Founded in 1999, ThinkMarkets is a regulated broker registered in Australia, offering trading in 4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, and gold with leverage up to 1:500 and spread floating from 0.0 pips via ThinkTrader, TradingView, and MT4/5 platforms. Demo accounts are available and the minimum deposit requirement to open a live account is only $50.
Pros and Cons
Pros:
It offers a wide variety of financial instruments for trading.
It has several trading platforms, including MetaTrader4, MetaTrader5, TradingView and ThinkTrader.
It offers a ThinkZero account with ultra-low spreads and high execution speed.
The customer service team is multilingual and available 24/7.
It has a wide range of educational resources (academy, glossary, videos) for traders.
It does not charge commissions for deposits or withdrawals.
Cons:
The minimum deposit for the ThinkZero account is $500, which may be an obstacle for some traders.
Educational resources may be too basic for advanced traders.
Clients from the United States, Canada, Bermuda the European Union, Australia, United Kingdom, Russia and Japan are not allowed.
Market Instruments
ThinkMarkets offers 4,000 CFDs on forex, indices, commodities, cryptocurrencies, stocks, ETFs, futures, and gold.
Trading Accounts
ThinkMarkets offers its clients three live account options: the Standard Account, the ThinkTrader Account, and the ThinkZero Account.
| Account Type | Tradable Assets | Base Currencies | Min Deposit | Spread | Trading Platforms |
| Standard | Forex, commodities, indices, crypto, stocks, ETFs and futures | USD, AUD, GBP, EUR, SGD, CHF | $250 | From 0.4 pips | MT4/5 |
| ThinkTrader | Forex, stocks, indices, commodities, crypto and ETFs | USD, AUD, GBP, EUR, NZD, SGD, CHF | $50 | ThinkTrader, TradingView | |
| ThinkZero | Forex, commodities, indices, crypto, futures and stocks | USD, AUD, GBP, EUR, SGD, CHF | $500 | From 0.0 pips | MT4/5 |
Leverage
Leverage is an important tool in forex trading, as it allows traders to increase their buying power and have access to greater trading opportunities. At ThinkMarkets, the maximum leverage offered is 1:500 for all account types, which means that traders can control a position up to 500 times the size of their account.
Trading Platform
ThinkMarkets offers its clients four different trading platforms: MetaTrader4, MetaTrader5, TradingView and ThinkTrader.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web, Desktop, Mobile | Beginners |
| MT5 | ✔ | Web, Desktop, Mobile | Experienced traders |
| TradingView | ✔ | Web, Desktop, Mobile | Beginners |
| ThinkTrader | ✔ | Web, Mobile | / |
MetaTrader4 is one of the most widely used trading platforms in the world and has earned a great reputation due to its ease of use and wide range of technical analysis tools and resources.
MetaTrader5 is the most advanced MetaTrader trading platform, with additional features such as the ability to trade futures and options.
TradingView is a premium business utility that offers a free demo of its trade charting platform. The app is simple for beginners and effective for technical analysis experts.
ThinkTrader is ThinkMarkets’ proprietary trading platform, designed to provide a superior trading experience with advanced features, an intuitive interface and full customization.
