Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
ThinkMarkets Pros & Cons
- Narrow market spreads - from 0.0 pips.
- Minimum deposit of $50 on the ThinkTrader account.
- Regulated in countries with a high level of control over the activities of Forex brokers.
- Availability swap-free accounts.
- There are no cent accounts.
- There are no bonus programs, contests nor promotions that are held among its clients.
ThinkMarkets was launched in 2010 and has grown to offer Forex & CFD trading services globally since then. ThinkMarkets is duly licensed by the FCA (629628) in the UK, ASIC (ACN: 158 361 561) in Australia, CySEC (215/13) in Cyprus, JFSA (1536) in Japan, FSCA (49835) in South Africa, and the FSA (SD060) in Seychelles. With ThinkMarkets, one can trade more than 4000 global assets: forex, commodities, metals, indices, energies, crypto, stocks, futures, and ETFs . ThinkMarkets is an award-winning broker with offices in several countries of the world, in particular in Johannesburg (South Africa), Tokyo (Japan), Limassol (Cyprus), Dubai, London (the United Kingdom), and Melbourne (Australia).
TU Expert Verdict
ThinkMarkets demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
ThinkMarkets User Reviews
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5-star
7%
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4-star
22%
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3-star
69%
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2-star
1%
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1-star
1%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of ThinkMarkets have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and IG Markets, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of ThinkMarkets with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, ThinkMarkets’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
ThinkMarkets Standard spreads ThinkMarkets OANDA IG Markets EUR/USD min, pips 0.2 0.1 0.6 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.3 0.1 0.6 GPB/USD max, pips 0.5 0.5 1.5 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
ThinkMarkets RAW/ECN spreads ThinkMarkets OANDA IG Markets Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 2.3 EUR/USD avg spread 0.1 0.15 0.8 GBP/USD avg spread 0.1 0.2 1 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with ThinkMarkets. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
ThinkMarkets Non-Trading Fees ThinkMarkets OANDA IG Markets Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 20 0 0 -
Is ThinkMarkets Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10ThinkMarkets has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 16 years
- Strict requirements and extensive documentation to open an account
ThinkMarkets Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FCA UK Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 
CySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 
ASIC Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1 
JFSA Full Name Japan Financial Services Agency Country of regulation Japan Investor Protection Fund No specific fund Regulation Level Tier-1 
DFSA Full Name Dubai Financial Services Authority Country of regulation Dubai Investor Protection Fund No specific fund Regulation Level Tier-2 
FSCA SA Full Name Financial Sector Conduct Authority of South Africa Country of regulation South Africa Investor Protection Fund No specific fund Regulation Level Tier-2 
FMA NZ Full Name Financial Markets Authority of New Zealand Country of regulation New Zealand Investor Protection Fund No specific fund Regulation Level Tier-2 ThinkMarkets Security Factors Foundation date 2010 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.1 /10ThinkMarkets offers the following account options: Demo, Standard, ECN/Raw spread, Swap Free.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Swap Free (Islamic) account
- Low minimum deposit
- Tight spread ECN account
- Micro lots are not available
- No VIP account option
ThinkMarkets account types vs top competitors ThinkMarkets Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free YesNoYesVIP NoNoNoManaged NoNoNoThinkMarkets accounts trading conditions
ThinkMarkets offers three types of trading accounts: Standard, ThinkTrader and ThinkZero. Their conditions are suitable not only for professional traders but also for beginners in Forex. The accounts differ in the size of the minimum deposit and spreads, and the existence or non-existence of a commission.
Account types:
Account Type Description Standard Minimum deposit for a standard account - $250. It allows you to trade with leverage up to 1:500 (1:30 EU) and spreads from 0.4 pips. The platforms are MT4, MT5, and ThinkTrader. Personal manager services are not provided; ThinkZero ThinkZero is an account for professional trading with a minimum deposit of $500. Spreads start at 0.0 pips. Commission for 1 lot for currencies and metals is $3.5 each way. This account is not available when choosing the ThinkTrader platform for trading. ThinkTrader Minimum deposit - $50. Leverage up to 1:500 (1:30 EU), spreads from 0.4 pips and zero commission. The platform is TradingView. 4000+ trading instruments: forex, commodities, indices, crypto, stocks, and ETFs. Before opening a real account with a broker, every interested trader can test the speed of the terminals and trading conditions on a demo account.
ThinkMarkets is a regulated international broker whose trading conditions are suitable for traders of any Forex experience.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.5 /10ThinkMarkets received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
ThinkMarkets provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Minimum deposit below industry average
- Bank wire transfers available
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- BTC payments not accepted
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are ThinkMarkets deposit and withdrawal options?
ThinkMarkets provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.
ThinkMarkets Deposit and Withdrawal Methods vs Competitors ThinkMarkets Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal YesYesYesWise NoNoNoBTC NoNoYesWhat are ThinkMarkets base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. ThinkMarkets supports the following base account currencies: USD, EUR, GBP, JPY, AUD, CHF.
What are ThinkMarkets's minimum deposit and withdrawal amounts?
The minimum deposit on ThinkMarkets is $500, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact ThinkMarkets’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.3 /10ThinkMarkets offers a wider selection of trading assets than the market average, with over 4000 tradable assets available, including 50 currency pairs.
- Copy trading platform
- 50 supported currency pairs
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by ThinkMarkets with its competitors, making it easier for you to find the perfect fit.
ThinkMarkets Plus500 OANDA Currency pairs 50 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 4000 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products ThinkMarkets offers for beginner traders and investors who prefer not to engage in active trading.
ThinkMarkets Plus500 OANDA Bonds NoNoYesETFs YesYesNoCopy trading YesNoYesPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at ThinkMarkets by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.6 /10We successfully registered an account with ThinkMarkets in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at ThinkMarkets is $500. The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
ThinkMarkets account opening ThinkMarkets Plus500 OANDA Online Registration YesYesYesMinimum deposit $500 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 20 10 KYC time (days) 2 3 3 Is ThinkMarkets available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To become a client of ThinkMarkets and trade with a Forex broker, you need to:
Register on the official website of the company and open a trading account. To do this, on the main page, click the "Create Account" button.
Indicate your full name, phone number, email address, country of residence. Choose an account type: demo, individual, joint, or corporate. Download the terminal (or go to the web version) and enter the login and password generated by the broker in it. Verification is required before making a deposit.
In the ThinkMarkets personal account, the broker's client can:
- Replenish the deposit and submit a withdrawal request.
- Switch between accounts, open new accounts.
In your personal account, you will have access to the following functions:
- connection to a free VPS server;
- prompt communication with technical support specialists;
- viewing the history of transactions carried out on accounts.
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Customer Support
Score:We evaluated Customer Support at ThinkMarkets by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria4.9 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationSupport service hours: 24/7.
- Fast communication by phone and online chat
- Multilingual support
- 24/7 customer support
- No
Available methods to contact the broker’s support service:
- by phone in the UK;
- by email;
- in a live chat on the official website;
- in messengers of Facebook and Twitter.
Support is available from the broker's website and through your personal account.
Contacts Foundation date 2010 Registration address G07, 35 New Broad St, London EC2M 1NH Regulation FCA, ASIC, FSCA, FSA (Seychelles), CySEC, JFSA, DFSA Licence number:
629628, 424700, 49835, SD060, 215/13, 0250Official site thinkmarkets.com Contacts support@thinkmarkets.com deposits@thinkmarkets.com +44 203 514 2374 (UK), +248 4373952 (SY)
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FAQs
How is ThinkMarkets regulated and what security measures are described in the review?
The review states that ThinkMarkets has a safety score of 10/10 and is regulated by several Tier-1 authorities, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), and JFSA (Japan), as well as Tier-2 regulators such as DFSA, FSCA SA, and FMA NZ. It highlights features like negative balance protection, mandatory KYC verification, and participation in investor protection schemes in the UK and Cyprus, while noting that some other jurisdictions do not have specific compensation funds mentioned.
What types of trading accounts and key conditions are outlined for ThinkMarkets in the review?
The review describes three main trading accounts: Standard, ThinkZero, and ThinkTrader, along with demo and swap-free options, but notes that Cent and micro accounts are not available. It specifies minimum deposits of $50 for ThinkTrader, $250 for Standard, and $500 for ThinkZero, with leverage up to 1:500 (1:30 in the EU), spreads starting from 0.0–0.4 pips depending on the account, and a $3.5 each-way commission per lot on ThinkZero for currencies and metals.
What do ThinkMarkets user reviews and feedback say about overall satisfaction levels?
The user satisfaction score for ThinkMarkets is 6.6/10 based on 91 reviews, with the majority (69%) being 3-star ratings and smaller portions of 4-star and 5-star reviews. According to user reviews, this distribution indicates a generally mixed level of satisfaction rather than strongly positive or strongly negative sentiment.
What markets and tradable assets are available with ThinkMarkets according to the review?
The review notes that ThinkMarkets offers over 4,000 tradable assets, including 50 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices. It also mentions that ETFs and copy trading are available as investment options, while bonds, options, PAMM investing, and managed accounts are not offered.
What comments does the review provide about opening a trading account with ThinkMarkets?
The review explains that account registration with ThinkMarkets is fully online, took 20 minutes in the test, and that KYC verification was completed within 2 business days, with a stated minimum deposit of $500 in this section. It adds that the onboarding process functions as expected but may take longer than some users anticipate, and that the personal account allows funding, withdrawals, switching or opening accounts, connecting to a free VPS, contacting support, and viewing transaction history.
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