ThinkMarkets CFD trading platform review Australia
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- Minimum Spreads for Major Currencies
- From 0 pips
- Available markets
- Forex, Indices, Energy, Metals, Cryptocurrency, Stocks, Futures (CFDs only)
- Platforms
- MetaTrader4, MetaTrader5, ThinkTrader
Summary
A forex-focused MT4 trading platform that offers spreads as low as 0.0 for major currencies.
ThinkMarkets is a solid all-round CFD and forex broker, best suited for traders who want a choice between simple, commission-free accounts and raw-spread options with advanced platforms. Its proprietary ThinkTrader platform, with unique analysis tools, will appeal to experienced traders.
However, if you're looking for the absolute lowest-cost broker for high-volume trading, competitors like IC Markets may offer slightly lower commissions on their raw spread accounts.
Details
Product details
| Type of broker | Online only |
| Available markets | Forex, Indices, Energy, Metals, Cryptocurrency, Stocks, Futures (CFDs only) |
| Minimum Spreads for Major Currencies | From 0 pips |
| Commission | $0 |
| Platforms | MetaTrader4, MetaTrader5, ThinkTrader |
| Support | 24/7 live chat, email, phone |
Pros
- Choice of powerful platforms including MT4, MT5, TradingView and the proprietary ThinkTrader
- $0 minimum deposit for Australian clients on the Standard account
- Competitive spreads from 0.0 pips on the ThinkZero account
- Regulated in Australia by ASIC and holds 10 global licences
- 24/7 customer support via live chat, phone and email
Cons
- $500 minimum deposit for the low-spread ThinkZero account
- Commissions on the ThinkZero account are competitive but not the absolute lowest available
- Fewer currency pairs than some major competitors
How does ThinkMarkets compare?
ThinkMarkets holds its own against other popular Australian brokers, particularly with its platform variety and account flexibility. Here’s how it stacks up against Pepperstone and IC Markets.
| Feature | ThinkMarkets | Pepperstone | IC Markets |
|---|---|---|---|
| Platforms | ThinkTrader, MT4, MT5, TradingView | MT4, MT5, TradingView, cTrader | MT4, MT5, cTrader, TradingView |
| Standard account spread | From 0.4 pips | From 1.0 pips | From 0.8 pips |
| Raw account spread | From 0.0 pips | From 0.0 pips | From 0.0 pips |
| Raw account commission | $7 round turn | $7 round turn (MT4/5, TradingView), $6 (cTrader) | $7 round turn (MT4/5), $6 (cTrader) |
| Tradable instruments | 4,000+ | 1,350+ | 2,850+ |
| ASIC regulated | Yes | Yes | Yes |
What can you trade with ThinkMarkets?
ThinkMarkets offers contracts for difference (CFDs) across more than 4,000 instruments, meaning you speculate on price movements without owning the underlying asset.
- Forex: Trade over 45 major, minor and exotic currency pairs.
- Indices: Access 16 global indices including the Australia 200, S&P 500 and NASDAQ 100.
- Share CFDs: Trade CFDs on thousands of global shares.
- Commodities: Go long or short on metals like gold and silver, and energies like crude oil and natural gas.
- Cryptocurrency CFDs: Trade popular digital currencies including Bitcoin and Ethereum.
- Direct share trading: If you want to buy and sell actual shares, not just CFDs, you'll need to open a separate ThinkMarkets share trading account.
What are ThinkMarkets' account types?
ThinkMarkets offers two main account types for Australian traders, plus demo and Islamic options.
- Standard account. This is a good starting point for new traders. There is no minimum deposit for Australian clients, spreads start from a competitive 0.4 pips and you pay zero commission on forex trades.
- ThinkZero account. Aimed at more active or experienced traders, this account offers raw spreads starting from 0.0 pips. In exchange for the tighter spreads, you pay a commission of $7 per round turn lot on forex and metals. It requires a minimum deposit of $500.
- Demo account. You can test drive the platforms with a free demo account. It expires after 30 days of inactivity.
- Islamic account. A swap-free account that complies with Sharia law is also available. There are no admin fees for the first six days a trade is held open.
How much does ThinkMarkets cost? Fees and spreads explained
ThinkMarkets' main trading costs are the spread and commissions, which vary by account type. There are no account subscription or inactivity fees.
The spread is the difference between the buy and sell price of an asset. The commission is a flat fee charged for opening and closing a trade. Understanding how these work together is key to managing your trading costs, and you can learn more in our guide to forex trading spreads, pips and fees.
| Fee | Standard Account | ThinkZero Account |
|---|---|---|
| Minimum opening balance | $0 (for AU clients) | $500 |
| Spreads | From 0.4 pips | From 0.0 pips |
| FX commission per lot | $0 | $7 ($3.50 per side) |
| Inactivity fee | None for 6 months of inactivity, then a fee may apply | None for 6 months of inactivity, then a fee may apply |
| Deposit/Withdrawal fees | None charged by ThinkMarkets | None charged by ThinkMarkets |
| Leverage | 30:1 | 30:1 |
Under ASIC regulations, leverage for retail clients is capped. For major forex pairs, the maximum leverage is 30:1.
What platforms can you use with ThinkMarkets?
ThinkMarkets offers an impressive range of platforms, catering to different styles of trading. You can choose from the industry-standard MetaTrader 4 and 5, the powerful charting platform TradingView or ThinkMarkets' own advanced proprietary platform, ThinkTrader.
ThinkTrader: The in-house platform
ThinkTrader is designed for serious traders and comes packed with advanced tools not found on standard platforms. It's available on desktop, web and mobile.
- Advanced tools: TradingView charting integration offers 100+ technical indicators, 50 drawing tools, and 10+ chart types.
- TrendRisk Scanner: An exclusive tool that scans markets to identify potential trading opportunities.
- Traders' Gym: A trading simulator that lets you backtest your strategies on historical data in a risk-free environment.
MetaTrader 4 and 5 (MT4/MT5)
The world's most popular trading platforms, MT4 and MT5 are known for their reliability, extensive charting capabilities and support for automated trading through Expert Advisors (EAs). MT5 is the newer version with more timeframes, indicators and features.
TradingView integration
You can connect your ThinkMarkets account directly to TradingView, one of the most popular and powerful social charting platforms in the world. This allows you to trade directly from TradingView's advanced charts while using your ThinkMarkets account for execution.
Is ThinkMarkets safe to use?
Yes, ThinkMarkets is considered a safe broker. It was founded in 2010 and is regulated by multiple top-tier financial authorities around the world.
In Australia, it is regulated by the Australian Securities and Investments Commission (ASIC) under AFSL number 424700. As part of its licensing conditions, ThinkMarkets holds client funds in a segregated trust account with Commonwealth Bank and National Australia Bank, separate from its own company funds.
Globally, ThinkMarkets holds 10 financial licences, including from the UK's Financial Conduct Authority (FCA), making it one of the more heavily regulated brokers available to Australians.
What has changed with ThinkMarkets recently?
In July 2026, ThinkMarkets introduced dynamic leverage of up to 5000:1 for eligible professional clients on certain instruments. This feature automatically adjusts the available leverage based on a trader's position size. It's important to note that for regular retail clients in Australia, leverage remains capped by ASIC regulations at a maximum of 30:1 for major forex pairs.
How is ThinkMarkets' customer support?
ThinkMarkets offers above-average customer support, which is available 24 hours a day, 7 days a week. My own tests of the live chat found response times to be fast and the answers from support staff were detailed and helpful.
You can contact them via:
- 24/7 live chat
- Phone
How to open a ThinkMarkets account
You can open an account online in a few minutes. You’ll need to choose your account type (Standard or ThinkZero) and preferred platform.
You will also need to provide proof of identity, typically one photo ID (like a passport or driver's licence) and one proof of address (like a recent utility bill or bank statement).
Once your account is verified, you can fund it and start trading. Deposit methods include:
- Bank Wire
- Visa
- Mastercard
- Apple Pay
- Google Pay
- Neteller
- Skrill
- PayPal
- BPAY
Frequently asked questions
Sources
Your reviews
Kylie Finder
Investments Analyst
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