ThinkMarkets Fees, Spreads, and Commission. ThinkMarkets trading involves spreads from 0.0 pips and commission-free trading depending on the account traders select along with no minimum deposit fee required.
| 📒 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 fees and spreads review- 7 Key Point Overview
- ✅ThinkMarkets Fees and Spreads
- ✅ThinkMarkets Additional Trading Fees
- ✅ThinkMarkets Broker Fees
- ✅ThinkMarkets Pros and Cons
- ThinkMarkets at a glance
- Conclusion
- Frequently Asked Questions
ThinkMarkets Fees and Spreads
💳 ThinkMarkets’ spread list starts from 0.0 pips.
💳ThinkMarkets provides traders with various options pertaining to accounts. Traders can therefore overview the accounts and features with ease and decide which account would better suit their trading needs.
ThinkMarkets standard account fees and spreads
| 💰 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 / ZAR R0 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 fees and spreads
| 💰 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) fees and spreads
| ☪️ 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 fees and spreads
| 📉 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.
ThinkMarkets Additional Trading Fees
👉 Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed. Traders should always note that overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.
👉 ThinkMarkets’ swap rates are calculated every day at 4.59 NYT and MT4 Platform time. Trades that are opened before this time and held open past it, will be subjected to swap rates. Traders must note that swap rates are tripled on Wednesdays to account for weekends.
👉 ThinkMarkets offers Muslim traders the option of converting either of their trading accounts to that of an Islamic Account. Once their live trading account has been approved, traders can contact ThinkMarkets customer support to request a conversion.
ThinkMarkets Broker Fees
💳 ThinkMarkets does not charge either deposit fees or withdrawal fees regardless of the payment method that traders use. There is no indication of whether ThinkMarkets charges any other broker fees such as inactivity fees, account maintenance, and management, or others.
💳 Traders must ensure that they verify the possibility of additional fees not mentioned in this article.
💳 ThinkMarkets is not a spread betting broker, so spread betting fees will not apply.
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 Pros and Cons
| ✔️ Pros | ❌ Cons |
| Regulated and authorized by ASIC, FCA, FSCA, FSA, CySEC, JFSA | 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.
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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.
You can trade major, minor and exotic forex pairs with no minimum deposit requirement for a Standard account and just $500 for a ThinkZero account, which is equivalent to 8000 ZAR at the time of writing and up to 500:1 leverage.
Frequently Asked Questions
How many instruments can I trade with ThinkMarkets?
You can trade the following instruments:
- Forex
- Commodities
- Indices
- Shares
- ETFs
- Cryptocurrencies
- Precious Metals
- CFDs
- Futures
Which platforms are supported by ThinkMarkets?
- MetaTrader 4
- MetaTrader 5
- ThinkTrader
- ZuluTrade
Does ThinkMarkets offer leverage?
Yes. ThinkMarkets offers maximum leverage up to 1:500 although EU clients only have access to a maximum up to 1:30.
What spreads can I expect with ThinkMarkets?
See the spreads for ThinkMarkets Stand and ThinkZero Account here
Standard Account:
- Spreads start from 0.4 pips.
- Average FX spreads from 1.2 pips.
- Metals from 25 cents.
- Spreads from 0.4 pips on CFDs.
ThinkZero Account:
- Spreads start from 0.0 pips.
- Average FX spreads from 0.1 pips on forex.
- Metals from 8 cents.
- Spreads from 0.4 pips on CFDs.
Does ThinkMarkets charge commission?
Yes. Commissions are charged at $3.50 per side when using the ThinkZero Account.
Is ThinkMarkets regulated?
Yes. ThinkMarkets is regulated and authorized by ASIC, FCA, FSCA, FSA, CySEC, JFSA.
Is ThinkMarkets a recommended forex trading broker for experts and beginners?
Yes. ThinkMarkets caters to both beginners and experts.
What is the overall rating out of 10 for ThinkMarkets?
9/10.
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