Forex, Cfd, Metals, Cryptocurrency Trading

Our ratings are based on our objective rating criteria and methodology; and the results are always equally and fairly applied to each broker. The work of our content authors and research groups does not involve any interaction with our advertisers and they do not have access to data concerning the amount of advertising purchased. For over 10 years we consider our independence, absolute openness, and objectivity as our main priority. Please follow the links to each of our affiliated broker’s websites. This will help Tradersunion.com to continue to provide our services to you for free.

Tell our team and traders worldwide about your experience in our User Reviews tab. At the time of this review, ThinkMarkets neither offered bonuses not hosted promotions. ThinkMarkets is a well-regulated and fully compliant broker across three jurisdictions.

You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 3 minutes or so to complete the account opening process. ThinkMarkets have a double AA grade support rating because ThinkMarkets offer live chat and email support in multiple languages. Take time to look around the ThinkMarkets platforms and train yourself to think more systematically and logically about the markets. It’s a new skill-set for many, but it is what the market requires of you.

Its “FX University” is loaded with training guides, videos, and webinars, both archived and live events. Bilingual customer service is “24X6”, and the website can be read in 17 languages. When it comes to customer trust and safety, Think Markets perform very well.

Often you have to visit and read many broker websites all of which have different uses of language. Choosing an online broker like ThinkMarkets can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures.

Is My Money Safe With Thinkmarkets?

Additionally, the trader can set an initial stop loss at the time of execution for market orders and then amend it to a guaranteed stop loss after execution. For pending orders, the trader can choose both guaranteed and/or trailing options when filling out the order ticket prior to execution. The platform features advanced charting with 115 indicators/overlays, 12 chart types, and 35 drawing tools; highly forex analytics customizable watchlists; client sentiment; and a streaming Reuters feed. Charts can be popped ­out to build and optimize complex desktop layouts. Clients who want to study long-­term trends will find price histories going back 20 years on major instruments. The platform also provides price projection and pattern recognition tools as well as a built­-in connection to the client­-based trader’s forum.

If you sign up for a demonstration account on Think Markets, you may set out with a decent amount of virtual currency. It is to establish a feeling of safety and confidence in you until you decide to invest your own money. If trading forex pairs is of interest to you then Think Markets offer over 40 forex pairs. As per the company’s privacy regulations, client information is to not be shared with any other institutions or individuals. You can make use of an option for Two Factor Authentications with Think Markets for increased safety. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log in to your accounts.

  • ThinkMarkets adheres to strict rules and regulations of the FCS and ASIC.
  • In addition to a range of major and minor currency pairs—with a few exotics thrown in too—Think Markets have an array of CFDs on offer.
  • That spread is charged through all hours of the trading day, including local time in the U.S., making it an unappealing trading instrument for most account holders.
  • You can see all of the account features offered by ThinkMarkets here.
  • The minimum deposit that you need to get started on Think Markets is $250.
  • The high degree of leverage can work against you as well as for you.

Readers can filter the information based on markets, categories, and authors. It also includes a market sentiment indicator based on client positions. The asset selection at ThinkMarkets is outstanding for most traders. Most assets fall within the equity and ETF space, where more than 1,500 CFDs choices await traders. These are complemented by 16 index CFDs, plus an additional six which are priced in the Australian Dollar. Forex traders have access to only 40 currency pairs, placing ThinkMarkets towards the bottom of the list. Completing the asset selection are ten commodity CFDs, five cryptocurrencies, and 13 futures contracts.

I had already talked to more experienced traders, and I knew that you need to test different companies first. Yes, it is not exactly for beginners, and yes, you will have to worry about replenishment. In particular, I want to note spreads that tend to grow by leaps and bounds. Here they are also growing, but not so actively, plus cooperation with the Traders Union gives an additional profit. I am satisfied so far, and consider ThinkMarkets as my main broker. The ThinkMarkets brokerage company takes care of the technical component.

The spread is ThinkMarkets profit for their brokerage activity. Your withdrawals with forex broker ThinkMarkets are safer than they would be with a non regulated forex broker. Holding a license is a very important aspect you should consider when you choose the best forex broker according to your trader profile.

The Speed Of The Support Team Has Been

Boost your knowledge with our live, interactive webinars delivered by industry experts. No matter your experience level, download our free trading guides and develop your skills. Trade up today – join Retail foreign exchange trading thousands of traders who choose a mobile-first broker. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.

They are regulated by Financial Conduct Authority , Australian Securities and Investment Commission . Think Markets is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams. trader Think Markets protects its clients’ personal and sensitive information under SSL encryption. The process to start trading withThink Markets is perhaps simple enough to be a cakewalk. You need to begin by signing up on the Think Markets website.

Does Thinkmarkets Offer Guaranteed Stop Loss?

Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can’t remember which currency you’re taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

In case you’re withdrawing cash in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you’re choosing to draw in. The minimum deposit that you need to get started on Think Markets is $250. But, ensure you know how to make the most of your cash before investing larger sums.

Thinktrader: Support

With that said, if you are looking for a well put together a platform that is packed full of features, their free demo account is definitely worth a shot. Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss. That is why you should only invest money that you are prepared — or can afford — to lose at such high risks.

We are trying to perform our duties as a reliable broker partner to thousands of customers worldwide. Clients may e-mail, call, or use the live chat function, the most convenient form to reach a support representative. The FAQ section answers the most common questions, and ThinkMarkets explains its products and services well. Most traders will not require assistance, but if the need arises, swift access is available. New traders can benefit from the educational content available at ThinkMarkets. While it lacks one uniform portal, the information published in numerous sections across the website are nothing but quality material. The ten trading guides, split into three sections, deliver the best value and are an excellent starting point for new traders.

Thinkmarkets Review Written By Andrew Blumer And Mark Hansen

The client assumes all commissions of banks and payment systems. It seems to me that the whole work of ThinkMarkets is based on this principle. A trading platform facilitates live access to trading markets around the world, usually forex, CFD and futures trading. These allow traders to make informed decisions, protects think markets review customer funds, offer historical data and forecasts, trends as well as patterns. While the focus is on traditional foreign exchange trading, ThinkMarkets has also been very selective in choosing a unique package of CFDs for your further diversification. This package includes indices, metals, oil, and alternatives .

Customer support is available 24/5 from ThinkMarkets Johannesburg offices. Support is available via phone, email and live chat and phone numbers are also available for the Australia, UK, Italy and Spain offices. TF Global Markets Pty Ltd is authorised and regulated by the FSCA, FSP No 49835. FxScouts follows a strict editorial standard in our review process. We may receive compensation when you click on links to products we review. Overall, ThinkTrader is a viable option for both beginners and advanced traders.

Leave a Reply

Your email address will not be published. Required fields are marked *