The company is based in the United Kingdom and regulated by the Financial Conduct Authority . ThinkMarkets is a secure and trustworthy online broker with over ten years of experience. It provides traders with over 1,500 assets across seven categories, mostly in equity CFDs and ETFs.
The ThinkMarkets Standard account requires no ThinkMarkets minimum deposit and has similar charges for trading compared to the industry average of 12 USD per lot. While the ThinkZero account takes 500 USD, the minimum deposit provides better pricing at 9 USD per lot, which is near industry standards. Forex broker provides access to a wide range of markets, including Forex, stocks, cryptocurrencies, commodities, indices and others.
You will have the freedom to go ahead and start investing capital in your exchange-traded funds in larger capital using your trading knowledge. As your client starts making money, similar brokers can charge your fees as per your wish. Aside from the spread, there are no commission fees and ThinkMarkets withdrawal fees when trading with a Standard Account. Although average spreads are greater than with a ThinkZero trading account, Standard Accounts are a great alternative for new traders who wish to avoid complicated commission cost computations. In addition, the Standard account type may appeal to new retail traders the Standard account because it requires no initial minimum investment to trade.
Furthermore, other brokers’ services and products adhere to all the regulations and cater to the client’s minimum trade requirements using their innovative technology. If you exceed initial deposits, then you will have to follow the maximum leverage provided by the platform. This type of account provided by ThinkMarkets offers many funding methods to the traders that might vary depending on the regions where you are staying. The ThinkMarkets group ensures to provide you the best benefit on your minimum deposits, funding methods, and a good understanding of the account type before you open the account. Islamic account holders pay a $5 financing cost when trading major currency pairs, while smaller forex pairings suffer a $10 fee. Based on this data and the key features ThinkMarkets offers, a broker can feel safe and secure when partnering or trading on this site.
ThinkMarkets Broker Review
The support team is knowledgeable, and they always provide accurate and timely information. The support team is also very friendly, and they always make sure that the customer is satisfied. Overall, the customer support service at ThinkMarkets is excellent, and it is definitely one of the best in the industry. The platform has all the features you need to trade effectively, including charting, indicators, and order management. The charting package is excellent, with a wide range of studies and drawing tools.
Can a forex broker steal your money?
A broker cannot legally steal your money, just the same as your neighbor or your bank cannot legally steal your money. However, it is possible for a stockbroker to steal your money and the money from other investors. This is called Conversion of Funds. Conversion of Funds is a violation of FINRA Rule 2150.
When trading forex, you trade in anticipation of which direction one currency pair will move in relation to another. All in all, ThinkMarkets is a great broker for those looking for a reliable, user-friendly trading experience compared to many other brokers. The platform is easy to navigate, and the customer service team is always available to help with any questions or concerns.
I am especially happy to see the addition of Trading Central and Autochartist. I feel these are two of the best tools for automated market analysis. AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees. In terms of costs, ThinkMarkets is competitively priced when compared to other online brokers.
Thinkmarkets doesn’t allow trades under $500 when you already own the share. ThinkMarkets Educational ResourcesThinkMarkets’ extensive educational resources provide traders of any level with the opportunity to develop more effective trading strategies. Moreover, ThinkMarkets offers multilingual support in order to satisfy the needs of its increasingly diverse clientele. MT4 mobile users can easily manage positions, review balances, receive live news updates, and more. ThinkInvest allows experienced traders to profit off of their advanced knowledge and allows novice traders to confidently hand over their portfolios to those who are more capable than them.
ThinkMarkets Fees and Commissions
ThinkMarkets have an in-house team of experts who deliver the latest market news, daily insights and analysis. They cover detailed technical and fundamental analysis across multiple markets and trading instruments. This can be a great way to help inspire trade ideas and keep you up to speed with what i going on in the markets. ThinkMarkets features negative balance protection that’s available for all their clients except Pro account holders. This broker has risk management tools that ensure that your account balance will never go below zero.
I had told her correct their malicious changes and confirmed with her the same in writing by email. She then tells me that the system “automatically” closed out the losing trades because of margin. We cannot investigate your reported issues until you provide us with the correct details through our review process, which has been emailed to you. We have tried to contact you numerous times over email and telephone, but you have refused to speak with our representatives or schedule a time with us to call. You have also refused to follow our review process instructions which we have emailed to you.
In addition, the web trading platform and market makers typically can provide great referral and other benefits to the content creators with an excellent reputation and global outreach. Although the account opening happens faster, sometimes because of higher volume, it takes hours to open a new account. However, the platform does offer more transparency on the process that it offers as additional features to the users. Once the account is live, the trader can start investing capital and make money. There are some different rules and regulations for Australian residents.
However, once you start trading, it turns out not everything is as bright as listed. Since the broker has offices in the UK, Australia, and South Africa, these are legitimate grounds for providing financial services. However, according to ThinkMarkets reviews, they accept traders from Russia, Lithuania, UAE, Egypt, Malaysia, and more. One of the platforms, ThinkMarkets MT4, is the most reputable platform on the market. According to research, over 80% of market traders use MT4 since it has the most significant features and indicators. ThinkMarkets is no exception with the comprehensive features offered.
It allows users to trade in CFDs with this provider as they offer thousands of financial instruments like futures, commodities, brokerage, and many more to deal with. It is the best proprietary platform ThinkTrader and is legit as it provides users to trade on their platform by paying a minimal fee. It is highly regulated and receives many positive customer reviews throughout the year. ThinkMarkets is pleased to provide Trading Central’s portfolio of trading tools.
Here is a table of all the metals offered as well as their trading conditions. You can trade some of the popular indices on the market like the Dow Jones Industrial Average liteforex minimum deposit , Nikkei 225 , Nasdaq Composite Index , the Hang Seng Index , and many more. The financial index that ThinkMarkets offers is the US Dollar Index or USDINDEX.
In case of any investor accounts lose money, there is also a protection plan offered by the platform. All in all, the MT5 platform has successfully managed to integrate the latest trading tools and features to satisfy the growing needs and strategies of different traders around the globe. With the inclusion of MT5, ThinkMarkets clients have an additional trading platform to choose from. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader. Additionally, there is no account maintenance or inactivity fees.
2010 saw the launch of ThinkForex in New Zealand with an aim to improve the forex trading experience by delivering leading technology to the community. This means that for UK residents with bank accounts denominated in GBP, conversion fees will not be applied for deposits and withdrawals. However, it may still be better for traders that trade in large volumes to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made.
Allows social media trading platforms like ZuluTrade so that users can copy trades from the famous forex and CFD broker. However, many countries in the global markets support copy trading and allow advanced traders to copy the trades that they wish to. However, all trading platforms are available on web, desktop, tablet and mobile devices. Sometimes, you might see a freezing impact on trading CFDs terminals.
I was on the fence before opening an account with this broker, but their impressive insurance policy with Lloyds of London convinced me. I give them extra marks for client money protection with the extra insurance of up to $1 million. We are happy to share with you that our team is actively working on developing a web-based solution that will be live in the coming quarters. So we kindly ask you to bare with us for a couple of more months as our team brings all the best features of ThinkTrader to the web. Overall, ThinkMarkets customers can expect to receive reliable, accurate and timely support whenever they need it.
Multilingual client support is available 24 hours a day, 7 days a week via online chat, telephone or email. The friendly support team can be prompt and efficient at responding to general and technical questions. I personally still use MT4 because it was the first platform that I became accustomed to.
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MetaTrader 4 and MetaTrader 5 are third-party trading platforms developed by MetaQuotes Software. MarketsInstrumentsForex40Indices22Stocks and ETFs1552Commodities10Cryptocurrency4The markets and the number of offered instruments will depend on the account jurisdiction. ThinkMarkets offers CFDs trading services withForex, Indices, Shares & ETFs, Futures, Commodities, and Cryptocurrencies instruments. MT4 and MT5 are available as a desktop application, as a web platform and on mobile for all three account types. MT4 and MT5 are available to run any Expert Advisor, Trading Strategy or Indicator and provide signals and Copy Trading via ZuluTrade. The firm recently launched its proprietary in-house trading platform ThinkTrader, which gives the users the ability to trade on a multi-assets platform with greater functionality and execution.
I have all the screenshot, reports and messages about this issue. Last few times I tried to solve this unfair case in November, 2019 and in January, 2021 also. I sent all information as requested but I haven’t got any answer. I also tried to contact co-founder and managing director and CEO and co-founder on LinkedIn to solve this situation in the last weeks but they didn’t answer.
Typical Spread on Majors
In addition, the broker gives access to over 3,500 CFD shares and 352 ETFs for trading. You may begin trading on the world’s largest firms with a margin as low as 50% and the option to trade long and short without holding the underlying physical shares. MetaTrader 5 ThinkMarketsThinkMarkets’ offers you access to the whole spectrum of stocks; MT4 still works, but only the big stocks for each market are available. The Australian Securities and Investments Commission regulates ThinkMarkets’ Australian brokerage services based in Melbourne . As an ASIC-regulated broker, TF Global Markets Aust Limited must guarantee that customers’ monies are stored in segregated retail investor accounts. However, investor balance protection or closeout margins are not legally required.
ThinkMarkets checks the box on the most important requirements for an active trader – tight spreads, great execution, and impeccable customer support which is available 24/7. Would definitely recommend checking out their equities offering with the ThinkTrader platform in Australia too. Not happy that for asx share trading Thinkmarkets does not allow you to perform a trade for less than $500 when you already own the share. Thinkmarkets has lost brokerage from me for trades I would do because they don’t allow this function the asx allows. ThinkMarkets offers incredibly competitive spreads and commission rates. In addition, the broker’s incredibly fast and reliable execution ensures that traders can count on the quoted spreads to be accurate.
We traded the popular instrument ineach markettoget the real spreads and placed a total of 15 trades. A headline news feed runs successfully outsource software development across the top of the ThinkTrader platform. The TrendRisk Scanner sets targets for markets and gives a risk/reward figure.
ThinkMarkets is a Forex and CFD broker that offers traders access to a variety of trading platforms, including the popular MetaTrader 4, MetaTrade 5, and ThinkTrader. Most brokers provide educational and training tools to help traders understand how to use chats and platforms, how markets work, build strategies, analyze currency pairs, and what are the risks involved. Unlike other brokers that charge fees for deposits, withdrawals, and on inactive accounts, ThinkMarkets does not charge any non-trading fees.
The platform is aimed at experienced users and beginners, who can study educational materials and try trading on a demo account. ThinkForex Review offers adecent number of currency pairs, with forex spreads below the average industry benchmark.Spreads remained stable for all our trades, and executions were fast. The broker also offers share trading in Australia, which is excellent. The broker provides clients with two main account types ; the Standard Account with no minimum deposit and the ThinkZero account with a minimum deposit of $500, offering assets at lower spreads. They also provide demo accounts if you would like to test the different trading platforms and conditions before opening and funding a real account.
To trade a particular subsector in the market, you can opt to choose to invest in ETFs instead of individual stocks. The funds are managed by some of the biggest financial institutions, such as Vanguard, BlackRock, and Invesco. Margin rates vary depending on the ETF, and this ranges from 5% to 25%.
You may also have access to 11 futures contracts at ThinkMarkets, which cover a variety of underlying investment products such as commodities, stock CFDs indexes, derivative products, and VIX volatility. Make sure that you perform proper fundamental analysis on the instruments before you invest so that you can get better future results. ThinkMarkets’ indices solutions provide access to five continents’ key global stock CFDs indexes. ThinkMarkets indices feature 23 worldwide indices such as the ASX 200, Nikkei 225, and S&P 500, as well as the US dollar currency index and six more AUD-denominated indexes . ThinkMarkets is a multi-asset marketplace of ThinkMarkets offering over 3500 traded assets. Forex and CFDs are among the tradable assets accessible on ThinkMarkets.
ThinkMarkets offers a highly interactive web version of its proprietary platform; ThinkTrader. With more than 125 indicators, 50 drawing tools, 20 chart types and up to 10 watchlists, ThinkTrader Web gives traders access to high-performance tools without needing to download an app. You can open a Standard account without depositing any funds and this account is completely commission free. Standard Account holders are offered Forex spreads from as low as 0.4pips. On the Standard CFD account, Forex spreads are as low as 0.4 pips. The commissions charged on the ThinkZero accounts are also competitive.
Readers can filter the information based on markets, categories, and authors. It also includes a market sentiment indicator based on client positions. Chess is sponsored in the form of shares that are recorded under ASX or as per the Australian Financial Services Licence. ThinkMarkets is also known for offering prtrend the best ECN Brokerage services with high leverage. It holds many regulatory licenses, authenticating the platform to trade in using ECN Accounts. Although the swap rates of countries might be different than you can check by visiting their official website, the trading fees ThinkMarkets are kept minimal.