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Think Markets review and ratings

Established 2010
Location Australia UK South Africa Bermuda
Regulation ASIC, FCA, FSCA
Offices Melbourne, London, Johannesburg, Hamilton
Broker type STP | ECN
Leverage up to 1:500
Deposit from 5 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 Specific
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 4 related companies.

Think Markets AU - located in Australia, regulated by Australian Securities and Investments Commission (ASIC).
Think Markets UK - located in the United Kindom, regulated by the Financial Conduct Authority (FCA).
Think Markets SA - located in South Africa, regulated by the Financial Sector Conduct Authority (FSCA).
Think Markets BM - legally registered entity located in Bermuda, but not regulated by any government agency.

Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
At the same time, AU company accepts European traders, so one can open a trading account there.

Availability

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

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

35+ Currency Pairs Based on major and minor world currencies.
5 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.
14 Indice CFDs Based on baskets of different blue-chip stocks and US Dollar Index.
7 Metal CFDs Based on Gold, Silver, Platinum and Copper.
3 Energy CFDs Based on Crude Oil (WTI, Brent) and Natural Gas.
6 Soft Futures Based on Cocoa, Coffee, Cotton, Corn, Soybean, Wheat.
1200+ 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, the United Kingdom, South Africa, and Bermuda. With the exception of Bermuda, which does not regulate forex brokers, Think Markets is regulated locally in all the jurisdictions it has offices in. This includes oversight by the highly regarded Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and by 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 1,200 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, the ThinkTrader mobile platform in particular is known as one of the leading trading platforms designed specifically for mobile devices, with a range of technical indicators and unique drawing tools available.

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 the Australian, South Africa, and Bermuda-registered entities, leverage all the way up to 1:500 is available. For traders assigned to the UK-registered entity, however, the leverage is capped at only 1:30 even for major FX pairs, in accordance with new ESMA regulations.

Despite these regulatory limitations, Think Markets is known to accept even EU-based traders with its Bermuda-based entity, which is a nice way for European traders to get access to higher leverage. It is worth noting, however, that the Bermuda-based entity is not regulated by any government agency. As always, this brings with it its own set of challenges and uncertainties for traders.

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, South Africa, Italy, and Spain, 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.

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