ThinkMarkets Broker Review
The head office of Thinkmarkets in Australia & with offices is in New Zealand. The ThinkMarkets is dynamic company which arrogances itself on the high technological skills, manifold product, no counter dealing and high liquidity.
Evaluating their management, the trade experiences, product offering as well as trade implementations revealed as below:
The ThindForex CapitalMarkets Limited is a fiscal trading brokerage company in New Zealand as we can read in Thinkmarkets Review.
Thinkmarkets was established by the group of professional fiscal traders in year 2010. They provide fiscal trading of precious metals, CFDs and currencies.
Credentials and thinkforex Regulation
The Thinkmarkets is totally regulated broker by a Fiscal Services Provider with license # FSP52861 which offered by FSPR based in New Zealand.
They’re as well regulated by FSCL. They’re completely registered with ASIC and AFSL number 424700.
In dispute case, the trader may file the complaint with FOS that is Australia’s official external dispute key body as well as of which the Thinkmarkets is the member of.
Prize / Award
In year 2013, the Thinkmarkets was prized the BestBroker in Australia by the World Finance. In year 2012, they have BestServices Award by United Kingdom Forex Awards as well as Fastest Growing Fx Award at MENA awards of forex.
The firm of brokerage as well got the nomination to MoneyAmAm Prize in Best Forex Provide (online) category. In year 2011, the IB times awarded the brokerage company the award in the category of Best MiddleEast Fx Broker.
At the present, the Thinkmarkets provides a ten percent bonus deposit on whole accounts, whether the new or else already existing. Whole accounts with least deposit amount of 2,000$ as well have a totally free host of VPS for their professional advisors.
Protection of Fund
The investment of customer funds regulated y strict codes number of 2001 Corps. Act that means they’re held in the bank trusts of Tier-1.
This include Commonwealth bank where such trust accounts held, which occurs to be biggest bank based in Australia with terms of the assets.
The Thinkmarkets offers five digits rating on whole its platforms of trading. One may use some style of trading, including scalping and hedging.
Every dealer who have minimum 2,000$ of account deposit gets a free hosting of VPS. They offer the STP, no counter desk as well as ECN trading.
It means that they don’t trade beside their clients, they don’t have the re-quotes, and they provide Tier-1 liquidity, in addition to offer the high speed execution for trade.
Few extra features which make the trading with a Thinkmarkets both these pleasurable and easy are:
a. Expert advisor instruments
b. No restrictions for trade
c. Fast fills
d. Less interbank spread
e. Low latency
f. No slippage
g. Unlimited income and stop loss
h. High speeds platform
The Thinkmarkets traders may trade on 3 major trading platforms, which are as follows:
A. MetaTrader 4
The most preferred trading platform which is obtainable for the traders of Thinkmarkets on their computers as well as mobile phone devices.
It’s perfect for the both professional traders as well as fresh traders with rapid trade execution & ease to use, intuitive interface.
B. MetaTrader 4 Pro
It’s an ideal platform for the trading for expert traders with top experience level.
C. SpeedTrader (Currenex)
It’s an ideal platform for the trading for those dealers with greater requirement for quick trade executions, for example, scalpers and hedgers.
It is simple-access platform which can be expediently accesses from every device that is web-enabled without any requirement to install and download the software programs.
This platform permits you to copy trades of expert traders to enhance their learning and profitability.
It is a platform which is web based and bused by the account managers for mange the multiple accounts efficiently.
Type of Accounts
The ThinForfex provides a gratis boundless practice account without risks. With least deposit of 250$ and offering utmost leverage ratio of 500:1, the ThindForex has following kinds of live accounts for forex trading:
i. Standard Account
The standard account needs a 250$ as a least opening balance as well as a least deal of 1.0 lot & least contract volume of 0.01. This account attracts least level leverage of 500:1 and without commissions.
ii. Pro Account
This account may be created with minimum deposit of 2,000$ and permits 1.0 lot of minimum trade and contract size of 1.01lot. Six units of commission is charged on such kind of account.
iii. Algo Account
This account may be opened with least balance of 25,000$ permitting least trade 1.0 and contract size is 0.01 minimum. This account attracts the levels of leverage upto 500:1.
iv. Islamic Account
Islamic account is interest-free as well as swap-free which adheres to the Islamic laws.
Withdrawals & Deposits
To either create the payments in you account of forex or else create withdrawals, you may use the following methods:
Traders on the platforms of Thinkmarkets enjoy high worth proactive twent-four hour client support 24/7.
Whereas, by doing such review, this was observed that the majority of the comments on forums of forex about Thinkmarkets got the comprehensive answer from their client support representatives.
They only have below twelve hours to have the reply by the address of their customer care of their emails, in addition to answer place on hold like traders who make contact them via phone are normally connected directly with their account manager.
The Thinkmarkets have convenient and easy account-opening procedure. You require to just upload your photo and the image of your utility bill or else your bank statement for the purpose of your address verification.
You may as well provide the same things later via email. They usually approve or decline your applications within twenty-four hours and permit upto four accounts for trading for all the traders.
Withdrawals of funds are simple and take hardly five working days.