ThinkMarkets Reviews and Terms

Despite the change in the brand name, ThinkMarkets operates under the same company, TF Global Markets, registered in Australia and the UK, licensed by both the ASIC and the FCA in Australia and UK respectively. When comparing ThinkMarkets to other industry-leading brokers like IC Markets, Axi, and Vantage Markets, it stands out in several areas. ThinkMarkets offers competitive spreads in forex and commodities, a high level of regulatory oversight, and strong user ratings. While it may not have the lowest crypto spreads, its overall cost structure remains attractive. The broker’s high web traffic and established presence since 2010 further enhance its credibility and popularity among traders.

Also, they have an FAQ page where you can find all answers to your questions. With the UK entity, you can have £1 Million Insurance on top of FSCS £85,000 protection. For the EU entity, segregated funds and Investor Compensation Fund (ICF) protection is in place. I told you a bit about the ThinkMarkets regulations in the previous section, but I want to zoom in on the various regulations the broker has.

Eightcap requires a minimum deposit of $100 before you can open an account and start trading. To open a trading account with ThinkMarkets, you’ll need to make an initial minimum deposit of $50. I started with 10,000 dolars a month ago, made a few fantastic trades, and yesterday I made a withdrawal for 44k of my profits, and within less than 24hours the money is in my bank account. Making the right choice of broker and platform will help you trade better and combined with experience, tools, research and a helping of luck your trading adventure could take you places you only ever dreamed of. There are no contracts or mandatory renewal obligations tied to our services. Payments are processed automatically using the method you’ve selected—Credit/Debit Cards, PayPal, Skrill, or Coingate for Bitcoin and other cryptocurrencies—if you opt for subscription-based billing.

The fee structure is also favorable, with spreads starting from just 0.4 pips, and for the commission-based account 0.0 pips+$3.5 per side. ThinkMarkets is a good choice for beginner traders for a number of reasons. Our online forex broker reviews include broker ratings and detailed analysis, broken down into various sections such as, spreads, platforms, trading fees, account features, and more. Based on analysis and research, our fx reviews provide traders with the broker information they need to start their journey into forex. 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. All ThinkMarkets account types can be converted to swap-free accounts with no additional fee.

Fantastic broker

Trade on a global scale with 4,000 instruments available across global markets. Enjoy lower trading costs and potential higher returns with our tight spreads. Had bad service, struggled to get your money back or some other action which you believe isnon compliant? Tell us and if we have the right information, we will actively support your case through mediation with the broker. Our services are provided on a month-to-month basis, allowing you the freedom to decide how you use our services without any long-term contracts. Whether you’ve paid in advance for multiple months or choose to go month by month, you’re always free to renew or cancel without any penalties or obligations.

Generally, the ThinkMarkets fees are competitive and transparent. Below is the breakdown of ThinkMarkets’ cost structure, concentrating both on the main fees and on additional ones, that can be included in the trading costs. With its advanced technology, global regulatory standing and establishment also customer-centric service model, ThinkMarkets is competitive trading provider with quite quality conditions almost at every point we look at.

To claim the bonus, traders need to open their account and verify their credentials, following which a minimum deposit of 250 units is required. Once the initial deposit is made, the additional bonus of 150 USD or GBP is applied to the account. The maximum amount to claim the bonus for is 500 units, which entitles traders to 250 GBP or USD in the welcome bonus. ThinkMarkets offers various levels of deposit insurance depending on the regulatory jurisdiction. In the UK and Cyprus, client funds are protected by investor compensation schemes that cover a portion of the deposits if the broker fails.

Desktop Trading Platforms

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1. It provides a secure and low-risk environment for trading forex and CFDs.
2. It was followed by the Launch of ThinkInvest in 2017 when it also acquired Trade Interceptor.
3. Traders also get a 15% discount on Beeks VPS on opening a live account with ThinkMarkets.
4. The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe.
5. With offices in areas as far afield as the Asia-Pacific, Middle East, North Africa, Europe, South America and South Africa, ThinkMarkets is a global organization.
6. Autochartist is one of the best technical analysis tools on the markets, and ThinkMarkets does well to offer this tool to its clients.

ThinkMarkets holds 2 global Tier-2 licenses, while Eightcap holds 0. We empower traders with the latest technology across a wide range of financial markets on our award-winning trading platform, ThinkTrader. When it comes to funding options, Think Markets employs a variety of means to fund trading accounts securely and easily. Some of these deposit and withdrawal methods include bank wire, credit & debit card, and Skrill.

1. The company boasts a powerful internally developed trading platform called ThinkTrader mobile, a highly regarded trading tool, for which it received recognition as “Best Mobile Platform” at the FOREX Magnates Wards in 2012.
2. Chris manages the relationships with our partners to provide the best Forex trading experience possible for our users.
3. For MT4 and MT5 platforms and the account types based on these platforms, the instrument range is comparatively limited.
4. Even stocks and bonds can depreciate quickly during market downturns, and total loss can ensure if the issuing company fails.
5. However, the payments we receive can influence the products, companies, or services we highlight and evaluate.
6. ThinkMarkets provides good research tools that are suitable for traders of different levels through its ThinkTrader platform.

Do I need to set up or configure my trading VPS?

ThinkMarkets customer support is excellent compared to other brokers. Alongside a basic Economic Calendar, ThinkMarkets has a Market News section featuring a stream of market analysis. This analysis is updated every few days and is of high quality, though we would like to see daily market updates across the major pairs.

Various trading accounts and safe payment methods are offered to meet all trading preferences. The are committed to offer real-time and accurate price, fed by Thomson Reuters, via high tech and ultra fast systems and platforms to ensure that the orders are placed on the exact price that traders desire. ThinkMarkets offers five base currencies, which is average compared to other brokers, but it does not offer accounts denominated in INR.

In addition, the MQL5 scripting language is more efficient than its precursor and MT5 has more advanced charting tools than MT4. Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading.

How Safe is Trading with ThinkMarkets?

Whether your local machine restarts or your internet connection drops, your trading activities remain uninterrupted on the VPS. ThinkMarkets cannot open client accounts for residents of several countries, including the United States and Canada. This is due to regulatory restrictions in these jurisdictions.

Both the trading platforms are compatible across Windows and MAC as well as mobile trading apps, supported on both Android and iOS. The ThinkTrader trading platform is a multi-asset trading platform that is a proprietary trading platform allowing traders to trade on any type of market, from Forex to spread betting and CFD trading. Traders can trade on various instruments including indices, precious metals and energy CFDs, while spread betting includes a mix of forex, indices, precious metals and energy. The customer support is active, https://traderoom.info/think-markets-introduction/ and deposits and withdrawals are swift too. Also, there are plenty of trading account types and platforms.