ThinkMarkets Review

ThinkMarkets Reviews and Ratings

Websitehttps://www.thinkmarkets.com/
Live ChatYES
Telephone+44 203 514 2374 (UK), +61 3 9093 3400 (Australia)
Broker TypeMarket Maker Non-Dealing Desk
RegulationsASIC, FCA, FSCA, FSA
Min Deposit$0
Account Base CurrencyAUD, NZD, USD, EUR, GBP, SGD, CAD and CHF
Max Leverage500:1
Trading PlatformsMetatrader 4/5, ThinkTrader
MarketsForex, Indices, Metals, Commodities, Cryptocurrencies
Bonus OfferedNone
Funding OptionsCredit/Debit card, Neteller, Skrill, Bank wire, bitpay.

ThinkMarkets Review 2021

Overview

Award-winning Australian broker, ThinkMarkets has its headquarters in Melbourne and London, and is regulated by FCA (UK), FSCA (South Africa), ASIC (Australia) and FSA (Seychelles). It is one of the few brokers that allow aggressive scalping, hedging and high speed automated trading. 

The broker offers clients with up to 1 million dollars of insurance protection which is above the industry standard. 

Solid infrastructure and customer service make it one of the best forex brokers in the industry. Note that US clients are not allowed.

Accounts

ThinkMarkets offers standard and ThinkZero accounts with low forex spreads (as low as 0.4 pips for standard accounts and 0.0 pips on ThinkZero accounts). On Average you expect forex spreads to be 1.2 pips on the standard account and 0.1pips with the ThinkZero account.

Both accounts can be further opened as individual, joint, corporate and swap-free accounts (Islamic swap-free accounts). The minimum lot size for ThinkZero and Standard accounts is 0.01. All accounts come with expert advisors and robots via the Metatrader 4 and 5 platform. 

Scalping without a minimum duration for keeping trades open is possible. You can open demo accounts for any account type, with real-time price feeds.

Traders can trade Forex, more than 15 Indices, Metals such as Gold and Silver, over 1500 equities and ETFs, Commodities and Cryptocurrencies (*restrictions apply).

Minimum deposit

$0 for standard accounts, $500 for ThinkZero accounts.

thinkmarkets homepage

Maximum leverage

1:500

Features

Platforms on ThinkMarkets include MT4 and MT5 and its web and mobile versions, as well as ThinkTrader, which is the firm’s proprietary trading platform with excellent features.

You can trade over 40 popular forex pairs, with low spreads and NDD (non-desk dealing). Trading is superfast with no price manipulation. 

The brokers have partnered with Equinix to get access to the most current pricing data. The brokers offer an excellent Trade Manager and an affiliate program.

Education

ThinkMarkets offers excellent education for beginner, intermediate and advanced traders through market updates, trading tools and more.

Deposits/Withdrawals

Deposits and withdrawals safe and secure through credit/debit, bank wire and Skrill, Neteller and bitpay. 

The client portal secure area is where traders can log in to manage account information. Withdrawal requests are processed within 24 hours

Deposits via credit/debit cards are instantly credited to your trading account, while Neteller, Skrill and bitpay can take up to 10 minutes. You can expect bank wires deposits to take 1-3 business days.

Customer service

ThinkMarkets multilingual customer support team is available 24/7 by email, live chat or phone.

User reviews: Check out more ThinkMarkets Reviews below.