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Is THINKMARKETS one of the best Australian Forex Brokers? We conducted an in-depth review in January 2021 to find out the answer and bring it to you!
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. Their UK office is now the second headquarter next to the Melbourne location.
Additional offices are located in other global financial hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America
Since its launch, ThinkMarkets have won numerous industry awards and have launched their very own proprietary trading platform called ‘ThinkTrader’ in the year 2016.
|💻 Trading Platform||MetaTrader 4, MetaTrader 5, ThinkTrader|
|🏢 Head Office||London, UK and Melbourne, Australia|
|⭐ Reviews||6.1 - 154 Reviews Trust Pilot|
|↔ Maximum Leverage||500:1|
|🖥 Execution Servers||LD5 and HK4|
|📡 Broker Type||ECN|
|💰 Negative Protection||No|
|📊 Trading Options||Forex, CFDs, Commodities, Share CFDs, Crypto|
|OUR RATING: 8.2|
|The overall raiting is based on review by our experts
|👌 Reliability: 8 / 10||📈 Spread: 8 / 10|
|🞧 Offers: 7 / 10||🚅 Speed of Execution: 9 / 10|
|📧 Customer Service: 9 / 10||👍 Uptime: 8 / 10|
|Spread:||From 0.0 Pips|
|Cuts out Dealing Desk:||Yes|
|Methods of deposit and offers|
|Deposit / Withdraw:|
|Rebates Engine Forex:||Coming soon!|
SECURITY, MARGINS AND TECHNOLOGY
SECURITY AT THINKMARKETS
- ASIC regulated
- FCA regulated
- FSCA registered
- High-level web security
Headquartered in Melbourne, Australia, and London, UK, ThinkMarkets is regulated and authorised by several important regulators around the globe. Listed below are the unique entities and their regulatory supervising authorities:
- TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. Registered address: Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE. Company number: 09042646.
- TF Global Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. Registered address: Level 18, 357 Collins St, Melbourne VIC 3000 Australia. ABN: 69158361561.
- TF Global Markets (South Africa) (Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835) with registered office address: 4th Floor, 96 Rivonia Road, Sandton, 2196. Registration number 2017/098181/07.
- Think Capital Limited is registered in Bermuda with company number 51879. Registered address: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.
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.
Registered in numerous jurisdictions, ThinkMarkets are regulated and authorised by various, important regulatory entities.
CHARGES AND MARGINS AT THINKMARKETS
- Spread mark-up or
- $3.50 commission per standard lot round-turn
- Up to 500:1 leverage
- 3 unique account options
ThinkMarkets clients have access to 38 currency pairs with spreads starting from 0.0 pips (for example on EUR/USD) on these Forex pairs. Leverage is up to 500:1 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. Australian clients can also invest directly in over 2400 ASX equities and ETFs at just $8 flat fee per trade.
Metals, such as gold, silver, platinum and copper can be traded starting from 10 cents with maximum leverage of 500:1 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.
- Excellent trade execution
- MT4 & MT5
- ThinkTrader & ZuluTrade
- Free VPS available
ThinkMarkets clients can choose from three trading platforms: the two popular trading platforms from MetaQuotes MetaTrader 4 (MT4) and MetatTrader 5 (MT5) as well as their 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, etc. It’s completely customizable and available on mobile devices, as a web trading platform as well as for Mac.
ThinkMarkets MetaTrader 4 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 is available for mobile trading on all popular Android and Mac devices as well as a web browser platform.
Similarly, MT4's younger brother MT5 is available as a downloadable desktop version, as well as a web browser app and for mobile trading on iOS and Android devices.
The proprietary ThinkTrader platform is a sophisticated trading app which is available for desktop, mobile trading and tablets. It offers unique and powerful technical analysis tools and a multitude of advanced features for charting, order-handling and real-time market news flashes from an established international news agency (FX Wire Pro).
Additionally, investors have the option to utilise ZuluTrade and its copy-trading functionality. ZuluTrade is one of the most popular copy-trading platforms within the Forex trading space, offering access to a wealth of traders and portfolios to choose from.
ThinkMarkets' clients further enjoy access to the Trading Central suite of intelligent trading tools. Trading Central is an industry leader in the provision of actionable investment research products and tools for individual traders, hedge funds, brokers, financial institutions and stock market exchanges around the world. Their offering includes both human and automated interpretation of technical, fundamental and value-based analytics. These trading and market insights empower the sophisticated trader to participate in financial markets by assisting them to generate trading ideas, validate trading decisions and manage risk.
ThinkMarkets’ MT4 version 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 is available on all popular Android and Mac devices as well as a web browser platform.
Execution of Speed Comparison
CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES
AN OVERVIEW OF THINKMARKETS' CUSTOMER SERVICE AND CLIENTS
- 24/5 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, and offers personalised and award-winning customer support 24/5 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. Swap-free accounts are available as well as Joint accounts.
Offering the popular trading platforms MT4 and MT5 as well as their proprietary trading platform ThinkTrader, ThinkMarkets gives their clients access to three excellent Forex and CFD retail market platforms. However, ThinkTrader is only available on the Standard Account option.
The three account types offered are: ‘Standard Account’, ‘ThinkZero’ and ‘Islamic 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 $0 already, the ThinkZero account requires balances from $500.
No additional commission fee is charged to Standard Account holders’ transactions, where, on the other hand, the ThinkZero account comes with commissions of $3,50 per lot and side.
All account types allow for a maximum leverage of 500:1 and lot sizes set to 1.0 lot.
Apart from a solid selection of currency pairs ThinkMarkets clients have also access to precious metals (gold, silver, platinum and copper), commodities (such as Brent and WTI oil, or natural gas), a small selection of global indices, 5 cryptocurrencies and a large selection of 1500 equities (share CFDs) and ETFs.
Another positive point about ThinkMarkets is that they have won numerous industry awards. For example, ThinkMarkets were awarded Best Value Broker in Asia at the 2020 Global Forex Awards (announced September 2020) https://www.globalforexawards.
FOREX AND OTHER TRADING OPTIONS AT THINKMARKETS
- Forex pairs & crypto CFDs
- 1500+ equity & ETF CFDs
- 4 metals & commodities
- 15+ global indices CFDs
ThinkMarkets gives traders access to 38 currency pairs, 15+ global indices CFDs, over 1500 share CFDs (including ETFs), various commodities, 4 precious metals and 5 digital asset CFDs.
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. Australian clients can also invest directly in over 2400 ASX equities and ETFs at just $8 flat fee per trade.
ThinkMarkets offers leverage up to 500:1 (on Forex and precious metals trading), different funding currencies, and spreads starting from as low as 0.0 pips. Clients can begin trading with minimum operating balances starting from $0 with a Standard Account.
In February 2018, ThinkMarkets launched share trading and has since gown their offering of equity CFDs dramatically. Major shares and ETFs are available across US, Europe and Australian markets. No commissions are charge on share CFD 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
- MT4, MT5 & ThinkTrader
- Top-notch technology
- Tight spreads & leverage up to 500:1
- Free VPS available
Multi-industry-awards winning online broker, including for ‘Best Customer Service’ as well as ‘Best Broker Australia’, or Best Value Broker in Asia at the 2020 Global Forex Awards.
Two excellent trading platforms (if operating a Standard Account).
Their 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, etc.
Free VPS service available.
ZuluTrade social-trading network access.
Individual and professional Account Managers for ThinkZero Account holders.
LD5 & HK4 trading servers to guarantee rapid trade execution and stable trading environment.
Their proprietary trading platform ThinkTrader is uniquely designed and fully customizable. It offers a lot of excellent features such as ‘1-click trading’ and an extensive suit of technical analysis and charting tools.
Max Leverage Comparison
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. Australian clients can also invest directly in over 2400 ASX equities and ETFs at just $8 flat fee per trade.