ThinkMarkets Review (2024) A Scam or Legit Forex Broker


In the ever-evolving world of forex trading, finding a reliable and trustworthy broker is crucial for both novice and experienced traders. ThinkMarkets has emerged as a prominent player in the forex market, but the question remains: is ThinkMarkets a scam or a legit forex broker? This comprehensive review delves into various aspects of ThinkMarkets, providing an in-depth analysis to help traders make an informed decision. We will explore the company's background, regulatory status, trading platforms, fees, and user feedback to determine whether ThinkMarkets is a suitable choice for forex trading.

Company Background

ThinkMarkets, founded in 2010, is a global forex and CFD broker headquartered in London, with additional offices in Melbourne and Johannesburg. Over the years, ThinkMarkets has gained a reputation for its innovative trading solutions and customer-centric approach. The company offers a wide range of financial instruments, including forex, commodities, indices, cryptocurrencies, and more.

Key Highlights

  • Established: 2010

  • Headquarters: London, UK

  • Regulatory Bodies: FCA (UK), ASIC (Australia), FSCA (South Africa)

  • Trading Platforms: MetaTrader 4, MetaTrader 5, ThinkTrader

Regulatory Status

Regulation is a critical factor when evaluating the legitimacy of a forex broker. ThinkMarkets is regulated by several top-tier financial authorities, ensuring a high level of security and transparency for its clients.

Regulatory Bodies

  1. Financial Conduct Authority (FCA): ThinkMarkets is authorized and regulated by the FCA in the UK, which is known for its stringent regulatory standards.

  2. Australian Securities and Investments Commission (ASIC): ASIC regulates ThinkMarkets in Australia, providing an additional layer of oversight.

  3. Financial Sector Conduct Authority (FSCA): In South Africa, ThinkMarkets is regulated by the FSCA.

Importance of Regulation

Being regulated by these reputable authorities means that ThinkMarkets must adhere to strict guidelines and standards, ensuring the safety of client funds and fair trading practices. This multi-regulatory oversight significantly reduces the risk of fraudulent activities and enhances the broker's credibility.

Trading Platforms and Tools

ThinkMarkets offers three main trading platforms, each catering to different trading needs and preferences: MetaTrader 4, MetaTrader 5, and ThinkTrader.

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms in the forex industry, known for its user-friendly interface and robust features. It offers advanced charting tools, automated trading capabilities, and a wide range of technical indicators.

MetaTrader 5 (MT5)

MT5 is an upgraded version of MT4, offering additional features such as more timeframes, advanced order types, and an integrated economic calendar. It is suitable for traders looking for a more sophisticated trading experience.


ThinkTrader is ThinkMarkets' proprietary trading platform, designed to provide a seamless trading experience across multiple devices. It boasts advanced charting tools, risk management features, and real-time market news, making it a comprehensive platform for both beginners and seasoned traders.

Fees and Commissions

Understanding the fee structure is essential for traders to assess the cost-effectiveness of a broker. ThinkMarkets offers competitive spreads and commissions, with no hidden fees.

Spread and Commission Structure

  • Forex Trading: ThinkMarkets provides tight spreads on major currency pairs, with spreads starting from as low as 0.0 pips on the ThinkZero account. Commissions on this account are also competitive, ensuring low trading costs.

  • CFD Trading: For CFD trading, ThinkMarkets offers low spreads and zero commissions, making it an attractive option for traders looking to diversify their portfolios.

Deposit and Withdrawal Fees

ThinkMarkets does not charge any fees for deposits or withdrawals, which is a significant advantage for traders who frequently move funds in and out of their trading accounts.

User Feedback and Case Studies

User feedback is a valuable source of information when evaluating a broker's performance. ThinkMarkets has received positive reviews from many traders, highlighting its reliability, customer service, and trading conditions.

Case Study: User Experience

A case study involving a seasoned forex trader revealed that ThinkMarkets' ThinkTrader platform provided an intuitive and efficient trading experience. The trader praised the platform's advanced charting tools and real-time market analysis, which significantly enhanced their trading performance.

Industry Trends and Data

According to a recent industry report, the global forex market is expected to grow at a CAGR of 7.5% from 2023 to 2028. ThinkMarkets, with its robust regulatory framework and innovative trading solutions, is well-positioned to capitalize on this growth. The broker's commitment to providing a secure and transparent trading environment has contributed to its increasing popularity among traders worldwide.


After a thorough analysis of ThinkMarkets, it is evident that the broker is a legitimate and reliable option for forex trading. With its multi-regulatory oversight, competitive fee structure, and advanced trading platforms, ThinkMarkets offers a secure and efficient trading environment for both novice and experienced traders. User feedback and industry trends further reinforce the broker's credibility and potential for future growth.

In conclusion, ThinkMarkets stands out as a reputable forex broker, providing traders with the tools and resources needed to succeed in the dynamic world of forex trading.