ThinkMarkets was established in 2010 and has worked for the regulations and operational aspects.
ThinkMarkets Review – Background Information
It is based in Australia, but it also has offices worldwide. The second headquarters of ThinkMarkets is located in London. It is also present in the Middle East, Europe, South Africa, Asia-Pacific, and South America.
While it covers almost every part of the globe, traders from the US are not accepted by the company. Countries like Canada, France, India, and Belgium are also not allowed by ThinkMarkets.
Regulation and Licensing
It is regulated and licensed by FCA and ASIC because its headquarters are in Melbourne and London. ASIC and FCA are considered the top regulatory agencies in the world. The license number provided by ASIC is 424700, and the company is registered with FCA with registration number 629628. The license number for the company’s regulations in South Africa is FSP NO 49835. 
MiFID regulates ThinkMarkets with the license number provided by FCA. On the flip side, it gives some awesome guarantees to the consumers. The trader’s funds are covered up to GBP 50,000 by the compensation scheme provided by FSCS. What about those traders whose balances cross this limit?
The additional insurance of FSCS purchased by the broker comes to rescue these traders. The limit of this insurance is up to GBP 1 million. But to avail of this insurance, you need to trade through the UK entity of the broker. Protection of up to $1 million is also available for the bodies present in South Africa and Bermuda.
Are There Any Complaints on ThinkMarkets Forex Broker?
Even though operations are serious, traders seem to love it. The feedback can be accessed on portals like TrustPilot and Forex Peace Army, and most traders gave positive feedback.
Why Do Traders Like ThinkMarkets?
What makes you want to join ThinkMarkets? What are the distinctive brokerage’s selling points?
While it has outstanding insurance, it also provides some fantastic conditions for trading. A platform for proprietary trading is also available called Trade Interceptor. The mobile version of the Trade Interceptor has won some Forex industry awards, and the clients greatly appreciate it.
The order execution of ThinkMarkets is also said to be the best. Some users have declared a broker a hidden gem because of this feature.
The range of trading products and the service provided to the client also need attention.
Trading Platforms and Tools
The strength of the broker relies on the tools and trading platforms. Furthermore, there are several versions to support MT4.
- MT4 Mac
- MT4 Regular
- MT4 WebTrader
- MT4 Mobile
- Trade interceptor mobile
- Trade interceptor
Forex/CFDs traders who know the pros and cons of online trading don’t need any introduction to MT4. Without any doubt, MT4 is the most popular platform for trading because it is fully customizable, offers superb charting, and is a one-click trading option.
MT4 is heavily loaded with a wide range of technical indicators. Traders can always customize their EAs and technical indicators.
The Trade Interceptor is attractive because while it has a version for the desktop that works well, the quality of its mobile version is quite impressive.
You can have split screen or quad screen layouts, drawing tools, and 80 technical indicators installed.
The Trade Interceptor also offers Cloud-based alerts and triggers. TrendRisk scanner is used as a calculator of risk management, which is easily accessible on the mobile version of the Trade Interceptor.
The broker offers you an economic calendar and a news stream for further analysis. And the incredible thing about it is the access to Autocharlist. The best solution for fundamental research is FX Wire Pro. It offers technical reports, event-driven flashes, commentary, and central bank bulletins, all in one place.
Asset Categories
FX one is the top asset class of the broker, with 39 currency pairs.
Other classes are:
- Commodities
- Indices
- Metals
- Shares
- Cryptocurrencies
While there are some excellent trading conditions in FX pairs, there is a limitation in the selection of indices. But you can always use Trade Interceptor or MT4 to trade this asset class.
There are 125 tradable assets in the shares category. There is no commission fee on the trade of these shares, and they come with attractive spreads. Google, Amazon, and Apple are the most significant shares belonging to the tech industry.
The commodities section covers coffee, natural gas, oil, etc. Keep in mind; you can trade all these assets without commission.
Cryptocurrencies are unique assets, and you can only trade them via CFDs. The brokers favor pairing cryptocurrencies with USD, but it doesn’t sell or purchase actual cryptos. You can only bet on the change in the price of pairs by trading these assets. ThinkMarkets is not a cryptocurrency exchange.
Trade Commissions and Fees
You will pay the commissions and spreads at ThinkMarkets depending upon the type of your account. They offer two basic account types, but you always request other types.
There is no commission in the standard-type account. The FX spreads around 1.2 pips on average, which is not impressive. These spreads start from 0.4 pips. On metals, the spreads usually start from 25 cents to 0.4 points on CFD.
There are much better spreads offered on the ThinkZero account, but there is a commission of GBP 2.5 units on each side. CFDs are exceptions without any commission fee, and the spread starts from 0.4 points.
The starting point of FX spreads on this account is 0 pips, closing out at 0.1 pips on average. The spreads on metals start from 8 cents.
Other available account options include a Joint account and a Sharia-compliant Islamic account.
Research and Education
There are three main course sections, which are; “Beginner,” “Intermediate,” and “Advanced.” These courses include all the information needed by the trader to perform well. You can also select webinars of trading.
Trader Support
You can contact the staff of ThinkMarkets via email, with some phone numbers and live chats.
ThinkMarkets Mobile App
The mobile version consists of both platforms that the broker offers. While everyone knows about MT4, it is a pleasant surprise to have access to Trade Interceptor too.
To Trade or Not to Trade with Think Markets
ThinkMarkets have a high reputation for providing CFD/Forex with solid regulations. The operator has an excellent selling angle using the Trade Interceptor platform.
The range of tradable assets offered by MT4 is pretty decent. Brokers support cryptocurrency CFDs to make an excellent traditional class of assets.
