ThinkMarkets

ThinkMarkets was established in 2010 in Australia and operates under multiple licences with offices in Australia, Asia, Japan, Europe, the UK, the UAE, and South Africa.

They operate their own Home-Grown platform, ThinkTrader, alongside classic MT4/MT5 and TradingView integration.

The broker provides a wide product range and maintains a strong global presence, backed by a growing suite of innovative features.

ThinkMarkets has developed a commendable proprietary platform, ThinkTrader. We were impressed by how they have deviated from the traditional broker narrative and created a platform that is both visually appealing and highly functional. This is a refreshing change, as most brokers only offer MT4 and MT5.

There is more to like about ThinkMarkets. While they offer variable spreads and we must report the widest spreads, it was encouraging to see consistently low Bid-Ask spreads overall. For instance, being able to trade the Dow index at 1.50 is excellent and positions ThinkMarkets among the best and most cost-effective brokers globally.

They also offer dynamic leverage that adjusts based on asset class and trade size, giving traders more tailored exposure depending on the instruments they’re working with.

An exciting addition is their ThinkRewards programme, a loyalty scheme that rewards traders for all trades and sign-ups. The programme is integrated into the ThinkTrader platform and allows users to earn redeemable points across multiple tiers, from Classic to Diamond, which can be converted into cash or trading credit.

On the industry recognition front, ThinkMarkets is a Platinum Sponsor on TradingView and was awarded ‘Best Newcomer’ in 2024. With a high user rating of 4.7, it’s clear that the broker is gaining strong traction and trust among active traders.

ThinkMarkets operates with variable spreads. However, they appear to resist the temptation to widen spreads excessively and continue to offer very competitive rates. For example, while we recorded the DAX Bid-Ask spread at 1.1, most of the time you can actually trade DAX at 0.70, which is exceptional.

Their FX spreads are decent. They are not the best but are certainly better than many of the other brokers we have reviewed. Moreover, ThinkMarkets compensates for this with their exceptionally competitive stock indices pricing.

ThinkMarkets is one of those brokers that has been a pleasure to review. We discovered a great deal to like about both the company and its platform. ThinkMarkets ranks well on TraderGuide’s ranking list, and for good reason.

While TraderGuide focuses heavily on the cost of trade execution, ThinkMarkets performs exceptionally well on this metric. Beyond costs, the broker also conveys a strong sense of reliability and professionalism, leaving traders with the impression that they are in capable hands.

Overall, we believe ThinkMarkets is an excellent broker for trading FX and stock indices. They tick all the right boxes for us.