- Types of accounts
- Reviews (2)
Back in 2010, ThinkForex, a brokerage company, was launched in New Zealand with the goal of improving the Forex trading experience by providing the community with cutting-edge technologies. Further, as part of the company's rapid expansion program, along with the huge growing demand, the broker created the ThinkMarkets trademark, as well as improved customer security in accordance with the rules ASIC and FCA.
ThinkMarkets then moved its global headquarters to London (UK) and Melbourne (Australia). Since then, ThinkMarkets has been awarded the "fastest growing Forex broker" award, as The company has offices in the Asia-Pacific region, the middle East and North Africa, Europe and South America, while providing high-quality trading conditions. Now ThinkMarkets continues to grow, and has acquired a brokerage company in South Africa, so it is now fully legal in the African region as well.
You can safely trade with ThinkMarkets, knowing that the broker is fully registered with ASIC in Australia, as well as authorized and regulated by the FCA in the UK. In addition, this also applies to the African region, as ThinkMarkets is fully regulated by the local fsca regulator in South Africa.
How are you protected?
Thinkmarkets broker is regulated in all jurisdictions by local authorities in accordance with international laws and requirements, while traders ' funds are segregated and held in separate accounts with top-tier banks such as Barclays, National Australia Bank and Commonwealth Bank.f Australia.
In addition, all customer accounts are insured under the financial services compensation scheme (FSCS) in the event of the company's insolvency up to 50,000 pounds.
What is the maximum leverage in ThinkMarkets?
Leverage is an important tool, especially for retail traders. However, the suggested leverage levels vary depending on the ThinkMarkets jurisdiction you are trading with:
- Leverage up to 1: 30 for major currency pairs applies to accounts opened under FCA rules in the UK, as the authorities have recently significantly reduced the amount of leverage.
- Australian traders subject to ASIC rules can still enjoy a high level of leverage of up to 1:500 for Forex instruments.
- The maximum leverage for traders from South Africa is 1: 200.
What trading accounts can I open in ThinkMarkets?
When opening an account, you can choose one of two types of accounts, there is also a free demo account and an Islamic account for traders who profess Islam.
While Standard is offered without Commission and with a choice between fixed and variable spread, ThinkZero offers a higher class of account designed for active traders. Among the advantages of ThinkZero are a lower spread with a Commission per transaction, the presence of VPS and Autochartist.
In addition to the General offer to retail customers, ThinkMarkets has launched many investment and partner programs. Thus, ThinkInvest is an investment service that allows you to trade on the financial markets by investing through PAMM and MAM accounts.
Commissions and fees
The advantages of ThinkMarkets include fairly narrow spreads, even in unstable marketsnight conditions. The size of spreads depends on the type of trading account you are going to trade on. So the standard account offers only 0.4 points and an average of about 1.2 points. While the ThinkZero account is more suitable for professional trading, requiring $ 500 as the first Deposit and offering spreads from 0.1 pips with a Commission of $ 3.5 per lot.
Below you can compare the spreads of popular brokers ThinkMarkets, GO Markets and XM.
ThinkMarkets trading platforms
ThinkMarkets trading tools
The broker's offer includes more than 40 currency pairs, cryptocurrencies, indices, metals, commodities and stocks.
What is the minimum Deposit in ThinkMarkets?
The good news is that opening an account is allowed without a minimum Deposit for the standard account type.
ThinkMarkets from many points of view seems to be an excellent offer in the field of technology, reliability, customer service and prices. In addition, ThinkMarkets is the only regulated broker in the UK, Australia, and South Africa that currently offers cryptocurrency trading.
However, it is important for us to know your opinion about the broker, and you can also view the reviews of ThinkMarkets and other reviews of brokerage companies in our rating of Forex brokers.
|General information ThinkMarkets|
|Year of foundation||2010|
|Headquarters||London (UK) and Melbourne (Australia)|
|Regulation||ASIC, FCA, FSCA|
|Trading platform||MT4, MT5, ThinkTrader|
|The base currency||USD, EUR, GBP|
|Assets||Of the currency pair, crypto-currencies, indices, metals, commodities and stocks|
|Deposit replenishment||Bank Transfers, Debit/Credit Cards, Skrill, Neleller, Bitcoin|
|The fee for withdrawal||No|
|Payment for inactivity||Yes|
- The year of Foundation 2010
- Head office address Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE
- Maximum leverage 1:500
- Min. Deposit $0
- Regulation FCA, ASIC
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, Neleller, BitCoin
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, Neleller, BitCoin
- Number of trading instruments 40
- The number of CFD instruments 1500
- The number of futures 13
- The number of metals 3