ThinkMarkets Your premium multi-asset online brokerage
In cryptocurrency markets, brokers play a crucial role in connecting buyers and sellers through platforms that trade crypto with other tools like foreign exchange, precious metals, or commodities.
When you are trying to join a new field or shift brokers, you will keep an eye out on the performance of your prospective broker. It helps to have people with experience in your corner.
ThinkMarkets could be the broker fighting in your corner today. If you are thinking of investing with ThinkMarkets, this review will help you understand how they work and if investing with them is worth a shot.
What is ThinkMarkets?
Since opening for operation in 2010, ThinkMarkets has been a multi-asset online broker serving the whole world. Their headquarters are in Melbourne and London, where they serve the greater regions of the Middle East, Asia Pacific, and North Africa.
You can access the wide range of marketing tools offered by ThinkMarkets in Europe and South America.
According to specialists at ThinkMarkets, the company uses only the latest technology to provide the best prices for their trading tools. They are also always on their toes to execute transactions quickly while delivering superior customer service.
With such dedication, you can see why they would receive awards from organizations like FX Street for being a competitive offer in the market while walking with their clients through their trading journey.
ThinkMarkets has a lot to offer. For instance, customers who choose to go ThinkMarkets enjoy low to 0 commissions on their transactions, can open various accounts, and most importantly, have tight spreads.
To learn how to trade with ThinkMarkets, keep reading.
How to trade on ThinkMarkets
First, the chance to raise your game when trading at ThinkMarkets increases exponentially when you review the tools they have. They have a myriad of options for anyone looking to learn something about trading.
You can access their educational materials, articles from experienced traders, trading glossaries, indicators, and chart patterns. They offer all levels of training, from beginners to intermediate and advanced traders.
When you finish going through their trading knowledge base, you will realize that trading with them is simple.
You need to open an account to use for trading. This could be your real or demo account while you test the waters.
If you go for a demo account, it comes with a balance that you can use to practice your trading strategies. On the other hand, if you open a real account, you need to deposit some assets into the account for trading.
When trading, you can exchange your asset for a value. For instance, you could wager the exchange rate between the Euro and Japanese Yen, JYP.
Types of Accounts on ThinkMarkets
One of the many advantages that traders enjoy when working with ThinkMarkets is the choice they get. You can select the best account type to suit your trading specifications.
ThinkMarkets offers different types of trading accounts:
1. A standard Account
A standard account is what you can use as a beginner trader. The account requires a 0 operating balance, with no commissions on your transactions. Also, the average FX spread is around 1.2 pips, while forex only spreads from 0.4 pips.
The account has no limit on stop-loss take profit levels on any trade tools. And even though you do not get a personal account manager, you get the VPS support you need to improve the accuracy of your execution.
This type of account is the ultimate choice for anyone looking for a seamless trading experience. The forex spreads are from 0 pips, and FX spreads average at 0.1 pips. You can trade metals for 8 cents, with a $3.5 commission per side.
However, you need a $500 minimum operating balance to use the ThinkZero account. It also has no minimum stop-loss take-profit levels.
With ThinkZero, traders get a personal account manager, free VPS support, and can trade on the MT4 and MT5 platforms.
3. Islamic Account
Muslims can also enjoy trading on a halal platform like ThinkMarkets. The platform builders took measures to comply with the Sharia Law that gives Muslims to open swap-free accounts.
4. A Joint Account
If you want to try your limits in trading with your friends, you can decide to open a joint account. Here, two or more individuals can trade commodities on the market.
Overall, you can start by getting familiar with the platform through their Demo account. You can then start trading for free while exploring the millions of trading opportunities presented by virtual funds on ThinkMarkets.
Pros and Cons of Using ThinkMarkets
There are many advantages of using a fast and reliable forex broker like ThinkMarkets. Some of these perks include:
- Traders enjoy tight spreads, even under volatile market conditions
- Thanks to their partnership with the world’s largest data center Equinix, traders get fast and reliable order execution
- As a ThinkMarkets trader, you can choose between the high-end MT4 or the cutting-edge MT5 platform for your phone and desktop
- Many trading tools, including cryptos, commodities, energies, and indices
- 24-hour client support service
- ThinkMarkets does not offer protection for their traders against losses that could exceed their initial deposits.
Trading can be a hassle when you have no idea what you are doing. However, it does not have to be the case since there are trade brokers ready to help you walk your trading journey successfully. ThinkMarkets is a top choice broker that supports you all the way.
Get started today and enjoy the opportunities in the world of forex and crypto trading today.
Lets take a look at the ThinkMarkets Disclaimer
Risk Warning: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary.
TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060. Registered address: CT House, Office 9B, Providence, Mahe, Seychelles. Company number 8424818-1. Clients will engage with services offered by TF Global Markets Int Limited, unless otherwise stated, please see the legal documents, including the Terms & Conditions for specific details.
ThinkMarkets Group is a global financial services provider, ThinkMarkets is a registered trademark of the group, that operates among various entities. For more information please visit the About Us section.
Think Capital Limited is registered in Bermuda, Company number: 51879. Registered address: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. Think Capital is not required to hold any financial services license or authorization in Bermuda to offer its products and services. For the avoidance of doubt; Think Capital is not licensed by the Bermuda Monetary Authority, and does not provide any products and services under the Digital Asset Business Act 2018.
TFG (Payments) Limited is registered in the United Kingdom, Company number 10537331. Registered address: Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE.
Think Capital Services UK Ltd is registered in the United Kingdom, Company number 11054653. Registered address: Hana, 4th Floor, 70 St Mary Axe, London, EC3A 8BE
The information on this site is not directed to residents of the United States, Canada, the European Union, Australia, United Kingdom and Japan and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.