ThinkMarkets Review Australia 2026

ThinkMarkets quick facts

Trading costs and fees

ThinkZero (RAW) account

ThinkZero is the broker’s commission-based account, priced as raw interbank spread plus a round-turn commission charged in the account base currency: AUD 7 per standard lot (AUD 3.50 per side) on AUD accounts, USD 7 on USD accounts. That is the same round-turn rate as Pepperstone Razor. EUR/USD spreads start at an advertised 0.0 pips and averaged 0.11 pips in our May to June 2026 testing. Add the commission and the total cost on a standard EUR/USD lot on an AUD account at AUDUSD 0.65 sits around 0.6 pips equivalent, the same band as Pepperstone Razor and IC Markets Raw.

An advertised floor is not a full-session average. Across our measured 8-pair basket, ThinkZero averaged 0.36 pips raw spread over May to June 2026 (IceFX SpreadMonitor). That result placed ThinkZero equal seventh of 16 raw accounts in our lowest-spread comparison, while the per-side rate sits in the A$3.50 tie group of our commission comparison.

Standard account

The Standard account uses spread-only pricing, no commission. EUR/USD prices from an advertised 0.4 pips; in our May to June 2026 testing it averaged 1.1 pips, with the 8-pair basket at 1.2 pips.

Other fees AU traders should check

• Overnight swap rates apply to positions held past 5 PM New York. Direction-dependent.
• Currency conversion applies if you trade an instrument denominated in a currency other than your base.
• Withdrawal fees are generally $0 on AU funding methods.
• The inactivity fee is USD 10 per month after 12 months of no trading activity.

Trading platforms

ThinkMarkets is one of the few AU brokers with a credible proprietary platform alongside MT4 and MT5. The catch is that platforms are tied to the account type rather than combined on one login: the Standard and ThinkZero accounts run MT4 and MT5 only, while the ThinkTrader account runs ThinkTrader and TradingView only. A Standard or ThinkZero trader doesn’t get ThinkTrader or TradingView, and a ThinkTrader account holder can’t run MT4/MT5 expert advisors. Read that coupling before you pick an account, because it decides your platform, your automation and, on ThinkZero, which markets you can trade at all.

ThinkTrader (proprietary)

ThinkTrader is the broker’s web and mobile platform, available on the ThinkTrader account. It’s the differentiator versus most MT4/MT5-only competitors. Strengths:

• Genuinely well-built mobile app on iOS and Android
• 120+ technical indicators
• TrendRisk Scanner technical analysis built in
• Clean, modern interface designed mobile-first
• Biometric login (Face ID, Touch ID, Android equivalent)
• Watchlists sync across web and mobile

A few features are exclusive to ThinkTrader and never appear on the MT4/MT5-based Standard and ThinkZero accounts:

• Guaranteed stop-loss orders (GSLO), with a premium from 0.025%, set at trade open only
• Traders’ Gym backtesting on real historical data, with up to 50 simultaneous simulations, available 24/7 including in the mobile app
• TrendRisk Scanner

The mobile app is the part traders mention most. If you want to manage positions from your phone with a proper trading interface, ThinkTrader is one of the better options in our 29-broker set.

MetaTrader 4

Standard MT4 build with full EA support and the ThinkZero pricing engine, available on the Standard and ThinkZero accounts. Right choice if you run legacy EAs.

MetaTrader 5

MT5 with multi-asset support (forex, indices, share CFDs, futures CFDs), available on the Standard and ThinkZero accounts. Useful if you trade across asset classes and want a single platform.

TradingView

TradingView is offered on the ThinkTrader account, alongside the ThinkTrader platform. It is not available on the Standard or ThinkZero accounts.

Copy and social trading

ThinkMarkets runs copy trading through ZuluTrade, the third-party network it integrates with rather than a social layer it built. You browse signal providers on ZuluTrade, allocate funds and mirror their trades on your ThinkMarkets account. Signal providers set their own terms, so that cost sits on top of the account pricing rather than inside it. The copy-trading offer is a bolt-on here, not a reason on its own to pick this broker.

Trust and safety

Trust score: 8/10.

ASIC regulation and global licences

ThinkMarkets’ FX and CFD business operates in Australia through TF Global Markets (Aust) Pty Ltd, which holds AFSL 424700 with the Australian Securities and Investments Commission. The separate cash-equities service runs through TF Global Markets Equities (Aust) Pty Ltd, a corporate authorised representative (CAR 1280662) of TF Global Securities (Aust) Pty Ltd (AFSL 412816). ThinkMarkets has been Australian-regulated since 2012.

The broader ThinkMarkets group holds:

• FCA (UK), Tier 1
• CySEC (Cyprus, EU), Tier 1
• FSCA (South Africa), Tier 2
• DFSA (UAE), Tier 2
• JFSA (Japan), Tier 1
• FSC (Mauritius), offshore

The combination of ASIC, FCA, CySEC and JFSA gives ThinkMarkets one of the broader Tier-1 footprints among AU mid-tier brokers.

Client money and negative balance protection

ThinkMarkets holds retail client money in segregated accounts at an Approved Australian Bank, separate from the company’s own funds. ASIC requires negative balance protection on retail CFD accounts, so a retail account cannot lose more than the money in it. If a dispute with the broker goes wrong, AFCA can hear claims up to $1,263,000 and award compensation up to $631,500. The Compensation Scheme of Last Resort sits behind that with a $150,000 cap, but it excludes CFD trading losses, so it protects you against unpaid awards for misconduct, not against losing trades.

For how this broker sits against the field on protection, see our safest broker shortlist and our explainer on ASIC negative balance requirements.

History and ownership

Founded in Melbourne in 2010 by Nauman Anees and Faizan Anees. Privately held. The group attempted to list publicly via a SPAC merger in 2021-22; the deal was cancelled in 2022 and the broker remains private as of 2026.

The sponsorships are not small ones: ThinkMarkets has been a global sponsor of Manchester United and a partner of Cricket Australia’s Brisbane Heat in the BBL.

Public reviews

ThinkMarkets sits around 4.0/5 on Trustpilot from over 1,500 reviews globally. Reviewers tend to praise the ThinkTrader app, support response times and the breadth of products; the recurring complaint is occasional withdrawal verification delays.

What other review sites say

ThinkMarkets' iOS app rates 4.53 out of 5 from 347 ratings on the Australian App Store (July 2026), listed as ThinkTrader.

TradingView users rate ThinkMarkets 4.5 out of 5 from 2.7K reviews (July 2026).

App Store AU

4.53

347 ratingsJuly 2026

TradingView

4.5

2.7K reviews13K Traders via TradingViewJuly 2026View on TradingView

Account types and minimum deposit

Account options for AU clients

ThinkMarkets ties accounts to platforms, and that coupling is the practical warning: the ThinkTrader account does not run MT4/MT5 expert advisors, and ThinkZero, the raw account, needs a AUD 500 minimum and trades forex, metals, indices and energies only. The Standard account opens at $0. The Professional tier for wholesale and sophisticated investors follows below.

Pick the account for the markets and the automation you need first, and the pricing second. The full product range applies to the Standard and ThinkTrader accounts; ThinkZero buys you the tighter spread and gives up crypto, share CFDs, ETFs and futures CFDs to get it.

Minimum deposit

ThinkMarkets’ minimum deposit is $0 on the Standard and ThinkTrader accounts. ThinkZero is the exception: a hard AUD 500 requirement, not a suggested amount. If you want raw pricing here, that is the entry ticket.

Professional account (Wholesale / Sophisticated Investor)

The Professional tier is for clients who qualify as Wholesale or Sophisticated Investors, based on meeting two of three eligibility tests, including placing 10 or more trades per quarter or holding a portfolio above the ASIC wholesale threshold. Leverage rises to a maximum of 500:1, applied on a dynamic tiered basis rather than as a flat rate, and share CFDs remain capped at 20:1 (Tier 1), 10:1 (Tier 2) and 5:1 (Tier 3).

Funding and withdrawals

Deposit methods (AU clients)

Withdrawals

$0 on most domestic methods. Withdrawals must use the same source as deposits where possible.

Account opening

Fully online and AUSTRAC-compliant. Most AU applications are approved within 24 hours. Onboarding test score: 11/15.

Product range

ThinkMarkets covers more than most boutique RAW brokers, even if it’s narrower than CMC or IG. At 4,000+ instruments the types of CFD markets here run to seven classes:

The index list is the usual AU shape, built around the ASX 200 and the S&P/ASX SPI 200 alongside the big offshore benchmarks. Commodities run from gold as XAU/USD through silver, oil and gas to the agricultural softs, all at the standard ASIC retail caps.

One account-level restriction cuts across the whole table: the ThinkZero account trades forex, metals, indices and energies only, with no access to crypto, share CFDs, ETFs or futures CFDs. That matters if you’re weighing ThinkZero as an active trader but also want the share CFDs, crypto or ETFs listed here.

Share CFDs and ETFs

ThinkMarkets lists 3,500 plus share CFDs across ASX, NYSE, NASDAQ, LSE and the EU exchanges, plus a selection of ETF CFDs, more than most boutique raw brokers carry. One catch repeats from the account section: share CFDs are not tradeable on ThinkZero, so equities traders sit on the Standard or ThinkTrader accounts. For how the class works and who leads it, see our guide to share and ETF CFD trading.

Crypto CFDs

Crypto CFDs cover BTC, ETH, XRP, ADA and SOL at ASIC’s 2:1 retail cap. These are CFDs rather than coins you own or can withdraw to a wallet, and ThinkZero cannot trade them at all, so crypto sits on the Standard or ThinkTrader accounts. Our guide to the major crypto CFDs sets out how the class compares across the AU field.

Futures CFDs

Index futures and commodity futures CFDs round out the range, a class few AU brokers carry at all. They trade natively on MT5, which is one of the practical reasons to take the Standard account over ThinkZero, since ThinkZero has no futures CFD access.

Leverage for AU traders

ThinkMarkets holds the ASIC caps on every retail account, and the coupling rule matters here too: the caps are identical across ThinkTrader, MT and ThinkZero accounts, so switching accounts changes your product access, never your leverage.

ASIC caps retail CFD leverage at 30:1 on major forex pairs, 20:1 on minor pairs, gold and major indices, 10:1 on commodities other than gold, 5:1 on share CFDs and 2:1 on crypto assets. The caps come from a product intervention order that ASIC has extended to 23 May 2027, so they apply at every ASIC broker, not just ThinkMarkets. ThinkMarkets offers higher leverage to wholesale clients who pass the eligibility tests: up to 500:1, applied on a dynamic tiered basis rather than a flat rate, for clients who meet two of the three ASIC tests.

ASIC requires every CFD issuer to close out a retail client’s positions once account equity falls below 50 percent of the total initial margin on all open positions. The rule is set by the product intervention order and applies to ThinkMarkets the same way it applies to every ASIC-licensed CFD issuer. Positions cannot be netted off against each other to reduce that figure, and a gapping market can close a position below the 50 percent level.

If you are weighing that trade-off, read leverage risk explained first, then our high-leverage broker guide.

Customer service

Phone, live chat and email. Hours: 24 hours, Monday to Friday Sydney time. Average live chat response time in our testing: under 90 seconds during AU business hours.

Languages supported: English, Chinese, Spanish, Italian, Arabic, Japanese, Russian.

Research and education

ThinkMarkets bundles a respectable research stack into ThinkTrader:

• Trading Central daily research feed
• TrendRisk Scanner technical analysis
• Economic calendar
• In-platform news (Reuters)
• ThinkTrader video tutorials and platform walkthroughs
• Beginner education hub on the website

How ThinkMarkets compares to alternatives

No single broker wins on every axis. The table below points to the brokers we would pick for specific priorities; for the full field, see our best forex brokers in Australia guide.

Should you open an account with ThinkMarkets?

Open a ThinkMarkets account if ThinkTrader’s mobile first design fits how you trade and the 3,500 plus share CFD list covers your names. Skip it if account and platform coupling would trap you: EAs need the MT accounts, ThinkZero trades only forex, metals, indices and energies on a AUD 500 minimum, and the Standard account’s 1.1 pip measured average is beaten on cost. Pepperstone avoids the coupling problem entirely and Fusion Markets beats the pricing. A demo covers ThinkTrader and the MT accounts.

Open a ThinkMarkets demo → (affiliate link, see our advertiser disclosure)