ThinkMarkets Review

Account 64372 and i want to warn all traders that think markets is 100% playing with our trades i have pics and video of that...they move price against your position to close it..and its true.i mean it..stay away please

Aug 9, 2022 - 4 Stars I am still new with thinkmarkets around two weeks and i did deposit which is instant and i did two withdrawals which i got in 12 hours with credit card....so i like so far everything only one thing is the android app is little laggy or slow or late price update..i dont understand but yea need to improve...rest i ll update once i ll withdraw some profit ..

My name is Caswell Malome Gamedza and my MT5 account in Think Markets is 28516 ,i registered and submitted all the required documents and they were approved as a result i have been trading for a month with them . I have managed my profits to be over Eur 10000 after trading different currencies , a week ago i noticed that the money was withdrawn from my account and i have contacted support to ask why they withdrew my balance, they told me that THEY CAN ONLY REPLY ME VIA TELEPHONE CONVERSATION ,NOT BY WRITING OR VIA EMAIL .After insisting on communicating via email i was reffered to ANDREA S. which she told me that my money is gone and i will never get it back because i sent a bad proof of address of which they insist that its fake ,they didnt give me any chance to explain my situation with a simple proof of address or to ask me to send my latest proof of address instead they decided to scam me because my profit was very huge .This is discrimination against me because i am Black person and am not European ,the problem is that Andrea S. doesnt know that i have a sick child and he has Cancer which probably he will die in 3-6 months , i need my money for the treatment of my child and i am willing to do anything in this life to take this money even if i have to go to prison .Can someone assist me to get my money that i have been scammed by Andrea S. so as to get treatment for my child ,i am in a terrible position i cant even believe and am in shock of what she did to me .

I deposited my first deposit to this broker on 24 August 2022 and later on 8 September he just withdraw 98 usd from my balance

I have been trading for 15 years now and make good money from it. I have been using Thinkmarkets for several years now. My last dealings with them has left me with a sour taste in my mouth. I feel it important to let all traders out the know they should stay away from these guys. I write very few reviews, so pay attention.

They are running a terrible deposit/withdrawal fee scam. They state on their website and in correspondence to me that they do not charge fees. Well, they just charged me a whopping 5.2% deposit fee when I did my last withdrawal. The will tell you that it is in the terms and conditions that they can do this - and it is, so be afraid. When queried, they refused to provide any reason for the charges, which makes it totally arbitrary. I traded a significant number of lots and made significant profits. There is simply no justifiable reason for the charges but they charged me anyway.

Be very careful when dealing with a company like this. Normally when a company starts fleecing clients, it is a sign of financial trouble on the horizon. You have been warned.

I traded on this platform for about 2 years, and gathered evidences sufficient to convince me this ThinkMarkets is a scam and may be deliberately involved in trade manipulations.
Trade activities are coordinated on the cellular and tablet apps, I used the iOS app and it had various app bugs. Also, the account sometimes logged out in trade sessions while positions were open, causing you to miss a TP or close a position gathering losses. I also experienced an abnormal position closure which I summarized below:
On Friday May 13 2022, I opened a Buy position for the US30 Index at USD31,950.60 before the US market closed, the profit was USD1117 thereabout on Friday at the time the market closed. I left the position open going into the weekend, as it was trading in profits. By 23:10 Sunday, I received an alert from the app that the same position was opened again. Well, same position that I opened already on Friday, getting re-opened for the same amount on Sunday before midnight. Abnormal! About 6 hours later, I received alerts in the early hours of the morning on Monday, at 05:21, the account that had some USD1117 profits was trading in liquidation, and a simultaneous alert the US30 position has been closed for a final profit of USD2.79 at USD31,961.25. This happened while the US market was still closed, off-trading hours. The Market opens at 09:30 ET. I compared the closing data on other Financial platforms, CNBC, Delta and Wall Street Journal. The rates did not match on some platforms, while CNBC reported the Market was still closed at that hour. There just was no reason why the position would have closed at USD2.79 profits. What else would be the cause: Scam behaviours or trade manipulations. All trade records available. Beware. Even a Licensed Broker can be involved in Brokerage scams.