ThinkMarkets

ThinkMarkets Review: Is ThinkMarkets any good?

ThinkMarkets Broker Overview and General Information

ThinkMarkets, previously known as ThinkForex, is an Australian forex broker founded in 2010 with headquarters in London, UK and Melbourne, Australia, as well as several offices in Asia Pacific, the Middle East, North Africa, Europe and South America. The ThinkMarkets website currently supports over 10 languages, including Thai.

Licenses that ThinkMarkets Broker has received

If you ask whether ThinkMarkets is good or not, you should start by considering the registration and license factors first, which are detailed as follows:

• Australian Securities and Investments Commission (ASIC) License No. 424700 under TF Global Markets (aust) Pty ltd.

• Financial Conduct Authority (FCA)  License No. 629628 under TF Global Markets (UK) Limited.

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

• Cyprus Securities and Exchange Commission (CySEC) License No. 215/13 under TF Global Markets (Europe) Ltd.

• TF Global Markets (UK) Limited is authorised by the Financial Conduct Authority (FCA) under license number 629628.

• TFG (Payments) Limited is registered in the United Kingdom, company number 10537331. Registered address: G07, 35 New Broad St, London EC2M 1NH.

• Think Capital Services UK Ltd is registered in the United Kingdom with company number 11054653. Registered address: G07, 35 New Broad St, London EC2M 1NH.

• websitewww.thinkmarkets.comOwned and operated by TF Global Markets (Aust) Pty Limited with registered address: Level 14 ,333 Collins Street, Melbourne VIC Australia 3000 ABN: 69158361561 (part of the ThinkMarkets Group).

Products and services from brokersThinkMarkets

product

There are a wide range of trading products to support traders who want to trade across a wide range of markets, including:

Forex

• You can trade over 40 major, minor and exotic currency pairs.

• Low starting spreads and leverage up to 500:1

Index

• Offers trading indices from major global markets such as S&P 500, NASDAQ 100, FTSE 100, DAX 30, and more.

• Maximum leverage 200:1

Commodities

• This includes trading in gold, silver, crude oil (Brent Crude Oil), crude oil (WTI Crude Oil), and agricultural commodities such as wheat, corn, and soybeans.

• Spreads start from 0.4 points

Stocks

• You can trade stocks from major global markets, such as US, European, and Asian stocks.

• Over 2000 stocks to choose from for trading

Exchange Traded Funds (ETFs)

• A wide range of ETFs are offered for trading to diversify your risk.

Cryptocurrencies

• Trade major cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Ripple.

• Maximum leverage 2:1

Futures

• Trade futures on indices, commodities, and other assets.

ThinkMarkets trading platforms and tools

ThinkMarkets is one of the most reputable brokers in the global financial market, offering a wide range of trading platforms and tools to meet the needs of investors and traders of all experience levels, including:

• MT4

• MT5

• ThinkTrader

• TradingView

ThinkMarkets Broker Account Types

ThinkMarkets broker offers 4 account types to choose from: Mini, ThinkTrader, Classic, ThinkZero, with the following details:

Standard

• Highlights: Standard account, no commissions and low spreads.

• Minimum deposit: $250

• Maximum leverage: 500:1

• Instruments: 350 (MT4) / 1,800 (MT5)

• Supported Markets: Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs

• Starting spread: 0.4 pips

• Base currencies: USD, AUD, GBP, EUR, SGD, CHF

• Commission: $0

• Key Features:

  • EA trading works

  • Can be opened as a Swap-Free account

  • Negative Balance Protection

ThinkTrader

• Highlights: Accounts for trading up to 4,000 instruments.

• Minimum deposit: $50

• Maximum leverage: 500:1

• Instruments: 4,000 items

• Supported Markets: Forex, Metals, Indices, Energies, Cryptocurrencies, Stocks, ETFs

• Starting spread: 0.4 pips

• Base currencies: USD, AUD, GBP, EUR, NZD, SGD, CHF

• Commission: $0

• Key Features:

  • No EA trading

  • Can be opened as a Swap-Free account

  • Negative Balance Protection

ThinkZero

• Highlights: Real spreads starting from 0.0 pips for Forex

• Minimum deposit: $500

• Maximum leverage: 500:1

• Instruments: 350 (MT4) / 1,800 (MT5)

• Supported Markets: Forex, Commodities, Indices, Cryptocurrencies, Stocks

• Starting spread: 0.0 pips

• Base currencies: USD, AUD, GBP, EUR, SGD, CHF

• Commission: $3.50 per side

• Key Features:

  • EA trading works

  • Can be opened as a Swap-Free account

  • Negative Balance Protection

note: All accounts have a Margin Call condition of 100% and a Margin Stopout of 50%.

Deposit and Withdrawal

ThinkMarkets deposit and withdrawal channels are supported from all systems worldwide, with details as follows:

Deposit channels

Bank Transfer (Swift)

• Type: Bank Transfer (1-3 business days)

• Fee: $0

• Currency: AUD, EUR, CHF, GBP, USD

Cryptocurrency

• Type: Digital Wallet (Processed within 4 hours)

• Fee: $0

• Currency:Bitcoin (BTC), Ether (ETH), Tether (USDT ERC-20 & TRC-20), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), EOS (EOS), DASH (DASH), USDC (USDC ERC-20), XRP (XRP), Binance Coin (BUSD)

Credit/Debit Cards (Visa and Mastercard)

• Type: Instant

• Fee: $0

• Currency: AUD, EUR, CHF, GBP, USD

Apple Pay

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: AUD, EUR, CHF, GBP, USD

Google Pay

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: USD, EUR, GBP, JPY, AUD

Neteller

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: USD, EUR, GBP, JPY, AUD

Skrill

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: AUD, EUR, CHF, GBP, USD

UPI (India)

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: INR

Indian Net Banking

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: INR

MPesa (Kenya)

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: KES

Mobile Money Ghana

• Type: Digital Wallet (Instant)

• Fee: $0

• Currency: GHS

Withdrawal channels

• Third party not allowed: Deposits and withdrawals must be made by the account owner only.

• Return Policy: Deposits and winnings will be returned to the original method used to deposit, such as Skrill, bank transfer, credit card, Neteller and other available deposit options.

• In case the refund cannot be returned to the source: If there is a problem with the refund, we will transfer the money directly to the bank account in the name of the trading account holder.

• Withdrawals are processed within 24 hours.

• The time it takes to receive your money depends on the withdrawal method and may take 1-7 business days.

• Bank transfers take 3-5 business days.

• The company does not charge any withdrawal fees, but the withdrawer is responsible for any additional fees charged by the bank or intermediary.

• Generally, the fee for international transfers is around USD 25.

• Minimum withdrawal amount: USD 100

Office location and contact channels

Office location 

• CT House, Office 9B, Providence, Mahe, Seychelles

Contact channels:

• [email protected]

• Live chat

• +44 203 514 2374

ThinkMarkets Broker Overview Summary

ThinkMarkets is considered a fairly reliable broker, and deposits and withdrawals can be made via Thai banks. The starting spread is quite low at 0.0 pips, but some account types charge commissions, which traders should consider again.

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