ThinkMarkets Forex broker review

ThinkMarkets enables traders to broaden their https://traderoom.info/think-markets-introduction/ portfolios and have new trading experiences. Most of the ThinkMarkets’ available products are on a CFD basis. Although the broker offers Stock and EFT trading, they are based on CFDs, and traders can only speculate on them and benefit from favorable market moves. ThinkMarkets’ multilingual client support team is available 24/7 via live chat, email, or phone. Clients are free to contact the support team any time they have an inquiry.

Currently, we accept a variety of payment methods, including PayPal, Skrill, American Express (Amex), Visa, and Mastercard. If you happen to overpay for any service, we’ll apply the extra amount as credit to your account. This gives you the flexibility to prepay for services if you choose. Our trading VPS systems are delivered ready-to-use, ensuring you can start your trading activities without any preliminary hassles. Upon activating your VPS, you’ll receive an email containing all the necessary details to access your server immediately. The only action required from you is logging into your MT4 account or any other trading platform you intend to use.

ThinkMarketsreview 2024: should you sign up with the broker?

We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. Deposits and withdrawals at ThinkMarkets can be made in a number of currencies which vary depending on the chosen payment provider. When creating an account, the base currencies available are AUD, CHF, EUR, GBP, JPY, CAD, ZAR, SGD, USD, and NZD but this is dependent upon which ThinkMarkets entity your account is opened with.

ThinkMarkets’ web-based platform offers a solid offering catering to both beginner and advanced traders. Its MT5 account supports automated trading with Expert Advisors (EAs), which allows for efficient algorithmic trading. The platform also provides good charting tools, a variety of drawing tools, and custom indicators for enhanced market analysis.

The broker has some favorable conditions for customers looking to start small and earn modest profits on their accounts. Fortunately, funding your account at ThinkMarkets is fast and easy – and there are a lot of payment methods. In 2010, the company started as ThinkForex, and later changed to ThinkMarkets. In 2017, ThinkMarkets acquired Trade Interceptor, the best forex trading app for its time. This company has developed a unique and high tech trading platform with ultra fast performance under simple structure, executable on MAC, Mobile and even under Web based firm.

The FSCS guarantees clients a maximum payment of £85,000 should an online broker become insolvent. ThinkMarkets has also taken out investor protection and compensation rights of up to £1 million through an insurance policy with Lloyd’s of London. The next step saw us evaluate and rank each company, relying on the hard work of 15 Arincen employees. We were very careful in ensuring the most accurate assessment possible, including taking into account different languages, as well as the various mobile-app operating systems.

ThinkMarkets – A leading mobile-first provider of CFD trading across FX, equities, indices, and more

1. On the whole, Zulutrade is an excellent social trading platform, particularly for beginners who are new to the trading space.
2. Regulation is the most important consideration when choosing a broker.
3. A tool that provides a technical market analysis from third-party industry experts.
4. For the XAU/USD the target spread is 19 cents, and for BTC/USD the spread is 12 USD which is also rather on average.

Swap rates, or financing fees, are the interest paid or received for holding a trading position overnight. Positive swap rates result in a payout, while negative swap rates incur a cost. ThinkMarkets offers competitive swap rates, with an average swap rate that is generally favorable compared to industry-leading brokers. This trading platform is offered in different formats; Mac, Mobile and Web. This trading platform has user friendly and advanced trading tools and numerous indicators.

1. Swap rates, or financing fees, are the interest paid or received for holding a trading position overnight.
2. Traders can access ThinkZero through the MT4/MT5 platforms and gain access to 350 instruments on the MT4, and 1,800 on the MT5 platform, EA trading, and VPS.
3. Overall, because of its strong international regulation, wide industry acclaim, and long history of responsible behaviour, we consider ThinkMarkets a safe broker to trade with.
4. ThinkMarkets operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit.
5. The ThinkMarkets fee structure varies depending on the chosen account type.

All spreads including both spread and commission calculated in. 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. Even though opening an account with no minimum deposit seems like it’s relatively low-risk, it’s still important to research a broker’s conditions when opening even a small account. ThinkMarkets has the same withdrawal methods as deposits, according to the trading entities. There are plenty of account types available on ThinkMarkets, depending on your trading entity. They represent beneficial educational materials as well as market news and technical analysis to boost their clients trading skills and knowledge.

Deposit Options at ThinkMarkets

Use our international search tool to find a broker that accepts clients from your country. After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we’ve determined that ThinkMarkets (92) earned a higher Trust Score than Eightcap (85). We use a wide selection of reliable and secure payment methods to fund your account.

We offer you access via any smartphone, tablet or PC so you can log in and check on the status of your platform at any time. Newer user ratings have greater impact than older ratings and user ratings have no impact after 5+ years old. The more reviews a company receives, the higher the maximum possible aggregate user rating. After 100 reviews a company can receive the highest rating, which is an average of their user ratings. Headquartered in the UK and Australia, ThinkMarkets (formerly ThinkForex) is a global brokerage specialising in foreign exchange (‘FX’), metals and global CFD trading, as well as spread betting. You can easily change the number of screens and display layouts.

The broker enjoys a significant web presence, drawing 642,576 organic visits monthly and ranking 44th in web traffic among forex brokers. FxScouts helps traders across the globe by meticulously testing and reviewing online brokers and providing Forex education and market analysis. While partners may pay to provide offers or be featured, they cannot pay to alter our recommendations, advice, ratings, or any other content. Our content and research teams do not participate in any advertising planning nor are they permitted access to advertising campaign data. She has a medical degree with a focus on physiotherapy and a bachelor’s in psychology. However, her interest in forex trading and her love for writing led her to switch careers.

ThinkMarkets operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit. Overall, ThinkMarkets’ account-opening process is fully digital and hassle-free and accounts are ready for trading within 48 hours. For the Cons, conditions vary in each entity and instruments are mainly CFDs. With its headquarters in London and Melbourne, both strongly regulated financial environments, ThinkMarkets falls within the regulatory domain of the FCA in the UK and the ASIC in Australia. The trend remains bullish above 21,920, and as the market approached the 20,000 mark this morning, buyers stepped in. The trend will remain upwards above 21,920, and the biggest concern now is that many traders are sitting on significant profits, and with the tax year nearing its end, they may need to close positions to cover taxes.

The educational materials are offered in different categories and types like webinars and video courses that is suitable for all traders with any trading background. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics.

Additional deposit methods may be available depending on your country of residence. Leverage is indeed an important tool, especially for retail traders of smaller size and is available at TfhinnkMarkets offering. However, the offered multiplier levels of the broker may vary according to the ThinkMarkets entity you are trading with. The powerful and detailed FAQs section on its Website also acts as a good response to many common queries. 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.