Think Markets Review Is Thinkmarkets.com A Safe Forex Broker

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ThinkMarkets.com Review Visit site

About ThinkMarkets.com

ThinkMarkets is a forex broker. Think Markets offers the MT4 and MT5 trading currency platforms. ThinkMarkets.com,offers over 35 currency pairs, cryptocurrencies, gold, silver, shares, indices, commodities and cfds for your personal investment and trading options.

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Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $1
Established: 2020
Address: TF Global Markets, 4th Floor, 30 City Road, London, EC1Y 2AY., United Kingdom
Contact: [email protected], +44 203 514 2374
Regional offices:
Regulators: ASIC #424700, FSCA #49835, FCA #629628
Prohibited countries:

Yes

Yes

Trading platforms: MT4, MT5, Trade Interceptor
Web Trading:
Mobile Trading:
Currencies: (35+)
Cryptocurrencies: (5+) Bitcoin, Ethereum
CFD: (1200+) Gold, Silver, Stocks, Stock Indexes, Oil, Other Commodities

Yes

Yes

Yes

Yes

EAs/Robots:
Scalping:
MAM:
PAMM:
Deposit Methods: Bank Wire, VISA, MasterCard, BitPay, BPAY, FasaPay, Neteller, PayPal, Skrill
Withdrawal Methods: Bank Wire, VISA, MasterCard, Neteller, Skrill

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Consumer Reviews

Service use: Live

Length of use: 0-3 Months

Opened an account with think markets due to me not being satisfied with the level of service from my previous broker.

i deposited an amount and placed a trade, i found the platform to be slow and very unfriendly to use and the spreads were too big so i closed my trade and withdrew my balance.

i then recieved a call from an account manager that frankly i hadnt asked for, he advised me to use the thinkzero platform if spread was an issue, so i gave them the benefit of the doubt and deposited again in order to try, now 3 weeks on and atleast 35 lots later, covid19 has hit the world hard and being self employed i want to withdraw my money in order to be able to live.

Except thinkmarkets wont let me withdraw without fining me 4 figures, they wont give me a reason why just that no matter what i do and no matter how many trades i place when i come to withdraw they will charge me.

when i question this they tel me its a finance department issue and i should speak to them, except you cant call them you have to email, its now been over a week of me emailing and getting completely ignored. with the added benefit of my idiot of an account manager popping up occasionally just to remind me i will be charged. if you want to keep hold of your mmoney i suggest you use another broker.

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the whole world is in trouble due to covid19 this money could be a matter of keeping a roof over my head or feeding my young children but all thinkmarkets seem to care about is ignoring me and charging me.

AVOID AVOID AVOID

Service use: Live

Length of use: 0-3 Months

I deposited into think markets as I was considering them as a new broker. I registered and deposited no issues.
I placed my first trade using my entire margin and closed the trade some hours later. I hate there platform it was very clunky and the spreads were gigantic. So I withdrew.

An account manager contacted me and I told him this and he reccomend there zero spread account.

So I deposited again. Again the platform was clunky and by this time covid was having a real impact and we were on lockdown. I had no money coming in from work so I attempted to withdraw, they told me I hadn’t used enough and they would fine mye over 5% of my balance if I withdrew .

Obviously not wanting to lose such as large amount I carried on trading. I then tried to withdraw again and was again told insufficient trades.

I’ve since asked how much I have to trade in order for this fee not to stand and they refuse to tell me. Not account manager is useless and the finance department dont reply at all.

Since my deposit I have traded in excess of 30 lots. I have used my full amount available time and time again.

Yet still they wont let me withdraw unless the charge me thousands of pounds

I urge you not to use this broker and use literally anyone else.

Resolved

Service use: Live

Length of use: 3-6 Months

My issue was resolved

So putting this to show on my last November post

And i need 75 characters

Dec 30, 2020 – 1 Star I was trading with think markets December 2020 till late Feb 2020.
To start with the feed and execution was great then it got worse and worse until I couldn’t win a trade as they’re a market maker so have their own charts as such and can do whatever they like with your trades I can’t go into detail as they have stated if i share any case related information that has been provided they will try and halt my case with AFCA, so I’ll share more once that is over.

This issue and there constant lies have gone on for 11 months now so if you are a full time trader or aim to be one day stay away from this broker as they don’t work with you in anyway they just cause you issues as they’re greedy and all about there profits and stealing from clients,

There’s another case in the scam threads were a hedged trade was margin called costing a client 200k they cost me over 100k and another person i know over 100k so its okay running your small accounts with a poor win rate but if you make money off them they will just manipulate your feed and steal your money as seen in the hedged trade scam alert..

Stay away from them even if you’re a small trader as they will never act in your best interest and will steal your account when ever they get the chance to..

Check out the other reviews over last few years everyone says once profitable they can’t turn a profit and I’m not sure who would have a good trading experience and think awww im going to go log onto a site and leave a good review so I would be looking at bad reviews before any good ones..

I have alot of information on the unethical ways they handle clients accounts I will be posting AFCA full review once they complete it and show all of the breaches they have made.

Also visited them afew weeks ago but they wouldn’t see me and called security as I was happy to wait to see someone and go over the information i had

Service use: Live

Length of use: over 1 Year

Service use: Live

Length of use: over 1 Year

Service use: Live

Length of use: 6-12 Months

As an active trader that focuses on almost exclusively on trading gold ThinkMarkets is my primary go-to trading account. It is the thinkzero account i use with them as it has the tightest spreads, swaps and great margins (around 0.5% deposit requirements i believe).

I have been using the live account with them for around 6 months and i’ve not encountered any issues. The pricing, tech and support are bang on, I’ve also been lucky to be on the right side of the recent gold moves and i’m letting my 5 figure current profits run up – only stops in place, no profit limits as yet. I’m a big gold bull. I do trade some gold options with another broker (ThinkMarkets do not offer gold options) but I’m thinking about stopping that as funding/withdrawing is difficult as it is overseas and pricing is opaque. I’ll get around to writing a review about that particular broker another time.

Service use: Live

Length of use: 3-6 Months

I trade Majors, Crosses, Gold & WTI (oil).

I do not trade Stocks, CFD’s, Indices, Exotics or Silver as either spread is high as most other reputible brokers or as current world fundamentals are just too unpredictable. I find if you mostly scalp Forex & Gold these are the correct instruments to make money in this climate. Up 25% 2.5 weeks into this month, dd 10%. Long term trades have high drawdown at the moment, I will avoid them until 2x Trade Wars, Brexit, Hong Kong voilence and general economic outlook looks better (mid-end 2020?).

Back to Thinkmarkets, I am fortunate to be able to monitor my trades 20hrs/5days and only not have sight of my trades during US afternoon which is fine, because then I am sleeping.

I am on their ThinkZero plan which has 0.2 to 2.5 pip spread during Asia session, and 0.1 – 1.8 pip in the big sessions depending which pairs you trade. The higher spreads are really on 1 to 2 pairs ONLY (GC, GN). Their commission is $7.0 per round turn ($3.5 per side i.e. open $3.5 then close another $3.5 per 100 000 units thus 1 Lot). Obviously it is pro-rated down if you only scalp say 0.01 lot it is as low as 7cents.

I scalp HEAVILY and often during news time, I do not mind to shovel out 2 pips if suddenly the market turns. I keep on checking their numbers to mine and they are as darn close as you can get it. Granted I may be close to their AUS server, but I believe they have good coverage globally. My Demo server reaction was very close to Live.

They are very strict with their policies and although I had issues which were open to interpretation regarding certain withdrawal procedures, they are as correct and fair as a broker could be. Payments are swift once all your admin is in order.

Their chat support is friendly & suberb and had no issues unresolved. Queries to account department does take a while, but I think it is close to 24hr response which is fair.

I can’t comment on other client’s experiences, but my slippage and spread is the best I had compared to my 3 previous brokers. They were all “Top 10” brokers, I promise you that.

So, all-in-all, at the moment in 2020 I only had good experiences and I truly recommend them based on my experiences with even heavy disputes with them admin wise, slippage, spread, speed and general warm fuzzy feeling when I open my terminal. Good luck all.

Thank you for your glowing 5 star review.

The ThinkZero account is very popular with scalpers such as yourself with raw spreads on the majors as low as 0.0.

We do follow strict AML rules which serve to protect both ThinkMarkets and our clients – our clients can rest assured knowing their funds are safe, secure and importantly, accessible quickly.

Our Support Team are highly trained and engaged with the markets so it is great to hear your positive feedback, we will be sure to pass on your kind words to the team.

We appreciate having you as a client and hope you managed to catch some of the recent big moves on gold.

Kind regards,
The ThinkMarkets Team

ThinkMarkets Review

ThinkMarkets Reviews and Ratings:

Website https://www.thinkmarkets.com/
Live Chat YES
Telephone +44 203 514 2374
Broker Type Market Maker Non-Dealing Desk
Regulations ASIC, FCA, FSCA
Min Deposit $0
Account Base Currency USD AUD GBP EUR CHF JYP
Max Leverage 500:1
Trading Platforms Metatrader 4, ThinkTrader, Trade Interceptor
Markets Forex, Indices, Metals, Commodities, Cryptocurrencies
Bonus Offered None
Funding Options Credit/Debit card, Neteller, Skrill, Bank wire, bitpay.

ThinkMarkets

Overview: Award-winning Australian brokers ThinkMarkets is based in Melbourne, and is regulated by FCA, FSCA and ASIC. It is one of the few brokers that allow aggressive scalping, hedging and high speed automated trading. Solid infrastructure and customer service make it one of the best forex brokers in the industry. Note that US clients are not allowed.

Accounts: ThinkMarkets offers standard, pro and VIP accounts with low spreads (as low as 0.8 pips for standard accounts and 0.0 pips on pro accounts). All three accounts can be further opened as individual, joint, corporate and swap-free accounts (only with pro). The minimum lot size for Pro and Standard accounts is 0.01 and for VIP accounts is 0.10. All accounts come with expert advisors and robots. Scalping without a minimum duration for keeping trades open is possible. You can open demo accounts for any account type, with real-time price feeds.

Traders can trade in Gold and Silver as well as forex stock indices, cryptocurrencies and CFDs.

Minimum deposit: $0 for standard accounts

Maximum leverage: 1:500

Features: Platforms on ThinkMarkets include MT4 and its web and mobile versions, as well as Trade Interceptor, which is the firm’s proprietary trading platform with excellent features.

You can trade 35 popular forex pairs, with low spreads and NDD (non-desk dealing). Trading is superfast with no price manipulation. The brokers have partnered with Equinix to get access to the most current pricing data. The brokers offer an excellent Trade Manager and an affiliate program.

Education: ThinkMarkets offers excellent education for beginner, intermediate and advanced traders through market updates, trading tools and more.

Deposits/Withdrawals: Deposits and withdrawals safe and secure through credit/debit, bank wire and Skrill, Neteller and bitpay. The ThinkPortal secure area is where traders can log in to manage account information. Withdrawal requests are processed with in 24 hours .

Customer service: 24/6 live support during the trading week, plus support through email, chat or phone0

Trusted Forex Broker Reviews

Not even legends in the calibre of a Larry Williams or a Martin Schwartz will have much luck in currency trading if the broker is unwilling to cooperate – it has an overwhelming role in determining what type of experience you will have as a forex trader. The lack of clear rules and precedents creates great opportunities, but also huge risks for the unprepared.
But aren’t there always two sides to a story? To help our visitors avoid the dark side of forex, we have carefully screened the best offers in the online brokerage business, and prepared a selection of some of the most reputable and efficient brokers for your exclusive benefit. If you have any plans to explore the exciting world of currency trading, we are sure that you will find our list an invaluable guide in the crowded and sometimes shady world of the forex brokers. We recommend reading our listed brokers’ review pages for user reviews, e.g. OctaFX or FXTM review page.

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*Broker offers variable spreads which are subject to fluctuating market conditions. Spreads tend to be tight during times of deep liquidity but can also widen significantly during times of low liquidity.

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Finding the Best Forex Broker – FAQ

Finding the best forex broker for your needs takes some research. Hundreds of online brokerage firms now compete for your account, so plenty exist to choose from. Check out our recommended top list above, or read our FAQ below with excellent points to consider before choosing your broker, or see this extensive five step guide on how to choose a forex broker.

Finding the best forex broker that has a fast execution capability, a reliable trading platform and which can be trusted with your account deposit might be the first things you will want to assure yourself of. Other sweeteners can include account opening bonuses and other features like mobile trading and SMS market alerts.

Basically, you want a forex broker you can trust to handle your money and your trades so that you can get on with the business of trading forex without worries. Anyway, to make the process of finding a broker simpler, the list above covers most of the key comparison points between forex brokers so that you can be better prepared for a successful search.

In the end of this page you will find many more brokers that did not make the top list, you can still read our reviews of them and give your comments on them or share your experience from them.

But first we will go through some of the criteria and features you should look for when searching for the best forex broker for you.

Regulation

Most reputable online forex brokers take the step of submitting to regulation by one of the main financial regulatory agencies operating in their home country. Sometimes, they will even be regulated by more than one agency. Such regulation provides you with the security of knowing the broker’s operations are being overseen by an independent authority with the goal of keeping the business honest.

Is there a benefit to where a broker is located?

Location can make a big difference, especially if the regulatory regime in the country is top of the line. The most advantageous location has to be reserved for UK brokers, since London is the center of the foreign exchange business.

Forex Trading in the UK

Early in the last century, nearly 50% of the world’s foreign exchange was conducted using the Pound Sterling. Today, daily forex trading turnover in the London market represents 41% of the world, more than double that of the United States at 19%. If you choose a reputable UK broker, then you can be assured that the firm can draw upon a broad pool of experienced and professional staff in the UK.

From a regulatory perspective, UK forex brokers must also comply with one of the strictest regulatory bodies around, the Financial Conduct Authority (FCA). Once again, the pool of UK staff will be very aware of best business practices and related compliance issues, another reason to choose a UK broker, if at all possible. One must, however, be due diligent when choosing a broker that claims to have offices in London, since the marketing aspect of this location has caused many overseas brokers to set up a “shell” presence in the UK to gain your trust, but without the benefits listed above. If you prefer a UK broker, then make sure that they are headquartered in London and have a significant presence there.

Forex Trading in Australia

The Australian Forex/CFD/Cryptocurrency landscape is an intricate one, where at least three different types of brokerages peddle their services. There are unlicensed, unregulated brokerages with a global reach, whose services may indeed be accessible to Australian traders too. Then, there are financial service providers who are not based in Australia, but who are licensed by ASIC to peddle their products there. Finally, there are Australian born-and-bred operations, firmly under the authority of ASIC.

If you are looking for a forex broker in Australia or that offers services for Australians then make sure to go here.

Data Security

When you either enter or store vital personal information online, it can be subject to falling into unfriendly hands that may use it for their own personal gain. Accordingly, a top priority when choosing a broker is that they encrypt all data entered into online forms using industry standard SSL-encryption or better.

Another key issue involves the safe storage of data so that it will not be lost in case of disaster. Many online forex brokers use duplicate data farms with high security to assure the safety of your account information.

Dealing Spreads

Many day trading strategies become unsuccessful over the long term if your account does not have access to competitive dealing spreads. The spread is simply the difference between the bid price and the offer price for a particular currency pair and should be no greater than five pips in the majors and major crosses, with wider spreads often seen in the minor crosses and exotic currencies.

Commissions and Fees

Sometimes brokers are not content just to have you dealing on their spreads. In this case, they might charge a commission or fee for each transaction. Sometimes these are calculated on a per transaction basis or on a volume dealt basis. Additional fees might be involves in making withdrawals or deposits, so be sure to check that information to minimize your transaction costs.

Order Types

Most forex brokers handle the basic market, stop and limit order types. Nevertheless, some brokers also offer support for OCO (one-cancels-the-other) and trailing stops. If either of these more specialized order types would be suitable for your trading plan, then be sure that your chosen broker supports them and make sure that you fully understand the limitiation of these different order types.

Currency Pairs

Since more currency pairs often means more opportunities to profit, you will want to make sure that your forex brokers offers all of the pairs you might be interested in trading. Some traders also like to have access to precious metals like Gold and Silver, in addition to oil, especially if they will be trading the commodity currencies like AUD and CAD whose exchange rates can depend on commodity price fluctuations.

Deposit Required

Unless you are just interested in opening up a demo or practice account with the forex broker, they will usually require a minimum deposit to be made for you to get started trading forex. Often, the more money you place on deposit, the more features you have access to or the tighter your dealing spreads become. Make sure that you research the broker thoroughly before sending a deposit.

Account Types

Account types vary considerably between brokers, but most offer demo accounts for practice trading, mini accounts for newer traders with a low minimum initial deposit, standard accounts for more experienced traders with a moderate deposit, and finally VIP accounts for larger initial deposits. Here is a list of forex brokers that offers demo accounts.

Also, the features offered with each account type vary quite a bit among the various forex brokers, so be sure to see which reputable broker will offer you the best deal for the initial deposit you have available to you.

Leverage

Leverage refers to how much of a position you can control with a certain amount of funds allocated to it. Forex brokers currently offer leverage rates of as high as 500 to 1. What this means is that you can control a $50,000 trading position with just $100 allocated from your portfolio. Note that in the U.S. the maximum leverage is 50:1 for majors and 20:1 for minors.

Naturally, amplifying your risk by using leverage can result in larger gains, as well as larger losses, so be sure to use leverage wisely and avoid trading beyond your means.

Margin Requirements

Even though forex transactions are exchanges and not purchases of an asset like a stock or commodity, when the exchange rate moves, it creates credit risk for the counterparty showing a gain on the transaction. As a result, most forex brokers require that their clients place a certain amount of funds on deposit to cover such potential losses. This is known as the broker’s margin requirement.

Since margin requirements vary among brokers, you will want to make sure that the broker you choose has guidelines you can live with. Also, some brokers automatically close out trading positions when the amount of margin in your account is exceeded by trading losses, or according to other criteria, so be sure to understand such the implications of such policies for your trading business.

Trading Platforms

Most of the better forex brokers offer their own proprietary trading platforms for you to use to execute forex transactions with and to keep track of the market. These usually either take the form of web-based platforms that use access via your Internet browser or client-side platforms that you download to, install and run on your personal computer.

In addition, some brokers support independent trading platforms like the popular MetaTrader 4 platform that can be obtained free of charge and which many commercial forex trading robots are designed for.

Mobile Trading

Some forex traders require the convenience of trading and keeping in touch with the forex market via their mobile phone or other mobile device. Many brokers provide such services, so if this is important to you, check out what each broker offers in this regard and whether their software will work with your device.

Algorithmic Trading

Forex traders increasingly wish to automate their trading plans or algorithms to free up their time for other endeavors. They often do this by using a programming language to write down their decision process in an algorithmic format that can then automatically be executed by forex trading platforms that support this capability.

If you think you might want to automate your trading plan, check to see with brokers you are considering to see if they support this type of trading and how they do so.

ECN Brokers

ECN Brokers are brokers who use an Electronic Communications Network to provide price quotations and trading opportunities to their clients. The best way to picture an ECN is as an Exchange. Through an ECN, the broker puts various market participants into touch, directly. What that means is that it matches up trades so a seller will always find a buyer and vice-versa.

CFDs – Contracts for Differences

These days, CFDs are all the rage as far as online trading is concerned. These Contracts for Differences offer traders (and brokers) several advantages, which make the setup a very attractive one indeed.

A CFD is in essence a futures contract arrangement, between a broker (the CFD provider) and a trader (the client), the object of which is the difference between the current value of a traded asset (which can be just about anything, given the impressive market coverage of this financial derivative) and its value at the end of the contract. Find more information about CFD brokers here.

Market Alerts

Many brokers offers SMS or other types of market alerts to their customers. If you think this might be important to your trading business, look for this feature.

Support

Those new to forex trading will want to have better access to both dealing support and technical support. See what services each broker under consideration provides and whether it will suffice for your purposes.

Information Resources

Newer traders often require educational materials about the forex market and trading in general to get started trading forex on the right foot. If this is important to you, research what the brokers you are considering have to offer in this regard.

Also, many brokers provide sophisticated news feeds, like Reuters for example, as well as proprietary market commentary and other timely information.

Dealing Desk Access

Some traders like to speak to a personal dealer or advisor at the broker in order to obtain inside market information and advice. Others like to be able to make transactions over the telephone in a pinch. If either of these options makes sense for you, inquire with your potential brokers whether dealing desk access will be available to someone with your anticipated initial deposit.

Managed Forex Accounts

There are three types of managed forex accounts, Individual, Pooled and PAMM accounts. Here is a list of recommended managed forex accounts that offers this kind of forex accounts.

Think Markets отзывы

В он-лайне с: 2020
Страна:
Регулируется: ASIC, FCA
Способы расчетов: BPAY, банковский перевод, платежные карты
Минимальный размер счета: 250$
Минимальный размер сделки: 0.01 лот
Кредитное плечо: 1:500
Спрэды: от 0,8 пункта на EURUSD

Think Markets была основана в 2020 году.

Клиенты компании имеют возможность вести торги на внебиржевом рынке ценных бумаг.

Деятельность брокера регулируется Австралийской комиссией по ценным бумагам и инвестициям (ASIC).

Клиентам брокера доступны пять типов торговых счетов и работа по 35 торговым инструментам. Торговля ведется на базе платформ MetaTrader 4 и Trader.

Кроме того, компания предоставляет системы для ведения автоматизированной торговли. Также в распоряжении клиентов с депозитами более 2500 USD бесплатный VPS-сервер. Для новичков в компании предусмотрены онлайн-курсы обучения.

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