Moreover, social trading with ZuluTrade comes in handy for investors keen to invest in the portfolios of other traders. ThinkMarkets places a strong emphasis on ensuring the reliability and security of its platform. The broker takes several measures thinkmarkets broker review to provide a secure trading environment for its users. Firstly, ThinkMarkets utilizes advanced encryption technology to safeguard client information and transactions. This encryption ensures that sensitive data is protected from unauthorized access.
Great support
Plus, the broker does not have a licence to practice banking operations. In addition, the broker does not facilitate traders from a few countries, such as the US. ThinkMarkets Australian brokerage services are located in Melbourne and regulated by the Australian Securities and Investments Commission (ASIC). As an ASIC-regulated broker, TF Global Markets (Aust) Limited has to ensure clients’ funds are held in segregated accounts, yet investor balance protection or closeout margins are not a legal requirement. ThinkMarkets offers competitive spreads for both its Standard Account and ThinkZero Account types. Standard account spreads are wider, as there are no commission costs.
Does ThinkMarkets have a demo account?
- 4th Sep slippage in EURCAD was 300 pips, GBPJPY slippage is 150 pips, even EURUSD slippage is 50 pips.
- It appeals to seasoned traders, in particular, offering more advanced trading tools and analysis features.
- For its non-English users, ThinkMarkets offers 15 different languages ranging from Spanish to Greek to expand the reach of its trading platform.
- The broker offers its clients a vast array of research materials, such as trading news and ideas, market breakdowns, special reports, and others.
- For beginners, there are free video tutorials and a trading glossary.
- The main downside is that it does not include live pricing, even at an extra cost.
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 top UK forex brokers to see how the broker compares to the category leaders. Equinix’s LD5 centre is located 11 miles from the centre of London and is where over 1000 exchanges, companies and liquidity providers operate.
Trade with a Regulated Broker
The broker supports trading on some of the most popular Cryptos such as Bitcoin and Ethereum. Their Crypto spreads are low with no contract expiration and the ability to go long or short. Cryptocurrencies are highly volatile and traders can speculate on if they believe their value will increase or decrease in relation to the currency of their choice. At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Most importantly, the two account types have no minimum stop-loss/take-profit requirements. That means that traders can place extremely tight stop-loss and take profit orders (close to the entry price), allowing them to cap their trading risk more effectively.
ThinkMarkets vs Other Brokers
Traders can use live chat, phone or email to get in touch with the ThinkMarkets multilingual customer support team. The list of available CFD products can be traded across ThinkMarkets’ suite of powerful trading platforms (MT4, MT5 and proprietary platform ThinkTrader). However, the FX broker offers a more diverse list of tradable shares CFDs on its MT5 and ThinkTrader as compared to the MetaTrader 4. 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. Spreads on standard accounts that charge no commission fees are competitive when trading forex with ThinkMarkets.
It has a broad range of technical indicators and drawing tools that are several times more numerous than MT4 and MT5. ThinkTrader has a sleeker design compared to the other two, is easier to navigate, and affords a more detailed outlook into price action behavior. ThinkMarkets is also quite thorough when it comes to presenting readily available information. ThinkMarkets was established in https://forexbroker-listing.com/ 2010, and since then, it has grown into a widely trusted broker with global exposure. We’ve reviewed its T&Cs, legal documents, platforms, and fees and found them all to be quite transparent. Additionally, ThinkMarkets is an ideal choice for chart artists and technical traders, thanks to its comprehensive content library and feature-laden platform, enabling thorough technical analysis.
Good market judgment, a reliable broker.
Those scalping, day trading or developing automated trading strategies are better suited to a ThinkZero account type that offers ECN-style trading and pricing. Beginner traders may benefit from the simplicity of ThinkMarkets standard account, where there are no additional commission fees. Established back in 2010, ThinkMarkets is an award-winning broker with headquarters in London and Melbourne. ThinkMarkets are a multi-regulated broker with a customer support team available 24/7 throughout the trading week that is contactable by phone, live chat, or email for clients worldwide. With a choice of three trading platforms, including their own award-winning proprietary trading platform, ThinkTrader, ThinkMarkets is a great option for both beginners and experienced traders. ThinkMarkets is a regulated global online broker with great emphasis on client security.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues. ThinkMarkets is overseen by top-tier regulatory bodies such as the FCA in the UK, and ASIC in Australia.
The sign up process for my live account was very smooth and TM’s feedback via email after sending documents and clarifications is pretty much instantly. Another example, I had requested to change my demo account balance. This is a good impression, and I feel like I can count on TM’s support when needed. If you are a scalper as want to withdrawal the amount within in a 20 minutes. They won’t charge any commission as well as withdrawal process is fast and also the costumers support ❤️.
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. Islamic account holders trading major forex pairs incur $5 financing fees, while a $10 fee is charged when trading minor forex pair. The award-winning mobile program offers thousands of markets, in-app chat support, plus a breadth of analysis tools and technical indicators. 71.89% of retail investor accounts lose money when trading CFDs with this provider.
Many users complained that the company did not stick to its promises, describing situations where they had difficulty withdrawing funds and placing a trade due to the slow transfer rates. The customer service, considered below par by many, left users waiting for days and weeks to resolve their minor issues. Needless to say, many strongly advised everyone against using their platform. The broker’s lot sizes are customizable with the lowest amount being 0.01 lot. This ensures that traders even with a small amount of money deposited can start trading.
