ThinkMarkets is one of the strongest brokers out there that we have experienced and has thousands of fulfilled and satisfied clients. They are heavily regulated, with two of the more stringent regulators watching them, and are heavily insured to protect your segregated account. In fact, they are insured up to 1 million British pounds through extra insurance policies that they have taken out for their clients. As mentioned previously, ThinkMarkets offers both currency trading and contract for difference markets.
- This means that for UK residents with bank accounts denominated in GBP, conversion fees will not be applied for deposits and withdrawals.
- ThinkMarkets allows accounts to be denominated in USD, EUR, GBP, AUD, JPY, CHF, CAD, ZAR, SGD and NZD.
- Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
It’s important to understand about any broker until you trust them with your cash. If you are new to the realm of online trading and brokers, so many facts will no doubt be perplexing for you. Getting into the area of online trading demands expert assessing skills and thorough knowledge.
Company
Multilingual client support is available 24 hours a day, 7 days a week via online chat, telephone or email. The friendly support team can be prompt and efficient at responding to general and technical questions. In addition to MT4, they also provide the MetaTrader 5 (MT5) platform which is similar its predecessor although it has increased features and functionalities. The MT5 interface as a similar layout however it comes with many additional timeframes, services and advantages. If your country is not accepted, feel free to browse our broker reviews to find an alternative option.
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This comprehensive forex trading environment, combined with the broker’s robust trading infrastructure, caters effectively to both new and experienced traders looking to engage actively in the forex market. This platform is equipped with sophisticated charting tools that allow for detailed market analysis and decision-making. Additionally, MT4 supports automated trading capabilities through Expert Advisors (EAs), enabling traders to set up and execute trades automatically based on pre-defined strategies. For beginner traders, the user-friendly design of ThinkMarkets’ platform and educational resources can be a real asset. The broker offers various account types, competitive spreads, and a range of features designed to support traders as they navigate the complexities of trading.
Deposit & Withdrawal
ThinkMarkets offers a range of spread options tailored to different trading strategies and market conditions. Traders can choose between fixed spreads, which remain constant regardless of market volatility, and variable spreads, which fluctuate based on real-time market conditions. For major forex pairs such as EUR/USD, spreads can be exceptionally low, starting at just 0.0 pips in professional accounts. This feature is particularly advantageous for active traders who prioritize cost efficiency, as tighter spreads can significantly reduce trading costs and potentially increase profitability.
Jeff Anberg is a Senior Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University. Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading.
I would say the mobile interface lag…
Bitcoin, Ethereum, Litecoin, and Monero are just a handful of major cryptocurrencies that can be traded on the broker’s platforms (ThinkTrader, MT4, and MT5) using pre-existing accounts. Traders can speak to customer support 24/7 via e-mail, call, or use the live chat function, the most convenient form to reach a support representative. The website also has a fairly extensive FAQ section that answers the most common questions. Most traders will not require assistance, but if the need arises, swift access is available. Besides lots of currency pairs, ThinkMarkets also offers some instruments you would like to trade on, such as Forex, Gold & silver, Stock CFD, Indexes, Crypto and Oil for your best choice.
- There are multiple methods to finance your accounts with ThinkMarkets.
- We strive to provide the most comprehensive and objective information to help you make an informed decision.
- You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
- This accessibility is particularly appealing to both novice and experienced traders looking to diversify their portfolios with digital assets.
- These advantages are what sets ThinkMarkets apart from the rest of the online brokers.
ThinkMarkets have a choice of trading accounts to suit different traders needs. There are 2 main accounts which are the standard account and ThinkZero account. The spreads are lowest on the ThinkZero account although there is a competitive commission charged, which only applies to FX and metals. The broker does have a selection of trading tools that can be used to assist with your trading and to keep up to date with the latest market news. I do feel that the provided platforms should have more than enough tools for most traders to conduct in-depth market analysis. However, if you like to have more tools at your disposal, you won’t be disappointed.
These fees are typically dependent on the financial institution handling the transaction or the amount being withdrawn. This transparent approach allows traders to plan their financial movements accurately, without encountering unexpected costs. ThinkMarkets supports a wide range of convenient deposit and withdrawal methods to meet the needs of traders from various backgrounds and preferences.
This structure also promotes high transparency in pricing and faster execution speeds, making Professional accounts an excellent choice for scalpers and high-frequency traders. ThinkMarkets ensures that all account types offer valuable and tailored features, allowing traders to select the option that best suits their trading strategy and financial goals. The broker, ThinkMarkets, offers traders access to a diverse array of commodities, encompassing both precious metals, such as gold and silver, and energy commodities, including oil and natural gas. Additionally, ThinkMarkets provides access to agricultural commodities like wheat and corn. This variety enables traders to diversify their investment portfolios beyond traditional financial instruments. ThinkMarkets is committed to providing competitive pricing structures and flexible leverage options for these commodities, catering to the needs of various trading strategies and risk appetites.
Does ThinkMarkets have fees?
While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find. In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop. With a ThinkMarkets account, you will be able to trade more than 25 cryptocurrencies. However, UK clients are not allowed to trade crypto CFDs due to strict regulations.
Moreover, you could even gain access to a huge collection of educational resources and assistive material to kickstart your trading expertise. ThinkMarkets shows on its official website that you can exchange real time stocks with thinkmarkets broker review your demo account. In general, ThinkMarkets does not charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for those who often exchange, such as weekly or daily trading.
Still, traders may need to consider that ThinkZero applies commission from $3.5 per side for every 1000,000 trading volumes. Although the data shows that 71.89% of retail traders lose money on ThinkMarkets per UK unit, the security of the broker deserves a thumbs up. ThinkMarkets separates client deposits from corporate funds, as mandated by regulators. The best protection provided by this broker is the separately obtained insurance policy of up to $1,000,000 in case of bankruptcy. Traders looking for a safe and secure multi-asset broker will feel comfortable trading at ThinkMarkets.
From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading. Explore the best Forex brokers for beginners in the UK with user-friendly platforms, educational resources, and demo accounts. The Beginner section covers the basic aspects of Forex CFD trading such as leverage and margin and introduces traders to the MT4 platform. The Intermediate section covers trading plans, candlesticks, order types, and chart patterns – all essential skills for successful traders. Available on both MT4 and MT5, ThinkMarkets offers a free VPS service to traders who trade a minimum of 15 round turn lots on Forex in a calendar month.
