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ThinkMarkets Review

Minimum Deposit: $1 VISIT BROKER

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

ThinkMarkets is a well-known and licenced online broker that prioritises client protection. They use cutting-edge trading technology and offer innovative trading platforms to clients all around the world. Account types are versatile, and traders may access a variety of trading instruments and training information.

Investing Brokers

March 7, 2023

ThinkMarkets is a regulated forex and CFD broker with its headquarters in London and Melbourne. The broker was established in 2010 and has offices in Asia-Pacific, the Middle East, North Africa, Europe, and South America. The broker is authorised and regulated by Top-tier government regulatory authorities, including FCA, CySEC, and ASIC.

ThinkMarkets offers a large selection of over 1,000 tradeable instruments from various asset classes, including CFDs on forex, cryptocurrencies, shares, indices, ETFs, and commodities. The broker gives you convenient market access via the MT4, MT5, and ThinkTrader platforms on all of your desktop, web and mobile devices.

ThinkMarkets has powerful servers located in London and Hong Kong. Liquidity from top banks and dedicated servers helps ensure that you can get your trades executed at the best market prices with the lowest latency possible. Moreover, the broker offers VPS hosting for running your platforms 24/7 and ZuluTrade for social trading, which is a big advantage for investors who want to run automated trading systems or copy other professional traders’ portfolios.

ThinkMarkets has a hefty collection of useful educational resources, including an abundance of videos, trading courses, market analysis, and dedicated research tools such as Trading Central and Autochartist.

In addition, the broker provides demo trading accounts which is a great way for you to practice trading online and familiarise yourself with the provided platforms. The broker provides zero spread accounts and Islamic trading accounts to facilitate traders from all backgrounds.

ThinkMarkets has over a decade of experience in facilitating online financial markets trading. The broker provides plenty of trading instruments for trading on some of the most popular trading platforms, including MT4 and MT5, and a proprietary trading platform in ThinkTrader.

ThinkMarkets provides meaningful educational and research resources, including trading courses, tutorial videos, the excellent Trading Central software, market analysis, economic calendar, and live webinars. Moreover, the broker provides demo trading which is a good way for you to put what you have learned into practice without making any financial commitment.

The broker also offers swap-free Islamic accounts for clients from the Muslim faith. Social trading with ZuluTrade is an exceptional advantage for investors who are looking to copy other traders, and VPS Hosting provided by the broker also helps traders who want to automate their trading strategies 24/7.

Multiple payment options facilitate free deposits and withdrawals (except for a few payment methods that incur a fee). ThinkMarkets offers crypto trading with crypto payment options as well. In addition, ThinkMarkets does not require any minimum deposit for opening an account and does not charge an inactivity fee. Lastly, the broker provides 24/7 super-friendly customer support.

On the other hand, ThinkMarkets or its parent company are not publicly traded companies. Therefore, they do not disclose their financial information in public. Plus, the broker does not have a licence to practice banking operations. In addition, the broker does not facilitate traders from a few countries, such as the US. Lastly, the broker does not provide fixed spread accounts.

ThinkMarkets offers a generous range of more than 1000+ trading instruments from multiple markets such as forex, shares, commodities, cryptocurrencies, and indices. However, it would be nice if the broker expanded its product portfolio to other asset classes such as options and bonds. You can get access to these and much more via AvaTrade as an alternative option. It’s worth mentioning that ThinkMarkets offers commission free CFD trading as well. 

ThinkMarkets Instruments Summary

Commission and Spread Fees

ThinkMarkets offers competitive trading costs in terms of commission fees and spreads, but not the lowest you will find. Traders have the option to bear tight spreads without paying any commission fees with a standard account as the commission is included within a spread mark-up. In addition, traders can also choose the ThinkZero account for trading with spreads starting from zero pips while bearing a pretty standard commission fee of $7 per standard lot per round. You can get zero pip spreads and a lower commission fee through some other brokers such as RoboForex who charge just $2 per side. Here is the summary of trading costs at ThinkMarkets.

Deposit and Withdrawal Fees

ThinkMarkets does not charge a deposit fee while utilising any payment method, but the broker charges a $25 commission fee for withdrawing via wire transfers.

Inactivity Fees

ThinkMarkets does not incur any inactivity fees which is an advantage over some brokers.

ThinkMarkets offers a variety of powerful and sophisticated trading platforms, including the user-friendly MetaTrader and ThinkTrader platforms, to meet the needs of various traders. You can trade with flexibility as desktop, web, and mobile platforms are all available. The mobile trading apps are beneficial if you need to access your trading account while on the go. In addition, the broker provides useful trading tools such as VPS service to run your automated trading strategies remotely. Moreover, social trading with ZuluTrade comes in handy for investors keen to invest in the portfolios of other traders. 

Let’s go through each trading platform and tool briefly.

MetaTrader 4 (MT4)

ThinkMarkets provides the massively popular MetaTrader 4 (MT4) trading platform, which is well recognised throughout the industry for its user-friendly interface, short learning curve, and several built-in trading tools.

Technical indicators for chart analysis, trading strategy templates, a completely customizable interface and charts, numerous time frames, automated trading solutions (expert advisers), and a big online community are among the many features of MT4. It is accessible through desktop (Windows/Mac), web browser, and mobile (iPhone/iPad/Android/Tablet). MetaTrader 4 has established itself as the top forex and CFD trading platform, allowing traders to tailor their trading experience in order to get a technical advantage.

MT4 has a plethora of built-in features and tools, including technical indicators, drawing objects, robots and signals. In addition to the already substantial platform, ThinkMarkets provide you with the brilliant Trading Central market analysis tool, a global leader in financial research. It is available to all MT4 account holders free of charge and is not something you find through many brokers, IronFX being another option.

Many brokers provide MT4 to their clients which makes it a good platform to learn because you will have plenty of choice should you decide to change providers down the line. The downloadable version of MT4 is the most powerful version, and is needed it you plan on running automated systems.

With every feature at your disposal, the desktop app provides you with unparalleled access to all the tools and information you need to execute your trading strategies and stay up to date on every market event.

MetaTrader 4 is also available through a web browser, which is compatible with all major operating systems and eliminates the need for downloads. You can start trading in seconds from any web browser, no matter where you are in the world and will always have the latest version running which is great.

Here are some of the key features of MT4:

MetaTrader 5 (MT5)

ThinkMarkets offers the MetaTrader 5 (MT5) platform, which is very similar to its predecessor but has more features and functionality. Building on the industry’s standard MT4, MetaTrader 5 is MetaQuotes’ latest platform aimed at traders looking for cutting-edge features. The MT5 interface has a similar style, but it includes many more chart periods, indicators, services, and other useful benefits. The platform includes 21 timeframes, 6 pending order types, hedging and netting options, and a multi-thread strategy tester for back testing your automated systems over historical tick data.

Here are some of the key features of MT5:

ThinkTrader

ThinkMarkets also provides their award-winning ThinkTrader platform for desktop, mobile, and tablet. ThinkTrader has over 80 indicators, 50 drawing tools, 14 chart formats, and a 4-window split-screen view to watch different markets at the same time. You can receive 200 free cloud-based notifications (based on price action/indicators) and may use the TrendRisk Scanner to analyse markets for high probability trades, as well as stop loss and take profit price ideas. There is also a real-time news feed to keep you up to date on the newest market developments.

With the daily, weekly, and monthly reports, you can see your trade history at a glance, or you may choose a timeframe of your own. With the unique quad display, you can gain a macro edge and watch four real-time charts on your mobile device.

You may use a comprehensive technical analysis toolbox to analyse trends and discover trade opportunities wherever and whenever. You may utilise advanced technology to conduct trades on a certain asset quickly and easily in order to receive the most advantageous prices. This cutting-edge technology ensures that you get the market information you need, when you need it.

The innovative TrendRisk Scanner will explore numerous assets and use risk management to give you real-time trading signals. You can drag any area on any chart to see how many pips or points it equates to in real-time. Overall, this is a solid trading platform but I still prefer MetaTrader as it comes with thousands of free and paid add-ons with almost limitless potential.

VPS Hosting

Running trading platforms on VPS hosting have grown in popularity among traders who demand complete control over their trading. VPS hosting enables you to keep your trading platform running remotely even when the power goes out, the internet goes down, or your machine unexpectedly shuts down. You just connect to a remote terminal whose server is located near servers and conduct all of your trading from any computer (Windows, Mac OS, Linux) without installing any software. ThinkMarkets teamed with ForexVPS, one of the most dependable VPS providers in the industry, to guarantee that the traders receive reliable execution without having to worry about technical issues. This free service is available to all traders who trade at least 15 round turn lots on Forex in a calendar month. You can get a free vps from some other brokers including Switch Markets.

ZuluTrade

With ZuluTrade, you may copy trades and share trading activities, ideas, and news with other traders in real-time. You get access to an expert Traders Board as a ThinkMarkets account holder with ZuluTrade, which evaluates them based on their performance as well as input from their followers.

You may completely configure your copying strategy on the ZuluTrade platform, including lot size, number of traders, trading hours, and risk management. ZuluTrade carefully screens each trader, employing powerful algorithms and a specialised Trading Desk so that the investor may choose a strategy according to their own individual preferences. Every month, a performance fee of 25% is levied on the profits made by each trading system. The advantage is that your objectives are completely aligned with the trader’s goals, and the cost for the copy trade service is clear. Traders are only rewarded if you make money.

ZuluTrade also charges a monthly subscription fee of $30. Customers of ZuluTrade will be charged directly by ZuluTrade through credit card, e-wallet, or other means. The ZuluTrade mobile app for both Android and iOS allows you to access the markets and manage your copy trading account from anywhere, at any time, without having to watch the markets 24 hours a day. It is important to note that ZuluTrade is a separate legal business that acts as a Service Provider for ThinkMarkets and is not linked with ThinkMarkets. There is no guarantee on results. Historical performance is not an indication of future results.

ThinkMarkets Platforms Summary

ThinkMarkets offers a variety of instructional materials for traders of various levels of expertise. They may be used to improve your trading knowledge and abilities. There are three trading courses available for beginners, intermediates, and experienced traders, covering all areas of trading such as trade placement, technical analysis, and much more. Trading guidelines for all levels of traders are available for download, and they cover a wide range of topics ranging from technical analysis to market psychology and more. To assist you in comprehending some of the most prevalent trading terminologies, the ThinkMarkets website contains a handy dictionary of trading words and meanings.

Trading Central

Trading Central’s set of tools for better trading is available through ThinkMarkets. Trading Central is a market leader in providing practical trading ideas and one of the best market analysis tools in my opinion, along with Autochartist. Their product portfolio includes technical, fundamental, and value-based data. These insights can aid today’s traders by supporting them in creating trade ideas, verifying trading choices, and risk management. If you do not want to study charts all day long, then Trading Central can be a great solution.

Trading Central’s technical techniques and professional data encompass an excellent range of financial markets including forex, precious metals, commodities, and indices from market-leading sources such as Bloomberg, Thomson Reuters, and Dow Jones, as well as key trading platforms.

AutoChartist

ThinkMarkets offers Autochartist, a strong pattern identification programme that may augment your technical analysis activity for quick and effective market analysis across various instruments. Autochartist can notify you when fresh possible trading opportunities are discovered and may be configured to search based on your own trading approach. The PowerStats function can help you evaluate a position’s risk and discover appropriate stop loss and take profit levels. This is another fantastic market analysis tool that can save you from hours of chart watching. You can also get free access to both Trading Central and Autochartist with GO Markets.

Video Tutorials

ThinkMarkets provides video tutorials for account opening, trading platforms, and educational guides.

Market Analysis

ThinkMarkets has a team of professionals that provide the most recent market news, daily insights, and analysis. They provide in-depth technical and fundamental analysis for a variety of markets and trading instruments. This can be a good way to keep up to date with the latest market moves and to inspire trade ideas.

Live Webinars

You may sign up for live interactive webinars hosted by ThinkMarkets’ in-house market specialists on a regular basis. These webinars may be an excellent method to learn more about trading and remain current on the essential trading issues. ThinkMarkets’ YouTube channel features many of their most popular webinars, which may be seen at your leisure 24 hours a day, seven days a week, without the need to sign up or subscribe.

Economic Calendar

The economic calendar offers past performance and future predictions of macroeconomic events for nations all around the world. I think this is a vital tool that I always like to check before making any trade decision. It is worth noting that you can get access to a news calendar that is built in to the MT5 platform which makes it easier to follow the latest news releases.

Technical Analysis

In this section, ThinkMatkets provides guides for technical analysis. You can always put the principles that you have learnt into practice with a free demo account.

ThinkMarkets Research and Education Summary

ThinkMarkets offers and accepts payments through a good variety of methods including bank transfers, debit/credit cards, electronic payment services, and cryptocurrencies.

ThinkMarkets Funding Summary

ThinkMarkets Group is a global financial services provider, and ThinkMarkets is a registered trademark of the group. TF Global Markets is regulated in the following jurisdictions:

ThinkMarkets Regulation Summary

ThinkMarkets Safety

In the unusual case of a default, ThinkMarkets provides private insurance covering client money up to $1,000,000 – a unique offering that gives investors more safety and reimbursement rights. This insurance is only accessible in specific areas. Therefore, please contact the Customer Support Team to find out whether you are qualified. ThinkMarkets adheres to the principles of transparency and defends the interests of its clients. Client money is separated in carefully selected top-tier institutions to increase security.

ThinkMarkets offers customer support via live chat, phone, and email 24/7.

ThinkMarkets is a regulated worldwide online broker that places a high priority on customer protection. They combine cutting-edge online trading technology with powerful trading platforms and tools to help you with your day-to-day trading activity. There is no minimum investment necessary, and clients may enhance their trading abilities and expertise by using the instructional materials supplied. Furthermore, the broker offers a variety of trading products across several asset classes. Despite the many positives, the overall fees can work out cheaper with other brokers if you shop around, FXTRADING.com being an example of a broker with lower commission fees and a similar offering.

ThinkMarkets Review

Minimum Deposit: $1

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