Think Markets is a multi-regulated broker offering online trading access to financial markets including forex, commodities, shares, metals, indices, and cryptocurrencies. The broker utilizes its propriety platform known as ThinkTrader, an award-winning trading platform.
See what else Think Markets has to offer to traders by reading this forex broker review.
Think Markets Profile and Safety
Started operating since 2010, Think Markets celebrates its 10th year in the industry with a track record of platform and product innovation. Think Markets is comprised of several entities which are TF Global Markets (UK) Limited, TF Global Markets (Aust) Limited, TF Global Markets (South Africa) (Pty) Ltd, and Think Capital Limited.
The firm was first established in New Zealand way back in 2010 (as ThinkForex) and relocated its site to Australia after two years. Think Markets is now a global brand, with services in a number of key jurisdictions across continents. Its industry-popular proprietary trading platform, ThinkTrader, is recognized by award-giving bodies and received multiple distinctions.
In 2016, ThinkAffiliates was launched to mark its growth as a financial firm. It was followed by the Launch of ThinkInvest in 2017 when it also acquired Trade Interceptor. Think Markets boasts its advantageous trading conditions including tight spreads starting from zero pips, fast execution, advanced trading platforms, client service, product range, and $1 million insurance protection for its clients.
Think Markets is also a multi-regulated broker as it is under the supervision of the Australian Securities and Investments Commission (ASIC) since 2012, the Financial Conduct Authority (FCA) since 2015, and South Africa’s Financial Sector Conduct Authority (FSCA) in 2019.
Undeniably, Think Markets is one of the few forex brokers with an outstanding regulatory status; hence, making the broker a safe and trustworthy online broker where traders can go to when it comes to financial products for trading.
Think Markets Features and Fees
Think Markets gives traders access to the following financial markets:
- Forex (over 40 currency pairs available)
- Precious Metals
- Shares CFD
Think Markets offers the following account types: Standard, ThinkZero, Islamic, and Joint accounts. Below are the features and best conditions for each account type.
Standard – Any trader can open this account type as it has zero minimum deposit required. This gives users the opportunity to explore the trading environment before starting trading. Under this account, retail traders are treated with a maximum leverage of 30:1 and 500:1 for professional traders. Spreads start from 0.4 pips. 1.0 lot is the minimum trade size while 50 lots is the maximum. No commission fee is charged in this account and offers all the platform features of the broker as well as free VPS service.
ThinkZero – this account type has tighter spreads starting from 0 pips and maximum leverage of 500:1. The commission fee is $3.5 per side (100,000). Opening this account will require the trader to deposit with a minimum of $500. The minimum trade size is 1.0 lot while the maximum is 100 lots. Traders using this account are only given access to the MetaTrader platform. Free VPS service is also available in this account together with AutoChartist functionality and an account manager.
Think Markets also gives traders the option to hold both the Standard and ThinkZero accounts and transfer funds between these accounts. What’s more is that traders can also open a swap-free account (Islamic account) and a joint account. A demo account is also accessible for traders who want to test Thin Market’s trading facility.
When it comes to funding options, Think Markets employs a variety of means to fund trading accounts securely and easily. Some of these deposit and withdrawal methods include bank wire, credit & debit card, and Skrill.
Think Markets Trading Platforms and Tools
Think Markets offers its proprietary platform ThinkTrader, MetaTrader 4, and MetaTrader 5. Let’s look into each platform’s features and strengths.
Metaquotes’ latest platform innovation, MT5 is equipped with 21 timeframes, 6 pending order types, hedging and netting options, and a strategy tester for EAs. Think Markets elevated MT5’s trading infrastructure with its unique features including $1,000,000 insurance policy, ultra-tight spreads, and free VPS hosting. MT5 comes in many versions including MT5 Web, MT5 Desktop, MT5 Android, MT5 iOS, and MT5 iPad.
Think Markets boost MT4’s promising features with the following offerings: advanced apps and indicators including AutoChartist, instant trade execution, razor-thin spreads, and a $1,000,000 insurance policy. Think Markets has MT4 versions for as many devices as it has MT4 Web, MT4 Desktop (both for Windows and Mac), MT4 Android, MT4 iOS ,and MT4 iPad.
Think Markets’ proprietary platform is powered by one-click trading (closing multiple orders), single multi-device login, advanced technical analysis tools, real-time news from FX Wire Pro, In-App deposit and withdrawal transactions, and customizable trading history reports. ThinkTrader versions include ThinkTrader Mobile, ThinkTrader Tablet, and ThinkTrader Desktop.
Think Markets is an innovative broker housing advanced trading tools such as Autochartist, Trading Central, and VPS hosting to go along with its popular trading platforms, trading conditions, and unique client offerings.
On top of that, it attracts many other traders with its zero minimum deposit Standard account and a highly developed regulatory structure.