ThinkMarkets offer a full-service mobile app called ThinkTrader, which is available to download for iOS and Android devices. Previously Trade Interceptor, ThinkMarkets has enhanced the platform to provide a superior mobile trading experience. Additionally, ThinkMarkets bolstered its ThinkTrader platform in 2024 by introducing spread betting on popular markets, including currencies, stock indices, metals and energies. The desktop, web and mobile platform now offers a complete trading environment for serious spread betters. Since 2010, the online broker has expanded its trading operations, attracting 550,000 users in 180 countries, including Indonesia, Egypt, the UAE, and Bulgaria.
Market Analysis
ThinkMarkets is also a member of the UK FSCS, which could compensate clients up to £85,000 should ThinkMarkets ever be declared insolvent, or are unable to pay. Her technical knowledge is great and she helps me with every question I have. Also Alexander helped me when I had Some questions about the system.
ThinkMarkets Customer Support
Spreads are variable and start from zero pips on major FX pairs, such as the EUR/USD and GBP/USD. I personally still use MT4 because it was the first platform that I became accustomed to. However, I think both MetaTrader platforms are ideal for trading online. Let’s take a quick look at some of the main differences between the platforms to see if you can decide which you would prefer. Based on our research throughout the day, we found that ThinkMarkets’ spreads on instruments from different asset classes are mostly low. The only exceptions were crude oil and Bitcoin, which met the industry average.
Does Think Markets offer a demo account?
This broker also offers live interactive webinars to registered users. ThinkMarkets has adopted a ‘return to source’ policy, which means that if a deposit was made using a credit card, the client will receive the funds via credit card. However, if the withdrawal amount cannot be sent back to the source, your funds will be sent to you via Bank Wire.
Commission and Spread Fees
- Another supporting tool incorporated by ThinkMarkets is Myfxbook (a social community platform for Forex traders), which is available to MT4 accounts with a minimum balance of $1000.
- They combine cutting-edge online trading technology with powerful trading platforms and tools to help you with your day-to-day trading activity.
- ThinkMarkets also provides their award-winning ThinkTrader platform for desktop, mobile, and tablet.
If you need help with this I suggest sending mail to (JamesRodriguez) (@)(cyber-wizard) dt (com) I actually went to their office so they are 100% legit. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community.
ThinkMarkets Account Opening Process
The minimum deposit on ThinkMarkets is currently $0.00 for a standard account. However, if you open a ThinkZero account, a minimum of $500 will need to be deposited before you can use your account. For clients whose assets exceed the FSCS’s threshold, ThinkMarkets offers its clients Excess of FSCS Insurance. This product, which comes with no additional charges, covers funds up to £1,000,000 for each individual client. Clients do not even have to apply for it, simply opening a live account with them qualifies them for greater protection under the Excess of FSCS Insurance policy.
Platforms and Tools
It was impossible feom my side, I was unable to close them via manual close request or thru stop loss limit setups. The lowest spread on ThinkMarkets is 0.0 pips and clients with a ThinkZero account will have access to it. However, another Reddit https://forexbroker-listing.com/ user seems disappointed by ThinkMarket’s support team due to their lack of knowledge about the Australian market. ThinkMarkets provides a variety of base currency options, which users will have to select at the time of opening their accounts.
All BrokerNotes content is researched, fact-checked, and edited by the research team. ThinkMarkets is suitable for beginners, providing extensive educational resources including videos tailored to both novices and advanced traders. While the education ratings are average, the broker still presents valuable learning opportunities for newcomers. Based on our extensive research, ThinkMarkets comes across as a solid choice for traders looking to engage in forex and CFD trading.
In addition to one-click trading, it also supports one-click closing, which allows instantaneous termination of all trades on a single instrument. The one disadvantage is that ThinkTrader is only available on Standard accounts. ThinkMarkets was awarded an above-average mark in the Fees category. Its spreads are low-to-medium compared to the broader industry, while its fixed commissions (where applicable) are low. ThinkMarkets does not have an inactivity fee and does not charge deposits or withdrawals.
The platform promises fast trade execution, over 100 indicators, and one-click-trading. The MT4 system also comes with a host of superb apps and additional features, including free access to Trading Central, a VPS, and FXWirePro. You can diversify your portfolio by going long or short on a selection of commodities such as oil, gas & coffee, without any commission charged. Some commodities are traded in heavy volumes around the clock offering multiple opportunities to online traders. With a standard account, you can benefit from commission free trading on all precious metals including gold, silver & platinum. Metals are usually used for those who are interested in diversifying their trading portfolio and are quoted against the US Dollar at ThinkMarkets.
ThinkMarkets offers over 4000 tradable instruments at generally low costs. We checked the combinations of spreads and commissions on its two account types – Standard and ThinkZero – and found them very competitive and below the industry average. The broker should also be praised for its excellent ThinkTrader platform, which offers an impressive amount thinkmarkets broker review of tools and features that can satisfy every taste. Those that supported ThinkMarkets commented on their wonderful experiences with ThinkMarkets’ demo account and 24/7 customer service. Some went into detail about the broker charging reasonable trading fees. The transparency of its fee structure was well received by most ThinkMarkets traders.
The platform will allow you to set up alerts so that no significant events are missed. ThinkMarkets reserves the right to charge an inactivity fee, in case there was no trading activity detected in your account for at least 90 days. The broker has myriads of assets available to diversify your portfolio, including forex, cryptocurrencies, stocks, and many more.
It provides plenty of information concerning developing trading setups without getting too cramped. Most trading apps find it difficult to illustrate a lot of information while maintaining clarity on low-resolution devices. We reviewed the ThinkTrader platform and found it very practical.
This is another fantastic market analysis tool that can save you from hours of chart watching. You can also get free access to both Trading Central and Autochartist with GO Markets. Trading Central’s set of tools for better trading is available through ThinkMarkets. Trading Central is a market leader in providing practical trading ideas and one of the best market analysis tools in my opinion, along with Autochartist. Their product portfolio includes technical, fundamental, and value-based data.
ThinkMarkets has a team of professionals that provide the most recent market news, daily insights, and analysis. They provide in-depth technical and fundamental analysis for a variety of markets and trading instruments. This can be a good way to keep up to date with the latest market moves and to inspire trade ideas. ThinkMarkets offers a variety of instructional materials for traders of various levels of expertise.
Especially appreciated was her patient cross checking with every possible problem that could have been the cause of my issue. Eventually she identified the issue and it was my own failure to correctly note the instructions. The company maintains its no frills no hassles order placement and fills. Get virtual funds, test your strategy and prove your skills in real market conditions.
This means that client funds are held in separate accounts, reducing the risk of misuse or misappropriation. Furthermore, ThinkMarkets employs robust risk management systems and procedures to monitor and mitigate potential risks. These measures help ensure the stability and integrity of the trading platform. Overall, ThinkMarkets prioritizes the reliability and security of its services, providing traders with peace of mind while engaging in their financial activities. I recently traded my demo acc (R2000) using 1 full lot size, with these high spreads and within a few min I received a margin call and that was the end of my trading account. Any trader who trades under these conditions whether seasoned or not will have a very hard time being profitable as a trader.