For Standard account, the fees are built into spreads, but the broker also charges a commission for trades on other account types with none or tight spreads. ThinkMarkets’ fees on trades depend on the account type. We recommend you open an account with the UK or the Australian entity if their services are available in your jurisdiction. The FCA also offers a compensation scheme of £85,000 to protect clients’ funds.įor our tests, we opened an MT5 Standard account with TF Global Markets (Aust) Limited, which is regulated by the Australian Securities and Investments Commission (ASIC) in Australia. The broker is regulated by two of the most reputed financial markets regulator, the UK’s FCA and Australia’s ASIC.
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ThinkMarkets FSA License Page Is ThinkMarkets Safe? Seychelles Financial Services Authority (FSA) TF Global Markets (South Africa) (Pty) Ltdįinancial Sector Conduct Authority (FSCA)
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The full list of ThinkMarkets’ licenses is below: L egal entityĪustralian Securities and Investments Commission (ASIC) Australia’s ASIC and the UK’s FCA are deemed as two reputed global financial market regulators. The broker is licensed in Australia, the United Kingdom, South Africa, and Seychelles. ThinkMarkets holds 4 regulatory licenses. Some of the highlights of ThinkMarkets are: 🗺️ Authorised & Regulated inįorex, Indices, Stocks, Commodities, Cryptocurrencies ThinkMarkets’ offerings include trading services with forex, indices, commodities, cryptocurrencies, and shares CFDs.
The broker is regulated in multiple jurisdictions, including Australia, the United Kingdom, South Africa, and Seychelles, and has operations globally. It was founded in 2010 and was previously known as ThinkForex. ThinkMarkets is an Australia-based forex and CFD ( contract for difference) broker. We also reached out to customer support to solve the issues we faced.įinally, we withdrew our funds to see if there are any issues with the withdrawal process. We traded the popular instrument in each market to get the real spreads and placed a total of 15 trades. For this ThinkMarkets review, we have opened a standard account with the broker and deposited over €5,000.
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