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Excellent trading conditions with ThinkMarkets
The broker enables you to take positions on global indices from just 0.4 points on ThinkTrader or tight variable spreads on MT4. An index is made up of a group of shares and is used to track the performance of a country’s economy, a market sector or an exchange. Some of the most traded indices include the Dow Jones Industrial Average, S&P 500, FTSE, DAX, ASX200, NASDAQ, CAC, EuroStoxx and Nikkei 225.
Step 2: Time to verify your account
Contract specific opening hours can be found on the broker’s website. ThinkMarkets has a pretty good library of educational resources. For beginners, there are free video tutorials and a trading glossary. Tutorials aimed at intermediate and advanced traders are also available.
Supported Countries
- In addition, traders can also choose the ThinkZero account for trading with spreads starting from zero pips while bearing a pretty standard commission fee of $7 per standard lot per round.
- There are no spread markups on this account and traders get raw, market spreads.
- Actually I want to really complain about the poor quality and response of the servers of Think Markets.
- Additionally, beginners can hide more complex and advanced features until they gain more experience and confidence.
I personally still use MT4 because it was the first platform that I became accustomed to. However, I think both MetaTrader platforms are ideal for trading online. Let’s take a quick look at some of the main differences between the platforms to see if you can decide which you would prefer. If your country is not accepted, feel free to browse our broker reviews to find an alternative option.
Is ThinkMarkets safe?
Many users complained that the company did not stick to its promises, describing situations where they had difficulty withdrawing funds and placing a trade due to the slow transfer rates. The customer service, considered below par by many, left users waiting for days and weeks to resolve their minor issues. Needless to say, many strongly advised everyone against using their platform.
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.
Its suite of tools includes both human and computerised evaluation of the latest market developments and value-based analytics. All of this financial-market research and analytics that promise real-time insights will help ThinkMarkets’ clients get on par with institutional investors. Clients have access to three trading platforms – MT4, MT5, and ThinkTrader – and can choose from more than 2 account types. The different accounts serve different purposes to best suit the needs of the broker’s wide consumer base. ThinkTrader is a modern-looking in-house trading platform that offers access to over 50 drawing tools, over 125 technical indicators, 20 chart types, intuitive navigation, and advanced features. There are also mobile, web, and desktop versions of the application available.
Building on the industry’s standard MT4, MetaTrader 5 is MetaQuotes’ latest platform aimed at traders looking for cutting-edge features. The MT5 interface has a similar style, but it includes many more chart periods, indicators, services, and other useful benefits. The platform includes 21 timeframes, 6 pending order types, hedging and netting options, and a multi-thread strategy tester for back testing your automated systems over historical tick data. MT4 has a plethora of built-in features and tools, including technical indicators, drawing objects, robots and signals. In addition to the already substantial platform, ThinkMarkets provide you with the brilliant Trading Central market analysis tool, a global leader in financial research. It is available to all MT4 account holders free of charge and is not something you find through many brokers, IronFX being another option.
4th Sep slippage in EURCAD was 300 pips, GBPJPY slippage is 150 pips, even EURUSD slippage is 50 pips. Especially appreciated was her patient cross checking with every possible problem that could have been the cause of my issue. Eventually she identified the issue and it was my own failure to correctly note the instructions. Under Richard’s leadership, the Good Money Guide has evolved https://traderoom.info/ into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues. Let’s compare the trading fees of ThinkMarkets with competitors.
With this type of trading, you can copy the trades of other successful traders. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Payments are a bit slow (due to reversal process) but never been ot received my withdrawals. Many auto insurers feature a usage-based option (also known as a telematics program) as a way to offer the cheapest rates.
ThinkMarkets has an Australian Financial Services Licence that enables it to conduct a financial services business in Australia. It is registered with the Australian Securities & Investments Commission (ASIC) under the trading name of TF Global Markets (Aust) Limited. As a London-based firm, ThinkMarkets is also authorised and regulated by the Financial Conduct Authority (FCA), a financial regulatory body in the United Kingdom. It has traditionally been a Forex and CFD (Contracts for Differences) broker on commodities, cryptocurrencies, equities, futures and indices. Its recognised trading solutions include MetaTrader 4 and next generation MetaTrader 5.
Both intermediate and experienced traders can use thinkMarkets’ education materials. The broker has numerous articles and trading guides to assist traders in understanding the fundamentals of trading and possessing adequate knowledge of the working of the platforms. This is a powerful risk management tool available on the platform which is designed to constantly scan the markets for you for any possible tempting trading offers. The sophisticated algorithm sifts the data and lists trading ideas in terms of risk and reward rations, along with expected target prices.
ThinkMarkets has a growing number of available markets, research materials, and educational content, yet still has room to improve in these important categories. ThinkMarkets offers a wide range of tradable instruments, including CFDs, CFDs on stocks, commodities, cryptocurrencies, Forex, indices, and metals. There think markets review are 46 available currency pairs, 4,027 stock CFDs, 21 cryptocurrencies, 15 stock indexes, and 11 commodities for trading. It should be noted that, while MetaTrader 5 and ThinkTrader support trading all the asset classes offered by this broker, MetaTrader 4 is limited to mainly currency pairs and some CFDs.
This is another fantastic market analysis tool that can save you from hours of chart watching. You can also get free access to both Trading Central and Autochartist with GO Markets. Trading Central’s set of tools for better trading is available through ThinkMarkets. Trading Central is a market leader in providing practical trading ideas and one of the best market analysis tools in my opinion, along with Autochartist. Their product portfolio includes technical, fundamental, and value-based data. These insights can aid today’s traders by supporting them in creating trade ideas, verifying trading choices, and risk management.
But we have to use withdrawal method by our country rules and regulations. Stay up to date with breaking market news, important economic events, and regular week ahead analysis. Find out the latest trading insights shared by our in-house market analysts. Capitalise on shares whether the stock market is rising or falling. Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.
