ThinkMarkets Review Of 2025

Trading Fees

ThinkMarkets offers competitive spreads for both its Standard Account and ThinkZero Account types. Standard account spreads are wider, as there are no commission costs. ThinkZero spreads, on the other hand, have ECN pricing and can be as low as 0.0 pips.

1. Raw Account Spreads

The ECN-like account type provides an institutional trading environment with ultra-tight spreads and low commission fees. As spreads are tight and commissions are low, the ThinkZero account is suitable for day trading, scalping and for traders using Expert Advisors.

ECN Forex Spread Comparison	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY	EUR/USDAUD/USDAUD/JPYEUR/GBPEUR/JPY
	0.10	N/A	N/A	N/A	N/A
	0.10	0.20	0.50	0.30	0.50
	0.06	0.27	0.23	0.49	0.59
	0.10	0.20	0.50	0.20	0.71
	0.20	0.20	0.50	0.40	N/A
	0.30	0.50	0.60	0.50	0.50
	0.30	0.40	N/A	0.50	0.50
	0.44	0.42	0.50	0.40	0.30
	0.17	0.30	N/A	0.54	0.68
	0.20	0.40	0.60	0.50	0.70
	0.10	0.50	1.10	0.60	0.80
	n/a	0.50	0.70	0.60	0.40
	0.44	1.23	1.17	1.13	1.23

Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025

While forex spreads can be as low as 0.0 pips during times of market volatility, average spreads are 0.1 pips for many major currency pairs.

While there is no difference between account types regarding CFD trading, ThinkZero account holders gain access to discounted pricing on metals.

2. Raw Account Commission Rate

Commissions on FX and Metals with ThinkZero accounts are:

• In Australia and South Africa: $3.50 per standard lot each side of the trade or $7.00 round turn
• In the UK: £2.5 per standard lot each side of the trade or £5 round turn

Note: CFD trading on indices, energies, cryptocurrencies, shares, and futures are commission-free

Use the calculator below to compare ThinkMarkets’ trading costs with competitors such as Pepperstone, Eightcap and CMC Markets, adjusting for trade size, currency pair, and base currency.

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AUD/USD EUR/USD GBP/USD USD/CAD USD/CHF USD/JPY

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3. Standard Account Fees

Spreads on standard accounts that charge no commission fees are competitive when trading forex with ThinkMarkets. Forex spreads can be as tight as 0.4 pips, while average spreads are 1.2 pips. When trading metals, pricing starts from 25 cents and CFDs 0.4 points.

4. Swap-Free Account Fees

Forex traders following Sharia law can sign up to ThinkMarkets Islamic Account. Islamic trading accounts do not pay and receive swap rates derived from interest rates and instead pay a flat rate fee for open positions. In place of swaps (also called overnight fees or rolling fees), ThinkMarkets charges a flat rate weekly administrative fee for positions held 7 days or longer. Islamic account holders trading major forex pairs incur $5 financing fees, while a $10 fee is charged when trading minor forex pair.

5. Other Fees

There are no deposit fees, but there is a charge for withdrawals for international transfers at $25. There are no inactivity fees as well.

Verdict on ThinkMarkets Fees

Although spreads are wider than a ThinkZero trading account, Standard Accounts are an excellent option for beginner traders wanting to avoid complex commission fee calculations.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

ThinkMarkets – Trading Conditions For Clients In United Kingdom

To meet ESMA requirements, FCA has some regulations that online brokers in the UK must follow. While ThinkMarkets offers the same Standard account and ThinkZero account with the same basic trading conditions to all clients, leverage and risk management vary.

Retails vs Professional Account

As professional traders have a greater understanding of leveraged trading and access to greater capital, trading conditions set by the regulator are more relaxed for traders who qualify.

To qualify as an Elective Professional trader for a professional account, traders will need to meet 2 of the following 3 criteria:

• Have done 40 trades of a significant size over last year
• Manage a portfolio that exceeds 500,000
• Have relevant work experience of substantial note in the financial sector

The following leverage is the maximum available for Professional traders.

Professional traders will lose negative balance protection and automotive close you when trading account equity falls below 50%.

Spread Betting

Spread Betting is an alternative form of derivatives trading to CFDs. Popular in the UK because of its capital gains saving, spread betting allows you to speculate on price movements in a range of markets. Spread betting differs from CFD trading as traders do not own contracts of the underlying assets.

ThinkTrader allows spread betting with all its instruments except for cryptocurrency. Spreads for EURUSD starts from 0.8 pip, and leverage is the same as for CFDs.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

Trading Platforms

ThinkMarkets customers have a choice of three trading platforms. They include the broker’s proprietary trading platform, ThinkTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). All three platforms offer Web, Desktop, and Mobile/Tablet App versions so that clients have access to their Thinkmarkets account from anywhere, at anytime.

The CompareForexBrokers team created a trading platform selector so you can work out what trading software best matches your trading needs. I recommend you complete the short 5 step questionnaire which will help you determine your most suitable forex platform.

MetaTrader 4

Using the MetaTrader 4 platform, ThinkMarkets customers gain access to advanced charting tools and automated trading features that can be used to develop complex trading strategies. The easy-to-use interface suits all levels of experience, hence its reputation as one of the best trading platforms available to retail investor accounts.

MT4 Features include:

Advanced charting tools

• 9 Timeframes
• 30 Technical Indicators
• 23 Graphical Objects
• 3 Chart Types

Other features

• 4 Pending order types
• Hedging and netting options
• Trading Central Free access
• Social-copy trading with MetaQuotes Trading Signals
• Algorithmic trading with Expert Advisors and MQL4 programming language
• 32-bit single-thread strategy testing for expert advisors (EAs)
• A large trading community and marketplace
• Fast trade execution with minimal slippage

MetaTrader 5

Although MT4 retains a strong following, MetaTrader 5 offers improvements from its predecessor including more charting tools, greater market access and improved backtesting features.

Features of MT5 include:

• 21 Timeframes
• 38 Technical Indicators
• 44 Graphical Objects
• 6 Pending order types
• Trading Central free access
• Trading signals
• Hedging and netting
• Expert Advisors (MQL5 programming language)
• 64-bit multi-thread strategy testing for EAs
• Depth of Market (DOM)
• Partial order filling
• Economic calendar
• Low slippage due to fast order execution

Another advantage of using MT5 over MT4 includes the trading platforms for customer support. With MT4’s customer service being phased out, less help is available for those with trading platform issues or queries.

ThinkTrader

The broker offers a proprietary web version, a trading software platform for Mac and Windows computers and iOS and Android devices. The mobile trading app is well-reviewed and offers a user-friendly trading environment, a wide range of technical analysis tools and risk management features.

Trading tools include:

• Over 125 indicators, 50 drawing tools and various chart types
• TrendRisk Scanner: helps traders find the best trading opportunities using different timeframes
• Ability to close multiple orders with one-click
• Log in to multiple devices at one time
• Trading analysis toolkits
• 200 cloud-based alerts than can be sent to mobile, tablets and PCs even when you are offline
• Real-time CFD and forex market news

Social Trading with ZuluTrade

If you are looking to get your skin in the trading game but don’t know much about forex or other CFD product, then social trading can be a solution. With this type of trading, you can copy the trades of other successful traders.

ThinkMarkets offers ZuluTrade, a copy trading tool that you can integrate with MT4.  With this platform, you pick and follow a trader in the ZuluTrade community and then set your strategy filters such as lot size and risk management. Once done, ZuluTrade will automatically copy the trades of who you follow.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

Is ThinkMarkets Safe?

ThinkMarkets has a trust score of 81, based on the broker’s regulation, reputation, and reviews.

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Regulation

ThinkMarkets are regulated by multiple top-tier financial authorities around the world. In the United Kingdom, TF Global Markets (UK) Limited is overseen by the Financial Conduct Authority (FCA) and is required to segregate client funds, provide Negative Balance Protection, and enforce close-out margins.

ThinkMarkets Australian brokerage services are located in Melbourne and regulated by the Australian Securities and Investments Commission (ASIC). As an ASIC-regulated broker, TF Global Markets (Aust) Limited has to ensure clients’ funds are held in segregated accounts, yet investor balance protection or closeout margins are not a legal requirement.

In addition to FCA and ASIC oversight, ThinkMarkets subsidiaries operating in South Africa and Seychelles, these subsidiaries are regulated by The Financial Sector Conduct Authority (FSCA) and Financial Services Authority Seychelles (FSA)

Finally, the broker’s branch in Europe is overseen by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, while the Japanese division is being regulated by Japan’s Services Agency (JFSA)

Reputation

Established back in 2010, ThinkMarkets is an award-winning broker with headquarters in London and Melbourne. In 2020, ThinkMarkets won ‘Best Value Broker in Asia’ at the 2020 Global Forex Awards and ‘Best CFD Provider at the City of London Wealth Management Awards (COLWMA) in 2021.

Reviews

ThinkMarkets has a TrustPilot score of 4.1 out of 5 from 227 reviews.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

How Popular Is ThinkMarkets?

ThinkMarkets shows moderate popularity in the global online trading space. It receives approximately 18,100 Google searches per month, ranking it as the 41st most popular forex broker based on 2024 data. Web traffic trends are consistent with this, with Similarweb reporting 283,000 global visits in February 2024, placing ThinkMarkets as the 41st most visited broker.

Country	2024 Monthly Searches
Egypt	1,600
United States	1,000
South Africa	880
Vietnam	880
India	720
Japan	720
France	590
United Kingdom	590
Algeria	480
Taiwan	480
Thailand	390
Morocco	390
Australia	320
Brazil	320
Spain	260
Germany	260
Indonesia	260
Pakistan	260
Nigeria	260
Netherlands	210
United Arab Emirates	210
Turkey	170
Colombia	170
Malaysia	170
Canada	170
Italy	140
Hong Kong	140
Saudi Arabia	140
Kenya	140
Singapore	110
Greece	110
Mexico	110
Venezuela	110
Argentina	90
Poland	90
Philippines	90
Dominican Republic	90
Cyprus	90
Bangladesh	90
Sweden	70
Austria	70
Uzbekistan	70
Peru	50
Switzerland	50
Portugal	50
Ghana	50
Chile	40
Ecuador	40
Ethiopia	40
Jordan	40
Tanzania	40
Ireland	30
New Zealand	30
Uganda	30
Cambodia	20
Sri Lanka	20
Botswana	20
Bolivia	10
Mauritius	10
Costa Rica	10
Panama	10
Mongolia	10

2024 Average Monthly Branded Searches By Country

Egypt	1,600 1st
United States	1,000 2nd
South Africa	880 3rd
Vietnam	880 4th
India	720 5th
Japan	720 6th
France	590 7th
United Kingdom	590 8th
Algeria	480 9th
Taiwan	480 10th

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Deposit and Withdrawal

ThinkMarkets do not charge customers any fees when making deposits and withdrawals from their trading accounts.

What is the minimum deposit at ThinkMarkets?

To trade with ThinkMarkets, there is no minimum deposit requirement to open an account however clients will need to make a deposit of £/$500 to trade.

Account Base Currencies

When establishing a trading account, customers can deposit funds in base currencies including USD, CHF, EUR, AUD and GBP. Additional base currencies and deposit methods may be available depending on the client’s country / ThinkMarkets entity.

Deposit/Withdrawal Options and Fees

Below is a list of deposit and withdrawal methods available with ThinkMarkets. It is also worth noting that certain payment methods are not available in all countries.

• Bank Wire
• Bank Transfer
• Credit Card / debit card(Visa/MasterCard)
• Neteller
• Skrill
• BitPay
• UnionPay
• BPay
• PayPal (Australia only)

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

Product Range

Customers of ThinkMarkets can choose between generous amounts of CFD instruments spread across 8 asset classes. CFD trading can be done on over 3,500 financial instruments including forex currency pairs, cryptocurrencies (outside UK), indices and futures to metals, commodities and shares & ETFs.

CFDs

The list of available CFD products can be traded across ThinkMarkets’ suite of powerful trading platforms (MT4, MT5 and proprietary platform ThinkTrader).  However, the FX broker offers a more diverse list of tradable shares CFDs on its MT5 and ThinkTrader as compared to the MetaTrader 4.

Forex and Crypto Trading

ThinkMarkets offers 46 currency pairs and 27 cryptocurrencies. The FX offerings include all the:

• Major FX pairs (EUR/USD, GBP/USD, AUD/USD, USD/JPY, etc.)
• Minor FX pairs (EUR/GBP, EUR/JPY, GBP/JPY, EUR/AUD, etc.)
• Exotic FX pairs (USD/TRY, EUR/ZAR, EUR/PLN, etc.)

Additionally, traders can speculate on the price movement of the following cryptos without the need for an external wallet or a crypto exchange:

While no additional trading cost is charged by ThinkMarkets, except the spread.

Important Note: In 2020, the UK’s regulatory body (the FCA) banned retail traders from trading cryptocurrency CFDs. Those wanting to trade crypto will need to sign up to ThinkMarkets subsidiaries outside of the UK, such as the Aust ASIC regulated branch.

Indices and Futures

ThinkMarkets’ indices offerings give you access to the major world stock market indices from 5 continents. ThinkMarkets indices include 17 global indices like ASX 200, S&P 500 or Nikkei 225; the US dollar currency index and 6 additional AUD-denominated indices (GER30aud, UK100aud, JPN225aud, NAS100aud, SPX500aud and US30aud)

At ThinkMarkets, you can also gain access to 11 futures contracts that cover several underlying instruments like commodities, stock indices or VIX volatility.

Metals and Energies

ThinkMarkets offers you the opportunity to diversify your trading portfolio and trade on a range of 8 metal pairs and 3 energies. Additionally, to the standard Gold spot contract, ThinkMarkets expanded on its tradable product list by including 2 mini contracts (XAU/USD Mini and XAG/USD Mini) which allow you to trade in smaller position sizes. They also offer prices on 3 energy contracts (US Crude Oil, Brent Crude Oil and Natural Gas).

Share Trading

The broker also provides access to more than 3,500 CFD shares and 352 ETFs to speculate on. You can start trading on the world’s biggest companies with a margin starting from 5% and the ability to go both long and short without actually owning the underlying physical stock. Using MetaTrader 5 gives you access to the full range of stocks, you can still use MT4 but only the major stocks for each market is available.

Start trading today on a wide range of companies such as Google, Facebook, Apple, Amazon and so much more.

Price is indicative and does not represent real stock movement

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

Customer Service

Traders can use live chat, phone or email to get in touch with the ThinkMarkets multilingual customer support team. Customer service is available 24 hours a day, 7 days a week. A support ticket can also be submitted for immediate assistance.

Education

ThinkMarkets offer a solid suite of educational resources designed for beginner, intermediate and experienced traders. Education tools include:

• Weekly webinars
• Trading guides
• Glossary
• Online articles

Resources aimed towards beginner traders offer a soft introduction to forex trading, with how-to guides and glossaries available. Intermediate trading tutorials cover more complex topics such as chart patterns and order types. Lastly, the advanced tutorial guide addresses complex technical and fundamental analysis.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’

Research and Education

To help customers develop trading strategies and manage the high risk of forex and CFD trading, ThinkMarkets provides the following research tools:

• Daily insights from ThinkMarkets in-house experts
• Economic calendar
• Technical analysis tools

Final Verdict on ThinkMarkets

With different account types, a wide range of markets and 3 top trading platforms, ThinkMarkets caters to all levels of trading experience from beginner traders to experienced investors. Those scalping, day trading or developing automated trading strategies are better suited to a ThinkZero account type that offers ECN-style trading and pricing. Beginner traders may benefit from the simplicity of ThinkMarkets standard account, where there are no additional commission fees.

Features that make ThinkMarkets one of the best brokers around include:

• Tight ECN-like spreads with STP execution
• Great market access with Forex, Cryptocurrency, and Share CFD trading
• MT4, MT5 and ThinkTrader trading platforms
• Oversight from top-tier financial regulators
• 24/7 customer support
• Fast execution with regional data centres.

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*Your capital is at risk ‘71.89% of retail CFD accounts lose money’