What is ThinkMarkets
ThinkMarkets – online broker with which you can use hedging positions, automatic trading, and scalping. The platform offers trading of 30 currency pairs, stocks, indices, metals, raw materials, Forex, CFDs and cryptocurrencies.
How Does ThinkMarkets Exchange Work
ThinkMarkets offers standard, professional and VIP accounts with low spreads. They can be additionally opened as corporate, individual, joint and without swap accounts.
For Standard and Pro accounts, the minimum lot is 0.01, for VIP accounts – 0.10. All accounts have bots and experienced consultants. The maximum leverage is 1: 500, the minimum deposit is $0.
Traders can also use scalping to open trades without a minimum duration. You can start with a demo for any type of account using real-time prices.
ThinkMarkets provides its users with indices, stocks, metals, raw materials, Forex, CFDs, and cryptocurrencies.
The online broker uses the MetaTrader4 platform and its mobile, web versions and Trade Interceptor, which is the company’s own trading platform with great features.
Traders can work with low spreads, popular forex pairs 35 and NDD without processing. Trade is carried out without price manipulation and very quickly. It collaborates with Equinix and has access to the latest market price information.
ThinkMarkets has educational programs for traders with different levels of market experience. It trains them through various tools for trading, market updates and more.
Withdrawals and deposits of users’ funds can be carried out by debit or credit cards, bank transfer and Bitpay, Neteller and Skrill. Applications for withdrawal of funds are processed in 24 hours.
How To Trade On ThinkMarkets
In order to register for ThinkMarkets you will need to enter phone number, personal data, mail, and password. To complete the registration, you will need to download some documents that confirm your place of residence and identity. A personal account becomes available only after verification of documents, which takes 1-2 business days. Confirmation will be sent to the specified mail. In the meantime, you can test the work of trading platforms on a demo account.
Is ThinkMarkets Safe?
The broker is regulated by ASIC, FCA, and FSCA. Customer accounts are held in segregated accounts with banks such as National Australia Bank, Barclays Bank and Commonwealth Bank of Australia.
ThinkMarkets is constantly changing, either by acquiring a Trade Interceptor or decommissioning the old ThinkTrader platform. The broker also returned a large number of CFDs to his platform and released cryptocurrency CFDs, which helps him serve a wider segment of users.
In general, ThinkMarkets provides several options for accounts and is regulated by reputable jurisdictions in the UK and Australia, giving traders a large selection of trading options..
ThinkMarkets has a rating on review sites that is above average. Users like trading conditions, fund insurance, a well-organized research and educational portal. Of the shortcomings, some distinguish a slow withdrawal of funds.Also, the fact that cryptocurrency CFDs expire every week, which reduces their attractiveness to long-term investors