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ThinkMarkets Review: Is this broker legit, safe and trustworthy for Indians?

Review: ThinkMarkets is a multi-regulated broker that specialises in forex and contract for difference (CFD) trading.

Review: Users may pick between the MetaTrader 4 and MT5 platforms, as well as the ThinkTrader platform provided by the broker.

Review: When combined with minimal trading costs and a large selection of over 1500 products, the ThinkMarkets group presents an appealing prospect.

 

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Our review will go through the login procedure, client portal features, and other aspects of the service.

ThinkMarkets was established in 2010 by Nauman Anees, the company's CEO. The organisation has offices in Melbourne and London and is a subsidiary of Think Capital Limited, which is a Bermuda-based corporation.

Review: After expanding its trading activities in 2010, the online broker now boasts 550,000 members in 180 countries, with Indonesia, Egypt, the United Arab Emirates, and Bulgaria among the most active. ThinkMarkets made headlines in 2018 when it announced a 100 million initial public offering (IPO) on the Australian Securities Exchange (ASX), enabling Australian investors to engage in a developing financial technology industry.

Review: It is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the United Kingdom, the Financial Services Conduct Authority (FSCA) of South Africa, and the Financial Services Authority (FSA) of Seychelles, among other regulatory bodies.

Aside from that, the broker has secured two other regulatory licences, including one from the Cyprus Securities and Exchange Commission (CySEC) in Europe and another from the Japanese Financial Services Agency (JFSA).

Traders may choose from three different trading platforms: the broker's proprietary ThinkTrader, MetaTrader 4 (MT4), and MetaTrader 5. (MT5).

Review: The ThinkTrader interface, which is exclusive to the broker, is clean and easy to use. More than 80 indicators, 50 drawing tools, and 14 distinct chart formats are available to users. Clients may also take use of almost 200 free cloud-based alerts available to them. Direct chart trading, as well as typical risk management tools and a variety of order types, are also accessible for customers.

Review: The MT4 trading platform may be downloaded to your computer at no cost. A quick trade execution, over 100 indicators, and one-click trading are all promised by the platform.

Review: The MT4 system also includes a slew of excellent programmes and extra features, such as free access to Trading Central, a virtual private server, and FXWirePro, among others.

Review: The MT5 platform is the most recent iteration of the widely used MT4 platform. It appeals to more experienced traders in particular, since it provides more complex trading tools and analytical features than the competition. Users will benefit from the inclusion of new technical indicators and timeframes, as well as an improved strategy tester for expert advisors, as well as an integrated economy calendar.

Review: ThinkMarkets received good marks for the low trading costs they charge. When it comes to significant FX pairings, such as the EUR/USD and GBP/USD, typical spreads on the Thinkzero account are as low as 0 pips and as high as 0.4-0.5% on major FX pairs such as the EUR/USD and GBP/USD.

Review: There is a $3.5 fee per side of $100,000 (2.5 units per side in the United Kingdom) when using the ThinkZero spread account. This fee is exclusively applicable to forex and metals trading, and ThinkZero accounts are accessible on both the MetaTrader 4 and MetaTrader 5 platforms, as well as on the cTrader platform.

ThinkMarkets reserves the right to levy an inactivity fee in the event of prolonged inactivity.

Swap rates are not available, which is welcomed by traders.

Review: ThinkMarkets has a full-featured mobile application called ThinkTrader, which can be downloaded for free on both iOS and Android platforms.

Review: ThinkMarkets has improved the platform, which was formerly known as Trade Interceptor, in order to deliver a greater mobile trading experience.

Review: Over 15,000 people have given the app a five-star rating since its release.

There are hundreds of markets available via the award-winning mobile software, as well as in-app chat assistance and a wide range of analytical tools and technical indicators.

Review: It is possible to fund your account using a variety of deposit options (which may vary according on the client's country of residency and the ThinkMarkets organisation), including the following: Bank transfer - the following currencies are available: AUD, GBP, EUR, CHF, and USD. Processing time is estimated to be between 1 and 3 business days.

  • Credit and debit cards are accepted in the following currencies: AUD, GBP, EUR, CHF, and USD. Processing time is estimated to be immediate.

  • Skrill accepts the following currencies: AUD, GBP, EUR, CHF, and USD. Processing time is estimated to take up to 10 minutes.

  • Neteller accepts the following currencies: AUD, GBP, USD, JPY, and EUR. Processing time is estimated to take up to 10 minutes.

  • Bitpay - Bitcoin, Ethereum, and Bitcoin Cash are the currencies that are accepted. Processing time is estimated to take up to 10 minutes.

  • The Standard account does not need a minimum deposit, however the ThinkZero account requires a deposit of at least $500 (USD/ 500) to be made.

 

Review: For reasons of security, the withdrawal and deposit methods must be the same for both transactions. Payments are usually completed within 24 hours, however it may take up to seven working days in certain cases. The minimum withdrawal amount for withdrawals made by bank transfer is $100 (or 100 in the case of the UK). ThinkMarkets does not charge any fees for deposits or withdrawals.

Review: ThinkMarkets provides a free demo account with 25,000 in practise money to get you started.

Review: It allows users to improve strategies and test the MetaTrader 4, MetaTrader 5, and ThinkTrader platforms while becoming acquainted with the many instruments accessible.

Demo accounts on the MT4/MT5 platforms will expire after 90 days of inactivity, while demo accounts on the ThinkTrader platform will not expire, although ThinkMarkets has the right to cancel them if they are not used for 90 days.

Review: ASIC, the Australian Securities and Investments Commission (ASIC), the Financial Services Conduct Authority (FSCA), the Cyprus Securities and Exchange Commission (CySEC), the Japan Financial Services Agency (JFSA), and the Financial Services Authority (FSA) of the Seychelles are among the organisations with which TF Global Markets UK Ltd is registered with the Financial Conduct Authority (FCA).

Clients may benefit from negative balance protection, which prevents them from losing more than their initial deposits. Aside from that, ThinkMarkets is covered by a $1 million insurance policy.

Overall, we are delighted with the broker's high level of regulation and dependability.

Review: ThinkMarkets features a somewhat extensive collection of educational materials. For those who are just getting started, there are free video courses and a trading glossary available. There are additional tutorials accessible for traders at the intermediate and advanced levels. Aside from that, the broker's website provides access to trend PDFs, market news, and blogs written by industry professionals.

Review: The plethora of instruments available to traders is all intended to assist them in increasing their profits while reducing their losses.

Review: ThinkMarkets is a retail CFD broker that is regulated by two tier-1 regulators, the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), as well as the Financial Services Commission of South Africa (FSCA). ThinkMarkets offers forex, indices, metals, stocks, and commodities trading using the MetaTrader 4 and 5 platforms, as well as their own ThinkTrader platform. When compared to the industry average of 12 USD per lot, the ThinkMarkets regular account and segregated bank account, which do not need a ThinkMarkets minimum deposit, offer hefty trading commissions. While the ThinkZero account requires a minimum deposit of 500 USD, the minimal deposit offers better pricing at 9 USD per lot, which is more in line with industry norms.

Review: The ThinkMarkets education package is designed for traders of all skill levels and is an excellent location for newbies to get their feet wet in the trading world. Consider the number of positive ThinkMarkets reviews that have been written about their education package: Several elements of the ThinkMarkets platform, such as complete order management, charting, major risk management capabilities, and more, were noted in the ThinkMarkets review, including real-time market news from FX Wire Pro, which was seamlessly integrated into the ThinkTrader platform.

Review: ThinkForex was established in New Zealand in 2010 with the goal of improving the forex trading experience for its customers by providing them with cutting-edge technology. As part of the company's rapid expansion programme and growing demand, the multi-asset broker chose the brand name ThinkMarkets, while also enhancing consumer security in accordance with ASIC and FCA regulations.

Review: In the following years, ThinkMarkets' global headquarters were relocated to London and Melbourne, Australia respectively. As a result of the firm's presence in Asia-Pacific, the Middle East and North Africa, Europe, and South America, as well as its unequalled overall trading performance in the forex market, ThinkMarkets has been named the "Fastest Growing Forex Broker" for the last three years.

Meanwhile, ThinkMarkets continues to grow and has acquired a South African brokerage, which, according to the ThinkMarkets review, makes the company completely legal over the whole African continent.

Review: According to ThinkMarkets evaluations from a variety of users, the following are the user ratings that you should read to have a better understanding of how the site performs: 7.5 out of 10 for the overall user experience

  • Financial Products and Financial Services received a 7.8 out of 10 rating.

  • Brokerage costs received an 8.1 out of 10 rating.

  • The bare minimum deposit is 8.5 out of 10.

  • 8.2 out of 10 for research and advisory services

  • Trading platforms get an 8.7 out of 10 rating.

  • 8 out of 10 for overall quality.

 

Review: Based on this information and the essential features provided by ThinkMarkets, a broker may feel confident and secure while partnering with or trading on this site. Furthermore, they have advanced, cutting-edge technology that distinguishes them from their competitors. The entire experience of all clients and consumers is therefore improved as a result of this as well. Aside from that, their excellent customer service staff performs an outstanding job of responding to all of their customers' questions and concerns as quickly as possible.

Review: Consider the following scenario: a broker invests $2000 and utilises a 5:1 leverage to go long the AFTERPAY stock. The broker's stake is worth a total of $10,000 dollars. Due to an unforeseeable event, the price of your stock drops by 8 percent, exceeding your margin call close-out barrier. In the end, the broker will suffer a 30 percent loss as a consequence of the use of leverage, for a total loss of A$3000.

Using the example above, a broker may trade up to 500 times the amount of base currency in your account if the leverage on your account is 500:1.

Review: ThinkMarkets provides customer service 24 hours a day, five days a week. According to the ThinkMarkets evaluation, the company's customer assistance service is excellent and deserves to be recognised. Brokers may directly contact them if they have any questions or concerns about retail investor accounts, demo accounts, best trading platforms, trading CFDs, fore, trading tools, or any other difficulties. They will promptly respond to all of your questions and concerns.

Review: Traders may also communicate with brokers through live chat, where they can address any issues relating to retail investor accounts losing money, CFD trading, forex and CFD broker laws, or any other relevant information with them. They are able to assist the broker immediately. If any of your accounts lose money, or if any of the accounts of retail investors lose money, the broker may also contact customer service. If any of your ThinkMarkets accounts lose money in an anonymous manner, you may also notify them of your concern. Their response staff is available at all times to assist you.

Review: When accounts lose money, the site takes steps to ensure that they get the appropriate support. In addition, if you have any questions or concerns about the various deposit and payment options, as well as the different ThinkMarkets account types, you may get in contact with them immediately.

Review: Their FRN 629628 is issued by the Financial Conduct Authority (FCA) in the United Kingdom, which approves and regulates their activities. For the purposes of the Corporations Act 2001, they are overseen by the Australian Investments and Security Commissions (Investments Commission ASIC), which is responsible for ensuring that the law is followed. The Financial Conduct Authority, on the other hand, is in charge of and governs the whole platform.

Review: In the unlikely event of a default, the Financial Services Compensation Scheme (FSCS) in the United Kingdom covers customers up to a limit of GBP 85,000. In order to protect customers whose underlying assets above the FSCS's threshold, ThinkMarkets purchased Excess of FSCS Insurance on their behalf. This particular insurance from ThinkMarkets provides investors with more protection and reimbursement rights. As a standard, this covers amounts up to one million pounds sterling. It also has a number of London Wealth Management Awards to its credit.

Review: Customers from all around the globe use the platform, which has a diverse portfolio of clients. In order to learn more about the customers, you can directly contact the experienced advisers by visiting the contact us page on the website. They will supply you with all of the information on the customers that is available to them and will answer any questions you may have about them.

Listed Below Are the Services Provided by ThinkMarkets ThinkMarkets is a multi-asset marketplace that currently has over 1500 traded assets available. ThinkMarkets offers the ability to trade a variety of tradable assets, including forex and CFDs.

Review: Trading in a wide range of financial assets is available via ThinkMarkets. An asset is any security or asset, whether real or intangible, that has a monetary value connected with it in the context of financial investment. Forex and CFDs are considered to be financial assets, according to this definition.

Review: Take advantage of prominent experts' research-backed insights on financial markets and investing from ThinkMarkets. For traders, ThinkMarkets provides three trading platforms that are available from a range of devices, including Android devices, Windows PCs, Apple Mac computers, and iOS devices such as iPhone or iPad, as well as on the web using any web browser, and from a multitude of devices simultaneously.

Review: ThinkMarkets offers a simple-to-use trading platform that includes features that are beneficial to both beginner and seasoned traders. In addition, ThinkMarkets customers benefit from the fact that the ThinkMarkets platform is accessible in more than 12 different language versions.

Review: ThinkMarkets is governed by a number of top-tier financial authorities across the globe. Examples include TF Global Markets (UK) Limited, which is regulated by the Financial Conduct Authority (FCA) in the United Kingdom, and which is required to segregate client funds, provide negative balance protection, and impose close-out margins.

In the event that any investor accounts experience a loss of funds, the platform also provides a protection plan.

Review: ThinkMarkets' Australian brokerage services, which are domiciled in Melbourne, are regulated by the Australian Securities and Investments Commission (ASIC). Because it is regulated by the Australian Securities and Investments Commission, TF Global Markets Aust Limited is required to ensure that client funds are held in segregated retail investor accounts. In contrast, investor balance protection and closeout margins are not legally needed in most cases.

Review: FSCA and Financial Services Authority Seychelles, as well as the Financial Conduct Authority and the Australian Securities and Investments Commission (ASIC), regulate ThinkMarkets subsidiaries in South Africa and Seychelles, respectively (FSA or Financial Services Authority). In order to safeguard investors who lose money while trading CFDs, several protection measures and basic compliance questions required must be met.

ThinkMarkets Review: Advantages and Disadvantages

Review: There are several advantages and disadvantages to utilising ThinkMarkets as a platform to produce revenue and begin trading. Every aspect of this platform, from offering the finest user experience to charging lesser costs, outperforms its rivals in a variety of ways.

Review: Despite the fact that there are several advantages to utilising this platform, there are a few disadvantages that you should be aware of before beginning to use this platform for different informative reasons. For your convenience, we've included a summary of the advantages and disadvantages.

Narrow spread betting is available inside the market and begins at 0.0 pips. This CFD trading platform does not provide any accounts for individual investors in the form of cents.

The minimum amount that may be deposited into a basic account is set at $0. This makes it even simpler for all newcomers to get started trading CFDs without having to spend a lot of money and to learn more about the market.

In terms of promotional services, the company does not provide any prizes, rewards, content, or other perks to its customers.

Review: High-level controls are in place and are heavily regulated by the Financial Authority in a number of countries, ensuring that all customers may feel safe and secure while using this platform.

Review: ThinkMarkets does not allow you to quickly fund your CFD trading account with simply risk money, since this would be illegal. Although you cannot immediately deposit client money to your CFD trading account, you may immediately withdraw client funds from your CFD trading account.

Review: Allows social media trading platforms such as ZuluTrade to mimic transactions from the well-known FX and CFD broker, allowing users to profit from their mistakes. Copy trade is currently permitted in a number of jurisdictions. While copy trading is prohibited in many nations, many countries on the global markets encourage it and enable expert traders to duplicate the transactions that they choose.

On occasion, you may experience a freezing effect on your CFD trading terminals. Although the problem with the trading CFDs platform is rapidly repaired, the platform may continue to stall for many hours at a time.

It also deals with a variety of commodities, including crude oil and natural gas.

Users will be able to register on the website with cheaper minimum deposit costs as a result of this.

Review: They have Australian-listed shares on their worldwide markets, which are brought to life by complying with the bare minimum of regulatory requirements. Before any trading can be performed on the platform, it must first pass through a series of compliance checks.

Because of the reduced entrance criteria as compared to other systems, it is more efficient for all brokers to use.

With features such as low inactivity costs, compliance with the Australian Securities and Investments Commission (ASIC), guaranteed future outcomes projection, and support for MT4 and MT5, this platform is at the top of the rankings.

Review: Users of ThinkMarkets who use MetaTrader 4 have access to a complete set of charting tools as well as automated trading capabilities, which may be utilised to build complex automated trading strategies. The use of this strategy will assist you in avoiding a sudden loss of money while trading CFDs across many worldwide marketplaces. As a result of its user-friendly design, it has earned a reputation as one of the most popular trading platforms for retail investor accounts throughout the world's financial markets.

Review: Despite the fact that MT4 is still widely used, MetaTrader 5 outperforms its predecessor by giving extra charting tools, greater access, and superior backtesting, among other improvements. Another advantage of using MT5 as opposed to MT4 is the availability of trading platforms for customer support and education. With the demise of MT4's customer service, customers who are experiencing difficulties or have queries about the trading platform may have fewer choices for getting help. Additionally, it gives a statistical perspective of the trades and how they are doing in the market, allowing ThinkMarkets traders to focus on other aspects of their business rather than the high danger of losing money in the market.

Review: The FX and CFD broker offers its own share trading software platform, which is available for Mac and Windows PCs, as well as iOS and Android mobile devices. They have gotten great comments, and they provide a user-friendly share trading environment, a variety of technical analysis tools, and the ability to handle high-risk trading situations.

Review: Some instruments, such as shares, have a high level of risk that must be managed, which is something that this technical analysis API can give when interacting with the ThinkMarkets app. Once you have installed this API, most licenced forex brokers will be able to use it from their mobile applications with relative ease. It is less likely that investors would lose money in the global markets when using high-risk management tactics.

Review: Because this programme gives them with a live picture of the performance of the registered traders, according to ThinkMarkets reviews from numerous mobile app users, brokers have argued that their danger of losing money is small or minor.

Review: ThinkMarkets' indices solutions give access to the most important global stock CFDs indexes from five continents.

Review: 15 global indices, including the ASX 200, the Nikkei 225, and the S&P 500, as well as the US dollar currency index and six other AUD-denominated indexes, are included in the ThinkMarkets (UK100aud, SPX500aud, GER30aud, JPN225aud, US30aud, and NAS100aud).

Review: ThinkMarkets also offers 11 futures contracts, which cover a wide range of underlying investment products, including commodities, stock CFDs indexes, derivative products, and VIX volatility, among others. Make certain that you do adequate fundamental analysis on the items before you invest so that you may get greater future outcomes in the future.

Review: When you trade on ThinkMarkets, you may diversify your stock portfolio by trading on a number of commodities such as eight metal pairings, three energies, and other specific items. The traditional Gold spot contract has been supplemented by two micro contracts (XAU/USD Mini and XAG/USD Mini) that allow you to trade forex in smaller position sizes. ThinkMarkets has also expanded its tradable particular product line to include two micro contracts (XAU/USD Mini and XAG/USD Mini) that allow you to trade forex in smaller position sizes.

Review: In addition, the top value broker provides trading access to over 1,500 CFD shares and 50 ETFs, making it a comprehensive trading platform. Starting with a margin as little as 5 percent and the flexibility to trade long and short without owning the underlying physical shares, you may start trading on the world's greatest companies right away. You can access the entire spectrum of stocks with MetaTrader 5 ThinkMarkets; MT4 is still functional, but only the most liquid stocks in each market are available.

It is with great pride that ThinkMarkets announces the launch of its trading infrastructure, which comprises twin Equinix trading servers in Hong Kong and London that allow transaction processing in milliseconds.

Review: ThinkMarkets' cutting-edge technology allows it to achieve 99.99 percent uptime as well as the fastest execution rates conceivable in terms of processing times, making it ideal for automated trading.

Review: Trade with ThinkMarkets using one of two major trading accounts: the Standard Account, which has a greater spread betting range, and the ThinkZero Account, which is an ECN account with narrower spreads and a transaction charge each trade.

Both accounts are available as demo accounts as well as Islamic accounts, and ThinkMarkets also offers a unique Joint Account that may be used by two or more individual professional traders at the same time to trade together.

Three MetaTrader platforms (MT4, MT5, and the proprietary ThinkTrader) are available for use, with 36 currency pairings and five cryptocurrency pairings available for trading on each of the three trading platforms.

Review: ThinkMarkets is thrilled to be able to provide Trading Central's suite of trading tools to its customers. Individual professional traders, hedge funds, online brokers, financial institutions, and exchanges may benefit from the practical investing research leveraged products offered by a worldwide pioneer in the field. Aspects of their product offering include the evaluation of technical, fundamental, and value-based data by humans and machines, respectively.

Review: Using these insights, today's traders may participate in the financial markets by supporting them in the generation of trading ideas, the validation of trading decisions, and the management of risk - all at the point of action.

In addition, the insights assist consumers in lowering the likelihood of losing money in the market.

Review: For the first time, ForexVPS.net and ThinkMarkets have joined forces to provide customers a full-service and trustworthy virtual private server (VPS) alternative for hosting their MT4 EAs and signals. For the first time, ForexVPS.net and ThinkMarkets have joined forces to provide customers a full-service and trustworthy virtual private server (VPS) alternative for hosting their MT4 EAs and signals.

Review: In terms of power, ForexVPS servers are among the most powerful that money can buy, giving you the assurance that your virtual private server (VPS) will constantly be linked to the forex markets. In addition, they have professionals available 24 hours a day to assist you with setting up your VPS, troubleshooting any difficulties, and even installing 3rd party EAs and indicators on your account.

Review: The procedure of creating a ThinkZero account on this ThinkMarkets entity platform is rather straightforward. In order to trade CFDs and other products, you will need to complete the procedures outlined below and begin putting money into your share trading account in sufficient quantities.

Review: According to the market maker, the usual account opening procedure at ThinkMarkets differs depending on the kind of account you select to establish when creating an account. If you choose to open an individual account, the following is the procedure that you will need to follow in accordance with the expert market maker's instructions: You'll need a valid passport, government identification, state identification, or a valid driving licence to enter the country.

You will also be needed to produce a valid National Photo Identification Card or any other authorised National Identification Card.

Proof of residence is required you may produce a bank statement or any other utility bill to demonstrate your residency.

If you are interested in creating a personal or joint account, you will need to provide the same papers that were indicated previously. Similarly, if you want to create a corporate account, you must provide the necessary identification papers.

Review: For citizens of Australia, there are certain additional norms and regulations to be aware of. Furthermore, the trade characteristics of various nations may vary. When you visit the ThinkMarkets website, you must make sure that the technical indicators are up to date. If you want to see for yourself how much trading experience this platform provides, you may visit the website once and see for yourself how much it gives.

Review: Despite the fact that account opening occurs more quickly, due to high volume, it can take hours to open a new account. The platform, on the other hand, provides more transparency into the process via the usage of optional features that are made available to consumers. Once the account has been activated, the trader may begin investing funds and earning profits.

Review: The ThinkMarkets Standard Account and the ThinkZero ECN-style account are the two options available to consumers who trade forex and CFDs with ThinkMarkets, respectively. The difference between the two account types is that one has tighter spreads and the other has higher commission expenses.

Review: Standard account holders trade stocks with wider spreads but pay no commission costs, whereas ThinkZero account holders trade stocks with narrower average spreads but pay flat-rate commission fees for FX and metals. Standard account holders can trade stocks with wider spreads but pay no commission costs.

Review: There are no commission costs and no ThinkMarkets withdrawal fees while trading with a Standard Account, save from the commission charge for the spread. Standard Accounts, despite the fact that typical spreads are higher than those associated with a ThinkZero trading account, are an excellent solution for beginner traders who prefer to avoid the complexity of commission cost calculations. Furthermore, a Standard spread only ThinkZero account type may be more appealing to inexperienced retail traders since it does not demand a minimum initial commitment to begin trading.

Review: To avoid losing money quickly, make sure that you thoroughly review the features, terms, and trading conditions of the ThinkMarkets proprietary trading platform before creating an account with them. In order to open a bank account, you must first obtain independent legal or financial advice from industry professionals. Take the time to thoroughly review the trading terms and ensure that you are familiar with the base currencies and currency pairings, as well as the minimum deposit and maximum transaction requirements, as well as the tight ThinkMarkets spreads and other factual information available in this account. Also, look into the deposit method that is being given and whether or not this account type accepts it. It may differ based on where you live and what area you are in.

Review: Consider checking all of the relevant factual information, including the fee structure ThinkMarkets; withdrawing information; log-in and dealing desk information; research tools; mobile app compatibility; minimum trade deposits; and the live prices; price movements; and education tools; that this account type supports.

Review: ThinkMarkets Islamic Accounts are available to forex traders who adhere to Islamic principles. As opposed to conventional trading accounts, which pay and receive swap rates dependent on interest rates, Islamic trading accounts charge a fixed cost for all open positions. Furthermore, for positions maintained for seven days or longer, ThinkMarkets charges a flat weekly administration price rather than swaps (also known as overnight costs or rolling fees).

Review: When trading big currency pairs, Islamic account holders are charged a $5 financing fee, whereas trading minor currency pairs results in a $10 fee. You should also completely review the trading platform to get a comprehensive understanding of the market volatility, target market determination tactics, and general trading vocabulary before you begin the process of setting up your account.

Review: It is possible that the financing methods available to traders using this sort of account supplied by ThinkMarkets will be different depending on where you are located in the world. The ThinkMarkets group makes every effort to give you with the greatest possible advantage in terms of minimum deposits, funding options, and a thorough explanation of the account type before you register an account with them.

In addition, you should carefully go over the membership cost portion of the ThinkMarkets trading platform so that you can grasp all of the aspects involved with it.

Review: In accordance with the ThinkMarkets subsidiary through which you trade and the financial instrument you trade, different leverage amounts will be offered to you. This is due to the fact that each ThinkMarkets subsidiary is governed by a distinct regulatory agency.

In order to trade forex with the FSA (Financial Services Authority of Seychelles) or the FSCA (Financial Services Conduct Authority of South Africa), you must be regulated by one of the two authorities.

Review: Consider that ThinkMarkets FCA (Financial Conduct Authority, United Kingdom) or the broker's ASIC (Australian Securities and Investments Commission) leverage can be up to 30:1 for major currencies and 20:1 for minor and exotic currencies, especially when it comes to Australian securities, according to the Financial Conduct Authority.

Review: The maximum amount of leverage that a trader can use when trading CFDs is also determined by the asset class that is generated by the CFD product being traded. When trading with ThinkMarkets Australia, for example, forex and CFD trading strategies using indices may be leveraged up to 200:1, foreign stocks can be leveraged up to 20:1, and cryptocurrencies (including Bitcoin cash) traded outside of the UK can be leveraged up to 10:1.

Leverage regulations are stricter for ThinkMarkets FCA and ASIC-regulated brokers, who are subject to lower leverage limits established by the Australian and United Kingdom financial authorities: 30:1 ratio of major to exotic currency pairings

Gold, minor currency pairs, and big indices are all 20:1 leveraged, with minor indexes and commodities being leveraged at a rate of 10:1.

Shares Despite the fact that the ASIC branch has a crypto 2:1 ratio, there is no crypto in accordance with FCA standards.

Review: However, although leverage may assist traders in increasing their earnings, trading CFDs and FX is a high-risk investment activity, and you should exercise caution when relying on leverage. The whole set of contract specifications may be found on the website of the online broker. You may also go through the applicable product disclosure statement before you begin to invest your money in that particular product.

Review: ThinkMarkets supports deposits and withdrawals in the following currencies: EUR USD, CHF, GBP, and AUD; bear in mind that the base account currencies are USD, EUR, GBP, AUD, and CHF - at this time, ThinkMarkets does not provide INR segregated accounts. It is thus necessary to convert any INR deposits and withdrawals. If you make more more than your initial deposits, you will be required to use the maximum leverage offered by the platform.

In accordance with the "return to source" policy, all withdrawals must be done using the same method and account as the original deposit.

Review: While ThinkMarkets does not impose fees for any deposit or withdrawal method, the company has the right to charge a small fee for any withdrawal request that originates from a share trading account with little or no trading activity in the last 30 days. If you want more information, please contact ThinkMarkets support.

Review: In addition, there aren't many fees or penalties associated with inactive accounts. You may encounter difficulties when dealing with the nation needs of your clients, tradable instruments and their conversion rates, product issuers' associated information disclosed, market orders, and FCA or Australian Financial Services Authority compliance-related questions. You may always get in contact with the customer service staff and discuss any of your concerns in detail.

You may make deposits and withdrawals using any of the methods listed below.

Review: With a wire transfer, deposits are made at no cost, and the process is expected to take 1-3 business days. Withdrawals are completely free. Transaction timeframes vary between 3 and 5 business days, depending on the bank. Banks may charge a fee for this service.

Visa/Mastercard: Deposits are processed immediately, however withdrawals may take up to 24 hours to process.

Skrill: Deposits are processed in 10 minutes, however withdrawals may take up to 24 hours to process.

ZOTAPAY: Deposits are completed in 10 minutes. Withdrawals, on the other hand, may take up to 24 hours.

Review: ThinkMarkets has an affiliate programme called ThinkAffiliates, which is administered by the company. By driving visitors to the award-winning trading platform, it allows users, webmasters, and bloggers who are actively involved in social media to profit from their efforts. They generate several incentives and recognitions for them as a result of associated with them and assisting them in their growth. Individuals, business customers, and freelancers may all benefit from and make money from the initiative, which is open to everyone. In addition, online trading platforms and market makers with a strong reputation and worldwide reach are often able to give exceptional referral and other rewards to content providers who use their services.

Review: ThinkMarkets has a programme called ThinkInvest that they conduct. They provide traders with the opportunity to develop and improve their revenue as a result of their trading skills. If you have the correct information, you can quickly generate more money utilising the Money Manager software, which can be used for everything from investing funds in trades to investing in cryptocurrencies. This cooperation initiative is open to anybody who wishes to participate. Only a few brokers are required to join, share their information with others, and begin earning income.

Review: Once you become a member of the Money Manager programme, you will be granted access to their advanced platform, which is completely free. Once you have gained exposure, you will be contacted by investors who will be interested in your prior success. It will be your responsibility to handle their finances. You will have the flexibility to go ahead and begin putting cash in your exchange-traded funds in increasing amounts of money utilising your trading skills as soon as you are ready. As soon as your customer begins to make money, comparable brokers will be able to charge you the fees you want.

ThinkMarkets provides its customers with the trading technologies that they need and expect from a brokerage firm.

Review: They give a set of APIs to guarantee that they may take use of the full range of social trading features. With their API connection, their clients may construct effective advanced trading tools and produce algorithmic trading opportunities using their APIs, which is impressive. The following are some of the most important APIs that the platform provides:

Review: By using the Metatrader 4 API, all clients will be able to get direct access and rights in order to build a dynamic and optimal trading environment. The API is capable of delivering trade executions at fast speeds and with minimal latency. It aids in the establishment of direct connections to liquidity pricing and competitive pricing.

Review: Furthermore, it facilitates order management by ensuring that orders are processed at a rapid pace. Additionally, this API gives customers with the greatest forex trading experience available in the trading environment, as well as a dynamic experience. As a result, it is also widely regarded as the greatest CFD supplier in the whole business.

Review: ThinkMarkets has a number of different partnership options to choose from. Every application enables users to earn enough money to support themselves and their families while just sitting at their desks. ThinkMarkets, in a similar vein, enables consumers to participate in compensation programmes for an online broker. Furthermore, other brokers' services and products comply with all applicable rules and are tailored to meet the needs of even the most demanding clients via the use of cutting-edge technology.

Review: Additionally, the platform assures high levels of customer satisfaction by achieving high conversion and retention rates. In addition, you will get a large number of referral campaigns with clear terms and conditions, as well as 24/7 help from the live account management staff.

Review: Individuals who want to become the finest Forex brokers in the world can benefit from the White Label programme that this platform gives them with the best experience possible. The platform enables users to establish their own brands in the forex sector, from delivering the most appropriate brokerage solutions to developing a visually appealing website and brand identification.

You may use this platform to share all of your knowledge, financial advice, and skills with others in order to attract new customers and make cash.

Review: With this innovative technology, you can simply complete transactions and please your customers in an easiest manner.

Review: It enables you to deal with a variety of financial products and trade on a variety of well-known platforms from your mobile device and desktop version.

Review: You may immediately begin marketing your leveraged trading services in any region by contacting the ThinkMarkets regional office in your area. This platform enables all of the partners to provide customers with local and customised experiences. It will guide all IB partners who are upgrading their partnership level and gaining several advantages such as high pay rates and freedom to follow the steps outlined in this programme.

Review: Regional Representatives will get a deeper understanding of the local areas in which they are currently working and will be able to deliver the most appropriate investment advice to your customers on an individual basis. They may assist you in reaching the appropriate set of audiences quickly and efficiently, as well as providing additional assurances to your customers, resulting in a considerable increase in your revenue.

Review: The correct information and skills are required in order to begin generating money in the world of trading. All of the other brokers will require sufficient training as well as fund management abilities in order to do this. In order for the other brokers to trade in multiple currencies and exchange-traded funds, your fundamentals and understanding of trading principles must be at the highest level possible.

Review: To assist all traders, including beginners and specialists, the platform offers the necessary number of instructional materials and assistance to ensure that they fully grasp how to trade on the platform. When you are putting pending orders and when you are utilising the ThinkMarketsto site for educational and informative purposes, you will get familiar with numerous critical levels.

Review: You will also benefit from the support team's assistance in better understanding the trades and providing you with in-depth information and data to help you better understand the analytics of the trades. This team will assist you with defining words, drawing resistance lines, understanding the notion of zones, learning patterns, identifying levels, understanding Fibonacci lines, and many other aspects of trading. When looking for impartial financial advice from a worldwide broker, this is the website to go to first.

Review: The ThinkMarkets organisation provides forex trading services in a wide range of nations and subcontinents throughout the world.

Review: Among the instruments supported are the EUR USD, GBP AUD CHF NZD NOK SGD MXN SEK HUF CNH TRY ZAR and a slew of other currencies and commodities.

Review: Because they have so many instruments to work with, they are able to deliver services all around the world.

Review: Although the swap rates of different countries may differ from those that can be found on their official websites, the trading fees charged by ThinkMarkets are kept to a bare minimum. When a new client signs up for a trading account, different timeframes may result in different trading fees. You may also contact the support staff if you need any further information on the subject.

Review: In addition to this, new users may deposit and withdraw funds utilising a variety of ThinkMarkets payment options. By logging into the ThinkMarkets Portal, you may also make bank transfers from free equity inside your ThinkZero accounts. It may take some time for the cash equities to be moved into your two bank accounts.

Additionally, they offer regional offices in a number of countries where you may contact them directly and get all of your questions answered at the same time.

Here is a list of some of the nations that are supported by this platform:

  • Australia

  • Thailand

  • Singapore

  • The United Kingdom

  • India

  • Sweden

  • Kuwait

  • Qatar

  • Germany

  • South Africa

 

For additional information on the help provided by other nations, you may visit the organization's official website.

Review: The platform's security is excellent, and this should be noted. The firm complies with the privacy policies and laws established by the regulatory authorities. Upon receiving a client's approval, the platform preserves and safeguards all of the information that they supply. All financial information is managed and stored inside the website, with all necessary security precautions being taken.

Aside from that, the organisation takes concrete efforts to protect the anonymity of its customers and the security of their accounts, and it offers them with the integrity they need in order to protect the information they deserve.

Review: In addition, the organisation secures its employees' personal information. These policies were put in place to guarantee that when they collect information from their customers, they are accountable for the information they gather and will be held accountable in the event of any difficulties or breaches.

Review: According to our ThinkMarkets review and analysis, successful traders may communicate with the ThinkMarkets multilingual trader support staff by live chat help, phone, or email, depending on their preference. Customer care is provided 24 hours a day, seven days a week via the company's website. You may also send a support request if you need quick help with anything. Resources geared for beginning traders provide a gentle introduction to forex trading, with how-to manuals and glossaries readily accessible online.

Review: In-depth trading courses for intermediate traders address subjects like as chart patterns and order types, which are more complicated. Finally, the advanced training guide delves into complicated technical and fundamental market analysis techniques and principles. Any questions or concerns about trading opportunities, special reports, head office inquires, the best forex trading innovation technology, different account types, advanced charting tools, deposit and withdrawal methods, minor forex pairs, or any other issues can be addressed directly by the advisors at ThinkMarkets safe brokers.

Review: ThinkMarkets offers a wide range of account types to accommodate traders of all experience levels, from novices to seasoned investors. ThinkMarkets also offers a diverse variety of markets and three leading trading platforms. It is more beneficial to use a ThinkZero account type that supports ECN-style trading and pricing for scalping, day trading, or developing automated trading systems. ThinkMarkets' regular account is ideal for new traders since it is straightforward and does not need the payment of any extra commission fees.

Review: Is ThinkMarkets a legitimate company? ThinkMarkets is a forex trading platform that is also well-known for its CFD trading capabilities.

Review: The fact that they deal with thousands of financial products such as futures, commodities, brokerage, and many more makes it possible for consumers to trade CFDs with them.

Review: ThinkTrader is legitimate since it allows customers to trade on their platform for a little cost, allowing them to make a profit. In addition to being heavily regulated, it also obtains a large number of excellent consumer evaluations throughout the year.

Review: When it comes to ThinkMarkets, what is the bare minimum deposit? When utilising ThinkMarkets to trade in financial instruments, users are required to make a minimum deposit of $250 in order to be eligible to trade. After completing all of the necessary registration procedures, brokers may begin trading with as little as 250 dollars.

Review: They allow bank transfers as well as a variety of other payment methods, all of which may be used to deposit the bare minimum amount necessary. In the event that you decide to continue with the bank transfer, make sure that you thoroughly review all of the laws and regulations to ensure that you do not lose money while trading CFDs.

Review: Is ThinkMarkets an exchange-traded-network broker? ThinkMarkets is also well-known for providing the greatest ECN Brokerage services, as well as having a high level of leverage. It has a large number of regulatory licences, which authenticate the platform and allow it to trade in ECN Accounts.

Review: Is the ThinkMarkets Chess Tournament sponsored? Chess is sponsored in the form of shares that are listed on the Australian Securities Exchange (ASX) or that are licenced under the Australian Financial Services Licence. The normal brokerage rate given is around 8 Australian Dollars each transaction.

Review: Is it possible to open an Islamic account with ThinkMarkets? ThinkMarkets provides personalised services to all clients, regardless of whether they are using a Live or Demo Account or an Islamic Account, according to their needs. They may also create a Joint Account with ThinkMarkets and begin trading in financial products with that account number.

ForexBrokers.co.in fully endorses ThinkMarkets.

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Written by Swarna Shrivastav

Swarna ShrivastavI'm an investment banker. But I also write for, and fact-check articles published by ForexBrokers.co.in. Full Bio.

 


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