Think Markets is one of the leading online Forex brokers which was established in New Zealand in 2010. It serves millions of clients in over 75 countries all over the world. It is owned by TF Global Markets Pty Ltd with license number 424700. It’s headquarter is located in Australia, with its satellite office in London. It has received numerous awards for the quality of service of provides.
Basic Information of the Broker
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Regulator – ASIC
Trading Platforms – MT4
Available since – 2010
Minimum deposit – $250
Leverage – Up to 1:500
Spreads (& commission) – 0.8 pips
Minimum trade size – 0.01 lot
Demo account – Available
Mobile Trading – Available
Trade Signals – e-mail alerts, website personal page Automated Trading
US Clients- No
Islamic Account– No
ThinkMarkets offer their clients the MetaTrader 4 or MT4 trading platform.
MetaTrader 4 is an online Forex trading platform widely used by traders all over the world. It is developed by Metaquotes Software Corporation and was released last 2005. It is licensed under the same company and it consists of both client and server component. It enables clients to write down their own scripts and robots that have the capacity to automate trading.
A mobile-friendly trading platform is offered by ThinkMarkets to accommodate the needs of their clients who are constantly moving from one place to another. With these, clients can do all trading activities right on their mobile phone. The mobile version is available and can be downloaded from the Google Play store or Apple App Store.
ThinkMarkets offer their clients three account types to choose from.
1. Standard Account – Account holders of this type has around $250 to $1,999 in their account.
2. Pro Account – In order to qualify for this account type, one must at least have $2,000 to $24,999 in their account.
3. VIP Account – In order to open a VIP account, one must at least have $25,000 in his account.
The demo account offered by ThinkMarkets is exactly the same as the different accounts that they offer. It comes with a virtual cash which clients can use when practicing how to trade.
A minimum deposit of $250 is needed in order for someone to live trade with ThinkMarkets. This is truly an amazing deal considering the reputation and benefits of trading with ThinkMarkets.
If a client wishes to deposit or withdraw, he can do the transaction via bank wire transfer, credit card, and e-wallet. The processing time is around 24 hours and is free of charge.
A leverage which is as high as 1:500 is offered by ThinkMarkets. Such leverage is high which means that there is a higher change for higher gains and higher risk as well. As such, traders are advised to trade with utmost care.
Spreads and Commissions
ThinkMarkets has an average spread of 0.8 pips. The spread that the broker offers greatly depends on the policies of ThinkMarkets.
Regulation and License
ThinkMarkets is under the jurisdiction of ASIC with license #424700.
Taking into account, both of these regulatory bodies is well known due to its strict policies and prestigious management. With this, ThinkMarkets clients are ensured and they really have nothing to worry about when it comes to the security of their assets.
In order to accommodate their client’s needs, the ThinkMarkets website is available in different languages. Furthermore, clients can reach ThinkMarkets via live chat and customer support team.
Benefits of Trading with ThinkMarkets
Trading with ThinkMarkets offers a lot of benefits which include a quality service and products, a user-friendly trading platform which they can use at ease, properly regulated and so much more.
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- Well regulated
- Low initial deposit
- Easy to manipulate trading platforms
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- Limited trading platform choice
Overall, ThinkMarkets is truly an amazing online financial broker which is suited for traders of all ages. It is well regulated and the trading platforms are easy to use, in as much it lessens the risk every time they trade. It is equipped with such amazing features which clients can maximize once they open a live trading account with ThinkMarkets.