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ThinkMarkets Review 2024

Item: ThinkMarkets
Rating: 4

Written by BrokerNotes.co
Fact-checked by Steven Hatzakis, Joey Shadeck
Edited by Jeff Anberg

May 14, 2024

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Based on our extensive research, ThinkMarkets comes across as a solid choice for traders looking to engage in forex and CFD trading. Its comprehensive offerings and regulatory stance position it well within the industry.

Overall Rating

7.8 / 10

Minimum Deposit

Trust Score info

Highly Trusted

Pros and Cons

thumb_up_off_alt Pros

Extensive Range of Investments: Offers a substantial range of tradeable symbols, notably 4,000.
Advanced Trading Platforms: Provides both MetaTrader 4 and MetaTrader 5, alongside a proprietary platform.
Education and Resources: Availability of both beginner and advanced educational videos enhances learning opportunities.

thumb_down_off_alt Cons

Average Fees: Commissions and fees are rated as average, which might not appeal to cost-sensitive traders.
Limited Forex Pairs: Offers only 46 forex pairs, which may be fewer than some competitors.

Ratings Summary

Investment Types - 8.5/10
Commissions & Fees - 7.0/10
Trading platforms - 8.0/10
Research - 6.5/10
Mobile Apps - 8.0/10
Education - 6.5/10
Overall - 7.8/10

Can I trust ThinkMarkets?

Yes, ThinkMarkets is highly trusted within the industry. It is regulated by top-tier authorities like ASIC in Australia, MiFID in Europe, and the FCA in the UK. According to our research, it holds a solid trust score of 92, as per the forex industry research website ForexBrokers.com.

ThinkMarkets is currently licensed and/or authorised by the following regulatory bodies:

Tier-1 Regulators - Australian Securities & Investment Commission (ASIC), Financial Markets Authority (FMA), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system
Tier-2 Regulators - Financial Sector Conduct Authority (FSCA), Dubai Financial Services Authority (DFSA)
Tier-3 Regulators - None
Tier-4 Regulators - Financial Services Authority (FSA), Cayman Islands Monetary Authority (CIMA), and the Mauritius' Financial Services Commission (FSC)

Is ThinkMarkets good for beginners?

ThinkMarkets is suitable for beginners, providing extensive educational resources including videos tailored to both novices and advanced traders. While the education ratings are average, the broker still presents valuable learning opportunities for newcomers.

Feature	ThinkMarkets
Education (Forex or CFDs) info	Yes
Client Webinars info	Yes
Videos - Beginner Trading Videos info	Yes
Videos - Advanced Trading Videos info	Yes
Investor Dictionary (Glossary) info	Yes

ThinkMarkets commissions and fees summary

When considering commissions and fees, ThinkMarkets is average, which might be a deciding factor for cost-sensitive traders. The average spread cost for the EUR/USD of 1.1 is slightly above the industry average of 1.08.

Feature	ThinkMarkets
Minimum Deposit info	$0 info
Average Spread EUR/USD - Mini info	N/A info
Average Spread EUR/USD - Standard info	1.1 info
All-in Cost EUR/USD - Active info	N/A info
Active Trader or VIP Discounts info	Yes

ThinkMarkets trading platforms and tools

tips_and_updates Did you know? Trading platforms comparison

Of the 60+ brokers reviewed on BrokerNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer ZuluTrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.

ThinkMarkets provides a strong suite of trading platforms and tools, recommended for most traders. The availability of MetaTrader 4 and MT5 alongside a proprietary platform gives traders flexibility in trading.

Trading platforms offered: MetaTrader 4, MetaTrader 5, and a proprietary platform are available.

Trading tools: ThinkMarkets provides a comprehensive set of trading tools, enhancing trade execution and analysis.

Copy trading: Offers copy trading options, allowing traders to replicate the positions of experienced traders.

Feature	ThinkMarkets
Virtual Trading (Demo) info	Yes
Proprietary Platform info	Yes
Desktop Platform (Windows) info	Yes
Web Platform info	Yes
MetaTrader 4 (MT4) info	Yes
MetaTrader 5 (MT5) info	Yes
DupliTrade info	No

Mobile trading apps at ThinkMarkets

ThinkMarkets offers strong mobile trading applications, suitable for traders who need flexibility.

Feature	ThinkMarkets
Android App info	Yes
Apple iOS App info	Yes
Mobile Economic Calendar info	Yes
Mobile Alerts - Basic Fields info	Yes
Mobile Charting - Draw Trendlines info	Yes
Mobile Watchlist info	Yes

How do I open an account with ThinkMarkets?

To open an account with ThinkMarkets, follow these steps:

Visit the ThinkMarkets website.
Navigate to the account registration page.
Fill in your personal details and verify your identity.
Fund your account using one of the accepted methods.
Start trading.

What can I trade at ThinkMarkets?

ThinkMarkets offers a vast array of trading options, with 4,000 tradeable symbols, well above the industry average of 3,623 tradeable symbols. It only offers a smaller range of 46 forex pairs, however, compared to the industry average of 66.

Feature	ThinkMarkets
Tradeable Symbols (Total) info	4000
Forex Pairs (Total) info	46
Social Trading / Copy Trading info	Yes info
Cryptocurrency (Physical) info	No
Cryptocurrency (Derivative) info	Yes info
Spread Betting info	Yes info

Account funding at ThinkMarkets

ThinkMarkets supports various funding options, including Bank Wires, Neteller, Credit Cards, and Skrill. However, it does not support PayPal.

Feature	ThinkMarkets
Visa/Mastercard (Credit/Debit) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Neteller (Deposit/Withdraw) info	Yes

About ThinkMarkets

ThinkMarkets was founded in 2010 and has since established a strong presence in the forex and CFD trading industry. It is regulated by several top-tier authorities, enhancing its credibility and trustworthiness among traders. The broker offers a wide range of trading platforms and tools, catering to both novice and experienced traders.

Compare ThinkMarkets

See how ThinkMarkets stacks up against other brokers.

ThinkMarkets vs Vestle ThinkMarkets vs TopFX ThinkMarkets vs Axi ThinkMarkets vs FXPrimus ThinkMarkets vs Vantage ThinkMarkets vs FOREX.com ThinkMarkets vs Markets.com ThinkMarkets vs Tickmill ThinkMarkets vs OANDA ThinkMarkets vs FxPro ThinkMarkets vs City Index ThinkMarkets vs DooPrime ThinkMarkets vs XM Group ThinkMarkets vs Trade Nation ThinkMarkets vs ATFX ThinkMarkets vs AvaTrade ThinkMarkets vs CMC Markets ThinkMarkets vs eToro

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Methodology

At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.

Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.

All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.

Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).

AI disclaimer

We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.

About the Editorial Team

BrokerNotes.co

BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.

Steven Hatzakis

Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.

Jeff Anberg

Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.