|Min. Deposit||250 $|
|Leverage||1:1, 10:1, 50:1, 100:1|
|Trade Lot||0.01, 0.1, 1|
|Digits after the dot||5|
|Trading instruments||Forex, Metals, Indices, Commodities, CFDs|
|Credit Card, Wire transfer, Skrill|
|Accept US traders|
Bonus – for more info send request through the contact form
ThinkForex Rebrands to ThinkMarkets
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ThinkMarkets is a rebranded forex broker, formerly known as ThinkForex. Despite the change in the brand name, ThinkMarkets operates under the same company, TF Global Markets, registered in Australia and the UK, licensed by both the ASIC and the FCA in Australia and UK respectively. Under its former name, ThinkMarkets already earned a good reputation as a non-dealing desk broker and the new brand covers a wider range of financial markets including Forex, CFD trading and newly introduced spread betting (which is tax free for UK residents).
ThinkMarkets offers trading platforms which are ThinkTrader and the MT4 trading platform. Both the trading platforms are compatible across Windows and MAC as well as mobile trading apps, supported on both Android and iOS. The ThinkTrader trading platform is a multi-asset trading platform that is a proprietary trading platform allowing traders to trade on any type of market, from Forex to spread betting and CFD trading. Traders can trade on various instruments including indices, precious metals and energy CFDs, while spread betting includes a mix of forex, indices, precious metals and energy.
ThinkTrader – Trading Platform from ThinkMarkets.com
The ThinkTrader platform is very unique and first time traders on this platform will need a bit of getting used to. The trading platform features a wide range of markets and comes with additional features such as chart patterns scanner and one-click trading.
ThinkTrader – Platform Features
The ThinkTrader platform also features a wide choice of technical indicators that are built into the platform. It also features an inbuilt economic calendar as well as live Reuters news feed, which is available for traders who deposit 2000 USD or its equivalent. Traders can also access the ThinkMarkets blog which features commentary and views from the analysts.
A minimum deposit of 250 units is required to open a trading account with ThinkMarkets. Based on the initial deposit made, traders can choose between the Standard, Pro and VIP account types. Traders can deposit funds using a wide range of deposit methods ranging from Bank wire transfers to credit/debit cards and eWallet payment options including Skrill and Neteller. Accounts can be opened in AUD, EUR, CHF, GBP and USD base currencies. All accounts can choose up to 1:400 leverage on their trading accounts with the Pro account being commission based, at 6 units for a round trip lot.
|Lot Size||1.0 (100k)||1.0 (100k)||1.0 (100k)|
|Min. Lot Size||0.01 (1000)||0.01 (1000)||0.01 (1000)|
|Commission||N/A||3 Units per side||Negotiable|
|Trading Platform||MT4||MT4, ThinkTrader||MT4, ThinkTrader|
|Forex||0.8 pips||0.0 pips||0.0 pips|
|CFD||1 Point||0.05 Points||0.05 Points|
ThinkMarkets currently offers a 50% welcome deposit bonus of up to 250 USD or GBP. To claim the bonus, traders need to open their account and verify their credentials, following which a minimum deposit of 250 units is required. Once the initial deposit is made, the additional bonus of 150 USD or GBP is applied to the account. The maximum amount to claim the bonus for is 500 units, which entitles traders to 250 GBP or USD in the welcome bonus.
The bonus amount cannot be withdrawn until 30 standard lots are traded.
Overall, ThinkMarkets, with its rebranding brings about a refreshing change. Backed by reputable regulations and offering transparency in their dealing, ThinkMarkets offers traders a wide choice of markets to trade with, all priced competitively and with only a starting deposit of 250 units.
Now, everything seems OK with ThinkMarkets broker. “ProfitF team” will keep monitoring this broker and update this review if any changes take place.