Think Markets review, 2021 Update

Think Markets Guide – Read our In-Depth Think Markets Review

This Think Markets review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Think Markets review does not apply to US users.

This Think Markets review contains the most recent information about Think Markets.

If you're a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to select the right broker who will be clear with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan will create hefty returns. Think Markets is just one such platform which will take you along with your investment to great heights. It is crucial to know all about Think Markets until you trust them with your money.

Our full Think Markets Review covers all you will need to know about trading with Think Markets. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing goals.

There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your broker before you select them. It's a common misconception that all brokers are exactly the same, but that's not correct. Wrong judgment, initially, can set your investments in danger.

Think Markets is a broker which has forged its way successfully to the brokerage world. Within this review, we have attempted to collate a number of the vital aspects of Think Markets. This review can allow you to know whether Think Markets is a good fit for your own investments or not. We have tried to breakdown all the features and fees for your convenience.

Who are Think Markets?

Think Markets is a foreign exchange broker headquartered in Australia and provides a range of tools for trading. Since its establishment in 2010, Think Markets has emerged as a leading player in the industry of online broker. Think Markets has a highly aggressive and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.

Over the past 11 years, Think Markets has grown into one of the leading online brokers.

After establishing in 2010, their customer base has become as large as 10,000+ clients.

Think Markets is a favorite for many dealers.. Our Think Markets review found that they are an excellent choice for automated trading solutions. It is most appropriate for investors that are looking for a variety of assets. Social and automated trading options are the heart at Think Markets.

Technology plays a significant role in Think Markets. Think Markets offers trading on MT4, Mac, Web Trader, Tablet & Mobile apps. Think Markets is fair, transparent, and a well-regulated broker by the Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

If you feel that Think Markets is not right for you then at the bottom of this Think Markets review you wil find a lot of alternatives to Think Markets.

What you should know about trading with Think Markets

Think Markets is a lively platform that provides various methods of trading. These tools cover the financial markets considerably. The Majority of the broker platforms provide less approaches than Think Markets

If you would like to trade with Think Markets, you'll require a minimum deposit of $250. This deposit is mandatory if you want to start trading with Think Markets. This 2021 Think Markets review will guide you easily about trading with them.

Think Markets is as flexible as any other broker platform. Think Markets is excellent for traders who want a manageable range of cheap services. The platforms offered by Think Markets are third party, white-label offerings. All traders may select out of MT4, Mac, Web Trader, Tablet & Mobile apps.

Along with everything, Think Markets has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a trade must be kept open. The agents provide premium customer service which rewards clients with advantages.

Many unprofessional brokers try to pressurise consumers into bigger financing for superior services. Think Markets, on the other hand, is much more focused on trading volume. Dealers can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will become available.

Think Markets accounts are available around the world and provides outstanding service everywhere they have clients. There are some select few countries where Think Markets accounts are not available. Traders in the following countries cannot open or use a Think Markets account:

Is Think Markets Safe To Trade With?

Launched in 2006, Think Markets has been open for 11 years, they are headquarted in Australia.

Think Markets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC). These figures have rules that make sure that trading platforms have steps in place to maintain investor's assets procured. This usually means that Think Markets users don't need to worry about their money since it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information also.

You are able to make use of an option for 2 Factor Authentications (2FA) with Think Markets for increased security. An SMS with the verification code will be sent to a phone. You will be asked to input this code to log into your account.

Another concern with financial brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous to users on these platforms. However, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.

Pro's & Con's Of Trading With Think Markets

Every online trading platform will have some pros and cons Think Markets review would be complete without showing both sides. This Think Markets review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Think Markets Review - Compare Brokers Similar To Think Markets

Think Markets Review - Regulation And Licencing In More Detail

Think Markets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).

Think Markets, as a company, has a powerful set of rules for ensuring fair trading onto its platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.

Think Markets Review - Awards

At the time of writing this Think Markets review, they had not received any awards.

Think Markets Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on Think Markets is $250. This is a decent amount for those just beginning. It's possible to create more complex deposits as you go along. But, make certain you understand how to make the most of your cash before investing in larger sums.

Think Markets Review - Commission And Fees Explained

Think Markets is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.

But this doesn't necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly three different types of penalties for this purpose.

The first sort of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you're spending a spread, financing speed, or a commission. The sorts of trading fees and the rates differ from broker to broker.

Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are those that are charged when you maintain a leveraged position for more than daily.

Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your accounts. They're charged for operations like depositing money, not investing for lengthy periods, or withdrawals.

Generally, Think Markets doesn't charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, such as daily or weekly trading.

However, non-trading fees charged by Think Markets are comparatively higher. As a result, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.

This Think Markets review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against Think Markets

Think Markets Review - Withdrawal Fees Explained

Withdrawal of cash is possible at any time from the Think Markets account. You can draw sums up to the amount of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always need to have any cash on your account.

In addition, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, the withdrawn cash will be sent into the card. Think Markets will ask you to provide other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you're withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're choosing to draw in.

Think Markets Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind when open an account with Think Markets. An inactivity fee is an amount charged to registered traders who haven't engaged in buying or selling for some time. The period considered inactive is decided by the broker.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a traders account does not have a buying or selling trade, it is claimed by the broker as an inactivity charge. The traders have to pay this fee under conditions and terms they had consented while registering.

Think Markets doesn't charge inactivity fees so you are free to use your account as needed

Even if no fees have been implied by Think Markets, it's better for you to close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.

For additional trading platforms, the inactivity fee is contingent upon the type of account you've chosen. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.

Think Markets Review - Deposit Fees Explained

When you transfer money into your trading account by the bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of money for this operation.

Think Markets doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the Think Markets trading platform is simple. You just have to finish a single-user profile questionnaire to begin depositing money into your trading account. You will need to provide an identity proof and proof of residency to deposit large sums.

Think Markets Review - Compare Broker Deposit Methods

What Can You trade With Think Markets?

Note: Think Markets offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can differ depending on the country of residence of the client.

Think Markets has a wide variety of over 100 instruments available for you to trade with.

If trading forex pairs is of interest to you then Think Markets offer over 40 forex pairs.

Compare Think Markets, Degiro, HDFC Securities & Coinbase below.

Alternatives To Think Markets

If, after studying this Think Markets review, Think Markets doesn't quite fulfill your requirements check out these Think Markets alternatives.

Frequently Asked Questions about Think Markets