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.
TU Expert Verdict
ThinkMarkets is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
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, ZForex and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
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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
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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.
- Demo account
- Low minimum deposit
- Swap Free (Islamic) account
- No VIP account option
- No Cent account
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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.
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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.
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Trading Account Opening
We 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.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 /10The onboarding procedure works as expected, although there is room for improvement in speed and simplicity.
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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 /10
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FAQs
How are ThinkMarkets trading commissions, spreads, and non-trading fees structured?
ThinkMarkets has been assessed as having medium overall fees, with low forex trading fees, tight EUR/USD spreads, and no deposit or withdrawal fees. Standard accounts include commissions within floating spreads (e.g., EUR/USD typically 0.2–0.3 pips, GBP/USD 0.3–0.5 pips), while RAW/ECN accounts charge a $3.5 commission per lot with average EUR/USD and GBP/USD spreads of 0.1 pips. Non-trading fees include a $20 monthly inactivity fee, while deposit and withdrawal fees are listed as 0.
What trading account types and conditions does ThinkMarkets offer?
ThinkMarkets provides Demo, Standard, ECN/Raw (ThinkZero), Swap Free, and ThinkTrader accounts, but does not offer Cent, Micro, VIP, or managed accounts. Minimum deposits range from $50 for ThinkTrader to $250 for Standard and $500 for ThinkZero, with leverage up to 1:500 (1:30 in the EU), spreads from 0.0–0.4 pips depending on the account, and commissions of $3.5 each way per lot on ThinkZero. The broker states that its conditions are suitable for both beginners and more experienced traders, and demo accounts are available for testing.
What do ThinkMarkets user reviews and feedback indicate about overall satisfaction?
ThinkMarkets has a user satisfaction score of 6.6/10 based on 91 reviews, with a rating distribution of 7% 5-star, 22% 4-star, 69% 3-star, 1% 2-star, and 1% 1-star. Overall, user reviews are described as mixed, suggesting a balance of positive and neutral or moderate experiences rather than a strongly favorable or unfavorable consensus. According to user reviews, there is no clear dominant trend of either strong praise or strong criticism.
What deposit and withdrawal methods and conditions does ThinkMarkets provide?
ThinkMarkets supports deposits and withdrawals via Bank Card, Bank Wire, PayPal, Skrill, and Neteller, and it offers 5+ base account currencies including USD, EUR, GBP, JPY, AUD, and CHF. The broker is noted for having no withdrawal fee, a low minimum withdrawal requirement, and a medium overall score for funding efficiency, but BTC and Wise are not supported and flexibility is described as limited, which may lead to higher costs. The minimum deposit is stated as $500 and the minimum withdrawal as $30, though these amounts may vary by account type and payment method.
How do reviews describe the ThinkMarkets trading account opening process and verification?
The ThinkMarkets account opening process is fully online, with registration taking about 20 minutes and KYC verification around 2 business days in the described test. The minimum deposit mentioned for opening an account is $500, and KYC is mandatory before funding. Based on available user reviews and testing, the onboarding works as expected but may feel slower or more complex than ideal for some users.
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