ThinkMarkets

ThinkMarkets is a CFD and Forex broker which is established in 2010. ThinkMarkets headquarters are in London and Melbourne and hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America.

In this ThinkMarkets broker review, I’ll reveal the main purpose of ThinkMarkets which is to improve the forex trading experience by delivering industry-leading technology to the international trading community. It looks like they achieved this. ThinkMarkets now has an international presence with clients in over 75 countries.

So, let’s look at what you are going to learn in this ThinkMarkets review. Is ThinkMarkets regulated? What are the account types of ThinkMarkets?  What are the trading conditions such as spreads, leverage, and minimum deposit? Is ThinkMarkets scam or reliable?

ThinkMarkets provide quick and easy access to a wide variety of markets including forex, stocks CFDs, cryptocurrencies, commodities, indices, futures, and more. Via this section of ThinkMarkets review, I’ll let you know all the descriptions They offer some of the most well-known trading solutions with industry-standard MetaTrader4, next-generation Metatrader 5, and ThinkTrader, their in-house platform, awarded Best Mobile Platform by the Forex community.

Award-winner forex broker with great customer experience and amazing educational materials for any level of traders in the forex market. They provide the best client support along with decent account types to match all different kinds of investors.

Using the latest technology to provide the best pricing and execution speed, and they serve traders throughout their trading journey. They maintain some of the most competitive trading conditions in the market, including tight spreads, low commissions, and a variety of account types tailored to the preferences and needs of clients.

International broker has the support in multilingual format to match all their global clients like Latin American, Brazilian, Malaysian, polish Chinese, South African, Spanish, Thai, German, Arabic, Greek, Indonesian, Vietnamese, Italian, Japanese, and more.

The company is recognized by some of the most trusted financial regulatory agencies – FCA, FSCA, and ASIC. ThinkMarkets is authorized and regulated by the Financial Conduct Authority (FCA) and provides regular financial reports to the FCA in addition to the annual audit. FCA Number: 629628.

In the event of unexpected default, they offer special insurance that covers client funds up to $1,000,000, an innovative offer that provides investors with greater protection and indemnification rights.

This area throughout the ThinkMarkets review is where I will break down the first and foremost criteria to be checked before opening any account with any forex broker and that is Regulations and licenses.

ThinkMarkets is regulated and authorized by multiple regulators such as FCA, FSA, CySEC, and ASIC. Which are representing big names in the financial regulation organizations in the forex market.

Client funds are initiated, monitored and dispersed in accordance with local law, and no effort is spared in maintaining the integrity of the funds being traded on their platform. clients’ funds are held in the best and most trusted banks and secured to the highest level.

• In the UK, ThinkMarkets is authorized and regulated by the Financial Conduct Authority (FCA) under FRN 629628.
• In Australia, the Australian Investments and Security Commission (ASIC), administers the Corporations Act 2001.
• In Seychelles, ThinkMarkets is a trading name of TF Global Markets Int. Limited which is authorized and regulated by the Financial Services Authority, Firm Reference Number SD060.  
• In the EU Launch of CFDs is regulated under the Cyprus Securities and Exchange Commission ( CySEC).

As a regulated FX broker, ThinkMarkets is regularly audited. Therefore we continually maintain high standards to provide you with peace of mind when trading with us.

Both FCA and ASIC are reputable watchdogs and they require strict rules for brokers who have their licenses.

Some of the rules are the minimum initial capital and the clients’ money rule. For example, ASIC-regulated brokers must keep clients’ funds in segregated accounts, separate from the companies operating funds.

ASIC requires to brokers must hold at least $1 million in reputable banks to prove their good financial stability.

On the other hand, FCA requires to brokers must hold at least £730,000 to prove their good financial stability. Besides, clients of FCA-regulated brokers have covered the Financial Services Compensation Scheme (FSCS) coverage.

If ThinkMarkets bankrupt, FSCS compensation secures the client’s funds up to a maximum of £50,000 per person and per entity. Also, ThinkMarkets has an Excess of FSCS Insurance that provides to cover investors’ funds up to £1 million as standard.

However, ASIC does not provide any compensation scheme in case a licensed company bankrupt.

ThinkMarkets adheres to transparent operating principles and protects the interests of its customers. To further increase security, clients’ funds are kept segregated in carefully selected top-tier banks.

And recently they just launched an FX offer regulated under Financial Services Agency (JFSA) in Japan.

ThinkMarkets has 4 types of accounts offered for trade within the organization. Those accounts are :

• Standard account
• Think Zero account
• Islamic account
• Joint account

The Standard account is commission-free and does not require a minimum deposit. Spreads are starting from 0.4 pips on EUR/USD. The maximum leverage is 1:500 and the maximum trading size is 50 lots.

The Standard account is offered on MT4, MT5, and ThinkTrader platforms. 24/7 live support is an option along with free VPS service. Yet the option for having an account manager isn’t allowed in this type of account. The minimum deposit here is zero so you can start with any amount of deposit you want.

While on the other hand, the Think Zero account has a commission of $3.5 per side. Whereas trading CFDs in this account has no commission. The spreads are starting from 0 pips, as well as having the same amount of maximum leverage of 1:500. There is a minimum operation balance here of 500, unlike the standard account where it was 0. The maximum tradable size is 100 lots. The minimum deposit here is $500.

The Think Zero account is offered on only MT4 and MT5. Where there is 24/7 live support offered, along with free VPS service, and the option for an account manager is available.

There is the option to open an Islamic account too which is mainly assigned to clients who wish to trade without any swap taking place. The way to have an Islamic account opened is by requesting an account through ThinkMarkets and they’ll ask for certifications to prove your beliefs. ThinkMarkets holds the right to accept or decline your request.

A Joint account is offered where you can share the same account with 2 or more people, they can be your friends or trading partners. To open a Joint account you need to be filling a form to request an opening of such an account.

The option for a demo account is also available with ThinkMarkets as they allow new clients to try out ThinkMarkets and their services and the differences from other brokers they offer. A demo account is such a great tool for investors to try out new techniques and trading strategies before actual application in the market, so any fault or modifications can be done without losing real funds.

ThinkMarkets has 3 trading platforms offered for their clients in which they provide the best in the forex market when it comes to tools and services offered on these platforms.

The trading platforms are:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• ThinkTrader

As we all know, MT4 is not only the most popular trading platform in the forex market but its also the most favourable and most used platform when dealing with forex and CFDs. It provides the best indicators that help massively while trading. Not only that but the instant execution of orders and allowing traders to customize their orders.

In addition to all that, ThinkMarkets have taken a $1M insurance policy on clients using MT4 to ensure the safety of the client’s funds and orders while investing with no extra cost to the clients whatsoever.

When it comes to MT5, originally built on the basics of MT4, contains the latest updates added by the founding company MetaQuotes, aimed at traders looking for elite features. Additional advantages are added to the platform including 21 timeframes, 6 pending order types, hedging and netting options, and a multi-thread strategy tester for EAs.

MT4 and MT5 have an elaborated and intuitively understandable interface, detailed information, simplicity in installation, broad analytical abilities, a news feed, an incorporated service of trading signals, and many other features.

MT4 can be freely downloaded on PC and mobile phone devices whether it was windows, MAC, android, or IOS. They can also be used on the web page. While MT5 is downloadable on android, web browsers and windows.

ThinkTrader platform is available for Windows and Mac OS desktop software, mobile, and tablet versions. Where you can trade with smarter positions and displays, better tools and reporting, more accessibility, and support from customer service. The platform is an award-winning platform that was developed by ThinkMarkets themselves to provide the ultimate service for their investors.

ThinkMarkets offers materials in different formats to different levels of traders whether that was beginner, intermediate or advanced traders in forex and CFDs.

The beginner level includes all sorts of basic and most important terms and definitions used and needed when trading in forex and CFDs like what is a forex and what is CFDs, how to spread bet and how to start trading, what is leverage and margin, and more.

The intermediate level includes topics like market trends, bid-ask spreads, price charts, risk management, stop loss and take profit, and more.

While the advanced level includes technical analysis information, Japanese candlestick, support and resistance, trading styles, time zones and liquidity, and more

ThinkMarkets offers its clients to trade Forex, Indices, Shares, Metals, Commodities, Cryptocurrencies, Equities, and Futures.

Forex: where you can trade major, minor and exotic currency pairs with great pricing, maximum security, and disruptive technology. The spreads here are as low as 0 pips. you can trade with leverage in forex that can reach up to 1:500 and have a low starting capital.

Share CFDs: where you can trade with shares from global companies like Amazon, Facebook, Google, and more. Commission-free trades with over 3500 global market shares available for choice, with robust trading platforms. You can trade shares on ThinkTrader and MT5.

Indices: with spreads ranging from 0.4 pips and high-security standards and innovative mobile app. You can trade indices like Dow Jones Industrial Average, S&P 500, FTSE, DAX, ASX200, NASDAQ, CAC, EuroStoxx, Nikkei 225, and more.

CFDs: with the lowest available spreads on CFDs, starting from zero commission. wide range of markets is offered like indices, commodities, and energies, Along with flexible trade sizes.

Precious Metals: you can trade with gold, silver, platinum and copper. Trading precious metals is popular as they are seen as inflation-proof and are not subject to the same forces as forex markets, meaning they can act as ‘safe havens’ for funds in times.

Commodities: there are both hard and soft commodities to be traded with ThinkMarkets like metals, energies that represent the hard commodities, and agricultural products that represent the soft products. You can trade BRENT, NGAS, and more with zero commissions and tight spreads as low as 0.4 pips.

Cryptocurrencies: with cryptos, you can trade 24/7 and never miss an opportunity with security that makes sure your funds are protected by the best means possible. Tight spreads are also available. No digital wallet as crypto removes the hassle of dealing with the exchange and provides diversification of your trading profile. Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Ripple, and more are presented for trading.

Support is basic if you care to provide an unforgettable customer experience and in my opinion, that’s the case with ThinkMarkets as they’re making sure to stay close to you while trading in case you needed help by any means easier for you.

You can get in touch via the live chat option available on their official website, or you can send an email to their support team and they’ll get in touch with you very quickly. You can either call the customer support team on the numbers provided on the website.

There’s a whole section dedicated to the frequently asked question with the answers in case you needed to find the answers for yourself without getting in touch with the support team. It represents a faster resort for some traders who are looking for the information themselves without asking anyone.

The customer service of ThinkMarkets is very helpful. When I asked a question they respond to me quickly and kindly. The live chat is working great. Customer Support is 24/7 online. 

The website of the broker, thinkmarkets.com, is well-designed. You can find almost all the information about the broker.

Methods of funding at any broker are one the crucial means to determine the level of trust and reliability the broker would gain in the market and from their clients too.

Credit and debit cards are available too and you can use your Visa or Mastercard to deposit with an instant processing period.

Bank wire is available with 1-3 business days as a time frame for processing.

E-wallet options like Neteller, Skrill, and Perfect Money are valid and have a processing time of up to 24 hours. By using Perfect Money you can use USD, EUR, and Bitcoin (BTC) as depositing currencies.

You can also deposit using cryptos like Bitcoin (BTC), Ether (ETH), Tether (USDT ERC-20), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), EOS (EOS), DASH (DASH), USDC (USDC ERC-20), XRP (XRP), Tron (TRX), Tether (USDT – TRC20), Binance Coin (BUSD (ETH only)) which also has 24 hours timeframe.

The best way to withdraw and deposit is by credit/debit card. Because it is fast and secure. You can use AUD, EUR, CHF, GBP, and USD currencies to deposit and withdraw.

The way to withdraw funds is by requesting your ThinkPortal in your account and submitting it. The requests usually take 24 hours and the broker is following the ” return to source” policy which won’t allow any returns to be made to third parties. Withdrawals by wire bank transfer usually take 3-5 business days to complete, and you might occur some charges of conversions made by the bank and any intermediaries involved at your expense, but the ThinkMarkets themselves don’t charge for bank wire transfers.

In this ThinkMarkets Review, we came to the conclusion that ThinkMarkets is a well-regulated broker with great experience in the market and the field of forex and CFD trading. Good variety of account types and trading conditions that appeal to many clients from all over the world, ThinkMarkets has made sure to leave a positive mark in the forex market.

Great customer experience due to the responsive and supportive support set to provide support in all different formats and whenever needed. Along with educational materials to supports not only newbies in forex but also professional traders as well.

The best trading platforms are offered and ThinkMarkets minimum deposit on the standard account is zero so you can basically choose the amount you want to start trading with all the freedom to make deposits in all different ways offered by the broker like credit and debit cards, e-wallets, bank transfers, and cryptocurrencies.

leverage offered is 1:500 with tight spreads that can reach 0 pips in the ThinkZero account types.

You can trade with the broker but if you are a newbie you should start with a demo account to get to know the broker and their features and services first.

You can also check the other brokers who have a low deposit in this article. 

ThinkMarkets

• 1Who's ThinkMarkets?
• 2Regulation
• 3Account Types & Spreads
• 4Trading Platforms
• 5Educational Materials
• 6Trading Instruments
• 7Customer Service
• 8Funding Methods
• 9Conclusion

6.7/ 10

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