ThinkMarkets in India — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%65
- Round-turn cost20%90
- Safety20%0
- Payouts15%80
- Track record10%no data
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- TF Global Markets Int Ltd
- Founded
- 2010
- Retail leverage
- 500IN
- Round turn
- 7 USDIN
- Currencies
- USD, EUR, GBP, AUD, CHF; no INR base account, so rupee deposits incur conversion.
- Swap-free account
- yes
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Licence check
Open an account with ThinkMarketsThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards India residents
- TF Global Markets Int Ltd
- Local standing
- Offshore and NOT locally authorised; ThinkMarkets was added to the RBI Alert List of unauthorised forex platforms. Retail overseas FX/CFD trading is restricted under FEMA.
- Licence as the register states it
- TF Global Markets Int Ltd holds Seychelles FSA licence SD060; not SEBI-registered.
- Leverage for this entity
- Up to 1:500 offshore, but such trading by residents is not permitted under Indian FEMA rules.
- The firm behind it
- Founded 2010 (TF Global Markets group), HQ London/Melbourne; multi-regulated CFD/forex broker.
- What we hold against it
- On the RBI Alert List of unauthorised forex trading platforms; retail forex/CFDs on non-INR pairs restricted under FEMA.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Indian residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore and NOT locally authorised; ThinkMarkets was added to the RBI Alert List of unauthorised forex platforms. Retail overseas FX/CFD trading is restricted under FEMA.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against India market median(priced from 65 of 90)
Medians run over the 65 of 90 brokers that publish a price for India, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Standard (min ~USD 50), ThinkZero (min USD 500), ThinkTrader account - offered offshore only. The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where ThinkMarkets sits in the India base(90 brokers)
Round-turn cost, USD (65 of 90 priced)
Median 7 USD · range 2-18 · this broker 7 USD · 25 of 90 brokers do not publish it
Minimum deposit, USD (16 of 90 priced)
Median 15 USD · range 0-1000 · this broker 50 USD · 74 of 90 brokers do not publish it
Retail leverage (49 of 90 with a India figure)
Median 1:500 · range 20-5000 · this broker 1:500 · 41 of 90 brokers do not publish it
Withdrawal time published (90 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
Bank/wire, Visa/Mastercard, Skrill, Neteller;
- Wire
- Visa
- Mastercard
- Skrill
- Neteller
- Account currency
- USD, EUR, GBP, AUD, CHF; no INR base account, so rupee deposits incur conversion.
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(12 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(5 platforms)
- MT4
- MT5
- ThinkTrader
- TradingView
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.4 |
| MT5 | — | 0.4 |
| ThinkTrader | — | 0.4 |
| TradingView | — | 0.4 |
| All instruments | 4000 | — |
138 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard, Pepperstone no minimum deposit, Trade Nation Two live tiers - lower-leverage and 132 more.
Identical for every row: Leverage 500 IN.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 4.3 | 539 |
Share of reviewers in India: — The platform does not publish it.
Pros and cons(4 for and 5 against, each tied to a figure on this page)
- Withdrawal in 24 h, one of 74 of 90 brokers here that publish a time
- Swap-free account available
- Round-turn cost 90 of 100, its strongest of 6 scored axes
- 4 platforms: MT4, MT5, ThinkTrader, TradingView
- No India authorisation on file: the entity that onboards you is licensed elsewhere
- A regulator warning is on file against this broker
- Min deposit 50 USD, over the India median 15
- The published 1:500 comes from the group's offshore entity, not from the India one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in India(6 of 90 scored in India)
- Round turn, USD
- 9IN
- Min deposit, USD
- 25 groupIN
- Leverage
- 1000IN
- Rank in this country
- #12
- Round turn, USD
- 6IN
- Min deposit, USD
- 50IN
- Leverage
- 500IN
- Rank in this country
- #27
- Round turn, USD
- 6IN
- Min deposit, USD
- 100 groupIN
- Leverage
- 500IN
- Rank in this country
- #1
- Round turn, USD
- 6IN
- Min deposit, USD
- 0 groupIN
- Leverage
- 2000IN
- Rank in this country
- #8
- Round turn, USD
- 9IN
- Min deposit, USD
- 100IN
- Leverage
- 200IN
- Rank in this country
- #10
- Round turn, USD
- 4IN
- Rank in this country
- #4
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a India score. Full methodology
| Axis | Weight | What is measured | ThinkMarkets |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 65 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 90 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 80 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does ThinkMarkets accept residents of India?
- No. Offshore and NOT locally authorised; ThinkMarkets was added to the RBI Alert List of unauthorised forex platforms. Retail overseas FX/CFD trading is restricted under FEMA. Onboarding entity: TF Global Markets Int Ltd
- Is ThinkMarkets licensed to serve clients in India?
- TF Global Markets Int Ltd holds Seychelles FSA licence SD060; not SEBI-registered. Checked on 09.07.2026.
- How much does one round turn cost at ThinkMarkets?
- About 7.0 USD per standard lot on EUR/USD. The median across brokers measured for India is 7.0 USD.
- What leverage does ThinkMarkets offer to retail clients in India?
- Up to 1:500. Up to 1:500 offshore, but such trading by residents is not permitted under Indian FEMA rules.
- Which trading platforms does ThinkMarkets support?
- MT4, MT5, ThinkTrader, TradingView. Instruments: 40+ forex pairs, 17 index CFDs, metals/energies, 1,500+ share CFDs, 20+ crypto CFDs.
- How can I withdraw money from ThinkMarkets in India?
- Bank/wire, Visa/Mastercard, Skrill, Neteller; local INR/UPI rails not verified at review.
- What account types does ThinkMarkets offer?
- Standard (min ~USD 50), ThinkZero (min USD 500), ThinkTrader account - offered offshore only.
- Does ThinkMarkets offer a swap-free (Islamic) account?
- Yes. ThinkMarkets offers a swap-free (Islamic) account to India residents.
Cost calculator (median of 65 priced of 90)
EURUSD round turns at the prices captured 01.10.2026. Shown in USD only: we do not publish a INR conversion because the exchange rate is not part of our data.