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ThinkMarkets Fees and Spreads

ThinkMarkets Fees and Spreads

 

ThinkMarkets Fees, Spreads, and Commission. ThinkMarkets fees and spreads vary depending on account type. Spreads vary from 0.0 pips to 0.4 pips. Commission-free trading on certain accounts is also available, with a minimum deposit starting from $0.

 

ThinkMarkets at a glance

Broker’s nameThinkMarkets
🏛️HeadquartersAustralia, UK
📅Year founded2010
⚖️Regulating authoritiesASIC, FCA, FSCA, FSA, CySEC, JFSA
🗺️Countries not accepted for tradeUS, Russia, Canada
💰Minimum deposit$0
🛍️Tradable assets offeredForex
Commodities
Indices
Shares & ETFs
Cryptocurrencies
Precious metals
CFDs
Futures
📊 Trading accounts availableDemo, Standard, Think Zero
📒Demo accountYes
☪️Islamic account (swap-free)Yes
🔣 Maximum leverage1:500
➕Deposit optionsOZOW
Bankwire / EFT
Credit / Debit cards
Skrill
➖Withdrawal optionsOZOW
Bankwire / EFT
Credit / Debit cards
Skrill
📊Platform(s) providedMT4, MT5, ThinkTrader
📶OS compatibilityPC, Mac, Android, and IOS devices
💬Languages supported on the websiteEnglish as well as multiple other languages
💬Customer support languagesEnglish as well as multiple other languages
⏲️Customer service hours24/7

 

ThinkMarkets offer traders a selection of account options to ensure trading opportunities for all traders are available.

 

Overall Rating

4.8/5

Rated #62 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, FCA, FSCA, FSA-Seychelles, CySEC, JFSA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

46 FX Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

71.89% of retail investors lose money when trading CFDs with this provider

 

ThinkMarkets fees and spreads review- 7 Key Point Overview

  1. ✔️ThinkMarkets at a glance

 

ThinkMarkets review updated

 

ThinkMarkets fees and spreads

 

ThinkMarkets trading fees are according to the type of account that the trader chooses and the options along with the spread list, leverage, minimum deposit required, and commissions are as follows:

 

ThinkMarkets Standard account fees and spreads

 

  • No minimum deposit
  • Commissions are not charged when executing trades
  • Spreads start from 0.4 pips when trading Forex with average Forex spreads around 1.2 pips. Spreads on metals start from $0.25 cents and CFDs from 0.9 pips
  • The minimum operating balance is $0
  • The lot size is 1.0 0r 100k
  • The maximum leverage that traders can qualify for on this account is up to 1:500. EU and UK residents are restricted to 1:30.
  • The maximum tradeable lot size is 50 lots.
  • There is no minimum stop loss / take profit levels on this account type
  • The server locations are LD5 and HK4 when trading on this account
  • The platforms that traders have access to include MT4, MT5, and ThinkTrader
  • Traders have access to 24/7 Live Support along with having access to free VPS service.

 

ThinkMarkets ThinkZero account fees and spreads

 

  • The minimum operating balance is $500
  • 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 $3.5 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

 

Islamic account (Sharia-compliant) fees and spreads

 

 

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, and
  • 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

 

Overall Rating

4.8/5

Rated #62 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, FCA, FSCA, FSA-Seychelles, CySEC, JFSA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

46 FX Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

The minimum deposit that ThinkMarkets requires to open an account is $0.

 

Other 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 offers the option of an Islamic account to traders who are of the Muslim faith and who operate under Sharia Law.

ThinkMarkets does not offer traders spread betting and therefore spread betting fees do not apply to this broker.

 

Overall Rating

4.8/5

Rated #62 of 
Recommended FX Brokers

💰Minimum Deposit

USD 0

🌐 Regulators

ASIC, FCA, FSCA, FSA-Seychelles, CySEC, JFSA 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

46 FX Pairs

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Derivative products are leveraged products and can result in losses that exceed initial deposits.

 

Broker Fees

 

ThinkMarkets does not charge either deposit fees or withdrawal fees regardless of the payment option the trader chooses to use.

There is no indication of whether ThinkMarkets waives any additional broker fees such as inactivity fees or fees about account maintenance and management. Traders will have to verify any additional fees with ThinkMarkets before opening an account.

 

ThinkMarkets fees and spreads Pros and Cons

✔️ Pros❌ Cons
Tight and competitive spreadsNone noted
Fixed commissions on trades
Low commissions when compared to other brokers

 

You might also like: ThinkMarkets Minimum Deposit

You might also like: ThinkMarkets Demo Account

You might also like: ThinkMarkets Sign up Bonus

You might also like: ThinkMarkets Account types

You might also like: ThinkMarkets Islamic Account

 

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?

ThinkMarkets provides the following popular trading platforms:

  • MetaTrader 4
  • Metatrader 5
  • ThinkTrader

 

Does ThinkMarkets offer leverage?

Yes. Traders have access to leverage up to 1:500.

 

What spreads can I expect with ThinkMarkets?

Spreads from as little as 0.0 pips.

 

Does ThinkMarkets charge commission?

Yes, commissions are charged at US Dollar 3.5 per side when using the ThinkZero Account. No commissions are charged on the standard account.

 

Is ThinkMarkets regulated?

Yes, ThinkMarkets is regulated by ASIC, FCA, FSCA, CySEC, JFSA and FSA

 

Is ThinkMarkets a recommended forex trading broker for experts and beginners?

Yes, ThinkMarkets is suitable for both beginner and expert traders.

 

What is the overall rating out of 10 for ThinkMarkets?

9/10

 

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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