Headquartered in the UK and Australia, ThinkMarkets (formerly ThinkForex) is a global brokerage specialising in foreign exchange (‘FX’), metals and global CFD trading, as well as spread betting.
Dedicated to delivering high quality execution and service to an ever growing range of traders, ThinkMarkets is established as an industry leader in identifying and developing new trading technologies, having been named “Best Broker Australasia” by the World Finance Awards, “Best New Contributor” by FXStreet and “Best Forex Broker in Asia” at the China Forex Expo.
The firm recently launched its proprietary in-house trading platform ThinkTrader, which gives the users the ability to trade on a multi-assets platform with greater functionality and execution.
The broker provides clients with two main account types ; the Standard Account with no minimum deposit and the ThinkZero account with a minimum deposit of $500, offering assets at lower spreads.
ThinkMarkets are focused on helping their users, and run a number of educational and support initiatives. As well as providing 24/7 customer support, ThinkMarkets also provide a full suite of trading guides, tutorial seminars, webinars and videos as part of their Education and Knowledge Base sections.
ThinkMarkets is a trading name of TF Global Markets (UK) Ltd, fully authorised and regulated by the Financial Conduct Authority (FCA) with licence number 629628 in the UK and the Australian Securities and Investments Commission (ASIC) with AFSL number 424700 in Australia.
The firm is also regulated by a few additional regulators : the Cyprus Securities & Exchange Commission (CySEC) under license no. 215/13, Japan’s Financial Services Agency (JFSA) with license no. 0250, the Financial Services Authority in the Seychelles (FSA) with license SD060 and the Financial Sector Conduct Authority (FSCA) in South Africa with license number 49835.
Typical Spread on Majors
|Headquarters||Melbourne, Australia; London United Kingdom|
|Type of Broker||STP & ECN/STP|
|Regulated By||Regulated By ASIC (Australia), FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), JFSA ( Japan)|
|Offices In||Australia, United Kingdom, South Africa, Cyprus, Japan|
|Supported Languages||English, German, French, Spanish, Italian, Arabic, Vietnamese, Mandarin, Cantonese, Greek, Thai, Bahasa Malaysia, Bahasa Indonesia, Japanese, Czech, Portuguese|
|ESMA Regulation ?||This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article|
|Account Currencies||AUD, USD, CHF, GBP, EUR, JPY, SGD, CAD, ZAR, NZD|
|Traders from USA Allowed||No|
|Clients Funds Segregated||Yes|
|Interest on Margin||No|
|Islamic Account Restrictions||Muslim Faith Only|
|ECN / STP Accounts Offered||Yes|
|Commission on STP or ECN||3.5 Units Base Currency per Lot per side|
|VIP Accounts Offered||No|
|Mini Accounts Offered||Yes|
|PAMM / MAM Solutions||Yes|
|Web Based Trading||Yes|
|Funding Methods||Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, CryptoWallet, OZOW|
|Withdrawal Methods||Credit/Debit Cards, Wire Transfer, Skrill, Neteller, PayPal, CryptoWallet, OZOW|
|Platforms Offered||MetaTrader 4, MetaTrader 5, MetaTrader 4 Android, MetaTrader 5 Android, MetaTrader 4 iOS, MetaTrader 5 iOS, WebTrader, ThinkTrader, ThinkTrader iOS, ThinkTrader Android, ThinkTrader Web|
|NO of Pairs||46|
|Trade off Charts||Yes|
|MetaTrader Server Time||GMT + 2|
|Demo Account Expiry||90 days of Inactivity|
|Free VPS Conditions||Free with Standard, ThinkZero and Pro Accounts. Minimum 15 Forex Lots traded per month|
|Minimum Contract Size||0.01|
|Option of OCO||Yes|
|Option of FIFO||No|
|Negative Balance Protection||Yes|
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