Is ThinkMarkets Good?: The Review of ThinkMarkets Pros and Cons [Summary of Overview Information from Real Trading Experiences]

Important Details of ThinkMarkets Broker
Broker Name ThinkMarkets
Website thinkmarkets.com
Year of Establishment 2010
Regulatory Organization CySecFSA, ASIC
Leverage Maximum 1:500
Spread EURUSD 9, USDJPY 9, GBPUSD 13
Platform MT4, MT5, Web, ThinkTrader

ThinkMarkets is not listed in The Best Forex Broker Ranking 2022

thinkmarkets cover

ThinkMarkets Information

Year of Establishment : 2010

Head Office

ThinkMarkets’ main offices are located in three locations: London (England), Melbourne (Australia) and Johannesburg (South Africa).

London (United Kingdom)

Address : 4th Floor, 30 City Road, London EC1Y 2AY

Melbourne (Australia)

Address: Level 18, 357 Collins St, Melbourne, VIC, Australia, 3000

Johannesburg (South Africa) ***This address is not listed in Google My Business.

Address: 4th Floor, 96 Rivonia Road, Sandton, 2196, South Africa

Trading Products

  • Forex:
  • Gold:
  • Petroleum:
  • Index:
  • Cryptocurrency:
  • Stock:
  • Other Commodities: –
  • Bond: –

Broker type

ThinkMarkets is a Non-Dealing Desk (NDD) broker which offers STP service, hiring top tier liquidity providers as FXCM, LMAX, ADS, Interactive Brokers, IG and IS Prime.

For more information, click here.

Bonuses and Promotions

At this time, ThinkMarkets does not have any promotions or bonuses.

Contact Channel

     

Trading Platform

  • MT4 : Windows, Android, iOS and Linux
  • MT5 : Windows, Android, iOS and Linux
  • Web (MT4/MT5)
  • ThinkTrader

ThinkMarkets Review

think markers logo

Although not known internationally, ThinkMarkets has built a lot of trust among investors. It has insured customer’s funds protection in the event of bankruptcy with Lloyd’s of London for up to $1million, and Thinkmarkets also has ASIC and FCA licenses, making it extremely reliable.

The servers of ThinkMarkets are located in England and Hong Kong, suitable for running short-term trading EAs.

Advantages

Free VPS

Able to get a free VPS, just trading a minimum of 15 trading cycles within 1 month is eligible for this service.

VPS Spec : 

  • Ram : 2 GB
  • Space : 50 GB
  • System: Windows 2012
Open and close orders quickly

Smooth trading, no delay, opening and closing orders quickly, server is quite efficient.

Notify the location of the server

There are 2 locations, London and Hong Kong.

Disadvantages

Having no Copy Trade system

The Copy Trade system is not supported.

Swap is quite high

Many currency pairs with both negative swap fee ​​and wide spread.

Stop out level 50%

Stop out is at the level of 50% which must be a little more cautious when trading.

Is ThinkMarkets service fee high or low ? (SPREAD, COMMISSION, SWAP)

ThinkMarkets’s account with low service fee (Spread+Commission fees) is a ThinkZero account, spread fee is relatively lower than Standard account. Especially, the EURUSD and USDJPY pairs with very low spread fee.

Sample Spread of ThinkMarkets – Standard and ThinkZero

Average Spread over the 7 major currency pairs of ThinkMarkets

thinkmarkets spread avg

Swap Fee over major currency pairs of ThinkMarkets

swap thinkmarkets

Commission Fee of each type of ThinkMarkets account

  • Standard: No Commission Fee
  • ThinkZero: 7 USD/lot (1 Round)

Is ThinkMarkets reliable and reputable ?

ThinkMarkets is an ASIC and FCA licensed broker, giving it a high level of credibility and reliability. The reputation may not be globally known.

Year of Establishment : 2010

License Certificate (Regulator)

1. FCA (Financial Conduct Authority)

2. ASIC (Australian Financial Services License)

3. FSCA (Financial Sector Conduct Authority)

  • License Certificate No: FSP No 49835
  • TF Global Markets (South Africa) (Pty) Ltd
  • Provides services to customers within South Africa

fsca thinkmarket

4. Think Capital Limited

  • Having company registration in Bermuda
  • License Certificate No: 51879
  • Provides services to customers all over the world. (That is not within the scope of the 3 licenses above)
  • It is a company that manages itself, not overlooked by any controlling organization
  • For reliability, Thinkmarkets has insured Lloyd’s of London to protect customers’ funds up to $1 million in the event of bankruptcy.

Head Office

ThinkMarkets’ main offices are located in three locations: London (England), Melbourne (Australia) and Johannesburg (South Africa).

London (United Kingdom)

Address: 4th Floor, 30 City Road, London EC1Y 2AY

Melbourne (Australia)

Address: Level 18, 357 Collins St, Melbourne, VIC, Australia, 3000

Johannesburg (South Africa) ***This address is not listed in Google My Business.

Address: 4th Floor, 96 Rivonia Road, Sandton, 2196, South Africa

Employee Number : 51-200 persons

(A total of 143 employees are active on LinkedIn)

Customer capital protection 

In accordance with ASIC and FCA agreements, the Company is required to separate customers’ funds from the company funds. The company deposits its customers’ funds with leading banks such as Barclays Bank, National Australia and Commonwealth.

Commonwealth Bank and National Australia Bank 

barclays

ThinkMarkets insured up to $1million of its customers’ funds in the event of bankruptcy with Lloyd’s of London insurance company.

Click to view insurance certificate.

Lloyd's of London 

To what extent is ThinkMarkets popular with traders all over the world ?

ThinkMarkets’ global popularity is still low on both Trustpilot and Myfxbook, where the number of reviews is low, and on Google Map there are almost no reviews about the location of the headquarters.

ThinkMarkets Services

ThinkMarkets’s Live chat is only available in English. If you want to discuss in other languages, there will be an automatic translator which is only available for preliminary questions, to discuss in-depth information is quite difficult.

automatic translation system. This makes it difficult to communicate when discussing in-depth information.

In case the website crashes, the staff recommends clearing the browser’s cache and trying again.

Support staff work 24 hours a day, 5 days a week.

As for Thai support staff, they work from 9:00 AM to 6:00 PM via email or call back service.

It is recommended to send inquiries individually via EMail: [email protected] As you will receive a clearer answer but it will be quite slow.

If you want to talk to the “Thai” support staff, you can leave your email or phone number with the Support.

Our team has tried to leave the number with the Live chat of ThinkMarkets. It appears that in less than 1 hour, the support staff called back.

On the website, there are complete translations in more than 19 languages.

Worldwide phone numbers

  • United Kingdom: +44 203 514 2374
  • Australia: +61-3-9093-3400
  • Australia Local number: 1300-390-515
  • Italy: +39 023 057 9033
  • Spain: +34-911829975

Email

ThinkMarkets Trading Experience

Recommended account is ThinkZero, open-close orders quickly, overall trading is proper.

Apichart T.

Open and close orders quickly (About 0.1-0.3 sec.delay) Spread fee is in mid to high level. I recommend ThinkZero.

Yoya Yoshida

Adjusting stop loss and take profit are delayed, however, open-close orders are quick.

Attawat Rx

It is a broker with very good deposit and withdrawal rates. Deposit 100$, withdraw instantly and get about 100$ back. The most popular account is standard with ThinkZero. The recommended account is ThinkZero due to the same trading flow. But, ThinkZero’s total service fee is lower.

Parichat B.

Stop out will be at 50% which is quite high. Trading requires caution.

Sila T.

Another Trusted Broker with servers in Hong Kong that is ideal for running short term trading EAs. 

Uaiporn R.

Proper trading, fast open-close orders, recommend Think Zero account. 

ThinkMarkets Conclusion

ThinkMarkets is not listed in The Best Forex Broker Ranking 2022

References

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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