We are proud to announce to have finished another extensive, unbiased broker review. This time about ThinkMarkets, one of the bigger players in Australia. Also, the best Australian brokers page of Choosebroker.com is now featuring 3 top Australian brokers. In the near future CMC Markets, Vantage FX and Oanda are to be added. This will make sure Choosebroker.com features the top 6 Australian brokers and covers almost the entire Australian FX market.
Thinkmarkets, formally known as ThinkForex is founded in 2010. Now a days, ThinkMarkets is regulated in Australia as TF Global Markets Pty, in the UK as TF Global Markets Limited and in Bermuda as Think Capital Limited.
ThinkMarkets is most known for it’s cryptocurrency trading offering. ThinkMarkets offers forex and CFD traders access to 40 forex pairs, more than 200 different CFDs and 9 special cryptocurrency CFDs.
ThinkMarkets scores good on our broker trust score tests. ThinkMarkets is not being traded publicly on the stock exchange and has no banking license (unlike Plus500 and Markets.com). Thinkmarkets is, however, regulated by two tier 1 regulators. ThinkMarkets is regulated and licensed by the following tier 1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
Overall, we suggest you try ThinkMarkets out with a demo account first before depositing any money to see if it’s the right broker for you. Good alternative Australian brokers are IC Markets and Pepperstone.
In the next post we will outline our road map for the coming months and explain to visitors this website gets what our plans are in the near future.