Independent broker review

ThinkMarkets Review 2026

FCA
ASIC
CySEC
FSCA

ThinkMarkets is a multi-entity CFD broker with FCA, ASIC, CySEC and FSCA licences, offering ThinkTrader plus MetaTrader in supported regions.

Last verified 02 September 2026 How we score brokers

Reviewed by Marcus Reed Senior Markets & Regulation Analyst

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Pros, cons and who it is not for

Pros

Holds at least one tier-1 licence (FCA, ASIC, CySEC, DFSA, CFTC/NFA or FMA).
Multiple legal entities are documented, so you can match the company in the client agreement.
Advertises raw / 0.0-pip pricing on at least one account path.
Published minimum deposit is $0*, which is usable for a small live test.
Islamic / swap-free accounts are published as available in supported regions.

Cons

Retail leverage is capped near 1:30 on the UK/EU/AU-style entities listed here.

Usually not for

Traders who will only execute from TradingView.
US residents who need a CFTC/NFA retail forex broker.

Licenses and Legal Entities

Match the legal entity and license number below against the account agreement before you deposit.

FCA Verify License

Legal Entity: ThinkMarkets UK Ltd
License No.: 629628
Serves: United Kingdom

ASIC Verify License

Legal Entity: TF Global Markets (Aust) Pty Ltd
License No.: 424700
Serves: Australia

CySEC Verify License

Legal Entity: TF Global Markets (Europe) Ltd
License No.: 215/13
Serves: EU / EEA

FSCA Verify License

Legal Entity: TF Global Markets SA (Pty) Ltd
License No.: 49835
Serves: South Africa

Platform coverage

Schematic frames of the published platform stack. These are not live account captures and do not show profits, balances or fills.

MetaTrader 5 — schematic of typical chart and order ticket access. Not a live account capture and not performance data.

MetaTrader 4 — schematic of the desktop/mobile path listed by the broker. Not a live profit-and-loss screenshot.

Web / proprietary platform — schematic of browser trading. Features differ by entity.

Broker overview

Trading platforms

ThinkTrader, MetaTrader 4 and MetaTrader 5 where offered.

Investor protection

FCA clients may access FSCS where eligible. CySEC clients may access ICF compensation. ASIC and FSCA entities provide regional conduct oversight without identical compensation funds.

Regional coverage

Used across UK, Australia, EU and South Africa. Confirm whether you are onboarded under ThinkMarkets UK, TF Global Markets (Aust), Europe or SA.

Key features

ThinkMarkets UK Ltd FCA 629628
TF Global Markets (Aust) Pty Ltd AFSL 424700
TF Global Markets (Europe) Ltd CySEC 215/13
ThinkTrader plus MT4/MT5 in supported regions

Verification log

Dated checks on this profile. 2026 is the first published score year.

2026-09-02 Published the 2026 8-pillar score for ThinkMarkets. This is the baseline year — earlier ranks are not backfilled.
2026-08-19 Directory entity check: licences, legal names and register URLs re-verified on this profile.

2026 broker scores

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