ThinkMarkets Spread Betting Review: Tax free trading on ThinkTrader & TradingView
Product Name: ThinkMarkets Spread Betting
Product Description: ThinkMarkets is a global, multi-regulated online brokerage that offers clients quick and easy access to 4,000+ CFD instruments across FX, indices, commodities, equities, and more, through its award-winning ThinkTrader platform. ThinkMarkets has offices in London, Melbourne, and Tokyo, and hubs in Asia-Pacific, Europe, and South Africa.
Is ThinkMarkets good for financial spread betting?
Yes, we rate ThinkMarkets as a good broker for financial spread betting as they are fully regulated, have competitive pricing and excellent added-value tools.
ThinkMarkets introduced spread betting on its proprietary, ThinkTrader, trading platform and TradingView, for its UK clients in 2024. The new product allows traders to speculate or bet on price movements in financial markets, without the need to take ownership of the underlying assets.
When I was testing the platform, I found the TipRank integration one of the best around, especially the economic calculation, which shows historical price action post economic data releases. A great tool if you like trading in volatile markets.
Pros
- Added value integrations
- FCA regaulted
Cons
- Limited shares on offer
- Some tools not available in spread betting account
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Pricing
(5)
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Market Access
(4)
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App & Platform
(5)
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Customer Service
(5)
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Research & Analysis
(5)
Overall
4.8ThinkMarkets has recently launched all of its spread betting products on analysis platform TradingView.
The new feature gives TradingView users access to ThinkMarkets’ range of spreading products across forex, indices and commodities.
Trading conditions are the same as on ThinkMarkets’ own proprietary platform, ThinkTrader, including spreads from 1 pip, zero commissions and fast execution speeds.
Spread betting allows traders to bet on the price movements in a wide range of financial markets – such as Forex, indices, precious metals and individual equities – without taking ownership of the underlying assets.
Instead, they speculate on whether the price of an asset will rise or fall in value over the lifetime of the bet or contract. You can view our comparison of the best spread betting platforms through this link.
ThinkMarkets users can start spread betting on TradingView by following these steps:
- Ensure your ThinkTrader is connected to TradingView
- Log in to the TradingView platform
- Navigate to the symbol search button
- Find the instrument you want to trade from the list
The Good Money Guide’s review of ThinkMarkets notes the firm is known “for its excellent trading conditions”. Its own platform offers a wide range of features, though it does not currently offer trading on UK stocks.
The most recent update comes after ThinkMarkets spead betting came to UK customers on the firm’s ThinkTrader platform in March last year.
It also follows the announcement of a partnership between ThinkMarkets and TradingView last year to improve the former’s analysis and charting capabilities.
The tie-up brought 13 distinct chart types alongside a suite of drawing tools with which to annotate and mark up charts to ThinkTrader’s web platform.
It also allows charts to be drawn over 10 different time frames and has enabled users to monitor up to 8 different charts simultaneously, using Think Trader Web.
ThinkMarkets was founded in Australia in 2010 and has offices in Europe, North America, Africa, the Middle East, and across Asia.
The firm has recently secured a licence from the Dubai Financial Services Authority (DFSA) allowing the broker to onboard clients in the UAE and provide access to ThinkTrader.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
