ThinkMarkets Reviews Read Customer Service Reviews of www thinkmarkets.com

The possibility to make swift course corrections to open trades is probably the biggest advantage of any trading app. Brokers operate multiple entities because it allows them to serve clients worldwide. But licenses by different regulators do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others have much more relaxed requirements for brokers. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand. 24/7 customer service, no hidden fees, a library of educational resources, and other programs and services make it an attractive option to many traders.

Trading Source

The friendly support team can be prompt and efficient at responding to general and technical questions. ThinkMarkets offer Trading Central’s suite of tools for smarter trading. Trading Central are an industry leader in the provision of actionable trading ideas. Their product suite offers both human and automated interpretation of technical, fundamental and value-based analytics.

Does ThinkMarkets have a demo account?

However, it’s worth highlighting shares with ThinkMarkets are CHESS sponsored, which some of the smaller providers don’t offer. You may link a margin account if you choose, but it must be among the providers approved by ThinkMarkets. MT4 has a plethora of built-in features and tools, including technical indicators, drawing objects, robots and signals. In addition to the already substantial platform, ThinkMarkets provide you with the brilliant Trading Central market analysis tool, a global leader in financial research.

What CFDs does ThinkMarkets offer?

Its spreads, even with high volatility in the market, can start from as low as 0 pip when you trade EUR/USD. The broker operates in various regions of the world, not limited to the United Kingdom, Europe, and Australia. Moreover, they offer 15 different languages to enable international traders to comfortably trade on the platform in their preferred language.

FP Markets Fees and Spreads

1. But licenses by different regulators do not always entail the same degree of protection.
2. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
3. When trading forex, you trade in anticipation of which direction one currency pair will move in relation to another.
4. No wonder 90% of traders are unsuccessful trading yet the broker continues to receive his/her commission irrespective.

Eligible clients are also covered by the FSCS compensation scheme whilst client funds are held in segregated accounts. This regulation gives me confidence that they are a broker who I can trust and can therefore focus on my trading without being concerned that something will https://forexbroker-listing.com/ go wrong. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. ThinkMarkets earned a perfect score in the Customer Support category.

The minimum balance required is $500 with a commission charge of $3.5 per side, which applies to FX and metals only. There is a free VPS offered to clients who trade at least 15 round lots per month. ThinkZero account holders also can trade in bigger volumes than Standard account holders. ThinkZero accounts come with the added benefit of a dedicated account manager. The broker has a generous selection of trading instruments from multiple markets including Forex, Commodities, Cryptocurrency (excluding UK), Stocks, Shares, Indices, Metals, Energies & CFDs. There should be enough instruments to satisfy most traders but they don’t quite compare to IG who have more than 17,000 for you to choose from.

How to open a ThinkMarkets account

This data centre has an uptime record of 99.99% and offers some of the fastest available execution speed. Professional traders will lose negative balance protection and automotive close you when trading account equity falls below 50%. 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. If you are looking to get your skin in the trading game but don’t know much about forex or other CFD product, then social trading can be a solution.

I have used diffferent brokers and platforms before trying thinkmarkets and I can confidently say, without bashing anyone, that ThinkMarkets is the best i’ve ever dealt or traded with. Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency.

It is worth noting that you can get access to a news calendar that is built in to the MT5 platform which makes it easier to follow the latest news releases. Many brokers provide MT4 to their clients which makes it a good platform to learn because you will have plenty of choice should you decide to change providers down the line. The downloadable version of MT4 is the most powerful version, and is needed it you plan on running automated systems. Moreover, clients under the broker’s European entity have additional protection through the Investor Compensation Fund (ICF) which compensates traders up to €20,000 in case the company goes bankrupt.

The broker provides them with access to 3,100+ ASX and Chi-X shares, with a flat fee brokerage of only $8 per trade (provided that the trade value does not exceed $200,000). However, it is worth mentioning that other non-Australian stocks like Apple etcetera are available for CFD trading but not investing. ThinkMarkets is a financial broker that operates under the oversight of several regulatory bodies in different regions. thinkmarkets broker review In the United Kingdom, the broker is regulated by the Financial Conduct Authority (FCA), which is known for its strict regulatory standards and commitment to investor protection. Additionally, ThinkMarkets is also regulated by the Cyprus Securities and Exchange Commission (CySEC), providing further assurance to traders. While I have only experienced the DEMO account I did find that it was beginner friendly.

The broker enables you to take positions on global indices from just 0.4 points on ThinkTrader or tight variable spreads on MT4. An index is made up of a group of shares and is used to track the performance of a country’s economy, a market sector or an exchange. Some of the most traded indices include the Dow Jones Industrial Average, S&P 500, FTSE, DAX, ASX200, NASDAQ, CAC, EuroStoxx and Nikkei 225.

👉 Demo accounts for the MT4/MT5 will expire after 90 days of inactivity, so please make sure you use the platform periodically. Demo accounts on ThinkTrader currently do not expire but ThinkMarkets does reserve the right to close them. 👉 The UK FSCS provides UK clients with a cover that falls under an ‘investments’ claim category. 👉 Within the broker’s entity in Europe, clients may claim up to €20,000 through the Investor Compensation Fund (ICF) in case ThinkMarkets defaults. 👉 This requirement and protocol prohibit ThinkMarkets to use client funds for any operational, or other reason.

The currencies that are accepted include USD, AUD, EUR, CHF, GBP, SGD, NZD, CAD, JPY, and ZAR. ThinkMarkets provides traders with several ways within which to make deposits into their trading accounts. The currencies that are accepted will depend on that of the payment provider.

CFD trading can be done on over 3,500 financial instruments including forex currency pairs, cryptocurrencies (outside UK), indices and futures to metals, commodities and shares & ETFs. This provides actionable trading signals directly into the broker’s platforms. Traders can receive up to 40 signals each day spanning popular financial markets, including forex, equities, commodities and indices. ThinkMarkets is a trustworthy broker offering trading in forex and CFDs.

In addition to MT4, they also provide the MetaTrader 5 (MT5) platform which is similar its predecessor although it has increased features and functionalities. The MT5 interface as a similar layout however it comes with many additional timeframes, services and advantages. It contains information about more than 50 indicators and patterns, including what they mean, how they are used, and more. These descriptions are supported by images and practical examples. Your account should reflect your goals, needs, and ambitions on the market.

Despite the many positives, the overall fees can work out cheaper with other brokers if you shop around, FXTRADING.com being an example of a broker with lower commission fees and a similar offering. ThinkMarkets is an established and licenced online broker that prioritises client protection. They use cutting-edge trading technology and offer innovative trading platforms to clients all around the world. The account types are versatile and suitable for different trading strategies, whilst you may access a good variety of financial instruments and premium trading tools to help improve your market analysis.