ThinkMarkets is a reliable forex broker headquartered in Australia. It offers a good choice of instruments as well as good trading tools. Customer service could be better.
- Is ThinkMarkets a reliable forex broker?
- Spreads, Commissions and Fees
- ThinkMarkets review: Leverage
- Deposits and Withdrawals with ThinkMarkets
- ThinkMarkets Trading Platforms
- Forex Trading Tools
- Trading Desk Features
- ThinkMarkets Customer Service
- ThinkMarkets Review: Technical Analysis
- Mobile Trading
- Trading instruments
- Frequently Asked Questions
- ThinkMarkets Review: Legal Disclosures
- ThinkMarkets Regulatory Disclosures
Is ThinkMarkets a reliable forex broker?
1.1 ThinkMarkets Review: Overall
Choosing the best forex broker can be a time consuming task.
Because we understand that, we at Best Forex help you make sure your forex broker choice is well informed by providing independent forex brokers reviews of the best brokers.
Our ThinkMarkets review was based on a number of data sources and methods.
ThinkMarkets review was last updated in May 2020. Author – Jonathan Mann.
1.2 ThinkMarkets review: regulatory
Forex broker ThinkMarkets was first established in 2010 in Australia.
ThinkMarkets is a reliable forex broker.
ThinkMarkets review also concluded that this is not a publicly traded forex broker and does not own a banking license.
Forex broker ThinkMarkets comprises 5 relevant companies, of which 3 hold a relevant financial services:
- TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628.
- TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700.
- TF Global Markets (South Africa) Pty Ltd is an Authorised Financial Services Provider (FSP No 49835).
- Think Capital Limited is registered in Bermuda, Company number: 51879.
- TFG (Payments) Limited is registered in the United Kingdom, Company number 10537331.
Therefore, we presume that forex broker ThinkMarkets is compliant with regulatory laws of Australia, South Africa, and UK, in what regards trading financial instruments.
Our ThinkMarkets review was not able to determine this with absolute certainty.
Holding a license is a very important aspect you should consider when you choose the best forex broker according to your trader profile.
1.3 Best forex brokers are licensed
Providing CFD’s and forex trading services requires a license in most countries. If you choose a non-regulated forex broker, you are trading financial instruments and currency pairs at your own risk.
An example of the possible consequences of choosing a non regulated forex broker is when you try to withdraw your money.
A regulated forex broker must honor your withdrawal request and failure to do so may lead them to lose their license.
Your withdrawals with forex broker ThinkMarkets are safer than they would be with a non regulated forex broker.
Deposits with ThinkMarkets are not held in collective accounts but rather in segregated accounts with top-tier banks, such as Barclays Bank, National Australia Bank and Commonwealth Bank of Australia.
|Authorized||Yes, in 3 countries|
|Number of clients||10k+|
|Negative Balance Protection||No|
|Guaranteed Stop Loss||No|
|Observations||Not CySEC regulated|
In conclusion, our ThinkMarkets review found this forex broker to be: Reliable!back to menu ↑
Spreads, Commissions and Fees
2.1 ThinkMarkets Review: General
ThinkMarkets review took nearly one week to complete, in part because of spreads analysis offered by this forex broker.
Firstly, the spread is made up of 2 prices called the Bid and the Ask.
The difference between these two prices is referred to as the ‘spread’.
Like some of the best forex brokers, ThinkMarkets charges a spread. The spread is ThinkMarkets profit for their brokerage activity.
One thing even some of the best forex traders do not consider is that the type of instrument they are trading, and whether they trade recurrently or for longer periods, has a strong impact on how to consider spreads.
For intraday traders, when choosing the best forex broker to work with, spreads should matter more than they do for those who do not trade as frequently.
Obviously, the wider the spread the more expensive it is for you to trade forex instruments or currency pairs and CFD’s , whereas the thinner the spread the cheaper it is to enter the trade.
Large and more commonly traded currency pairs usually have a small bid-ask spread whilst small and infrequently traded currency pairs have a larger bid-ask spread.
Secondly, commissions and fees also depend on other variables.
For example, the type of account you open, updates due to market volatility, season, among others.
ThinkMarkets review found that this forex broker has competitive spreads but in most cases they tend to charge above average.
2.3 Some examples
You can have a look at ThinkMarkets spreads in their website.
Here is an example of some forex averages, forex pairs and commodities, at the time we wrote this ThinkMarkets review:
|Product||Standard Account||Think Zero Account|
|Forex Spreads||From 0.4 pips||From 0 pips|
|Average FX spreads||1.2 pips||From 0.1 pips|
|Metals||From 25 cents||8 cents|
|Commission||None||$3.5 per side (100,000)|
|CFDs||From 0.4 points||From 0.4 points (No commission)|
|Ex. EUR/USD||0.4||From 0.0|
|Ex. Gold (average)||30 cents||30 cents|
2.4 Types of accounts
Forex broker ThinkMarkets also provides the option to open a swap-free account to Islamic clients, in order to comply with Sharia law.
Most of the best forex brokers in the world offer this.
They are called Islamic Accounts.
Finally, ThinkMarkets provides its clients the option to open accounts shared by two or more individuals.
Again, most of the best forex brokers offer this option.
For both cases, Islamic Accounts and Joint Accounts, you should contact ThinkMarkets customer service to make sure their forex spreads are unchanged.
Although spreads are a major factor in choosing a forex broker, they do not represent execution quality, slippage, or any other fees of a broker. This is another factor to take into account when choosing the best forex broker to work with.
In short, ThinkMarkets review found spreads, commissions and fees to be: Average!back to menu ↑
ThinkMarkets review: Leverage
First of all, what is leverage on a forex trading context?
Leverage is basically a multiplier that increases the amount of money you can put into a trade even if you do not have the equivalent liquidity.
Let’s make it simpler to understand.
For example, if you are trading on a 1:1 (no) leverage, this means that each dollar you use in one trade represents 1 dollar in your account equity.
However, if you use a 500:1 leverage, for each dollar in your account liquidity you are actually trading 500 dollars.
You need a margin to be able to use leverage, which will be related to the volume of the trade and your own equity.
So, let’s say you buy 1 unit (let’s not talk about ‘lots’ for now) of EUR/USD.
If the price is USD 1.3 you just spent USD 1.3 from your balance.
However, if you use a 100:1 leverage, you are buying 100 units for USD 130.
In both cases, your equity remains the same, but since you bought a higher volume when using leverage, your profit or loss will be higher.
Let’s say the currency pair price goes up 10%.
In the first case you make a profit of 13 cents, whilst when trading with 100:1 leverage, you made a profit of 13 USD.
Conversely, if the price went down 10%, you would lose 13 cents with no leverage.
But with a 100:1 leverage you would lose 13 USD.
As such, while leverage can increase profits, it also has the capability to increase losses.
3.3 ThinkMarkets review
ThinkMarkets review found that this forex broker offers different ranges of trading leverage.
For someone under the Australia or South Africa regulation (basically outside of Europe and UK), and for PRO accounts, ThinkMarkets offers leverage of up to 500:1 when trading forex.
Leverage for other CFD’s are as follows:
- Indices: up to 200:1
- Energy: up to 200:1
- Metals: up to 400:1
- Shares CFD: Retail Clients margin of 20% (5:1). Professional trader margins ranges from 5% (20:1) to 20% (5:1)
- Commodity Futures: 2-3% margin (33:1 – 50:1)
However, please note that leverage in the UK and Europe for retail traders is different due to FCA restrictions.
For major currency pairs, retail forex traders can trade with up to 30:1 whilst for minor and exotic currency pairs 20:1. Professional forex traders can trade, in both cases, with up to 400:1.
- When trading indices retail traders can have up to 20:1
- When trading energy, retail traders can have up to 10:1
- For metals the maximum leverage for retail traders is 400:1
- On shares CFD retail clients need a margin of 20% (5:1) while professional trader margins range from 5%(20:1) to 20 (5:1)
- For commodity futures the margin is of 10% (10:1)
In conclusion, ThinkMarkets review by Best Forex found this offer to be: Good!back to menu ↑
Deposits and Withdrawals with ThinkMarkets
4.1 ThinkMarkets review
ThinkMarkets review found these to be the acceptable deposit methods offered by ThinkMarkets:
- Bank Wire/ Bank Transfer
- Credit Card (Visa and Mastercard)
- Payment Asia / UnionPay
ThinkMarkets review focused more on trading than non trading aspects. However, deposit methods are also important aspects to keep in mind when choosing the best forex broker for you.
One thing you must consider is that some deposit methods are not available in certain countries.
As an example it is known that Skrill is pulling out from accepting deposits from European clients.
As a result, if you need to make sure your desired deposit method is available in your country, you should contact ThinkMarkets support before opening an account.
ThinkMarkets review also found a useful tool offered by ThinkMarkets in their ThinkPortal: money transfers between accounts. You can make up to 2 transfers within 24 hours.
Withdrawals typically take between 1-7 business days to be complete and 24 hours to be processed.
However, your first withdrawal will be subject to verification. For that reason, your first withdrawal on ThinkMarkets will probably take longer.
A short remark: there isn’t a minimum deposit but in fact the minimum you will be able to deposit is 5$.
Also, note that like many other forex brokers, ThinkMarkets operates a “return to source” policy, meaning they will transfer your withdrawal to your original deposit method.
As such, when you make a deposit, consider if that is the way you want to be paid later.
A useful feature offered by forex broker ThinkMarkets is a Funding History, where you can keep a record of your deposits.
Regarding fees, ThinkMarkets does not charge for wire transfers. However, payment providers may charge fees.
ThinkMarkets does not cover deposit or withdrawals fees charged by payment providers.
Also relevant is the fact that ThinkMarkets does not allow third-party payments. Funds can only be sent to an account in the same name as the ThinkMarkets trading account.
This is a common practice among all of the best forex brokers.
For transparency reasons, ThinkMarkets will, by default, refund any trading profits or any account balance exceeding the initial deposit amounts via Bank Wire.
For E-wallets, ThinkMarkets allows a maximum 10,000 units of currency (Skrill/Neteller/other e-wallets) based on the original source of funding.
Another relevant aspect is that ThinkMarkets may refuse to process a withdrawal if it has reasonable reason to believe that your live account may turn into a negative balance after the withdrawal.
This applies especially to accounts with open positions where your margin exceeds your equity after the withdrawal.
In conclusion, ThinkMarkets review regarding deposits and withdrawals is: Good!back to menu ↑
ThinkMarkets Trading Platforms
5.1 ThinkMarkets review
When you open an account with forex broker ThinkMarkets you will have access to 3 trading platforms.
ThinkMarkets has MT4, MT5 and their own proprietary trading platform ThinkTrader, successor to Trade Interceptor.
ThinkMarkets review was a good opportunity for all of us at Best Forex to learn more about ThinkMarkets. And guess what? This is one of our favorites.
Among some of the very basic features is the possibility to trade forex, shares, indices, commodities, metals and cryptocurrencies across all devices via mobile app, directly from a web browser or by downloading a mobile app.
On MetaTrader 4, you can execute manual or EA (automated) trades. It also lets backtest your trades.
While MT4 is a cross platform offered by many brokers and developed by MetaQuotes, the services and tools offered varies from broker to broker.
However, forex broker ThinkMarkets claims their execution order is instant but from the image below you can see that it is not as competitive as other brokers.
ThinkMarkets Review: Order Execution Time
Moreover, some forex brokers claim 40ms order execution time while ThinkMarkets points to 100+ms.
ThinkMarkets offers 100% customizable AutoChartist and a 1 million dollar insurance.
MT5, on the other hand, is the modern brother of MT4 which offers additional features like 21 timeframes, hedging and netting options, multi-thread strategy tester for EAs, and 6 pending order types.
MT4 is less competitive and only has 9 timeframes available and 4 types of pending orders.
The coolest feature offered with MT5 is a free VPS hosting that will speed up your orders execution time.
Now, regarding ThinkTrader, it does not look like the greatest option (according to users reports). While it does make some aspects of your account simpler to understand, many users complain that it is slow and laggy.
Have a look at 2 screenshots of reviews from clients found on the web (PeaceArmy).
We believe that your best option would be to use MT5 as it is already a stable software with more features than MT4.
In short, our ThinkMarkets review regarding platforms is: Excellent!back to menu ↑
Forex Trading Tools
When Best Forex team wrote ThinkMarkets review, we almost decided to merge the topics “Platforms” and “Tools”. However, we decided to stick with the plan. But have a look. This is also a good one.
ThinkTrader is ThinkMarkets proprietary software that their clients can use to trade. Despite some reports regarding slippage and lags, we honestly love the experience it provides.
ThinkTrader is the successor of Trade Interceptor, and the evolution was notorious.
The interface is more user friendly, and has more and more tools available in a continuous effort to provide a best forex trading experience possible.
In addition, ThinkTrader offers more than 80 indicators and 50 in-chart drawing tools.
The mobile app has an average rating of 3,5 stars and ThinkMarkets claims ThinkTrader has been reviewed with more than 15.000 5 stars out of the 250k+ downloads in the first 2 years.
You can trade in-chart and close multiple positions with one click, and mobile tools like the price or time wheels are extremely handy, especially if you have big fingers.
Tradersgym was removed, in early 2020 only to be reintroduced and we kind of liked to know this. The fact that they removed it shows that they prefer not to have an incomplete version of their goals.
In fact, some comments on Play Store actually report too many tools. However… there isn’t such thing as too many tools is there?
Reports of slowness, lags, slippage, are found and that is worrisome, and this is somethin that forex broker ThinkMarkets should look into.
Another cool tool offered by ThinkMarkets is the in app live chat. You can get help from ThinkMarkets support staff without leaving your trading environment and that can be very useful.
In conclusion, ThinkMarkets review has to give this topic a thumbs up: Excellent!back to menu ↑
Trading Desk Features
7.1 ThinkMarkets review: tools
Deeply related with the 2 previous topics of our ThinkMarkets review is this one. Features offered by ThinkMarkets.
ThinkMarkets offers a very interesting amount of features and tools for a better trading experience. A few still need improvement but overall this is an excellent offer.
- Forex broker regulated under reliable jurisdictions;
- Average priced fees with tighter spreads for forex than other products;
- No minimum deposit required and easy account funding with different options;
- Excellent trading platforms MT4, MT5 and ThinkTrader;
- Desktop and Mobile trading capability;
- Android, iOS, Windows and MAC trading capability;
- High leverage usage for non-european and non-UK clients;
- A variety of 240+ financial instruments you can trade including major currencies, energy and commodities;
- $1 million insurance trader protection;
- Average to slow execution time with several reports of lags and slippage;
- TrendRisk scanner to scan for trading opportunities;
- Close multiple orders with one click;
- Live news;
- Very good research tools;
- Great dealing desk;
- Web based trading needs implementation though.
With MetaTrader 4 you get:
- 3 execution modes, 2 market orders, 4 pending orders, 2 stop orders and a trailing stop;
- Online quotes and interactive charts with 9 periods allow you to examine quotes in all the details quickly responding to any price changes;
- 23 analytical objects and 30 built-in technical indicators;
- The free Code Base and built-in Market provide thousands of additional indicators;
- Thousands of free and paid signals both for demo and real accounts;
- MetaTrader 4 can automatically copy deals of other traders;
- Expert Advisors available;
- Alerts and financial news;
With MetaTrader 5 you get all the features of MT4 and:
- VPS hosting;
- Parcial order filling;
- Immediate or cancel order execution;
- Return order policy;
- 6 pending orders types;
- Depth of market;
- 38 technical indicators;
- 21 timeframes;
- Economic calendar;
- Trade Forex, Futures, Options, Stocks, and Bonds.
Also, you can have access to Autochartist if you have funded your account with at least $2,000.
A VPS service is also available if you fund your account with at least $2,000 for a VPS Pro or $5,000 for a VPS PRO Plus.
However, a VPS Pro has a cost of £ 25 and a VPS Pro Plus costs £ 45.
Finally, ThinkTrader also offers the following tools:
- Split- and quad-screen view with up to four charts on a screen, simultaneously.
- Advanced Charting – 80+ intelligent drawing tools and 80+ indicators.
- TrendRisk Scanner, a proprietary feature that identifies potential trades and recommends target and stop levels.
- 200+ cloud-based alerts and triggers.
A clear suggestion for improvement would be obvious though: social trading.
Still, Best Forex staff were extremely pleased with what we found.
ThinkMarkets review on this forex broker features has to be: Excellent!back to menu ↑
ThinkMarkets Customer Service
Now we almost went from hero to zero here. Our ThinkMarkets review does have a little disclaimer but we had to keep true to our word of impartiality.
This is where we believe ThinkMarkets review gets more complicated.
Firstly, our reviews are done through mystery clients. We have a range of tasks that need to be performed and one of them is a series of support requests.
Our first disclaimer is that overall we have had a good experience. ThinkMarkets offers live chat on business days, email support, and telephone support.
We feel reluctant in only giving 2 stars but we kept true to our commitment of writing impartial reviews and this was the honest result.
However, we believe in several reports received and others found on the web complaining about ThinkMarkets’ support.
An example of how we test these complaints is we ask them if they have requested support regarding detailed spreads information. If the reply is “No” we will not consider these reports.
The reason is we have asked live support ourselves and immediately we received a link with the detailed spreads for every instrument.
Secondly, only valid complaints were considered and these seem to not match our own experience with ThinkMarkets’ support.
8.2 ThinkMarkets review
Extreme delays on email customer support, long waiting times on telephone support, operators that do not understand trading profoundly, an incomplete support requests are the main complaints.
We have considered more the ability to offer solutions than non objective factors such as professionalism or politeness.
The fact is we were able to reach out to several clients that reported bad customer service (not malfunctions, simply bad support) and many were considered valid.
Regardless, this does not mean that ThinkMarkets is less reliable. ThinkMarkets honors its license and is a very reliable forex broker.
We reviewed ThinkMarkets. This means this is one of the top forex brokers in the world.
It goes only to say that their customer support offer could be improved.
However, we did have a good experience that does not match the amount of complaints found.
To sum up, t is a pity but ThinkMarkets review declares their support service: Poor!back to menu ↑
ThinkMarkets Review: Technical Analysis
ThinkMarkets offers an average range of analytical tools and forex and CFD market research material.
Technical analysis and fundamentals material is available through ThinkMarkets website and a couple of tools.
On ThinkMarkets website you can find educational material. This could be deeply improved. However, ThinkMarkets does offer a weekly webinar.
Forex markets news is available on ThinkMarkets website and on MT4, MT5 and ThinkTrader platforms.
Autochartist, the popular pattern recognition tool, is available, and indicators have a farely good offer.
Also, Economic calendar is available but other useful tools like social sentiment were not found.
On ThinkMarkets website you will also find an intermediate range of analytical posts with technical analysis, as well as beginner, intermediate, and advanced courses.
Plus, Informative posts like definitions, glossary and a knowledge base are also timidly present.
Our ThinkMarkets review was not amazed by this offer but it is there and the available contents are fairly good.
Finally, ThinkMarkets offers a daily forex market and CFD market analysis.
However, considering the offer by competitors, our ThinkMarkets review on this topic is: Poor!back to menu ↑
This is probably what we liked the most on our ThinkMarkets review.
ThinkMarkets offers a mobile app with its ThinkTrader app.
ThinkTrader is available for Android an iOS devices and is well synced with your account.
You can trade forex instruments, CFD’s, build a synced watchlist, set price alerts, and other cool features.
On the technical side, you will benefit from:
- Live pricing charts with zoom and scroll
- 100 technical indicators
- 40 analytical objects
- 12 timeframes
- 10 types of charts
- One click multiple order closing
- Trend risk scanner
- In app deposits and withdrawals
- FX Wire Pro news feed
- Drawing tools
- Price wheel and Timeframe wheel
The economic calendar is missing and that would be a good improvement.
Still, our ThinkMarkets review is: Excellent!back to menu ↑
ThinkMarkets review found a pretty standard offer on an average range of instruments you can trade.
Firstly, In the Forex market you can trade 40 major, minor and exotic pairs.
Secondly, Cryptocurrencies have a good variety of offers, and 9 indices are available as well.
Thirdly, The metals market is available and you can trade gold, silver, platinum and copper.
Finally, oil, gas and agricultural commodities are available, as well as more than 1200 shares to choose from.
In short, our ThinkMarkets review regarding tradable instruments is: Good!back to menu ↑
Frequently Asked Questions
This is a selection of some of the more relevant FAQ’s you can find on ThinkMarkets website. We have curated a few for systematic purposes.
When writing this ThinkMarkets review we decided to edit the answers to keep this section consistent with the rest of our ThinkMarkets review.
Any inconsistencies with the replies on ThinkMarkets website is our fault. We hope there are none.
Generic Forex Broker FAQ’s
What is ThinkMarkets?
ThinkMarkets is the trading name of TF Global Markets (UK) Ltd and TF Global Markets (Aust) Pty Ltd.
What products does ThinkMarkets offer?
ThinkMarkets clients can trade:
- Spread betting (UK only)
How can I open an account with ThinkMarkets?
You can open an account by clicking here and following the steps.
What documents do I need to open an account with ThinkMarkets?
For individual accounts or joint accounts, for each account holders, you will need:
- Photo ID – acceptable forms of photo identification to open an account are:
- Government ID, such as a Driver’s License or State ID
- National Identity Card
- Proof of residence – acceptable forms of proof of residence are:
- A utility or landline phone bill, or a bank statement
For corporate accounts:
- Photo ID, in the same terms above, for all directors and any shareholders who own over 25% of shares.
- Proof of residence, in the same terms above, for all directors and any shareholders who own over 25% of shares
- Company information
- Certificate of Incorporation
- Articles of Incorporation
- Company proof of address
- A utility or landline phone bill, or a bank statement
Can I have multiple trading accounts?
Yes, you can. You can request additional accounts through ThinkPortal. Inter accounts money transfer is also possible.
Forex Trading Tools FAQ’s
What is ThinkPortal?
ThinkPortal is the client area of ThinkMarkets. When you log in to ThinkPortal you will be able to manage your trading accounts and personal data (with restrictions), and deposit and withdraw funds to your accounts.
How do I change my leverage?
Go to the ‘Live Accounts’ or ‘Demo Accounts’ click the settings icon. From the menu you can choose your desired account leverage (with restrictions).
Can I change the currency of my account?
No, you will not be able to change the currency of your trading account. To have a different base currency you need to apply for a new live trading account.
Are there any fees for withdrawing money?
ThinkMarkets does not charge fees for withdrawing funds by bank wire transfer but banks may apply their own fees. You should check this with your bank.
Does ThinkMarkets keep a record of trades and funds?
Yes. You will have a detailed statement of deposits and withdrawals as well as a history of trades.
How do I register for a VPS?
ThinkMarkets allows you helps increase speed your trades and to connect to your platform wherever you are.
If you fund your account with at least $2,000 for a VPS Pro or $5,000 for a VPS Pro Plus, you can send an email to support and request access with a cost of £ 25 for a VPS Pro and £ 45 for a VPS Pro Plus.
What is Autochartist?
Autochartist is a tool that assists you with automatic identification of trade opportunities.
You can have access to Autochartist if you have funded your account with at least $2,000.
Is FX Wire Pro available?
Yes, and it is free. FX Wire Pro is available on your MT4 and MT5 platforms.
Does ThinkMarkets offer educational material?
Barely. You will have access to weekly webinars but their guides are scarce.
Are there fees for using MT4, MT5 or ThinkTrade?
No.back to menu ↑
ThinkMarkets Review: Legal Disclosures
When writing ThinkMarkets review we found it easy to find legal disclosures. Thumbs up for ThinkMarkets transparency policy!
You can file a complaint by email to [email protected] or by letter to ThinkMarkets Compliance Department, 4th Floor, 30 City Road, London, EC1Y 2AY
ThinkMarkets has a Conflicts of Interest, Independence, and Impartiality policy that you can find in their website.
This forex broker also has a risk of losing money warning, both for retail and professional traders. See the difference (you can read the full warning in their website).
Trading these financial products carries a high level of risk to your money. Please be aware that you can lose all of your investment. Ensure you fully understand the risks involved and seek independent advice if necessary.
Trading these financial products carries a high level of risk to your capital with the possibility of losing more than your initial investment and may not be suitable for everyone. Ensure you fully understand the risks associated with a professional trading account and seek independent advice if necessary.
In conclusion, ThinkMarkets review regarding legal disclosures is: Good!back to menu ↑
ThinkMarkets Regulatory Disclosures
ThinkMarkets review of regulatory disclosures was easy to complete. Because of that, we really got convinced that this forex broker really seems to care about their transparency policy and to comply with regulatory laws.
ThinkMarkets is a trading name of TF Global Markets (UK) Ltd. which is authorised and regulated by FCA (Financial Conduct Authority).
ThinkMarkets client funds are initiated, monitored and dispersed in accordance with FCA Client Money Rules.
Forex broker ThinkMarkets has a good transparency communication and client money is held in trust accounts, segregated, with top-tier banks
Client Money policy applicable to all ThinkMarkets clients can be found in their T&C under Clause 12.
To sum up, ThinkMarkets review of this forex broker regulatory aspects is: Excellent!back to menu ↑
Best Forex ran a thorough review of ThinkMarkets forex brokers and the result was satisfactory.
Do take into account that our 3 stars only mean that ThinkMarkets is, for us at Best Forex, not the best but one of the best forex brokers in the world.
Still, ThinkMarkets sits behind direct competitors like Avatrade, FXCM, IC Markets, VantageFX, ForexTime, BD Swiss, and others.
If we were to open a forex trading account with ThinkMarkets we would choose the Think Zero account, with the obligation of keeping a minimum $ 500,00 trading balance.
The main reason? It is cheaper, provides an account manager and gives you access to Autochartist.
Poor customer service is something to consider as well, but if you stick to your trading desk and don’t mind waiting for support replies, you will be handing your money to one of the most reputable forex brokers worldwide.
ThinkMarkets best forex trading tool is by far their mobile app.
To sum up, overall ThinkMarkets review of this forex broker is: Good!
- Average spreads
- Diversity of trading tools
- Diversity of forex and CFD instruments
- Reliable forex broker
- Offer for professional traders could be slightly better
- Poor customer service
Details: ThinkMarkets Review
|EURGBP Average Spread||
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|Takes USA clients?|
|Takes E.U. clients?|
|Takes worldwide clients?|
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