ThinkMarkets Review

Rating: 4,1/5

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Page Summary

ThinkMarkets is a CFD and Forex broker that offers access to several instruments and markets, such as indices, commodities, and currencies. It is an excellent broker for those looking to trade cryptocurrency CFDs. 

This broker is regulated by FMA in New Zealand, the Financial Conduct Authority in the United Kingdom, and ASIC. ThinkMarkets was established in 2010 and has several years of experience in online trading and segregated client funds management. 

Getting Started With ThinkMarkets 

ThinkMarkets offers a demo account which is an excellent way for you to familiarize yourself with their platform. 

The minimum deposit fee with this broker starts at €0, and it can make a smooth transition from the demo o the live account. 

1. Fees and Spreads 

ThinkMarkets charges a fee from the spread, the difference between the sell and buy price of an instrument. 

The information about fees and spreads is shared on ThinkMarket’s website, as shown in the table below. 

Fees and Spreads 

Forex ThinkMarkets City Index XTB
USD/EUR 0.5 pips 0.7 pips 0.1 pips
USD/GBP 1.2 pips 1.7 pips 0.1 pips
USD/JPY 1.0 pips 0.6 pips 0.1 pips
USD/AUD 0.8 pips 0.6 pips 0.2 pips
USD/CHF 1.0 pips 2.3 pips 0.2 pips
USD/CAD 0.9 pips 0.5 pips 0.3 pips
USD/NZD 2.0 pips 2.8 pips 0.3 pips
GBP/EUR 1.0 pips 0.5 pips 0.1 pips

The minimum spread for trading USD/EUR is 0.5 pipis, a lower one than the standard USD/EUR spread of 0.70 pips. 

For example, if you were to acquire one standard lot of USD/EUR (100k units) with ThinkMarkets at an market rate of 1.1719 and then sell it the following day at the same price, you would pay $9.37. 

Here’s how this broker’s fees compare against its main competitors AvaTrade and XTB

Header ThinkMarkets XTB AvaTrade
Spread From: $1 $2 $7
Commission: $0 $0 $0
Cost Of A 100k Trade $1 $2 $7

2. Assets 

ThinkMarkets provide more than 50 distinct trading instruments, including more than 34 currency pairs. Here’s a review of the diverse types of assets offered by this broker. 


Currency CFDs/FX ThinkMarkets XTB AvaTrade
Total Forex Pairs Available 34 48 59
Major Forex Pairs Yes Yes Yes
Minor Forex Pairs Yes Yes Yes
Exotic Forex Pairs Yes Yes Yes
Cryptocurrencies Yes Yes Yes
Total Commodities Available 0 21 16
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Total Stocks Available 0 1606 99
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes

3. Trading Apps & Platforms 

This broker provides access to MT4 and MT5 trading platforms to enable traders to use their preferred device when trading with ThinkMarkets. 

The mobile app is accessible on iOS and Android, and it comes with a user-friendly interface to execute trades on-the-go. 

4. Accounts & Funding Methods 

ThinkMarkets enables you to execute a minimum trade of 0.01 lot, but this can vary based on your account type. The maximum trade varies based on the instrument and the trader performing the action. This broker also has STP execution, and it can offer some of the most transparent tight spreads among brokers. 

ThinkMarkets may have lower entry requirements than an ECN broker, who focuses on a high volume of traders and large capitals. 

What we like most about this broker is their claim to have no requotes. This means you shouldn’t worry about trades being ordered at a different cost than what you executed them at. 

Margin requirements are variable and depend on the trader, instruments, and accounts. 

Here is a list of the trading features, accounts, and funding methods available with ThinkMarkets. 

Accounts & Funding Methods 

Trading Features Accounts Funding
Scalping Demo Account Credit Card
Hedging Mini Account Bank Transfer
STP Available Standard Account Payoneer
Low Minimum Deposit Zero Spread Account Neteller
Cell Islamic Account 168

Since ASIC and the Financial Conduct Authority regulate ThinkMarkets, new clients must pass some standard compliance verifications to ensure you’re aware of the trading risks. Creating an account with this broker means you’ll verify it by: 

  • Submitting a scanned color copy of your ID, driver’s license, or passport 
  • Submitting a bank statement or utility bill from the past three months to verify your address 

Besides this, you’ll have to answer a couple of questions to confirm your trading experience. Overall, the account creation process at ThinkMarkets won’t take more than 10 minutes to complete. Keep in mind that you won’t be able to make any trades until your account is verified. 

5. Customer Support 

This broker’s customer support is available in various languages like Japanese, Chinese, and English. 

ThinkMarkets received a AA support rating due to the reliability of this service. 

The Bottom Line 

ThinkMarkets is one of the leading CFD and forex brokers on the market, with a reliable trading platform and excellent customer service. It has a long track record in the industry, but its range of instruments might be too limited for some traders. 



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