ThinkMarkets Reviews and Ratings:
|Telephone||+44 203 514 2374|
|Broker Type||Market Maker Non-Dealing Desk|
|Regulations||ASIC, FCA, FSCA|
|Account Base Currency||USD AUD GBP EUR CHF JYP|
|Trading Platforms||Metatrader 4, ThinkTrader, Trade Interceptor|
|Markets||Forex, Indices, Metals, Commodities, Cryptocurrencies|
|Funding Options||Credit/Debit card, Neteller, Skrill, Bank wire, bitpay.|
Overview: Award-winning Australian brokers ThinkMarkets is based in Melbourne, and is regulated by FCA, FSCA and ASIC. It is one of the few brokers that allow aggressive scalping, hedging and high speed automated trading. Solid infrastructure and customer service make it one of the best forex brokers in the industry. Note that US clients are not allowed.
Accounts: ThinkMarkets offers standard, pro and VIP accounts with low spreads (as low as 0.8 pips for standard accounts and 0.0 pips on pro accounts). All three accounts can be further opened as individual, joint, corporate and swap-free accounts (only with pro). The minimum lot size for Pro and Standard accounts is 0.01 and for VIP accounts is 0.10. All accounts come with expert advisors and robots. Scalping without a minimum duration for keeping trades open is possible. You can open demo accounts for any account type, with real-time price feeds.
Traders can trade in Gold and Silver as well as forex stock indices, cryptocurrencies and CFDs.
Minimum deposit: $0 for standard accounts
Maximum leverage: 1:500
Features: Platforms on ThinkMarkets include MT4 and its web and mobile versions, as well as Trade Interceptor, which is the firm’s proprietary trading platform with excellent features.
You can trade 35 popular forex pairs, with low spreads and NDD (non-desk dealing). Trading is superfast with no price manipulation. The brokers have partnered with Equinix to get access to the most current pricing data. The brokers offer an excellent Trade Manager and an affiliate program.
Education: ThinkMarkets offers excellent education for beginner, intermediate and advanced traders through market updates, trading tools and more.
Deposits/Withdrawals: Deposits and withdrawals safe and secure through credit/debit, bank wire and Skrill, Neteller and bitpay. The ThinkPortal secure area is where traders can log in to manage account information. Withdrawal requests are processed within 24 hours.
Customer service: 24/6 live support during the trading week, plus support through email, chat or phone0