Desk file · 2026 edition · record confidence: medium
ThinkMarkets
We opened the file on ThinkMarkets the way we open every file: register first, marketing never. Trading since 2010, run out of Melbourne, Australia, and carrying 4 licence entries on the public record, 2 of them tier-1.
What the two desk scores say
Both are out of 10 and both are computed, not felt.
| Cost score | Priced off the spread basis below, not off a headline rate card. | not verified |
|---|---|---|
| Safety score | Weighted on licence tier and on how many of the entries we could re-read at source. | not verified |
| Cost per 10 lots | Ten round-turn EUR/USD lots priced at the spread basis, commission excluded. | $not verified |
Spread basis. . Nothing on this page is a live quote; a spread printed on a Tuesday afternoon is not the spread you get thirty seconds after a non-farm payroll release.
Licence entries, one row per entity
Every row links to the document we read it from.
| Regulator | Licence no. | Jurisdiction | Tier | Licensed entity | Source |
|---|---|---|---|---|---|
| ASIC | AFSL 424700 | Australia | T1 | TF Global Markets (Aust) Pty Ltd | thinkmarkets.com |
| FCA | 629628 | United Kingdom | T1 | TF Global Markets (UK) Limited | wikifx.com |
| CySEC | 215/13 | Cyprus | T2 | ThinkMarkets (EU) Ltd | thinkmarkets.com |
| FSA Seychelles | Seychelles | T3 | ThinkMarkets Group (Seychelles entity) | thinkmarkets.com |
Which entity actually holds your money is decided at signup, by the country on your application — not by the strongest licence in this table. Read the client agreement you are handed, then match the entity name against the row above.
What we were able to confirm
Confirmed at source
- ThinkMarkets states it holds 10 licences globally, including ASIC, FCA, CySEC, FSCA, CIMA and the Seychelles FSA.
- The Australian entity advertises no minimum deposit, segregated client money and negative balance protection in line with ASIC rules.
- The broker advertises access to up to 4,000 instruments at group level and 2,000 for Australian clients.
- Established in 2010, with offices listed in Australia, Asia, Europe, the UK, UAE and South Africa.
- In February 2022 ThinkMarkets announced the closing of a US$40 million funding package comprising a US$10 million pre-IPO convertible equity investment (supported by existing shareholder Regal Funds Management, with Chardan as lead financial advisor) and a US$30 million senior secured debt facility from Mars Growth, a Liquidity Group-MUFG joint venture fund, introduced by Singapore-based ARC Investments (announcement dated 11 February 2022, republished by Liquidity Group's LiquidityFinder news page, https://liquidityfinder.com/news/thinkmarkets-closes-40-million-funding-from-institutional-investors-14wb5).
Not verified
The following could not be traced to a primary source at the time of filing. We publish the gap rather than a number that would look tidier:
- Seychelles FSA licence number
- CIMA and FSCA licence numbers
- typical EUR/USD spread on the ThinkZero account
- typical EUR/USD spread (source only gave an advertised 'from 0.0' raw-account figure)
| Founded | 2010 |
| Head office | Melbourne, Australia |
| Minimum deposit | None |
| Leverage cap | 1:30 retail under ASIC/FCA/CySEC; higher under offshore entities |
| EUR/USD | not verified pips |
| Tier-1 entries | 2 |
| Record confidence | medium |
Platforms and account types on file
Platforms
Account types
Markets
Other records open on the desk
CFDs are complex instruments with a high risk of losing money rapidly due to leverage. A desk file is a record of what the public register said on the day we read it, not a recommendation to open an account.