If you are looking for information about ThinkMarkets and its reliability, you’ve come to the right place. Here’s more information about ThinkMarkets and what it does. I hope you enjoy this in-depth review of this broker, so let’s get started:
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What is ThinkMarkets?
ThinkMarkets is an Australian broker founded in 2009 that has gained recognition over time. This entity has stood out for its commitment to excellence in investment services in the forex market and contracts for difference (CFDs). Its main goal is to provide traders with the confidence and tools needed to trade successfully.
Is ThinkMarkets regulated?
ThinkMarkets, a renowned broker, is regulated by the most reliable authorities worldwide. The Australian Securities and Investments Commission (ASIC) granted it the ABN 69 158 361 561 license.
Additionally, the Financial Conduct Authority (FCA) of the United Kingdom oversees its activity with license 629628, and the Australian Financial Services regulations grant license 424700, as well as the FSP with license number 49835.
ThinkMarkets’ presence in Australia, a country with strong customer protection laws, provides full confidence and security to those trading in forex. Additional regulation from the UK further reinforces ThinkMarkets’ commitment to integrity and the quality of its services.
This broker operates under the ECN/STP model, allowing its customers direct market access through their trading platforms. This enables fast transactions with low and variable spreads, similar to IC Markets, another ECN broker.
ThinkMarkets provides optimal trading conditions for traders. Its Level 2 market depth provides accurate information, increasing the security of operations. While it doesn’t eliminate the inherent risks of the forex market, it offers valuable support for investors in decision-making.
Types of accounts offered by ThinkMarkets
The ThinkMarkets Broker offers a variety suitable for anyone wishing to invest in forex, tailoring each of these accounts to the investment needs of each trader. First, I want to remind you that, due to ESMA measures, if you are a resident of a European Union country, the maximum leverage is restricted from 1:2 to 1:30, depending on the asset you use. Now, ThinkMarkets’ accounts are:
| Features | Standard Account | ThinkZero Account |
|---|---|---|
| Forex Spreads | From 0.4 pips | From 0.0 pips |
| Average FX Spreads | 1.2 pips | 0.1 pips |
| Commission | None | $3.5 per lot (100,000 units) |
| Maximum Leverage | 1:500 | 1:500 |
| Maximum Trade Size | 50 Lots | 100 Lots |
| Platforms | ThinkTrader / MT4 / MT5 | MT4 / MT5 |
| 24/7 Support | Yes | Yes |
| FREE VPS Service | Yes | Yes |
ThinkMarkets Demo Account:
Like any other broker, ThinkMarkets offers a demo account to understand how the forex market operates. This account has all the features of the other accounts but uses fictional money for forex trading.
The four accounts mentioned above work with all the trading platforms that ThinkMarkets offers. Therefore, the choice of which one to use is entirely up to the trader.
Is ThinkMarkets reliable or a scam?
First and foremost, it’s essential to clarify that ThinkMarkets is not a scam. The platform has received awards and recognition that support its integrity and quality. These awards not only demonstrate their commitment to excellence but also instill confidence among investors.
Think of ThinkMarkets as an ally in your financial operations. They offer a wide range of tools and services to trade in the forex market and contracts for difference (CFDs) with confidence. Their platform is designed with user-friendliness in mind, making it suitable for traders of all levels.
Why is ThinkMarkets safe? To start, they are regulated by the most reliable financial authorities worldwide. They have a license from the Australian Securities and Investments Commission (ASIC) and supervision from the Financial Conduct Authority (FCA) in the United Kingdom. This ensures that they operate transparently and under rigorous standards.
In addition, ThinkMarkets operates under an ECN/STP model that provides customers with direct market access. This means that your trades are executed efficiently, with low and variable spreads, resulting in lower costs for you as a trader.
ThinkMarkets’ commitment to security is reflected in its Level 2 market depth, which provides accurate information to support your trades. While it doesn’t eliminate the inherent risks of the forex market, it provides valuable support for making informed decisions.
In summary, ThinkMarkets is a reliable platform that has proven its worth over the years. With robust regulation, a wide range of services, and a focus on transparency, you can trade forex and CFDs with confidence. It’s not a scam or fraud but a trusted partner for your financial activities.
ThinkMarkets Trading Platforms
ThinkTrader
ThinkMarkets exclusively designed ThinkTrader and launched it in 2016. A team of experts is ready to assist you in case of any confusion. However, its interface is so simple that it allows you to trade in the market with a single click, making it very intuitive for all users. With ThinkTrader, you can trade all the financial instruments that the platform offers, both in forex and CFDs.
ThinkTrader is available for desktop computers with Windows and Mac systems. You can download the application directly from the broker’s website. Moreover, if you want to use it on your smartphone, you can also install it, although the interface will be more compact than the desktop version.
ThinkTrader Web
ThinkTrader Web, on the other hand, is virtually identical to the app version. The main difference is that it operates entirely online, without the need to install an application. It’s useful if you’re trading from a computer that’s not yours, such as your workplace or while traveling.
ThinkTrader Web allows you to carry out the same operations as the app version. While its panel may limit some functionalities, essential features such as real-time market charts and updates are still available.
MetaTrader 4
ThinkMarkets also offers the popular MT4 platform for forex trading. This platform, known for its comprehensive and user-friendly interface, is preferred by investors and forex experts.
ThinkMarkets offers the MT4 app for desktop computers and mobile devices, as well as an online version, MT4 Web, which allows you to trade directly from the broker’s website without the need to download the app to your computer or phone.
ThinkMarkets Reviews: What Do Users Think?
For a complete perspective, we’ve collected feedback and opinions from traders who have used ThinkMarkets in their investment journey. These reviews cover key aspects that investors typically evaluate:
- Trading Experience: Many users have praised the trading experience offered by ThinkMarkets. They highlight the platform’s ease of use, efficient order execution, and multiple asset options for trading.
- Spreads and Commissions: Competitive spreads and transparency in commissions are aspects that attract traders. ThinkMarkets offers low spreads, which can be beneficial for those looking to minimize transaction costs.
- Customer Service: ThinkMarkets’ customer support receives constant praise. Users appreciate the 24-hour availability and the support team’s willingness to address queries and issues.
- Regulation and Security: ThinkMarkets’ regulation by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) of the United Kingdom provides additional confidence to investors.
- Trading Platforms: ThinkMarkets offers multiple platforms like ThinkTrader, MT4, and MT5. Users value the variety of options that cater to their preferences.
- Education and Resources: Novice traders appreciate the educational resources provided by ThinkMarkets, helping them better understand the markets and improve their strategies.
Opinions about ThinkMarkets are mostly positive. Users praise the quality of services, customer support, and transparency in costs. However, it’s important to remember that experiences may vary depending on each person’s investment needs and goals. If you’re considering using ThinkMarkets, you can register from here:
ThinkMarkets Tools for Forex Trading
ThinkMarkets offers numerous tools for trading in the forex market, allowing our customers to trade with more confidence in various financial instruments.
It’s important to highlight that using these tools does not eliminate risks in investments; rather, traders should employ them to assess future results. However, it’s crucial to remember that any estimation is not 100% accurate due to market volatility. Among the tools that ThinkMarkets provides are:
- Economic Calendar: All types of accounts at ThinkMarkets have access to the economic calendar. It provides daily market analysis and highlights significant events that can directly affect currency rates over a specific period, allowing traders to maximize their profits.
- AutoChartist: This tool fully automates operations on the platform and is exclusively available for PRO and VIP accounts. AutoChartist enables tracking of currencies, CFDs, and other financial instruments using automatic patterns and probability indicators to facilitate investment decision-making.
- FX Wire Pro: With this tool, users can access real-time market information, providing real-time reports on current and future events. Proper use can yield significant returns.
- VPS: Encrypted connections through VPS are exclusive for PRO and VIP accounts. They provide private connections and a unique IP address per client, ensuring greater data security while trading on our platform. This tool is essential for broker security.
Awards Received by ThinkMarkets
Throughout their journey as professionals and experts in forex, ThinkMarkets has received numerous awards. These awards reinforce investor confidence, as observing the accolades earned attracts more clients and presents more attractive investment opportunities worldwide.
Since 2009, ThinkMarkets has received several awards and has been nominated for others that, even when not won, do not diminish their quality as a company. Instead, when they don’t win an award for which they are nominated, their team strives to improve their services and position themselves as leaders in the excellence of all services they offer. Awards received by ThinkMarkets include:
Forex Best Awards 2014 by FXSTREET
This recognition was given for having the best trading blog, where daily market analysis and comments about the forex market are conducted, allowing them to maintain a Trader audience in constant activity at all times.
World Finance – Foreign Exchange Awards
In 2013, their Australian office was named the “Best New Broker Australasia,” which means they were considered the best broker in Australasia during that year. This award is presented annually by the prestigious company “World Finance Awards,” and few financial companies can achieve it.
World Finance – Exchange & Brokers Awards
In addition to the previous award, they were also awarded the “Best Broker in Australia” during the same year by the same company. This award was given for the excellent investment services provided by the company to its clients.
Best Customer Service:
This award was given in 2012 at the “UK Forex Awards.” The judges at that time were truly impressed with the high standards of service quality and support offered by ThinkMarkets at the time and which they continue to offer today, which, of course, led to the company receiving this award.
Nominations for other awards that ThinkMarkets has received over the years include:
- Fastest Growing Broker: In 2012, they were nominated as the “Fastest Growing Broker.”
- Best Online FX Provider: In the 2011 MoneyAM Awards, ThinkMarkets was nominated as the “Best Online FX Provider.”
- Best Middle East Broker: In 2011, they were nominated as the “Best Middle East Broker.”
ThinkMarkets Partnerships
This broker provides support to the renowned organization UNICEF, which has been carrying out aid campaigns for children for years and continues to do so. ThinkMarkets is proud to say they have been named a “Gold Sponsor of the UNICEF Champion for Children program” simply because of their monthly contribution to help children who need it most, giving these little ones a better future to aspire to.
This broker doesn’t just focus all its attention on providing investment services for Forex traders; they also focus on helping those most in need in resource-poor communities. After all, they hope to continue being a “Champion for Children.” Remember that UNICEF is a society responsible for helping the neediest children and giving them a better hope for the future, and in this, ThinkMarkets is the leader.
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