Formerly known as ThinkForex since 2010, this broker was rebranded to ThinkMarkets and is growing to become one of the reputable brokers dominating the southern hemisphere. Both the former brand and the new one are owned and run by TF Global Markets, having headquarters in London and Melbourne and hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America.
They are licensed and recognized by regulatory bodies which includes Australian Securities and Investment Commission (ASIC) in Australia, Financial Conduct Authority (FCA) in UK and FSCA who audits them annually and as well receives their financial reports. However, Thinkmarket is not publicly traded and operates no bank. They have gained the trust of clients through provision of insurance that covers up to $1,000,000 for the protection as well as the compensation of their rights as investors.
TF Global Markets (UK) Limited – regulated by the Financial Conduct Authority, FRN 629628. Registered address: 4th Floor, 30 City Road, London EC1Y 2AY. Company number: 09042646.
TF Global Markets (Aust) Limited – Australian Financial Services Licence number 424700. Registered address: Level 18, 357 Collins St, Melbourne VIC 3000 Australia. ABN: 69158361561.
TF Global Markets (South Africa) Pty Ltd – Authorised Financial Services Provider (FSP No 49835). Registered address: 4th Floor, 96 Rivonia Road, Sandton, 2196. Registration number 2017/098181/07.
Think Capital Limited – registered in Bermuda, Company number: 51879. Registered address: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda.
TFG (Payments) Limited – United Kingdom company: number 10537331. Registered address: 4th Floor, 30 City Road, London EC1Y 2AY.
ThinkMarkets provides a platform for clients and traders access to 38 currency pairs on forex, up to 200 CFDs among these are nine crypto CFDs. Clients can trade commodities, indices, futures and more with amazing marketing conditions which are offered in their account types.
ThinkMarkets Account Types
All account types on ThinkMarket offers competitive spreads as tight as 0.4 pips. Opening account may require certain documentation and identification depending on the account type. The individual and joint accounts require proof of residence of which you can use phone bills, or a bank statement that is current for clarification. The corporate account type follows the same requirements and certificate and articles of incorporation for your company’s information.
Standard account type
The standard account offers product forex spreads from 0.4 pips with an average FX spread of 1.2 pips, no commissions, 0.4 points for CFD’s and 25 points start points for Metals.
The standard account also offers a minimum operating balance od zero, a lot size of 1.0, minimum leverage of 500:1 for 50 tradable lots.
Think Zero Account
Think zero account type offers spreads from 0 pips, 8 cents for metals, 0.4 points for CFD’s all with a commission of $3.5 per side which is not applicable to the CFD’s. The minimum balance for the think zero account type is 500 and you can trade with a maximum leverage of 500:1. The maximum tradable size is 100 lots even though XAUUSDx and XAGUSDx remain at 10.
ThinkMarkets offers two different platforms for which you can trade; the include a trade interceptor platform that is only available on the desktop and then the MetaTrader 4. The inceptor software is quite efficient and low in memory capacity when compared to the trading platforms provided by other forex brokers. Thus, the platform embodies a balanced user interface that is not too simplified or overly complex.
The platform also offers optimal charting experience that is equipped with up to 12 indicators, 54 drawing tools and icons and up to 12 chart types to help your trading experience.
The metatrader 4 offers technical and analytical tools placed on a customizable interface that makes it easier and preferred by most clients. Traders who deposit at least $2000 can always use the VPS available on the platform for free. But if you cannot make that cut, then you will be charged $95/month for the VPS service.
The amazing experience continues seamlessly unto the mobile trading platform. The mobile platform supports with good features those who trade forex and CFDs. There are 11 different chart types as well as 102 indicators and 57 drawing tools which is almost same as the desktop version. You can set the features of the platform to suit your needs. With its high flexibility, you could even adjust your charts to suit your needs in market analysis.
ThinkMarkets allows payment through the following means: Bitcoin, skrill, Neteller, Bank Wire and electronic cards.
Withdrawals on ThinkMarkets does not support third party withdrawal. This means that if you deposited your money through a source, it will be sent back to the same source during the withdrawal. In case there is a problem with returning the money to the source, the funds will be returned via wire transfer to the name of the account holder. There are not withdrawal fees on ThinkMarkets .
Promotions and Training
Thinkmarket offers lucrative promotions on a regular basis, they also have programs that will engage their clients including access to FX University especially for beginner forex traders and an advanced segment for advanced traders. The tuition for the FX University is free of charge including its webinars that cover topics on different areas on weekly basis.
Trading on ThinkMarkets is a welcome choice. They joined the market trend for cryptocurrency on 2017. But it is note worthy to know that these cryptocurrency CFD contracts expire on weekly basis and may not be favorable for a long term investor.