Follow these rules to be safe!

The forex and finance industry is wrought with elaborate scams that has only one purpose - to separate you from your hard earned money as quickly as possible.

Victims let ignorance and greed become their driving force in these matters. Remember: If it sounds too good to be true, then it most likely is a scam.

Adhering to a set of rules is the best way to ensure that you do not become a victim.

  1. Always conduct your own due diligence on any brokerage before you deposit any monies with them. We will be releasing an article soon on what to look for.
  2. Do not accept any bonuses or insured trades.
  3. Do not give anyone else access to your account, nor should you allow anyone else to trade your account, inclusive of any account managers associated with the brokerage.
  4. Do not deposit more than your intended initial principal amount.
  5. Save / print all written correspondence with your brokers and place it in a file in a safe place.
  6. Write down a brief of any conversations you have with your broker / account manager. Make sure you note down the exact time, the date, and the full name of the person.
  7. Do not ever place 'broker recommended' trades on a live account.
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In accordance with the 'Anti-Money Laundering' (AML) legislation, you do have to submit personal ID. This is to verify your identity and residency. This may include:

  • Scanned copy of your passport or drivers license.
  • Scanned copy of the front and back of credit cards that was used to make a deposit (Only if a CC was used). Please note. You can block out the security numbers on the rear + block out the middle eight numbers on the front.
  • You will have to download, sign and submit a declaration form.

You will not be able to make withdrawals without fulfilling the AML requirements.

Think Markets is one of only a few multi-regulated brokers in the world. They are a market maker with significant liquidity.They meet all of our regulatory, feed, dispute resolution and platform criteria.

Regulated? Yes:

Australia -

  • TF Global Markets (Aust) Pty Ltd
  • Australian Financial Services License (AFSL): 424700
  • Contact #: 1300 390 515
  • Financial Services Guide

UK -

  • TF Global Markets (UK) Ltd
  • FCA license: FRN629628
  • Contact: +44 203 514 2374

South Africa -

  • TF Global Markets (South Africa) Pty Ltd
  • FSP License: 49835
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All client funds are segregated from operational accounts and held in large commercial banks: Barclays Bank, National Australia Bank, and The Commonwealth Bank.

Platforms offered: MT4 and Trade Interceptor (App)

Mobile Trading offered: Yes.

Server Time: Genuine New York Close feeds. GMT +3.

Server Location: London and Hong Kong.

MT4 for Mac: Available.