71.89% of retail investor accounts lose money when trading CFDs with this provider.

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ThinkMarkets Review

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ThinkMarkets is an award-winning global forex and CFD trading broker, authorised by some of the most trusted financial regulatory bodies in the industry. They give traders access to a wide variety of instruments in several markets like currencies, indices and commodities. For traders interested in *cryptocurrencies like Bitcoin, ThinkMarkets offers cryptocurrency CFDs.


  • Segregates client funds
  • Established in 2010
  • Regulated by the Financial Conduct Authority, ASIC, FSCA and FSA Seychelles
  • Min. deposit from $0


To open a live account, you’ll need a minimum deposit of at least $0. Alternatively, ThinkMarkets offers a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 629628), and ASIC (AFSL #424700). ThinkMarkets puts all client funds in a segregated bank account and uses tier-1 banks for this. ThinkMarkets has been established since 2010, and have a head office in AU.

Before we dive into some of the more detailed aspects of ThinkMarkets’s spreads, fees, platforms and trading features, you may want to open ThinkMarkets’s website in a new tab by clicking the button below in order to see the latest information directly from ThinkMarkets.

Visit ThinkMarkets

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

ThinkMarkets screenshot Open a demo account

71.89% of retail investor accounts lose money when trading CFDs with this provider.

What are ThinkMarkets's spreads & fees?

Like most brokers, ThinkMarkets takes a fee from the spread, which is the difference between the buy and sell price of an instrument.

The commisions and spreads displayed below are based on the minimum spreads listed on ThinkMarkets’s website. The colour bars show how competitive ThinkMarkets's spreads are in comparison to other popular brokers featured on BrokerNotes.

EUR/USD (Average: 0.7 pips) 0.0 pips + $0.00 0.7 pips 0.1 pips
GBP/USD (Average: 1.1 pips) 0.2 pips + $0.00 1.7 pips 0.1 pips
USD/JPY (Average: 1.1 pips) 0.1 pips + $0.00 0.6 pips 0.1 pips
AUD/USD (Average: 0.8 pips) 0.1 pips + $0.00 0.6 pips 0.2 pips
USD/CHF (Average: 2.3 pips) 0.4 pips + $0.00 2.3 pips 0.2 pips
USD/CAD (Average: 2.9 pips) 0.4 pips + $0.00 0.5 pips 0.3 pips
NZD/USD (Average: 3.6 pips) 0.3 pips + $0.00 2.8 pips 0.3 pips
EUR/GBP (Average: 2.4 pips) 0.3 pips + $0.00 0.5 pips 0.1 pips

Spreads are dynamic and are for informational purposes only.

As you can see, ThinkMarkets’s minimum spread for trading EUR/USD is 0.0 pips - which is relatively low compared to average EUR/USD spread of 0.70 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with ThinkMarkets vs. similar brokers.

See all Spreads

How much does ThinkMarkets charge to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) with ThinkMarkets at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $9.37. Here’s a rough breakdown of the fees and how this compares against IG & XTB .

ThinkMarkets IG XTB
Spread from: $ 1.00 $ 6.00 $ 2.00
Commission: $0.00 $0.00 $0.00
Total cost of a 100k trade: $ 1.00 $ 6.00 $ 2.00
$5 more $1 more
Visit ThinkMarkets Visit IG Visit XTB

All fees/prices are for informational purposes and are subject to change.

What can you trade with ThinkMarkets?

ThinkMarkets offers over 1500 different instruments to trade, including over 40 currency pairs. We’ve summarised all of the different types of instruments offered by ThinkMarkets below, along with the instruments offered by IG and XTB for comparison.

FX / Currencies ThinkMarkets IG XTB
# of forex pairs offered 40 90 48
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies* Yes Yes Yes
Commodity CFDs ThinkMarkets IG XTB
# of commodities offered 11 34 21
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Index & Stock CFDs ThinkMarkets IG XTB
# of stocks offered 1500 8000 1606
UK shares Yes Yes Yes
US shares Yes Yes Yes
German shares Yes Yes Yes
Japanese shares No Yes Yes
See ThinkMarkets's InstrumentsSee IG's InstrumentsSee XTB's Instruments

What’s the ThinkMarkets trading experience like?

1) Platforms and apps

ThinkMarkets is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

ThinkMarkets Screenshot

ThinkMarkets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.

See ThinkMarkets's platforms

2) Executing Trades

ThinkMarkets allows you to execute a minimum trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As ThinkMarkets offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a market maker, ThinkMarkets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.

Finally, we’ve listed some of the popular funding methods that ThinkMarkets offers its traders below.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Demo account
  • Standard account
  • Zero spread account
  • Islamic account

Funding methods:

  • Credit cards
  • Bank Transfer
  • Skrill
  • Neteller

3) Client support

ThinkMarkets support a wide range of languages including English,Chinese,andJapanese,Arabic,Spanish,Italian,Portuguese,German.

ThinkMarkets has a BrokerNotes double AA support rating because ThinkMarkets offer over three languages

4) What you’ll need to open an account with ThinkMarkets

As ThinkMarkets is regulated by the Financial Conduct Authority, ASIC, FSCA and FSA Seychelles , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore ThinkMarkets’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with ThinkMarkets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results. *Availability subject to regulation.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.thinkmarkets.com on 01/12/2021.