ThinkMarkets Review
Key Facts
Regulation
ASIC · FCA · NZFMA+7 more
Broker Type
STP, ECN
Min. Deposit
$50
Platforms
ThinkTrader Web Platform, ThinkTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
Fees
Low
Max Leverage
1:2500
Demo Account
Yes
Our Ratings
4.6
out of 5
Safety & Regulation4.7
Fees & Costs4.6
Platforms & Execution4.5
Education3.9
75% of retail FX and CFD accounts lose money.
Pros & Cons
Pros
- +Strong global regulatory oversight
- +Fast and easy account opening
- +Demo account available for practise
- +Fast and secure payment options
- +Low minimum deposit
- +Multiple account currency options
- +Free deposit and withdrawal
- +Negative balance protection
- +Low forex trading fees
- +Better pricing option via ThinkZero (raw spreads + commission)
- +Islamic (swap-free) accounts available
- +User-friendly mobile and web platforms
- +Support TradingView, MT4, and MT5
- +Backtesting available via 'Traders Gym'
- +EA trading available
- +No restrictions on trading strategies
- +Great customer support, available 24/7
Cons
- −Limited product selection
- −Educational content is limited
- −$50 Minimum withdrawal applies
- −Limited research tools, compared to competitors
- −No integrated social, copy, and PAMM trading feature
- −An inactivity fee of $10 monthly 6 months of account inactivity
ThinkMarkets - At a Glance
Trading Conditions
- Broker Type
- STP, ECN
- Minimum Deposit
- $50
- Maximum Leverage
- 1:2500
- Spread Type
- Variable
- Spread From
- 0.4 pips (Standard Account), 0.4 pips (ThinkTrader Account) 0.0 pips (ThinkZero Account)
- Commission
- Standard Account: No commission, ThinkTrader Account: No commission, ThinkZero Account: $3.50 Commission per lot side,
- Decimal Pricing
- 5 decimals
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 50
- Hedging
- Yes
- Scalping
- Yes
- Assets Offered
- Forex, CFDs, Spread Betting
Account Types
- Demo Account
- Yes
- Swap Free Account
- Yes
- Managed Account
- No
- PAMM / MAM Trading
- Yes
- Joint Account
- Yes
- Social / Copy Trading
- Yes
- Bonuses
- Yes
- Contests
- Yes
Platforms & Tools
- Trading Platforms
- ThinkTrader Web Platform, ThinkTrader Mobile App, TradingView, MetaTrader 4, MetaTrader 5
- One Click Trading
- Yes
- OCO Orders
- Yes
- Trailing Stop Loss
- Yes
- API Access
- Yes
- VPS Hosting
- Yes
Company
- Regulation
- ASIC (Australia), FCA (United Kingdom), NZFMA (New Zealand), DFSA (UAE), JFSA (Japan), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius), CIMA (Cayman Island)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Headquarters
- Level 18, 357 Collins Street, Melbourne, VIC, Melbourne 3004, Australia
- International Offices
- Australia, United Kingdom, United States, United Arab Emirates, Cyprus, South Africa, New Zealand, Bulgaria, Malaysia, Vietnam
- Payment Methods
- Bank Transfer, Credit Card, Debit Card, Apple Pay, Google Pay, Neteller, Skrill, Cryptocurrency
- Account Currencies
- AUD, EUR, CHF, GBP, USD, JPY, ZAR
- Languages
- English, German, French, Portuguese, Spanish, Japanese, Chinese, Vietnamese, Indonesian, Taiwanese, Thai, Arabic, Turkish, Polish, Swedish, Urdu, Hindi, Romanian, Tagalog, Afrikaans
- Customer Support
- Live Chat, Email, Telephone