An internationally and FSCA-regulated broker, ThinkMarkets appeals to experienced traders who value a broad range of tradable assets and an extensive suite of trading tools, though trading costs are higher than average on its entry-level account.
ThinkMarkets offers trading on a wider range of tradable assets than other brokers, including 46 Forex pairs, 27 indices, 13 commodities, 1541 share CFDs, and 20 crypto pairs. The ThinkMarkets Standard Account, with no minimum deposit requirement, has high trading costs compared to other brokers, at 12 USD per lot EUR/USD. On the other hand, the 500 USD minimum deposit ThinkZero account delivers better pricing at 8 USD per lot EUR/USD, which may interest more experienced traders.
ThinkMarkets offers support for the MT4, MT5, and inhouse ThinkTrader platforms, and traders have access to some of the best trading tools in the industry, including Autochartist, Trading Central, Zulutrade, and a VPS hosting service. AutoChartist and Trading Central are offered free of charge to account holders. The Zulutrade copy-trading service requires a subscription of 30 USD per month, and the VPS service has a subscription fee unless traders trade over 15 lots per month.
The ThinkMarkets education package targets all traders levels and is a good place to start for beginners. Daily market commentary is missing from the website, but real-time news from FX Wire Pro is integrated into the ThinkTrader platform, along with advanced order management, risk management tools, charts, and more.