ThinkMarkets Review

3.243 • 181 REVIEWS
Updated: Aug 6, 2023

ThinkMarkets is a forex broker offering MT4, MT5, and ThinkTrader currency trading platforms., offers over 40 currency pairs, cryptocurrencies, gold, silver, shares, indices, commodities, and CFDs for your personal investment and trading options.

Please read ThinkMarkets reviews below and share your live trading experience.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $1
Established: 2010
Address: Hana, 70 St Mary Axe, London, EC3A 8BE, United Kingdom
Contact:, +44 203 514 2374, +61 39 093 3400, +39 023 057 9033, +34 911829975
Regional offices:
Regulators: ASIC #424700, CySEC #215/13, FSA #0250, FSA-S #SD060, FSCA #49835, FCA #629628
Prohibited countries:
Trading platforms: MT4, MT5, ThinkTrader
Web Trading: βœ… Yes
Mobile Trading: βœ… Yes

Trading Instruments

Currencies: (45+)
Cryptocurrencies: (20+) Bitcoin, Ethereum
CFD: (3500+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: βœ… Yes
Scalping: βœ… Yes

Managed Accounts & Social Trading

MAM: βœ… Yes
PAMM: βœ… Yes
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, BPAY, Neteller, PayPal, Skrill
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, BPAY, Neteller, PayPal, Skrill
* Please check broker website for more information
3.243 • 181 REVIEWS

Recent User Reviews of ThinkMarkets

Huckelhoven, Germany,
Mar 29, 2023,
Registered user

Pure manipulation

Service use: Live Length of use: over 1 Year
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 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 i ll update once i ll withdraw some profit ..
1 trader has found this review helpful
Reply by ThinkMarkets Support submitted May 28, 2023:
Hi Lovybandesha

Thank you for bringing this to our attention, can you please share the information with our Support Team -

Kind regards
The ThinkMarkets Team
Johannesburg, South Africa,
Nov 1, 2022,
Registered user

Think Markets took my Eur 11000

Service use: Live Length of use: 0-3 Months
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 .
Reply by ThinkMarkets Support submitted May 28, 2023:
Hi Cazyy

ThinkMarkets follows strict AML, KYC and Compliance guidelines. This matter has been finalized by the ThinkMarkets Compliance department, however if you have any follow up questions do not hesitate to contact the Support Team - .

Kind regards,
The ThinkMarkets Team

BAUCHI, Nigeria,
Sep 13, 2022,
Registered user

He scam me

Service use: Live Length of use: 0-3 Months
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
Reply by ThinkMarkets Support submitted May 28, 2023:
Hi Abusultanjby

We can see our team has contacted you about your question regarding a debit. If you have any further questions do not hesitate to contact our Support Team - .

Kind regards
The ThinkMarkets Team
Dubai, United Arab Emirates,
Sep 10, 2022,
Registered user

They will fleece you with arbitrary fees.

Service use: Live Length of use: over 1 Year
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.
1 trader has found this review helpful
Reply by ThinkMarkets Support submitted May 28, 2023:

Please note that as per the ThinkMarkets Terms and conditions, ThinkMarkets has the ability to charge in certain circumstances a fee for deposits and/or withdrawals.

The ThinkMarkets Compliance team has responded to you, however if you have any further questions please feel free to contact our Support Team -

Kind regards
The ThinkMarkets Team
Johannesburg, South Africa,
May 16, 2022,
Registered user

Scam/Bizarre experience

Service use: Other Length of use: over 1 Year
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.
1 trader has found this review helpful
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Frequently Asked Questions

Is ThinkMarkets a good broker?

Unbiased traders reviews on ForexPeaceArmy is the best way to answer if ThinkMarkets is a good broker.

Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.

Additionally, we'd recommend to check recent Think Markets community discussions:

Is ThinkMarkets legit and regulated?

ThinkMarkets Group is regulated in four countries.
  • TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA), FRN 629628.
  • TF Global Markets (Aust) Limited is regulated by Australian Securities and Investments Commission (ASIC) under Australian Financial Services Licence 424700.
  • TF Global Markets (South Africa) Pty Ltd is authorised by Financial Services Provider (FSP No 49835).
  • TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority of Seychelles under license SD060.
  • TF Global Markets (Europe) Ltd is regulated by Cyprus under CySEC license 215/13.
  • TF Global Markets Japan Co. is regulated in Japan under JFSA license number 0250.

What does ThinkMarkets trade?

ThinkMarkets offers a number of assets to be traded with.
  • Forex currency pairs
  • Shares CFDs
  • Precious Metals
  • Commodities
  • Cryptos
  • Indices

What is the maximum leverage for ThinkMarkets?

ThinkMarkets offers a maximum leverage of 500:1 for both Standard Account and ThinkZero.

What is the minimum deposit to open an account with ThinkMarkets?

ThinkMarkets offers 2 types of account: Standard Account and ThinkZero. The minimum deposit varies depending on the type.
  • Standard Account: minimum deposit is $0
  • ThinkZero: minimum deposit is $500