ThinkMarkets Review – Is Think Markets Scam or Legit? (Complete Thinkmarkets.com review)
ThinkMarkets Review
Since 2010, ThinkMarkets has been a reliable broker. ThinkMarkets trading platform has main hubs in many places, such as Australia, Japan, South Africa, and the UK. ThinkMarkets’ Forex/CFD trading services are ideally suited to their international clientele.
Think Markets trading platform keeps customer money separate from company money. The broker’s $1,000,000 in separate bankruptcy insurance is the finest protection you can get. Traders seeking a reliable multi-asset broker may rest easy with ThinkMarkets.com trading platform. It has dozens of other attractive features as ell that are explained in this ThinkMarkets review.
Trading Platform
Thanks to a trading platform, you may purchase or sell instruments with only a few buttons on your mobile device. You can make more money using the analytical tools often included in the price chart to make well-thought-out trades.
More than 20k expert advisors and customized indicators are available for MT4, many of which are free of any charges. The platform generally has positive user evaluations, promising stability, and solid infrastructure. The most advanced MetaTrader 5 platform also has many useful features experienced traders will find very useful.
Trading Products
ASX and Chi-X listed shares are available for trading on the Cash Equities platform. Currency for Difference (CFD) is a financial contract that pays the trader the spread between the settlement price at the time of opening and closing a deal. With them, you may speculate on the short-term movement of stock prices. Commodity and foreign currency (FX) CFDs are particularly common.
Exchange-Traded Funds (ETFs) are a type of investment vehicle that trades on stock exchanges and can contain a variety of assets, including stocks, commodities, and bonds. ThinkMarkets.com broker is where you may engage in exchange-traded fund (ETF) trading. Forex, precious metals and cryptocurrencies are other trading commodities on ThinkMarkets platforms.
Education and Research
At ThinkMarkets, Trading Central and Autochartist provide most of the company’s market research. In addition, it uses five in-house analysts who contribute insightful market analysis and trading recommendations to the News portion of the website. Readers may filter the news depending on markets, classifications, and authors. The platform also features a market mood indicator that is based on customer positions.
Deposits and Withdrawals
Think Markets broker accepts wire transfers, credit/debit cards, Neteller, Skrill, and BitPay. It’s not the most extensive collection, but it should be plenty for most traders. Processing durations range from immediate to three working days with no deposit costs.
ThinkMarkets broker handles free withdrawals within 24 hours, although third-party fees may apply. Wire transfers cost $25 and need a $100 minimum. ThinkMarkets may prohibit withdrawals from trading accounts with low activity or a negative balance.
Data Privacy
ThinkMarkets is responsible for safeguarding the privacy of any personal information obtained. It also has to keep private and safe the personal and financial information of its customers. The company has taken measurable steps to keep your information private, secure, and accurate to serve you better.
Customer Support Services
Do you have some questions or concerns about ThinkMarkets? If so, contact ThinkMarkets’ help desk for the answers you need. Information about its customer service is outlined below.
Traders can contact the service by e-mail, phone, or the most time-efficient method, live chat, around the clock. A frequently asked questions (FAQ) section covers the basics and answers common inquiries visitors have. Most traders won’t need help, but it’s easy to get in touch with someone quickly if needed.
ThinkMarkets Pros and Cons
- Pros
Trading spreads as low as 0 pips
Standard Account requires no opening balance
Licensed in jurisdictions where Forex brokering is heavily regulated
ThinkMarkets is a social trading website where users may copy the transactions of other users that they consider successful
- Cons
Lack of cent accounts.
There are no customer incentive programs, competitions, or other kinds of marketing run by this company
The trading terminals frequently become inactive.
Final Verdict
If you’re a trader who wants to save money on brokerage fees and other transaction fees, then the ThinkMarkets platform is for you. MetaTrader 4 and MetaTrader 5 platforms are user-friendly and straightforward, regardless of your level of trading experience.
Trading may be done on the move using a mobile app or from any computer with an internet connection and no special software installed. For convenience, trading may be done on both desktops and tablets with only one login.
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