ThinkMarkets earns a trust score of 70/100 (Grade B). That grade reflects a broker holding multiple credible regulatory licences across several jurisdictions, tempered by reputational concerns that prospective clients should weigh carefully before depositing funds.
Which regulators licence ThinkMarkets?
ThinkMarkets operates through a network of regional entities. Six of these licences were confirmed on the respective regulators' public registers:
- FCA (United Kingdom) - TF Global Markets (UK) Limited holds licence (FRN 629628), placing the UK entity under one of the world's most stringent conduct-of-business regimes.
- ASIC%20PTY%20LTD) (Australia) - TF GLOBAL MARKETS (AUST) PTY LTD is licensed under (AFSL 424700).
- CySEC (Cyprus) - TF Global Markets (Europe) Ltd (ex A-Conversio Capital Ltd) holds licence (CIF 215/13), providing the broker's EU-passportable authorisation.
- FSCA (South Africa) - TF GLOBAL MARKETS (SOUTH AFRICA) (PTY) LTD is authorised under (FSP 49835).
- FSA Seychelles - TF Global Markets Int Limited holds securities-dealer licence (SD060). This is an offshore authorisation providing considerably lighter regulatory oversight than the Tier-1 licences listed above.
- FMA (New Zealand) - The entity is registered under (FSP623289). A minor name discrepancy exists: the broker's website refers to "TF Global Markets (Aust) Pty Ltd," whereas the FMA register lists the entity as "TF Global Markets (Aust) Ltd."
ThinkMarkets also claims authorisation from the DFSA (Dubai/DIFC) under licence F004173 and from CIMA (Cayman Islands) under licence WC-354069. When the DFSA's public register was searched, no matching entry appeared. The CIMA register likewise returned no listing.
Prospective clients should treat these two claimed authorisations with caution until they can be independently confirmed.
The broker additionally claims a JFSA (Japan) licence under number 関東財務局長(金商)第250号. A search of the Japan Financial Services Agency's register did not produce a matching entry, so this claimed authorisation also remains unconfirmed.
How are client funds protected?
If you trade under the FCA-regulated UK entity, you benefit from the Financial Services Compensation Scheme (FSCS), which provides statutory protection of up to £85,000 per eligible claimant should the firm become insolvent. FCA-regulated retail clients also receive negative balance protection.
Clients onboarded through CySEC are covered by the Investor Compensation Fund (ICF), offering up to €20,000 per eligible client. Australian clients should be aware that Australia does not maintain an FSCS-equivalent investor-compensation fund for retail FX/CFD trading.
What is ThinkMarkets' reputation?
ThinkMarkets was established in 2010 and is registered in the United Kingdom. Its reputation presents a mixed picture.
On the positive side, the ThinkTrader app holds a 4.6/5 rating on the App Store (114 ratings) and 4.4/5 on the Google Play Store (6.96K reviews). On TradingView, the broker holds a 4.6/10 rating from approximately 2,800 ratings.
On the negative side, Trustpilot has suspended ThinkMarkets' rating page entirely due to a guidelines breach involving the removal of fake reviews. That is a serious indicator of review manipulation.
Across roughly 530 Trustpilot reviews, the distribution is highly polarised: 65% at five stars and 21% at one star, with recurring complaints centring on withdrawal delays, profit confiscations, and account freezes. WikiFX reports 83 negative cases out of 93 total submissions and has placed ThinkMarkets on its Complaint Blacklist as of August 2026. These issues warrant careful due diligence before committing capital.
Tier Breakdown
ThinkMarkets holds 9 regulators: 3 tier-1 licences (Financial Conduct Authority, Australian Securities and Investments Commission, Japan Financial Services Agency); 4 tier-2 licences (Dubai Financial Services Authority, Cyprus Securities and Exchange Commission, Financial Sector Conduct Authority, Financial Markets Authority); 2 offshore licences (Financial Services Authority, Cayman Islands Monetary Authority). Note that the JFSA, DFSA, and CIMA licences could not be independently confirmed on their respective public registers.
The tier-1 classification for the JFSA is based on the broker's claim rather than a verified register entry.
EngineForex Trust Score
ThinkMarkets: 70/100 (Grade B)
| Component | Score | Note |
|---|
| Regulator tier coverage | 40/40 | 3 tier-1 licences |
| Number of regulators | 15/15 | 9 regulators |
| Years of operation | 15/15 | 16 years (10+) |
| Trustpilot rating | 0/20 | SUSPENDED, rating is unavailable due to a breach of our guidelines. |
| Trustpilot review volume | 0/10 | n/a, Trustpilot rating suspended |
*Computed deterministically from verified register reads, founding year, and live Trustpilot data. See EngineForex's "How We Review Brokers" for the full methodology.*
