Cryptocurrency CFDs are not offered to retail traders in the UK. Jeff Anberg is a Senior 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. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Founded in 2014 and acquired in 2021, BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs.
Metals are usually used for those who are interested in diversifying their trading portfolio and are quoted against the US Dollar at ThinkMarkets. I personally still use MT4 because it was the first platform that I became accustomed to. However, I think both MetaTrader platforms are ideal for trading online.
We have over 20 years of experience when it comes to trading online so we know what to look for. The ThinkZero account has spread starting from just 0 pips with an average FX spread of 0.1 pips. 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.
What can I trade at ThinkMarkets?
The technology adopted by ThinkMarkets is among the highest caliber, making sure thinkmarkets broker review that it is fast, reliable, and efficient. The educational section at ThinkMarkets is quite comprehensive for new dealers since it permits them to get a closer look in the financial markets. ThinkMarkets caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading. ThinkMarkets is a foreign exchange broker with its head office in Australia & United Kingdom and provides a range of instruments for trading.
How many people use ThinkMarkets?
ThinkZero accounts come with the added benefit of a dedicated account manager. 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. These insights can help to empower today’s traders, assisting them with generating trade ideas, validating trading decisions and managing risk. Clients trades placed through the MT4 platform are routed to counterparties within milliseconds with speed and reliability.
Company
Trade confidently using institutional-grade security and advanced tools, including TradingView integration. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. In addition to MT4, they also provide the MetaTrader 5 (MT5) platform which is similar its predecessor although it has increased features and functionalities.
Performing your due diligence and researching the trustworthiness of ThinkMarkets, its track record, and reputation is vital. Moreover, ensure the ThinkMarkets broker’s offerings, trading tools, fees, and regulation align with your preferences. All of the information about the brokers you see reviewed on comparebrokers.org come from our partners, some of whom we have an affiliate relationship with. The datapoints provided are used to calculate a rating based on what we beileve has the most benefit to their users.
Trade with TradingView
- You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron.
- ThinkMarkets ensures that the individual needs of all traders are met to the best of their ability.
- I do think they could improve by adding some more trading instruments and funding options.
- When trading forex, you trade in anticipation of which direction one currency pair will move in relation to another.
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. ThinkMarkets have an in-house team of experts who deliver the latest market news, daily insights and analysis. They cover detailed technical and fundamental analysis across multiple markets and trading instruments. This can be a great way to help inspire trade ideas and keep you up to speed with what i going on in the markets.
ThinkMarkets commissions and fees summary
ThinkTrader features include over 125 indicators, 50 drawing tools, 14 chart types and a 4-window split screen view to follow multiple markets consecutively. There is also a real time news feed which I found very handy to keep up to date with the latest market news. This high-end technology enables them to provide fast and reliable trade execution under all market conditions with the best possible prices and tightest spreads from just 0.1 pips. If you want spreads from 0.0 pips, you can take a look at XM Group as an alternative. They incorporate top of the range trading technologies with advanced trading platforms and tools. MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005.
It is not nice to get caught on the wrong side of a major news event. The broker operates in a transparent manner with emphasis on looking after client’s own interests and safety. They are regulated by some of the most strict and respected regulatory bodies including the FCA and ASIC. 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 go wrong.
- It’s specially offered while the industry volatility prevents clients from letting their accounts go into the red.
- We hope that in the future a ThinkMarkets Android app will be available and at that time we will update our ThinkMarkets review accordingly.
- In case you are withdrawing money in various currencies from USD, a conversion fee is also important.
- Apart from trading charges, online agents also bill non-trading fees.
- ThinkZero account holders also can trade in bigger volumes than Standard account holders.
ThinkMarkets Live Chat Support
We provide exceptional trading conditions, substantial funded accounts, and unparalleled support to unlock your true potential and achieve financial independence. The payment methods available may vary depending on your country of residence and although the broker do not charge fees for deposits, 3rd party/merchant fees may apply. For instant processing you can fund your account using a credit or debit card such as Visa or Mastercard.
This helps to give clients additional peace of mind that they are using a trusted and reputable broker. ThinkMarkets offers a vast array of trading options, with 4,000 tradeable symbols, well above the industry average of 3,623 tradeable symbols. It only offers a smaller range of 46 forex pairs, however, compared to the industry average of 66. Skrill also offers cross-border payments through its remittance services Skrill Money Transfer. It allows customers to send money to a bank account in another country with their bank card. In 2015, Skrill has been acquired by Paysafe Group along with former competitor Neteller and prepaid payment service paysafecard.
I would always recommend trying a broker with a demo account at first. This way you can see if they can meet your personal needs as every trader is different. It is available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). ThinkMarkets was founded in 2010 and has since established a strong presence in the forex and CFD trading industry.
We tested the multi-lingual ThinkMarkets team by making calls in various languages. ThinkMarkets made an effort to ensure all of our questions were answered. We tested the livechat experience with ThinkMarkets, and it was very effective. We made a request via ThinkMarkets livechat via their app and web site and got a reply after 10 seconds. Understand the capabilities of the mobile apps of ThinkMarkets, Startrader & freetrade below.
