ThinkMarkets Review

1. What is ThinkMarkets?
2. Awards
3. Is ThinkMarkets safe or a scam?
4. Leverage
5. Accounts
6. Instruments
7. Fees
8. Deposits and Withdrawals
9. Trading Platform
10. Customer Support
11. Education
12. Conclusion

What is ThinkMarkets?

Back in 2010, the year saw the launch of ThinkForex in New Zealand with its aim to improve the forex trading experience by delivering leading technology to the community.

Further on, as the company’s rapid expansion program along with huge growing demand the broker took a brand name ThinkMarkets while also improved client security under ASIC and FCA regulations.

ThinkMarkets then relocated its global headquarter to London and Melbourne, Australia. Since then, ThinkMarkets was awarded as “Fastest Growing Forex Broker” as the firm held hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America while delivers unparalleled trading performance.

Meanwhile, ThinkMarkets continue its growth and acquired South Africa brokerage so it is fully legal in the Africa region now as well, for more information check on news tab.

Awards

Throughout its constant development, ThinkMarkets has grown rapidly so that the broker has been recognized by industry publications and keep on adding new one to its lists. Alike, recently ThinkMarkerts awarded as Best Value Broker in Asia at the 2020 Global Forex Awards confirming its successful portfolio.

Is ThinkMarkets safe or a scam?

Is ThinkMarkets legit?

You can trade with ThinkMarkets easily and with peace on mind, knowing that the broker fully registered with the Australian Securities and Investments Commission (ASIC) as well as authorized and regulated by the Financial Conduct Authority (FCA) of the UK.

Besides, African region covered as well, since ThinkMarkets acquired brokerage and fully regulated by the local FSCA in South Africa.

How are you protected?

The regulatory status in simple words means a client is treated fairly according to the international laws and requirements, while trader’s funds are held in selected top-tier banks, such as Barclays, National Australia Bank and the Commonwealth Bank of Australia.

Traders funds also being segregated from the own company funds, with daily fund reconciliation and application of the standard Financial Services Compensation Scheme (FSCS) while the clients are covered under the ‘investments’ claim category up to £50,000 per person per firm in case of a brokers default.

Leverage

Leverage is indeed an important tool, especially for the retail traders of smaller size. However, the offered leverage levels vary according to the ThinkMarkets entity you trading with.

• The smaller level of 1:30 for major Forex pairs applied to the accounts opened under the UK FCA regulation, since the authority significantly lower leverage requirement recently.
• Australian traders that are covered by the ASIC regulation still can enjoy a high level of 1:400 for Forex instruments.
• South Africa traders
• South Africa traders maximum leverage 1:200

Yet, make sure to learn deeply how to use leverage smartly and not to fall under unpleasant circumstances and high risk.

Accounts

While opening an account you may choose from two account types, while free Demo is available to practice the experience, along with a choice on Islamic account to the traders of Islam belief.

Account types

While the Standard offered with no commission and the choice to choose from the fixed or variable spread, the higher account class comes to the ThinkZero designed for active traders.

Among the ThinkZero benefits with lower spread and commission per trade, there are VPS and Autochartist, as well a dedicated account manager that are provided free of charge.

Trading Instruments

The company offering to discover hundreds of markets to trade and constantly increases a range. At the moment the offer includes over 38 major, minor and exotic FX pairs, Cryptocurrencies, 9 global Indices, Metals, Commodities and over 125 Shares.

The crypto trade offers some of the best market conditions to trade Cryptos – Bitcoin, Ethereum, Ripple, Dash, Bitcoin Mini, Bitcoin Gold, NEO, Bitcoin Cash and Ethereum Mini.

Fees

Apart from the general offering to the retail clients’, ThinkMarkets launched numerous investment and partnership programs. Thus, ThinkInvest is the investment service that brings the ability to trade the financial markets by investing in the expertise of a Money Manager through PAMM and MAM accounts.

Forex Fees

From the ThinkMarkets benefits, the major ones provide clients with tightest possible spreads, even under volatile market conditions, from as low as 0.1 pips on EUR/USD. Conditions depending on the account type you select, since Standard account offering spread only basis from 0.4 pips and averages around 1.2 pips.

While ThinkZero account is more suitable for professional trading, demanding 500$ as first deposit and offering spreads from 0.1 pips with a commission of 3.5$ per side as a trading cost.

For you to check on the trading spread of ThinkMarkets, see the table with Standard quotes below, also see ThinkMarkets trading fees in comparison to another popular broker Tickmill.

Overnight fee

The overnight fee should be considered as a cost as well, unless you trade with swap-free account. As an e.g. EURUSD swap for long position is -2.5% while the short one will add 2.5% to your account.

Deposits and Withdrawals

For the best convenience the broker designed the client accounts management via ThinkPortal that allows to deposit or withdraw funds, update personal information, set up additional accounts, receive updates or view recent transactions.

What is the minimum deposit for ThinkMarkets?

The good news is that account opening is allowed with no minimum deposit for Standard account type. While funds can be deposited and withdrawn throughout different payment methods, that includes

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

But be sure to verify conditions according to entity rules, as methods and fees may vary.

Withdrawals

What is more, withdrawing funds from your ThinkMarkets account is quick, simple and hassle-free, with no charges such as any withdrawal fees that is definitely a great plus for your future performance.

How to I withdraw funds from ThinkMarkets

Login to your ThinkPortal, go to the Money management tab and click on Withdrawal request, submit the form and check on the approval status. Be sure to add on additional processing days that your payment provider might take.

Trading Platforms

The trading performance on a technological and software level supported by well designed and developed broker platforms, where you can select the most suitable one for you trading need. As we rank it via our ThinkMarkets Review are a good selection.

Pros	Cons
MT4, MT5 and ThinkTrader	None
Copy Trade, Social Trading and Technical Indicators
Various versions supported
No restrictions on strategies
Fast execution
Available in various languages

Desktop Platform

The choice of two platforms bringing the commonly used MetaTrader4 its newer version MT5 or Trade Interceptor known now as ThinkTrader to the client’s choice.

In addition to the main characteristics, their partnership with Equinix, started back in 2013 brought an enhanced trade execution speed through the use of co-location data centers to reduce trading latency.

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.

While ThinkTrader performers a multi-device trading with 80 indicators, 50 drawing tools &14 chart types, and up to 200 cloud-based notifications at no charge. Expert Advisors are offered with no restrictions also stop loss and other risk management tools due to the high risk involved are included.

Web Trading

Of course, all platforms are also available through Web Versions so you can easily access trading room right from you browser with no previous installations.

Mobile Platform

Getting to the details, MetaTrader 4 is a powerful platform but nevertheless, versions may vary from the broker to another. The ThinkMarkets MT4 is a mobile optimized platform packed with tools to support every trading style.

Meanwhile, ThinkTrader mobile has been ranked as No. 1 mobile trading app in the world.

Customer Support

Good to always consider in ThinkMarkets Review Customer Support, where we found a professional team available around the clock and supporting international languages accessible via Live Chat, email, and phone lines in various regions including the UK, Australia, South Africa, Asia and Internationally as well.

Education

In addition, the clients’ are always supported by the company’s award-winning customer service and learning teams. ThinkMarkets offers support new traders and seasoned ones by established a comprehensive learning center with free trading guides and webinars that covers both technical and fundamental analysis, the economic calendar also market psychology.

Conclusion

ThinkMarkets from many prospective seem to have a great offer in technology, reliability, customer service and pricing. With their every day strives to offer even more to their clients, to bring the best and the latest innovations obviously place the broker among the popular choices.

Also, the ThinkMarkets is the only UK & Australia, also South Africa regulated broker that currently offers 9 cryptocurrencies and growing.

Since the security of clients’ funds is of fundamental importance in financial trading, the broker’s profile and overall trading offering show the ThinkMarkets is the one that you can trust to, along with its competitive trading conditions suitable to the traders of all levels.

Nevertheless, it is always good to know your opinion about ThinkMarkets which you may share in the comment area below or join to the discussion. 

Review Updated Oct’20