Think Markets review and ratings

Established 2010
Location Australia New Zealand UK Cyprus South Africa UAE Japan Cayman Islands Mauritius Seychelles
Regulation ASIC, FSPR, FMA, FCA, CySEC, FSCA, DFSA, JFSA, CIMA, FSC, SFSA
Offices Melbourne, Auckland, London, Limassol, Johannesburg, Dubai, Tokyo, George Town, Ebene, Mahe
Broker type STP | ECN
Leverage up to 1:500 (1:30 for AU and EU clients)
Deposit from 5 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 Specific FIX API (protocol)
Instruments Currencies Crypto Indices Metals Energies Softs Stocks ETFs
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller BitPay Bpay POLi

Company information

Think Markets group includes several related companies.

Think Markets AU - located in Australia, regulated by Australian Securities and Investments Commission (ASIC).
Think Markets NZ - located in New Zealand, registered by the Financial Service Providers Register (FSPR) and regulated by the Financial Markets Authority (FMA).
Think Markets UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
Think Markets CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Think Markets SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Think Markets UAE - located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
Think Markets JP - located in Japan, regulated by the Japan Financial Services Agency (JFSA).
Think Markets KY - located in the Cayman Islands, regulated by the Cayman Island Monetary Authority (CIMA).
Think Markets MU - located in Mauritius, regulated by the Financial Services Commission (FSC).
Think Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Be aware, UK and CY companies have some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021.

Availability

Think Markets group accepts clients from all over the world, excluding USA, Canada, Russia and some other countries where restrictions apply.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

40+ Currency Pairs Based on major and minor world currencies.
16 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Cardano, Dogecoin, BAT, DASH, Polkadot, EOS, Chainlink, Zcash, Tezos, Stellar, Monero.
16 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
8 Metal CFDs Based on Gold, Silver, Platinum and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
2 Soft Futures Based on Coffee and Cotton.
1500+ Stock CFDs Based on shares of AU, US, UK, EU, South Africa and Hong Kong companies.
50+ ETF CFDs Based on exchange-traded funds containing various tradable assets.

Comprehensive review

Think Markets is a large international forex & CFD broker with registered offices in Australia, New Zealand, the United Kingdom, Cyprus, South Africa, the United Arab Emirates, Japan, the Cayman Islands, Mauritius, and the Seychelles.

The broker is regulated locally in all the jurisdictions it has offices in, an impressive feat given how many registered branches it has. The regulatory agencies that oversee Think Markets include the highly regarded Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa.

Looking up Think Markets in the FCA's database confirms that the firm is authorized to operate under the business name TF Global Markets (UK) Limited. Likewise, a search in ASIC's database also confirms that the company is properly registered and regulated in Australia under the name TF Global Markets (Aust) Pty Ltd, and in South Africa under the name TF Global Markets (South Africa) (Pty) Ltd.

Think Markets offers all of its traders access to trading in the forex market, as well as CFD trading with cryptocurrencies, stock indices, and commodities, including metals, energies, and soft commodities. In addition, more than 1,500 single stocks and 50+ exchange traded funds (ETFs) are available as CFDs, which is considerably more than most other forex brokers offer.

Founded in 2010, Think Markets was recognized by Forex Magnates with the award for ‘Best Mobile Platform’ in 2012 for the mobile version of its proprietary Trade Interceptor trading platform, which has now been rebranded under the name ThinkTrader. In addition to this platform, however, the broker also offers the classic MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. In sum, all of these platforms make transitioning to this broker effortless for most people who have previously traded with other brokers.

Among these platforms, ThinkTrader in particular is known as one of the leading trading platforms designed specifically for mobile devices, although it can also be used as a traditional web platform on any type of computer. The platform offers a range of technical indicators and unique chart drawing tools that makes trading easy even for beginners.

As usual, the maximum trading leverage that is available to traders depends on the country the trader is from, as well as which local entity of the broker the trader is signed up with. With most of the offshore-registered entities, leverage all the way up to 1:500 is available. For traders assigned to the UK or Australia-registered entities, however, the leverage is capped at only 1:30 even for major FX pairs, in accordance with regulations from the FCA and ASIC.

Despite these regulatory limitations, Think Markets is known to accept Australian and EU-based traders with its offshore entity in the Seychelles, which is a nice way for these traders to get access to higher leverage than is allowed in their home countries.

Think Markets has an extensive library of trading resources freely available on its website for everyone who wants to learn about trading. These educational resources include their own webinars, which traders can sign up for to attend live. The website also includes complete trading tutorials for beginners, as well as for intermediate and advanced traders.

Finally, Think Markets customer support can be reached via local phone numbers in the UK, Australia, Italy, Spain, and the UAE, as well as by email to the relevant department. Customer support is open 24 hours a day on all trading days, which is something we always appreciate.

Reviews from traders

4/5
(1 vote)
4/5
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