ThinkForex

The Company. Security of Funds

ThinkMarkets is an FX as well as CFD brokerage that caters to retail and institutional customers. It provides trading on a wide array of financial instruments including CFDs on currency pairs, the indices, precious metals cryptocurrency and commodities. Since it was established at the end of 2010 within New Zealand, the broker is now internationally active with clients in more than 75 countries.

ThinkMarkets is a registered trademark of TF Global Markets (Aust) Pty Ltd. It is authorised and controlled through the Australian Securities & Investments Commission (ASIC).

In order to provide European clients The broker has established an entity located in the United Kingdom – TF Global Markets (UK) Ltd. It is licensed and is regulated under the supervision of the Financial Conduct Authority (FCA).

London as well as Sydney are well-known forex hubs that offer favorable conditions for traders and brokers. The FIFO rule does not apply as there is no cap on leverage.

There are two watchdogs: the Australian as well as the UK watchdogs have specific regulations and rules to holders of licenses The most significant of these is that they meet the capital minimum requirements as well as the client’s money rule. The two ASIC as well as FCA-regulated brokerages are required to keep client funds in separate accounts that are separate from business’s operating funds. In order to demonstrate their financial stability UK-based brokers must have net tangible assets of at the minimum EUR730 000 or Australian ones must have at least $1 million.

Furthermore, customers from UK broker are covered under the Financial Services Compensation Scheme (FSCS) protection. If there is a company’s bankruptcy, FSCS is able pay an amount of compensation that is up to a limit of PS50,000 per for each controlled company. Additionally, ThinkMarkets has launched an additional PS1m insurance policy per customer which is that is insured through QBE Underwriting Limited and other participating syndicates of Lloyd’s of London.

Australian Forex broker regulations However, it does not contain any compensation program in the event an authorized company goes under.

Trading Conditions

Minimum Initial Deposit

There is a minimal deposit requirement to open an account to trade with ThinkMarkets.

Average spreads and Commissions

ThinkMarkets provides flexible spreads that differ by the account type. The spreads for the Standard account begin at 1.2 per cent on EUR/USD and are comparable to the offerings of the majority of brokers. You can examine and examine the real-time spreads offered by the top 15 brokers here..

Leverage

Leverage rates that can be used offered by ThinkMarkets are as high as 1:500. The leverage rate is regarded as rather high, however numerous other brokers that are regulated by the FCA and ASIC provide similar or even greater leverage rates. For example, AxiTrader provides leverage as high as 1:400 and XM is as high as 1:888. It is possible to look up the listing of brokers that offer leverage up or greater than 1:500. be found here.

Be aware that investing in derivatives over the counter with high leverage comes with substantial risks. The higher leverage levels could increase your profits on a modest investment, but they can cause losses, over and above the initial investment.

Trading Platforms

ThinkMarkets can be used with both MetaQuotes and MetaQuotes’ platforms: MetaTrader4 (MT4) and the MetaTrader5 (MT5). Additionally, clients of the broker are also able to use their own ThinkTrader It comes with remarkable features such as the charting that includes more than 80 indicators and 50 drawing tools or the 200 alerts that are cloud-based that can be sent to you, even if you’re offline.

But, most traders favor however, the MT4 or MT5 as they are well-known in the Forex business. They’ve proved trustworthy, and have a an easy-to-use interface, an advanced charting tools, a range different technical indicator, a large back-testing facility and a range of Expert Advisors (EAs) that can automate trading sessions. In addition trading, traders can host the strategies they use to trade on their virtual server that is free for anyone who makes a deposit of up to $2000.

ThinkMarkets has joined forces in partnership with MyFXBook for the purpose of being able to provide its customers sophisticated social trading using the unique AutoTrade platform. Traders can directly copy trades to the ThinkMarkets MetaTrader 4 account with no effort.

Additionally, ThinkMarkets utilizes some advanced trading tools, including the Autochartist, the Economic calendar and Reuters the newsfeed.

Autochartist is a powerful tool that allows for the automatic detection of trading opportunities that can be described in chart designs, Fibonacci patterns Key Levels, and Fibonacci patterns. Autochartist’s proprietary technology enables the search engine to analyze hundreds of instruments in the financial market throughout the day, revealing trade opportunities as they happen.

Another advantage that this company has is the fact that it has put its Equinox trading servers in the same place as the top liquidity providers, allowing its clients to get an extremely quick execution.

Methods of Payment

Customers of ThinkMarkets can deposit funds into and withdrawals from their accounts using debit or credit cards (Visa, MasterCard, Maestro) as well as bank wires, Skrill, PayPal and Neteller. There are additional payment options offered in various countries.

ThinkMarkets allows customers to create accounts and deposit money into USD, EUR, GBP CHF, AUD and USD.

Conclusion

ThinkMarkets is a highly-regulated, award-winning broker that has a presence in more than 75 countries. It allows trading on a variety of CFD and currency pairs clients are able to select between three platforms including three platforms: MT4, MT5 and its proprietary web-based ThinkTrader. In addition, the terms of trading are quite appealing.