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ThinkMarkets Review & Rating [yyyy]

ThinkMarkets Review & Rating 2022

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ThinkMarkets is a global trading and investment company. It offers a wide range of products and services to individual and institutional investors. These products and services include:

  • Trading in forex, CFDs, and commodities
  • Investment products such as managed accounts and investment funds
  • Online education and trading tools
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ThinkMarkets has a strong focus on providing its clients with a high-quality trading experience. It has a team of experienced professionals who are dedicated to providing the best possible service. The company also offers a wide range of educational resources to help traders learn about the markets and improve their trading skills.

So, let's do a ThinkMarkets review to know about all of its features and benefits that are going to help you to become better traders and choose the best trading platform. It's going to be a neutral review. AtoZ Markets is in no way responsible for any opinions made by the Writer.

Overview

Company
7/10
Trust
8/10
Trading Platform
8/10
Account Types
6/10
Costs
7/10
Customer Support
7/10
Regulation
8/10
Cryptocurrency
7/10

Company

7 /10

Products Details of ThinkMarkets

Forex

ThinkMarkets is a regulated forex broker that offers a wide range of trading platforms and instruments to trade. The company is based in the United Kingdom and regulated by the Financial Conduct Authority (FCA).

A ThinkMarkets forex platform is a good option for traders who are looking for a broker that offers a wide range of features and tools. The ThinkMarkets platform offers traders access to over 60 currency pairs, as well as a variety of other assets such as stocks, indices, and commodities.

The ThinkMarkets platform is also easy to use and offers a wide range of order types and tools that can be used to help traders manage their risk. The ThinkMarkets platform also offers a variety of educational resources that can be used to help traders learn about the forex market and how to trade.

Share CFDs

ThinkMarkets offers a range of CFDs on shares from some of the world's leading stock exchanges. For trading CFDs, you can have the following shares:

  • AstraZeneca
  • BHP Billiton
  • BP
  • China Mobile
  • China Telecom
  • Facebook
  • HSBC
  • IBM
  • Intel
  • JP Morgan
  • Microsoft
  • Nokia
  • Oracle
  • Samsung
  • SAP
  • Sony
  • Toyota
  • Twitter
  • Vodafone
  • Yahoo

CFDs

ThinkMarkets offers a wide range of CFDs on over 2,000 underlying assets, including forex, commodities, stocks, indices, and ETFs. The company also offers a range of trading platforms, including a web-based platform, a desktop platform, and a mobile app.

Indices

Their indices are based on a range of underlying assets, including stocks, commodities, and currencies, and are quoted in both US dollars and euros. Also, they offer a wide range of indices, including the S&P 500, the FTSE 100, the Euro Stoxx 50, and the Nikkei 225.

They offer a number of different indices products, including:

Indices Futures: A tradable contract that reflects the performance of an underlying index.

Indices CFDs: A contract that reflects the performance of an underlying index and can be traded on margin.

Indices Spread Betting: A contract that reflects the performance of an underlying index and can be traded on margin.

Precious Metals

ThinkMarkets offers a comprehensive range of precious metals products which include Gold, Silver, Platinum, and Palladium. Our products are listed on the London Bullion Market Association (LBMA) Good Delivery List, which is the global benchmark for the quality of gold and silver bullion.

Commodities

The commodities market is a global market for the trading of commodities, such as metals, oil, and agricultural products. Traders can access the commodities market through our range of commodities products.

Pros and cons of ThinkMarkets

Compared to the others, ThinkMarkets has better pros and minimum cons. That may attract you to choose it as your trading platform.

Pros

  • Excellent customer service
  • Wide range of products and services
  • Low spreads and commissions
  • Wide range of platforms
  • Demo accounts
  • Educational resources
  • 24/5 support
  • Regulation and security

Cons

  • They charged commission on the ThinkZero account though spreads is low
  • Doesn't accept customers from US.

ThinkMarkets review: Educational Resources

ThinkMarkets education

ThinkMarkets strives to provide traders with the resources they need to be successful. The education center is packed with information on a variety of topics, from beginner to advanced. You can find articles, videos, webinars, and more to help you hone your skills.

There is also a Trading Academy, which provides in-depth courses on a variety of subjects. These courses are taught by experienced traders who share their wisdom and strategies.

The blog section is also a great resource, with regular posts on a range of topics. You can find information on everything from technical analysis to economic indicators. The blog is written by experienced traders and analysts who share their insights and tips.

ThinkMarkets is committed to providing traders with the resources they need to be successful. The education center is packed with information on a variety of topics, from beginner to advanced. You can find articles, videos, webinars, and more to help you hone your skills.

There is also a Trading Academy, which provides in-depth courses on a variety of subjects. These courses are taught by experienced traders who share their wisdom and strategies.

The blog section is also a great resource, with regular posts on a range of topics. You can find information on everything from technical analysis to economic indicators. The blog is written by experienced traders and analysts who share their insights and tips.

Trust

8 /10

Is ThinkMarkets Trusted?

Is ThinkMarkets trusted?

Yes, you can trust ThinkMarkets with your money.

thinkMarkets is one of the world's leading online brokers, with over two million customers in more than 100 countries. The company has been providing online trading services since 2003 and is a regulated and licensed broker in the UK, Australia, and Canada.

thinkMarkets offers a wide range of products and services, including CFDs, forex, commodities, and indices. The company has a strong reputation for providing quality products and services and offers a variety of features and tools to help traders succeed.

thinkMarkets is also a member of the Financial Services Compensation Scheme (FSCS) in the UK, which means that customer funds are protected up to £50,000 per customer in the event of broker bankruptcy.

Overall, ThinkMarkets is a reliable, regulated, and well-respected online broker that can be trusted with your money.

Is this a scam?

Is it reliable?

ThinkMarkets is controlled by the most strict regulatory and authorization authorities such as the FSCA and FSAC. ThinkMarkets focuses on keeping client money firmly secured in a separable bank account with top banking giants such as Barclays. Those requirements are accompanied by protocols allowing ThinkMarkets to no further use of the clients' money for operations or other reasons. ThinkMarkets is currently a member of UKFSCS providing clients with extra security should ThinkMarkets have to be declared insolvable.

Trading Platform

8 /10

ThinkMarkets is a Forex and CFD broker that offers traders access to a variety of trading platforms, including the popular MetaTrader 4, MetaTrade 5, and ThinkTrader.

The MetaTrader 4 platform is the most popular platform offered by ThinkMarkets and is available for both desktop and mobile devices.

And, the MetaTrader 5 is the advanced and one step upgraded version of the MT4 platform that allows you to do better trading. It offers 21 timeframes, 6 pending order types, hedging and noting options.

Finally, the ThinkTrader is their own trading platform that you can access from desktop or mobile. It contains powerful analysis tools, multi login, and other useful features that are going to give you better trading experience.

ThinkMarkets Review: Trading Experience

ThinkMarkets trading platforms

image credit: ThinkMarkets

The ThinkMarkets experience is one that is tailored to traders of all levels of experience. The website is easy to navigate, and the trading platform is user-friendly. There are a variety of tools and features available to help traders make informed and timely decisions.

Desktop Trading Platforms

The ThinkMarkets Trading Platform desktop layout is very clear and easy to navigate. The features and tools are what you would expect from a top-tier broker, and they are all easy to find and use.

The layout is very customizable, so you can set it up the way you like it. You can also change the colors to match your own preferences.

The platform has all the features you need to trade effectively, including charting, indicators, and order management. The charting package is excellent, with a wide range of studies and drawing tools.

The order management tools are also very good, with a variety of order types and limits. You can also easily manage your positions and risk using the built-in risk management tools.

The platform also has a wide range of built-in indicators, so you can easily find the indicators you need to trade effectively.

The platform is also very stable and reliable, so you can be confident that your trades will execute correctly.

Overall, the ThinkMarkets Trading Platform desktop is an excellent platform that provides everything you need to trade effectively. It is easy to use and has a wide range of features and tools. It is also better at trading fees.

Mobile Trading Apps

Mobile app

image credit: ThinkMarkets

The ThinkMarkets mobile app is a professional and high-quality trading experience that is designed for mobile devices. The app is sleek, easy-to-use, and provides traders with all the features they need to trade on the go. The app offers a wide range of features, including:

- Trading charts: The app offers a wide range of trading charts, including bar, line, OHLC, and candlestick charts.

- Trading indicators: The app offers a range of trading indicators, including RSI, MACD, Stochastic, Bollinger Bands, and more.

- Trade tickets: The app offers a range of trade tickets, including market, limit, and stop orders.

- Positions and orders: The app offers a range of positions and orders, including open positions, closed positions, orders, and trade history.

- Market data: The app offers a range of market data, including live prices, bid and offer prices, and market depth.

- The ThinkMarkets mobile app is a high-quality, professional, and easy-to-use trading experience that provides traders with all the features they need to trade on the go.

Account Types

6 /10

ThinkMarkets offers traders a choice of two trading accounts, a standard account, and a VIP account. The standard account has a minimum deposit requirement of $200 and offers traders access to a variety of features, including a personal account manager, a daily market review, and weekly market analysis. The VIP account has a minimum deposit requirement of $10,000 and offers traders access to a variety of features, including a personal account manager, a daily market review, a weekly market analysis, and a personal trading coach.

In addition, you can have an Islamic account that complies with Sharia law and a joint account with two shareholders.

Cryptocurrency

7 /10

ThinkMarkets crypto

ThinkMarkets offers a Cryptocurrency product, which allows traders to speculate on the future price of Bitcoin, Ethereum, and Litecoin. The product allows traders to take both long and short positions and provides access to a range of order types, including limit and market orders.

Cryptocurrencies are traded on a number of different exchanges and can be bought and sold in a similar way to traditional currencies. As with other financial products, there is a risk of losing money when trading cryptocurrencies, and investors should ensure they understand the risks involved before trading.

Costs

7 /10

In terms of costs, ThinkMarkets is competitively priced when compared to other online brokers. The company does not charge commissions on trades and instead makes its money through the spreads it charges on the underlying markets. This can be positive or negative depending on the market conditions and the individual trader's strategy.

Minimum Deposits

When you are ready to start trading with ThinkMarkets, you will need to make a minimum deposit. The minimum deposit amount varies depending on your account type but is always a minimum of $100.

Making a deposit is easy. You can use a range of payment methods, including credit or debit cards, bank transfers, or e-wallet. Once your deposit is complete, you can start trading immediately.

Withdrawal Fees

There are no withdrawal fees for standard bank transfers and no fees for withdrawals of $10,000 or more. For withdrawals of less than $10,000, we charge a flat fee of $50.

Generally, withdrawals will take between 1-3 business days to be processed, although this may vary depending on the bank.

Inactivity Fees

ThinkMarkets charges inactivity fees on accounts that have not been accessed in the past 12 months. This is a common policy among online brokers, as it is costly to maintain an account that is not being used. The good news is that there are no account minimums or maintenance fees at ThinkMarkets.

ThinkMarkets does not offer in-house research, but it does have a comprehensive education center that covers a variety of topics, from basic investing concepts to more advanced strategies. The center also includes a section on forex trading, which is a plus for traders who are looking to expand their repertoire.

Spreads & Commissions

Think markets are extremely high in the market for trade fees. Spread is variable from zero pip. Average spread on Think Zero accounts on major X pairs such as GBP/USD are 0.75 pips. With this spread account, ThinkZero charges for 100,000 spreads per side and its cost is $3.5 per side. These commissions are applicable only for Forex and metals. ThinkZero accounts may exist in MetaTrader 4 and MetaTrader 5. Think Market charges inactivity fees. Traders should find no swap rates.

Customer Support

7 /10

ThinkMarkets customer support

The customer support service at ThinkMarkets is exemplary. The support team is available 24/5, and they are always willing to help. The support team is knowledgeable, and they always provide accurate and timely information. The support team is also very friendly, and they always make sure that the customer is satisfied. Overall, the customer support service at ThinkMarkets is excellent, and it is definitely one of the best in the industry.

Regulation

8 /10

Is ThinkMarkets Well Regulated?

ThinkMarkets regulations

ThinkMarkets is registered with the FCA in the United Kingdom, the ASIC in Australia, and the CFTC in the United States.

The FCA is the financial regulator in the United Kingdom. The ASIC is the financial regulator in Australia. The CFTC is the financial regulator in the United States.

ThinkMarkets is a regulated broker. This means that your money is safe with ThinkMarkets.

ThinkMarkets is also a member of the Financial Services Compensation Scheme (FSCS) in the United Kingdom. The FSCS is a government-backed scheme that protects your money if ThinkMarkets goes bust.

ThinkMarkets is also a member of the Australian Securities and Investments Commission (ASIC) compensation scheme. The ASIC compensation scheme protects your money if ThinkMarkets goes bust.

ThinkMarkets is also a member of the Commodity Futures Trading Commission (CFTC) compensation scheme. The CFTC compensation scheme protects your money if ThinkMarkets goes bust.

Conclusion

Who should use ThinkMarkets?

ThinkMarkets is a perfect platform for anyone looking for a reliable, fast, and intuitive trading experience. Whether you are a beginner or an experienced trader, we offer a wide range of products and services to suit your needs. Our award-winning trading platform is simple to use and provides you with all the features you need to trade successfully. Plus, our powerful analytical tools and market insights help you stay ahead of the competition.

All in all, ThinkMarkets is a great broker for those looking for a reliable, user-friendly trading experience compared to many other brokers. The platform is easy to navigate, and the customer service team is always available to help with any questions or concerns. The variety of trading options and tools makes it a great choice for both novice and experienced traders. So, if you're looking for a reliable, user-friendly broker with a wide range of trading options, ThinkMarkets is a great choice among so many forex brokers. It's also a great choice for advanced traders.

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