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ThinkMarkets Spread Betting Review

#5 of 14 brokers ranked

ThinkMarkets publishes target spreads rather than averages, and the company behind it shares no word with the brand.

🗺️ FCA regulated: TF Global Markets (UK) Limited (FRN 629628), checked on the FCA register 22 Sep 2026

  • Minimum deposit£0
  • PlatformsThinkTrader, MT4, TradingView
  • Spread figuresTargets only 9 of 9 pairs
  • Spread data read18 Sep 2026
ThinkMarkets spread betting review

Our spread bet content is supported by broker partners, who pay us on a retainer basis rather than per referral.

ThinkMarkets75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.
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Our Verdict On ThinkMarkets

ThinkMarkets scores 82/100 and ranks 5 of 14. ThinkMarkets publishes only target spreads, which we keep out of the brokers' average. Judge it on the rest and check its prices on the platform.

How We Scored ThinkMarkets

Our overall score for ThinkMarkets is 82 out of 100. Below is the assessment behind it: ThinkMarkets marked on each of the criteria we score every account against, each one out of 10.

ThinkMarkets marked out of ten on each of the six criteria we score every account against, shown as a bar on each row.
CriterionThinkMarkets
Trading Cost9 / 10Assessed
Trading Experience8 / 10Assessed
Trading Platform7 / 10Assessed
Trust9 / 10Assessed
Range Of Markets7 / 10Assessed
Customer Service9 / 10Assessed

The overall score shown above the table is the sum of these six marks, each out of 10, divided by 60 and multiplied by 100, rounded half up. No criterion is weighted, and this has been how every score on the site is computed since 24 September 2026.

Our account scoring method names the six criteria, what each one covers, and the published sources behind every mark.

Who You Contract With At ThinkMarkets

Spread bets at ThinkMarkets are placed with TF Global Markets (UK) Limited (FRN 629628).

Our guide to FCA regulation of spread betting publishes the authorised entity and reference number for every provider we track. Our index of every broker review covers every brand on this site.

Is ThinkMarkets Regulated By The FCA?

TF Global Markets (UK) Limited is on the Financial Services Register under firm reference number 629628, and its status panel reads Authorised, since 23 Jan 2015. We read the entry on 3 Sep 2026, and the capture below is what the register showed that day.

FCA Financial Services Register entry for TF Global Markets (UK) Limited, firm reference number 629628: the firm details and firm status panels, status Authorised since 23 Jan 2015, captured 3 Sep 2026
TF Global Markets (UK) Limited, FRN 629628, on the FCA Financial Services Register: status Authorised, since 23 Jan 2015. Captured 3 Sep 2026. Source: the firm’s register entry, Financial Conduct Authority.

The permissions panel is not in the capture, so this page makes no claim about which regulated activities the authorisation covers. Our regulation guide sets out how to look a broker up on the FCA register.

ThinkMarkets Trust, Ownership And Client Money Protection

Can You Trust ThinkMarkets?

ThinkMarkets's UK business is run by TF Global Markets (UK) Limited, a firm Authorised by the FCA since 2015. ThinkMarkets states that client money is held in segregated accounts and that retail clients have negative balance protection in line with FCA rules. The firm reference number is 629628. (FCA register, read ; ThinkMarkets's own site, read )

Who Owns ThinkMarkets?

ThinkMarkets is owned by TF Global Markets (Aust) Pty, listed as its parent in the Companies House register of persons with significant control. (Companies House, read )

What Happens To Your Money If ThinkMarkets Fails?

ThinkMarkets states that client money is held in segregated accounts and is eligible for FSCS protection up to £85,000. The FSCS itself gives the limit as up to £85,000 per eligible person, per firm, for a firm that failed after 1 April 2019. (ThinkMarkets's own site, read ; FSCS, read )

ThinkMarkets lets you trade CFDs and spread betting on global markets from one ThinkTrader account, so see our guide to spread betting and CFD trading compared. (ThinkMarkets's own site, read )

ThinkMarkets Licence And Terms

Regulator
Financial Conduct Authority (FCA)
Authorised entity
TF Global Markets (UK) Limited (FRN 629628)
Register status
Authorised
Authorised since
23 Jan 2015
Register read
3 Sep 2026
Minimum deposit
£0
Guaranteed stops
Not confirmed
Inactivity fee
£10 a month once an account has had no trading for 180 days (positive balances only)

ThinkMarkets Spread Betting Costs

ThinkMarkets publishes a target spread for spread betting on all nine pairs, in pips. A target is the spread it says it aims to execute at, a statement of intent rather than a measurement.

We list the targets below and keep them out of the brokers' average.

This table shows what ThinkMarkets publishes for spread betting on the nine pairs, with the kind of each figure and its window, as read on 18 Sep 2026.

The spread figure ThinkMarkets publishes for spread betting on each currency pair, with the kind of figure and the window it covers.
Currency pairThinkMarkets publishesKind of figureWindow
EUR/USD1.1 pipsTargetno window stated
GBP/USD1.1 pipsTargetno window stated
EUR/GBP1 pipsTargetno window stated
USD/JPY1.4 pipsTargetno window stated
AUD/USD1.2 pipsTargetno window stated
USD/CAD1.2 pipsTargetno window stated
AUD/JPY1.4 pipsTargetno window stated
EUR/JPY1.4 pipsTargetno window stated
USD/SGD1.8 pipsTargetno window stated

The averages of the brokers that publish one are set out on the page explaining how we calculate our statistics.

ThinkMarkets quotes the target spreads above in pips, and our forex spread betting guide explains what that means for your stake per point on the main pairs.

Guaranteed Stops At ThinkMarkets

ThinkMarkets has not confirmed whether guaranteed stop-loss orders are available on its spread betting account, so we leave the question open rather than answer it from a competitor’s terms. A guaranteed stop closes your trade at the level you set even when the market gaps through it, which an ordinary stop does not.

Our guide to stop-loss order behaviour covers how the order type behaves in a gapping market.

The Platforms You Can Use At ThinkMarkets

ThinkMarkets runs its own platform alongside third-party software, and the list on our summary table below is the set we have confirmed carries the spread betting account. The guaranteed stop is on its own platform rather than across all of them, which is worth knowing if you were planning to trade this account elsewhere.

ThinkMarkets lists its app as “ThinkTrader” on both stores, and our comparison of UK spread betting apps sets out each broker's platform list from its own UK site.

Our comparison page lists the fourteen spread betting platforms ranked by score on the attributes we can evidence.

ThinkMarkets Versus IG And OANDA

ThinkMarkets takes the first column.

ThinkMarkets in the first column, against the brokers ranked either side of it, on the figures our reviews record.
FigureThinkMarketsIGOANDA
Spread Bet Score82/10083/10080/100
Our ranking5 of 144 of 14joint 6th of 14
Nine-pair average spreadNo nine-pair figureNo nine-pair figureNo nine-pair figure
EUR/USD spread1.1 pips target0.85 ptsfrom 0.6 pips
GBP/USD spread1.1 pips target1.4 ptsNot published
Minimum deposit£0£250£0
Guaranteed stopsNot confirmedYesYes
PlatformsThinkTrader, MT4, TradingViewWeb-based platform, Mobile trading app, MetaTrader 4, ProRealTime, TradingViewOANDA web, OANDA mobile, TradingView, MetaTrader 4

ThinkMarkets Versus FxPro

ThinkMarkets against FxPro, on the same figures the ranking table uses. This account does not sit either side of ThinkMarkets in our ranking, so the pair is a named comparison rather than one the ranking picked, and every cell is a field each rival’s own review renders in the same form. ThinkMarkets takes the first column.

ThinkMarkets in the first column, against a rival named by this page, on the same figures the ranking table uses.
FigureThinkMarketsFxPro
Spread Bet Score82/10030/100
Our ranking5 of 1414 of 14
Nine-pair average spreadNo nine-pair figureNo nine-pair figure
EUR/USD spread1.1 pips targetNot published
GBP/USD spread1.1 pips targetNot published
Minimum deposit£0Not stated
Guaranteed stopsNot confirmedNo
PlatformsThinkTrader, MT4, TradingViewFxPro Edge, FxPro App

ThinkMarkets Data Log

Each row of this log is one dated read on ThinkMarkets, giving the date and what was read.
DateWhat was read
Criterion scores read from our master scoring sheet.
FCA register entry read directly: TF Global Markets (UK) Limited, FRN 629628, authorised.
We read its own UK site: target spreads on nine of the nine pairs and no average, typical or fixed figure.
Demo account terms read from ThinkMarkets's own page.

What Other Review Sites Say About ThinkMarkets

How Popular Is ThinkMarkets In The UK?

ThinkMarkets is searched too rarely in the UK for month-on-month change to be meaningful: 680 branded searches in September 2026, 13th of 14.

13of 14Search interest rank
680
Brand searches, September 2026
n/a below 1,000
vs August 2026
40
Login searches
0.6%
Share of all searches

Source: Google search volume, the UK, September 2026.

These are ThinkMarkets’ ratings on the platforms below, each read on the date shown and stated in that platform’s own scale.

ThinkMarkets rated on each third-party platform, with the rating scale, the volume of ratings and the date we read it.
Platform Rating Volume Read on
Trustpilot 3.5 out of 5 539 reviews 1 Oct 2026
Apple App Store 4.6 out of 5 418 ratings 1 Oct 2026
Google Play 4 out of 5 7.05K ratings 1 Oct 2026
TradingView 4.6 out of 5 2,965 reviews 1 Oct 2026
ThinkMarkets’ Trustpilot profile, read 1 Oct 2026: 3.5 out of 5
ThinkMarkets’ Trustpilot profile, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
ThinkMarkets’ Apple App Store listing, read 1 Oct 2026: 4.6 out of 5
ThinkMarkets’ Apple App Store listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
ThinkMarkets’ Google Play listing, read 1 Oct 2026: 4 out of 5
ThinkMarkets’ Google Play listing, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.
ThinkMarkets’ TradingView profile, read 1 Oct 2026: 4.6 out of 5
ThinkMarkets’ TradingView profile, captured 1 Oct 2026. We re-read these ratings every month, so the figure in the table is the one the platform displayed on that capture date.

ThinkMarkets At A Glance

Key facts about ThinkMarkets: its FCA-regulated entity, minimum deposit, spread bet platforms, markets, inactivity fee and guaranteed stops.
🗺️ FCA regulated TF Global Markets (UK) Limited (FRN 629628)
💰 Minimum deposit £0
📊 Spread bet platforms ThinkTrader, MT4, TradingView
💱 Inactivity fee £10 a month once an account has had no trading for 180 days (positive balances only)

What You Can Bet On

Two kinds of figure sit in this list and the difference matters. An unmarked row is a total ThinkMarkets publishes about itself. A row marked † is our own count, and the note under the list says how and when we made it.

  • Forex pairs: 38
  • Indices: 18 †
  • Commodities: 3 †

† Our own count, made on 22 Sep 2026 from the instrument list ThinkMarkets publishes on its own site. ThinkMarkets states no total for these markets, so the figure moves whenever it adds an instrument and we have not counted again.

Our spread betting markets guide covers what an instrument count does and does not tell you about an account.

ThinkMarkets Pros And Cons

Pros

  • No minimum deposit

Cons

  • Publishes Target Spreads Only
  • Minimum stake not confirmed

Your Experience With ThinkMarkets

If you have traded with ThinkMarkets, tell us what a new customer should know. Submissions are read by the team. Only reviews we can verify are ever published, and none are published yet. Nothing you enter here appears on this page.

Your rating of ThinkMarkets

1 is poor, 5 is excellent.

Markets you traded

Reviews are never paid for and never edited for a broker.

ThinkMarkets Spread Betting FAQs

Which Company Do You Contract With When You Spread Bet At ThinkMarkets?

Spread bets at ThinkMarkets are placed with TF Global Markets (UK) Limited (FRN 629628). The brand name appears nowhere in the authorised name. The name in your account terms is the one to match against the register.

Does ThinkMarkets Offer Guaranteed Stop-Loss Orders?

ThinkMarkets added guaranteed stops to ThinkTrader on 11 Feb 2026. Its UK pages describe them for CFD trades.

Does ThinkMarkets Have Low Spreads?

On the nine pairs it publishes a target on every one, which is a different thing from a price. Targets are aims rather than averages or fixed charges. The table on this page shows what it publishes.

Opening A ThinkMarkets Spread Betting Account

ThinkMarkets publishes target spreads on all nine pairs rather than averages, so its cost cannot be checked against the average of the brokers that publish one.

If you came here for one market rather than for the account, our pages on spread betting on indices and gold spread betting cover how those bets are priced. Earning a living from betting does not on its own make it a trade, a boundary betting for a living and UK tax explains, and for most UK retail traders the treatment depends on your individual circumstances.

Visit ThinkMarkets

75% of retail investor accounts lose money when trading spread bets and CFDs with this provider.

Your capital is at risk. Spread betting is leveraged, so losses can exceed the amount you set out to risk on a bet. This page is not financial or tax advice.

About The Author

Justin Grossbard, co-founder of Spread Bet UK
Justin Grossbard

Justin Grossbard co-founded Spread-Bet.co.uk with Noam Korbl in 2024, and co-founded the broker comparison network CompareForexBrokers with him in 2014. He has written for Kiplinger, Entrepreneur, Finance Magnates and MoneyShow since 2022, with articles on forex and trading at MoneyShow, Finance Magnates and Kiplinger.

Updated . Updated on 9 Oct 2026: We have withdrawn the August 2026 tests of order execution, the apps and customer service, and everything drawn from them, from this ThinkMarkets review, because they could not be verified against account records; the Customer Service mark remains at 9/10, on the 26 Aug 2026 scoring sheet alone, and the score is unchanged at 82/100.