ThinkMarkets Review 2024

What is ThinkMarkets?

ThinkMarkets is a multi-awarded provider of online trading services. Established in 2010, it has made trading accessible to everyone, placing great importance on trading education and financial literacy. ThinkMarkets empowers traders with opportunities across a wide range of financial markets on their award-winning trading platform, ThinkTrader. From learning the basics to developing strategies to actual execution, ThinkMarkets provides full guidance to traders throughout their trading journey. The company has a vision to be the #1 trading platform enabling traders and investors to trade from the palm of their hand. It has been providing world-class service since 2010. The timeline of ThinkMarkets includes:. 2010-2011: Creation of ThinkForex, forerunner of ThinkMarkets. 2013: Regulated by the Financial Conduct Authority (FCA) in the UK. 2017: Acquired Trade Interceptor and launched ThinkInvest. 2020: Launched share investing. 2022: Regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Agency (FSA) in Japan. 2023: Licensed by the Dubai Financial Services Authority (DFSA). ThinkMarkets is a highly regulated broker with licenses from various authorities including ASIC (Australian Securities and Investment Commission), FCA (Financial Conduct Authority, UK), JFSA (Japan Financial Services Agency), CySEC (Cyprus Securities & Exchange Commission), FSCA (Financial Services Conduct Authority, South Africa), CIMA (Cayman Island Monetary Authority), FSA (Financial Services Authority, Seychelles), FSC (Financial Services Commission, Mauritius), NZFMA (New Zealand Financial Markets Association), and DFSA (Dubai Financial Services Authority). The company offers excellent trading conditions with tight spreads on a ThinkMarkets standard account and as low as 0 pips on a ThinkZero account. They provide fast execution of trades with their data partner Equinix, one of the world’s largest data centres. They also offer 24/7 client support and data security with the latest encryption technology. Traders can practice their trading strategy completely risk-free using virtual funds on a demo account. ThinkMarkets has received multiple awards over the years for its excellent service. It has a global presence with offices and hubs around the world. As of now, it has more than 450k client accounts. , 14 awards. , 8 licenses. , and 11 offices.

What is the Review Rating of ThinkMarkets?

What are the Pros of ThinkMarkets?

ThinkMarkets is a well-known and licensed online broker that offers a variety of advantages for forex trading. Here are some of the key benefits:. Wide Range of Trading Instruments: ThinkMarkets offers a large selection of over 1,000 tradeable instruments from various asset classes, including CFDs on forex, cryptocurrencies, shares, indices, ETFs, and commodities. Advanced Trading Platforms: The broker provides convenient market access via the MT4, MT5, and ThinkTrader platforms on all of your desktop, web, and mobile devices. Fast and Reliable Order Execution: ThinkMarkets has powerful servers located in London and Hong Kong. Liquidity from top banks and dedicated servers helps ensure that you can get your trades executed at the best market prices with the lowest latency possible. Social Trading and VPS Hosting: The broker offers VPS hosting for running your platforms 24/7 and ZuluTrade for social trading, which is a big advantage for investors who want to run automated trading systems or copy other professional traders’ portfolios. Educational Resources: ThinkMarkets has a hefty collection of useful educational resources, including an abundance of videos, trading courses, market analysis, and dedicated research tools such as Trading Central and Autochartist. Demo Trading Accounts: The broker provides demo trading accounts which is a great way for you to practice trading online and familiarise yourself with the provided platforms. Zero Spread Accounts and Islamic Trading Accounts: The broker provides zero spread accounts and Islamic trading accounts to facilitate traders from all backgrounds. Regulation: ThinkMarkets is authorised and regulated by top-tier government regulatory authorities, including FCA, CySEC, and ASIC. Please note that trading in forex and other leveraged products involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

What are the Cons of ThinkMarkets?

ThinkMarkets, a regulated forex and CFD broker, has several disadvantages that potential investors should consider:. High Fees for Some Services: While trading services are free, other services such as deposits and withdrawals can be expensive. Limited Range of Markets: Despite offering a wide range of instruments, some markets such as stocks and bonds are not available. Absence of Cent Accounts: ThinkMarkets does not offer cent accounts. Cent accounts are popular among beginners because they allow trading with significantly smaller deposit amounts. Lack of Bonus Programs, Contests, and Promotions: Unlike some other brokers, ThinkMarkets does not hold bonus programs, contests, or promotions among its clients. Trading Terminals Often Freeze: Some users have reported that the trading terminals often freeze. , which can be a significant issue, especially for day traders who rely on the stability of the platform. Please note that while these points highlight some of the potential drawbacks of ThinkMarkets, it’s important to consider the overall trading conditions, customer service, and regulatory status of the broker before making a decision. It’s always recommended to do thorough research and consider multiple sources of information before choosing a forex broker.

What are the ThinkMarkets Current Promos?

ThinkMarkets, an award-winning CFD trading broker. , offers a variety of promotions to its users. Here are some of the current promotions:. Refer a Friend: This program allows you to earn $50 for every successful referral, up to $1000 every 30 days. The more friends you refer, the more you can earn. This is a great way to share the benefits of trading with ThinkMarkets with your friends and earn some extra cash at the same time. Crypto Deposit Bonus: ThinkMarkets also offers a crypto deposit bonus. This promotion is designed to reward users who choose to fund their accounts using cryptocurrency. It’s a great way for crypto enthusiasts to get more out of their trading experience. Dynamic Leverage: With ThinkMarkets, you can start trading for as low as $10 with dynamic leverage up to 2000:1. This feature allows traders to maximize their trading potential and flexibility. Please note that these promotions are restricted to certain jurisdictions. Always check the terms and conditions before participating in any promotion. In the context of forex trading, ThinkMarkets offers the opportunity to trade on over 40 major, minor, and exotic pairs on the foreign exchange. This, combined with their promotional offers, makes ThinkMarkets an attractive platform for both new and experienced forex traders. Remember, trading involves risk and it’s important to understand the risks involved before you start trading. Always trade responsibly.

What are the ThinkMarkets Highlights?

ThinkMarkets, a versatile broker founded in 2010 and headquartered in Australia, is regulated by prominent authorities such as the FCA, CySEC, and ASIC. It has developed an excellent proprietary platform equipped with a vast array of technical indicators, drawing tools, and unique features. Multiple Regulations: ThinkMarkets operates under seven entities globally, with four regulated by top-tier agencies, offering a high level of protection. Low Costs: The broker offers commission-free and swap-free trading, along with generally low spreads. Feature-Rich Platform: The proprietary ThinkTrader platform boasts a sleek design, an extensive range of technical indicators and drawing tools, and supports in-depth technical analyses. Its mobile version is notable for its versatility and clarity. Vast Array of Instruments: ThinkMarkets provides access to thousands of instruments across various asset classes, including FX pairs, commodities, shares, indices, cryptos, futures, and ETFs. Additional Tools: The broker also offers free VPS hosting and integrates Myfxbook for social trading. ThinkMarkets has built a highly intuitive and customizable platform that offers hundreds of technical indicators and drawing tools. In some cases, these are 3-4 times more numerous than what is available on MetaTrader 4&5. It also has a very practical ‘TrendRisk’ Scanner that displays currently unfolding trading opportunities. Additionally, ThinkMarkets has one of the richest collections of educational materials covering the broad topic of technical analysis. ThinkMarkets caters to short-term, high-frequency traders with its commission-free trading and low floating spreads, while its ThinkZero account, offering raw spreads with a competitive $3.5 per side commission, appeals to high-volume and long-term traders. 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.

Is ThinkMarkets Legit and Trustworthy?

ThinkMarkets is a well-known financial trading platform that offers a variety of services, including Forex trading. It’s important to note that the legitimacy and trustworthiness of such platforms can often be gauged by their regulatory status, customer reviews, and the range of services they offer. ThinkMarkets is regulated by several reputable authorities, including the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Japan Financial Services Agency (JFSA) in Japan, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Authority (FSA) in Seychelles. This wide range of regulation indicates a high level of oversight and lends credibility to the platform. Customer reviews for ThinkMarkets are mixed. Some users have praised the platform for its customer service and support, fast withdrawals, and efficient problem-solving. However, others have reported issues with the ThinkTrader app and customer service. It’s worth noting that ThinkMarkets has responded to these concerns, suggesting they are committed to improving their platform and user experience. In terms of services, ThinkMarkets offers trading in more than 3,500 global assets, including Forex, Indices, Commodities, Shares & ETFs, CFDs, and Crypto CFDs. This wide range of trading options suggests that ThinkMarkets is a comprehensive platform suitable for various types of traders. In conclusion, while ThinkMarkets appears to be a legitimate and regulated trading platform, potential users should carefully consider the mixed customer reviews and ensure the platform meets their individual trading needs and risk tolerance. As with any financial decision, it’s always a good idea to do thorough research and consider seeking advice from a financial advisor.

Is ThinkMarkets Regulated and who are the Regulators?

ThinkMarkets is indeed a regulated entity, and it operates under the oversight of multiple financial regulators across the globe. ThinkMarkets is a trading name of TF Global Markets Int Limited, which is authorised and regulated by the Financial Services Authority, with the Firm Reference Number SD060. In addition to this, ThinkMarkets is licensed and regulated by several other financial authorities worldwide. These include:. The Financial Conduct Authority (FCA) in the UK. The Australian Securities and Investments Commission (ASIC) in Australia. The Cyprus Securities and Exchange Commission (CySEC) in Europe. The Financial Sector Conduct Authority (FSCA) in South Africa. The Seychelles Financial Service Authority (FSA) in Seychelles. The Japan Financial Services Authority (FSA) in Japan. The Cayman Island Monetary Authority (CIMA) in the Cayman Islands. The Financial Services Commission (FSC) in Mauritius. The Financial Markets Authority (FMA) in New Zealand. ThinkMarkets is committed to maintaining the integrity of the funds being traded on their platform. All client free margin is held in bank accounts with top-tier banks. In case of any disputes or queries related to the Agreement or any aspect of your Account, you should raise this with their Client Management Team. In conclusion, ThinkMarkets is a well-regulated forex broker, operating under the strict supervision of multiple financial authorities globally. This ensures a high level of security for traders and provides a stable environment for forex trading.

Did ThinkMarkets win any Awards?

ThinkMarkets, a renowned CFD trading broker, has indeed been recognized with numerous awards over the years. These accolades are a testament to the company’s commitment to excellence in the financial services sector, particularly in the realm of forex trading. Awards in 2023:. ThinkMarkets was recognized for its outstanding customer service in the MENA region. The company also received an award for the best mobile trading platform/app globally. Awards in 2021:. ThinkMarkets was named the Best CFD Provider at the City of London Wealth Management Awards (COLWMA). Awards in 2020:. The company was honored as the Best Value Broker in Asia at the Global Forex Awards. Awards in 2017:. ThinkMarkets was awarded for the Best Forex Trading Experience and Best Forex Trading Innovation at the UK Forex Awards. Awards in 2013:. The company received an award for the Best Customer Service at the UK Forex Awards. These awards highlight ThinkMarkets’ dedication to providing top-notch trading solutions and its recognition as a trusted and credible brand in the forex industry. The company’s success is a reflection of its unwavering dedication to its clients and its continuous efforts to innovate in the rapidly evolving world of forex trading. ThinkMarkets’ numerous awards and recognitions undoubtedly position it as a leader in the forex trading industry.

How do I get in Contact with ThinkMarkets?

ThinkMarkets, a renowned player in the forex trading industry, offers multiple avenues for potential clients and existing customers to get in touch with them. Their commitment to providing excellent customer service is evident in their multilingual support team, ready to assist with trading account queries via live chat, email, and telephone. Contact Information: Email: For general sales and support, you can reach out to sales@thinkmarkets.com. For institutional sales, the contact email is partnerships@thinkmarkets.com. The financial department can be contacted at deposits@thinkmarkets.com. Phone: ThinkMarkets has dedicated phone lines for different regions. For the UAE, the contact number is +971 4 448 4229. In the UK, you can reach them at +44 203 514 2374. Australian clients can contact +61-3-9093-3400 or the local number 1300-390-515. Offices: ThinkMarkets has headquarters in the financial districts of London, Melbourne, Johannesburg, and Tokyo. . It’s important to note that ThinkMarkets does not offer fixed spreads as they do not interfere with market forces or client orders. All products tradable on their platforms have variable spreads. ThinkMarkets also provides the option to change the leverage settings on your account by emailing them at support@thinkmarkets.com. The minimum leverage you can have is 30:1 for Forex, and the maximum is 500:1. Remember, leverage increases the risks and rewards of trading. It allows you to trade positions sizes with a fraction of the capital that would normally be required to trade that specific market.

Where are the Headquarters from ThinkMarkets based?

ThinkMarkets, a multi-asset online brokerage founded in 2010. , has its headquarters strategically located in the heart of the financial districts of London and Melbourne. The London headquarters is situated at G07, 35 New Broad St, London EC2M 1NH as well as Hana, 70 St Mary Axe, London, EC3A 8BE. This location places ThinkMarkets in the epicenter of the world’s leading financial hub, providing it with access to a vast network of financial services and markets. Simultaneously, the Melbourne headquarters is located at Level 18, 357 Collins St, Melbourne, VIC Australia, 3000. Being in Melbourne, one of the major financial centers in the Asia-Pacific region, allows ThinkMarkets to tap into the dynamic and fast-growing markets in this area. Moreover, ThinkMarkets also has a significant presence in Johannesburg, South Africa. The Johannesburg office is located at 3 Gwen Lane, Sandown, Sandton, 2031. This location strengthens ThinkMarkets’ foothold in the African continent and enables it to cater to the growing demand for financial services in this region. In the context of forex trading, the strategic locations of ThinkMarkets’ headquarters allow it to operate across multiple time zones and offer round-the-clock services to its global clientele. This is particularly important in the forex market, which operates 24 hours a day and requires a constant pulse on global economic events and currency movements.

What kind of Customer Support is offered by ThinkMarkets?

ThinkMarkets, a renowned player in the forex trading industry, offers a comprehensive customer support system to cater to the diverse needs of its global clientele. Contact Channels. ThinkMarkets provides multiple avenues for customers to reach out for support. These include live chat, email, and telephone. They have a dedicated client service team available 24/7. Global Presence. With headquarters in the heart of the financial districts of London, Melbourne, and Johannesburg, ThinkMarkets has a strong global presence. They also have offices in Tokyo. This allows them to provide timely and effective support to their clients around the world. Multilingual Support. ThinkMarkets’ support team is multilingual, which ensures that clients from different linguistic backgrounds can communicate their issues effectively. Support Categories. ThinkMarkets’ support extends beyond just transactional or technical issues. They offer assistance in various categories such as general information about ThinkMarkets, products, services, and account types. They also help with account application and management. Deposits and Withdrawals. For financial transactions, ThinkMarkets provides detailed guidance on how to deposit and withdraw funds. Platform and Tools. ThinkMarkets also offers information and technical support for their platforms and tools. This is particularly beneficial for clients to make the most of the trading platforms and tools provided by ThinkMarkets. Partnerships. ThinkMarkets supports partnerships, affiliates, introducing brokers (IB), money managers, white labels, prop trading, and others. This makes it easier for businesses and individuals to collaborate with ThinkMarkets. In conclusion, ThinkMarkets’ customer support is comprehensive, globally accessible, and caters to a wide range of client needs, making it a reliable choice for forex traders worldwide.

Which Educational and Learning Materials are offered by ThinkMarkets?

ThinkMarkets offers a comprehensive suite of educational and learning materials designed to guide traders at all levels. These resources are aimed at enhancing trading knowledge and skills, particularly in the context of forex trading. Learning Levels. ThinkMarkets provides three distinct learning courses. Beginner Course: This course is designed for those new to trading. It covers basic concepts such as understanding how markets work, the platforms offered, and the meaning of leverage and margin. It also explains how to place your first trade and provides an introduction to forex and CFDs. Intermediate Course: This course is for traders who have some experience and want to deepen their understanding. It includes tips and tricks for using the MT4 platform, risk management strategies, how to create a trading plan, understanding chart patterns, and more. Advanced Course: This course is for experienced traders looking to take their trading to the next level. It covers in-depth and advanced trading topics such as technical and fundamental analysis, Fibonacci ratios, Japanese candlesticks, support & resistance, timezones & liquidity, and different trading styles. Webinars. ThinkMarkets conducts weekly webinars that provide key trading information, including a Q&A session at the end. Trading Guides. ThinkMarkets offers free PDF trading guides that traders can store on their phone or desktop, or print and read wherever they are. Glossary. The platform provides a glossary that covers all the terms traders need to be aware of while trading. In conclusion, ThinkMarkets offers a wide range of educational and learning materials that cater to traders at all levels. These resources are designed to guide traders through all aspects of trading, from placing their first trade to understanding advanced trading concepts.

Can anyone join ThinkMarkets?

ThinkMarkets, a renowned platform in the Forex trading industry, offers a range of account types to cater to different trading needs. Here’s a detailed look at the eligibility criteria and features of these accounts:. Standard Account The Standard Account is a great starting point for any trader. It requires a minimum operating balance of USD 0. The lot sizes are standard and customizable depending on the size of the trade. This account offers Forex spreads from 0.4 pips, with an average of 1.2 pips. The maximum leverage is 500:1. ThinkZero Account The ThinkZero Account requires a minimum operating balance of USD 500. It offers Forex spreads from 0 pips, with an average of 0.1 pips. The maximum leverage is also 500:1. Mini Account The Mini Account requires a minimum operating balance of USD 10. It offers Forex spreads from 2.52 pips. The maximum leverage for this account is 2000:1. Professional Account ThinkMarkets also offers a Professional Account, available to clients meeting certain eligibility criteria. Regional and Corporate Accounts Regional accounts catered for regional preferences, and Corporate accounts are also available. Affiliates Programme ThinkMarkets has an Affiliates Programme where you can earn for every eligible client you refer. All accounts offer 24/7 client support via live chat, email, and phone, and a free VPS service. The leverage settings on your account can be changed by contacting ThinkMarkets. Please note that the maximum leverage allowed depends on the account balance. Before trading, understand how increasing leverage can increase the risks and rewards of trading. It’s the client’s responsibility to maintain sufficient funds in their respective accounts to avoid triggering a margin call at 50% margin level. Please contact ThinkMarkets for more information and to understand the terms and conditions that apply. Remember, Forex trading involves significant risk and may not be suitable for all investors. Always consider your financial situation and risk tolerance before trading.

Who should sign up with ThinkMarkets?

ThinkMarkets is a global online brokerage firm that offers a wide range of trading services. It caters to a diverse clientele, from individual traders to corporate entities, each with unique needs and trading goals. Here are the types of clients who might find ThinkMarkets a suitable platform for their trading needs:. 1. Individual Traders: Individuals who are interested in personal trading can open an account with ThinkMarkets. The platform offers a variety of trading instruments, including Forex, Indices, Commodities, Shares & ETFs, CFDs, and Crypto CFDs. The minimum deposit is $500, and leverage of up to 1:500 is available. 2. Joint Account Holders: ThinkMarkets also accommodates joint accounts, where two main users can deposit, withdraw, and trade. This is ideal for partners or small groups who want to pool their resources for trading. 3. Corporate Entities: Enterprises can open a corporate account with ThinkMarkets. This is particularly beneficial for companies that want to diversify their investment portfolio or hedge their risks. 4. Trading Gurus and Financial Advisers: Those with a large online following or those who provide financial advice can benefit from the ThinkMarkets partnership programme. By becoming an official partner of ThinkMarkets, they can earn passive income. 5. Scalpers: Scalpers, who make numerous trades within a day to profit from small price changes, may find ThinkMarkets advantageous due to its fast execution and narrow spreads. In conclusion, ThinkMarkets is a versatile platform that caters to a wide range of traders, from individuals to corporations, each with their unique trading needs and goals. Its diverse offerings, competitive conditions, and robust regulatory framework make it a reliable choice for those interested in Forex and other forms of trading.

Who should NOT sign up with ThinkMarkets?

ThinkMarkets is a well-regarded forex broker known for its tight spreads, reliable platform, and excellent customer service. However, it may not be the right choice for everyone. Here are some types of traders who might want to consider other options:. Beginners: ThinkMarkets offers a range of advanced trading platforms including MetaTrader 4, MetaTrader 5, and their proprietary ThinkTrader. While these platforms are powerful, they can be complex and overwhelming for beginners. New traders who are still learning the ropes might prefer a broker with a more user-friendly platform. Traders who rely heavily on stop loss orders: Some users have reported that ThinkMarkets closes positions before hitting stop loss orders. If you rely heavily on stop loss orders to manage your risk, this could be a significant drawback. Traders who require more indices: While ThinkMarkets offers a good range of markets, some users have suggested the addition of more indices. If you’re a trader who specializes in indices, you might want to consider a broker with a more extensive selection. Traders who need immediate chart visibility: Some users have reported issues with chart visibility on their phone devices. If you rely on mobile trading and need immediate access to charts, this could be a problem. . It’s important to note that these points are based on user reviews and may not reflect the experience of all traders. ThinkMarkets is continually improving its platform and services, and many traders find it to be an excellent broker. As always, it’s crucial to do your own research and consider your individual trading needs when choosing a forex broker.

Does ThinkMarkets offer Discounts, Coupons, or Promo Codes?

ThinkMarkets, a renowned player in the forex trading industry, does offer various discounts, coupons, and promo codes. These promotional offers can provide traders with significant savings, making it more affordable to access the platform’s comprehensive suite of trading tools and services. Types of Offers: ThinkMarkets periodically provides promotional codes that traders can use to get discounts on their trading fees. There are also special offers available during certain times of the year, such as Labor Day sales, where traders can enjoy discounts of up to 85%. . How to Access: These promotional offers are typically available on various coupon and deals websites. Traders can visit these sites to find the latest ThinkMarkets promo codes and discounts. It’s also a good idea to regularly check ThinkMarkets’ official website or subscribe to their newsletter to stay updated on their latest offers. . Benefits: Using these discounts and promo codes can significantly reduce trading costs, making it more affordable for both new and experienced traders to access ThinkMarkets’ advanced trading tools and services. These savings can be particularly beneficial for active traders who execute a large number of trades, as even small savings on each trade can add up to substantial amounts over time. . In conclusion, ThinkMarkets does offer a variety of discounts, coupons, and promo codes that can provide traders with significant savings. However, it’s important for traders to remember that while these offers can reduce trading costs, they should not be the sole factor in choosing a forex trading platform. Other factors such as the platform’s features, security, customer service, and regulatory compliance are also crucial considerations.

Which Account Types are offered by ThinkMarkets?

ThinkMarkets offers a variety of account types to cater to the diverse needs of traders. Here are the details:. Standard Account. : This account type offers forex spreads from 0.4 pips with an average FX spread of 1.2 pips. There is no commission on trades. The minimum operating balance is $0 and the maximum leverage offered is 500:1. The maximum tradeable size is 50 lots. This account type also offers 24/7 client support and free VPS service. ThinkZero Account. : This account type offers forex spreads from 0 pips with an average FX spread of 0.1 pips. The commission is USD 3.5 per side (100,000). The minimum operating balance is $500 and the maximum leverage offered is 500:1. The maximum tradeable size is 100 lots. This account type also offers 24/7 client support, free VPS service, and a dedicated account manager. Mini Account. : This account type offers forex spreads from 2.52 pips. There is no commission on trades. The minimum operating balance is $10 and the maximum leverage offered is 2000:1. The maximum tradeable size is 100 lots. This account type also offers 24/7 client support and free VPS service. In addition to these, ThinkMarkets also offers a Professional Account, Regional Accounts, Joint Account, and Corporate Account. Each of these accounts is designed to cater to specific regional preferences and trading requirements. Please note that terms and conditions apply to these accounts and it’s recommended to contact ThinkMarkets’ 24/7 client support for more information.

How to Open a ThinkMarkets LIVE Account?

Opening a ThinkMarkets LIVE account involves a few steps. Here’s a detailed guide:. Step 1: Navigate to the Account Creation Page First, navigate to the ThinkMarkets website. Look for the option to create a new account. Step 2: Choose Your Trading Platform Select your preferred trading platform. ThinkMarkets offers several platforms including MetaTrader 4, MetaTrader 5, and ThinkTrader. Step 3: Select Account Currency and Leverage Choose your account currency and leverage. These settings will affect your trading activities, so choose wisely. Step 4: Provide Personal Information You’ll need to provide some personal information. This includes a photocopy of a non-expired, government-issued photo ID that clearly indicates your date of birth. Acceptable forms of ID include a passport, driver’s license, or national ID card. Step 5: Proof of Address You’ll also need to provide proof of address. This must be a document dated within six months for the address indicated on the application. Post office boxes or postal bags are not acceptable. The document must not be folded, and payment stubs are not acceptable as they display limited information. Examples of acceptable documents include a utilities bill, credit card statement, or bank statement. Step 6: Complete the Application Once you’ve provided all the necessary information and documents, you can complete the application. Step 7: Await Approval After submitting your application, wait for approval from ThinkMarkets. If you have any questions during this process, don’t hesitate to contact their support team. Please note that the requirement of documents may vary depending on your country of residence. Always check the specific requirements for your location. Remember, trading Forex and other financial instruments involve risk. Make sure you understand these risks before opening a live trading account. Happy trading!.

How to Open a ThinkMarkets DEMO account?

Opening a ThinkMarkets DEMO account is a straightforward process that allows you to practice trading Forex and CFDs with $25,000 of virtual funds. Here’s a step-by-step guide:. Navigate to the ThinkMarkets website: The first step is to visit the ThinkMarkets website. Open the Demo Account page: On the website, look for the option to open a Demo Account. Fill in your details: Provide the necessary information in all the sections. Choose your preferred trading platform: ThinkMarkets offers several trading platforms, including ThinkTrader, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Select the one that suits your needs. Create an account: After filling in your details and selecting your preferred trading platform, click on the “Create an account” option. A ThinkMarkets DEMO account offers a risk-free trading environment where you can practice trading various CFD assets such as shares, indices, Forex, commodities, and cryptocurrencies. It’s an excellent way to test drive your latest trading strategy and perfect it before committing any of your funds on a live trading account. You can also try out analytics tools or new trade ideas without risk. Remember, a demo account isn’t just for beginners. Experienced traders can use it to try trading an asset class new to them, experiment with a new strategy, or try out the features of a new platform before committing their own funds to it. If you have any questions during the process, ThinkMarkets offers 24/7 customer support. Their team of customer service representatives, knowledgeable about trading, will be happy to help you. Please note that while a DEMO account offers a simulated market environment, there may be differences between a ThinkMarkets DEMO and a live account. Always consider these differences when transitioning from a DEMO to a live account. I hope this guide helps you in opening a ThinkMarkets DEMO account. Happy trading!.

How Are You Protected as a Client at ThinkMarkets?

As a client at ThinkMarkets, you are protected in several ways:. Regulation: ThinkMarkets is regulated by the UK’s Financial Conduct Authority (FCA). This means that they must adhere to strict standards and regulations to ensure the protection of their clients. Client Protection Insurance: ThinkMarkets has recently increased its guarantee of consumer protection up to 1 million GBP. This is the highest level of assurance in the UK market. This insurance means clients’ funds of up to 1 million GBP are guaranteed to return even if the broker ever runs into financial problems. Financial Services Compensation Scheme (FSCS): All brokers regulated by the FCA offer their clients a minimum of £50,000 protection as per the FSCS. However, ThinkMarkets has opted to exceed this threshold with an additional offer of £1 million protection for each client. Two-Factor Authentication (2FA): ThinkMarkets provides two-factor authentication to help investors protect access to their client portal. Online Safety Measures: ThinkMarkets advises clients to update their password at least every 3 months, never share login credentials, always logout of the account at the end of a session, enable two-factor authentication where possible, and never allow a third party to access your device. These measures collectively provide a robust safety net for clients, ensuring that their investments and personal information are well-protected. It’s clear that ThinkMarkets prioritizes the security and confidence of its investors.

Which Funding methods or Deposit Options are available at ThinkMarkets?

ThinkMarkets offers a variety of funding methods and deposit options for forex traders. Here are the details:. Bank Wire: This method allows you to transfer funds globally. The available currencies are AUD, EUR, CHF, GBP, and USD. The estimated transaction time is 1 - 3 business days. Bank Wire for European Traders: This option provides easy cross-border transactions specifically for European traders. The available currency is EUR and the transaction is typically completed in 1 business day. Credit and Debit Cards: You can swiftly fund your trading account with major credit and debit cards. The available currencies are AUD, EUR, CHF, GBP, and USD. The transaction is usually instant. Neteller: This is an e-wallet transfer solution that allows you to effortlessly manage your trading funds. The available currencies are USD, EUR, GBP, JPY, and AUD. The transaction is usually instant. Skrill: This is another e-wallet transaction solution that allows you to seamlessly handle your funding. The available currencies are AUD, EUR, CHF, GBP, and USD. The transaction is usually instant. Cryptocurrencies: You can fund your trading account swiftly using popular cryptocurrencies such as Bitcoin (BTC), Ether (ETH), Tether (USDT ERC-20 & TRC-20), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), EOS (EOS), DASH (DASH), USDC (USDC ERC-20), XRP (XRP), Tron (TRX), and Binance Coin (BUSD (ETH only)). The transaction is usually instant. Perfect Money: This is an e-wallet solution that allows smooth funding. The available currencies are USD, EUR, and Bitcoin (BTC). The transaction is usually instant. Apple Pay: This option allows seamless transactions using your Apple devices, providing quick and secure deposit options. The available currencies are AUD, EUR, CHF, GBP, and USD. The transaction is usually instant. Google Pay: This option simplifies the deposit process, ensuring swift and secure funding via any Android or iOS device. The available currencies are AUD, EUR, CHF, GBP, and USD. The transaction is usually instant. UPI: This option allows instant deposits for funding in India. The available currency is INR. The transaction is usually instant. Netbanking: This is a straightforward method for depositing funds in India. The available currency is INR. The transaction is usually instant. MPesa: This is a money transfer solution in Kenya. The available currency is KES. The transaction is usually instant. Mobile Money Ghana: This option allows convenient transfer of funds in Ghana. The available currency is GHS. The transaction is usually instant. Please note that only certain payment methods are available in your region. For further details, you may want to speak to a member of ThinkMarkets’ Customer Support.

What is the Minimum Deposit Amount at ThinkMarkets?

ThinkMarkets, a renowned player in the Forex trading industry, offers various account types each with different minimum deposit requirements. Here are the details:. Mini MT4 & MT5 accounts: The minimum initial deposit requirement for these accounts is USD 10. Standard MT4, MT5 and ThinkTrader accounts: These accounts do not have a minimum deposit requirement. ThinkZero MT4 and MT5 accounts: These accounts require a first-time deposit of USD 500 or equivalent in your base currency. ThinkCopy accounts: These accounts have a minimum deposit requirement of USD 100. It’s important to note that when redepositing funds, ThinkMarkets does not typically have a minimum deposit requirement. However, payment providers may set minimums. You can make a deposit, view your deposit options and any minimums that may apply for your region quickly via ThinkPortal. In terms of funding options, ThinkMarkets provides a variety of methods for depositing funds. These include bank wire transfers, major credit and debit cards, e-wallet solutions like Neteller and Skrill, and even popular cryptocurrencies. The transaction times vary depending on the method chosen, ranging from instant transactions to 1-3 business days. Please note that the availability of certain payment methods may depend on your region. For further details, it’s recommended to contact ThinkMarkets’ Support team.

Which Withdrawal methods are available at ThinkMarkets?

ThinkMarkets, a renowned player in the forex trading industry, offers several methods for withdrawing funds from your trading account. Withdrawal Methods: Bank Wire: This is a reliable method for transferring funds. However, it’s important to note that withdrawals via bank wire require 3 - 5 business days to complete. Credit/Debit Card: If any accounts are funded via credit card, withdrawals will be prioritized and processed back to the original card used. E-Wallets: ThinkMarkets supports e-wallets like Skrill and Neteller. For E-wallets, a maximum of 10,000 units of currency (Skrill/Neteller/other e-wallets) can be withdrawn based on the original source of funding. Cryptocurrency: For any deposit received via cryptocurrency, the withdrawal will be processed back via USDT (ERC-20)/ (TRC-20) or Bank Wire only. . Withdrawal Rules: ThinkMarkets operates a “return to source” policy, meaning if funds were deposited using a certain method, they would process the withdrawal via the same method. The minimum withdrawal amount is USD100. Withdrawals are usually processed within 24 hours. However, depending on the withdrawal method chosen, it can take between 1-7 business days for you to receive your funds. While ThinkMarkets does not typically charge any fees, you may be subject to other charges and/or conversions made by the banks and any intermediaries involved at your expense. . It’s important to note that ThinkMarkets has strict guidelines to ensure that funds are securely sent back to their originating source. The withdrawal process involves multiple steps, including account balance confirmation, withdrawal request approval, and verification of the original funds. Remember, it’s always a good idea to reach out to ThinkMarkets’ dedicated client service team with your enquiries on accounts, trading conditions, and more.

Which Fees are charged by ThinkMarkets?

ThinkMarkets, a renowned forex trading platform, charges its users with various types of fees. Here’s a detailed breakdown:. 1. Trading Fees: Trading with ThinkMarkets involves fees from $3.5 USD. The exact fee can vary depending on the specific transactions and the type of account held by the trader. 2. Spread Fees: The platform charges spread fees ranging from 0.1 pips to 1.2 pips. The spread is the difference between the bid and ask prices and can vary depending on market conditions. 3. Overnight Funding Charges: If a trader holds a position overnight, they are subject to an overnight funding charge. This charge can vary and is applicable for positions held past midnight server time. 4. Commission: ThinkMarkets offers commission-free trading depending on the account traders select. However, for ThinkZero accounts, a commission may be applicable. 5. Inactivity Fees: While there are no download, setup, or subscription fees for using ThinkMarkets platforms, fees and charges do apply for trading inactivity. It’s important to note that these costs are indicative and can vary based on the specific transactions and market conditions. Traders are advised to review the detailed fee structure provided by ThinkMarkets and consider these costs when making their trading decisions.

What can I trade with ThinkMarkets?

ThinkMarkets is an award-winning broker that offers a wide range of trading options. Here’s a detailed overview:. Forex Trading With ThinkMarkets, you can trade in the foreign exchange market. They offer over 40 major, minor, and exotic currency pairs. Indices ThinkMarkets provides access to all major US and global indices. This allows traders to diversify their portfolio by speculating on price movements of different stock markets. Commodities Traders can speculate on the prices of various commodities. This includes oil, gas, and soft commodities, providing an opportunity to capitalize on different sectors of the economy. Share CFDs ThinkMarkets offers Contract for Difference (CFD) trading on shares. This allows traders to capitalize on share price movements, whether the stock market is rising or falling. Metals Traders can also trade in the volatility of gold, silver, and other precious metals. This can be a good option for those looking to hedge against inflation or economic uncertainty. Cryptocurrencies ThinkMarkets allows speculation on the prices of the world’s most popular cryptocurrencies. This is a relatively new and volatile market, offering potential for high returns. ETFs and Futures In addition to the above, traders can also trade Exchange-Traded Funds (ETFs) and futures. These can provide opportunities for diversification and hedging. In total, ThinkMarkets offers the ability to trade more than 3,500 global assets. This includes large-cap stocks such as Apple, Amazon, Facebook, and Google, as well as small-cap and emerging market stocks. Please note that trading involves risk and it’s important to understand the markets and instruments you are trading in. ThinkMarkets also provides a range of educational resources to help traders, from beginners to advanced, improve their trading skills.

Which Trading Platforms are offered by ThinkMarkets?

ThinkMarkets, a renowned player in the forex trading industry, offers a variety of trading platforms to cater to the diverse needs of traders worldwide. Here’s a detailed look at the platforms offered by ThinkMarkets:. ThinkTrader: This platform, with over half a million users globally and more than 15,000 five-star reviews, guarantees an unparalleled trading experience. It offers over 80 intelligent indicators, 50 drawing tools, and 14 chart types. Traders can get up to 200 cloud-based notifications at no charge and scan the markets to spot high probability trades with the TrendRisk Scanner. It is also recognized as the No. 1 mobile trading app in the world. MetaTrader 4 (MT4): MT4 is a widely popular trading platform that allows traders to execute manual or automated trades. It also lets traders enhance their strategies through backtesting. The platform is held on servers in high-end co-location centres for ultra-fast trade execution. Traders can benefit from institutional-quality apps, indicators, and tools. MetaTrader 5 (MT5): MT5 is the next generation trading platform packed with exceptional advantages and a rich set of technical analysis tools. It offers enhanced order management, including 2 more pending order types than MT4. It also provides first-class charting and 21 timeframes to choose from. An integrated economic calendar with advanced features is also available. ThinkCopy: This platform allows traders to duplicate the trades of traders worldwide with an auto-copy order. Traders can discover a range of experienced traders, view their performance stats, and choose one that suits their trading style. They can automatically copy the open and future trades of their chosen signal provider. In addition to these platforms, ThinkMarkets also offers PAMM in certain jurisdictions. Each of these platforms is designed to provide traders with a robust and comprehensive trading experience, catering to their unique trading needs and styles. Whether you’re a beginner or an experienced trader, ThinkMarkets has a platform that can help you navigate the dynamic world of forex trading.

Which Trading Instruments are offered by ThinkMarkets?

ThinkMarkets, an award-winning CFD trading broker. , offers a wide range of trading instruments. Here is a detailed list:. Forex: ThinkMarkets provides the opportunity to trade on over 40 major, minor, and exotic pairs on the foreign exchange. Forex trading is a popular choice among traders due to the liquidity and volatility of the market. Indices: Traders can access all major US and global indices. Indices trading allows investors to speculate on price movements in a specific index, which is a collection of leading shares. Commodities: ThinkMarkets offers easy access to oil, gas, and soft commodities trading. Commodities trading involves buying and selling raw or primary products. Share CFDs: Traders can capitalize on shares whether the stock market is rising or falling. Share CFDs allow traders to speculate on the price movement of individual company shares without owning the underlying asset. Metals: ThinkMarkets allows traders to trade the volatility of gold, silver, and other precious metals. Trading in metals can be a way to hedge against inflation and currency fluctuations. Cryptocurrencies: Traders can speculate on the prices of the world’s most popular cryptocurrencies. Cryptocurrency trading involves speculating on price movements via a CFD trading account. In total, ThinkMarkets offers the opportunity to trade more than 3,500 global assets. This wide range of trading instruments provides traders with the flexibility to diversify their portfolio and find opportunities in a variety of market conditions. Please note that trading involves risk and isn’t suitable for everyone. Always consider your personal circumstances before trading.

Which Trading Servers are offered by ThinkMarkets?

ThinkMarkets, a renowned player in the Forex trading space, offers a robust trading infrastructure that is designed to provide fast trade execution within milliseconds. This is achieved through their partnership with Equinix, the world’s largest trading ecosystem. The trading servers of ThinkMarkets are located in London and New York. The London LD5 center, situated just within 11 miles from the City of London, is home to over 1,000 companies, including exchanges, liquidity providers, buy-side and sell-side firms, and market data vendors. This state-of-the-art technology allows ThinkMarkets to deliver an industry-leading uptime record of 99.99% and enables them to provide their traders with the fastest execution speeds available, which is ideal for automated trades. In addition to the London LD5 center, ThinkMarkets also converges on Equinix in New York. With 495+ companies collated in this financial hub, it offers unparalleled reach for clients across the globe with access to 18.5 MW of power and direct interconnections to massive financial services and electronic trading systems. ThinkMarkets offers three platforms: ThinkTrader, MT4, and MT5. Clients in certain jurisdictions can also access additional trading platforms such as ThinkCopy and PAMM. These platforms are connected to the liquidity pool from the London and New York locations. In conclusion, ThinkMarkets provides a high-end trading infrastructure that ensures fast trade execution, making it a reliable choice for Forex traders. The information provided is based on data from the Equinix website and is accurate as of August 2022.

Can I trade Crypto with ThinkMarkets? Which crypto currencies are supported by ThinkMarkets?

Yes, you can indeed trade cryptocurrencies with ThinkMarkets. ThinkMarkets offers a robust platform for cryptocurrency trading, allowing users to speculate on the price movements of various cryptocurrencies without the need to own or store the coins. This is done through a financial instrument known as a Contract for Difference (CFD), which allows traders to speculate on price movements without owning the underlying asset. Trading cryptocurrencies with ThinkMarkets is in many ways similar to forex trading. Their cryptocurrencies are quoted in US Dollars, allowing you to speculate on whether their value will increase or decrease in relation to the US Dollar. If you believe that the price of a particular cryptocurrency will rise against the US Dollar, you would place a buy order on that cryptocurrency. If the price goes up, you make a profit based on the price movement and the size of your positions. Conversely, if the price goes down, your account will make a loss. ThinkMarkets supports trading of a variety of cryptocurrencies. The supported cryptocurrencies include, but are not limited to: Bitcoin (BTC) Ethereum (ETH) Bitcoin Cash (BCH) Litecoin (LTC) Monero (XMR) Stellar (XLM) Dogecoin (DOGE) Binance Coin (BNB) Terra (LUNA) Avalanche (AVAX) Cosmos (ATOM) Algorand (ALGO) These cryptocurrencies can be traded any time, on any day of the week. However, it’s important to note that all cryptocurrencies have two breaks on Saturday. The first break is from 00:00 to 01:00 (GMT+2) and the second break is from 12:00 - 16:00 (GMT+2). ThinkMarkets provides innovative platforms that suit your needs, including the robust ThinkTrader, the next-generation MetaTrader 5, and the popular MetaTrader 4. They also offer a superior mobile trading app, which has been downloaded by over 550,000 traders. This app offers an unparalleled trading experience across desktop, tablet, and especially mobile. In conclusion, ThinkMarkets provides a comprehensive platform for trading a variety of cryptocurrencies. Whether you’re a seasoned trader or a beginner, ThinkMarkets offers the tools and support you need to navigate the dynamic and fast-paced world of cryptocurrency trading.

What is the Leverage on my ThinkMarkets Trading Account?

Leverage on a ThinkMarkets trading account can be understood as a tool that allows you to open larger trading positions than what your account balance could ordinarily permit. This is achieved by borrowing capital from the broker, which is then used to multiply your position size. For instance, if the leverage on your account is 500:1, this means you can trade up to 500 times the equivalent amount of base currency you have in your account. To illustrate, let’s consider two traders – Trader X and Trader Y – who both have an account balance of $10,000. Trader X has a leverage of 50:1 and Trader Y has a leverage of 5:1. If they were to both have a 100 pip loss, through leverage management, Trader Y would only lose $500 of his capital, while Trader X would lose $5,000. This example clearly demonstrates that while higher leverage can increase potential returns, it also increases the risk of losses. In addition to fixed leverage, ThinkMarkets also offers dynamic leverage. Unlike traditional fixed leverage, dynamic leverage adapts to the trading conditions, increasing leverage on smaller positions, while decreasing leverage on larger positions. This feature is available on the Mini account. The amount of leverage offered by ThinkMarkets can go up to 2000:1. However, leverage varies between products and account types. For example, retail clients under ThinkMarkets’ ASIC, FCA, and CySec licenses are restricted to a maximum leverage of 30:1. It’s important to note that margin is a key concept related to leverage. Margin is a ‘good faith’ deposit – the collateral that is held by the broker to hold open a position. The amount of margin that is required depends on your position size and the instrument that you are trading. In conclusion, understanding leverage and margin is of utmost importance when you start trading. While they can increase the potential return on investments, they also have the capability to increase potential losses. Therefore, it’s imperative that you think carefully about the amount of leverage you want on your trading account.

What kind of Spreads are offered by ThinkMarkets?

ThinkMarkets, a renowned financial trading platform, offers a variety of spreads to cater to the diverse needs of traders. The company has introduced the ThinkZero Account, which provides raw FX spreads from 0 pips. This account type is designed to reduce trading costs for forex and metals. Spreads and Commissions: The ThinkZero account offers razor-thin spreads starting from 0 pips. The commission charged is only $3.5 per side (100,000) for Forex and Metals. This ensures that traders never pay more than necessary. Execution Speed: ThinkMarkets boasts lightning-fast order execution. Their servers are hosted in Equinix’s LD5 and HK4 data centers, which are part of the world’s largest trading ecosystem. This infrastructure allows ThinkMarkets to provide raw spreads at the fastest execution speed available. Spread Reduction: ThinkMarkets has significantly reduced its typical spreads on various currency pairs. For instance, the EUR/USD and USD/JPY spreads have been reduced by 100%, while the GBP/USD, USD/CAD, NZD/USD spreads have been reduced by 60%. The AUD/USD, USD/CHF, and EUR/JPY spreads have been reduced by 50%. Zero Spreads Account: A zero spreads account offers minimal or zero spreads between the bid and ask price. This allows traders to get direct access to institutional pricing without any added mark-up by the broker. The only charge involved is a small commission. Traders often choose this type of account for their forex trading as it allows them to calculate their costs more precisely in advance. Account Options: At ThinkMarkets, traders have the option to hold both a Standard and a ThinkZero account. They can even transfer funds between the accounts. The ThinkZero account requires a minimum deposit of 500 units of currency. and offers leverage up to 500:1. In conclusion, ThinkMarkets offers a range of spreads and account types to suit different trading needs. Their commitment to low costs, fast execution speeds, and flexible account options make them a competitive choice in the forex trading market.

Does ThinkMarkets offer MAM Accounts or PAMM Accounts?

ThinkMarkets, a renowned player in the forex trading industry, offers a variety of account types to cater to the diverse needs of traders. Among these, they provide the option for PAMM (Percentage Allocation Management Module) accounts. However, there is no explicit mention of MAM (Multi-Account Manager) accounts being offered by ThinkMarkets in the search results. PAMM accounts are a type of forex trading account used by money managers to trade on behalf of investors. In a PAMM system, an investor can allocate a percentage of their account to one or more managers. The manager’s trades are automatically replicated in the investor’s account based on a percentage basis. This allows investors to leverage the expertise and knowledge of professional traders. On the other hand, MAM accounts also allow fund managers to manage multiple accounts from a single account. They offer a higher degree of control compared to PAMM accounts. For instance, with an MAM account, an investor can freely close trades placed by the master account, or withdraw and deposit funds at any time. While ThinkMarkets does not explicitly mention offering MAM accounts, it’s worth noting that the services provided by MAM and PAMM accounts often overlap, and the terms are sometimes used interchangeably in the industry. Therefore, it’s recommended to contact ThinkMarkets directly for the most accurate and up-to-date information regarding their account offerings.

Does ThinkMarkets allow Expert Advisors?

ThinkMarkets and Expert Advisors. ThinkMarkets, a renowned player in the Forex market, does indeed allow the use of Expert Advisors (EAs) on its platforms. This is a significant feature for traders who rely on automated strategies. Expert Advisors on MT4/MT5. ThinkMarkets supports the use of EAs on both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Traders can run any EAs available from third-party providers. This flexibility allows traders to implement a wide range of strategies. Adding an Expert Advisor. Adding an EA to the MT4 platform involves a few steps. Traders need to locate and copy the MT4 EA file they downloaded to their computer. Then, on the MT4 platform, they click the ‘File’ tab in the main menu and then click ‘Open Data Folder’. They click the MQL4 folder and then ‘Experts’ or ‘Indicators’ according to their preference. Next, they drag and drop their EA file into this folder. Finally, they restart the platform. Considerations. While ThinkMarkets does not restrict the use of any strategies involving EAs, it’s important to note that they do not endorse any third-party EAs and cannot offer any support should traders encounter issues while using them. Traders are advised to exercise due diligence when selecting EAs. Conclusion. In conclusion, ThinkMarkets provides a conducive environment for traders who wish to leverage the power of EAs in their trading strategies. Its support for EAs on the popular MT4 and MT5 platforms, coupled with the freedom to use EAs from third-party providers, makes it a preferred choice for many Forex traders.