ThinkMarkets Review: More market tools than you may think

thinkmarkets review

ThinkMarkets recently renewed its insurance policy with Lloyd’s of London which in the unlikely event of bankruptcy or failure of the broker, protects clients’ funds for up to $1 million. This is by far the highest compensation offered in the market, where most brokers are only required to offer a minimum of $50,000 under the Financial Services Compensation Scheme (FSCS). Over 20% of TrustPilot reviews were negative and another 70%+ were positive, meaning that people on the site had mixed reactions to the broker’s success rates and customer service. 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.

Does ThinkMarkets have a demo account?

The broker also provides access to more than 3,500 CFD shares and 352 ETFs to speculate on. You can start trading on the world’s biggest companies with a margin starting from 5% and the ability to go both long and short without actually owning the underlying physical stock. thinkmarkets broker review Using MetaTrader 5 gives you access to the full range of stocks, you can still use MT4 but only the major stocks for each market is available. ThinkMarkets offers you the opportunity to diversify your trading portfolio and trade on a range of 8 metal pairs and 3 energies.

Does ThinkMarkets charge an inactivity fee?

You are free to contact them over the phone, email, or even through a live chat function – all of which promise quick responses. Users are free to trade any currency pair they wish to trade, with spreads as low as 0 pips (on a ThinkZero account). It offers EURUSD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, USD/CAD, and many more currency pairs. Indices are used to keep track of performance levels in a country’s economy or even a specific market sector; they are made up of a number of shares.

Laggy app it takes 10 seconds literally…

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. 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. Features like custom charts, automatic alerts, and economic calendars simplify the process of trading. The broker does not offer any fixed spreads, which would require interfering with market forces or client orders.

IFX Brokers Fees and Spreads

Again, ThinkMarkets had its fair share of users that enjoyed their time trading on its platforms – rejoicing that trades could take place virtually instantaneously. The low spreads and commission were also popular with the masses. Everything from the withdrawal of funds to customer service met their expectations and a delightful majority were satisfied with ThinkMarkets as their go-to broker.

In addition, provision is also made for indicators, a trading glossary, and a knowledge base. ThinkMarkets provides webinars that feature both archived and live videos along with training guides, daily analysis, and commentary. 📊 ThinkMarkets also provides traders with the option of making use of more than one trading platform simultaneously. ThinkMarkets provides traders with various options pertaining to accounts. Traders can therefore overview the accounts and features with ease and decide which account would better suit their trading needs. Have been with Thinkmarkets since roughly 2019 and tried many other brokers.Noone comes near what Thinkmarkets can deliver of good service and spot on prices.

ThinkMarkets was founded in 2010 and has since established a strong presence in the forex and CFD trading industry. It is regulated by several top-tier authorities, enhancing its credibility and trustworthiness among traders. The broker offers a wide range of trading platforms and tools, catering to both novice and experienced traders. 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 has a good range of powerful and advanced trading platforms to meet the needs of different traders.

  1. In place of swaps (also called overnight fees or rolling fees), ThinkMarkets charges a flat rate weekly administrative fee for positions held 7 days or longer.
  2. Moreover, they offer 15 different languages to enable international traders to comfortably trade on the platform in their preferred language.
  3. All three platforms offer Web, Desktop, and Mobile/Tablet App versions so that clients have access to their Thinkmarkets account from anywhere, at anytime.

We offer impartial reviews of online brokers that are hand-written, edited and fact-checked by our research team, which spends thousands of hours each year assessing trading platforms. They incorporate top of the range trading technologies with advanced trading platforms and tools. They have a partnership with Equinix who are the world’s largest trading data centre with locations in London and Hong Kong that connect ThinkMarkets vast liquidity pool directly to your trading platforms. This high-end technology enables them to provide fast and reliable trade execution under all market conditions with the best possible prices and tightest spreads from just 0.1 pips. If you want spreads from 0.0 pips, you can take a look at XM Group as an alternative.

ThinkMarkets also performed very well in the Account Types category. The broker offers two retail account types – Standard and ThinkZero – with different pricing models. ThinkMarkets scored very highly in the Deposit and Withdrawal category. The broker does not charge any handling fees for deposits and withdrawals, though third-party banking fees may apply subject to the selected payment method. Clients of ThinkMarkets can transfer funds using bank wire, e-wallets, and cryptocurrencies.

It only offers a smaller range of 46 forex pairs, however, compared to the industry average of 66. ThinkMarkets offers strong mobile trading applications, suitable for traders who need flexibility. When considering commissions and fees, ThinkMarkets is average, which might be a deciding factor for cost-sensitive traders.

With its diverse asset list, competitive fees and superb charting software, ThinkMarkets maintains its position as a top choice for most CFD traders. That said, experienced traders will particularly appreciate the range of advanced tools, including forex signals and VPS solutions. A VPS can offer improved performance, helping to reduce trading latency and increase execution speeds. To qualify for a free VPS, clients must trade a minimum amount of lots per calendar month. You can get a free VPS from other brokers including Blueberry Markets. Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today.

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