ThinkMarkets Close Account

Adam Rosen - Lead financial writer

Updated 01-Dec-2024

ThinkMarkets Close Account

For whatever reason you may wish to close or delete your live ThinkMarkets trading account. ThinkMarkets is a multi-asset broker that was established in 2010 and is headquartered in London and Australia. ThinkMarkets offers trading in Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, to over 500,000 clients. There are a few ways to close and deactivate your live ThinkMarkets account including online, through email and even through the post. Closing your ThinkMarkets account will take around 3 to 10 days depending on your circumstances. There are a few things you will need to check before you close your ThinkMarkets acccount as once your ThinkMarkets account is fully deactivated, any trading research and available ThinkMarkets funds or any other data that remains needs to be in your possession. Once ThinkMarkets trading platform access is lost.

What are the steps to deactivating and closing my ThinkMarkets account?

  1. Once logged into ThinkMarkets, choose "delete" or "Close Account" from the ThinkMarkets drop-down menu that is located at the very bottom of the page on the ThinkMarkets. Once you have navigated to the ThinkMarkets settings page, select the option that allows you to delete your ThinkMarkets live trading account.
  2. A pop-up will inquire as to the motivation for your decision to close your ThinkMarkets account, and it will provide you one final opportunity to change your mind. A ThinkMarkets representitive may also contact you to confirm your ThinkMarkets account closure.

It is now possible to close your ThinkMarkets account within three days, provided that all of your ThinkMarkets positions have been closed and all available ThinkMarkets funds have been withdrawn.

Although there are thousands of people who use ThinkMarkets, at some point you may want to close your ThinkMarkets account. It only takes a few clicks of a button to delete your ThinkMarkets account if you decide you've had enough of the ThinkMarkets platform and no longer want to use it.

Before you close your ThinkMarkets account, double check that all open trades have been closed and that you have withdrawn the full amount of money from your available ThinkMarkets balance.

You can terminate your ThinkMarkets account via email

You can log in to your ThinkMarkets account using the email address that you provided during the ThinkMarkets registration process in order to terminate your ThinkMarkets account. Send an email to [email protected] requesting that your ThinkMarkets account be closed. The email should contain your ThinkMarkets account deactivation and closing request.

Your ThinkMarkets Account Can Be Closed Via Telephone

you can also contact a ThinkMarkets support agent by calling =+44 203 514 2374. They will be able to assist you.

To delete your ThinkMarkets account, go to https://www.thinkmarkets.com and then follow the instructions that are provided on the ThinkMarkets website. If you have any questions or concerns about deleting your ThinkMarkets account.

Your ThinkMarkets Account Can Be Closed Via Post

You can send a letter to the ThinkMarkets head office in Level 2 2 Copthall Avenue London EC2R 7DA UK to request that your live ThinkMarkets account be closed. closing your ThinkMarkets account via post will take allot longer and you will want to know if ThinkMarkets recieved your ThinkMarkets account closing letter.

How Much Time Will It Take Before My ThinkMarkets Account Is Deleted?

ThinkMarkets requires three to ten business days to close your account, and their may be some associated fees when closing your ThinkMarkets acccount. ThinkMarkets accounts with available funded balance may take longer if you do not provide ThinkMarkets with a withdrawal method and verify your ID.

Is it possible to reactivate my ThinkMarkets account after it has been closed?

When an ThinkMarkets account is closed, it cannot be reopened under any circumstances; however, a new ThinkMarkets account can be created at any time by using a different username and email address. Your ThinkMarkets trading history and data will be wiped clean from any previous ThinkMarkets transactions that you have closed, as well as any active ThinkMarkets accounts you have had in the past.

Are Multiple ThinkMarkets Accounts Possible?

You are free to create as many ThinkMarkets accounts as you like. You will need to register with ThinkMarkets with the same name and documents as you did when you created your previous ThinkMarkets account in order to do this. You will, however, be required to create a new ThinkMarkets login name and email address for your new ThinkMarkets accounts.

What Are Some of the Reasons That People Want to Cancel Their ThinkMarkets Account?

The majority of newcomers struggle with fundamental issues such as risk management, which frequently results in significant financial losses with brokers like ThinkMarkets. People typically decide to close their trading account on ThinkMarkets because they no longer wish to participate in the ThinkMarkets platform's trading activities. Its possible you have trading accounts else where and you wish to close up ThinkMarkets or you are looking for an ThinkMarkets alternative.

Inactivity Fees for Your ThinkMarkets Account

It's possible that you have an ThinkMarkets account in which you haven't executed a live buy or sell order in a few months. If this is the case, your ThinkMarkets account may be marked and dormat and eventually locked.

Because ThinkMarkets does charge inactivity fees for ThinkMarkets dormant accounts, you should make sure to close any ThinkMarkets accounts you have with ThinkMarkets that you no longer intend to use.

Withdraw the remainder of your ThinkMarkets balance

You can take money out of your ThinkMarkets account whenever you like by using the ThinkMarkets trading platform or going to the website https://www.thinkmarkets.com.

In order to accomplish this, you will need to take any remaining money out of your ThinkMarkets broker account, which is a process that is also known as final ThinkMarkets balance withdrawal.

There is a wide variety of withdrawal methods offered by brokers like ThinkMarkets, as well as differences in the amount and speed of withdrawal speeds depending on your chosen ThinkMarkets withdrawal method.

You are permitted to withdraw funds from your ThinkMarkets account up to the value of the available funds in your ThinkMarkets account at any given time. Because you are not required to keep any money in your ThinkMarkets account, you are free to withdraw the entirety of your ThinkMarkets balance whenever you see fit. Remember that any ThinkMarkets funds that you withdraw will be put back into the same account that they came from when you made the ThinkMarkets deposit. This is the most important thing to keep in mind.

It is possible that you will be required to provide an alternative method in order to withdraw money from ThinkMarkets if your details have changed since the time that you initially deposited the ThinkMarkets funds.

When you withdraw money from ThinkMarkets, the process is not instant; rather, it typically takes at least several business days for the money to reach you. ThinkMarkets withdrawal times differ depending on the selected payment method in your ThinkMarkets dashboard.

If all of the information associated with your ThinkMarkets account is accurate, the processing of your request to withdraw funds from your ThinkMarkets account may take up to one to ten business days. The amount of time it is estimated to take to receive payment from ThinkMarkets after a withdrawal has been processed varies entirely according to your chosen method of payment and is dependent on the 3rd party payment service provider supported by ThinkMarkets.

ThinkMarkets Account Deactivation Delays

Because there is a possibility of delays when withdrawing large sums of money from an ThinkMarkets account, we recommend getting in touch with your financial institution in advance. Additional ThinkMarkets waiting time may be incurred due to the placing of a security hold on large ThinkMarkets withdrawals. Please check with your financial institution before initiating a ThinkMarkets withdrawal because the processing times associated with each ThinkMarkets withdrawal method are unique.

While your ThinkMarkets account is 'Under Review', you will still be able to withdraw funds from it; however, you will need to have funds that are eligible for ThinkMarkets withdrawal in order to complete the withdrawal process. Once your ThinkMarkets withdrawal request has been processed by ThinkMarkets and the withdrawal process has been finished, you will be notified via email that the request has been fulfilled.

It is important that you understand that you can only withdraw ThinkMarkets money into accounts that are under your own name.

Withdrawal Fees Charged by ThinkMarkets

Because 3rd party fees for ThinkMarkets international bank transfers and wire transfers can be quite high, you should make it a habit to double check whether or not this is something that will be applicable to the ThinkMarkets closing transactions you conduct.

At ThinkMarkets, the withdrawal of funds for basic transactions is free of charge. You will be subject to an additional fee by your 3rd part ThinkMarkets withdrawal method for currency conversion if you choose to withdraw funds in a currency other than US dollars (USD). The prices of the ThinkMarkets withdrawal services may shift at any time in response to shifts in the market conditions.

The majority of withdrawal requests made to ThinkMarkets are processed free of charge through common withdrawal methods like Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, BitPay.

How to Uninstall the ThinkMarkets App on Your iOS or Android Device

On your iOS or Android device when the app list window displays, touch and hold the ThinkMarkets app icon until it appears, and then pick the option to Remove App from the menu. After opening the app drawer, which is where all of your apps including ThinkMarkets are kept, you may move them to the Uninstall area (on Android) on the left side of the screen by dragging and dropping them there. From that screen, select the Delete ThinkMarkets App option to confirm that you wish to remove the ThinkMarkets application from your phone. Tap the minus sign or the X to delete ThinkMarkets applications, which is the quickest and easiest method to remove ThinkMarkets applications from your device.

ThinkMarkets should be removed from your computer if no longer needed

If you have downloaded ThinkMarkets to your PC or Mac computer you can uninstall any ThinkMarkets software and remove ThinkMarkets from your web browser.

What You Need To Do To Cancel A Request To Close Your ThinkMarkets Account

You can get in touch with ThinkMarkets customer support via e-mail, the phone, or live chat if available if you don't feel like closing your ThinkMarkets account. As long as your ThinkMarkets close account status is 'Under Review' or 'In Progress', you may cancel your ThinkMarkets account closure request by contacting ThinkMarkets customer support.

How Does The ThinkMarkets Account Compare Against Other Brokers?

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    Visit ThinkMarkets

    🀴 ThinkMarkets is Used By: 500,000
    ⚑ ThinkMarkets is Regulated by: Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Financial Sector Conduct Authority (FSCA), Financial Services Authority Seychelles (FSA), TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority FRN 629628, TF Global Markets (AUST) Limited is the holder of Australian Financial Services License number 424700, TF Global Markets (South Africa)(Pty) Ltd is an Authorised Financial Services Provider (FSP No 49835),TF Global Markets Int Limited Is authorised and regulated by the Financial Services Authority Firm Reference Number SD060

    πŸ’΅ What You Can Trade with ThinkMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals,
    πŸ’΅ Instruments Available with ThinkMarkets: 1500

    πŸ“ˆ ThinkMarkets Inactivity Fees: Yes
    πŸ’° ThinkMarkets Withdrawal Fees: No
    πŸ’° ThinkMarkets Payment Methods: Credit cards, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, Skrill, BitPay,
    πŸ’° ThinkMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, NZD, CNH

    ThinkMarkets Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

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    πŸ’΅ What You Can Trade with IC Markets: Forex, Majors, Energies, Metals, Agriculturals,
    πŸ’΅ Instruments Available with IC Markets: 232

    πŸ“ˆ IC Markets Inactivity Fees: No
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    πŸ’° IC Markets Payment Methods: Credit Cards, VISA, MasterCard, Debit Cards, Visa, MasterCard, Bank Transfer, PayPal, Neteller, Neteller VIP, Skrill, Poli, Cheque, BPAY, UnionPay, FasaPay, QIWI, RapidPay, Klarna, Electronic wallets (eWallets), Broker to Brokers, Thai Internet Banking, Vietnamese Internet Banking,
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    IC Markets Risk warning : Losses can exceed deposits

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    πŸ“ˆ Roboforex Inactivity Fees: No
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    πŸ’΅ What You Can Trade with AvaTrade: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs, IPO, Bonds,
    πŸ’΅ Instruments Available with AvaTrade: 1000

    πŸ“ˆ AvaTrade Inactivity Fees: No
    πŸ’° AvaTrade Withdrawal Fees: No
    πŸ’° AvaTrade Payment Methods: Credit cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Neteller, WebMoney, Payoneer,
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    πŸ’΅ Instruments Available with FP Markets: 100

    πŸ“ˆ FP Markets Inactivity Fees: No
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    πŸ’° FP Markets Payment Methods: Credit cards, VISA, MasterCard, Debit cards, Bank Transfer, Electronic wallets (eWallets), Neteller, BPAY, POLi, PayPal, Neteller, Skrill, PayTrust, NganLuong VN, Fasapay, Broker to Broker, OnlinePay China, Directa24, Klarna, PayTrust88, Payoneer,
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    πŸ’΅ What You Can Trade with XTB: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Pennystocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with XTB: 4000

    πŸ“ˆ XTB Inactivity Fees: Yes
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    XTB Risk warning : 76% - 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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    πŸ’΅ What You Can Trade with XM: Forex, Stock CFDs, Commodity CFDs, Minors, Majors, Exotics, Equity Indices CFD, Energies CFD, Precious Metals
    πŸ’΅ Instruments Available with XM: 1000

    πŸ“ˆ XM Inactivity Fees: Yes
    πŸ’° XM Withdrawal Fees: No
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    πŸ’° XM Account Base Currencies:

    XM Risk warning : CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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    πŸ’΅ What You Can Trade with eToro: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, UK Stocks, US Stocks, Energies, Metals, Agriculturals, ETFs,
    πŸ’΅ Instruments Available with eToro: 2000

    πŸ“ˆ eToro Inactivity Fees: Yes
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    FXPrimus Risk warning : Losses can exceed deposits

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    πŸ’΅ What You Can Trade with easyMarkets: Forex, Minors, Cryptocurrencies, Majors, Exotics, Indices, Energies, Metals, Agriculturals, Options,
    πŸ’΅ Instruments Available with easyMarkets: 200

    πŸ“ˆ easyMarkets Inactivity Fees: No
    πŸ’° easyMarkets Withdrawal Fees: No
    πŸ’° easyMarkets Payment Methods: Credit cards, MasterCard, Maestro, American Express, JCB, Astropay, Debit cards, Bank Transfer, SOFORT, GiroPay, iDeal, Bpay, Electronic wallets (eWallets), Skrill, Neteller, WebMoney, UnionPay, WeChatPay, FasaPay, STICPAY,
    πŸ’° easyMarkets Account Base Currencies: USD, GBP, EUR, CHF, JPY, SGD, AUD, CAD, CNY, CZK, HKD, ILS, MXN, NOK, NZD, PLN, SEK, TRY, ZAR

    easyMarkets Risk warning : Your capital is at risk


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