ThinkMarkets Review New Zealand 2026

How popular is ThinkMarkets in New Zealand?

New Zealanders made 40 branded searches for ThinkMarkets in August 2026, placing it 6th of the 6 brokers we review. Search interest measures attention, not quality; the score above is the review verdict.

6of 6Search interest rank

40

Brand searches, August 2026

n/a below 1,000

vs July 2026

10

Login searches

0.4%

Share of all searches

Source: Google search volume, New Zealand, August 2026.

How this is measured

Google Ads reports how many times a month people in New Zealand searched each broker's brand terms, and the brokers are ranked on that figure alone.

A term counts for a broker only when that broker's own website holds the first organic Google result for it in New Zealand; bare brand words that any company could own are left out.

A month-on-month change prints only where the previous month reached 1,000 searches, because Google rounds smaller volumes.

These figures were collected once and are not refreshed monthly, unlike the monthly refreshes for this site's other markets; the first-organic-result check, which determines which search terms count for which broker, was run once on 20 September 2026 and does not repeat.

Is ThinkMarkets safe? FMA licence, TF Global Markets (Aust) Ltd

Yes, TF Global Markets (Aust) Ltd holds an active derivatives issuer licence from the FMA, granted on 17 December 2021, and is separately registered as a Financial Service Provider, FSP623289. I confirmed the licence status on the FMA register, read on 19 September 2026.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Licensee name on the FMA register	TF Global Markets (Aust) Ltd	FMA licensed providers register
Issuer named in the statement	ThinkMarkets is a trading name of TF Global Markets (Aust) Pty Ltd, an Australian-incorporated derivatives issuer	Product disclosure statement, page 25
Registration number on the Financial Service Providers Register	FSP623289	FMA licensed providers register
Licence category	Derivatives issuers	FMA licensed providers register
Licence status	Active	FMA licensed providers register
Licence granted	17 December 2021	FMA licensed providers register, licence granted field
Register read on	19 September 2026	FMA licensed providers register
FMA enforcement action against this company	None found, searched 21 September 2026	FMA enforcement search on fma.govt.nz
What the statement says about regulation	holds a derivatives issuer licence from the FMA and, separately, Australian Financial Services Licence 424700	Product disclosure statement, page 25
Regulators of the group	ASIC, FCA (United Kingdom), CySEC, JFSA, DFSA (Dubai), FSCA (South Africa), CIMA, FSA (Seychelles), FSC-M, FMA (New Zealand)	Our global broker test
Licensee register page	https://www.fma.govt.nz/business/licensed-providers/tf-global-markets-aust-ltd/	FMA licensed providers register

Every row above names its own record: seven from the FMA register, two from the product disclosure statement, one from an FMA enforcement search and one from our global broker test.

Some of the abbreviations on this page are expanded to the regulator's full name: a broker regulated by FCA is regulated by the Financial Conduct Authority; by DFSA, the Dubai Financial Services Authority.

The register lists both, and the two are different things. The FSP registration is not the licence: it is this licence, the derivatives issuer licence, that authorises the issuing of the derivatives a New Zealand client trades, and the registration sits alongside it. The register holds the trading name Thinkmarkets for this entity. More on the derivatives issuer licence and the full register.

FMA regulation and global licences

The licence category on the register is derivatives issuers, and the licence status is active (FMA register). That is what the register holds for this entity, and it is the licence a New Zealand client contracts under.

The wider ThinkMarkets group is regulated outside New Zealand by the FCA in the United Kingdom, CySEC, the JFSA, the DFSA in Dubai, the FSCA in South Africa, CIMA, the FSA in Seychelles and the FSC-M (our global broker record).

FMA enforcement history

A search of fma.govt.nz on 21 September 2026 under 4 search terms returned no FMA enforcement action against this company: TF Global Markets (Aust) Ltd, TF Global Markets, ThinkMarkets, Thinkmarkets.

Source: the Financial Markets Authority, fma.govt.nz, searched 21 September 2026.

ThinkMarkets client money protection and dispute scheme

A New Zealand client contracts with the entity the statement names on page 25: ThinkMarkets is a trading name of TF Global Markets (Aust) Pty Ltd, an Australian-incorporated derivatives issuer. The FMA register names the licensee TF Global Markets (Aust) Ltd, and each source carries its own spelling.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Where client money is held	segregated from the firm's own money and held on trust in one or more bank accounts, pooled with other clients' money	Product disclosure statement, page 24
Whether client money is pooled	client funds are pooled with other clients' money in the trust account	Product disclosure statement, page 24
Interest on client money	ThinkMarkets keeps the interest, calculated daily, on positive balances in the client funds trust account	Product disclosure statement, page 23
Time the firm has to respond	21 days from the initial complaint is the firm's own target	Product disclosure statement, page 25
Scheme contact details	IFSO Scheme, PO Box 10-845, Wellington 6143, telephone 0800 888 202	Product disclosure statement, page 25
Cost to the client of using the scheme	no cost to use IFSO	Product disclosure statement, page 25
Fee on an account already in negative balance	no fee is charged on an account that is already in negative balance	Product disclosure statement, page 23
Losing more than you deposit	a client can lose more than they deposit and may have to deposit more	Product disclosure statement, page 14

Every row above comes from one record, the product disclosure statement.

History and ownership

The FMA register holds the licensee as TF Global Markets (Aust) Ltd, with the trading name Thinkmarkets. The product disclosure statement, page 25, names the issuer TF Global Markets (Aust) Pty Ltd and says it holds a derivatives issuer licence from the FMA and, separately, Australian Financial Services Licence 424700. Both names are on record, each from its own source.

Where a New Zealand client’s money is held

Client money is segregated from the firm’s own money and held on trust in one or more bank accounts (page 24). Client funds are pooled with other clients’ money in that trust account (page 24). The firm is entitled to retain any interest, calculated daily, on positive balances in the client funds trust account (page 23).

Who a New Zealand client contracts with

Margin FX contracts and CFDs are derivatives, which are contracts between you and ThinkMarkets that may require you or ThinkMarkets to make payments. The contract specifies the terms on which those payments must be made (page 2).

How to complain, and who hears it

ThinkMarkets is a member of an independent dispute resolution scheme operated by the Insurance and Financial Services Ombudsman Scheme, the IFSO Scheme (page 25). Its contact details are IFSO Scheme, PO Box 10-845, Wellington 6143, telephone 0800 888 202 (page 25). The firm’s own target is to try to resolve a complaint within 21 days from the day of the initial complaint (page 25), and there is no cost to a client to use IFSO services (page 25).

ThinkMarkets at a glance: 5 key facts

Here is the summary view of ThinkMarkets for a New Zealand reader: the score, the round turns and the fill times, drawn from our global broker test, Ross Collins’s spread tests and the broker’s own site. The licence and client money facts are in the two sections above.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Published score	70 out of 100, global	Our global broker test
Raw EUR/USD round turn	US$9.20 per 1.0 lot, 0.22 pips tested	Ross Collins's spread tests (spread), our global broker test (commission), computed
Standard EUR/USD round turn	US$11.00 per 1.0 lot, 1.1 pips advertised minimum	Broker site, read 3 September 2026
Limit order fill	161 ms, global	Our global broker test
Market order fill	248 ms, global	Our global broker test

Every row above names its own record: three from our global broker test, one from Ross Collins's spread tests and one from the broker's own site.

ThinkMarkets spreads and commission

None of these figures was measured on a New Zealand account, and they are carried over from global testing: the raw account’s spread comes from Ross Collins’s spread tests. The standard account’s figure is the broker’s own advertised minimum, not a measured one. Every figure in this section is held in US dollars.

Raw spread plus commission

Ross Collins’s spread tests hold a spread of 0.22 pips on this account, and the time at the minimum spread in our zero-spread testing was 97.93 per cent. The commission is US$7.00 per lot, so the round turn on 1.0 lot of EUR/USD is US$9.20. One pip on a standard lot of EUR/USD is US$10.00, which is how the round turn is built. The methodology behind the tested figure is on our tightest spreads page, read 3 September 2026.

One spread, no commission

This account charges no commission, and its spread is an advertised minimum of 1.1 pips: the broker publishes it, and we did not measure it. That works out to a round turn of US$11.00 on the same basis. A trader comparing the two accounts should weigh the tested raw figure against the published standard figure on their own trading size.

What it costs to trade with ThinkMarkets

The round turns above are the trading cost; the fees below are standing costs that can catch a New Zealand trader who does not read the statement’s fee pages.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Raw spread plus commission: EUR/USD spread	0.22 pips, tested	Ross Collins's spread tests
Raw spread plus commission: commission per 1.0 lot round turn	US$7.00	Our global broker test
Raw spread plus commission: cost per 1.0 lot round turn	US$9.20	Computed, spread times US$10 a pip plus commission
One spread, no commission: EUR/USD spread	1.1 pips, advertised minimum	Broker site, read 3 September 2026
One spread, no commission: commission per 1.0 lot round turn	None	Our global broker test
One spread, no commission: cost per 1.0 lot round turn	US$11.00	Computed, spread times US$10 a pip plus commission
Spread measured on a New Zealand account	None held	Our global broker test, New Zealand record
Administration charges	NZD 25 for a posted hard-copy duplicate statement	Product disclosure statement, page 23
Holding cost on a Wednesday	the swap rate is tripled on Wednesday to cover the Friday to Monday value period	Product disclosure statement, page 22
Third-party plug-in fees	third-party platform plug-ins may charge fees the firm deducts from the account and remits	Product disclosure statement, page 23
Commission rule in the statement	between 0 and 5 per cent of the opening and closing transaction value, depending on platform and account type	Product disclosure statement, page 21
Introducing broker commission	an introducing broker's commission is charged either as a fixed amount a side or as extra spread, for example two basis points	Product disclosure statement, page 21

Every row above names its own record: five from the product disclosure statement, three from our global broker test, two from a computation over those figures, one from Ross Collins's spread tests and one from the broker's own site.

Other fees a New Zealand trader should check

A card payment costs a percentage of the face value of the payment, deducted immediately (page 23). A posted hard-copy duplicate statement costs NZ$25 per statement (page 23). The swap rate is tripled on Wednesday to cover the Friday to Monday value period (page 22). The firm charges no fee to process a withdrawal, though a bank or payment processor may deduct one (page 23). Third-party platform plug-ins may charge fees the firm deducts from the account and remits (page 23).

ThinkMarkets funding methods and withdrawal times

The product disclosure statement sets out how a New Zealand client funds an account (page 24).

Funding routes in the statement: online bank transfer, international telegraphic transfer, or credit card or electronic gateway provider (Product disclosure statement, page 24)

Withdrawal fee: no withdrawal fee from ThinkMarkets, though a bank or payment processor may deduct one (Product disclosure statement, page 23)

Deposit methods (NZ clients)

The statement’s funding rule, page 24, is online bank transfer, international telegraphic transfer, or payment through a credit card or electronic gateway provider. A card payment attracts the card payment fee, which the statement says is deducted immediately (page 23).

Withdrawals

Withdrawals are processed within business hours, processing is typically same day and may take up to 2 business days, and it can take between 1 and 7 business days for you to receive your funds (page 24). You request a withdrawal through the client portal for any Available Margin, which the statement defines as your total equity less your current total margin requirement, so the amount you can withdraw is not your account balance (pages 7 and 24). If you are on margin call you cannot withdraw funds, and all funds must be cleared before the firm releases any payment (page 24). Third-party withdrawals are prohibited, and under the firm’s return to source policy, funds withdrawn by bank wire must go to a verified external bank account in the same name as your ThinkMarkets account (page 24). The firm charges no fee to process a withdrawal, though your bank or payment processing provider may deduct one from the amount (page 23).

Account opening

Before an account opens, the firm applies its suitability gate: a client who will not supply information about their derivatives knowledge and experience cannot be accepted (page 26).

ThinkMarkets accounts and minimum deposit

The statement sets out a commission rule rather than named account tiers: commission runs between 0 per cent and 5 per cent of the executed opening and closing transaction value, depending on platform and account type (page 21). An introducing broker’s commission may be charged either as a fixed amount a side or as extra spread, for example two basis points (page 21). The two pricing models are a raw spread plus commission account and a one spread, no commission account.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Minimum deposit	US$0	Our global broker test
Minimum deposit by account	Not held for this brand	Our global broker test
Accounts this page costs	2	Computed by our cost engine
Account our cost engine builds (raw)	Raw spread plus commission	Our cost engine label, not the broker's own
Account our cost engine builds (standard)	One spread, no commission	Our cost engine label, not the broker's own

Every row above names its own record: two from our global broker test, two from our cost engine's own labels and one from a computation over those figures.

Minimum deposit

The minimum deposit is US$0, on our global broker test.

ThinkMarkets trading platforms

Our global broker test lists this broker’s platforms as MT4, MT5, ThinkTrader and TradingView, with a demo account available, and classes it as an ECN broker. That list comes from the global panel, not from a New Zealand test.

Copy and social trading

No copy trading or social trading platform is named for this broker (our global test record), so ask ThinkMarkets directly before you open an account. The brand’s worldwide offering is covered in our global review.

ThinkMarkets app

ThinkMarkets execution speed and slippage

On our global test panel this broker filled market orders in 248 ms and limit orders in 161 ms, ranking 25th of 36 on the limit order fill and 35th of 36 on the market order fill (our global execution table, ranked on the limit order, fastest first). No New Zealand account was tested: both fill times come from the global panel.

A fill time tells you how quickly an order was accepted, not the price you get. Slippage, the difference between the price you see and the price you are filled at, is a separate matter, and a fast fill can still slip. Neither fill time was measured against the New Zealand entity, so treat both as a global indication only, and check the trading session in New Zealand time when you trade.

ThinkMarkets markets

The New Zealand product disclosure statement gives the product classes this entity offers: CFDs on individual shares, indices, currencies, commodities and futures contracts (page 12). It gives product classes, not instrument counts. If you are new to these products, what a CFD is and how it is treated in New Zealand explains the instrument.

Product classes in the statement: CFDs on individual shares, indices, currencies, commodities and futures contracts (Product disclosure statement, page 12)

ThinkMarkets leverage and margin for New Zealand clients

The product disclosure statement requires you to deposit an initial margin that is a percentage of the notional contract amount, typically between 3.33 per cent and 25 per cent (page 8), which works out to a leverage band of about 30:1 at the loosest and 4:1 at the tightest (the ratio conversion is ours, not the statement’s). This percentage is the cash you must have in your account before the trade opens. The firm reserves the right to vary it at its own discretion, including in periods of market volatility.

What the record says about ThinkMarkets, one row per fact, each with the document or test it comes from and, for a fact from the product disclosure statement, the page it is on.

Fact	What the record says	Source
Initial margin	initial margin is typically between 3.33 and 25 per cent of the notional contract amount	Product disclosure statement, page 8
Whether close-out is guaranteed	the firm does not guarantee positions will close when the margin level reaches the stop out level	Product disclosure statement, page 9
Whether the close-out level can change	the stop out level can be changed at any time, on three days' notice	Product disclosure statement, page 9
Negative balance	no negative balance protection: the client stays liable for a negative balance that closing out cannot cover	Product disclosure statement, page 14

Every row above comes from one record, the product disclosure statement.

The statement’s own worked examples, which it calls illustration only, show how this looks on four specific trades.

The broker’s New Zealand contract specifications page, read on 21 September 2026, shows the Retail classification first.

On the Retail figures, the two pairs a New Zealand reader is most likely to look up, AUD/USD and NZD/USD, sit one band below the other currency pairs.

How leverage interacts with margin on this account

The statement gives a stop out at a level the firm sets, for example 50 per cent of initial margin or 0.5 per cent of the notional contract amount (page 14). The firm does not guarantee open positions will close when the margin level reaches the stop out level (page 9), and it can change that level at any time, on at least three days’ notice (page 9).

ThinkMarkets customer support

The product disclosure statement gives one registered New Zealand address, care of Baker Tilly Staples Rodway Auckland Ltd, 9th Floor, 45 Queen Street, Auckland 1010 (page 25).

Address: Baker Tilly Staples Rodway Auckland Ltd, 9th Floor, 45 Queen Street, Auckland 1010 (Product disclosure statement, page 25)

How ThinkMarkets compares to BlackBull Markets and IG Group

BlackBull Markets tops our rated New Zealand set with a published score of 84.5 out of 100 on the global test panel, against this broker’s second place. Its raw EUR/USD spread tested at 0.46 pips with US$6.00 per lot commission, a round turn of US$10.60, higher than this broker’s own. Both raw figures are tested.

In the ratings, IG Group ranks third with a published score of 68.2 out of 100 on the global panel. Its raw EUR/USD figure is a published average of 0.16 pips, not a tested one, with US$12.00 per lot commission and a round turn of US$13.60, higher again than this broker’s and higher than BlackBull’s.

What other review sites say about ThinkMarkets

These are ratings of ThinkMarkets from other platforms, read on the date shown and expressed on each platform's scale, so you can weigh them against our own score.

Platform	Rating	Volume	Read on
Trustpilot	3.5 / 5	539	1 October 2026
TradingView	4.6 / 5	2,967	2 October 2026

ThinkMarkets holds a Trustpilot rating of 3.5 out of 5 from 539 reviews, checked 1 October 2026.

On TradingView, ThinkMarkets is rated 4.6 out of 5 from 2,967 ratings, checked 2 October 2026. The TradingView profile for ThinkMarkets shows 13.8K traders, the count of those who have connected an account through TradingView. TradingView shows the Best 2025 badge on the profile.

App Store and Google Play ratings for ThinkMarkets

Our score is based on published criteria and is not influenced by these third-party ratings.

Should you open an account with ThinkMarkets?

Yes, I would open one if I were a New Zealand trader who wanted a raw spread plus commission account and was comfortable with the statement’s margin and negative balance terms.

The single fact I would weigh first is the negative balance term on page 14: a client can lose more funds than they deposit and may have to deposit more, and no negative balance protection applies. Before depositing, read the negative balance terms and the stop out terms of the statement, and check the commission rule against the platform and account type you expect to use.