ThinkMarkets review

ThinkMarkets

ThinkMarkets

www.thinkmarkets.com

  • Leverage: 1:400

  • Regulation: ASIC, FCA

  • Min. Deposit: 250 US$

  • HQ: UK, Australia

  • Platforms: MT4, Trade Interceptor

  • Found in: 2010

ThinkMarkets Licenses

  • TF Global Markets (UK) Limited - authorized by FCA (UK) registration no.629628 
  • TF Global Markets (Aust) Pty Ltd - authorized by ASIC (Australia) registration no. 424700 ABN: 69158361561

Top 3 Regulated Forex Brokers

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.

ThinkMarkets review

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.

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.

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

ThinkMarkets awards

However, along with attractive proposal of ThinkMarket you should check the most important information of the trading conditions itself. With this purpose, in this review we cover the following highlights:

Is ThinkMarkets safe or a scam?

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.

ThinkMarkets licenses

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.

ThinkMarkets Trading Platforms

The trading performance on a technological and software level supported by well designed and developed broker platforms. The choice of two platforms bringing the commonly used MetaTrader4 or Trade Interceptor 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.

ThinkMarkets platfrom

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. 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 Trade Interceptor performers a multi-device trading with 80 indicators, 50 drawing tools &14 chart types, and up to 200 cloud-based notifications at no charge. Trade Interceptor mobile has been ranked as No. 1 mobile trading app in the world.

ThinkMarkets Trading Fees

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. 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 Pro Account designed for active traders. Among the Pro Account 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.

ThinkMarkets accounts

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.

ThinkMarkets cryptotrading

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

Asset/ Pair

ThinkMarkets Fee Terms – Standard

EUR/USD

1.2

Crude Oil WTI

4

Gold

6

Bitcoin

75

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.

ThinkMarkets 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. Meanwhile, Australian traders that are covered by the ASIC regulation still can enjoy a high level of 1:400 for Forex instruments. Yet, make sure to learn deeply how to use leverage smartly and not to fall under unpleasant circumstances.

ThinkMarkets Deposits and Withdrawals

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

The account opening is allowed with the minimum deposit of 250$, while funds can be deposited and withdrawn throughout different payment methods, that includes bank transfer, debit and credit card, Skrill, Neteller and even with Bitcoin through BitPay.

ThinkMarkets funding

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.  

Conclusion on ThinkMarkets

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 regulated broker that currently offers 9 cryptocurrencies.

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

  • A UK Brokerage ThinkMarkets acquires license from the FSCA

    ThinkMarkets has been awarded a licence by the Financial Sector Conduct Authority (FSCA) to offer electronic financial trading services to South African investors. 2010 saw the launch of ThinkForex in New Zealand with an aim to improve the forex trading experience by delivering leading technology to the community. Further, due to the company’s rapid expansion...

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