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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. A choice of trading platforms, thousands of instruments, and low fees make the group suitable for beginners and veterans. The broker is also highly regulated with a long list of positive reviews from customers worldwide.
Additionally, trend PDFs, market news, and blogs from industry experts can be found on the broker’s website. The award-winning mobile program offers thousands of markets, in-app chat support, plus a breadth of analysis tools and technical indicators. With the ThinkZero spread account, there is a $3.5 commission per side of 100,000 (£2.5 units per side in the UK). This commission applies to FX and Metals only and ThinkZero accounts are available on MetaTrader 4 and MetaTrader 5 platforms. Three trading platforms are available; the broker’s own ThinkTrader, MetaTrader 4 , and MetaTrader 5 .
ThinkMarkets offers a demo account with $/£25,000 in virtual cash. However, the ThinkZero account comes with a $/£500 minimum deposit requirement. For security reasons, the withdrawal and deposit method must be the same. Withdrawals are normally processed within 24 hours but may take up to seven working days. For withdrawals via bank transfer, the minimum withdrawal amount is $/£100.
ThinkMarkets is a multi-regulated forex and CFD broker71.89% of retail investor accounts lose money when trading CFDs with this provider. Visit ThinkMarkets is a multi-regulated forex and CFD broker71.89% of retail investor accounts lose money when trading CFDs with this provider. 71.89% of retail investor accounts lose money when trading CFDs with this provider.
ThinkMarkets vs Other Brokers
To avoid a margin call, make sure you have enough capital in your account.
The company holds licenses with some of the most respected regulatory bodies, including the UK’s FCA. Customer reviews also show the broker can be trusted. FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms. ThinkMarkets has a pretty good library of educational resources. For beginners, there are free video tutorials and a trading glossary. Tutorials aimed at intermediate and advanced traders are also available.
- ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services.
- 71.89% of retail investor accounts lose money when trading CFDs with this provider.
- Overall, we’re satisfied the broker is highly regulated and trustworthy.
- FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
Standard account – Average FX spread is 1.2 pips, no commission or minimum deposit, and maximum trade size is 50 lots. The Standard account has VPS access available via MT4 and MT5 but no access to an account manager. ThinkZero – Average FX spread is 0.1 pips, $3.5 / £2.5 unit commission per side, $/£500 minimum deposit, and maximum trade size is 100 lots.
Consult relevant financial professionals in your country of residence to get personalised advice before you make any trading or investing decisions. Daytrading.com may receive compensation from the brands or services mentioned on this website. A self-service FAQ client portal and online query form are also available on the broker’s website. Note the broker does not use an ECN model and is primarily a market maker.
What is the minimum deposit at ThinkMarkets?
ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. The multitude of tools are all designed to help traders boost revenue and minimise losses. All contents on this site is for informational purposes only and does not constitute financial advice.
Note, the demo account on MT4 / MT5 will expire after 90 days of inactivity. 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 platform promises fast trade execution, over 100 indicators, and one-click-trading.
Mobile App
The https://forexbroker-listing.com/ website is secured using industry-standard encryption protocols. Also, the MetaTrader platforms use a one-time-password to provide an additional layer of security. Overall, we’re satisfied the broker is highly regulated and trustworthy. There is no minimum deposit with the Standard account, but the ThinkZero account requires a minimum deposit of $/£500. ThinkMarkets offer a full-service mobile app called ThinkTrader, which is available to download for iOS and Android devices. Previously Trade Interceptor, ThinkMarkets has enhanced the platform to provide a superior mobile trading experience.
The MT4 system also comes with a host of superb apps and additional features, including free access to Trading Central, a VPS, and FXWirePro. thinkmarkets broker review is a multi-regulated broker offering trading in forex and CFDs. Users can choose between MT4 and MT5, plus the broker’s ThinkTrader platform. This, along with low trading fees and over 3500 instruments makes the ThinkMarkets group an attractive proposition. IG Group – IG offer spread betting, CFD and Forex trading across a range of markets.
What instruments can I trade at ThinkMarkets?
Clients can trade FX, indices, commodities and shares on MT4, MT5, cTrader and TradingView platforms. ThinkMarkets trading hours follow standard opening and closing times of respective markets. So, for forex and indices, most trading will take place Monday to Friday. Contract specific opening hours can be found on the broker’s website.
Compare the markets and instruments offered by ThinkMarkets and its competitors. Please note, some markets may only be available via CFDs or other derivatives. The broker offers negative balance protection to stop clients from losing more than their deposits. The maximum leverage available depends upon the type of account (retail /professional) and the ThinkMarkets entity. Spreads are variable and start from zero pips on major FX pairs, such as the EUR/USD and GBP/USD.
ThinkZero is best suited to traders looking for zero spreads and large position sizes. The MT5 platform is the latest version of the popular MT4 software. It appeals to seasoned traders, in particular, offering more advanced trading tools and analysis features. Users benefit from additional technical indicators and timeframes, plus an enhanced strategy tester for EAs, as well as a built-in economic calendar. Pepperstone – Pepperstone offers CFD trading to both retail and professional traders.
They are FCA regulated, boast a great trading app and have over 47 year track record of excellence. The broker’s proprietary ThinkTrader platform is slick and intuitive. Users get over 125 indicators, 50 drawing tools, plus 20 different chart types. Clients also benefit from close to 200 free cloud-based notifications. Direct chart trading is also available, along with standard risk management tools and multiple order types. Since 2010, the online broker has expanded its trading operations, attracting 550,000 users in 180 countries, including Indonesia, Egypt, the UAE, and Bulgaria.