The innovative TrendRisk Scanner will explore numerous assets and use risk management to give you real-time trading signals. You can drag any area on any chart to see how many pips or points it equates to in real-time. Overall, this is a solid trading platform but I still prefer MetaTrader as it comes with thousands of free and paid add-ons with almost limitless potential. ThinkMarkets offers a vast array of trading options, with 4,000 tradeable symbols, well above the industry average of 3,623 tradeable symbols. It only offers a smaller range of 46 forex pairs, however, compared to the industry average of 66. ThinkMarkets offers strong mobile trading applications, suitable for traders who need flexibility.
Issue with “Stop loss”; not triggered as ordered
It also has a very practical ‘TrendRisk’ Scanner that displays currently unfolding trading opportunities. Additionally, ThinkMarkets has one of the richest collections of educational materials covering the broad topic of technical analysis. For experienced traders looking for higher leverage and priority support, ThinkMarkets offers a Pro account. However, access to this account requires meeting certain wealth or experience criteria and undergoing necessary due diligence. In addition to that, 3,600+ tradable assets are available on its trading platform.
ThinkMarkets – Trading Conditions For Clients In United Kingdom
Most attention is given to the technical side of things, which has to do with examining price action behavior. When trading Contracts for Difference (CFDs), positions can https://traderoom.info/think-markets-introduction/ be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions.
The sign up process for my live account…
In case you have decided to open a live trading account with ThinkMarkets, this section is for you. Safety is one of the most important things to take into account when choosing a Forex broker. When you make a deposit, you entrust your funds to the broker, and therefore, you need to make sure in advance that the broker can be trusted.
This free service is available to all traders who trade at least 15 round turn lots on Forex in a calendar month. You can get a free vps from some other brokers including Switch Markets. Multiple payment options facilitate free deposits and withdrawals (except for a few payment methods that incur a fee). ThinkMarkets offers crypto trading with crypto payment options as well. In addition, ThinkMarkets does not require any minimum deposit for opening an account and does not charge an inactivity fee. When trading under a Standard Account type, traders face no commission fees besides the spread.
Does ThinkMarkets charge an inactivity fee?
The broker offers negative balance protection to stop clients from losing more than their deposits. With the ThinkZero spread account, there is a $3.5 commission per side of 100,000 (£2.5 units per side in the UK). This commission applies to FX and Metals only and ThinkZero accounts are available on MetaTrader 4 and MetaTrader 5 platforms. The platform promises fast trade execution, over 100 indicators, and one-click-trading.
For anyone looking for a reliable broker, I wholeheartedly recommend giving ThinkMarkets a try. ThinkMarkets is an established and licenced online broker https://traderoom.info/ that prioritises client protection. They use cutting-edge trading technology and offer innovative trading platforms to clients all around the world.
It is best suited for experienced traders who are comfortable navigating complex trading features and require access to a wide range of markets. Lastly, it is important to note that ThinkMarkets does not accept clients from the U.S. and Canada due to regulatory restrictions. As a ThinkZero account holder, traders gain access to ultra-tight, ECN-style spreads while paying flat-rate commission fees on FX and metals. Unlike the broker’s standard account with no minimum deposit needed, ThinkZero account holders need to deposit at least $500 or £500 to trade. Automated traders will likely opt for the industry-leading MT4 trading platform, which remains the most versatile choice due to its excellent infrastructure. With over 20,000 expert advisors (EAs) and custom indicators, many free of charge, it has been at the top of the retail industry since its launch more than 15 years ago.
Additionally, the competitive spreads offered by the broker ensure that traders can execute trades at favorable prices. The 24/7 client support team at ThinkMarkets is another standout feature. Traders can rely on prompt assistance whenever they encounter issues or have questions about their trading activities. The availability of multiple communication channels, including live chat, phone, and email, further enhances the overall user experience.
They can either be incurred or earned by a holder of a forex contract, meaning that the swap fees can be either positive or negative. If you are in the position of earning interest from the contract – it will be referred to as a positive swap. On the flip side, a negative swap is where the holder of the contract incurs interest on the contract.
There is a very high degree of risk involved in trading securities. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. When considering commissions and fees, ThinkMarkets is average, which might be a deciding factor for cost-sensitive traders. The average spread cost for the EUR/USD of 1.1 is slightly above the industry average of 1.08. There are 3 trading courses for beginner, intermediate and advanced traders covering all aspects of trading such as how to place trades, technical analysis and much more. FXWirePro is one of the leading news agencies that delivers real-time market news from thousands of trading professionals around the globe.
- Trading Central is a market leader in providing practical trading ideas and one of the best market analysis tools in my opinion, along with Autochartist.
- ThinkMarkets online share trading platform offers Australian share traders – from beginners to the most advanced – a variety of features and guidance in equity markets and Exchange Traded Funds (ETFs).
- I would always recommend trying a broker with a demo account at first.
- But licenses by different regulators do not always entail the same degree of protection.
- Please note ThinkMarkets does not provide CFD services to residents of the US.
ThinkMarkets’ ThinkZero Account is suitable for more experienced traders. Experienced traders tend to prefer accounts with higher minimum deposits and tighter spreads. The ThinkZero Account has a minimum deposit requirement of 500 USD, but spreads start at 0 pips on the EUR/USD in exchange for a reasonable commission of 7 USD (round turn).
CHESS (Clearing House Electronic Subregister System) sponsorship makes your share transactions safer because it gives you the legal ownership of your investments. When an organisation is CHESS sponsored your investments through it are tracked by the ASX under your personal name with reference to your Holder Identification Number (HIN). In contrast, when an organisation is not CHESS sponsored, and it runs into trouble, you may have a difficult time getting ownership of your shares and other investment assets.
Her technical knowledge is great and she helps me with every question I have. Also Alexander helped me when I had Some questions about the system. Especially appreciated was her patient cross checking with every possible problem that could have been the cause of my issue. Eventually she identified the issue and it was my own failure to correctly note the instructions. Think market have given me a call explained why my didn’t go through. I’ve applied for a withdrawal and will update when it comes my way.
An account manager is also made available to these account holders allowing them to get greater returns on their investments. This is a powerful risk management tool available on the platform which is designed to constantly scan the markets for you for any possible tempting trading offers. The sophisticated algorithm sifts the data and lists trading ideas in terms of risk and reward rations, along with expected target prices. The desktop-trading platform has been designed to make trading easier and hassle-free for traders with varying levels of experience. Features like custom charts, automatic alerts, and economic calendars simplify the process of trading. ThinkMarkets has a relatively simple fee structure that is dependent on the type of account you have.
