ThinkMarkets Review

ThinkMarkets Review 2022

Overview

Award-winning Australian broker, ThinkMarkets has its headquarters in Melbourne and London, and is regulated by FCA (UK), FSCA (South Africa), ASIC (Australia) CySEC (Cyprus), JFSA (Japan) and FSA (Seychelles). It is one of the few brokers that allow aggressive scalping, hedging and high speed automated trading. 

The broker offers clients with up to 1 million dollars of insurance protection which is above the industry standard. 

Solid infrastructure and customer service make it one of the best forex brokers in the industry. Note that ThinkMarkets does not accept clients from the US, Canada, Belgium, and Russia

Accounts

ThinkMarkets offers standard and ThinkZero accounts with low forex spreads (as low as 0.4 pips for standard accounts and 0.0 pips on ThinkZero accounts). On Average you expect forex spreads to be 1.2 pips on the standard account and 0.1pips with the ThinkZero account.

Both accounts can be further opened as individual, joint, corporate and swap-free accounts (Islamic swap-free accounts). The minimum lot size for ThinkZero and Standard accounts is 0.01. All accounts come with expert advisors and many trading features via the Metatrader 4 and 5 platform. 

Scalping without a minimum duration for keeping trades open is possible. You can open demo accounts for any account type, with real-time price feeds.

Traders can trade Forex and CFDs on more than 20 Indices, Metals such as Gold and Silver, over 3500 equities and ETFs, Commodities, futures and Cryptocurrencies (*restrictions apply). Cryptocurrency CFDs are not offered to retail traders in the UK as per regulations.

Minimum deposit

$0 for standard accounts, $500 for ThinkZero accounts.

Maximum leverage

1:500 *Leverage is dependant on the ThinkMarkets entity, and the financial instrument traded

Features

Platforms on ThinkMarkets include MT4 and MT5 and its web and mobile versions, as well as ThinkTrader, which is the firm’s proprietary trading platform with excellent features.

You can trade over 40 popular forex pairs, with low spreads and NDD (non-desk dealing). Trading is superfast with no price manipulation. 

The brokers have partnered with Equinix to get access to the most current pricing data. The broker offers excellent partnership and affiliate programmes.

Education

ThinkMarkets offers excellent education for beginner, intermediate and advanced traders through market updates, trading tools and more.

Deposits/Withdrawals

Deposits and withdrawals are safe and secure through credit/debit, bank wire and Skrill, Neteller and bitpay. 

The client portal secure area is where traders can log in to manage account information. Withdrawal requests are processed within 24 hours. 

Deposits via credit/debit cards are instantly credited to your trading account, while Neteller, Skrill and bitpay can take up to 10 minutes. You can expect bank wires deposits to take 1-3 business days. Further region-specific deposit methods are available.

Customer service

ThinkMarkets multilingual customer support team is available 24/7 by email, live chat or phone.