Red Flags
16
ThinkMarkets
ThinkMarkets faces serious allegations, including misrepresentation of trading tools, market manipulation, suppression of negative feedback, and unauthorized fund deductions. Clients report significant challenges with fund withdrawals and unresponsive customer support, leading to legal actions and financial penalties against the company
Quick summary on ThinkMarkets
Alleged Misrepresentation of Trading Tools: ThinkMarkets has been accused of providing misleading information about the performance of their trading tools, such as the ELM EA, leading to significant discrepancies between advertised and actual returns.
Market Manipulation Allegations: There are claims that ThinkMarkets engages in market manipulation, creating unfavorable conditions for retail traders and potentially leading to unexpected losses.
Suppression of Negative Feedback: Reports suggest that ThinkMarkets attempts to remove or obscure unfavorable reviews and negative feedback, aiming to maintain a positive public image while avoiding accountability.
Fraudulent Copyright Takedown Requests: The company has allegedly filed fake copyright notices to censor critical information and suppress damaging content about their practices.
Unexplained Fund Deductions: Clients have reported unauthorized deductions from their accounts, with significant amounts being removed without clear explanations or prior notice.
Withdrawal Difficulties: Numerous complaints highlight issues with withdrawing funds, including prolonged delays and outright denials, raising concerns about the company’s reliability in handling client money.
Unresponsive Customer Support: Users have expressed frustration over unresponsive or non-existent customer service, making it challenging to resolve issues or obtain necessary information.
Legal Actions and Financial Penalties: ThinkMarkets has faced legal actions resulting in court orders to return substantial sums to clients, indicating potential systemic issues within the company’s operations
Intel Reports
by: Milana Watson
Unresponsive customer service and no one cares about resolving issues. Not what I expect from a so-called 'reliable' platform.
by: Jorja Thompson
They manipulate the market and deceive clients into believing they can make huge profits. Definitely stay away!
by: Vienna Gonzalez
ThinkMarkets is a scam. Their withdrawal process is slow, and I had to fight to get my funds back. Terrible service.
by: Amelie Kim
This company is a joke. They advertise great tools, but they’re nothing like what they claim. Lost a lot of money!
by: Quinn Maxwell
ThinkMarkets is a nightmare. Account frozen, funds deducted without reason, and no response from customer service. Do not trust them with your money.
by: Mariah Klein
They claim to be FCA-regulated, but when I tried to withdraw my profits, they canceled $17,000, citing TOS violations without proof. Total scam!
by: Nolan Hood
ThinkMarkets took my $30,000 deposit, froze my account for months, and deducted $74,420.75 without any explanation. Can't get my money back. Stay away!
by: Olivia Young
Money vanished from my account without explanation, and customer support just ignores me.
by: Isaiah White
Every time I trade, the odds seem stacked against me. It’s as if they control the market to make sure I lose.
by: Emma James
I trusted their trading tools, but the results were nowhere near what they advertised. Feels like a scam.
by: Peyton Wells
Allegations of market manipulation and attempts to suppress negative feedback tarnish ThinkMarkets’ reputation in the trading community.
by: Spencer Dawson
Legal actions and penalties highlight serious operational concerns.
by: Naomi Black
ThinkMarkets faces accusations of misleading traders and misrepresenting tools.
by: Madeline Hughes
ThinkMarkets lured me in with promises of cutting-edge trading tools and reliable service, but it’s been nothing but disappointment. Their ELM EA software was supposed to boost my returns, but it performed nothing like they advertised. When I tried to...
Pros
Cons
by: Tyler Howard
Absolute scam! They make it impossible to withdraw your own money and ignore every email. Don’t trust ThinkMarkets with a single dollar!
by: Caroline West
ThinkMarkets – where your funds disappear faster than their customer service replies. 10/10 would recommend... if you enjoy being scammed.
by: Austin Morgan
Their platform looks professional, but the trading tools don’t perform as advertised. I faced major delays with withdrawals and poor customer service. Definitely not the transparent broker they claim to be.