Overall Rating


Top 5 Forex Brokers

Read our full ThinkMarkets review below.


Found in 2010, ThinkMarkets is a respectable forex and CFD brokerage firm with its headquarters located in London and Melbourne. This online broker is regulated by ASIC Australia, FCA in London as well as FSCA in South Africa.

At ThinkMarkets, clients can trade a range of trading instruments, such as ten commodity CFDs, and five cryptocurrencies, and 13 future contracts.

The broker also offers a variety of trading platforms to its traders, including MT4, MetaTrader 5, and ThinkTrader.


ThinkMarkets is a global broker, and they are headquartered in Melbourne and London. The company has offices in many other parts of the world such as the Middle East, Asia Pacific region, as well as South America, Europe, and North Africa.

It is regulated in at least four jurisdictions which include the United Kingdom, Australia, Seychelles as well as South Africa. The implication of this is that the brokerage offers a safe and most secured trading environment.

Furthermore, they use the most advanced trading technology to secure their platform. Currently, they offer the most powerful three trading platforms, as well as three trading tools and more than one thousand five hundred assets that traders can choose from. The cost structure is one of the most affordable in the industry.

Every trader including the new and experience have access to the most useful resources available in this market, which include an educational blog, educational materials and you can get daily market commentaries from these as well as a projection of what tomorrow may look like.

Since the year 2010, this company has been in existence and it was created by an experienced investor Nauman Anees, who is also the chief executive officer of that company. It has operations in 75 countries of the world.



*It is regulated in many parts of the world such as ASIC Australia, FCA in London as well as FSCA in South Africa.

*The broker makes available the tightest spread available in the industry

*Great for beginners

*It makes available PAMM and MAM accounts

*The platform is quick and easy to use

*Offers an excellent customer support

*Copy trade is possible


*Two account types that charge commission

*Does not allow US residents to the platform

*No web-based trading platform

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The platform has a widespread trading instrument. At present, there are more than 1500 trading assets investors can select, and this covers a wide range of markets. Forex traders can enjoy more than forty currency pairs as well as ten commodity CFDs, and five cryptocurrencies, and 13 future contracts.

For equity traders, this is the best choice and for foreign exchange traders, the selection is limited. This company offers its services at the most competitive prices.


As mentioned before ThinkMarkets make available three trading platforms for its clients. This includes the automated trading platform, which is the MT4 trading system which remains the most popular alternative in the market today.

It comes with the most wonderful infrastructure. Besides, there are more than 20000 expert advisors, as well as many custom indicators. Most of these are free to use.

It is not surprising that this broker remains the most favorite for more than fifteen years running. Apart from that, the broker makes available the MT5 trading system this is supposed to be a successor to the MT4, but it is not as efficient as MT4. These two platforms are equipped with essential upgrades, and there are two such upgrades. These include the Autochartist plugin and the Trading Central.

These are considered cutting-edge solutions to this platform. Depending on the type of account you use, you will have access to Thinktrader, which is unique to this broker. This is considered a replacement for manual trading. It equally comes with a bright user interface, as well as real-time news from the FX Wire Pro.

This offers the best trading experience for anybody, and it is the best for learners to master the trade. In other words, this broker uses three trading platforms which include the Metatrader 4, and the MetaTrader 5, as well as the ThinkTrader. These can be used to trade any of the assets the company makes available to its clients. If you like you can make use of two trading platforms at the same time.


This is the most popular trading platform and that is because of the great infrastructure it offers to its users. The system also makes for the optimization of strategies.

MetaTrader 4 is also available on mobile devices including windows, android and iOS supported mobile devices. It is also available for desktop. When you use this platform on this broker, it has wonderful benefits you can derive from it.

This app is accompanied by the most advanced trading indicators such as AutoChartist. Besides, it makes available various customizable options for its traders. These are designed to satisfy the needs and aspirations of its traders. The spread is also amazing, and it is described as razor thin. Most importantly, a client’s insurance of up to one million dollars at no other cost is available.

MetaTrader 5

This is another trading instrument, and it is designed on the standard of the MT4. It comes with lots of features that are beneficial to traders. This includes 21 timeframes, 6 pending order types, which are two above MT4.

Furthermore, it makes for netting and hedging. This is in addition to the multi-thread strategy tester for EAs. Most importantly, it makes for partial order filling, and some of these features are not supported by the MT4. Besides, there is a calendar inbuilt to the system. This is downloadable on mobile devices as well as desktop devices.


This platform is an in-house design which means that it is peculiar to the broker. The system has access to 80 indicators as well as 50 drawing tools and chart types. All these tools are useful for trade analysis.

Besides, it offers 200 cloud-based alerts which can be delivered to the trader’s device of choice even when the traders are not available online. There are several other benefits that this software makes available to traders which increases their trading experience.

This software as said before is just for this broker as you cannot get it from other brokers. You can see that the broker makes trading easier and execution easier as well. It is equipped with the most interesting features. You can use all these platforms on different operating systems including your PC, android, iOS, and other operating systems.


The broker makes available to its client’s different account types. They can consider the various account options, compare their features, and make their choice. Here are the various account options available with the broker.

Standard account

This is one of the account options available. Here are some of the features of this account and they include the following:

  • This offers a forex spread from 0.4 pips as well as an average FX spread of 1.2 pips. The CFD is from 0.4 points.
  • The broker does not demand any commission charge
  • The minimum operating balance is $0
  • In the same way, the maximum leverage it demands is 1:500
  • The maximum tradeable size is 50 lots
  • Furthermore, there are free VPS services

ThinkZero account

This is another trading account available with this broker. It offers its clients the opportunity to increase the trading to the razor-thin spreads that start from zero and this combines with very tight commissions.

Here are some of the features of this account option:

  • It also makes for maximum leverage of 1:500
  • It offers raw FX spreads that commence from 0 pips
  • The minimum deposit for this account is $500
  • Those investing in metals and forex pay a commission of $3.5

The other account that you can get from the broker includes the joint account. There is also the option for the opening of an Islamic and sharia-compliant account.

When opening the sharia-compliant account there are some benefits associated with it and they include the following:

  • It makes it possible for Muslim traders to trade on the internet and at the same comply with the sharia law.
  • The account is not associated with any swap or interest
  • When there is an overnight held position, it does not attract swap and rollover charges
  • It also offers other benefits like 0 spread for forex traders
  • No hidden trading fees of any kind

Beginner traders can start with a demo account that the broker makes available to them. The demo account is available for the ThinkZero and Standard accounts. If the demo account is inactive for 90 days, it will be deactivated.

Once you come to it and practice with it continuously, it would be open, but the company reserves the right to close the account when they deem it feet.


It is not difficult to open an account with this broker. The whole application process is simple since it is digitalized. It takes just three steps.

The first step is filling out the online application form which is available on the website. Here you would be required to provide them with the basic information. The applicant will also be required to make available some documentation, and this is to verify their identity as well as the account. The documentation includes proof of residence.

Whichever account you want to create you are required to present some important documentations and they include the following:

  • Photo ID which includes valid government-issued ID, passport as well as National Identity Card
  • Proof of residence and this could involve the presentation of a landline phone bill, utility bill or you provide your bank statement that must not be older than three months old.
  • Where the application is for a joint account, each of the participants would be required to make documentation of each of them and make it available.
  • If a corporate entity is applying for the account, they would be required to present certain documentation, and these include the following:
  • Certificate of incorporation as well as the article of incorporation
  • They will also present the proof of address

When the application is successfully made, the login details would arrive but may take up to two business days for the login details to arrive. All you need is to make a valid document, submit them. These would be verified.


ThinkMarkets also makes allowance for the creation of demo trading account and they advance and virtual amount of twenty-five thousand pounds. This provides opportunities for traders to know how to use the trading platforms and gain the necessary experience which they deploy when they eventually trade a live account.

As said before the account is unlimited, and it will be deactivated if you allow it unused for ninety days.


The company also offers social trading and copy trading. They offer this through the Zulu Trade.


The fees they charge varies and it depends on the type of trading account you have. The standard trading account demands a zero deposit and the ThinkZero account demand a minimum deposit of just $500.

The first option is for beginner traders while the second is meant for professional traders who have gained enough experience. It offers a lower trading spread including the commissions demanded each trade.

They can also gain access to some of the useful trading tools and that does not involve any extra charge. When it comes to trading fees, the company is better than others out there.


The broker helps their clients by offering them the opportunity to trade with better leverage. Here is the leverage they offer for the different instruments they trade:

  • Forex has a leverage of 1:500
  • Indices have 1:200
  • Commodities offer 1:200
  • Cryptocurrency is 1:5

When you are trading, try to have enough capital in the account and that makes margin call irrelevant


When it comes to withdrawals and deposits, the broker makes different options available for their clients. Here are some of the available payment options:

Bank wires

This is available for trading currency which includes the major currencies like AUD, EUR, USD, GBP, and CHF. Transactions here are complete within 1 to three business days.

Card method

This includes credit and debit cards and credit cards. Here you can transact the same currencies mentioned above. The benefit of this one is that transactions are processed without delay.


This payment option is also available, and it involves the following currencies, and they include USD, GBP, EUR, AUD, JPY.


Here they transact on the same currencies and the funding can be done with the next ten minutes.


It is for the cryptocurrency and the money accepted here is bitcoin, bitcoin cash as well as ether.


A withdrawal request would be made before funds are withdrawn from the system. The withdrawal request is often done in the ThinkPortal and you submit it online after making that request. You get that from the withdrawal fund section of the platform.

The system does not allow thirty parties to withdraw or deposit money to the system. It is a violation of their terms and policies. The withdrawal requests are processed within 24 hours, but the money can get to the destination with one to seven business days. This however depends on the payment method you choose.

The funds to be withdrawn would be the same channel it was deposited. If you choose to withdraw through wire transfer, the minimum that you can withdraw from the system is one hundred dollars. This can cost up to $25 for international bank wire transfers.


ThinkMarkets provide effective customer service support for their clients. They use different platforms to talk to their clients, and this includes telephone contact. They make their telephone number available for easy access. Another way of contacting them is the email address which they also display.

There is also the live chat option, and this is available on the site. You can also check the FAQs section for more details. Customer support is available on trading days and the staff is always available to attend to your requests.

You can check the website for the various contact details such as their telephone numbers. The telephone depends on the place you are trading from. The best way to contact them is through live chat.

Most importantly, this broker is making extensive use of social media such as Facebook, Twitter, LinkedIn, YouTube as well as Instagram.


This broker is one of the safest to do business with because they are well regulated.

They operate in at least three jurisdictions and these provide laws that govern them in each of the three jurisdictions, which include the Australian Securities and Investment Commissions and UK financial Conduct Authority, as well as the South African Financial Sector Conduct Authority.

This is strongly regulated and that means that your investment with this broker is one hundred percent secured.

The other safety feature they put in place is the segregation of clients’ trading account from the company account. This ensures the broker does not dip hands into the client’s funds. Most importantly, they provide coverage of one million dollars in the form of insurance coverage.

Overall, the company is secured, and one hundred percent save in doing business with them.


Presently the broker does not offer any cashback. Check from time to time to find out when the incentive is available with the broker.


The brokers do offer a lot of research information and the bulk of that originates from the Autochartist, as well as the trading center. Besides, there are four in-house analysts of the market which they deploy.

These are experts and they provide a reliable and comprehensive commentary of the market, as well as make available different trading ideas. You can get this from the market new section. It is left for the readers to consider and compare the information according to the categories, markets as well as quality of the authors.


Quality research and educational resources are made available to clients. The educational contents are good for every trader, and not just new traders. The education resources are not available in just one portal, it is scattered in different places and you must look for them.

The most important of this is the training guide which is split into three different sections. It offers the best information, and it remains the best places from where beginners can easily get started from the platform.

There are also other useful articles about the trading platform which can help them to master the system very well. There are also webinar resources that can benefit the clients.


The broker has won the best value broker in Asia in the year 2020 during the global forex awards. This award was given because they were considered the best mobile platform, and this was presented to the company by the forex community. The other award they must include those about customer service support.


There are no promotions available with this platform and there is no record that they have hosted any.


In the same way, there is no contest now. The possibility of organizing it may be there in the future.


It is safe to do business with this broker. You can see from the information above that ThinkMarkets are monitored by at least four regulatory bodies. Because of that, it would be difficult for them to misbehave.

The broker is monitored by FCA, ASIC, and well as South African body. Moreover, they make their funds to be different from that of their clients. It is not easy for them to tamper with your fund.

The physical address and location of the brokers are known, and the founder of the company is known. These are real people. The brokerage company is not a scam.


ThinkMarkets is perhaps the most reputable company you can entrust with the digital trading fund. They use the most superior platform and have most of the instruments you can trade on. Their trading platform is the most reliable in the market, and they used the most advanced technology to predict the market for you.

The platform layout is simple and easy to use, and every beginner will not find it hard to use this platform. It is also one of the most cost-effective brokers you rely on today. Everything about the company is easy.

ThinkMarkets Review

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