ThinkMarkets Review: UK Edition 2024

think markets review

I regularly withdraw fund from ThinkMarkets and never faced any single problem. Most important thing is that here I can live chat 24/7 which is very rare in other brokers. Many users claimed to have lost thousands and millions due to technical errors on the platform and because of a lack of regulation, with multiple instances of accounts being frozen for no apparent reason. For its non-English users, ThinkMarkets offers 15 different languages ranging from Spanish to Greek to expand the reach of its trading platform.

WITHDRAWALS FRUSTRATED

Trading carries a high level of risk and may not be suitable for all investors. ThinkMarkets usually processes withdrawal requests within 24 hours, though it may take between 1 and 7 business days for the funds to be transferred. At the time of our review, we checked one such suggestion – on the hourly GBPJPY chart – and found it quite compelling. It forecasted a reversal from a previous resistance level, which is quite common.

What types of accounts can I open with ThinkMarkets?

Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team. Based on our extensive research, ThinkMarkets comes across as a solid choice for traders looking to engage in forex and CFD trading. Its comprehensive offerings and regulatory stance position it well within the industry.

All reviews

think markets review

Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. A choice of trading platforms, thousands of instruments, and low fees make the group suitable for beginners and veterans.

2 Products with instant approval have a provisional decision within 60 seconds. The credit provider’s final decision is made at their discretion, subject to decisioning criteria. Some of the products and services listed on our website are from partners who compensate us. This may influence which products we compare and the pages they are listed on. There is no shortage of alternatives to ThinkMarkets, with both domestic and international brokers. ThinkMarkets became Liverpool FC’s official global trading partner in 2021.

  1. ThinkMarkets offers a number of useful trading tools, including Trading Central, a VPS service, and the Zulutrade app for social trading.
  2. Deepen your knowledge of technical analysis indicators and hone your skills as a trader.
  3. What is also worth pointing out is that there are no major discrepancies in the recorded spreads between the AM and PM sessions.
  4. Furthermore, ThinkMarkets employs robust risk management systems and procedures to monitor and mitigate potential risks.

Deposit & Withdrawal Methods

For clients whose assets exceed the FSCS’s threshold, ThinkMarkets offers its clients Excess of FSCS Insurance. This product, which comes with no additional charges, covers funds up to £1,000,000 for each individual client. Clients do not even have to apply for it, simply opening a live account with them qualifies them for greater protection under the Excess of FSCS Insurance policy.

The broker has myriads of assets available to diversify your portfolio, including forex, cryptocurrencies, stocks, and many more. Educational articles on the website and video tutorials on the official YouTube page are designed to address issues plaguing both beginners and experts in this field. ThinkMarkets is overseen by top-tier regulatory bodies such as the FCA in the UK, and ASIC in Australia. With tier-1 oversight, ThinkMarkets is considered a safe broker with strong investor protection policies. You can view our best Australian forex brokers and the top UK forex brokers to see how the broker compares to the category leaders. Equinix’s LD5 centre is located 11 miles from the centre of London and is where over 1000 exchanges, companies and liquidity providers operate.

You will be able to open a demo account or a live account from that option. ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. Note, the demo account on MT4 / MT5 will expire after 90 days of inactivity. ThinkMarkets offers a demo account with $/£25,000 in virtual cash. If you have experience trading with ThinkMarkets please share your personal review of the broker and what you think are strong and weak points. This average customer rating is based on 1 ThinkMarkets customer reviews submitted by our visitors.

And most importantly, price action is illustrated clearly and with attention to detail, affording traders a penetrating outlook into price action behavior. ThinkMarkets https://traderoom.info/ does not charge a handling fee for deposits and withdrawals. ThinkMarkets is also quite thorough when it comes to presenting readily available information.

Mr MathisI’m very sorry to hear of your experience and hope we may assist to you in receiving an agreeable outcome. What is certain is that around €1,800 is missing in 2 years of activity, and I have already submitted a Trade Investigation Form awaiting a response. For me, what they are doing is pure fraud, but I am waiting for the results. Find out the latest trading insights shared by our in-house market analysts. Capitalise on shares whether the stock market is rising or falling.

think markets review

For this very reason, the account type is ideal for active traders such as intraday traders, scalpers, high-frequency traders, and algorithmic traders. On the other hand, traders are charged with 7 USD commissions per traded lot round turn. In addition, account holders get account managers from the broker’s end to guide them. Only MetaTrader 4 and MetaTrader 5 platforms are available https://traderoom.info/think-markets-introduction/ on the ThinkZero account. ThinkMarkets offers Autochartist, a strong pattern identification programme that may augment your technical analysis activity for quick and effective market analysis across various instruments. Autochartist can notify you when fresh possible trading opportunities are discovered and may be configured to search based on your own trading approach.

This is because each ThinkMarkets subsidiary is overseen by a different regulatory body. The support agent was very helpful and patient and very kind and she make sure that everything is working 100% well, I really appreciate her help and her kindness . Access all major US and global indices to diversify your portfolio.

On the other hand, the broker charges traders with inactivity fees. After the verification is completed, it’s time to verify your account. Having verified accounts enables traders to withdraw funds from their trading accounts freely. This provides actionable trading signals directly into the broker’s platforms. Traders can receive up to 40 signals each day spanning popular financial markets, including forex, equities, commodities and indices. Additionally, ThinkMarkets bolstered its ThinkTrader platform in 2024 by introducing spread betting on popular markets, including currencies, stock indices, metals and energies.

Leave a Comment

Your email address will not be published. Required fields are marked *