BrokerAudit may receive compensation from partners featured on this page. This does not influence our ratings. See our methodology.
ThinkMarkets Review 2026
ThinkMarkets offers competitive spreads and a polished proprietary ThinkTrader platform with strong mobile capabilities.
Score Breakdown
Pros & Cons
Pros
- Award-winning ThinkTrader mobile app
- Competitive raw spreads from 0.0 pips
- No minimum deposit on Standard account
- FCA, ASIC, and CySEC regulated
- Free VPS for qualifying traders
- Copy trading via ThinkCopy
Cons
- $30 inactivity fee after 6 months
- Limited forex pairs (46)
- No cTrader or TradingView
- Smaller brand recognition than major competitors
Account Types
| Account | Min. Deposit | Spread Type | Spread From | Commission | Max Leverage |
|---|---|---|---|---|---|
| Standard | $0 | variable | 0.40 pips | None | 1:500 |
| ThinkZero | $500 | raw | 0.00 pips | $7.00/lot | 1:500 |
Regulatory Licenses
| Regulator | Country | Tier | License | Entity |
|---|---|---|---|---|
| FCA | United Kingdom | Tier 1 | 629628 | TF Global Markets (UK) Limited |
| ASIC | Australia | Tier 1 | 424700 | TF Global Markets (Aust) Pty Ltd |
| CySEC | Cyprus | Tier 2 | 215/13 | TF Global Markets (Europe) Ltd |
| FSCA | South Africa | Tier 2 | 49835 | TF Global Markets (South Africa) (Pty) Ltd |
| DFSA | UAE (DIFC) | Tier 2 | F004205 | TF Global Markets (DIFC) Ltd |
| FSA (Seychelles) | Seychelles | Tier 3 | SD060 | TF Global Markets Int Limited |
Platform & Features
Full Review
ThinkMarkets scores 78.7 out of 100, positioning itself as a solid mid-tier choice with competitive spreads and a polished proprietary mobile app. Based in Melbourne with FCA, ASIC, and CySEC regulation, ThinkMarkets has been growing steadily since 2010. Its ThinkTrader platform won multiple awards for mobile trading. The main drawbacks are a $30 inactivity fee after 6 months and a limited forex pair selection (46, the smallest in our review).
Overall Score: 78.7 / 100
Affiliate disclosure: We may earn a commission if you open an account through links on this page. This doesn't affect our scores. How we rate brokers.
ThinkMarkets at a Glance
| Detail | Value |
|---|---|
| Founded | 2010 |
| Headquarters | Melbourne, Australia |
| Top Regulators | FCA, ASIC, CySEC |
| Min. Deposit | $0 (Standard), $500 (ThinkZero) |
| EUR/USD Avg. Spread | 0.40 pips (Standard) |
| Commission (ThinkZero) | $7 per lot round-turn |
| Max Leverage (Retail) | 1:30 (EU/UK/AU), 1:500 (offshore) |
| Platforms | ThinkTrader, MT4, MT5 |
| Instruments | 1,600+ |
| Inactivity Fee | $30 after 6 months |
Score Breakdown
| Category | Score | Weight |
|---|---|---|
| Regulation & Trust | 82 / 100 | 25% |
| Trading Costs | 80 / 100 | 20% |
| Platforms & Tools | 78 / 100 | 15% |
| Account Conditions | 80 / 100 | 10% |
| Deposit & Withdrawal | 82 / 100 | 10% |
| Customer Support | 75 / 100 | 10% |
| Education & Research | 68 / 100 | 10% |
| Overall | 78.7 / 100 |
Scores are consistent across most categories. Trading Costs at 80 reflects competitive standard spreads (0.40 pips EUR/USD is better than many competitors' spread-only accounts). The Standard account's 0.40 pip average with no commission gives a lower all-in cost than some brokers' raw spread accounts when you include their commissions.
Regulation & Safety
| Regulator | Tier | License | Entity |
|---|---|---|---|
| FCA (UK) | Tier 1 | 629628 | TF Global Markets (UK) Limited |
| ASIC (Australia) | Tier 1 | 424700 | TF Global Markets (Aust) Pty Ltd |
| CySEC (Cyprus) | Tier 2 | 215/13 | TF Global Markets (Europe) Ltd |
| FSCA (South Africa) | Tier 2 | 49835 | TF Global Markets (South Africa) (Pty) Ltd |
| DFSA (Dubai) | Tier 2 | F004205 | TF Global Markets (DIFC) Ltd |
| FSA Seychelles | Tier 3 | SD060 | TF Global Markets Int Limited |
Two Tier 1 licenses (FCA, ASIC) supported by three Tier 2 regulators. Good regulatory breadth. The Seychelles entity serves international clients. Negative balance protection, segregated funds, and investor compensation (up to EUR 20,000 for CySEC clients, GBP 85,000 for FCA clients) are provided.
Trading Costs
Spreads
| Pair | Standard Avg. | ThinkZero Avg. |
|---|---|---|
| EUR/USD | 0.40 pips | 0.00 pips + $7/lot |
| GBP/USD | 0.80 pips | 0.20 pips + $7/lot |
| USD/JPY | 0.60 pips | 0.10 pips + $7/lot |
The Standard account at 0.40 pips EUR/USD with no commission is notably tight for a spread-only account. For comparison, Pepperstone's Standard is 1.00 pips, IC Markets' Standard is 0.80 pips, and XTB is 0.92 pips. ThinkMarkets' Standard account may actually be cheaper than some competitors' raw spread accounts when you factor in commissions.
Other Fees
- Inactivity fee: $30 after 6 months
- Deposit fees: Free
- Withdrawal fees: Free
The $30 inactivity fee after 6 months is harsh. It's the second-highest dollar amount in our review (behind AvaTrade's $50/$100 structure) and triggers relatively quickly.
Trading Platforms & Tools
ThinkTrader is the proprietary platform and the main selling point. The mobile app has won multiple awards and is considered one of the best mobile trading experiences available. Features include 80+ indicators, drawing tools, trading signals, and a clean interface optimised for touch.
MT4 and MT5 are available for desktop and mobile.
No cTrader. No TradingView. API trading is available. VPS hosting for qualifying traders.
ThinkCopy is the built-in copy trading feature, allowing you to follow other traders' strategies.
Final Verdict
ThinkMarkets is an underrated broker with genuinely competitive Standard account spreads. The 0.40 pip EUR/USD average with no commission is better value than many raw spread accounts when you include their commissions. The ThinkTrader mobile app is excellent for traders who do most of their trading on a phone.
The inactivity fee and limited forex pairs are the main concerns. 46 forex pairs is significantly fewer than competitors (IC Markets has 61, Exness has 96, CMC Markets has 330+). And the $30/month inactivity charge will punish anyone who steps away from trading.
ThinkMarkets ranks in our scalping and low spread category lists. For APAC-based traders in particular, it's worth a closer look.
Compare ThinkMarkets with other brokers
Ready to trade with ThinkMarkets?
Open an account in minutes
Affiliate link. BrokerAudit may receive compensation.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026
Frequently Asked Questions
Is ThinkMarkets safe and regulated?▼
What are ThinkMarkets's spreads on EUR/USD?▼
What is the minimum deposit for ThinkMarkets?▼
Does ThinkMarkets support MT4/MT5?▼
Categories Featuring ThinkMarkets
Compare ThinkMarkets
Compare ThinkMarkets with Other Brokers
FOREX.com
FOREX.com is a top-tier US-regulated broker backed by NASDAQ-listed StoneX Group, offering excellent research tools and a strong proprietary platform.
Eightcap
Eightcap stands out for native TradingView integration and 120+ crypto CFDs with triple Tier 1 regulation (ASIC, FCA, CySEC).
OANDA
OANDA is a trusted name with 28+ years of history and strong US regulation, ideal for traders who prioritize regulatory safety and flexible trade sizing.