ThinkMarkets Review

$250MIN. DEPOSIT
Up to 400:1
Buyback + Insurance Protection
NO DEP. BONUS
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ThinkMarkets
Buyback + Insurance Protection
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Overview

Company Information Should you be looking for an FX broker that delivers ground-breaking technology with tailored solutions created by traders for traders, ThinkMarkets is among your top selections. The foremost… more

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Details

BrokerThinkMarkets
Website URLwww.thinkmarkets.com
Founded2010
HeadquartersLondon, United Kingdom
Support Number+44 203 514 2374; +61-3-9093-3400; +34-911829975
Support Emailsupport@thinkmarkets.com
Support TypesE-mail, Phone, Contact Form, Live Chat
LanguagesEnglish, Arabic, German, Vietnamese, Spanish, Malay, Italian, Indonesian, Greek, Chinese
Minimum 1st Deposit$250
Minimum Trade Amount0.01 lots
Maximum Trade Amount1.0 lots
BonusBuyback + Insurance Protection
PayoutUp to 400:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Conduct Authority (FCA)
Account TypesStandard, PRO, VIP
Deposit MethodsSkrill, NETELLER, MasterCard, VISA, PayPal
Withdrawal MethodsSkrill, NETELLER, MasterCard, VISA, PayPal
Types of AssetsForex, Indicies, Metals, Commodities,
Account CurrencyAUD, USD, SGD, GBP, EUR, NZD, CAD, CHF, JPY
ECN Broker No
Scalping Allowed Yes
Managed No
Lowspread Yes
Forex Demo Contests No
Forex Live Contests No
US Traders Allowed No

Full Review

Company Information

Should you be looking for an FX broker that delivers ground-breaking technology with tailored solutions created by traders for traders, ThinkMarkets is among your top selections.

The foremost brokerage has invested tonnes of efforts in its infrastructure in an effort to offer award-winning services within an ever-growing array of markets.

2010 experienced the inception of ThinkForex in New Zealand, the ambition of which was to ameliorate the experience of trading currencies by providing industry-leading technologies to the global trading community.

A year after that, the company relocated its worldwide headquarters to Australia to improve customer safety under the regulation of ASIC. This was one of the founding pillars of a global development to catch up with the increasing demand for extended product offerings in the trading of CFDs and Metals.

In 2012 and 2013, it secured many awards, comprising Best Broker Australia & Best New Broker. 2015 was marked by the introduction of ThinkPortal – a dedicated safe login portal to offer superior security and ease-of-access for ThinkMarkets’ clients. In the same year, the company established its office in the UK, sternly regulated by the FCA.

2016 was another breakthrough for the Forex entity, which incepted ThinkTrader – its own proprietary trading platform. The platform experts designed and created it in-house on the basis of user experience testing and in-depth client research.

Trading Information

ThinkMarkets packs a great selection of three (3) trading accounts that all come with various perks and cutting-edge features.

The Standard account’s minimum initial deposit amounts to $250. The minimum contract size for the Standard trading account is 0.01 lots and there aren’t any commissions. The spreads for Forex for this account are from 0.4 pips. The spreads for Metals and CFDs commence at 25 cents and 0.9 points, respectively. The perks for this account are Daily insight and 24/6 Live Support.

Pro account holders can begin trading only after $2,000 has been deposited. The minimum contract size for this account is set to 0.01 lots, while the commission is 2.5 units per trade. The spreads for Metals and CFDs begin at 25 cents and 0.9 points, while for Forex, they begin at 0.1 pips. 24/6 Live Support, Daily Insight, an Account Manager, a Free VPS Service, and Autochartist are the bonuses of the Pro account.

To incept trading via a VIP account, $25,000 is the minimum deposit to do so. The minimum contract size for VIP account holders is 0.1 lots, while the commissions are negotiable (contact ThinkMarkets to discuss them). The Forex spreads commence at 0.1 pips, while those for Metals and CFDs are 25 cents and 0.9 points. The VIP account benefits from all perks for the Pro account + FIX 4.4 API connections – used to directly interface with the MT4 server with a PHP programming language.

All three accounts profit from a max leverage to the tune of 400:1, a free demo account, and lot size of 1.0 (100K). All of the accounts – the Standard, the Pro, and the VIP – can be Individual, Joint, as well as Corporate, and save for the VIP, the other two can also be swap-free.

Trading Platforms of ThinkMarkets

ThinkMarkets prides itself on being a truly innovative brokerage. Thus, it strives to always be on the cutting edge of technology. For that, it offers exclusive platforms to address the necessities of the modern, dynamic trader.

The proprietary Trade Interceptor platform serves 500,000+ users worldwide and has received 15,000+ five-star reviews. The perks of ThinkMarkets’ platform are:

  • 80+ intelligent indicators, 50+ drawing tools, as well as 14 chart types.
  • The TrendRisk Scanner instrument serves for scanning the markets and spotting high-probability trades.
  • The leading-edge mobile app is world’s No. 1, allowing you to directly trade from charts. The split-screen and quad-screen views permit you to monitor up to 4 different markets or 1 market in 4 different timeframes. This is an exclusive feature of ThinkMarkets’ mobile app.
  • Cloud-based trigger & alerts.

The pioneering Forex broker provides its revered clients with the sophisticated MetaTrader 4 trading platform, known for its capability of running thousands of EAs. Additionally, it lets you optimise your trading strategies via back testing them. The platform is maintained on servers that are in high-end co-location centres, placed there for ultra-rapid trade execution. Profit from first-class tools, indicators, and apps. The MT4 is accessible via web, through mobile or via Mac.

Security and Customer Services

ThinkMarkets mollycoddles its respected customers with a superior fund security. Being a premium online brokerage, it is not only superintended by world’s most-trustworthy financial regulatory entities, but it is also entirely devoted to safeguarding the entire client fund security. The broker’s customers can easily and peacefully trade, being aware that the company is registered with the regulatory bodies of Australia and the UK.

The world-class security is further strengthened by the fact that client funds are kept in carefully picked top-tier banking institutions, including Barclays, the Commonwealth Bank of Australia, and the National Australia Bank. At the same time, they are entirely segregated from ThinkMarkets’ own funds thanks also to a daily fund reconciliation.

The impeccable, customer support centre of ThinkMarkets is another reason to opt for this broker. Its services are provided via a live chat, telephone line, e-mail support, and a Call-back function. A “Learn to Trade” page on the website packs a powerful educational punch for both newbie and seasoned traders.

The trailblazing website of ThinkMarkets is available in English, Arabic, German, Vietnamese, Spanish, Malay, Italian, Indonesian, Greek, and Chinese.

Deposits and Withdrawals

Depositing your account at ThinkMarkets occurs through a bank wire transfer, a credit/debit card (MasterCard, VISA), as well as via e-wallets (Skrill, NETELLER, and PayPal). The following methods not only are confidential and secure but they are also quite convenient. To deposit cash in your account, you need to log yourself into ThinkPortal and go to “Deposit Funds”.

Bank wire transfers require 1-3 bank days and are accessible in AUD, GBP, CHF, USD, and EUR. MasterCard and VISA deposits take up to 12 hours and the currencies available are the same as those for bank wires. PayPal deposits are instantaneous (e-cheques necessitate 5-7 business days) and the currencies there include AUD, CHF, SGD, EUR, NZD, USD, JPY, CAD, and GBP. Skrill and NETELLER need 12-24 hours. The currencies for them are AUD, CHF, USD, EUR, and GBP.

Withdrawals are executed via ThinkPortal, utilising the same methods. Bank wire withdrawals necessitate 3-5 bank days. ThinkMarkets does not charge any extra fees, but there might be additional charges imposed by the intermediaries up to $25. The minimum amount for withdrawing via a bank wire is $30, but there is no max limit. However, for withdrawals via Skrill or NETELLER, the cap is $10,000 currency units.

Deposit Bonus and Loyalty Programmes

ThinkMarkets’ most generous perk for all of its clients is the insurance protection it offers. For no extra cost, the broker provides £1m insurance protection in excess of FSCS in the unlucky event of the company’s insolvency or default.

With ThinkMarkets’ Expert Advisor Buyback promotion, you are capable of making the move to ThinkTrader and cashing in your EA for up to $250. Terms and conditions apply to this promotion. For instance, demo accounts are not eligible for it.

To top everything off, the revolutionising Forex brokerage frequently hosts webinars on topics as diverse as regulation, market analysis, ThinkMarkets policies, and more. Ensure you register beforehand to secure a spot.

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