ThinkMarkets Review ️ Pros and Cons Revealed

Some went into detail about the broker charging reasonable trading fees. The transparency of its fee structure was well received by most ThinkMarkets traders. ThinkMarkets online share trading platform offers Australian share traders – from beginners to the most advanced – a variety of features and guidance in equity markets and Exchange Traded Funds .

With a minimum deposit requirement of $100 USD,AvaTrade feescan be classed as low. ThinkMarkets is a well-known and licenced online broker that prioritises client protection. Account types are versatile, and traders may access a variety of trading instruments and training information. The broker offers a proprietary web version, a trading software platform for Mac and Windows computers and iOS and Android devices. The mobile trading app is well-reviewed and offers a user-friendly trading environment, a wide range of technical analysis tools and risk management features. 👉 ThinkMarkets offers Muslim traders the option of converting either of their trading accounts to that of an Islamic Account.

In addition, the broker provides useful trading tools such as VPS service to run your automated trading strategies remotely. Moreover, social trading with ZuluTrade comes in handy for investors keen to invest in the portfolios of other traders. As a ThinkZero account holder, traders gain access to ultra-tight, ECN-style spreads while paying flat-rate commission fees on FX and metals.

thinkmarkets fees

ThinkMarkets teamed with ForexVPS, one of the most dependable VPS providers in the industry, to guarantee that the traders receive reliable execution without having to worry about technical issues. This free service is available to all traders who trade at least 15 round turn lots on Forex in a calendar month. You can get a free vps from some other brokers including Switch Markets. It is accessible through desktop (Windows/Mac), web browser, and mobile (iPhone/iPad/Android/Tablet). MetaTrader 4 has established itself as the top forex and CFD trading platform, allowing traders to tailor their trading experience in order to get a technical advantage. ThinkMarkets has over a decade of experience in facilitating online financial markets trading.

ThinkMarkets Instruments Summary

ThinkMarkets has a Trust Score of 86, compared to the industry average of 83, and considers ThinkMarkets to be Trusted. ThinkMarkets offers and accepts payments via wire transfers, debit/credit cards, e-wallets, and crypto. With the daily, weekly, and monthly reports, you can see your trade history at a glance, or you may choose a timeframe of your own. With the unique quad display, you can gain a macro edge and watch four real-time charts on your mobile device.

Another highlight of the company’s dedication to keeping account holders is the up-to-date economic calendar, eliminating the chances of them passing a lucrative trading opportunity. Both intermediate and experienced traders can use thinkMarkets’ education materials. The broker has numerous articles and trading guides to assist traders in understanding the fundamentals of trading and possessing adequate knowledge of the working of the platforms. Charting no doubt is an essential component of trading, and it’s what makes a trading platform superior. ThinkTrader offers 50+ intelligent drawing tools and 80+ indicators. The desktop-trading platform has been designed to make trading easier and hassle-free for traders with varying levels of experience.

Islamic account holders trading major forex pairs incur $5 financing fees, while a $10 fee is charged when trading minor forex pair. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how derivatives work and whether you can afford to take the high risk of losing your money. Those that supported ThinkMarkets commented on their wonderful experiences with ThinkMarkets’ demo account and 24/7 customer service.

thinkmarkets fees

The minimum deposit required to open a ThinkMarkets Account is $0 USD. According to our independent database , the average forex broker offers 29 of the 37 products and features currently tracked for our offering of investments category. ThinkMarkets offers 30, which helped contribute to the broker ranking #27 out of 62 brokers overall in this category. Between 65% and 82% of retail investor accounts lose money when trading CFDs.

Fees and Charges

ThinkMarkets offers a demo account with $/£25,000 in practice cash. Users can refine strategies and test the MT4, MT5, and ThinkTrader platforms while getting familiar with the available instruments. The award-winning mobile program offers thousands of markets, in-app chat support, plus a breadth of analysis tools and technical indicators. Three trading platforms are available; the broker’s own ThinkTrader, MetaTrader 4 , and MetaTrader 5 . Since 2010, the online broker has expanded its trading operations, attracting 550,000 users in 180 countries, including Indonesia, Egypt, the UAE, and Bulgaria.

  • For clients whose assets exceed the FSCS’s threshold, ThinkMarkets offers its clients Excess of FSCS Insurance.
  • We traded the popular instrument ineach markettoget the real spreads and placed a total of 15 trades.
  • Plus, the broker does not have a licence to practice banking operations.
  • ThinkMarkets make a wide array of educational materials including tutorials, live webinar sessions, a trading glossary, a knowledge base, and a selection of trading guides.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Remember – there’s a difference between trading U.S. stocks as CFDs and being able to own the underlying stock. If you purchase a U.S. stock, you own the actual shares; if you purchase thinkmarkets broker review or trade a CFD, you don’t own the asset itself. According to our database, 90% of forex brokers allow you to trade U.S. stocks as a CFD, while only 27% allow you to own the stock itself. Nearly every trader on the planet owns a smartphone, but that doesn’t mean that every mobile trading app offers the same forex trading capabilities.

ThinkMarkets Fees, Spreads, and Commission

If you want to change the leverage in your trading account, you can contact customer support or email them your account number and the expected leverage you wish from your registered email id Each of the accounts holds different brokerage fees depending upon its offerings and services chosen by the traders. ThinkMarkets offers the most recognized trading platforms to its users including MT5, MT4, and its in-house trading platform ThinkTrader. ThinkMarkets does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment. There is a very high degree of risk involved in trading securities.

thinkmarkets fees

Our overall account opening experience was smooth and without any issues, from registration to verification. Provide financial details like employment status, annual income, and value of savings and investments. Our overall experience of opening a new account with ThinkMarkets was smooth and quick.

ThinkMarkets ThinkZero account

Specifically for South African traders, ThinkMarkets are offering the opportunity to learn from the experts with ‘The Trading Masterclasses Series 2023’. 📊 ThinkMarkets also provides traders with the option of making use of more than one trading platform simultaneously. 📊 ThinkMarkets makes use of MetaTrader 4, MetaTrader 5, and ThinkTrader.

Additional Features

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. When compared to similar brokers a viable alternative broker choice to ThinkMarketsisAvatrade. AvaTrade is a global CFD andforex brokerwith over 16 years of experience in the financial markets.

This AFSL authorises us to provide our services to people or businesses that are located in Australia. Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets. Harness the market intelligence you need to build your trading strategies. Boost your investing knowledge with our live, interactive webinars delivered by industry experts.

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