ThinkMarkets provide 2 different live trading account types a standard account and a Think Zero account. A demo account and Islamic / swap-free trading option are also available. ThinkMarkets offer accounts in USD, AUD, EUR, CHF, GBP, SGD, NZD, CAD, JPY, and ZAR.
| 📒 Accounts | 📒 Standard account | 📒 ThinkZero |
| 💰 Spreads on currency pairs | From 0.4 pips | 0.1 pips |
| 💳 Commission | none | $3.5 per side (100,000) |
| 💳 Minimum operating balance | $0/ No Minimum | $500/ R8 000 ZAR |
| 📌Open an account | 👉 Click Here | 👉 Click Here |
Min Deposit USD 0 Regulators FCA, FSCA, ASIC, CySEC, JFSA Trading Platform MT4, MT5, ThinkTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours Derivative products are leveraged products and can result in losses that exceed initial deposits.
ThinkMarkets account types review- 6 Key Point Overview
- ✅ThinkMarkets Overview
- ✅ThinkMarkets account types
- ✅ThinkMarkets account types Pros and Cons
- ThinkMarkets at a Glance
- Conclusion
- Frequently Asked Questions
👉 ThinkMarkets Account Types vary according to what traders require. ThinkMarkets offers competitive trading conditions and places a significant amount of emphasis on client security, providing traders with a safe, dynamic environment and trading experience.
👉 Choose your quick section of our ThinkMarkets Account Types below.
ThinkMarkets Overview
👉 Due to the risks involved with using high levels of leverage when trading, both the FCA and ASIC regulators have a maximum leverage level of 30:1 on major Forex pairs with accounts that are opened under the UK’s FCA regulation and Australia’s ASIC regulation.
👉 FSA Seychelles and FSCA regulation provide traders with a much higher leverage level of 500:1 on Forex instruments when the account is opened under their regulation.
👉 ThinkMarkets provides traders with the following maximum leverage, according to the financial instruments they provide:
| 📉 on Forex pairs | 500:1 |
| 📉 1 on most indices | 200:1 |
| 🌍 South Africa | 100:1 ZAR 40 |
| 🌍 Hong Kong | 50:1 HS50 |
| 🌍 China A50 | 50:1 |
| 🌍 US Dollar Index | 100:1 |
| 📊 Energy | US Crude oil and Brent Crude oil both have a max level of 200:1 Natural Gas has a max level of 25:1 |
| 📊 Metals | Maximum level of 400:1 High-Grade Copper is set at 200:1 |
| 📉 Cryptocurrencies | max level of 10:1 |
👉 Traders need to be aware that with higher levels of leverage comes a higher chance of gains, but in retrospect, it also means that there is a risk of greater losses that may exceed the trader’s initial deposit.
👉 The maximum leverage provided by ThinkMarkets depends on the regulatory jurisdiction under which your account was opened
ThinkMarkets account types
👉 ThinkMarkets offers traders a choice between two trading accounts, each featuring its own unique and dynamic trading conditions. An Islamic swap-free option and a demo account are also available.
ThinkMarkets standard account features
| 💰 No minimum deposit |
| 💰 Forex spreads from 0.4 pips, average forex spreads around 1.2 pips. Spreads on metals start from 25 cents and CFDs from 0.4 pips and CFDs from 0.4 points |
| 📊 Maximum leverage is 1:500, EU and UK residents are restricted to 1:30 |
| 💰 No commission charged |
| 💰 $0 / no minimum operating balance |
| 📉 Lot size of 1.0 or 100k |
| 📉 Access to maximum leverage of 1:500 depending on the jurisdiction |
| 📉 Maximum tradable size 50 lots |
| 📊 Use of ThinkTrader, MT4, and MT5 as the trading platform |
| 📍 Free VPS services |
| ☎ 24/7 live support |
ThinkMarkets ThinkZero account features
| 💰 The minimum operating balance is $500 / ZAR R8000 |
| 💰 Forex spreads from 0.0 pips, average forex spreads around 1.1 pips, 6 cents on metals, and from 0.9 pips on CFDs without commission charges |
| 📉 Maximum leverage of up to 1:500, EU and UK residents are restricted to 1:30 |
| 💰 Commissions of $3.50 / ZAR R56 are charged per side when trading |
| 📉 Maximum tradable size 100 lots, with XAU/USD and XAG/USD remaining on a maximum of 10 lots |
| 📉 No stop loss / take profit level |
| 📊 Server locations LD5 and HK4 |
| 📊 Trading platforms MT4 and MT5 |
| ☎ 24/7 live support |
| 📍 VPS access |
| 💻 Account manager |
ThinkMarkets Islamic account (Sharia-compliant) features
| ☪️ Muslim traders can trade online while still in compliance with Sharia law |
| ☪️ These accounts do not earn swap or interest on the products which are held in the account, but there is a weekly administrative fee that is charged on positions that are held for seven days or more |
| ☪️ Overnight positions do not have swap/rollover charges |
| ☪️ Spreads from 0 for FX and Gold in combination with ThinkZero accounts |
| ☪️ There are no hidden trading fees |
| ☪️ Access provided to a library that contains trading tools and guides |
👉Regarding any additional charges such as commissions and admin fees for clients wishing to sign up for this account type, please visit the ThinkMarkets page on Islamic accounts: https://www.thinkmarkets.com/ar/trading-platforms/accounts/islamic account/
ThinkMarkets demo account features
| 📉A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds. |
| 📊Traders who are evaluating and comparing brokers who would like to explore ThinkMarkets’ trading conditions in a risk-free environment |
| 📉 Traders who wish to test their trading strategies in a mimicked live trading environment without risking their capital. |
| 📲 Can be installed on Mac / Windows, Android, or iOS |
👉 Demo accounts for the MT4/MT5 will expire after 90 days of inactivity, so please make sure you use the platform periodically. Demo accounts on ThinkTrader currently do not expire but ThinkMarkets does reserve the right to close them.
Min Deposit USD 0 Regulators FCA, FSCA, ASIC, CySEC, JFSA Trading Platform MT4, MT5, ThinkTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours Derivative products are leveraged products and can result in losses that exceed initial deposits.
ThinkMarkets account types Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated and authorized by FSA Seychelles, ASIC in Australia, FCA in London and FSCA in South Africa | Commissions charged on the ThinkZero account |
| Tightest possible spreads | US, Russia, Canada clients NOT allowed |
| Makes provision for beginner traders | |
| PAMM and MAM accounts available | |
| ThinkMarkets offer both MT4 and MT5 platforms which are accessible via web browser | |
👉 Risk Warning: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary. It’s important for you to consider relevant legal documents before you decide whether or not to acquire any of our products.
ThinkMarkets at a Glance
| Broker's Name | ThinkMarkets |
| 🏛️Headquartered | Australia, UK, Bermuda, South Africa |
| 📅 Year Founded | 2010 |
| ⚖️ Regulating Authorities | ASIC, FCA, FSCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 500:1 although EU clients are restricted to 30:1 |
| 💰 Minimum Deposit | $0 |
| 💳 Deposit Options | Bank wire transfer, Credit card, Debit card, Neteller, Skrill, BitPay |
| 💳 Withdrawal Options | Bank wire transfer, Credit card, Debit card, Neteller, Skrill, BitPay |
| 💻 Platform Types | MetaTrader4, MetaTrader5, ThinkTrader, ZuluTrade |
| 📱 OS Compatibility | Web browsers, Windows, MacOS, Linux, Android, iPhone, tablets, iPads |
| 📈 Tradable assets offered | Forex, Share CFDs, CFDs, Indices, Precious metals, Commodities, Cryptocurrencies |
| 👨💼 Languages supported on Website | English, German, Spanish, Italian, Indonesian, Malaysian, Polish, Greek, Vietnamese, Czech, Arabic, Thai, Portuguese, Traditional Chinese, and more |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/7 |
| 📍 Open an Account | 👉 Click Here 👈 |
71.89% of retail investors lose money when trading CFDs with this provider
Min Deposit USD 0 Regulators FCA, FSCA, ASIC, CySEC, JFSA Trading Platform MT4, MT5, ThinkTrader Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours Derivative products are leveraged products and can result in losses that exceed initial deposits.
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Conclusion
ThinkMarkets has a superior and vast offering in comparison to its peers. This includes not only technology but reliability, expert customer service, and fair pricing.
The layout is user-friendly and even beginner traders will not get lost in finding their way around the website and accessing educational tools to start trading.
Frequently Asked Questions
Can traders from South Africa open a ThinkMarkets trading account?
Yes, South African traders can open a live trading account with this broker.
What are the base currencies for ThinkMarkets accounts?
Base currencies incl: USD, AUD, EUR, CHF, GBP, SGD, NZD, CAD, JPY and ZAR
Is ThinkMarkets a recommended forex trading broker for experts and beginners?
Yes. ThinkMarkets caters to both beginners and experts.
Does ThinkMarkets offer a demo account?
Yes, a demo account is among the account types offered by ThinkMarkets
Does ThinkMarkets offer the option of an Islamic Account?
Yes. ThinkMarkets offers Muslim traders the option of converting their live trading account into that of an Islamic Account.
Which live trading accounts does ThinkMarkets offer?
ThinkMarkets offers the following trading accounts:
- Standard Account
- ThinkZero Account
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