ThinkMarkets Review 2022
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| ThinkMarkets is a multi-regulated forex and CFD broker | ||
ThinkMarkets is a multiple award-winning broker that provides access to Forex, CFDs, indices, stocks, commodities, cryptocurrency, spread betting (UK Only). With ThinkMarkets traders can use both the MetaTrader4 and MetaTrader5 platforms.
In terms of features offered to traders, ThinkMarkets has Demo Accounts, Islamic Accounts, Social Trading and Auto Trading but is missing Signals.
ThinkMarkets also gives traders access to 5 cryptocurrencies: BTC, ETH, XRP, BCH and LTC.
Careful traders will be pleased to know that ThinkMarkets is licensed to provide trading services by multiple regulatory bodies, 4 in fact, including the FCA.
ThinkMarkets Summary
ThinkMarkets is a multi-regulated forex and CFD broker
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, stocks, commodities, cryptocurrency, spread betting (UK Only) |
| Demo Account | ✓ |
| Min. Deposit | $0 |
| Min. Trade | 0.01 lots |
| Regulated By | FCA, ASIC, FSCA, FSA Seychelles |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✗ |
| Mobile Apps | ✓ |
| Auto Trading | Yes - EAs compatible |
| Trade Signals | ✗ |
| Social Trading | ✓ |
| Copy Trading | ✓ |
| Islamic Account | ✓ |
CFD Trading
CFDs are available on multiple markets, including FX, indices, shares, commodities & cryptocurrency
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 0.7 |
| GBPUSD Spread | 1.2 |
| Oil Spread | 3 |
| Stocks Spread | From 0.4 points |
Forex Trading
Trading available on 40 major, minor, and exotic currency pairs
| GBPUSD Spread | 0.3 (ThinkZero) Variable. |
|---|---|
| EURUSD Spread | 0.0 (ThinkZero) Variable. |
| EURGBP Spread | 0.3 (ThinkZero) Variable. |
| Assets | 40 |
Cryptocurrency Trading
Trading on popular 15+ crypto coins, including Bitcoin, Ethereum & Dash. Leverage up to 1:10
| Spread | BTC 25, ETH 6 (Variable) |
|---|---|
| Coins | BTC, ETH, XRP, BCH, LTC |
Payment Methods
ThinkMarkets accepts the following payment methods:
- Mastercard
- POLi
- BPAY
- Credit Card
- Visa
- Skrill
- Neteller
- Wire Transfer
Awards
ThinkMarkets is a multiple award-winning broker, with 5 awards received so far.
- Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
- Best Value Broker in Asia at the 2020 - Global Forex Awards
- Best Forex Trading Experience 2017 - UK Forex Awards
- Best Forex Trading Innovation 2017 - UK Forex Awards
- Best Customer Service 2013 - UK Forex Awards
FAQ
Is ThinkMarkets Safe?
Yes, we gave ThinkMarkets a high 90% trust score in our review and believe traders should be safe here. One of the main positives for ThinkMarkets is that they're regulated by our own Financial Conduct Authority (FCA) here in the UK.
Does ThinkMarkets Accept PayPal?
No, ThinkMarkets does not accept PayPal payments.
Is ThinkMarkets Halal?
Yes, ThinkMarkets does offer an Islamic trading account and should thus be Halal to trade with.
What trading platforms does ThinkMarkets support?
With ThinkMarkets you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is ThinkMarkets Regulated?
Yes, ThinkMarkets is regulated by 4 different regulators: FCA, ASIC, FSCA and FSA Seychelles. Most importantly, they're regulated by our own strong FCA here in the UK.
ThinkMarkets vs Other Brokers
If you want to compare ThinkMarkets with other brokers, use the detailed comparisons below.
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| ThinkMarkets is a multi-regulated forex and CFD broker | ||