- Tight Spreads
- FCA Regulated
- Accepts Paypal
|Trading Platform||Web Trader & MT4|
|Free Demo Account|
|US Traders Allowed|
ThinkMarkets is an online forex broker offering cutting-edge trading solutions to its clients across the globe. The broker offers margin-based trading in currencies, stocks, indices, metals, cryptocurrencies (bitcoin, ethereum, litecoin, ripple) and CFDs. The company has established sound infrastructure to provide its clients extraordinary services with a variety of financial assets and markets. The broker has a large customer-base in almost every part of the world other than United States, Iran and North Korea.
The broker offers three type of trading accounts including standard, pro, and VIP account. Considering the security of clients’ funds, the broker holds investment of its clients in segregated accounts that are maintained in Investment grade banks having AAA rating. The company offers 24/6 customer support using email, telephone and live chat. It also has a wide range of deposit and withdrawal methods available to facilitate its customers.
A Brief History
In 2010, ThinkMarkets, previously known as ThinkForex, launched its operations in New Zealand. The core objective of the broker was to raise standard of forex trading by implementing cutting-edge technology so the clients can experience best trading environment. The company continued its journey of success by introducing VPS services in 2011. A year later, the company was relocated to Australia, where it got regulated by the Australian Securities and Investment Commission (ASIC).
In 2012, ThinkMarkets was crowned with the best customer services award. In 2014-15, the broker witnessed a commendable progress by winning the Best Broker title by a leading Forex portal FXStreet. Same year, the broker introduced a secure login portal named ThinkPortal. The company also established its regional office in the UK during 2015 and introduced a generous affiliate program for advertisers and Introducing Brokers (IBs). The company’s propriety trading platform ThinkTrader was launched in 2016.
Suitable For Beginners
ThinkMarkets was formed to provide its clients an improved forex trading experience. Keeping this in view, the broker offers user-friendly operating interface in all its trading platforms. A friendly customer support staff is also available round the clock to assist its clients and help them understand how to use trading platform. The broker also offers a demo account so that beginners can get their hands-on by learning and practicing different trading strategies. Experienced traders can also use demo accounts to improve their trading skills without losing any money.
What Makes ThinkMarkets Different From Its Competitors?
Unlike other forex brokers, ThinkMarkets pays special attention towards newbie traders. Educational tutorials are available at ThinkMarkets to educate newbie traders about the ins and outs of forex trading. By following videos and glossary section of thinkmarkets, beginners can learn trading terminologies and understand different trading aspects. On the other hand, experienced traders can benefit from the technical analysis, fundamental analysis, financial news and various trading strategies explained on the company’s official website under education tab.
Other Key Features
- Thinkmarkets offers advanced trading tools for hassle-free trading.
- The broker offers institutional account with absolutely zero commission
- It offers fix spreads on indices, ranging from 0.4 to 0.8 pips.
- It offers more than 200 cloud-based signals/alerts without any charges every month.
- It offers exceptional security to clients’ funds
- The broker provides excellent multilingual customer support round the clock.
- Its clients can benefit from daily trading analysis and market updates.
How to Get Started?
Getting started with Thinkmarkets is very simple. All you need is to submit a basic account opening form available on the homepage of broker’s website. Few minutes after you submit the account opening form, you receive an email, having your member’s area login details. After logging into your member’s area, you can submit your verification documents that include proof of identity (national id card or driving license) as well as proof of address (bank statement or utility bill). Once your account is verified, you can proceed with making deposit and start trading.
Cryptocurrencies Supported At ThinkMarkets
ThinkMarkets supports following cryptocurrencies at present;
The broker offers three type of trading accounts to its client;
Standard: It is a basic-level account available at ThinkMarkets. The minimum deposit required to open standard account is $250 only. It is a commission free account with available leverage of upto 400:1. Clients having standard accounts can enjoy spreads as low as 0.4 pips on forex and 0.9 pips on CFDs. The minimum contract size available for standard account is 0.01.
Pro: It is a medium-level account offered to traders having surplus funds available. Clients having pro account need to deposit $2000 at least. All features in the pro account are same as that of standard account with an exception of a commission which is 2.5 units for each side. The spread in the account is as low as 0.01 pips.
VIP: It is an advanced-level trading account reserved for VIP traders only. It requires its users to deposit $25000 to get started. It includes additional features such as free VPS, autochartist tool, daily insight, and a dedicated account manager.
The broker offers multiple trading platforms including Trade Interceptor and MetaTrader4. Traders can choose the one they feel most comfortable with. Compatible versions of both trading platforms are available for desktop, mobile and tablets. Clients can download them from Google Play and Apple’s app store free of cost.
Deposit and Withdrawal
The broker offers hassle-free deposit and withdrawal operations using all popular payment methods including but not limited to cards (debit/credit), electronic wallets (Skrill, Neteller), fast bank transfers and other local payment methods.
The broker offers excellent multilingual customer support to its clients round the clock. Clients can access broker 24/6 via telephone, email and live chat. The customer support staff is friendly and responsive. Broker’s contact information can be found by clicking the “Contact Us” tab at www.thinkmarkets.com.
ThinkMarkets is one of leading brokers offering cutting-edge forex trading services to its clients all over the world. The broker is regulated and provides foolproof security to its clients’ investments. The broker also ensures protection of all the information that takes place over the internet by means of SSL encrypted web protocols. Competitive spreads, generous leverage and professional customer support distinguish Thinkmarkets from its competitors.Visit Broker