ThinkMarkets Quick reference
ThinkMarkets, known until 2016 as ThinkForex, is a brokerage company with several headquarters in London and Melbourne, as well as branches in the Pacific Ocean, the Middle East, North Africa, Europe and South America. The company does not cooperate with residents of the USA, Canada and Japan due to the lack of permit to conduct brokering activities in these countries. The company has been operating in the financial market since 2010.
SinkMarkets provides quick and easy access to a number of trading instruments. These include:
- foreign currencies,
- precious metals ,
- futures and many others.
In total, more than 1800 instruments are available for trading with the broker. The conditions for transacting are market-oriented: the leverage is 1: 500, the spreads are floating and start from 0.1 pips, there is the option to trade micro lots, the minimum deposit is $ 250. Starting speed of the transaction ranges around 0.2-0.3 seconds - it is relatively well for those who are fond of scalping. The news on the events from the world of finance and economics is regularly updated on the platform. The company has financial specialists who are ready to consult on a particular local financial situation. They also make clear information on the financial market as a whole, and their recommendations are often helpful. Furthermore, ThinkMarkets has an alternative MT4 Super indicator set, free access to the FX Wire Pro news portal and AutoChartist.
If you replenish your account for the sum of two thousand dollars and more, then you get access to VPS automatically.
Thanks to the ThinkMarkets broker, a client can trade via widely known platforms, for example, MetaTrader4 or the new generation Metatrader 5 platform, and via the ThinkTrader platform, also known as Thinkportal, which the broker developed taking into account its market specifics.
The development functionality is much greater than most similar options. In the PC version alone, there are eighty indicators, fifty drawing tools, and twelve types of charts that will be useful to any trader. ThinkTrader is also convenient for the reason that a detailed economic calendar is built into it, and there is also a notification option that you can configure on basis of your requests. The platform is available for both iOS users and Android fans.
ThinkTrader received an award in the contest “Best Mobile Platform” for its development in brokerage services. It is interesting that you can trade on different platforms from one account - it is a convenient and practical solution. As a bonus, ThinkMarkets has long been an Equinix partner, which provides the ability to quickly check current prices. This is one of the reasons why the broker is particularly suitable to traders who specialize in scalping and hedging.
Registration and personal account
To use the services of the broker, you should complete the registration. On this count ThinkMarkets doesn’t differ from other brokers that request name, email, contact phone number.
Data must be verified by uploading an identity document. The request is processed within 1-2 business days.
Confirmation is sent directly to the indicated email address. Expectations are not very exhausting, because the broker provides access to a demo account.
Deposit and withdrawal of funds
The broker provides a choice of a variety of different methods of funds replenishment and withdrawal. A trader can always use a bank transfer, Visa and MasterCard credit / debit cards, Skrill, Neteller, WebMoney payment systems.
Requests to withdraw money are considered within 24 hours. A nice bonus in cooperation with the broker is that there are no transfer fees.
ThinkMarkets makes a favorable impression, but the broker does not hold the new comers in high regard with bonuses and promotions. Great attention is paid to the quality of the trading process, although not all the traders were satisfied with the level of customer service and the work of the company.