ThinkMarkets Broker Reviews and Full Information

What is ThinkMarkets?

In 2010, the year marked the introduction of ThinkForex in New Zealand with its intention to improve the experience of trading forex by offering the most advanced technology to the market.

Furthermore, in the company's expansion program as well as the growing demand, the broker has adopted the branding name ThinkMarkets as well as improved security for clients in accordance with ASIC and FCA rules.

ThinkMarkets has since relocated its headquarters across the globe in London in the UK and Melbourne, Australia. Since the time, ThinkMarkets was awarded the title of "Fastest expanding Forex Broker" in the sense that the company had centers in Asia-Pacific, Middle East and North Africa, Europe and South America while delivers unparalleled trading performance.

In the meantime, ThinkMarkets continue its growth and has also acquired South Africa brokerage so it is now fully legal within the Africa region. It is also legal in the region For more details, click the the news tab.

ThinkMarkets Con and Pros

ThinkMarkets is a registered broker that has top-of-the-line licenses to ensure safety and security from FCA as well as ASIC. It has a wide options for trading platforms and a an extensive selection of instruments, including Cryptocurrencies, ThinkMarkets provides good PAMM and MAM trading terms, as well as educational and social trading. However the conditions differ for every company and the instruments are generally CFDs.

10 Points Summary

Awards

In the course of its continual growth, ThinkMarkets has grown rapidly and the broker has been praised by various industry publications and keeps adding new products to its list of. Similar to this, recently ThinkMarkerts was awarded the title of the Best Value Broker within Asia during the 2020 Global Forex Awards confirming its success with its portfolio.

Is ThinkMarkets an authentic company or is it a scam?

Absolutely not, ThinkMarkets is not a fraud. It is a multi-regulated broker that includes top-of-the-line regulation.

Is ThinkMarkets legitimate?

It is possible to trade with ThinkMarkets quickly and with confidence at ease knowing you are dealing with the broker is fully licensed with the Australian Securities and Investments Commission (ASIC)as as being regulated and authorized with the Financial Conduct Authority (FCA) of the UK.

In addition, African region covered as also, ever since ThinkMarkets purchased brokerage and is now fully controlled through the regional FSCA located in South Africa.

What are the best ways to protect yourself?

A legal status of a regulatory institution in plain terms means that a customer is treated with respect as per international standards and laws as well as the trader's funds are kept in a select group of high-end banks, like Barclays, National Australia Bank and the Commonwealth Bank of Australia.

The funds of traders are separated from company funds. The company also conducts daily reconciliation of funds and the use of the normal Financial Services Compensation Scheme (FSCS) in addition to the fact that clients are covered under the "investments" claim category that covers up to PS50,000 for each person in a firm in the event of broker's default.

Leverage

Leverage is an essential instrument, particularly for retail traders with smaller sizes. However, the leverage levels differ based on the ThinkMarkets company you trade with.

• The less restrictive limit of 11:30 applies to major Forex pairs is applied to accounts established pursuant to the UK FCA regulation, because the authority has significantly reduced requirements for leverage recently.
• Australian traders protected by ASIC regulation ASIC regulation are able to benefit from the very high ratio of 1:400 in forex instruments.
• South Africa traders
• South Africa traders maximum leverage 1:200

However, you must be aware of how to apply leverage wisely so that you don't get caught in unpleasant situations and risky situations.

Types of accounts

ThinkMarkets account is two types of accounts and a free Demo is accessible to test the experience. You can also make an option of an Islamic account for traders who adhere to Islam faith.

Standard is offered without charge and the option to select between the variable or fixed spread as well as the higher class of account is ThinkZero created for traders who are active. There are many ThinkZero advantages with a lower commissions and spreads per trade, you can avail VPS and Autochartist and an account manager who are free.

Trading Instruments

The company offers to explore hundreds of markets that can be traded and continuously expands the number of. The current offer comprises more than 38 major exotic, minor and major Forex pairs Cryptocurrencies 9, 9 Indices from around the world, Metals, Commodities and over 125 shares.

The crypto market provides some of the most favorable market conditions for trading cryptos. Bitcoin, Ethereum, Ripple, Dash, Bitcoin Mini, Bitcoin Gold, NEO, Bitcoin Cash and Ethereum Mini.

Fees

THinkMarkets charges are based on the activities you perform In addition to the general service offered to retail customers The company also offers a variety of partnership and investment programs. ThinkMarkets introduced a number of partnerships and investment programs. This is why ThinkInvest is an investment service that allows you to trade on the financial market by investing in the knowledge of a Money Management expert through the PAMM as well as MAM accounts. Find a comparison of fees below.

Spreads

Based on the ThinkMarkets advantages, the major ones offer customers the the tightest spreads even in the most unstable market conditions. starting as little as 0.1 pip for EUR/USD. The conditions vary based on the type of account you choose, as Standard accounts are offers spread-only on a basis of 0.4 pip and an average of approximately 1.2 pip.

The ThinkZero accounts is better suited for professional trading, with a minimum of 500$ as the initial deposit and providing spreads starting at 0.1 pip, with commissions of 3.5$ per trade as a trade cost.

For a quick look at the trading spread of ThinkMarkets check out the table below with Standard quotes. You can also look at ThinkMarkets charges for trading in relation with another well-known broker the Tickmill.

Overnight charge

The cost of overnight storagehould be considered also a cost when you trade on a accounts that are swap-free. For e.g. EURUSD swap for long positions is -2.5 percent, while the short one adds 2.5 percent on your balance.

Deposits and withdrawals

To ensure maximum convenience the broker developed the management of client accounts through ThinkPortal that lets you transfer or withdraw money change personal details, open new accounts, receive updates, or look up recent transactions.

How much is the deposit minimum required for ThinkMarkets?

The ThinkMarkets does not require a limit on deposits required for the Standard account type. While funds can be transferred and withdrawn through different payment methods. This includes

• bank wire transfer,
• credit and debit card
• Skrill,
• Neteller
• Bitcoin via BitPay.

Be sure to confirm conditions as per the rules of the entity since the procedures and costs could differ.

ThinkMarkets Minimum deposit is different from other brokers

Withdrawals

Making withdrawals through Your ThinkMarkets account is fast simple and easy With no fees, like withdrawal feesthat is a huge benefit to your performance in the future.

How do I withdraw money from ThinkMarkets

Log into your ThinkPortal and then go on the Money management tab and click on Request for withdrawal, then submit the form, and verify the status of approval. Make sure you add any additional processing time that your payment service provider may need to take.

Trading Platforms

The performance of trading at the software and technology level is supported by well-designed and well-developed broker platforms that allow you to pick the one that is most appropriate for your trading requirements. We rank it using our ThinkMarkets Review, it is a solid choice.

Desktop Platform

Two platforms are available for clients to choose from, that bring MetaTrader4's popular and widely used platform to and its latest version MT5 as well as Trade Interceptor known now as ThinkTrader to the clients' preference.

In addition to their main attributes, their collaboration with Equinix was established in 2013, has brought improved speed for execution of trades thanks to the use of co-location data centers that reduce the latency of trading.

Features high-end service for ultra-fast trade execution as well brings benefit from institutional-quality apps, indicators and insights powered by the progressive add-ons and additional features.

However, ThinkTrader offers multi-device trading with over 80 indicators as well as 50 drawing tools and 14 chart types, as well as more than 200 cloud-based notifications for no cost. Expert Advisors come without limitations, as well as stop loss as well as various other tools for managing risk because of the risk of high included.

Web Trading

All platforms are available via Web Versions so you can quickly access the trading area in your browser without previous installation.

Mobile Platform

In the end, MetaTrader 4 is a strong platform however the versions can differ from one broker to the next. ThinkMarkets MT4 ThinkMarkets MT4 is a mobile-optimized platform equipped with tools to accommodate every type of trading.

Additionally, ThinkTrader mobile has been named the number. top mobile trading app worldwide.

Customer Support

It is always a good idea to look into ThinkMarkets Customer Support Review We found an experienced team that is available round the clock , and offering support for international languages via Live Chat or email as well as phone lines in a variety of countries such as Australia, the UK, Australia, South Africa, Asia and Internationally too.

Education

Additionally, clients are supported at all times through the firm's highly acclaimed support and learning teams. ThinkMarkets provides assistance to for new traders and experienced ones with creating a complete learning center that includes free trading guides as well as webinars that cover the fundamental and technical aspects of trading as well as the economic calendar and market psychology.

Conclusion

All in all, ThinkMarkets from many prospective offers an overall excellent choice in terms of technology and reliability, as well as pricing and customer service. In their constant efforts to provide more services to their clients, and to offer the top and most recent innovations, they are able to makes the broker one of the top choices. Additionally, ThinkMarkets is the only UK & Australia and South Africa regulated broker which currently has 9 cryptocurrencies , and they are increasing.