ThinkMarkets was established in 2010, so they are quite new in the FX trading business when compared to older existing brokerage firms. They provide solutions for trading a wide range of assets and trading pairs with very competitive trading fees and low spreads.
Their minimum spread for trading Euro/USD is 0.5 pips. This is considerably on the low side when compared to the average Euro/USD spread of 0.70 pips.
ThinkMarkets offer more than fifty different instruments to trade. These include more than 34 currency pairs.
In terms of uniqueness, ThinkMarkets does not offer many exclusive features, they pretty much offer what other forex traders do. However, they have established partnerships that many other brokerage companies do not.
These include – Equinix partnership for order execution – ThinkMarkets has a partnership with Equinix data center, and this allows them provide some of the quickest order execution speeds in the forex trading industry. This is a massive advantage for those who trade in very small time intervals. Trade interceptor integration – While most of the forex brokers and CFD providers allow MetaTrader 4 integration, ThinkMarkets provides a unique alternative. This alternative is their direct compatibility with Trade Inceptor. This is not to say they are not compatible with MetaTrader, because they are.
Supported Countries ThinkMarkets are a widely known forex brokerage company, unfortunately the countries where their activities are prohibited are among some of the most mainstream as far as FX trading is concerned.
The countries prohibited for ThinkMarkets are –
ThinkMarkets language Support caters to a wide range of foreigners.
The following countries’ languages are supported by ThinkMarkets.
One area where ThinkMarkets stands out is in their trading platform support. Most forex/CFD brokers only offer MT4 support, but ThinkMarkets additionally offers Trade Inceptor support.
With Trade Inceptor Support, traders can link their ThinkMarkets accounts to a wide range of devices, including your smartphone, computer, tablets, and more.
Trade Inceptor allows users to carry out trades at very high execution speeds. Combined with ThinkMarkets partnership with Equinix, you can enjoy one of the fastest execution times.
Similar to most mainstream forex brokers, ThinkMarkets also offers support for MetaTrader 4. ThinkMarkets partnership with Equinix and it’s compatibility with MetaTrader 4 also offers very fast trading speeds.
ThinkMarkets can also be integrated into the Autochartist app, which is an autonomous indicator and chart scanner. It enables you to complete several aspects of technical analysis prior to your trading.
ThinkMarkets operate their fee structure based on account tiers. The higher the rank of your account tier, the lower amount of trading fees you will pay, but the more you will pay for your tier status.
ThinkMarkets has available, 4 types of trading accounts for their customers to chose from.
Each of the accounts are tailored to specific purposes. These accounts are as follows – Basic account – This is the most operated account on the ThinkMarkets platform. For those who are new to forex trading, the basic account is the simplest to operate. This is the default account when you trade on ThinkMarkets demo account.
ThinkZero Account This account caters to traders who want to pay flat fee commissions on their account. With a ThinkZero account, traders must maintain a $500 minimum operating balance.
Here are the main features of a ThinkZero account –
ThinkMarkets is a business registered under the parent company TF Global Markets, Australia.
They are authorized and regulated by ASIC (Australian Securities & Investment Commission).
As for security, their standards are relatively high. Several levels of verification and authorization checks ensures there will be no breaches into your accounts.
ThinkMarkets is also partnered with Equinix, one the world’s most competent data centers, so you can be sure all your information will be kept safe.
ThinkMarkets basically has the same deposit and withdrawal process with most forex brokers.
You can make deposits into your ThinkMarkets account via the following means –
Unfortunately, Bitpay can only be used for deposits, not withdrawals. It also does not support PayPal.
ThinkMarkets provides users with an education section where new traders are enlightened about the forex trading industry.
Their tutorial service consists of beginner-based guides and advanced user guides. Tutorials come in both text and video descriptions.
Unlike other forex brokers who offer 24/5 service, ThinkMarkets claim they offer 24/6 customer service. For more information on ThinkMarkets customer service visit www.thinkmarkets.com
To open an account with ThinkMarkets, it is mandatory new clients pass through certain compliance checks.
You will need the following –
I trust the information provided in this review has been of great help.