ThinkMarketsreview 2023: should you sign up with the broker? 4.5/5ThinkMarkets is not a new kid on the block. Min. deposit $0 Website address https://www.thinkmarkets.com/eu/ Demo account Yes Supported languages DeuEngFraSpaZho Active Yes Payment Methods BPAYCredit CardMastercardNetellerPOLiSkrillVisaWire Transfer Instruments CFDsCommoditiescryptocurrenciesETFsForexFuturessharesSpread Betting (UK Only) Min. trade price 0.01 lots Regulated By ASICCySECFCAFSA SeychellesFSCAJFSA MetaTrader 4 Yes MetaTrader 5 Yes cTrader No OmniTrader No AlgoTrader No TradingView No Trading Central Yes Autochartist Yes eSignal No STP Account No ECN Account No DMA Account No MAM Account No PAMM Account Yes LAMM Account No Demat Account No Mobile Apps Yes Margin Trading No Volatility Index No Spot Trading No Perpetual Swaps No ELWs No REITs No AI / Machine Learning No Robo Advisor No P2P Trading No Negative Balance Protection Yes VPS Hosting Yes Tournaments No Demo Competitions No Managed Accounts No Market Maker No Auto Trading Yes Social Trading Yes Copy Trading Yes Trade Signals No Islamic Account Yes Guaranteed Stop Loss No Stock Exchanges IBEX 35 Commodities Gold Forex Trading Trading available on 46 major, minor, and exotic currency pairs Forex GBPUSD Spread 0.3 (ThinkZero) Variable Forex EURUSD Spread 0.0 (ThinkZero) Variable Forex EURGBP Spread 0.0 (ThinkZero) Variable Forex Assets 46 Crypto Spread BTC 25, ETH 6 (Variable) Crypto Lending No Crypto Staking No Crypto Mining No Crypto Auto Market Maker No Crypto Coins BCH, BTC, DOGE, ETH, LTC, XLM, XMR, XRP Ladder Options No Boundary Options No Show all >>* The amount that will be credited to the account in the case of a successful deal*General Risk Warning: Your capital might be at riskMin. deposit0$Min. trade price1$Website addresshttps://www.thinkmarkets.com/eu/Demo accountYesSupported languagesDeuEngFraSpaZhoActiveYes * The amount that will be credited to the account in the case of a successful deal Trustpilot Real Time Reviews The Trustpilot rating is 4.5, according to 175 reviews Shasa vn There are enough products, good trading, good supports I had problems with the withdrawal, and the support was very enthusiastic. I had a very good experience here. I recommend you to join the experience.View all David_Perry us First of all I want to thank ThinkMarkets for their proper service in all financial markets. I have used their sources for trading and they are really unique. I recommend using their sources to improve your knowledge in trading.View all Stanislav Terziev bg I having problem with my demo account, I contact with support its took more time, but my problem was fixed. Thank you!View all Amora Taylor vn Quick deposit and good service I had a good experience at ThinkMarkets, a fast platform, and market benchmark, with an enthusiastic support team, and fast deposit and withdrawal. Account creation is also quick and smooth. I highly appreciate ThinkMarkets' analysis team, the parameters and forecasts are close to the market, it helps me make a good judgment when investing. Overall, this is a good broker and I recommend this broker.View all Thananyarat th The process of apply for live account is very simple and have staff to support all the time via email or other channelView all Wilfred van Beek sa The sign up process for my live account was very smooth and TM's feedback via email after sending documents and clarifications is pretty much instantly. Communications with TM means instant reply. Another example, I had requested to change my demo account balance. This was done immediately. This is a good impression, and I feel like I can count on TM's support when needed.View all Load more Saqib Iqbal Author Hannah Jones Editor 11 min read Published: November 01, 2018 Updated: December 01, 2022 Views: 146Content What is ThinkMarkets? What are ThinkMarkets’ trading accounts? How safe is ThinkMarkets? How to deposit funds in the ThinkMarkets account? How to contact ThinkMarkets? How do I make money with ThinkMarkets? FAQsThinkMarkets is not a new kid on the block. Since 2010, the broker has been catering to all levels of traders.How does ThinkMarkets stand out?Highly regulated: The broker operates under reputable regulatory bodies. ThinkMarkets is regulated by the UK’s Financial Conduct Authority (FCA) and the Australian Investments and Securities Commission (ASIC), among others.Global access: ThinkMarkets is available in more than 180 countries.Multiple account types: Whether you are a beginner or a pro, ThinkMarkets has an account for everyone.ZuluTrade: If you want to copy other traders, you can help with ThinkMarkets Zulu’s integration.Great support: ThinkMarkets provides swift customer support 24/7 by email, online chat, and phone.Plenty of trading assets: With ThinkMarkets, you have the luxury of choosing tradable assets across six categories.What is ThinkMarkets? You can tell a lot about a company by its roots and its trajectory. Let’s take a look at how ThinkMarkets has grown since its inception.In 2010, the company started as ThinkForex, and later changed to ThinkMarkets. The firm quickly rose and got ASIC’s license in 2012. Three years later, it got licensing from FCA. In 2017, ThinkMarkets acquired Trade Interceptor, the best forex trading app for its time.In 2020, the broker launched cash equities for its Australian entity. In 2022, the broker went to new highs, launching CFD offering in Europe under CySEC and forex through JFSA. Fun fact: ThinkMarkets is an official partner of Liverpool FC.ThinkMarkets homepageThe firm has earned several awards:Best CFD Provider from COLWMA in 2021.Best Forex Platform in Africa in 2021.Best Value Broker in Asia in 2020.The broker is available in more than 180 countries. However, I’m sorry to tell you that due to trading regulations in their respective countries, ThinkMarkets does not allow traders from the US, Canada, Iran, North Korea, or Syria.What are ThinkMarkets regulations?I told you a bit about the ThinkMarkets regulations in the previous section, but I want to zoom in on the various regulations the broker has. There are some things you need to decipher before opening an account.ThinkMarkets has three homepages; international, EU, Australia, and the UK. Each one has different regulations. Fortunately, you can switch between the pages to check the regulation. The broker has regulations from:FCA (Financial Conduct Authority)ASIC (Australian Securities and Investment Commission)JFSA (Japanese Financial Services Agency)CySEC (Cyprus Securities and Exchange Commission)FSCA (Financial Sector Conduct Authority)FSA (Financial Services Authority)International clients except for the UK, Australia, and South Africa come under the FSA and Seychelles regulations. All other users come under their respective countries’ regulatory bodies. This information is important before opening an account, as the regulation does matter.ThinkMarkets regulations historyOther brokers regulated by Cysec include OvalX and AAATrade.How does ThinkMarkets work?We saw the regulations of the firm, but what about the trading assets? What options do you have available? ThinkMarkets provides plenty of tradable assets across six categories.The assets available to you on the site depend on which country’s entity you’re operating from. For instance, I opened an account with the UK entity to get forex, futures, stocks, commodities, indices, and precious metals.Tradable assets in the UKIf I switch to the international page, there is an addition of cryptocurrencies.Tradable assets globalSo, you can see the difference! Let’s talk about all the assets available.ForexThere are 38 currency pairs available, including:EUR/USDGBP/USDAUD/USDUSD/JPYUSD/CADStocksThere are over 3500 options, including:AmazonTeslaNetflixBoeingIndices There are 15 indices available, including:US30UK100NAS100 and 12 moreMetals GoldSilverPlatinumCopper Commodities OilGasAgricultural productsCryptosBTCETHBCHLTC, and moreThinkMarkets has received great reception to its trading fees. Spreads on major forex pairs, such as the EUR/USD and GBP/USD, begin at 0 pips.ThinkMarkets EU products pageHow does the ThinkMarkets platform work?To trade all these assets, you need a platform, and it’s important that you find a platform that’s comfortable for you to navigate. ThinkMarkets offers three trading platforms:ThinkTraderMT4MT5.All three have both mobile and desktop versions.ThinkTraderThinkTrader is the firm’s native trading platform. The platform includes more advanced trading and research features, such as:advanced charting,drawing tools,single-click trading.Plus, the customization options are incredible. One of the features I like is the multiple screens. You can easily change the number of screens and display layouts. In addition, you can detach any window to display additional charts across several monitors.It also offers fundamental analysis through the news section. The platform is available on the web, desktop, and mobile versions. I’ll talk about the mobile app in a moment.ThinkTrader platformMT4The MetaTrader 4, aka MT4, is the pioneer of trading platforms. Every broker’s MT4 is a bit different, and ThinkMarkets has added the extra layering. You can have access to tools like Trading Central. With Trading Central, you can understand where the markets are heading. The broker hosts the MT4 trading execution on Equinix, the fastest server.MT4 platformMT5The MetaTrader 5 is the successor of MT4. Like any successor, it has more robust features than its predecessor, which is appealing to more experienced traders looking for more versatility. You have more indicators and tools on the MT5. Some of the perks include:21 timeframes,6 pending order types,hedging and netting options, andmulti-thread strategy tester for EAs.MT5 platformThinkTrader APPThinkTrader has implemented several new features since acquiring Trade Interceptor. You can have a macro view to monitor four real-time charts, and you’re able to highlight areas on any chart to find exactly how many pips or points it corresponds to.ThinkTrader mobile appWhat are trading indicators available?As an active trader, technical trading is how you take your success to the next level – that’s where technical indicators are essential. ThinkMarkets offers plenty of trading indicators across all platforms, including:MACDMoving AveragesRSIBollinger BandsVWAP, and many more.Further reading Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage IronFx - trading platform overview Admiral Markets - Overview & Customer Ratings of the Broker ExpertOption - a review of new online trading platform FXTM (Forex Time): A Detailed Review of a Forex Broker with over 4 million users CMC Markets - Advanced Trading Platform ReviewWhat are ThinkMarkets’ trading accounts? There are plenty of account types available on ThinkMarkets, depending on your trading entity.As with tradable assets, the account types are determined by your trading entity. For instance, in the UK, the account types are:StandardProfessionalThink ZeroAccount types in the UKEuropean traders can have additional options:StandardProfessionalThink ZeroSwap-free accountAccount types EuropeLet’s compare every account type.1. Standard accountThe Standard account is the basic account you can get at ThinkMarkets. There is no minimum deposit, the lot sizes are standard, and you can customize them according to your trades. The smallest lot size is 0.01. This account is ideal for beginners who wish to get started with a low deposit.2. ThinkZeroAs the name suggests, the ThinkZero account gives you zero spreads. Yes, you read that right. But there is a catch! The broker charges a commission fee. The good thing is you can have both Standard and a ThinkZero account simultaneously. You need to know that ThinkZero accounts are only available on MT4 and MT5 platforms, and require a minimum deposit of $500.3. ProfessionalIf retail trading isn’t your thing, you can join the pros by opening a Professional account. The pro account has certain rules, which you need to qualify for. If you become eligible, you can start trading like an expert.4. Swap-freeThe swap-free, or Islamic account, offers zero swap rates. It follows the no-swap principles of Sharia banking. To open the account, you need to contact the support team first.Does ThinkMarkets offer a demo account?If you aren’t ready for live accounts, you can start by opening a paper trading/demo account. Yes, ThinkMarkets do provide a demo account, and it gives you a $10,000 virtual balance. The cool thing is you can demo trade on any platform.Further reading What Is Swap (XWP) And Why You Should Invest In It Discover the Magical 300-Year-Old Principles Called Technical Analysis Top Five Richest and Most Influential Traders Today Binary.com review 2023: Is it worth it? COTI Price Prediction And Forecast 2023–2026 Finrally binary options review 2023: should you sign up with this broker?How safe is ThinkMarkets? As part of regulatory bodies, every broker must provide a safe trading environment. We’ll take a look at how ThinkMarkets protects its users.With the UK entity, you can have £1 Million Insurance on top of FSCS £85,000 protection. For the EU entity, segregated funds and Investor Compensation Fund (ICF) protection is in place.With an International entity, you can have fund protection and top-tier insurance and banking partners. These safety measures give that extra layer of security that makes traders more confident in the platform.Where is ThinkMarkets located?ThinkMarkets’s headquarters are in London and Melbourne, and it has sub-offices in various countries worldwide.ThinkMarkets locationFurther reading Dogecoin, The Meme Coin That Took Over The World Using a Stochastic Oscillator - the Basics Trader's diary. Why and for what you need it? 10 Best Crypto Signals 2023 (Free & Paid) What Is Smooth Love Portion, and What Can You Do With It? WELTRADE review 2023: should you sign up with this broker?How to deposit funds in the ThinkMarkets account? Customers crave quick deposits. Fortunately, funding your account at ThinkMarkets is fast and easy – and there are a lot of payment methods.The payment methods depend on your trading entity. Global entity clients can use:Bank wireDebit/credit cardSkrillNetellerCryptocurrenciesPerfect MoneyEuropean entity offers:Bank wireDebit/credit cardNuveiSkrillAustralian clients can have:Bank wireDebit/credit cardSkrillNetellerBitpayPoLi payPayPalBPayUK entity clients can use:Bank wireDebit/credit cardSkrillNetellerDepositing through your card is instant. Bank wires can take three business days, while third-party apps’ payment methods can take 24 hours.ThinkMarkets depositHow to withdraw funds from the ThinkMarkets account?ThinkMarkets has the same withdrawal methods as deposits, according to the trading entities. Also, it takes the same amount of time. There are no additional fees for withdrawals or deposits.Further reading OptionsHouse by E*Trade - overview of the trading platform Swissquote review 2023: should you sign up with this broker? Top Five Richest and Most Influential Traders Today CumRocket, The Naughty Boy Of Cryptocurrencies FEATURES OF ISLAMIC ACCOUNTS FOR TRADING IN BINARY OPTIONS AND FOREX What Is SafeMoon, and Why Should You Hold It?How to contact ThinkMarkets? ThinkMarkets has a fast response time, making it popular amongst customers who prefer some extra support. There are several ways to contact the broker.ThinkMarkets’ customer service representatives are available via call, chat, or email. Also, they have an FAQ page where you can find all answers to your questions. You can also contact them through social media.ThinkMarkets contact pageDoes ThinkMarkets offer promo codes?ThinkMarkets doesn’t offer any promos; instead, they offer partnerships. There are four types of partnerships available:AffiliatesIntroducing brokers (IBs)White labelsRegional representatives.However, the partnerships depend on the entity you opened an account with.ThinkMarkets partnershipFurther reading What Is Smooth Love Portion, and What Can You Do With It? IC Markets Broker Overview NordFX - Reviews And Forex Trading Platform Review Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker Exness Review: A Top-Notch Forex Broker and the Official Partner of Real Madrid COTI Price Prediction And Forecast 2023–2026How do I make money with ThinkMarkets? There are a lot of choices out there when you’re searching for a zero-deposit broker.Even though opening an account with no minimum deposit seems like it’s relatively low-risk, it’s still important to research a broker’s conditions when opening even a small account.I’ve been using ThinkMarkets for a little over a year now, and I’ve had a positive experience. The broker has some favorable conditions for customers looking to start small and earn modest profits on their accounts.The customer support is active, and deposits and withdrawals are swift too. Also, there are plenty of trading account types and platforms.Let’s see what others have to say:Further reading What Is Smooth Love Portion, and What Can You Do With It? Free Online Interactive Binary Options Charts and Why You Should Use Them Full Review of Spectre.ai: Low-Risk, (Decentralized) Broker Uncovering the Benefits of Dukascopy Swiss Forex & CFD Brokerage 15 Types Of Trading: Choose Your Style Markets.com Reviews 2023: Is it The Most User-Friendly Trading Platform? FAQsWhat is ThinkPortal?ThinkPortal is ThinkMarkets’ secure client area. It enables you to manage your trading accounts, access services only available to live account holders, and deposit and withdraw money from your accounts.Can I see my trading history?Your trade history is not viewable from within your ThinkPortal. You can view trade history from within your trading platform.How do I apply for a new live account?Within ThinkPortal, you can quickly create a new live account and choose your preferred platform, account type, currency, and leverage by heading to trading accounts.Does ThinkMarkets offer bonuses?Unfortunately, ThinkMarkets currently doesn’t give any bonuses at the time of writing.Does ThinkMarkets charge tax?ThinkMarkets doesn’t charge taxes for profits. It gives tax info for the Australian entity; you can find all the info you need here.Who owns ThinkMarkets?Nauman Anees is the co-founder and CEO of ThinkMarkets, as well as the current owner.Final thoughtsThere you have it! ThinkMarkets shines in regulations, platforms, customer support, assets, spreads, fees, and account types. However, switching between various entities can sometimes be confusing.I’m not going to say it’s the best broker out there, but I’ll give it 4.2/5. I hope this review was informative and time-saving for you. If you are looking for forex brokers other than ThinkMarkets, you can check the complete list of brokers here.Visit »It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.Further reading Close Option - binary options broker review Nadex review 2023: should you sign up? Using a Stochastic Oscillator - the Basics Catecoin (CATE), World’s First Utility Meme Coin E-Trade feedback on the trading platform WELTRADE review 2023: should you sign up with this broker?