UPI Payment Method on ThinkMarkets 2025: Availability, Features, Pros, Cons, Other Methods, and More

ThinkMarkets is an Australian-based forex and CFD broker that offers online trading services globally. The broker is known for low spread (starting from 0.4 to 0.6 pips), high leverage ( as high as 1:2000), fast and reliable execution, and strong regulatory compliance. ThinkMarkets is regulated by top-tier authorities such as ASIC, CySEC, FMA, JFSA, FSA-S, FSCA, FCA, and DFSA. The broker provides access to 4000+ trading instruments, including Forex, Futures, Commodities, Indices, ETFs, Crypto, and Stocks.

ThinkMarkets supports 15+ payment methods, including Swift, Cryptos, VISA, Mastercard, Apple Pay, Google Pay, NETELLER, Skrill, UPI, Indian Net Banking, MPesa, Mobile Money Ghana, Bank wire, Paypal, SEPA, Bpay, and more for flexible deposits and withdrawals. Among these payment methods, UPI is a preferred option for traders who value speed, security, and ease of use. UPI allows for instant deposits and fast withdrawals, making it a convenient choice for managing trading funds efficiently.

In this article, we will explore the UPI payment method on ThinkMarkets, including its features, benefits, fees, and how to use it for deposits and withdrawals.

Does ThinkMarkets Accept UPI?

Yes, ThinkMarkets accepts UPI for both deposits and withdrawals. Traders can fund their accounts and withdraw profits securely using UPI. UPI (Unified Payments Interface) is known for its instant, secure, and low-cost transactions in India. It is widely used in online trading, offering 24/7 availability, direct bank transfers, and seamless mobile integration. 

However, withdrawals can only be made to UPI accounts registered in the same name as the trading account or a joint account.

In addition to UPI, ThinkMarkets supports over 10 payment methods, including Swift, Cryptos, VISA, Mastercard, Apple Pay, Google Pay, NETELLER, Skrill, UPI, Indian Net Banking, MPesa, Mobile Money Ghana, Bank wire, Paypal, SEPA, Bpay. So a trader can choose any of the deposit methods and can make deposits and withdrawals.

Key Features of the UPI Payment Method on ThinkMarkets

• Deposit Time: Instant Deposit – Funds are reflected in your trading account immediately, enabling quick account funding.
• Withdrawal Time: Instant typically within 4 hours. 
• Deposit & Withdrawal Fees: ThinkMarkets does not charge any fees for deposits & withdrawals
• Minimum Deposit: ThinkMarkets minimum deposit is $50
• Maximum Deposit:Unlimited
• Available Currencies: ThinkMarkets accepts all currencies such as AUD, EUR, CHF, GBP, INR, and USD

Pros & Cons of Using UPI with ThinkMarkets

Pros:

• Instant Deposits – UPI (Unified Payments Interface) allows for real-time deposits, meaning your funds are instantly available in your ThinkMarkets account, enabling you to trade without delay.
• Secure Transactions – UPI uses advanced encryption and two-factor authentication (2FA) to secure transactions, ensuring your payment details and financial information remain protected.
• No Additional Fees – UPI transactions are generally free of charge, making it a cost-effective option for traders looking to fund their ThinkMarkets account without incurring extra fees.
• Mobile-Friendly – UPI is widely accessible through mobile banking apps, making it a convenient option for traders who want to manage their deposits on the go.
• Widespread Availability in India – UPI is a popular and widely used payment method in India, making it a great choice for traders located in this region.

Cons:

• Limited to Indian Banks – UPI is primarily available for Indian traders and can only be used with Indian bank accounts. This limits its availability for international traders.
• Withdrawal Restrictions – While UPI allows for easy deposits, it may not always be supported for withdrawals from ThinkMarkets, requiring you to use an alternative method for withdrawing your funds.
• Bank-Specific Limitations – Some banks may have transaction limits or restrictions on UPI payments, which could affect the size or frequency of deposits you can make into your ThinkMarkets account.
• Requires UPI-Enabled Bank Account – To use UPI, you must have a bank account linked to a UPI-enabled payment app, which may not be available to all traders, particularly in regions outside India.
• Not Universally Accepted – UPI is not yet accepted globally, so its use may be limited to specific regions and trading platforms.

How to Deposit Funds via UPI on ThinkMarkets

To deposit funds via UPI into your ThinkMarkets trading account, you need to log in to My Account, go to the “Funds” tab, select “Add Funds”, choose UPI as your deposit method, and follow the on-screen instructions to complete the transaction. UPI is a secure and convenient payment option, allowing traders to fund their accounts instantly.

Step 1: Log in to Your ThinkMarkets Account

Visit the ThinkMarkets website and log in to your trading account using your email and password. If you don’t have a ThinkMarkets account yet, you must register and verify your identity before depositing funds.

Step 2: Go to the Deposit Section

Once logged in, go to the “Funds” or “Deposit” section in the ThinkMarkets My Account dashboard. This is where you will find all available payment options. From the list of deposit methods, select UPI as your preferred payment method.

Step 3: Enter the Deposit Amount

Next, enter the amount you want to deposit. ThinkMarkets allows UPI deposits in multiple currencies, but it’s best to deposit in the same currency as your trading account to avoid UPI’s conversion fees. ThinkMarkets does not require any minimum deposit. However, the broker recommends a minimum deposit of $200 or equivalent for optimal trading. 

Step 4: Complete the UPI Transaction

After entering the deposit amount, click “Proceed”, and you will be redirected to UPI’s secure payment gateway. Here, you must log in to your UPI account and authorize the payment. Make sure that your UPI account has sufficient funds or is linked to a valid bank account or credit card for a smooth transaction. Once confirmed, UPI will process the payment instantly.

Step 5: Funds Credited Instantly

Once the transaction is successfully completed, the funds will be instantly credited to your ThinkMarkets trading account. You will receive a confirmation email from both ThinkMarkets and UPI regarding the transaction status. The funds will be available for trading immediately.

To learn more about deposits on ThinkMarkets, including different payment methods, currencies, and jurisdictions, you can read our ThinkMarkets Deposit Guide

How to Withdraw Funds from ThinkMarkets to UPI

To withdraw funds from your ThinkMarkets trading account to UPI, log in to My Account, navigate to the “Funds” tab, select “Withdraw Funds”, choose UPI as your withdrawal method, and follow the on-screen instructions to complete the process. Withdrawals via UPI are processed efficiently, ensuring a secure and convenient transaction for traders.

Step 1: Log in to Your ThinkMarkets Account

Visit the ThinkMarkets website and log in to your account using your registered email and password. Ensure that your account is fully verified before proceeding with the withdrawal request.

Step 2: Go to the Withdrawal Section

Once logged in, go to the “Funds” or “Withdraw” section in the ThinkMarkets My Account dashboard. Here, you will find all available withdrawal options. Select UPI as your preferred withdrawal method.

Step 3: Enter the Withdrawal Amount

Enter the amount you wish to withdraw from your trading account. Ensure that your UPI account supports the currency you are withdrawing to avoid any potential currency conversion fees. ThinkMarkets does not charge withdrawal fees for UPI transactions, but UPI may apply its fees based on your account type and location.

Step 4: Confirm and Submit Your Withdrawal Request

After entering the withdrawal amount, click “Proceed” to confirm your request. ThinkMarkets will process your withdrawal and send the funds to your linked UPI account. Make sure that your UPI account details are correct to avoid delays.

Step 5: Receive Your Funds in UPI

Once your withdrawal request is approved, the funds will be transferred to your UPI account. Typically, UPI withdrawals from ThinkMarkets are processed within 24 hours. However, it may take additional time for UPI to reflect the funds in your balance, depending on your UPI account status and verification.

To learn more about withdrawing funds from ThinkMarkets, including available payment methods, supported currencies, and jurisdiction-specific policies, read our ThinkMarkets Withdrawal Guide

Which Countries Can Use UPI for Deposits and Withdrawals on ThinkMarkets?

ThinkMarkets supports UPI for deposits and withdrawals in India. Traders from India can use UPI to fund their accounts securely and efficiently. However, UPI is not available in other regions, as it is specifically designed for the Indian market. Traders from outside India will need to explore alternative payment methods offered by ThinkMarkets.

Who is the UPI Payment Method Suitable For?

The ThinkMarkets UPI payment method is best suited for:

✔ Traders in India who prefer a fast and seamless payment option. UPI (Unified Payments Interface) allows for instant bank transfers, making it a convenient and efficient way to deposit and withdraw funds for ThinkMarkets traders in India.

✔ Local traders seeking a low-cost and accessible payment method. UPI transactions typically have minimal fees and are available through a wide range of Indian banks, making it a cost-effective and widely accessible choice for funding ThinkMarkets accounts.

✔ Investors who want a secure and mobile-friendly payment solution. UPI is supported by mobile apps, enabling ThinkMarkets users to make quick transactions on the go, ensuring they can manage their funds anytime and anywhere.

✔ Traders looking for a simple and easy-to-use service. UPI is user-friendly and widely recognized in India, providing a straightforward payment method without the need for third-party services or digital wallets.

✔ Traders seeking to avoid traditional banking delays. UPI transactions are processed in real-time, allowing for faster deposits and withdrawals compared to other bank transfer methods, ensuring a smooth trading experience with ThinkMarkets.

What Other Payment Methods Are Available at ThinkMarkets?

Besides UPI, ThinkMarkets offers multiple payment options, including:

• SWIFT – A secure option for international bank transfers.
• Cryptos – Supports cryptocurrency deposits and withdrawals.
• Visa – A widely accepted option for fast and secure payments.
• Mastercard – Reliable for instant online deposits.
• Apple Pay – A quick and secure payment method for Apple users.
• Google Pay – A fast and convenient mobile payment solution.
• Neteller – A trusted e-wallet for seamless transactions.
• Skrill – An efficient online payment method for forex traders.
• Indian Net Banking – A direct transfer option for Indian traders.
• M-Pesa – A mobile money service available in select African regions.
• Mobile Money Ghana – A secure payment method for Ghana-based traders.
• Bank Wire – Available for domestic and international transactions.
• PayPal – A widely used e-wallet for secure payments.
• SEPA – A bank transfer option for European traders.
• BPAY – A convenient payment solution for Australian traders.

For a complete overview, check our detailed guide on ThinkMarkets Payment Methods.

Frequently Asked Questions (FAQs)

What is ThinkMarkets?

Established in 2005, ThinkMarkets is an Australian-based forex and CFD broker that offers online trading services worldwide. It is a global brand regulated by multiple authorities, including ASIC, CySEC, SVG, FSA, and FSCA. The broker provides traders access to more than 10,000 trading instruments on its four platforms: MT4, MT5, IREAA, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, and more. ThinkMarkets is a low-cost forex broker with spreads as low as 0.0 pips. To learn more, you can read our review about ThinkMarkets.

What is UPI?

UPI (Unified Payments Interface) is a real-time payment system developed by the National Payments Corporation of India (NPCI). Launched in 2016, UPI allows users to link multiple bank accounts to a single mobile application and facilitate instant money transfers between accounts using their smartphones. It is one of the most popular and widely used payment methods in India.

UPI enables a variety of financial transactions, including peer-to-peer transfers, bill payments, merchant transactions, and online shopping payments. The platform works 24/7, including on holidays, and supports instant settlements, making it highly efficient. Transactions are conducted using UPI IDs and require two-factor authentication for security. UPI has played a significant role in driving financial inclusion in India by providing a convenient, fast, and secure way to make payments, even for individuals without traditional banking services.

Does ThinkMarkets Charge Any Fees for UPI Deposits?

No, ThinkMarkets does not charge deposit fees for UPI transactions. However, UPI may apply its own transaction or conversion fees.

How Long Does It Take to Process a deposit and withdrawal on ThinkMarkets?

The deposit on ThinkMarkets is instant. Withdrawals via UPI are typically processed within 24-48 hours by ThinkMarkets. However, the final processing time depends on UPI’s internal system.

Is There a Minimum or Maximum Deposit Limit for UPI on ThinkMarkets?

ThinkMarkets minimum deposit is $50. You can deposit as low as possible. The maximum leverage of ThinkMarkets is unlimited. This means you can deposit as much as you like via UPI.  

Can I use UPI to make deposits and withdrawals in different currencies?

Yes, UPI supports multiple currencies. However, conversion fees may apply if your trading account currency differs from your UPI balance.

Can I withdraw funds via UPI if I deposited with another method?

No withdrawals must be made using the same payment method used for deposits due to anti-money laundering regulations.

Final Verdict

ThinkMarkets is a forex, CFD broker, and online trading platform that provides traders with a fast, secure, and convenient way to fund their trading accounts and withdraw profits using UPI.

ThinkMarkets’s integration with UPI allows traders to make instant deposits and fast withdrawals with minimal fees. Known for its strong encryption and global accessibility, UPI is an excellent choice for traders who prefer e-wallets over traditional banking methods. However, withdrawal fees may apply depending on the currency and region.

Best For: Traders who need instant deposits, fast withdrawals, and a secure e-wallet solution.

Not Ideal For: Traders who prefer bank transfers or those in regions where UPI is not supported.

UPI’s efficiency and ease of use make it a reliable payment method for ThinkMarkets traders. Whether you’re a scalper, day trader, or long-term investor, UPI provides a seamless way to manage your trading funds with speed and security.