ThinkMarkets Reviews and Ratings:
|Telephone||+44 203 514 2374 (UK)|
|Broker Type||Market Maker Non-Dealing Desk|
|Regulations||ASIC, FCA, FSCA|
|Account Base Currency||USD AUD GBP EUR CHF JYP|
|Trading Platforms||Metatrader 4/5, ThinkTrader|
|Markets||Forex, Indices, Metals, Commodities, Cryptocurrencies|
|Funding Options||Credit/Debit card, Neteller, Skrill, Bank wire, bitpay.|
Overview: Award-winning Australian broker, ThinkMarkets has its headquarters in Melbourne and London, 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. The broker offers clients with up to 1 million dollars of insurance protection which is above the industry standard. 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 and ThinkZero accounts with low forex spreads (as low as 0.4 pips for standard accounts and 0.0 pips on ThinkZero accounts). On Average you expect forex spreads to be 1.2 pips on the standard account and 0.1pips with the ThinkZero account.
Both accounts can be further opened as individual, joint, corporate and swap-free accounts (Islamic swap-free accounts). The minimum lot size for ThinkZero and Standard accounts is 0.01. All accounts come with expert advisors and robots via the Metatrader 4 and 5 platform. 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 Gold and Silver as well as forex stock indices, cryptocurrencies and CFDs.
Minimum deposit: $0 for standard accounts, $500 for ThinkZero accounts.
Maximum leverage: 1:500
Features: Platforms on ThinkMarkets include MT4 and MT5 and its web and mobile versions, as well as ThinkTrader, which is the firm’s proprietary trading platform with excellent features.
You can trade over 38 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 client portal secure area is where traders can log in to manage account information. Withdrawal requests are processed within 24 hours. Deposits via credit/debit cards are instantly credited to your trading account, while Neteller, Skrill and bitpay can take up to 10 minutes. You can expect bank wires deposits to take 1-3 business days.
Customer service: 24/5 live support during the trading week, plus support through email, chat or phone.