ThinkMarkets Review

About ThinkMarkets

ThinkMarkets is an award-winning global leader in online trading. They provide quick and easy access to a wide range of markets including forex, CFDs on equities, cryptocurrencies, commodities, indices, futures and more. They also deliver some of the most recognized trading platforms – the industry standard MetaTrader4, the next-generation Metatrader 5 and our inhouse developed platform ThinkTrader.

TF Global Markets Int Limited  is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060.

Clients will engage with services offered by TF Global Markets Int Limited, unless otherwise stated, please see the legal documents, including the Terms & Conditions for specific details.

ThinkMarkets Group is a global financial services provider, ThinkMarkets is a registered trademark of the group, that operates under different entities. Please visit our About Us section to find out more.

Company Overview

ThinkMarkets was founded in 2010 by CEO – Nauman Anees. The group has headquarters in Melbourne and London and forms part of Think Capital Limited, a company registered in Bermuda.

Since 2010, the online broker has expanded its trading operations, attracting 550,000 users in 180 countries, including Indonesia, Egypt, the UAE, and Bulgaria. In 2018 ThinkMarkets made the news for allowing Australian investors to invest in an emerging financial technology market with a £100 million initial public offering (IPO) on the ASX.

The broker is regulated by the Australian Securities & Investments Commission (ASIC). The UK’s Financial Conduct Authority (FCA), South Africa’s Financial Services Conduct Authority (FSCA) and the Financial Services Authority (FSA) Seychelles.

Additionally, the broker has obtained two additional regulatory licenses; the Cyprus Securities and Exchange Commission (CySEC) in Europe as well as the Japanese Financial Services Agency (JFSA).

ThinkMarkets Spreads and Commissions

Spreads

A zero spreads account offers minimal or zero spreads between the bid and ask price. This means that traders get direct access to institutional pricing without any added mark-up by the broker. The only charge involved is a small commission.

Commissions

They reserve the right to impose a default fee in relation to any late payment by you relating to a securities transaction. You agree to pay all cost incurred by us where you fail to make good delivery in respect of sales, or pay for a purchase, by the due settlement date.

Commissions are charged only on Forex and Metals at $3.5 per side (100,000).

Fees

In the below table you will find detailed infomation on ThinkMarkets fees and charges:

ThinkMarkets Deposit and Withdrawing

• Third-party deposits and withdrawals are prohibited. We operate a “return to source” policy. For example, if funds were deposited using Skrill, we would process the withdrawal to you via Skrill. The same applies to bank wire, credit card, Neteller, and the other funding options we offer. If for any reason, we are unable to return the funds to the source, we will process the payment, preferably, via bank wire in the name of the trading account holder.

• Withdrawals are usually processed within 24 hours. We cannot guarantee same day receipt of fund as it depends on the withdrawal method chosen, it can take between 1-7 business days for you to receive your funds. The company cannot be held liable for any deposit/ withdrawal processing delays that are subject to payment systems.

• Withdrawals via bank wire require 3 – 5 business days to complete. While we do not typically charge any fees, you may be subject to other charges and/or conversions made by the banks and any intermediaries involved at your expense. In general, an international bank wire transfer costs USD25. The minimum withdrawal amount is USD100

• We typically do not charge fees for deposits or withdrawals: however, we may be subject to charges from third party providers which we may at the Company’s discretion pass on to the client. We do have the right to investigate, cancel, and/or impose fees/ charges (dependent on payment method) on any deposit or withdrawal request originating from a trading account with no, or minimal trading activity.

• Trading profits or any account balance exceeding the initial deposit amounts will be processed preferably via Bank Wire. For E-wallets, we allow maximum 10,000 units of currency (Skrill/Neteller/other e-wallets) based on the original source of funding.

Leverage

Leverage is indeed an important tool, especially for the retail traders of smaller size. However, the offered leverage levels vary according to the ThinkMarkets entity you trading with.

• The smaller level of 1:30 for major Forex pairs applied to the accounts opened under the UK FCA regulation, since the authority significantly lower leverage requirement recently.
• Australian traders that are covered by the ASIC regulation still can enjoy a high level of 1:400 for Forex instruments.
• South Africa traders
• South Africa traders maximum leverage 1:200

Yet, make sure to learn deeply how to use leverage smartly and not to fall under unpleasant circumstances and high risk.

Is ThinkMarkets safe or a scam ?

No, ThinkMarkets is not a scam. It is multiply regulated broker including top-tier regulation.

Is ThinkMarkets legit?

You can trade with ThinkMarkets easily and with peace on mind, knowing that the broker fully registered with the Australian Securities and Investments Commission (ASIC) as well as authorized and regulated by the Financial Conduct Authority (FCA) of the UK.

Besides, African region covered as well, since ThinkMarkets acquired brokerage and fully regulated by the local FSCA (Read FSCA Regulated Infinox Broker Review) in South Africa.

Trading Flatform

MetaTrader 4 platform

MetaTrader 5

Packed with exceptional advantages and a rich set of technical analysis tools, MT5 is here to shape the future of trading. All MT5 features are now available to access from your browser too, without the need to download the platform.

• Enhanced order management including 2 more pending order types than MT4
• First-class charting and 21 timeframes to choose from.
• Integrated economic calendar with advanced features.

Customer support

You can contact ThinkMarkets’ customer support via email or through their live chat on their website. These are available 24/7. Their website also supports 12 languages. These are Vietnamese, Spanish, Thai, Italian, Polish, Greek, Indonesia, German, English, Chinese, Czech, and Arabic.

You can also contact them via their different phone numbers:

• Spain –+34-911829975
• Italy –+39 023 057 9033
• Australia Local –1300-390-515
• Australia –61-3-9093-3400
• UK –+44 203 514 2374

You can also stay up to date on vital news revolving around ThinkMarkets through their LinkedIn, YouTube, Instagram, Facebook, and Twitter accounts.

Final Thought

ThinkMarkets is an excellent forex and CFD broker. A choice of trading platforms, thousands of instruments, and low fees make the group suitable for beginners and veterans. The broker is also highly regulated with a long list of positive reviews from customers worldwide.

ThinkMarkets FAQ’s

How can I log in?

You can log in to the portal by visiting ThinkPortal and entering your registered email address and password.

I have forgotten my password – what do I do?

At the ThinkPortal login page, click on ‘Forgot Password?’ and enter your registered email address. You’ll then be sent instructions on how to retrieve your login details.

Why can’t I see all the features of the ThinkPortal?

ThinkPortal has some features which may not be applicable to your account type. For example, if you only have a demo account, you’ll not see information on depositing funds. You’ll always see the features applicable to you. As your account type and status changes, your portal access will also evolve.

I need to change my leverage – how do I do this?

To make a changes to your account leverage please email your account number and desired leverage from your registered email address to support@thinkmarkets.com.