ThinkMarkets Review 2022: 5000 Deposit Trade Tested ️

think markets review

Users also appreciated the variety in trading platforms this broker offers. Unlike other brokers that offer a range of account types with lower spreads linked to higher minimum deposits, ThinkMarkets offers only two market-execution accounts. The Standard Account has the trading costs included in the spread while the ThinkZero Account offers tighter spreads and a small commission per trade. ThinkMarkets earns the bulk of its revenues from spreads and commissions, where it maintains a competitive environment. The commission-free mark-up commences from just 0.4 pips, one of the best offers available among all online brokers, while the average is 1.2 pips. Active traders will benefit from raw spreads as low as 0.0 pips with an average of 0.1 pips for a commission of $3.50 per lot or $7.00 per round lot.

think markets review

As professional traders have a greater understanding of leveraged trading and access to greater capital, trading conditions set by the regulator are more relaxed for traders who qualify. ThinkMarkets are regulated by multiple top-tier financial authorities around the world. The broker also provides access to more than 3,500 CFD shares and 352 ETFs to speculate on.

Minimum Deposit

ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. A self-service FAQ client portal and online query form are also available on the broker’s website. Customer support is open 24 hours a day on all trading days, which is something we always appreciate. Yes, ThinkMarkets make a wide range of markets available including crypto, forex, and commodities.

  • I feel it important to let all traders out the know they should stay away from these guys.
  • Resources aimed towards beginner traders offer a soft introduction to forex trading, with how-to guides and glossaries available.
  • With social trading, clients could copy or share their portfolios with other traders.
  • However, it is worth mentioning that other non-Australian stocks like Apple etcetera are available for CFD trading but not investing.

Autochartist is an award-winning automated technical analysis tool that works with MT4 and identifies trading opportunities across hundreds of financial instruments. The benefit of brokers offering third-party platforms such as MT4 and MT5 is that traders can use the platforms should they choose to migrate to another broker. However, MT4 and MT5 are often not as user-friendly as ThinkMarkets’ proprietary platform.

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Mobile charting indicators can be a useful tool to help traders analyze price trends, identify potential entry and exit points, and make informed trading decisions. 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 Australian forex brokers and the best UK forex brokers to see how the broker compares to the category leaders.

Overall, we’re satisfied the broker is highly regulated and trustworthy. ThinkMarkets do not currently have any active promotions or offers. Stay up to date with breaking market news, important economic events, and regular week ahead analysis. Find out the latest trading insights shared by our in-house market analysts. Access all major US and global indices to diversify your portfolio. Get $25,000 of virtual funds and prove your skills in real market conditions.

Learn to trade with ThinkMarkets

A well-respected regulator, the BMA ensures that ThinkMarkets keeps all client funds segregated from company funds in top-tier banks. It also ensures that ThinkMarkets is audited regularly to ensure that clients are being treated fairly. The customer support is also excellent, but we recommend you approach the support team over live chat. MetaTrader 4 and MetaTrader 5 are third-party trading platforms developed by MetaQuotes Software. ThinkMarkets offers CFDs trading services with Forex, Indices, Shares & ETFs, Futures, Commodities, and Cryptocurrencies instruments.

Spreads on our forex, indices, and cryptocurrencies trades were much below the average industry benchmark. ThinkMarkets offers multilingual to customers with the provision of contact details such as a telephone number and an email address through which queries can be handled. The applicant is required to fill out the online application form which features basic information. Along with the application, the applicant will have to provide documentation to verify their identity along with their proof of residence. 👉 ThinkTrader is ThinkMarkets’ proprietary platform with over half a million users globally and more than 15,000 five-star reviews.

Both intermediate and experienced traders can use thinkMarkets’ education materials. The broker has numerous articles and trading guides to assist traders in understanding the fundamentals of trading and possessing adequate knowledge of the working of the platforms. Charting no doubt is an essential component of trading, and it’s what makes a trading platform superior. ThinkTrader offers 50+ intelligent drawing tools and 80+ indicators. ThinkMarkets has a relatively simple fee structure that is dependent on the type of account you have. With a standard account, you are not required to pay any commission.

ThinkMarkets Minimum Deposit

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Another advantage of using MT5 over MT4 includes the trading platforms for customer support. With MT4’s customer service being phased out, less help is available for those with trading platform issues or queries. Forex traders following Sharia law can sign up to ThinkMarkets Islamic Account. Islamic trading accounts do not pay and receive swap rates derived from interest rates and instead pay a flat rate fee for open positions. In place of swaps (also called overnight fees or rolling fees), ThinkMarkets charges a flat rate weekly administrative fee for positions held 7 days or longer.

Although they do offer a lot of base currencies including AUD, NZD, USD, and EUR. Some of them might not be available to some ThinkMarkets traders because of their country of residence. With a Joint Account, it is now possible for two or more individuals to engage in trading with the same account. This means that all parties involved will be able to withdraw, deposit, and place any trades they wish to. ThinkMarkets reserves the right to charge an inactivity fee, in case there was no trading activity detected in your account for at least 90 days.

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Including real time behavior of the markets and the stocks you choose to monitor. And you also have the option of contacting customer service in case you need more help. The fact of being able to create a demo account and be able to test the platform seems like an excellent opportunity to learn how to handle trading, if this is something you want to dabble in. Unlike the Standard Account, the ThinkZero account is recommended for traders with higher capital. Holders of ThinkZero accounts will be able to trade up to 100 lots with a commission of $3.5 per lot. You will also have access to all of MarketTraders’ trading platforms, including an account manager.

However, it is worth mentioning that other non-Australian stocks like Apple etcetera are available for CFD trading but not investing. While ThinkTrader performs multi-device trading with 80 indicators, 50 drawing tools and 14 chart types, and up to 200 cloud-based notifications at no charge. Expert Advisors are offered with no restrictions and also stop loss and other risk think markets review management tools due to the high risk involved are included. Withdrawing funds from ThinkMarkets account is quick, simple, and hassle-free. What is also great, there are no charges for deposits or withdrawals which is definitely a good plus for future trading performance. ThinkMarkets offers to discover hundreds of markets to trade and constantly increases its range.

The currencies available for this method are EUR, AUD, CHF, GBP, and USD. The funds will instantly be credited to your ThinkMarkets account. With their integrated Autochartist, you can quickly scan through thousands of assets and choose the product that fits your trading strategy.

Looking up Think Markets in the FCA’s database confirms that the firm is authorized to operate under the business name TF Global Markets (UK) Limited. Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence. Unfortunately, AU company also has been imposed with trading leverage limitations by ASIC since the end of March 2021. Yes, ThinkMarkets make a wide array of educational materials including tutorials, live webinar sessions, a trading glossary, a knowledge base, and a selection of trading guides.

ThinkMarkets offers you the opportunity to diversify your trading portfolio and trade on a range of 8 metal pairs and 3 energies. They also offer prices on 3 energy contracts (US Crude Oil, Brent Crude Oil and Natural Gas). 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. As ThinkZero spreads are tighter than standard, commission-free spreads, customers pay a flat rate commission fee for each side of the trade. Create or modify a watchlist on your mobile and the changes are not reflected on your tablet.

think markets review

These contracts include cocoa, cotton, coffee robusta, platinum, WTI, and BRENT. Trading futures with ThinkMarkets entitles you to a margin of 0.5% up to 3% with a minimum spread of 0.05 to 15 points. ThinkMarkets has a Margin Call Policy that is being implemented on forex, indices, and energy assets. When your margin call level reaches 50%, ThinkMarkets automatically liquidates your open trades.

This includes not only technology but reliability, expert customer service, and fair pricing. The layout is user-friendly and even beginner traders will not get lost in finding their way around the website and accessing educational tools to start trading. Overall, ThinkMarkets can be summarised as a trustworthy and worthwhile broker that is very competitive in terms of its trading fees (against major currency pairs). 71.89% of retail investor accounts lose money when trading CFDs with this provider. In addition to this platform, however, the broker also offers the classic MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

The company’s swap rates are calculated each day at 4.59 pm New York time/11.59 pm MT4 platform time (GMT+2) (timings may vary due to any holidays). Swap rates will be charged on trades that have been opened before 4.59 pm and held open past this time. ThinkMarkets traders are charged a very tight spread when compared with the mean spread rate of the market. The spread rates are also variable due to changing market conditions. Its spreads, even with high volatility in the market, can start from as low as 0 pip on EUR/USD.

ThinkMarkets may refuse a request on trading accounts with minimal trading activity, or if the withdrawal risks a negative account balance. adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

It is intuitive, scans the market for opportunities 24/7, and provides a comprehensive analysis and constant notification alert system. Autochartist is one of the best technical analysis tools on the markets, and ThinkMarkets does well to offer this tool to its clients. Overall, ThinkMarkets offers a decent range of funding methods, deposits and withdrawals are free, and processing times are reasonable. We define beginner traders as inexperienced traders who have never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek. Malaysians will be trading under the subsidiary, Think Capital Limited, authorised and regulated by the BMA.