ThinkMarkets review
Details checked 27 Sept 2026. Always confirm current terms on the broker's site.
Our verdict
ThinkMarkets is a UK/Australian broker with FCA, ASIC and CySEC licences that offers gold on MT4, MT5, TradingView and its own ThinkTrader platform. It is not available to Indian residents and is named on the RBI Alert List.
ThinkMarkets was founded in 2010 and runs its main operations from London and Melbourne. It holds Tier-1 licences from the FCA, ASIC and CySEC, plus regulation in Japan, Dubai, South Africa, the Cayman Islands, Seychelles and Mauritius. Gold traders can choose a Standard account, where costs are built into the spread, or the ThinkZero account, which offers raw spreads with a commission of $3.50 per side ($7 round turn) per lot on metals. CompareForexBrokers reports gold spreads of around $0.30 on ThinkZero; the broker does not publish a typical gold spread for the Standard account. Platform choice is a strength: MT4, MT5, TradingView and the in-house ThinkTrader platform are all supported. Retail clients under the FCA are limited to 1:20 leverage on gold, while the offshore entity offers much higher leverage, which also increases the risk of fast losses. A swap-free account is available with a flat weekly administration fee. The minimum deposit is low or zero on standard accounts but higher for ThinkZero. ThinkMarkets' global website says its services are not directed at residents of India, and the brand appears on the RBI Alert List, so it is not a practical option for Indian traders.
Pros
- Tier-1 licences from FCA, ASIC and CySEC
- Raw-spread ThinkZero account with $7 round-turn commission on gold
- Wide platform choice including TradingView and its own ThinkTrader
- Low or no minimum deposit on standard accounts
- Swap-free account available
Cons
- Listed on the RBI Alert List ('Think Markets', entry 81)
- Does not accept Indian residents
- Standard-account gold spread not published
- ThinkZero minimum deposit is higher than standard ($100-$500 depending on source)
Key facts
| Founded | 2010 |
|---|---|
| Headquarters | London, UK and Melbourne, Australia |
| Regulators | FCA (UK) (Tier-1); ASIC (Australia) (Tier-1); CySEC (Cyprus) (Tier-1); JFSA (Japan) (Tier-1); DFSA (UAE); FSCA (South Africa); CIMA (Cayman Islands); FSA Seychelles - TF Global Markets Int Ltd; FSC (Mauritius) |
| Gold (XAUUSD) available | Yes |
| Gold spread, standard account | not published |
| Gold spread, raw/ECN account | ~$0.30 on ThinkZero (CompareForexBrokers); raw from 0.0 |
| Commission, raw account | $3.50 per side ($7 round turn) per lot on ThinkZero |
| Max gold leverage (offshore entity) | Up to 1:500 standard; higher via dynamic leverage on some instruments (reported) |
| Max gold leverage (Tier-1 entity) | 1:20 (retail, FCA) |
| Minimum trade size | not published |
| Platforms | MT4, MT5, ThinkTrader (web/app), TradingView |
| Minimum deposit | $0 |
| Account types | Standard, ThinkTrader, ThinkZero (raw + commission), Islamic swap-free |
| Indian deposit methods | Not applicable - global site states it is not directed at Indian residents |
| Accepts clients from India | No |
| Negative balance protection | Yes (retail clients, conditions vary by jurisdiction) |
| Segregated client funds | Yes |
| Investor compensation | FSCS (UK entity); ICF (CySEC entity); none for offshore |
| Swap-free account | Yes |
| On RBI Alert List | Yes: 2025-11-19 (latest RBI update; checked 2026-09-27) |
Member reviews
Sources used for this review
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