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Established in 2010, ThinkMarkets is a leading forex and CFD trading broker that provides clients in over 180 countries with access to a wide range of tradable instruments, spread across different markets, including forex, cryptocurrency (crypto CFDs not available to UK clients), shares & ETFs, indices, metals, energy, and futures.
Over the years, the broker has been awarded multiple times for its excellence and reliability. The most recent accomplishments include ‘Best Value Broker in Asia’ at the 2020 Global Forex Awards, ‘Best Forex Trading Platform in Africa’ at the 2021 Global Forex Awards and ‘Best CFD Provider’ at the 2021 City of London Wealth Management Awards.
The brokerage firm is headquartered in London and Melbourne but has coverage across the globe, including Asia-Pacific, Middle East and North Africa, Europe, and South America. ThinkMarkets provides their clients with some of the most popular and advanced trading platforms, helpful tools, and educational resources while offering quality trade execution speeds and competitive trading fees.
ThinkMarkets Platforms & Tools
ThinkMarkets provides clients with a good number of advanced trading platforms, including the popular MetaTrader 4 (MT4), MetaTrader 5 (MT5), and their proprietary ThinkTrader platform. MT4 has a user-friendly interface, with many features, like technical indicators, trading strategy templates, customizable charts, automated trading tools, and a large online community. The platform is available as a web trading terminal, desktop applications for Mac and Windows computers, and mobile trading apps for iPhone, iPad, Android, and Tablet.
ThinkTrader, the broker’s in-house developed platform, is available for desktop, mobile, and tablet. In addition to the tools in this platform, the broker provides other tools, such as an Economic Calendar, Market News, FX Wire Pro, TrendRisk, Trading Central and more.
ThinkMarkets Research & Education
The broker has a selection of educational resources that can be useful to traders of all experience levels. They include trading courses, trading guides, and a glossary of trading terms and their meanings. There are 3 trading courses for beginner, intermediate, and advanced traders, covering topics like how to place a trade, technical analysis, and more. The broker regularly organises webinars and keeps an update schedule on upcoming ones in its “Learn to Trade” section.
ThinkMarkets Trading Accounts
ThinkMarkets offers 2 main account types:
- Standard Account: Basic account with no minimum balance and no commissions; spreads start from 0.4 pips
- ThinkZero Account: A minimum balance of $500, spreads from 0.0 pips
In addition to these two main account types, there is a joint account, professional account and an Islamic-friendly swap-free account. There is a demo account for those who want to test their trading strategies with $25,000 in virtual funds.
ThinkMarkets Account Funding
For account funding and withdrawals, the broker accepts a few payment methods, such as credit/debit cards, crypto wallets, bank wire transfers and online payment processors like Neteller or Skrill. The broker does not charge any withdrawal fees, however, transaction fees and payment processing time may vary with payment method and type of transaction.
ThinkMarkets Customer Service
The broker offers multi-lingual customer support 24/7, and the customer service team can be reached via phone, online chat, or email.
The broker is regulated in multiple jurisdictions, including the United Kingdom, Australia, and South Africa. The broker is authorised and regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, the Financial Services Authority (FSA) in the Seychelles, the Cyprus Securities and Exchange Commission (CySEC) and Japanese Financial Services Agency (JFSA).
ThinkMarkets Review Summary
ThinkMarkets is a regulated broker that offers trading in forex and CFDs in a wide range of assets. They provide the MetaTrader trading platforms and their proprietary ThinkTrader platform, as well as a range of trading tools and educational resources.
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