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Is THINKMARKETS one of the best Australian Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

Established under the name ThinkForex in the year 2010 in New Zealand, a rebranding to ThinkMarkets was undertaken. Today, ThinkMarkets is headquartered under the company name TF Global Markets (Aust) Pty Ltd in Melbourne, Australia, to ensure the highest standards of client security under ASIC regulation.

In 2015, ThinkMarkets further expanded by launching a satellite UK office in London under FCA (Financial Conduct Authority) regulation.

Additional offices are located in other global financial hubs such as Shanghai, Shenzhen, Dubai and Santiago.

Since its launch, ThinkMarkets have won numerous industry awards and have launched their very own proprietary trading platform called ‘ThinkTrader’ in the year 2016.


ThinkMarkets

Our Rating

The overall rating is based on review by our experts

8.2 4.1 1
  • Reliability 8 / 10
  • Spread 8 / 10
  • Customer Service 9 / 10
  • Offers 7 / 10
  • Speed of Execution 9 / 10
  • Uptime 8 / 10

This post is also available in: deDeutsch itItaliano

ThinkMarkets - Overview

Trading Conditions

  • Max Leverage
    400:1
  • Platform
    MetaTrader4 TradeInterceptor
  • Min Deposit
    $250
  • Spread
    From 0.1 Pips
  • Cuts out Dealing Desk
    No

Methods of deposit and offers

  • Deposit / Withdraw
    VISA , MasterCard PayPal Neteller Skrill Wire Transfer BPay
  • Welcome offer
    n/a
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin Ethereum Dash Litecoin Ripple Monero Neo Bitcoin-cash Bitcoin-Gold IOTA Omisego Zcash ETP
  • Headquarter
    Melbourne

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT THINKMARKETS

In Summary

  • ASIC regulated
  • FCA regulated
  • High-level web security

Headquartered in Melbourne, Australia, and being regulated in Australia and the UK, ThinkMarkets are regulated and authorised by the Australian Securities and Investment Commission (ASIC) and the FCA (Financial Conduct Authority).

All client funds are never used for hedging and are held safe and securely in segregated trust accounts in carefully selected Australian banks (CBA and NAB) and are administered in accordance with the provisions of the Corporations Act.

Regulated in Australia and the UK, ThinkMarkets are regulated and authorised by the Australian Securities and Investment Commission (ASIC) and the FCA (Financial Conduct Authority).

Spreads Comparison

THINK MARKETS
80
PEPPERSTONE
100
OANDA
60
IC MARKETS
100
CMC MARKETS
60
PLUS 500
30

CHARGES AND MARGINS AT THINKMARKETS

In Summary

  • Spread mark-up or
  • $5 commission per standard lot round-turn
  • Up to 400:1 leverage

As is the case with all brokers, clients pay a spread on every non-equity CFD and commission on every equity CFD trade.

ThinkMarkets clients have access to 38 currency pairs and 13 cryptocurrencies with spreads starting from 0.1 pips (for example on EUR/USD) on these Forex pairs. Leverage is up to 400:1 and minimum trade sizes are set to 0.01 lots across all offered currency pairs.

Eight of the major global indices can be traded starting from 0.25 points. Maximum leverage is up to 200:1 and minimum trade sizes are set to 1 lot for all indices.

Metals, such as Gold, Mini Gold, Silver and Mini Silver can be traded starting from 10 cents with maximum leverage of 400:1 and minimum lot sizes of 0.01 lots.

Commodities are commission-free and can be traded with a maximum leverage of 200:1 and minimum trade sizes of 1 lot.

TECHNOLOGY

In Summary

  • Excellent trade execution
  • MT4 & ThinkTrader
  • Trade Interceptor
  • VPS available

ThinkMarkets offers their clients two trading platforms: the popular MetaTrader 4 as well as their own uniquely designed proprietary platform named ThinkTrader.

They have spent a lot of time developing their own trading platform in-house, always keeping traders of all experience levels in mind. It was launched in the year 2016 and offers a lot of excellent features such as ‘1-click trading’, an extensive suit of technical analysis and charting tools, integrated Autochartist, etc. It’s completely customizable and available on mobile devices, as a web trading platform as well as for Mac.

‘MetaTrader 4 has just gotten even better with ThinkMarkets’ MT4 Super’ which features unique ‘next-generation add-ons’ such as: 27 institutional-quality apps and indicators, advanced order execution, option to use EAs (Expert Advisors), real-time news, etc. MT4 Super is available on all popular Android and Mac devices as well as a web browser platform.  

Only recently, in May 2017, ThinkMarkets took a further step ahead by acquiring ‘Trade Interceptor’, one of the most popular charting and analytics apps on the market. This app, available on all major mobile devices such as iOS, Android, Windows Mobile, Blackberry and Amazon’s FireOS, gives access to triple the number of chart-types and indicators commonly available on other retail brokers’ apps. 

‘MetaTrader 4 has just gotten even better with ThinkMarkets’ MT4 Super’ which features unique ‘next-generation add-ons’ such as: 27 institutional-quality apps and indicators, advanced order execution, option to use EAs (Expert Advisors), real-time news, etc. MT4 Super is available on all popular Android and Mac devices as well as a web browser platform.

Execution of Speed Comparison

THINK MARKETS
90
PEPPERSTONE
100
OANDA
80
IC MARKETS
100
CMC MARKETS
90
PLUS 500
70

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF THINKMARKETS' CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/6 customer support
  • Global presence with large client base
  • 3 account types to choose from
  • Swap free account option (Islamic Shariah compliant)

ThinkMarkets has clients all over the globe, with a strong market presence in Australia, and offers personalised and award-winning customer support 24/6 through Live Chat, telephone hotline and email. Support and their website is available in 10 different languages.

Clients can choose between three different account types as well as a ‘Demo’ or ‘Live’ account version. All those three account types can be used as an ‘Individual’, ‘Joint’, ‘Corporate’ or ‘Superannuation’ account. Swap-free accounts are also available on two of the three account types.

With their take on MT4 (Super) and their own proprietary trading platform ThinkTrader, ThinkMarkets gives their clients access to two excellent Forex and CFD retail market platforms, but only on one of three available account types. ThinkTrader is only available to Standard account holders. Pro and VIP account holders are only able to use MT4 but are given more advanced access to trading tools such as AutoChartist, free VPS service and an individual account manager. VIP account holders are also enabled to make use of FIX 4.4 API connections.    

The three account types offered are: ‘Standard account’, ‘Pro account’ and ‘VIP account’.  Their main differences, apart from giving access to either one or two trading platforms, are the minimum operating balances, minimum contract sizes, spreads and due commissions. When the Standard account version can be operated with balances from 250 already, the Pro account requires balances from 2,000 and lastly the VIP account from 25,000. No additional commission is charged to Standard account holders’ transactions, where, on the other hand, an additional fee of 3 units per side is charged to Pro account holders’ transactions (this does not apply to ThinkTrader!). VIP account holders are asked to contact ThinkMarkets’ Support and Expert team to negotiate their extra commissions individually.

All account types come with a maximum leverage of 400:1 (on Forex and Metals) and lot sizes set to 1.0 lot.

Apart from a solid selection of currency pairs (38) ThinkMarkets also offers a smaller selection of indices, compared to other retail brokers, from around the globe to choose from, including the US S&P 500, the Australian S&P 200 Index, UK FTSE 100 Index, Germany Dax 30 or Japan Nikkei 225.

They have one of the largest selection of cryptocurrencies available for trading!

FOREX AND OTHER TRADING OPTIONS AT THINKMARKETS

In Summary

  • 38 currency pairs
  • 13 cryptocurrencies
  • 4 metals + 2 commodities
  • 8 indices & 130+ share CFDs

ThinkMarkets gives traders access to 38 currency pairs, 8 global Indices, over 130 share CFDs, 2 commodities, 4 metals and 13 cryptocurrencies.

Traders can choose to trade on the above mentioned options including some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, US S&P 500, Germany 30 and Nikkei 225.

ThinkMarkets offers leverage up to 400:1 (on Forex and Metals), different funding currencies, and spreads starting from 0.1 pips. Clients can begin trading with minimum operating balances starting from $250 with a Standard account.

Only very recently (February 2018), ThinkMarkets launched share trading of over 130 of the major shares available across US, Europe and Australian markets. No commissions are charge on share trading and leverage can go as high as 10:1. This is another ground breaking and interesting opportunity for the sophisticated trader using ThinkMarkets' services.

SPECIAL FEATURES OF THINKMARKETS

In Summary

  • Trade Interceptor
  • Top-notch technology including own proprietary platform
  • Tight spreads, 13 cryptos & leverage up to 400:1
  • VPS offering

Multi-industry-awards winning online broker, including for ‘Best Customer Service’ as well as ‘Best Broker Australia’.

Two excellent trading platforms (if operating a Standard account).

Their own proprietary trading platform ThinkTrader which is uniquely designed and fully customizable. It offers a lot of excellent features such as ‘1-click trading’, an extensive suit of technical analysis and charting tools, integrated Autochartist, etc.

Offering ‘Trade Inceptor’, a high-end and advanced charting and analytics app.

Free VPS service for both Pro and VIP account holders.

13 cryptocurrencies to trade - one of the largest selections in the online Forex broker scene!

Their own proprietary trading platform ThinkTrader which is uniquely designed and fully customizable. It offers a lot of excellent features such as ‘1-click trading’, an extensive suit of technical analysis and charting tools, integrated Autochartist, etc.

Max Leverage Comparison

THINK MARKETS
400:1
PEPPERSTONE
500:1
OANDA
100:1
IC MARKETS
500:1
CMC MARKETS
500:1
PLUS 500
300:1

IN CONCLUSION

ThinkMarkets is one of Australia's leading Forex brokers offering a great user experience and professional trading environment. Their customer support and overall trading conditions are excellent and at a world-class level. ThinkMarkets is currently also one of the top brokers with the largest selection of tradable cryptocurrencies.  

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Steffen Droell
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