Summary

ProsCons
Well Regulated Broker No stockbroking offering
Excellent choice of platforms and charting packages Very Limited Educational Support
No hidden account fees or costs

Summary

ThinkMarkets is a well regulated broker with licenses in UK, Australia and South Africa, who have been operating for 10 years. They provide additional Balance Insurance Protection for accounts with larger deposits. They offer a very good all round service covering all the major markets with an excellent choice of platforms, very good charting packages and no hidden account costs. However they have limited educational support for beginners and no micro accounts.

Regulation & Security
4.1
Markets
2.1
Account Types
2.8
Funding & Withdrawals
3.6
Pricing & Execution
2.8
Commissions & Fees
5
Platforms
5
Charts
4.8
Tools
3.1
Customer Service
4.4
Education Resources
0.6
Research & News
3.3

Regulation & Security

Website: https://www.thinkmarkets.com

Trading Name: Think Markets

Regulation: FCA | ASIC | FSCA

Risk Warnings: 73.72% of retail investor accounts lose money

Established: 2010

Number of Employees: 100+

Head Office Location: Melbourne & London

Listed Company: Private

FBS Balance Protection: FSCS £85,000 and $1m Insurance Protection

Segregated Funds: Yes

Peer Review: Trust Pilot Great Rating from 52 reviews and FPA 3.42 from 166 reviews

Summary

ThinkMarkets is a highly regulated broker with offices in both London and Melbourne. They offer extra balance protection insurance so clients holding funds in excess of the £85,000 FSCS Scheme have additional protection.

Rating

4.1

Markets

Market TypeNumber of MarketsLeverage
FX 35+ Up to 30:1
Indices 14+ Up to 20:1
Shares 1200+ Up to 5:1
Commodities 13 Up to 20:1
Crypto 5 5:1

Summary

ThinkMarkets cover all the major FX, Indices, Commodities, Shares and Cryptos but the range is not that deep compared to some other brokers.

Rating

2.1

Account Types

Account TypeMinimum Trade ValueMinimum DepositGuaranteed Negative Balance
Mini account
Standard account 0.01 Lot No Minimum Deposit
Islamic account 0.01 Lot No Minimum Deposit
Professional account 0.01 Lot No Minimum Deposit
Corporate account 0.01 Lot No Minimum Deposit
Demo
Social + Copy Trading
Stock Broking
Ready Made Portfolios
Regular Saving Investment

Summary

ThinkMarkets offer a standard range of accounts with the smallest minimum trade sizes and no minimum deposit.

Rating

2.8

Funding & Withdrawals

Credit cards Debit Cards Bank Transfer PayPal Skrill Payoneer Neteller Crypto Currencies

Withdrawals: 2-5 Working Days

Summary

ThinkMarkets offer a standard range of funding and withdrawal options.

Rating

3.6

Pricing & Execution

Fixed or Variable Spread: Variable

Market Maker or ECN: STP

From v Average: From

Major Markets

GBP/USD EUR/USD USD/JPY EUR/GBP FTSE100 WallSt German 30 US 500
0.4 0.4 0.4 0.4 0.8 1 0.7 0.34
Apple Tesla Barclays BP Bitcoin Ether Brent Crude Oil Gold
Variable Variable Variable Variable 40 USD 1.5 USD 0 Cent 10 Cents

Summary

ThinkMarkets offer variable spreads so in times of high volumes you can pay very small spreads and visa versa in times on low volume you can pay much higher spreads. We are still waiting on average spreads for some key markets but overall their pricing seems competitive.

Rating

2.8

Commissions & Fees

Overnight Financing Inactivity Fee Deposit Fee Withdrawal Charges CFD Commissions Guaranteed Stop Loss Phone Dealing Management Fees Share Dealing Costs Reinvestment Income Charge FX Charges Papter Statements
No No No No From 0.08% No No No No No No No

Summary

ThinkMarkets are one of the few brokers to have no hidden costs or account fees.

Rating

5

Platforms

Desktop Mobile Trading MetaTrader 4 MetaTrader 5 Proprietary Platform
ThinkTrader

Summary

ThinkMarkets offer an excellent choice of platforms across all devices. They offer not only the popular MT4 platform but also the next generation MT5 platform. Their proprietary platform ThinkTrader was formerly known as TradeInterceptor and is one of the best in the market. Try it out for yourself with a Demo Account.

Rating

5

Charts

Charting Indicators Charting Drawing Tools Trade From Chart Watchlists
80 50

Summary

ThinkTrader, their proprietary platform, has over 80 indicators, 50 drawing tools & chart types.

Rating

4.8

Risk Management Tools

Guaranteed stop-loss orders Market orders Partially close trades Limit and stop entry orders Take-profit orders Stop-loss orders Trailing stop-loss orders Boundary orders Automatic account close-out Complete close-out Last trade in first out Largest position margin first Largest position loss first Price Alerts One-click Execution OCO Orders
Up to 200

Summary

ThinkMarkets offer a fair selection of risk management tools with upto 200 free alerts but unfortunately do not offer guaranteed stop loss orders.

Rating

3.1

Customer Service

Phone Live Chat Email Forums FAQs Multilingual

Summary

ThinkMarkets have good customer service offering.

Rating

4.4

Education Resources

Demo account General educational articles General educational videos Dedicated Education Centre Seminar & Webinars Platform tutorial videos Trading Community
24 Trading Glossary

Summary

ThinkMarkets have a limited set of educational materials with only 8 simple articles for beginners. However they do have a comprehensive glossary with 100s of trading terms.

Rating

0.6

Research & News

Daily Market Commentary News Service Signals Research Technical Analysis Sentiment Analysis Economic Calendar Blogs
FX Wire Pro Autochartist

Summary

ThinkMarkets offer the FX Wire Pro Service which gives comprehensive news and analysis and sentiment analysis. They have a daily market commentary blog but unfortunately they don't offer Autochartist with standard accounts.

Rating

3.3

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