ThinkMarkets Reviews Read Customer Service Reviews of www thinkmarkets.com
For those interested in exploring more about this trading method, here’s a comprehensive guide on the best spread betting brokers in the UK. ThinkMarkets offers a lower minimum spread with its standard account, with a minimum of 0.4 pips https://traderoom.info/think-markets-introduction/ for most major and minor forex pairs. It is only on exotics such as USD/HUF and GBP/HUF (5 pips), pairs involving MXN or SEK (10 pips) and pairs with ZAR, CZK and TRY (50 pips) that fees increase.
In accordance with a strict regulatory framework, ThinkMarkets provides clients with negative balance protection. This means that if a trader’s account balance falls below zero due to losses incurred during leveraged trading, the broker will cover the negative balance and reset the account to zero. ThinkMarkets features negative balance protection available for all their clients except Pro account holders.
ThinkMarkets’s Educational Material
To avail of and continue using the ThinkZero account, you will need to deposit a minimum of $500. Their website also features an economic calendar to guide you through essential market events. Most of their past webinars can be found on their YouTube channel.
Which Broker Is Better For MetaTrader 4?
Being FCA regulated, it offers a high level of security and trustworthiness. While it wasn’t founded in the UK, its strong presence and understanding of the UK market make it a top choice. The broker provides a range of trading platforms, competitive spreads, and a plethora of educational resources.
While you should consider these reviews as part of your research process, you shouldn’t make decisions based solely on them. For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist. Additionally, you should review the broker’s policy and terms of service. ThinkMarkets is a leading trading platform that the FCA (Financial Conduct Authority) regulates.
With this account, you will gain access to their free VPS service and all their trading platforms. You will have a maximum trade size of 50 lots and no minimum stop-loss or take-profit levels. ThinkMarkets’ proprietary platform grew out of the company’s acquisition of Trade Interceptor, an award-winning trading platform in its own right. Available for mobile, tablet, and desktop ThinkTrader offers in-app deposits and withdrawals, real-time news from FX Wire Pro, and one-click multiple order closing. It also features over 80 indicators and 50 chart types and includes the TrendRisk scanner to assist traders in finding opportunities over different timeframes.
There are no spread markups on this account and traders get raw, market spreads. For this very reason, the account type is ideal for active traders such as intraday traders, scalpers, high-frequency traders, and algorithmic traders. On the other hand, traders are charged with 7 USD commissions per traded lot round turn. In addition, account holders get account managers from the broker’s end to guide them.
Is the ThinkMarkets Trading Platform Secure?
This account type allows traders to practice Forex trading using virtual money without risking any real capital. It is a great way to practice and learn how to use the trading platform. In addition, demo accounts help seasoned traders test their trading strategies in a risk-free environment.
Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not… ThinkMarkets is overseen by top-tier regulatory bodies such as the FCA in the UK, and ASIC in Australia. With tier-1 oversight, ThinkMarkets is considered a safe broker with strong investor protection policies. You can view our Best Forex Brokers In Australia and the Best Forex Brokers In UK to see how the broker compares to the category leaders. To get the fastest trading execution speeds and reduce the chance of slippage, ThinkMarkets uses the largest trading ecosystem available, being Equinix trading servers.
- The ThinkMarkets share trading account offers Australian shares and exchange traded funds (ETFs) listed on the Australian Securities Exchange and Chi-X.
- In addition, demo accounts help seasoned traders test their trading strategies in a risk-free environment.
- However, the platform offers a demo account that allows beginners to familiarize themselves with the application without expiration.
- They are known for their extensive range of instruments that cater to different types of traders.
- With greater instrument availability and more trading tools available, IC Markets is the superior choice for MetaTrader 4 users.
Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. As a client of ThinkMarkets, you will be given the opportunity to create your own trading platform or trading bot using their cutting-edge API. This makes trading more convenient and could provide additional income if you sell your trading tool or platform. You have two live account types to choose from Standard and ThinkZero.
ThinkTrader also makes it easy for clients to add or withdraw funds from their accounts with their mobile applications. You can trade some of the popular indices on the market, like the Dow Jones Industrial Average (US30), Nikkei 225 (JPN225), Nasdaq Composite Index (NAS100), the Hang Seng Index (HK50), and many more. The financial index that ThinkMarkets offers is the US Dollar Index or USD INDEX. Although MT4 retains a strong following, MetaTrader 5 offers improvements from its predecessor including more charting tools, greater market access and improved backtesting features. While there is no difference between account types regarding CFD trading, ThinkZero account holders gain access to discounted pricing on metals. ThinkMarkets offers competitive spreads for both its Standard Account and ThinkZero Account types.
If you are of Islamic faith and therefore follow Sharia law, you will not be able to pay or accept swap fees since this is a type of riba. For this reason, many brokers offer swap-free accounts to Islamic traders. It is difficult to split IC Markets and ThinkMarkets when it comes to MT5. The reality is both brokers offer full unlimited use of the trading platform.
Trading in forex, stocks, cryptocurrencies, CFDs, indices, and commodities carries the potential for financial loss and may not be suitable for all investors. Moreover, losses in leveraged products may exceed your initial deposit. Before making any decisions regarding Forex or any other financial instruments, it is essential to thoughtfully consider your investment objectives, your level of experience, and your risk tolerance. In addition to this platform, however, the broker also offers the classic MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.
