Regulated

Score

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/10

ThinkMarkets

United Kingdom

|

5-10 years

Digital Currency License|

Investment Advisory License|

Common Financial Service License|

Suspicious Overrun|

High potential risk|

Offshore Regulated

https://www.thinkmarkets.com/en/

Website

Rating Index
Influence

Influence

A

Influence Index NO.1

India 4.21

Better than 99.87% exchange(s)

Biz Area

Search Statistics

Advertising

Social Media Index

The WikiBit Score of this exchange is lowered because of too many unresolved complaints!
Influence
A

Licenses

CYSEC

CYSECRegulated

Investment Advisory License

FCA

FCARegulated

Investment Advisory License

CIMA

CIMAOver-Operation

Digital Currency License

DFSA

DFSAOver-Operation

Common Financial Service License

ASIC

ASICOver-Operation

Common Financial Service License

FSA

FSAOver-Operation

Common Financial Service License

FSC

FSCOver-Operation

Common Financial Service License

FSA

FSAOver-Operation

Common Financial Service License

FSCA

FSCAOver-Operation

Common Financial Service License

Exchange Info

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Company Name
ThinkMarkets
Phone of the company
+44 203 514 2374
+61 3 9093 3400
Customer Service Email Address
support@thinkmarkets.com

WikiBit Risk Alerts

12
Previous Detection 2024-11-07

The number of this Exchange's nagitive field survey reviews has reached 1, please be aware of the risk and the potential scam!

Common Financial Service License goes beyond their business with the United Arab Emirates DFSA license (License No.: F004173), please be aware of the risk!

Common Financial Service License goes beyond their business with the Australia ASIC license (License No.: 424700), please be aware of the risk!

Website

Genealogy

Social Media

Trade Type

Keywords

Time Machine

White Paper

Related Software

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New Arrival

Vol Stat

Influence

Yesterday Vol

7 Days

No data

User Reviews

More

28 ratings

Participate in evaluation
Ahmed 6139
Stay Way From Thinkmarket Today I am coming to explain my unsatisfactory experience with ThinkMarket for more than eight months to solve the problem, but they rejected all requests. contacted my account manager more than once without a solution, & more than 50 emails were sent. I also contacted custmer support My problem at this time was that there was an update in their application thinktrader and all clients knew about this, so I entered trades and after opening trades, it refused to close until the account Margan and i have I have proof of this If you are afraid for your money, stay away from ThinkMarket
2024-07-26 19:32
10
Ahmed 6139
I Lost Trust in ThinkMarkets & ThinkTrader APP I contacted with them a long time ago, and more than ten by email was sent. My account manager was contacted, and the problem was explained with documents, and they do not want to solve the problem. Frankly, I am very dissatisfied with the respect and solution of the problem. There is difficulty in resolving the problem through them. I lost more than $1,450 because the application refused to close deals. Frankly, the worst company in dealing with customers I Travled outside the country but I did not forget my problem حسبي الله ونعم الوكيل فيهم
2024-05-04 00:10
3
Ahmed 6139
I have money in my account and appeared massage no money!!!!! also when I try close the trades didn’t close so I lost arround 1450 dollars
2024-04-23 05:02
8
Ahmed 6139
very bad company wants lose customers money also there different between equity & balance in APP customer support very bad I contacted with them a lot but they didn’t solve the problem I lost arround 1450
2024-04-23 04:59
3
Yasir
Transactions with 智汇 are not satisfactory! The transaction fees are really high and the price volatility is annoying. Honestly, this makes me dizzy!
2023-11-26 19:03
8
WINZ FX
The mobile app is a game-changer! I can manage my portfolio on the go, and the interface is just as intuitive as the desktop version.
2023-12-23 01:17
4
FX1885672280
智汇 is okayish mate! Security's top-notch, but customer support? Well, could do way better, honestly.
2024-02-13 16:54
3
FX1553447885
智汇's innovative approach is impressive but boy can it shock you with uneasy price volatility. Liquidity isn't shabby either. Decent UI!
2024-01-30 02:56
2
Chiamaka
The incorporation of a social trading feature adds a collaborative aspect to the platform. Learning from other traders' strategies is a valuable part of my journey.
2023-12-27 03:51
3
hugo2455
The incorporation of a social trading feature adds a collaborative aspect to the platform. Learning from other traders' strategies is a valuable part of my journey.
2023-12-24 20:40
3
Bros APE
The exchange's commitment to regular security audits and *********** testing demonstrates a proactive approach to safeguarding user funds. It's a solid foundation of trust.
2023-12-24 10:46
9
cyntia2416
As someone with trading experience, the exchange's commitment to low fees is a major draw. It allows me to maximize my returns without unnecessary overheads.
2023-12-24 09:18
7
betty328
The exchange feels like a second home for my crypto assets. Regular updates, a responsive team, and a secure environment – what more could a trader ask for?
2023-12-23 23:26
9
Bros APE
What sets this exchange apart is its lightning-fast transaction speed. No more waiting around for your trades to go through – it's almost instantaneous!
2023-12-23 22:19
6
Bros APE
As an experienced trader, the platform's commitment to real-time updates on system status is appreciated. It ensures I'm well-informed about any maintenance or downtime.
2023-12-22 04:39
7
EFE
The diverse range of trading competitions adds an exciting edge to the platform. It's a fun way to test strategies and compete with fellow traders.
2023-12-22 03:55
1
snazii
ThinkMarkets provides access to a range of financial instruments, allowing users to trade forex currency pairs, commodities like gold and oil, indices from global markets, and cryptocurrencies.
2023-11-28 03:23
7
seun6716
The exchange's commitment to user experience is apparent in its responsive and user-friendly design. It's a platform that values simplicity without compromising functionality.
2023-12-26 07:47
4
betty3812
For those diving into the crypto world, these exchanges offer a treasure trove of educational resources. It's like a crypto library at your fingertips. Learning and earning – the perfect combo!
2023-12-24 21:34
7
paulson
The trading charts are comprehensive and easy to read. As a technical trader, having robust charting tools is a must, and this exchange delivers.
2023-12-23 23:16
6

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AspectInformation
Company NameThinkMarkets
Registered Country/AreaUnited Kingdom
Founded Year2010
Regulatory AuthorityASIC (Exceeded), FCA (Regulated)
Cryptocurrencies Offered/AvailableBitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH), Dash (DASH), Monero (XMR), etc.
Maximum Leverage1:400
Trading PlatformsMetaTrader 4 (MT4), MetaTrader 5 (MT5), Trade Interceptor, ThinkTrader (mobile)
Deposit & WithdrawalBank Wire Transfer, Credit Card, Skrill, Neteller, UnionPay, BitPay
Educational ResourcesTutorials, webinars, trading guides
Customer Support24/5 live chat, phone, email

Overview of ThinkMarkets

ThinkMarkets is a virtual currency exchange platform that was founded in 2010. The company is registered in the United Kingdom. It is regulated by the Australia Securities and Investments Commission (ASIC) and Financial Conduct Authority (FCA).ThinkMarkets offers a range of cryptocurrencies including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, and Monero.

The maximum leverage provided by ThinkMarkets is 1:400. Traders can access the platform through various trading platforms including MetaTrader 4 (MT4), MetaTrader 5 (MT5), Trade Interceptor, and ThinkTrader (mobile). The platform supports multiple deposit and withdrawal options such as bank wire transfer, credit card, Skrill, Neteller, UnionPay, and BitPay.

ThinkMarkets also provides educational resources for traders, including tutorials, webinars, and trading guides. They offer customer support through 24/5 live chat, phone, and email channels.

In terms of development history, ThinkMarkets has been active in the virtual currency exchange industry since its establishment in 2010. It has expanded its presence to multiple countries and obtained regulatory licenses from reputable authorities. The platform is designed to cater to the needs of traders seeking to trade virtual currencies with a variety of trading instruments and tools. With its user-friendly trading platforms and extensive cryptocurrency offerings, ThinkMarkets aims to provide a reliable and accessible virtual currency exchange experience to its users.

Overview of ThinkMarkets

Pros and Cons

ProsCons
Offers a wide range of cryptocurrenciesRegulated by different authorities in different countries
Provides high leverage optionsLimited extent and quality of educational resources
Supports multiple trading platforms

Pros:

1. ThinkMarkets offers a wide range of cryptocurrencies for trading, including popular options like Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, and Monero. This allows traders to diversify their portfolios and take advantage of opportunities in different virtual currency markets.

2. The platform provides a maximum leverage of 1:400, which can potentially amplify profits for traders. This high leverage allows traders to control larger positions with a smaller amount of capital, giving them the opportunity to make larger gains in their trades.

3. ThinkMarkets supports multiple trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), Trade Interceptor, and ThinkTrader (mobile). This flexibility allows traders to access the platform through their preferred interface, whether they prefer desktop trading or mobile trading on the go.

Cons:

1. One limitation of ThinkMarkets is that it is regulated by different authorities, such as the Australia Securities and Investments Commission (ASIC) and Financial Conduct Authority (FCA). This can lead to varying levels of regulatory oversight and may result in different levels of investor protection depending on the country of registration.

2. While ThinkMarkets provides educational resources such as tutorials, webinars, and trading guides, the extent and quality of these resources are not be as comprehensive as some other platforms. Traders who heavily rely on educational materials may find the offerings on ThinkMarkets to be relatively limited.

Regulatory Authority

ThinkMarkets operates under the regulation of two reputable regulatory agencies. In the United Kingdom, the company is regulated by the Financial Conduct Authority (FCA) with a Regulation Number of 629628. The FCA has granted ThinkMarkets the status of being regulated, and the company holds an Investment Advisory License under the name TF Global Markets (UK) Limited.

Regulatory Authority

ThinkMarkets is also regulated by the Australia Securities & Investment Commission (ASIC) with a Regulation Number of 424700. The company holds a Common Financial Service License under the name TF GLOBAL MARKETS (AUST) LIMITED. However, it should be noted that its current status is“exceeded”.

Regulatory Authority

These regulatory agencies provide oversight and enforce regulations to ensure the fair and transparent operation of ThinkMarkets as a virtual currency exchange. Through their regulatory efforts, they aim to protect the interests of traders and maintain the integrity of the financial markets.

Security

ThinkMarkets is a multi-regulated broker, ensuring a secure trading environment for its clients . The broker maintains segregated client funds in top-tier banks and employs the latest encryption technology to protect personal data and transactions . Additionally, ThinkMarkets offers two-factor authentication and one-time password verification for account security, along with educational resources to promote responsible trading and risk awareness . It is important for users to remain vigilant against potential fraud by enabling two-factor authentication, regularly updating passwords, and not sharing login credentials .

Cryptocurrencies Available

ThinkMarkets offers a range of cryptocurrencies for trading. Some of the cryptocurrencies available include Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Dash, and Monero. These cryptocurrencies are popular and widely traded in the virtual currency market.

The prices of cryptocurrencies can be highly volatile and can fluctuate significantly on exchanges. The value of cryptocurrencies is influenced by various factors such as market demand, investor sentiment, regulatory developments, and technological advancements. Traders should be aware of these price fluctuations and carefully consider their investment decisions.

In addition to cryptocurrencies, ThinkMarkets also provides trading options for other financial instruments such as forex, indices, commodities, and shares. This allows traders to diversify their portfolios and take advantage of different market opportunities. The platform offers a variety of trading tools and features to assist traders in analyzing the markets and executing their trades.

How to Open an Account?

The registration process for ThinkMarkets is straightforward and can be completed in six simple steps.

1. Start by clicking on the “Sign Up” or “Register” button on the ThinkMarkets website.

2. Fill in your personal details such as your name, email address, and phone number.

3. Choose a secure password for your account and select your preferred base currency.

4. Verify your email address by clicking on the link sent to your inbox.

5. Provide additional information such as your date of birth, residential address, and employment details.

6. Finally, review and accept the terms and conditions, and click on the “Register” or “Submit” button to complete the registration process.

How to Open an Account?

Fees

ThinkMarkets offers a range of trading accounts with no platform or access fees, and varying spreads. The ThinkTrader, Mini, and Standard accounts operate on a spread-only basis with no commission, while the ThinkZero account provides raw spreads on FX and metals with a $7 commission for those products, and spread-only for all others .

Deposit & Withdrawal

ThinkMarkets offers a variety of deposit and withdrawal methods for traders to fund and withdraw funds from their accounts. Some of the common methods include bank wire transfers, credit cards, and popular e-wallets such as Neteller and Skrill.

ThinkPortal offers a streamlined and secure process for both deposits and withdrawals. To initiate a withdrawal, users can log in to their ThinkPortal account and navigate to the “Funding” section, where they can access the “Withdraw funds” option. The platform upholds a strict policy against third-party deposits and withdrawals, following a “return to source” approach. This means that withdrawals are processed back to the same method used for the deposit, ensuring consistency and security. The company aims to process withdrawals within 24 hours, though the timeframe for fund receipt depends on the chosen withdrawal method, varying between 1-7 business days.

While ThinkPortal generally does not impose fees for deposits or withdrawals, certain charges from third-party providers might be passed on to clients at the company's discretion. It's important to note that the company reserves the right to investigate, cancel, or apply fees to deposit or withdrawal requests with limited trading activity.

Deposit & Withdrawal

Educational Resources

ThinkMarkets offers a range of educational resources and tools to assist traders in their trading journey. These resources include trading guides, video tutorials, and webinars. These materials provide valuable information on various trading topics such as technical analysis, risk management, and trading strategies. Traders can access these resources on the ThinkMarkets website.

Customer Support

ThinkMarkets provides customer support services to assist traders with their inquiries and concerns. The customer support team is available during regular business hours, typically from Monday to Friday. The specific hours vary, so traders are encouraged to check the ThinkMarkets website for the most up-to-date information.

Traders can reach the customer support team through various contact channels, including email (support@thinkmarkets.com) and telephone. The contact details can be found on the ThinkMarkets website.

ThinkMarkets supports multiple languages to cater to a diverse range of traders. The supported languages include but are not limited to English, Spanish, German, French, Chinese, and Arabic. Traders can select their preferred language for communication with the customer support team.

Is ThinkMarkets a Good Exchange for You?

ThinkMarkets caters to various types of traders, and its offerings make it suitable for different trading groups. Here are some target groups that find ThinkMarkets suitable:

1. Beginner Traders: ThinkMarkets provides a range of educational resources, such as trading guides, video tutorials, and webinars, which are beneficial for beginners who are looking to learn about virtual currency trading. The platform's user-friendly interface and customer support services can also assist beginners in navigating the trading process.

2. Intermediate Traders: Intermediate traders who have gained some trading experience can benefit from ThinkMarkets' comprehensive trading tools and features. The platform offers advanced charting tools, technical analysis indicators, and other analytical resources that can help intermediate traders make informed trading decisions.

3. Experienced Traders: Experienced traders who are seeking advanced trading features and functionalities can take advantage of ThinkMarkets' professional trading platforms. These platforms offer advanced order types, customization options, API connectivity, and other tools that can enhance the trading experience for experienced traders.

4. Short-term Traders: ThinkMarkets' low latency trading infrastructure and fast execution speeds make it suitable for short-term traders who engage in high-frequency trading or scalping strategies. The platform's tight spreads and competitive pricing can also be attractive to short-term traders looking to maximize their profits.

5. Long-term Investors: ThinkMarkets' range of cryptocurrencies and other financial instruments, such as forex and shares, make it suitable for long-term investors who are looking to diversify their portfolios. These investors can utilize ThinkMarkets' trading tools and resources to analyze the markets and make long-term investment decisions.

FAQs

Q: What types of accounts does ThinkMarkets offer?

A: ThinkMarkets offers two types of accounts: the standard account and the ThinkZero account.

Q: Does ThinkMarkets has vaild regulations?

A: Yes, ThinkMarkets operates under valid regulations from two reputable regulatory agencies: the Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC). However, it's important to note that the current regulatory status of ASIC is listed as “exceeded”.

Q: How many trade types on ThinkMarkets?

A: Six trade types, including Spot Trade, Contract Trading, Leveraged Trading, Option Trading, OTC Trading and Fiat Trading.