The company was founded in 2010 as ThinkForex in New Zealand, but later adopted the name ThinkMarkets when it expanded very quickly. ThinkMarkets is a well-known premium and multi-asset online brokerage firm. All information on 55brokers.com is only published for general information purposes.
Spreads are the difference between the trade’s bid price and the asking price . Spreads could be variable or fixed, depending on market movements such as interest rates. Traders have access to 24/7 Live Support along with having access to free VPS service. ThinkMarkets is based in Australia and the United Kingdom with regulation and authorization through ASIC, FSCA, FSA, CySEC, JFSA, and FCA.
What is ThinkMarkets, and Should I Invest Money in it?
ThinkMarkets run their affiliate program by the name of ThinkAffiliates. It lets users, web owners, and bloggers who actively work on social media earn by getting traffic into the award-winning trading platform. They develop many rewards and recognitions for them by associating and supporting them to grow. All the individuals, corporate clients, and freelancers can benefit from the program and earn benefits. In addition, the web trading platform and market makers typically can provide great referral and other benefits to the content creators with an excellent reputation and global outreach. There are some different rules and regulations for Australian residents.
Which currency pair is most profitable in forex 2021?
- EUR/USD. YinYang/Getty Images.
- USD/JPY: Trading the ‘Gopher’ The next most actively traded pair has traditionally been the USD/JPY.
- GBP/USD: Trading the ‘Cable’
- AUD/USD: Trading the ‘Aussie’
- USD/CAD: Trading the ‘Loonie’
- USD/CNY: Trading the Yuan.
When traded in a calculated manner, commodity trading is one of the safest trading options, especially in times of economic uncertainty. Index trading involves a group of global stocks such as NASDAQ, FTSE, German DAX, AEX etc. These indices are measured by the value of certain stock market constituents. The foreign exchange market, also known as FX or forex, is the most liquid in the world. An average of US Dollars 5 trillion in currencies is traded each day, making it the largest market by volume.
They keep their clients funds in top tier bank accounts, segregated from the company’s bank account, to comply with the regulations. Regardless of what type of trader you are, beginner or professional, ThinkMarkets is able to deliver the best service and provide essential tools that will help you succeed in the trading scene. You can even filter out the available traders for copying based on their performance, drawdowns, profitability, and ranking. If you are not familiar with social trading, ThinkMarkets provides a guide that will help you familiarize yourself with how social trading works. It’s important to note that you have to use the same method of funding your account to withdraw your money.
It helps in connecting directly to liquidity pricing and competitive pricing. In the uncommon case of a default, the UK’s Financial Services Compensation Scheme protects consumers up to a GBP 85,000 threshold. European clients of ThinkMarkets are protected by the Investor Compensation Fund which may reimburse clients up to €20,000 in case the broker fails to meet its financial obligations. By the way, as our trading was through an EA and live 24/7…we had 3 VPSs running that were basically the best you can get in market….
ThinkMarkets caters to all levels of trading experience, from newbie traders to experienced investors, with multiple account kinds, a vast selection of markets, and three top trading platforms. Scalping, day trading, or building automated trading techniques would benefit more from a ThinkZero account type that provides ECN-style trading and pricing. Beginner traders may profit from the ThinkMarkets ordinary account’s simplicity, as there are no additional commission fee costs. ThinkMarkets users that utilize MetaTrader 4 receive access to comprehensive charting tools and automated trading capabilities that may be used to construct complicated automated trading strategies. This will help you construct tailor-made strategie when you are trading CFDs across the global markets. The user-friendly design caters to all levels of experience, earning its reputation as one of the top trading platforms for retail investor accounts across the global markets.
The company offering to discover hundreds of markets to trade and constantly increases a range. At the moment the offer includes over 38 major, minor and exotic FX pairs, Cryptocurrencies, 9 global Indices, Metals, Commodities and over 125 Shares. If you decide to start trading with a ThinkZero spread account, a commission is $3.5 per 100,000 units.
Bucket shops count on the fact that most forex traders lose money. The broker enables you to take positions on global indices from just 0.4 points on ThinkTrader or tight variable spreads on MT4. An index is made up of a group of shares and is used to track the performance of a country’s economy, a market sector or an exchange. Some of the most traded indices include the Dow Jones Industrial Average, S&P 500, FTSE, DAX, ASX200, NASDAQ, CAC, EuroStoxx and Nikkei 225. ThinkMarkets offer Trading Central’s suite of tools for smarter trading. Trading Central are an industry leader in the provision of actionable trading ideas.
ThinkMarkets Review 2022: Is ThinkMarkets Broker Safe?
The amount you deposited will reflect on your ThinkMarkets account within ten minutes. The currencies available for this method are EUR, AUD, CHF, GBP, and USD. The funds will instantly be credited to your ThinkMarkets account. The available currencies for bank wire transfers are USD, GBP, CHF, EUR, and AUD.
The company offers a competitive trading environment through several benefits such as fast market order execution, powerful platforms, low costs, and a range of instruments to choose from. ThinkMarkets has been awarded a licence by the Financial Sector Conduct Authority to offer electronic financial trading services to South African investors. beaxy exchange review 2010 saw the launch of ThinkForex in New Zealand with an aim to improve the forex trading experience by delivering leading technology to the community. THinkMarkets fees depending on the activity you do, Apart from the general offering to the retail clients’, ThinkMarkets launched numerous investment and partnership programs.
Eligible clients are also covered by the FSCS compensation scheme whilst client funds are held in segregated accounts. This regulation gives me confidence that they are a broker who I can trust and can therefore focus on my trading without being concerned that something will go wrong. This trading platform is offered in different formats; Mac, Mobile and Web. This trading platform has user friendly and advanced trading tools and numerous indicators. They represent beneficial educational materials as well as market news and technical analysis to boost their clients trading skills and knowledge. ThinkMarkets features negative balance protection that’s available for all their clients except Pro account holders.
Available for mobile, tablet, and desktop ThinkTrader offers in-app deposits and withdrawals, real-time news from FX Wire Pro, and one-click multiple order closing. It also features over 80 indicators and 50 chart types and includes the TrendRisk scanner to assist traders in finding opportunities over different timeframes. The ThinkMarkets platform is also easy to use and set up, making it a good choice for beginner traders. ThinkTrader offers traders the world’s leading and popular MT4, MT5, and ThinkTrader platforms. 101 technical indicators, 57 charting tools, and 12 chart types are available on the ThinkTrader trading platform; up to 200 cloud-based alerts can be applied for free.
Intermediate trading tutorials cover more complex topics such as chart patterns and order types. Lastly, the advanced tutorial guide addresses complex technical and fundamental market analysis. ThinkMarkets is pleased to provide Trading Central’s portfolio of trading tools. The Trading Central provides practical investment on leveraged products for individual traders, hedge funds, online brokers, financial institutions, and exchanges. Their product portfolio includes both human and machine interpretation of technical, fundamental, and value-based data.
The information and videos are not an investment recommendation and serve to clarify the market mechanisms. The MT5 has more order types as well as added indicators to help you with your trading. There are more than 20 timeframes that you can use on this platform. With ThinkMarkets, traders have the option to utilize the MT4, MT5, and the ThinkTrader platform.
It also offers the ThinkMarkets Pro account for professional traders that meet certain eligibility criteria. ThinkMarkets’ Standard account is ideal for retail traders with smaller capital. With this account, you will gain access to their free VPS service and all their trading platforms. You will have a maximum trade size of 50 lots and no minimum stop-loss or take profit levels.
Which pair is the easiest to trade?
- EUR/USD – (Euro/ U.S. dollar)
- GBP/USD – (pound sterling/ U.S. dollar)
- USD/CHF – (U.S. dollar/Swiss Franc)
- USD/CAD – (U.S. dollar/Canadian dollar)
- GBP/JPY – (Pound sterling/Japanese Yen.
You will have to follow the steps mentioned below and start investing enough capital into your share trading account to trade CFDs and other instruments. These insights enable today’s traders to engage in financial markets by assisting them in generating trading ideas, validating trading choices, and risk management – all at the point of action. The insights also help users in reducing the risk of losing money in the market. In addition, the broker gives access to over 3,500 CFD shares and 352 ETFs for trading. You may begin trading on the world’s largest firms with a margin as low as 50% and the option to trade long and short without holding the underlying physical shares. MetaTrader 5 ThinkMarketsThinkMarkets’ offers you access to the whole spectrum of stocks; MT4 still works, but only the big stocks for each market are available.
How to open a ThinkMarkets account
However, if you like to have more tools at your disposal, you won’t be disappointed. I am especially happy to see the addition of Trading Central and Autochartist. I feel these are two of the best tools for automated market analysis. 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.
To trade a particular subsector in the market, you can opt to choose to invest in ETFs instead of individual stocks. The funds are managed by some of the biggest financial institutions, such as Vanguard, BlackRock, and Invesco. Margin rates vary depending on the ETF, and this ranges from 5% to 25%. ThinkMarkets offers three metals divided into seven different tradeable assets. Here is a table of all the metals offered as well as their trading conditions. You can trade some of the popular indices on the market like the Dow Jones Industrial Average , Nikkei 225 , Nasdaq Composite Index , the Hang Seng Index , and many more.
No matter your experience level, download our free trading guides and develop your skills. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.
Unlike other brokers that charge fees for deposits, withdrawals, and on inactive accounts, ThinkMarkets does not charge any non-trading fees. However, according to customer service, ThinkMarkets may apply an inactivity fee in the future. 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.
However, once you start trading, it turns out not everything is as bright as listed. Since the broker has offices in the UK, Australia, and South Africa, these are legitimate grounds for providing financial services. However, according to ThinkMarkets reviews, they accept traders from Russia, Lithuania, UAE, Egypt, Malaysia, and more. One of the platforms, ThinkMarkets MT4, is the most reputable platform on the market. According to research, over 80% of market traders use MT4 since it has the most significant features and indicators. ThinkMarkets is no exception with the comprehensive features offered.
Simply log in to the ThinkPortal and submit an online request which is provided under the Funding and Withdraw Funds section. Yes, depending on the type of account chosen – a commission is charged on the ThinkZero account. Spreads from 0 pips can be expected, depending on the type of instrument and account.
The broker supports trading on some of the most popular Cryptos such as Bitcoin and Ethereum. Their Crypto spreads are low with no contract expiration and the ability to go long lean and kanban software development or short. Cryptocurrencies are highly volatile and traders can speculate on if they believe their value will increase or decrease in relation to the currency of their choice.
You may also like our recently updated InstaForex and Primefin reviews. ThinkMarkets is a brand of TF Global Markets Pty Ltd located in Australia. Support is available via phone, email, and live chat and phone numbers are also available for the Australian, UK, Italian, South African, and Spanish offices. ThinkMarkets educational materials are excellent compared to other brokers. Supports the creation, modification, and utilisation of automated trading strategies. ThinkMarkets allows accounts to be denominated in USD, EUR, GBP, AUD, JPY, CHF, CAD, ZAR, SGD and NZD.
From technical analysis and risk management to market psychology and MT4 Tips and Tricks, these guides are ideal for traders of all levels. There can i trade forex without leverage is no minimum deposit for the commission-free Standard Account. The commission-based ThinkZero Account requires $500 or a currency equivalent.
ThinkMarkets allows you to diversify your share trading portfolio by trading on a variety of 8 metal pairings, three energies, and other particular products. You may also have access to 11 futures contracts at ThinkMarkets, which cover a variety of underlying investment products such as commodities, stock CFDs indexes, derivative products, and VIX volatility. Make sure that you perform proper fundamental analysis on the instruments before you invest so that you can get better future results.
These are some of the strictest and most reputable financial authorities in the world and companies must comply with high standards of safe trading practices and customer funds protection. Commodity markets consist of the economic sector of products such as oil and gas, metals as well as agricultural products. It usually involves futures trading and the buying or selling of a selection of instruments. Some brokers offer bonuses as a way of welcoming or reimbursing customers for trading with that specific broker. These rewards are usually done using cashback programs, “Refer a Friend” programs or gift vouchers.