ThinkMarkets Review 2026
ThinkMarkets is a Melbourne- and London-based multi-entity CFD broker with FCA, ASIC, CySEC, DFSA, FSCA and FSA Seychelles licences, offering ThinkTrader plus MetaTrader in supported regions.
- 82 / 100
- Compliant
- Australia
- ASIC
- CySEC
- DFSA
- FCA
- FSCA
- FSA Seychelles
- Min. Deposit
- $0*
- Max. leverage
- 1:30 retail UK/EU/AU; higher on some entities
- Spread From
- 0.0 pip
- Commission
- $7/lot
- Trading platforms
- ThinkTrader, MetaTrader 4 and MetaTrader 5 where offered.
Key features
- TF Global Markets (UK) Limited 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
Regional coverage
Used across UK, Australia, EU, the Gulf and South Africa. International clients are often placed with TF Global Markets Int Ltd (Seychelles). Confirm which TF Global Markets company is named in your agreement.
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.
Licenses and Legal Entities
Match the legal entity and license number below against the account agreement before you deposit.
FSCA · License No. 49835
TF Global Markets (South Africa) (Pty) Ltd · South Africa
FSA Seychelles · License No. SD060
TF Global Markets Int Ltd · Global / International
Trading conditions
- Min. Deposit
- $0*
- Spread From
- 0.0 pip Raw
- Commission
- $7/lot
- Max. leverage
- 1:30 retail UK/EU/AU; higher on some entities
- Islamic
- Yes
- Trading platforms
- ThinkTrader, MetaTrader 4 and MetaTrader 5 where offered.
Spreads shown are minimum values from the lowest-spread account type. Actual spreads vary by account, instrument, and market conditions. Islamic (swap-free) account availability may depend on your region and entity. Always verify directly with the broker.
8-pillar score
Weighted /100
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
- At least one offshore entity is in the group. Protection and leverage follow that company, not the brand name.
- 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.
How do I choose a licensed forex broker?
Choose the entity licensed where you live — FCA (UK), CySEC (EU), ASIC (Australia) or DFSA (Dubai/Gulf) — and match its license number to the client agreement before you deposit.
Detailed explanation
A brand is not a license. Compensation, leverage caps and complaints follow the company that opens the account. CySEC covers the EEA (Cyprus ICF). FCA sits under UK rules and the FSCS. ASIC serves Australian retail clients. DFSA serves the DIFC. Offshore entities such as FSA Seychelles or FSC Belize sit outside those schemes.
Example
A UK account under an FCA-authorised company can use the Financial Ombudsman and, if the firm fails, the FSCS (up to £85,000). The same brand’s Seychelles entity would not.
Common mistake
Treating a CySEC, FCA or ASIC logo on a landing page as proof that your account is covered. Many groups onboard international clients through an offshore company. If the agreement names that company, the EU, UK or Australian compensation scheme does not apply.
Professional tip
Search the official register by license number, not only by brand. Confirm the status is authorised or active, that forex or CFDs are listed, and that the legal name matches the agreement before the first deposit.