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.
What licences does ThinkMarkets hold?
ThinkMarkets holds 9 licences from 8 regulators.
- TF Global Markets (UK) Limited, FCA FRN 629628: UK clients. Verified on the register.
- TF Global Markets (Aust) Pty Ltd, ASIC AFSL 424700: Australian clients. Verified on the register.
- TF Global Markets (UK) Limited (DIFC Branch), DFSA F004173: clients in the DIFC (Dubai). Verified on the register.
- TF Global Markets (Europe) Ltd, CySEC CIF 215/13: EU clients. Verified on the register.
- TF Global Markets (South Africa) (Pty) Ltd, FSCA FSP 49835: South African clients. Verified on the register.
- TF Global Markets Int Limited, FSA Seychelles SD060: international clients. Verified on the register, listed as "TF Global Markets Int Ltd". The register publishes no licence numbers, so SD060 is the broker's own figure.
- TM Trading Limited, FSA Seychelles: international clients. Verified on the register, listed as "TM Trading Limited".
- TF Global Markets (International) Limited, CIMA 1612531: international clients. Verified on the register, listed as "TF Global Markets (International) Ltd".
- TF Global Markets (International) Ltd, FSC Mauritius: international clients. Verified on the register, listed as "TF Global Markets (International) Ltd".
Not confirmed on the register: TF Global Markets (Aust) Pty Ltd appears on New Zealand's Financial Service Providers Register as FSP623289, status Registered. The FSPR records registration as a financial service provider, not a licence from the Financial Markets Authority. The FMA licence this row claims has not been checked against the FMA's own register, which the FMA does not allow to be read automatically.
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 claimed JFSA registration could not be confirmed on its public register.
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.*