ThinkMarkets is a leading retail Forex and CFD broker that is regulated around the world by three tier-1 authorities. These authorities are the FCA, the JFSA, and the ASIC. In South Africa, ThinkMarkets is licensed by the FSCA, and in Seychelles, it is licensed by the FSA. Trading in foreign exchange, indices, cryptocurrencies, exchange-traded funds (ETFs), futures, metals, shares, and commodities are all available through ThinkMarkets on the MT4, MT5, and their own proprietary platform, ThinkTrader. There is no minimum deposit required to open a ThinkMarkets Standard account, and the fees associated with trading are comparable to the industry standard of 12 USD per lot. Although the ThinkZero account requires a minimum deposit of 500 USD, the cost for the minimum deposit is better, coming in at 9 USD per lot, which is comparable to industry standards.
The education package offered by ThinkMarkets is designed for traders of all experience levels and serves as an excellent launching point for newbies. The education package that ThinkMarkets provides has garnered appreciation in a number of the company’s reviews. According to the review of ThinkMarkets, the website does not include daily market commentary; however, the real-time market news section that ThinkMarkets obtains from FX Wire Pro has been deftly integrated into the ThinkTrader platform. This section, along with comprehensive order management, charts, significant risk management features, and more, are also included.
What Exactly Is ThinkMarkets, Anyway?
ThinkForex was established in New Zealand in 2010 with the goal of enhancing the overall experience of foreign exchange trading by providing the local community with cutting-edge technologies. In addition, as part of the company’s rapid development program and in response to growing customer demand, the multi-asset broker changed its name to ThinkMarkets while simultaneously increasing customer security in accordance with ASIC and FCA regulations.
After some time, the global headquarters of ThinkMarkets were relocated to London as well as Melbourne, Australia. Since that time, ThinkMarkets has been given the title of “Fastest Growing Forex Broker.” This achievement was made possible by the company’s presence in South America, Europe, the Middle East and North Africa, and Asia-Pacific, in addition to its unrivaled trading overall performance.
According to the ThinkMarkets study, the company is now operating within the confines of the law throughout the entirety of the African continent after it acquired a South African brokerage and continued its aggressive expansion.
Experience for Customers Using ThinkMarkets
The following user ratings are based on reviews left by various customers of ThinkMarkets and are required reading if you want to gain an understanding of how well the website operates:
• Overall satisfaction with the product: 7.5 out of 10
The overall score for Financial Products and Financial Services was 7.8 out of 10.
• Commissions and costs for brokerage: 8.1 out of 10
• The required minimum deposit is 8.5% of the total.
8.2 out of 10 for Research and Advisory Services
• Investment platforms receive an 8.7 out of 10
• The overall rating is an eight out of ten.
A broker can feel safe and secure while collaborating with ThinkMarkets or trading on this website as a result of the data and important features offered by ThinkMarkets. In addition, they have advanced technology that is on the cutting edge, which differentiates them from competitors. This helps to improve the entire experience for each and every one of the company’s clients and customers. Aside from this, their impressive customer service team performs an excellent job of responding all of the questions as quickly as they can.
ThinkMarkets’ Feature Set and Capabilities
Protection against a Negative Balance
Assume a broker makes a long position in the AFTERPAY share by investing $2,000 and using a leverage of 5:1. The value of the broker’s position is ten thousand dollars. Unpredictable circumstances lead to a price drop that is 8% greater than the margin call close-out threshold that you have set. Because of this, the broker will suffer a loss of three thousand Australian dollars, which is equivalent to a loss of thirty percent due to leverage.
Leverage
When the leverage on your account is set to 500:1, it means that a customer can trade up to 500 times the amount of base currency that is currently available in your account. When employing leverage, it is essential to have a solid understanding of both it and the hazards that come along with it. It is also essential to keep in mind that the regulation in your country will determine the maximum leverage that you can use.
Assistance to Customers
Customer service is available around the clock at ThinkMarkets. According to the evaluation of ThinkMarkets, it is possible to conclude that their customer care service is worthy of praise. If a client has any questions or concerns regarding the retail investor accounts, demo accounts, best trading platforms, trading CFDs, forex, or trading tools, or if they have any other questions or concerns, the dedicated customer support team at ThinkMarkets can get in touch with them directly to resolve all of their questions and concerns immediately.
Brokers can also engage clients in real-time conversation with them to address any issues about the loss of funds in retail investor accounts, as well as CFD trading, forex and CFD broker laws, or any other specifics. They are able to provide the broker with immediate assistance. In the event that any of your accounts lose money, or if any accounts belonging to retail investors lose money, the broker can also get in touch with customer service. You have the option of letting ThinkMarkets know about your concern if any of your accounts suffers an anonymous loss of funds. Their emergency response team is constantly prepared to offer assistance.
When user accounts suffer monetary losses, the website makes every effort to provide appropriate help. You can also get in touch with them right away if you have any questions regarding the different types of ThinkMarkets accounts, the procedures for making deposits and payments, or any other related topics.
Regulations
They operate under the Financial Services Register number 629628, which indicates that the Financial Conduct Authority (FCA) of the United Kingdom has authorized and regulated them. They are regulated in Australia by the Australian Securities and Investments Commission (with license number 424700 ASIC), which is in charge of enforcing the Corporations Act 2001. Additionally, the Financial Services Provider (FSP) license was issued by South Africa’s Financial Sector Conduct Authority (FSCA).
49835, in addition to the Financial Services Authority (FSA) of the Seychelles, who issued FRN SD060 for the institution. The Cyprus Securities and Exchange Commission (CySEC) has issued ThinkMarkets a license with the number 215/13, and the Japan Financial Services Agency (JFSA) has issued ThinkMarkets a license with the number 0250. Both of these licenses are held by ThinkMarkets.
Awards
Consumers in the United Kingdom are protected up to an amount equal to 85,000 GBP under the Financial Services Compensation Scheme, even in the unlikely event of a default. ThinkMarkets has purchased Excess of FSCS Insurance for clients whose underlying assets are more than the threshold specified by the FSCS. An individual policy purchased through ThinkMarkets provides investors with a higher level of protection as well as reimbursement rights. This protects amounts up to one million British pounds, as a general rule. In addition to this, it has won numerous London Wealth Management Awards. In the event that the broker is unable to meet its financial responsibilities, ThinkMarkets’ European customers are protected by the Investor Compensation Fund (ICF), which has the potential to reimburse customers for losses up to the amount of €20,000.
Throughout the years, the broker has garnered a multitude of honors on a variety of continents, including the following:
• Winner of the COLWMA Award for Best CFD Provider in the UK for 2021
• Winner of the Global Forex Award for Best Forex Trading Platform in Africa for the Year 2021
• Winner of the Global Forex Awards in Asia’s Best Value Broker for the Year 2020
• Winner of the UK Forex Awards’ Best Forex Trading Innovation Award for 2017
Clients
The platform boasts a varied clientele from all around the world in its customer portfolio. You may talk to the experienced advisors directly about the customers if you want to find out more information about them by going to the contact us page on our website. If you have any questions or concerns, they will answer them for you and offer you with all of the information that may be divulged regarding the customers.
The Types of Services Provided by ThinkMarkets
ThinkMarkets is a multi-asset marketplace that now has more than 3500 different traded assets available. ThinkMarkets gives users access to a wide variety of tradable assets, including forex and CFDs.
ThinkMarkets engages in the buying and selling of a diverse range of financial assets. Any security or asset, whether it be real or intangible, that has a monetary value connected with it is considered an asset in the context of financial investing. According to this, forex and contracts for difference (CFDs) are examples of financial assets.
ThinkMarkets presents the research-backed insights of leading experts on a variety of financial markets and investing topics. ThinkMarkets has three trading platforms, all of which may be accessed from a wide range of devices, including Android devices, Windows personal computers, Apple Mac computers, and iOS devices, such as iPhones and iPads, as well as online using a web browser and other devices.
The trading platform offered by ThinkMarkets is simple to use and includes trading tools that are suitable for both novice and seasoned investors. Customers of ThinkMarkets also benefit from the fact that the ThinkMarkets platform is available in more than 12 distinct languages.
Is There a Regulator Over ThinkMarkets?
ThinkMarkets is subject to oversight and regulation from a number of the most prestigious financial authorities in the world. For instance, the Financial Conduct Authority (FCA) in the United Kingdom requires TF Global Markets (UK) Limited to keep client funds separate, provide protection against negative balances, and enforce close-out margins. This is because TF Global Markets (UK) Limited is regulated by the FCA. There is also a protection plan available through the platform in the event that any investor accounts sustain monetary damage.
ThinkMarkets’ Australian brokerage services, which are headquartered in Melbourne, are subject to regulation by the Australian Securities and Investments Commission (ASIC). Because it is an ASIC-regulated broker, TF Global Markets Aust Limited is obligated to ensure that the funds belonging to its clients are kept in accounts that are specifically designated for retail investors. Despite this, regulatory requirements do not exist for investor balance protection or closeout margins.
The Financial Sector Conduct Authority (FSCA) and the Financial Services Authority Seychelles, as well as the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), regulate the ThinkMarkets subsidiaries in South Africa and the Seychelles, respectively (FSA or Financial Services Authority). Investors who suffer financial losses as a result of trading in CFDs can benefit from the mandatory inclusion of protection and basic compliance questions.
Review of ThinkMarkets: The Good and the Bad
Making money with ThinkMarkets and getting started in trading is possible, but using this platform comes with a number of advantages and disadvantages. This platform outperforms its competitors in a variety of areas, including offering the greatest possible user experience and charging cheaper fees than its rivals.
Before you start using this platform for a variety of informational objectives, you need to take into consideration a number of the platform’s drawbacks, even though there are many benefits to utilizing this platform. For your convenience, we have outlined both the benefits and drawbacks of this option below:
Pros
• Spread betting on a narrow range within the market, with a minimum spread of 0.0 pips.
The basic account maintains a zero dollar minimum required deposit amount at all times. This further makes it simpler for all newcomers to begin trading CFDs without investing much money and learn more about the market.
• This platform has high-level controls that have been put in place, and they are highly controlled by the Financial Authority in numerous countries, which makes it safe and secure for all of the clients to utilize.
• Enables social media trading systems such as ZuluTrade, which enables users to mimic transactions made by a well-known FX and CFD broker. Trading copies of works is currently legal in various nations. However, a large number of countries in the global markets support copy trading and make it possible for advanced traders to replicate the deals they wish to copy. Despite this, all trading platforms may be accessed via the web, on desktop computers, tablets, and mobile phones.
• In addition to that, it deals with commodities such as crude oil and natural gas.
• It lowers the required minimum deposit amount for users to register for an account on the website. They have Australian shares listed on its worldwide exchanges, and in order for such shares to be active, they have to pass the fundamental compliance checks. Before the traders are allowed to be executed on the platform, it must first pass the compliance checks.
• When compared to other systems, this one has lower entrance requirements, which means that all of the brokers can use it more efficiently. This platform is at the top of the chart because it offers services such as reduced inactivity costs, adherence to investment commission ASIC, guarantee future results forecast, MT4, and MT5 trading platforms.
Cons
• This CFD trading site does not provide any accounts for retail investors, not even a single cent’s worth.
• It does not offer any bonuses, rewards, material, or any other kind of promotional services to the customers in any way, shape, or form.
• Customers have the ability to make quick deposits using card payments. In the same way, withdrawals do not get processed immediately.
• There is a possibility that trading CFDs terminals will occasionally experience a freezing influence. Even when the problem with the platform for trading CFDs is fixed rather fast, it is possible for it to be frozen for several hours.
Different Trading Platforms Offered by ThinkMarkets
MetaTrader 4 Platform
Users of ThinkMarkets who make use of MetaTrader 4 get access to a comprehensive set of charting tools as well as automated trading capabilities, both of which can be utilized in the construction of complex automated trading strategies. When you are trading CFDs throughout the worldwide markets, this will help you build a strategy that is tailored specifically to your needs. Its reputation as one of the best trading platforms for retail investor accounts across the worldwide markets was earned because to the platform’s user-friendly design, which catered to traders with varying degrees of experience.
MetaTrader 5 Platform
Even though MT4 is still widely used, MetaTrader 5 is an advancement over its forerunner in that it offers improved charting capabilities, increased access, and expanded backtesting capabilities, among other things. Trading platforms that provide support to customers are readily available, which is another advantage of using MT5 rather than MT4. Users who are having issues with their trading platform or have queries may have fewer choices for receiving support given that MT4’s customer care is being phased out. Additionally, it offers a statistical perspective of the trades and how they are performing in the market. As a result, the traders at ThinkMarkets don’t have to worry as much about the significant danger of losing money in the market as they would otherwise.
Platforme de trading ThinkTrader
The FX and CFD broker offers its own share trading software platform that is compatible with Mac and Windows computers, as well as smartphones running iOS and Android. The mobile trading apps have been met with favorable responses, and they offer a user-friendly environment for share trading in addition to a wide range of technical analysis tools and high-risk management features.
When accessing the ThinkMarkets app, using this technical analysis API can help with risk management for high-risk instrument share trading, which requires management in the first place. After you have installed this API, the vast majority of brokers will have no trouble using the mobile app to access this API after you have installed it. The possibility of incurring financial loss on the worldwide markets is diminished when such high-risk management tactics are utilized.
According to the review of ThinkMarkets that was written by a large number of mobile app users, brokers have expressed that the possibility of losing money is either nonexistent or extremely low due to the fact that this software gives them a dynamic view of the performance of the registered traders.
The web-based and desktop versions of the proprietary platform used by the broker are both made available to users of the platform. ThinkTrader offers a number of additional benefits, such as the capability to search by asset class, more than 125 technical indicators, and over 50 graphical elements.
Instruments for the Market Provided by ThinkMarkets
The indices solutions offered by ThinkMarkets give users access to the most important global stock CFDs indexes across five continents. Indexes provided by ThinkMarkets include 23 different global indices, such as the ASX 200, Nikkei 225, and S&P 500, in addition to the US dollar currency index and six more AUD-denominated indexes (UK100aud, SPX500aud, GER30aud, JPN225aud, US30aud, and NAS100aud).
You may also have access to 11 futures contracts at ThinkMarkets, which cover a variety of underlying investment products including commodities, stock CFDs indexes, derivative products, and VIX volatility. These futures contracts cover underlying investment products such as commodities, stock CFDs indexes, and derivative products. Before you put any money into the instruments, you should make certain that you conduct a thorough fundamental analysis on them so that you can improve the results of your investments in the future.
You are able to diversify your share trading portfolio with ThinkMarkets by trading on a selection of eight different metal pairings, three different energies, and other specific goods. ThinkMarkets has expanded its tradable particular product line to include not only the conventional Gold spot contract, but also two micro contracts (XAU/USD Mini and XAG/USD Mini) that enable you to trade forex in lower position sizes. These micro contracts allow you to trade gold and silver in smaller amounts.
Additionally, the broker provides access to approximately 3,500 CFD shares and 352 ETFs, both of which can be traded. You have the ability to start trading on the world’s greatest corporations with a margin as low as fifty percent, and you have the choice to trade long or short without having to hold the underlying physical shares. MT4 is still functional, but only the major stocks for each market are available through ThinkMarkets’ MetaTrader 5. ThinkMarkets’ MetaTrader 5 gives you access to the whole spectrum of equities.
Start making transactions on a diverse range of firms right now, such as Google, Facebook, Apple, Amazon, and many others. The following is a list of the trading instruments that are currently offered at ThinkMarkets:
• Forex
• Indices
• Precious Metals
• Cryptocurrency
CFDs on Shares
• ETFs
• Commodities
• Futures
Variety of Financial Market Instruments
ThinkMarkets is particularly pleased with their trading infrastructure, which features twin Equinix trading servers located in Hong Kong and London. These servers enable transaction processing in milliseconds, which ThinkMarkets considers to be a significant advantage. Additionally, ThinkMarkets’ state-of-the-art technology enables it to achieve an uptime of 99.99 percent and the fastest execution speeds conceivable in relation to processing durations, making it ideal for automated trading.
• ThinkMarkets has two primary trading accounts: the Standard Account, which provides access to wider spread betting; and the ThinkZero Account, which is an ECN account that provides access to narrower spreads but charges a fee for each transaction.
• Demo accounts and Islamic accounts are both available for usage with either account, and in addition, ThinkMarkets offers a specific Joint Account that may be utilized by two or more individual experienced traders working together.
• In addition to the 46 currency pairings and 21 cryptocurrency pairs that are available for trading, customers have access to a total of three trading platforms, including MT4, MT5, and the proprietary ThinkTrader.
Tools from ThinkMarkets
The Heart of Trading
Trading Central’s extensive suite of trading tools is now available through ThinkMarkets, which is delighted to do so. Individual traders, hedge funds, online brokers, financial institutions, and exchanges can all benefit from the Trading Central’s actionable investment advice on leveraged products. The human and machine interpretations of fundamental, fundamentally important, and value-based data are all included in the company’s product line.
These insights make it possible for traders of today to participate in financial markets by supporting them in the generation of trading ideas, the validation of trading choices, and the management of risk – all of which occur at the point of action. Users are also able to reduce the likelihood of incurring financial losses as a result of the insights provided.
Hosting on a Virtual Private Server (VPS)
ThinkMarkets and ForexVPS.net have collaborated to offer customers a dependable and comprehensive virtual private server (VPS) alternative for operating the MT4 expert advisors and signals that they use. Clients that trade at least 15 round turn lots on Forex pairs within a calendar month are eligible to receive the service at no cost.
You can rest easy knowing that your virtual private server (VPS) will always be linked to the forex markets because the servers that ForexVPS uses are among the most powerful that money can buy. At ForexVPS, we have professionals available around the clock to help you with the configuration of your virtual private server (VPS), debugging any issues that may arise, and even the installation of third-party expert advisors and indicators.
The procedure for opening an account with ThinkMarkets
The procedure for opening a ThinkZero account on this ThinkMarkets entity platform is a rather straightforward one. In order to trade CFDs and other instruments, you will need to first follow the steps that are outlined below and then initiate the process of depositing sufficient funds into your share trading account.
The procedure for opening a standard account with ThinkMarkets varies depending on the type of account that you select when opening an account in accordance with the market maker. If you decide to go with an individual account, the following is the procedure that you will need to carry out in order to do so, as outlined by the knowledgeable market maker:
• A valid passport, government-issued photo identification, valid state identification, or valid driver’s license is required of you.
• In addition, you will need to provide either a valid National Photo ID or any other type of National ID that is accepted.
• You are need to produce proof of residence, which can be in the form of a bank statement or any other type of utility bill.
If you are interested in opening an account for yourself or a joint account, you will need to provide the documentation that was described in the previous section. In a similar vein, if you are interested in opening an account for your company, you will need to provide the documents listed below in addition to those already indicated in the previous paragraph.
• Copy of the Company’s Certificate of Incorporation
• The Articles of Incorporation of the Company
• Documentation of Company Residency
There are certain variations in the laws and policies that apply to those who live in Australia. Additionally, the characteristics of the trading environment can vary from one nation to another. When you access the ThinkMarkets website, one of the things you should do is check out the technical indicators. If you want to know how much trading experience this platform offers, you can check it out for yourself by going to the website once and seeing for yourself what it has to offer.
A new account can be opened in a matter of hours, despite the fact that the process of opening an account happens more quickly. This is occasionally due to larger volume. Nevertheless, the platform does offer more transparency on the process that it provides to the users in the form of additional services that it offers. After the account has been activated, the trader is free to begin investing capital and earning profit.
Account Categories Available at ThinkMarkets
Customers who trade forex and CFDs with ThinkMarkets have the option of using either the Standard Account or the ThinkZero account, which is an electronic communication network-style account. There is a difference between the two account types in terms of tighter spreads and commission fees. Standard account holders trade stocks with wider spreads but pay no commission costs. ThinkZero account holders, on the other hand, trade with narrower average spreads but pay flat-rate commission fees for FX and Metals. Standard account holders trade stocks with wider spreads than ThinkZero account holders.
The Standard Type of Account
When trading with a Standard Account, the only fee you will be responsible for paying is the spread. ThinkMarkets will not charge you any fees for commissions or withdrawals. Standard Accounts are an excellent choice for beginner traders who want to avoid intricate commission cost computations. Despite the fact that the average spreads are wider than they are with a ThinkZero trading account, Standard Accounts are a terrific option for new traders. In addition, novice retail traders may be interested in the Standard account type because there is no requirement for a minimum initial commitment to begin trading with a Standard account.
Before you register an account with ThinkMarkets, it is imperative that you familiarize yourself with the specifics, terms, and trading conditions of the proprietary platform offered by the company. Failing to do so could result in you swiftly losing money. Before you may open an account, you are required to have either independent guidance or financial advice from professionals in the sector. Be sure that you also read over the trading conditions thoroughly and comprehend the base currencies, currency pairs, minimum deposit requirements, maximum trade requirements, tight ThinkMarkets spreads, as well as any other factual information that is provided by this account. Check whether the manner of depositing money that is offered is supported by the sort of account you have. It is possible for it to change based on the region in which you now reside.
It is of equal importance to check all of the related factual information on the fee structure, withdrawals from ThinkMarkets, log-in details, dealing desk details, research tools, mobile apps compatibility, minimum trade deposits, and their live prices, price movements, and education tools that are supported by this account type.
Type of Islamic Account Available on ThinkMarkets
ThinkMarkets offers Sharia-compliant forex traders the opportunity to open an Islamic Account. When it comes to open positions, Islamic trading accounts are subject to a fixed rate fee rather than paying and receiving swap rates that are determined by interest rates. In addition, for positions that are held for seven days or more, ThinkMarkets charges an administration fee that is fixed each week rather than swaps, which are also known as overnight costs or rolling fees.
When trading significant currency pairs, Islamic account holders are responsible for a financing cost of $5, whilst trading lesser FX pairings results in a $10 tax. In this scenario, before you begin the process of creating the account, you should also go through the trading platform in great detail to gain an understanding of the market volatility, target market determination tactics, and general trading terminology.
This sort of account, which is offered by ThinkMarkets, gives traders access to a wide variety of methods for funding their accounts. These methods may differ from one location to another, depending on where you are located. Before you open an account with ThinkMarkets, the ThinkMarkets group will ensure that you receive the maximum profit possible on your minimal deposits, funding methods, and a comprehensive grasp of the account type.
In addition, you need to make sure that you give the part about subscription fees that the ThinkMarkets trading platform provides the time and attention it deserves in order to have a complete comprehension of all the aspects involved.
Considerations Regarding Leverage and Margin for ThinkMarkets
Different leverage levels will be made available to you by ThinkMarkets based on the ThinkMarkets subsidiary you trade with and the financial instrument you trade with ThinkMarkets. This is due to the fact that each ThinkMarkets subsidiary is governed by a different regulatory authority.
You are permitted to use leverage of up to 500:1 when trading foreign exchange with the Financial Services Authority of Seychelles (FSA) or the Financial Services Conduct Authority of South Africa (FSCA).
When it comes to Australian securities, ThinkMarkets FCA (Financial Conduct Authority, United Kingdom) or the broker’s ASIC (Australian Securities and Investments Commission) leverage can be as high as 30:1 for major currencies and 20:1 for minor and exotic currencies.
The asset class that the CFD product represents is another factor that goes into determining the maximum amount of leverage that a trader can use while trading CFDs. When trading with ThinkMarkets Australia, for instance, Forex and CFD Trading strategies that use indices can have a leverage of up to 20:1, international shares can have a ratio of 5:1, and cryptocurrencies (including Bitcoin cash) outside of the UK can have a leverage of 2:1.
On the other side, ThinkMarkets, a broker that is authorized by the FCA and ASIC, is subject to stricter leverage regulation, with lower leverage ceilings set by financial authorities in both Australia and the UK:
• Major currency pairs with a 30:1 leverage
• The leverage for gold, minor currency pairs, exotic currency pairings, and major indexes is all 20:1.
• 10:1 for other commodities and small indexes, with the exception of gold
• Divided five to one
• The ASIC branch has a crypto 2:1 ratio, but in accordance with FCA regulations, there is no cryptocurrency sold to retail customers.
While the use of leverage can assist traders in maximizing their profits, it is important to keep in mind that trading CFDs and FX is a high-risk form of investment and that you should employ leverage with caution. On the website of the online broker, you can find the complete list of the contract’s parameters. You should also read the product disclosure statement pertaining to the investment opportunity before you start putting money into it.
Deposit and Withdrawal Options at ThinkMarkets
ThinkMarkets supports deposits and withdrawals in the following currencies: NZD, CAD, JPY, ZAR, SGD, EUR USD, CHF, GBP, and AUD; base account currencies are NZD, CAD, JPY, ZAR, SGD, USD, EUR, GBP, AUD, and CHF; at this time, ThinkMarkets does not offer INR segregated accounts. All INR deposits and withdrawals must be converted as a result. If your first deposits are more than expected, you must adhere to the platform’s maximum leverage.
According to ThinkMarkets’ “return to source” policy, withdrawals must be processed using the same method and account as the original investment.
Though there are no costs associated with any deposit or withdrawal method at ThinkMarkets, the company reserves the right to charge a small fee for any withdrawal request coming from a share trading account with infrequent trading activity. Contact ThinkMarkets support for further details.
Additionally, there aren’t many fees associated with inactive accounts. When dealing with the client’s nation needs, tradable instruments and their conversion rates, published information about product issuers, market orders, and FCA or Australian Financial Services Authority compliance-related inquiries, you may occasionally run into problems. You can always contact the support staff to discuss all of your issues in detail.
The following methods can be used to make deposits and withdrawals:- Bank Wire Deposits are free, and the transaction time is anticipated to take 1–5 business days. As well, withdrawals are free. Transaction delays range from 3-5 business days, and banks may impose a fee for the service. Additionally, be in mind that the minimum withdrawal is $100 and that foreign bank wire transfers cost $25.
Visa/Mastercard
While withdrawals can take up to 24 hours to process, deposits are processed instantly.
Deposits and withdrawals made using Skrill or Neteller may take up to 24 hours to process.
ZOTAPAY
The processing of deposits and withdrawals could take up to 24 hours.
Programs for Partnership with ThinkMarkets
Partner Program
ThinkMarkets’ affiliate network is known as ThinkAffiliates. It enables users, website owners, and bloggers who use social media to their advantage to make money by driving visitors to the acclaimed trading platform. By collaborating with them and encouraging their development, they provide numerous prizes and accolades for them. Anyone can participate in the program and earn rewards, including freelancers, business clients, and individuals. The web trading platform and market makers can also frequently offer fantastic referrals and other advantages to content creators with a strong reputation and a wide audience.
Finance Manager
ThinkMarkets is responsible for the ThinkInvest program. They enable traders to develop and boost their income in exchange for their trading expertise. If you have the correct information, you may simply generate more money utilizing the Money Manager program, from trading capital to investing in cryptocurrencies. Anyone may participate in this collaboration initiative. A select few brokers must sign up, impart their information to others, and begin earning money.
You will be given permission to utilize their advanced platform without charge after you enroll in the Money Manager program. Based on your prior success, you will contact investors once you have gained exposure. It will be your responsibility to manage their finances. You will be free to use your trading experience to start investing increasing amounts of money in your exchange-traded funds. Similar brokers may charge you fees in accordance with your preferences as soon as your client begins to profit.
Trading API
ThinkMarkets offers their customers the appropriate trading technologies they require. To guarantee that they may take use of full social trading capabilities, they offer a collection of APIs. Their client’s ability to build efficient advanced trading tools and develop algorithmic trading opportunities with their APIs is noteworthy. The following is a list of some of the main APIs that the platform offers: –
Using the Metatrader 4 API, any clients can have direct access and the necessary permissions to build a perfect and dynamic trading environment. The API can offer low-latency, high-speed transaction executions. It aids in establishing a direct connection to competitive pricing and liquidity pricing.
Additionally, it facilitates simple order management by offering quick execution. Additionally, this API offers customers a dynamic experience for FX trading in the trading environment. As a result, it is also regarded as the top CFD provider in the market.
Promoting Brokers
ThinkMarkets has a variety of collaboration packages available. Every application enables users to earn enough money to live comfortably while merely sitting at home. In a similar vein, ThinkMarkets gives consumers access to commission schemes for an online broker. Additionally, employing their cutting-edge technology, other brokers’ services and products respect all laws while still meeting the minimum trade requirements of their customers.
The platform also guarantees high customer satisfaction by offering strong conversion and retention rates. You also receive numerous referral campaigns with clear terms and round-the-clock assistance from the live account management team.
Black Label
For those looking to become the top Forex brokers in the world, this platform’s White Label program offers the best training. They may build their brands inside the forex market using the platform, from offering the best brokerage services to developing a flawless website and identity.
On this platform, share all of your knowledge, investing guidance, and experience to help you attract more clients and make money. With the aid of this innovative technology, you can effortlessly complete transactions and please your customers. It facilitates managing a variety of financial instruments and enables trading on numerous reputable platforms from both your PC and mobile device.
Regional Delegations
You may immediately begin promoting your leveraged trading services in any region through the ThinkMarkets regional office. All the partners may provide clients with specialized and local experiences thanks to this platform. All IB partners who are raising their partnership level and gaining several advantages, such as high pay rates and freedom, will be guided by this program.
Regional Representatives will be able to give your clients the best financial advice since they have a deeper understanding of the local communities they are already working with. They can make it simple for you to connect with the appropriate demographic and give your customers more promises, greatly boosting your income.
Tools Provided by ThinkMarkets
To succeed in trading, you must have the necessary skills and information. All of the other brokers need appropriate training and expertise in fund management to accomplish this. Your fundamental trading knowledge and understanding of exchange-traded fund principles must be at the highest level when competing forex brokers want to trade in different currencies and exchange-traded funds.
Both novices and experts can learn how to trade on the platform with the help of the site’s ample instructional resources and support. When you place pending orders or use the ThinkMarketsto site for informative or instructional purposes, you will get familiar with a number of critical levels.
The support staff will also assist you in better understanding the trades and will give you detailed information and data to help you comprehend their analytics. The support staff will assist you in defining terminology, drawing resistance lines, comprehending the idea of zones, learning patterns, identifying levels, comprehending the idea of Fibonacci lines, and many other tasks. This is the tool to use if you want to get impartial advice from a global broker.
Countries supported by ThinkMarkets
The organization ThinkMarkets facilitates currency trading in numerous nations and continents. They support a wide range of currencies, including USD, EUR, JPY, GBP, AUD, CHF, CAD, NOK, SGD, MXN, SEK, HUF, CNH, TRY, ZAR, and many more. They offer their services all over the world despite having so many instruments to manage.
Although you may verify a country’s swap rates by going to their official website, ThinkMarkets keeps its trading costs to a minimum. A new client may occasionally see different trading fees for different timeframes. You can also contact the support staff for additional details about the matter.
Additionally, new clients can deposit and withdraw funds utilizing a variety of ThinkMarkets payment options. Using the ThinkMarkets Portal, you may also bank transfer money from your ThinkZero accounts’ free equity. The cash equity transfers into your two accounts take some time.
Additionally, they have regional offices in numerous nations that you may contact directly to get all of your questions answered at once.
The list of nations that this platform supports is as follows:
– Australia, Thailand, Singapore, the United Kingdom, India, Sweden, Kuwait, Qatar, Germany, and South Africa.
Visit the official website for additional details about the assistance from other nations.
Measures for Security at ThinkMarkets
The platform’s security is amazing. The business complies with the authority’s rules and privacy policy. The platform safeguards and protects all of the client’s data that they voluntarily supply. By taking security precautions, it controls all financial data and stores it on the website.
Additionally, the business takes concrete measures to protect clients’ privacy and the security of their accounts and gives them the right integrity to protect the data they are entitled to.
The business safeguards its customer data as well. They developed this privacy statement to make sure that when they gather data from their clients, they are accountable for the information provided and will be held accountable in the event of any problems or breaches.
ThinkMarkets Client Service
According to our ThinkMarkets review and analysis, successful traders can contact the multilingual trader support service by live chat, phone, or email. Seven days a week, twenty-four hours a day, customer service is offered. You can also open a support ticket to request instant assistance. Resources for new traders provide a gentle introduction to forex trading, with glossaries and how-to guides readily available.
The most complicated subjects covered in intermediate trading lessons include order types and chart patterns. The advanced lesson guide also covers intricate technical and basic market analyses. You can speak with the advisors directly if you have any questions about trading possibilities, special reports, head office inquiries, top forex trading innovation technology, account kinds, advanced charting tools, deposit and withdrawal methods, minor currency pairs, or other concerns.
Review of ThinkMarkets: Conclusion
ThinkMarkets offers a variety of account types, a wide range of markets, and three leading trading platforms to accommodate traders of all skill levels, from novices to seasoned investors. A ThinkZero account type that offers ECN-style trading and pricing would be more advantageous for scalping, day trading, or developing automated trading strategies. Because there are no additional commission fees, novice traders may benefit from the simplicity of the ThinkMarkets standard account.
FAQs
Legitimacy of ThinkMarkets
The forex trading platform ThinkMarkets is also well-known for its CFD brokerage offerings. Users are able to trade CFDs with this service since they have access to thousands of different financial products, including futures, commodities, brokerage, and a wide range of others. Because it allows customers to trade on their platform for a small cost, ThinkTrader is the greatest proprietary platform and is legitimate. It is heavily controlled and gets a lot of good consumer feedback all year round.
What Is ThinkMarkets’ Minimum Deposit Amount?
When trading in financial instruments through ThinkMarkets, there is no required minimum deposit. Once your registration is complete, you can start trading with the amount you want. You can deposit using several different payment methods, including bank transfers. Make sure to read all the laws and regulations before moving forward with the bank transfer so that you are aware of the deadlines for deposits and withdrawals as well as the costs associated with international bank wire transfers.
ThinkMarkets: Is it an ECN Broker?
Additionally well renowned for providing the best ECN Brokerage services with high leverage is ThinkMarkets. It is authorized to trade on the platform using ECN Accounts because it owns numerous regulatory permits.
Is Chess on ThinkMarkets sponsored?
Chess is supported by shares that are listed on ASX or in accordance with the Australian Financial Services Licence. Around 8 Australian dollars are offered as the normal brokerage.
