There is no live data available on ThinkMarkets at this stage. You may link a margin account if you choose, but it must be among the providers approved by ThinkMarkets. Limit: An order instruction to buy or sell a stock at a specific priceĪs with most other share trading platforms, the minimum investment is $500 per Australian company or ETF.Market to limit: A market order that converts to a limit order at the best opposing price on entry.You have the option of using a basic market order or 2 conditional orders: If you decide to sign up for a CFD account, you can trade forex, indices, commodities, metals, stock CFDs, ETF, CFDs and futures. There are no international shares and you cannot trade options You can only access Australian-listed shares and exchange traded funds (ETFs) on the ASX and Chi-X through the share trading account. CFD Islamic account: A Sharia-compliant account that offers a limited selection of currencies. CFD ThinkZero: You'll get tighter spreads using the ThinkZero account with pips starting from 0.0, though you'll need to pay $7 for forex and there's a minimum $500 deposit to open the account.CFD standard: You can open the basic account with no minimum deposit required and spreads starting at 0.4 pips.CFD demo version: A free trial version is available with $10,000 in practice funds to play with for 30 days.Share trading: Trade ASX and CHI-X shares starting at $8 a trade.There's only 1 account available for share trading and 3 account options for CFD trading, including a demo account. There's no news source available for share trading accounts and there are no broker ratings. ThinkMarkets' proprietary ThinkTrader platform (CFDs only) also offers a news service powered by financial analysis provider FXWirePro. More extensive educational material is offered once you sign up. ThinkMarkets has a good selection of material for new traders, with training and basic how-to guides. You can access live chat, email and phone support 24/7. Being registered on the ASX CHESS system means that you can track all your holdings under one identification number (HIN) rather than multiple reference numbers across different share registries. Shares are CHESS-sponsored under your personal HIN, meaning your ownership of the shares is kept on record by the ASX. While the registration process can take up to 2 weeks with some brokers, you can sign up for a share trading account on ThinkMarkets within just a few minutes. Importantly, ThinkMarkets doesn't charge any monthly account fees, subscription fees or inactivity fees if you don't place any trades within a certain time frame. Low feesīrokerage starts at $8 for ASX-listed stocks and ETFs, which is on the lower end of the scale. The main downside is that it does not include live pricing, even at an extra cost. While minimal, it covers most of the basic requirements you look for in a share trading app, including conditional orders, watchlists, stock alerts and portfolio tracking. ThinkMarkets has an easy-to-navigate and clean mobile share trading app. In order to trade CFDs and forex, you'll need to apply for a new CFD account however, you can switch between the 2 accounts under the same login. The ThinkMarkets share trading account offers Australian shares and exchange traded funds (ETFs) listed on the Australian Securities Exchange and Chi-X. The company is still owned and operated by its co-founder Nauman Anees.Īlthough it has traditionally been a forex and CFD broker, it launched a share trading option in Australia in August 2020 under the "Cash Equities" platform. ThinkMarkets is an online share trading, forex and CFD broker headquartered in London, England with offices located in Melbourne, Australia. No live streaming (live prices only at refresh).Must switch accounts to trade CFDs/forex.
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