✔️ Information reviewed and updated in December 2023 by Pedro Martínez González
In this section we will tell you why You should NOT invest in ThinkMarkets. We analyze the website, we observe every detail and we examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation…
A pocas palabras WE DO NOT RECOMMEND IT. Below we will show you essential information about ThinkMarkets and we will tell you why we reached such a conclusion:
|🏠 Company*||TF Global Markets (UK) Limited|
|️ Regulation||FCA (UK) – FSA (Seychelles)|
|📈 Leading||MT4 and MT5|
|📌 Address||United Kingdom – Seychelles – Saint Lucia|
⚠️ ThinkMarkets is owned by TF Global Markets (UK) Limited and TF Global Markets Int Limited, the company is located in the United Kingdom, Seychelles, or Saint Lucia (the location of the company changes depending on the location of the client). In the case of Seychelles or Saint Lucia, we consider this location as dangerous for their clients due to its lack of regulation and lack of seriousness. Clients are unprotected. The company is located in a place UNSAFE, beware. ⚠️
Now we will analyze the types of accounts that ThinkMarkets offers, in this case, we observe that it offers 3 different types of accounts:
|Account type||Minimum initial deposit|
Information on the web
ThinkMarkets provides a basic explanation of the financial products it offers, market news and analysis, economic calendar, live charts, really not much more than this.
List of phone numbers
United Kingdom +44 203 514 2374
Australia +61 3 9093 3400
🚫 ThinkMarkets final rating 🚫
Finally, and in a few words, our recommendation is: DO NOT INVEST WITH ThinkMarkets.
As we mentioned before, it is a financial company located in a place where you will not have protection from the law in case of being harmed, that is, you will not be able to claim anyone if an unfortunate event occurs such as the sudden loss of your funds or the closure of the company.
In case of problems, it is most likely that the authorities of your country will not be able to do anything. As a client of this company you are unprotected!
Investing with unregulated brokers or brokers based in such countries (like Seychelles) is very risky. It is best to invest with a regulated broker, based in a serious country.
What's new on ThinkMarkets:
|Date||Update – news|
|July 2023||Depending on the location of the client, the broker has a very bad regulation (Seychelles), we suggest extreme caution since we believe that it is a very bad and not serious regulation.|
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with ThinkMarkets.
At the end of the review you will find customer comments.
How to Claim Money Scammed by ThinkMarkets
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report ThinkMarkets
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
How can I report ThinkMarkets?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is ThinkMarkets a scam – is it scam?
We have not detected signs of fraud, but we were able to detect that depending on the location of the clients, the company is based in a very unsafe country.
Is ThinkMarkets trustworthy?
No, ThinkMarkets is not trustworthy: 1) is based in unsafe countries, 2) it has a very bad regulation 3) It doesn't have a very good reputation on the internet. These characteristics make the company very unreliable.
How to recover money from ThinkMarkets?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
Are there (recommended) alternatives to ThinkMarkets?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.