ThinkMarkets Forex Broker Review

ThinkMarkets at a glance:

Regulation : Yes (FCA, ASIC)
Minimum Deposit : $250

Demo Account : Yes
USA : No
Mobile : Yes

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”

 

 

ThinkMarkets

 

 

General Overview

ThinkMarkets was established in 2010 and the original brand was ThinkForex, but as they expanded they rebranded themselves to ThinkMarkets in 2016.

ThinkMarkets have a very large education center for their clients. It is divided into a three learning levels, beginner, intermediate and advanced. On top of the learning levels, they offer webinars, trading guides and a glossary of terms related to trading. An economic calendar is also available on the website as well as AutoChartist, which is a popular market opportunity scanner.

ThinkMarkets offers four types of accounts to its clients. Standard, Pro, Islamic and Joint accounts. The AutoChartist market scanner is only available for Pro accounts. Joint accounts are shared accounts that can be operated by two or more individuals.

Assets Coverage

ThinkMarkets offers a broad range of markets to trade. You can freely select from over 38 currency pairs, 9 indices, 9 cryptocurrencies, metals, commodities, and over 125 shares. There is no doubt that everyone can trade something they are interested in.

Types of Platforms

ThinkMarkets provides their clients with powerful platforms that are optimized for mobile usage and packed with tools to support every trading style.

The clients can select from Trade Interceptor and MetaTrader 4 trading platforms. Both of the platforms are available for Windows and Mac computers, as well as iOS and Android devices. MetaTrader 4 can be also used on a browser, so you are not forced to download the software if you don’t want to.

Deposits and Withdrawals

Accepted payment methods to deposit and withdraw your funds from your ThinkMarkets account are Visa, Mastercard, Neteller, Skrill, BitPay and bank wire. Accepted currencies are AUD, EUR, CHF, GBP, USD, and Bitcoin. Depending on the method you deposit your funds, the transaction time can be instant or up to 3 business days.

Customer Service

Customer service is very helpful, fast and polite. ThinkMarkets customer service can be contacted via telephone, email and live chat. The customer service is available 24/6 making it quick for clients to get answers to their queries. The FAQ section is also a very good source of basic information about the common subjects.

Safety & Security

ThinkMarkets is authorized and regulated by FCA and they provide regular financial reports to the FCA. They are also registered with the ASIC and therefore they are part of the ASIC investor compensation scheme.

Client’s funds are also protected as they are stored in segregated bank accounts in carefully selected top-tier banks.

Awards

ThinkMarkets has won a lot of different awards for their services. The full list of awards is on their website and the most recent ones are listed below.

  • Best Forex Trading Experience 2017
  • Best Forex Innovation 2017

Verdict

ThinkMarkets is a broker which has been on the trading industry since 2010, but as they rebranded themselves from ThinkForex to ThinkMarkets, it might sound like a new broker. ThinkMarkets offers a great variety of assets to trade and different account types to fit the needs of different clients. The education material is very high-quality and there is a lot of it. All in all, ThinkMarkets is a reliable broker with a good reputation in the financial industry.

 

Start Trading with ThinkMarkets

 

 

“General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.”