Broker ThinkMarkets: Review, Features and Reviews

ThinkMarkets is an Australian Broker, the people behind this company are experts in making investments in the Forex foreign exchange market and contracts for difference CFDs, this entity was founded in 2009 and since then provides high quality services to professionals and novices in Forex who demand only the best when trading.

Although it is an Australian company, it has offices in many countries, especially in Europe. Those nations that have a ThinkMarkets office are Spain and the United Kingdom, and in the Americas they have offices in Brazil.

This financial entity calls itself a Premium Broker which is supervised and regulated by the most reliable entities on the planet, which allows them to guarantee with complete certainty the security of their clients’ personal data and investment funds.

ThinkMarkets is an Australian Broker with many regulations

When I said that this Broker is regulated by the most reliable entities in the world I mean the “Australian Securities and Investments Commission” (ASIC) with the license ABN 69 158 361 561, it is also regulated by the “Financial Conduct Authority” (FCA) of the United Kingdom with the license 629628, another of its regulations is by the Australian Financial Services with the license 424700 and by the FSP with the license number 49835.

It should be noted that Australia is a country from which many investment firms operate and with all the laws they have to protect the clients of these companies, you can have complete confidence when you want to trade Forex with ThinkMarkets; it is also regulated by the United Kingdom which further shields all its operations and services.

ThinkMarkets is an ECN/STP type Broker. This means in a few words that its clients have complete and direct access to the entire market through its trading platforms, this in turn allows the Trader to make very fast transactions with variable and very low spreads, just as happens with IC Markets in which they also have direct access to the market as another ECN type Broker.

By using ThinkMarkets Traders can trade in the best market conditions by the simple fact that Forex information has a market depth of level 2, which in a nutshell means that you have truthful information and this allows transactions to be executed by the investor with more security than he is doing, obviously the fact that the information is level two does not reduce the risks of trading Forex, but provides a great help that goes beyond even having any other type of market information.

Account types offered by ThinkMarkets

ThinkMarkets Broker offers a variety sufficiently suitable for anyone who wants to invest in Forex adapting each of these accounts to the investment needs of each Trader, first of all I want to remind you that by ESMA measures if you are a resident of a European Union country the maximum leverage is restricted from 1:2 to 1:30 maximum depending on the asset you use, now ThinkMarkets accounts are:

Standard Account:

The standard account is created for those who want to make small investments in Forex that do not exceed two thousand dollars, this account can also be used to invest large amounts of money but for that would be better to make use of others that offer greater benefits, the minimum deposit required to open this account is only 250 dollars, this amount is sufficiently accessible to anyone, even someone earning minimum wage. The minimum lot size that can be traded is 0.01 along with a maximum leverage level of up to 1:400.

On the other hand the spreads offered by this account are very low in fact their spreads range from 0.8 pips for Forex and 0.20 dollars for precious metals, in order to provide an excellent service at all times this Broker has a support 24 / 6 Monday to Saturday to clarify any questions or resolve any problem that arises with the platform. At the same time, it has a free daily analysis of the market, which allows traders to trade at any time.

PRO account:

As its name implies, the PRO account is designed especially for Forex professionals who tend to invest high amounts of money that do not exceed twenty thousand dollars a month. This account is ideal for those people who are experts making investments in the market. It has the same features of the standard account with the difference that the minimum deposit for its opening is 2,000 dollars, you can earn commissions from three units per side, spreads ranging from 0.0 pips, has a personal account executive for any assistance or help in Forex trading and has a VPS service to protect personal data of customers while trading.

VIP account: 

The VIP account is exclusive for clients who invest thousands of dollars monthly in Forex, it is like a PRO account only that with Premium benefits that can vary in the Broker, the minimum deposit that is required is of 25.000 dollars and the commissions according to the investments that are made are completely negotiable with the platform, of rest all the other characteristics are the same of the PRO account.

Demo Account: 

As any other Broker this one offers a demo account to know how to handle the currency market, this account has all the functions of the previous ones with the only difference that it trades with fictitious money in Forex.

The four accounts mentioned above work with all the trading platforms offered by ThinkMarkets, so it is up to the Trader to decide which one to use.

ThinkMarkets Trading Platforms

ThinkTrader 

This is a platform specially designed by the Broker, in other words it is his own and original trading platform, it was launched in 2016 and has a group of experts ready at all times to help you use it if you get entangled, however it is so simple to use that with a single click you can operate in the market, which means that it is extremely intuitive for everyone. With ThinkTrader you can trade all the financial instruments offered by the platform for both Forex and CFD contracts.

ThinkTrader is available for desktop computers with Windows and Mac, this is an APP that can be downloaded directly from the same page of the Broker and additionally if you want to carry it on your Smartphone you can also install it, with the only difference that its interface will not be as wide as the desktop.

ThinkTrader for Web

This other platform is the same as the previous one, the only difference is that it is managed one hundred percent online without the need to install the application, the use of the APP is for own computers but if you are operating from your workplace, office or travel and you connect through a PC that is not yours is when you must use this platform.

ThinkTrader Web allows to execute the same functions that are executed in the APP and its user interface is equally very intuitive, with respect to the tools that are used in the APP this has certain limitations since its panel limits one or another functionality but the most important thing is available at all times, as the updated charts of the market, reports in real time, and so on.

MetaTrader 4 

ThinkMarkets offers the well-known MT4 platform to trade Forex, has multiple functionalities which make it the number one trading platform par excellence is even above MT5 being the latter an update, but investors and Forex experts prefer to make use of MT4 as its interface is very complete and intuitive allowing you to make estimates and execute orders in the market easily.

This Broker offers the MT4 APP for desktop computers, Smartphones and also has MT4 Web which allows trading using MetaTrader 4 without having to download the application on the PC or mobile, trading directly from the Broker’s page as is done with ThinkTrader Web.

ThinkMarkets Forex Trading Tools 

ThinkMarkets offers many tools to carry out financial operations in the Forex currency market, with these tools the clients can operate with greater security with any class of financial instruments, it is necessary to emphasize that the use of these tools does not diminish the risks in the investments only must be used to estimate future results but always remembering that an estimation is precisely that reason why it is not 100% exact due to the fact that the market is stock exchange. Among the tools offered by ThinkMarkets we have:

• An economic calendar: The economic calendar can be used by people who have any type of account in ThinkMarkets, there are daily analyses of the market and highlight important events that can directly affect certain currencies in a certain period of time so that traders can achieve greater amounts of profits.
• AutoChartist: With this other tool you can fully automate trading on the platform, it should be noted that it is only available for PRO and VIP accounts, with autochartist you can track currencies, CFDs and any other financial instrument by using automatic patterns and probability indicators to make investments.
• FX Wire Pro: With this tool you can receive last minute information about the market, in other words detailed reports in real time of what is happening or what is about to happen for some event, as such this is a very good tool that if you know how to use you can get a high return.
• VPS: The connections encrypted by VPS are exclusive for PRO and VIP accounts, with a private connection and a unique IP for each client guarantees a greater protection of personal data when trading in the Broker, as such this tool is excellent for security within the platform.

Awards won by ThinkMarkets

ThinkMarkets has received many awards throughout their careers as Forex professionals and experts, these awards allow people to have a greater degree of confidence when investing with them, since seeing the recognitions they have obtained can capture more clients and offer more attractive investment opportunities for all people worldwide.

ThinkMarkets has received several awards since 2009 and have been nominated for other awards that unfortunately have not won, but not because it happens that means they are a bad company, rather when they do not win some award that are nominated their staff proposes to improve their services to position themselves higher and higher in terms of excellence of all services they offer, now well among the awards they have received as a Broker we have:

Forex Best Awards 2014 FXSTREET

This recognition was received for having the best Trading blog, in which daily analyses and comments on the Forex market are made, which allows them to keep a constant audience of Traders active at all times.

World Finance – Foreign Exchange Awads

In 2013 their office in Australia was named “Best New Broker Australasia”, which means that they were considered the best Broker in Australasia during that year. This is an award that is given once a year by the prestigious company “Word Finance Awards” and there are few financial companies that can obtain it.

World Finance – Exchange & Brokers Awards 

In addition to the previous award they were also awarded by the same company during the same year as the best Broker in Australia, this award was given for the excellent investment services that the company provides to its clients.

Better customer service: 

This award was given in 2012 in the “UK Forex Awards”, the judges at that time were truly impressed with the high standards of quality of services and support offered by ThinkMarkets for that time and still today continue to offer, this of course led to the company obtaining this award.

The nominations for other awards that ThinkMarkets has won over the years are:

• Fastest Growing Broker: In 2012 they were nominated as “Fastest Growing Broker”.
• Best Online Forex Provider: At the MoneyAM 2011 Awards, ThinkMarkets was nominated as “Best Online FX Provider”.
• Best Broker in the Middle East: In 2011 they were nominated as the “Best Middle East Broker”.

ThinkMarkets Alliances

ThinkMarkets is proud to say that they have been named “Gold Sponsor of the Unicef Champion for Children Program”, for the simple fact of making a monthly contribution to help the children who most need it and that these little ones can aspire to have a better future.

Not only does this Broker focus all his attention on providing investment services for Forex Traders, he also focuses on helping those most in need in large communities with limited resources, after all they expect to remain “Champion for Children”. Let’s remember that UNICEF is a society in charge of helping the most needy children and giving them a better life expectancy for the future, for every donation made is contributing to save a life and in this ThinkMarkets is the leader.

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Leonardo Muñoz

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Broker ThinkMarkets: Review, Features and Reviews

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