thinkmarkets has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
This company appears on the IOSCO I-SCAN international warnings list. Over 68 financial regulators worldwide contribute to this database. While being listed doesn't automatically mean fraud, it's a significant red flag that potential investors should take seriously. Do your research thoroughly.
Cons: Appears in regulatory warnings database|Uncertain regulatory status
Do not use thinkmarkets for anything serious. I used them for the past six months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: No hidden fees|Fast execution|Low minimum deposit
Cons: No integrated tax optimization
The onboarding at thinkmarkets was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Fast execution|Low minimum deposit|Dedicated account manager|Portfolio tracking tools
Cons: Slow to add new assets
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. thinkmarkets said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Dedicated account manager|Quick verification|High security standards
Cons: Slow to add new assets