
Terms follow the entity: ASIC and FCA clients face 30:1 on major pairs with negative balance protection and margin close-out at 50%; clients onboarded elsewhere in the group see different limits.
Verification
Verification requires photo ID and proof of address, with an appropriateness assessment on the FCA, ASIC and CySEC entities. Documents are usually reviewed within one business day.
Australian and UK clients have client money held under the respective client asset rules; UK clients additionally have FSCS cover for eligible claims up to £85,000. Neither protection extends to accounts under the group's non-regulated entities.
