Are you looking for a reliable online broker to help you trade the financial markets? If so, you might want to consider ThinkMarkets, a multi-award-winning broker that offers a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies. With offices in multiple countries and a global reputation for excellence, ThinkMarkets is a broker that you can trust to help you achieve your financial goals.
Overview of ThinkMarkets Forex Broker
Company Background
ThinkMarkets is a leading online forex and CFD broker, founded in 2010.
The company has its headquarters in London, UK, and operates globally in multiple countries.
ThinkMarkets offers trading in forex, commodities, indices, and cryptocurrencies, with over 1,000 instruments available.
Licenses and Regulations
ThinkMarkets is regulated by top-tier financial authorities, including
- the FCA in the UK
- ASIC in Australia
The company ensures that clients’ funds are kept in segregated accounts and offers negative balance protection to prevent losses exceeding account balances.
ThinkMarkets is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which protects clients’ funds up to £85,000.
Awards and Recognitions
ThinkMarkets has won multiple awards for its services, including the “Best Forex Trading Experience” award by the UK Forex Awards in 2017 and 2018.
The company has also been recognized for its innovative trading technologies, such as its proprietary ThinkTrader platform.
ThinkMarkets has a strong reputation for customer service, with a 24/5 support team available to assist clients in multiple languages.
Advantages and Disadvantages
Account types and features
ThinkMarkets offers two main types of trading accounts: the Standard account and the ThinkZero account.
The Standard account is for beginner to intermediate traders and requires a minimum deposit of $250. This account offers fixed spreads and no commissions, with leverage of up to 1:500.
The ThinkZero account is for advanced traders and requires a minimum deposit of $500. This account offers tight variable spreads starting from 0 pips and a commission of $3.5 per lot, with leverage of up to 1:500.
Both account types offer access to the ThinkTrader platform, with its advanced charting and trading tools, as well as a range of financial instruments, including forex, commodities, indices, and cryptocurrencies.
ThinkMarkets also offers a demo account for traders to practice trading strategies without risking real money.
Islamic accounts, also known as swap-free accounts, are available upon request for clients who comply with Islamic Sharia law.
Deposits and withdrawals
ThinkMarkets offers a range of convenient deposit and withdrawal methodsncluding bank wire transfer, credit/debit cards, Neteller, Skrill, and China Union Pay.
Deposits are usually processed instantly, while withdrawals may take 1-5 business days to be processed, depending on the method used.
The broker does not charge any deposit or withdrawal fees, but third-party fees may apply for certain payment methods.
Clients can withdraw funds using the same method used for depositing, up to the amount deposited. Any profits can be withdrawn using any method.
ThinkMarkets uses advanced security measures to ensure the safety of client funds and transactions, including SSL encryption, two-factor authentication, and secure servers.
Trading platforms
ThinkMarkets offers a range of trading platforms to suit the needs of different traders, including the proprietary ThinkTrader platform, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).
The ThinkTrader platform is a cutting-edge trading platform that offers advanced charting and analysis tools, as well as a range of order types and execution modes. It is available on desktop, web, and mobile devices, allowing traders to access the markets from anywhere, anytime.
MT4 and MT5 are widely-used trading platforms that offer powerful charting capabilities, customizable indicators and expert advisors, and a range of order types and execution modes. They are available on desktop, web, and mobile devices, and can be used to trade forex, commodities, indices, and cryptocurrencies.
ThinkMarkets also offers the Trade Interceptor platform, which provides advanced charting and analysis tools, as well as customizable indicators and expert advisors. It is available on desktop, web, and mobile devices, and can be used to trade forex, commodities, and indices.
All trading platforms offered by ThinkMarkets are equipped with advanced security measures to ensure the safety of client funds and transactions.
The broker also provides access to a range of educational resources and trading tools. Such as economic calendars, market analysis, and trading signals, to help traders make informed trading decisions.
Trading conditions
ThinkMarkets offers competitive trading conditions, including tight spreads, flexible leverage, and fast execution speeds.
The broker offers access to a range of financial instruments. Including forex, commodities, indices, and cryptocurrencies, with no trading restrictions or re-quotes.
Spreads on the Standard account start from 1.2 pips, while spreads on the ThinkZero account start from 0 pips. The commission on the ThinkZero account is $3.5 per lot traded.
ThinkMarkets offers flexible leverage of up to 1:500, allowing traders to amplify their trading positions and potentially increase their profits.
The broker uses advanced technology to ensure fast and reliable execution speeds, with minimal slippage and requotes.
Clients can choose from a range of order types. Including market orders, limit orders, stop-loss orders, and trailing stop orders, allowing them to customize their trading strategies and manage their risk.
Conclusion
ThinkMarkets is a reliable and trustworthy online broker that offers a wide range of trading instruments, competitive spreads, and low commissions. With multiple trading platforms, educational resources, and 24/5 customer support, ThinkMarkets provides a comprehensive trading experience that can help traders achieve their financial goals.
While there are some drawbacks to trading with ThinkMarkets, such as limited payment methods and trading instruments, overall, the broker’s positive features far outweigh the negatives. If you’re looking for a reliable broker to help you trade the financial markets, ThinkMarkets is definitely worth considering.
