ThinkMarkets Review 2024 Expert Verdict With Info On Fees & Spreads

think markets review

Both intermediate and experienced traders can use thinkMarkets’ education materials. The broker has numerous articles and trading guides to assist traders in understanding the fundamentals of trading and possessing adequate knowledge of the working of the platforms. A ThinkZero account unlocks loads of institutional benefits and allows you to trade with minimal or zero spreads between the bid and ask price. You will however be charged a commission of $3.5 per side (100,000) when trading FX and metals.

think markets review

Comparing ThinkMarkets fees with other brokers

think markets review

It also deploys four in-house analysts who produce high-quality market commentary and trading ideas under the Market News section. Readers can filter the information based on markets, categories, and authors. It also includes a market sentiment indicator based on client positions. Alongside a basic Economic Calendar, ThinkMarkets has a Market News section featuring a stream of market analysis. This analysis is updated every few days and is of high quality, though we would like to see daily market updates across the major pairs. In this section, you can also find a Sentiment Indicator for the major pairs and links to the ThinkMarkets Twitter account, though at the time of writing this seems to have not been updated in some time.

Client Support

think markets review

I recommend using their sources to improve your knowledge in trading. He is very prompt as a point of contact to resolve any issues via email. ThinkMarkets offers and accepts payments through a good variety of methods including bank transfers, debit/credit cards, electronic payment services, and cryptocurrencies.

ForexPeaceArmy Users’ Reviews About ThinkMarkets

We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available.

ThinkMarkets is a well-regulated broker with extensive tools for market analysis and access to educational material for beginner traders. The broker provides great customer support that is available 24/7, and traders have access to trading various asset classes through MetaTrader 4, MetaTrader 5, and ThinkTrader. ThinkMarkets offers access to mobile versions of MetaTrader 4, MetaTrader5, and ThinkTrader.

The ten trading guides, split into three sections, deliver the best value and are an excellent starting point for new traders. The MT4 tips and tricks article offers new traders a quick overview of helpful shortcuts. Adding value is the introduction to technical analysis, complemented by the indicators and chart patterns section. ThinkMarkets also hosts live webinars for an interactive experience. The overall educational section provides more in-depth value than many competitors.

ThinkMarkets became the official global trading partner of Liverpool FC in 2021. The company maintains its no frills no hassles order placement and https://traderoom.info/think-markets-introduction/ fills. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

  1. Overall, ThinkMarkets provides a broader range of tradable instruments than most other brokers, which should leave most professional traders satisfied.
  2. You can drag any area on any chart to see how many pips or points it equates to in real-time.
  3. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money.
  4. The broker operates in various regions of the world, not limited to the United Kingdom, Europe, and Australia.
  5. We have over 20 years of experience when it comes to trading online so we know what to look for.
  6. Charting no doubt is an essential component of trading, and it’s what makes a trading platform superior.

When trading metals, pricing starts from 25 cents and CFDs 0.4 points. When trading Forex and CFDs with ThinkMarkets, customers can choose from a Standard Account type or a ThinkZero, ECN-style account. Standard account holders trade wider spreads yet pay no commission fees, while ThinkZero account holders gain access to tighter spreads while incurring flat-rate commission fees for FX and Metals. 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). She has a degree in Digital Marketing and a background in content writing and SEO.

Clients of ThinkMarkets can transfer funds using bank wire, e-wallets, and cryptocurrencies. When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are. ThinkMarkets earned a perfect score in the Customer Support category. It offers 24/7 support, with offices in London, Melbourne, Johannesburg, and Tokyo. The support team can be reached over the phone, via email, or via live chat. Regarding CFD shares, in particular, clients of the broker are allowed to trade on global markets – from the U.S. and Europe to Hong Kong.

The commission-based ThinkZero Account requires $500 or a currency equivalent. ThinkMarkets does not offer a wide range of deposit and withdrawal options, but the choices will be sufficient for most traders. The bulk of research at ThinkMarkets comes from Autochartist and Trading Central.

At ThinkMarkets, clients have access to both hard and soft commodities, numbering 13+. On ThinkMarkets, 25+ cryptocurrencies are available to trade and are quoted in the US Dollar. Users will be able to speculate on value increases or decrease in their respective preferred cryptocurrency.

With this type of trading, you can copy the trades of other successful traders. Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource https://traderoom.info/ for both customers and industry colleagues. There are enough products, good trading, good supportsI had problems with the withdrawal, and the support was very enthusiastic. Stay up to date with breaking market news, important economic events, and regular week ahead analysis. The instruments shown are for indication purposes only and are CFDs (contracts for difference) not physical instruments.

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