ThinkMarkets

ThinkMarkets was established in 2010 in Australia. It is a multi-regulated broker with offices across the globe, including Australia, Asia, Japan, Europe, the UK, the UAE, and South Africa.

They operate their own Home-Grown platform, called ThinkTrader, alongside the traditional MT4/MT5 suite and the TradingView platform.

The broker boasts an impressive range of products, as well as a physical presence in multiple regions worldwide.

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.

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 LOW 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.