Both FCA and ASIC are reputable watchdogs and they require strict rules to brokers who have their license. But no matter- when you register for a live account, you may select the country you are from but if it is not visible from the options, then you would be prohibited from registering. For MT4, you are at a luxury to pick and choose from all versions available, however, for their own platform you will not have access to the web version. The FAQ page states that the KYC verification process can take up to a maximum of two working days to be approved. Bear in mind this broker Compliance team do not operate 24/7, so you could be left in the lurch waiting for account approval if you register out of hours.
Support is available via phone, email and live chat and phone numbers are also available for the Australia, UK, Italy and Spain offices. ThinkMarkets have won several THINK MARKETS Review awards over the years for their services, highlights being Best Forex Trading Experience 2017 and Best Forex Trading Innovation 2017 at the UK Forex Awards.
Although its headquarters are based in London, there are offices in the Asia-Pacific, Middle East, North Africa, Europe and in South America. See out leverage section to see how much leverage is available for each CFD. To get the fastest trading execution speeds and reduce the chance of slippage ThinkMarkets THINK MARKETS Review uses the largest trading ecosystem available being Equinix trading servers. As every millisecond counts to get the bid and ask price your want, ThinkMarkets has two Equinix data centres located in London and Hong Kong. ThinkTrader allows spread betting with all its instruments except for cryptocurrency.
They feature attractive promotions and a bevy of useful educational material. Partner with ThinkMarkets today to access full consulting services, promotional materials and your own budgets.
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ThinkMarkets operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit. ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. The ThinkMarkets website is secured using industry-standard encryption protocols. Also, the MetaTrader platforms use a one-time-password to provide an additional layer of security.
The details of this account are not publicized on the site, however, when setting up an account the option is there should you wish to use it. If you are not able to accept or pay swaps due to your beliefs, you are able to open THINK MARKETS Review up an Islamic account that does not have overnight swaps. You will need to get in touch with ThinkMarkets for them to set this up for you. The majority of the options that come with it are similar to the above two accounts.
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The MT4 system also comes with a host of superb apps and additional features, including AutoChartist, a VPS, and FXWirePro. The broker is regulated by THINK MARKETS Review the Australian Securities & Investments Commission , the UK’s Financial Conduct Authority , and South Africa’s Financial Services Conduct Authority .
We take money related complaints seriously and resolution is fast, in the cases where the issue is valid. Good trading platform, made good profits with my freelance manager and I’m happy.
Again the platform was clunky and by this time covid was having a real impact and we were on lockdown. I had no money coming in from work so I attempted to withdraw, they told me I hadn’t used enough and they would fine mye over 5% of my balance if I withdrew . I placed my first trade using my entire margin and closed the trade some hours later. I hate there platform it was very clunky and the spreads were gigantic. The brokers is working perfect for me.No withdrawals delay the support team is on point.
- Fortunately, ThinkMarkets offers a few very reliable mobile trading options for its customers.
- In addition to this platform, however, the broker also offers the classic MetaTrader 4 and MetaTrader 5 platforms.
- It is very important that brokers offer satisfactory mobile trading options.
- As traders go about their day, they are not always able to access a computer, and just a few seconds can make a huge difference in the world of trading.
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Overall, we’re satisfied the broker is highly regulated and trustworthy. For security reasons, the withdrawal and deposit method must be the same. Withdrawals are normally processed within 24 hours but may take up to seven working days. Spreads start from zero pips while average spreads on major FX pairs, such as the EUR/USD and GBP/USD, are 0.5 pips and 1.2 pips respectively. The platform promises fast trade execution, over 100 indicators, and one-click-trading.
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Before deciding to invest in foreign exchange, or any kind of trading you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. ForexFraud.com is an affiliate partner with various brokers and may be compensated for referred Traders.
Our personal experience of trading with ThinkMarkets was very good. A stop-loss order is an order placed with a broker like ThinkMarkets to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position. Try creating two accounts when you are working with ThinkMarkets. One is the real account, with your real money and the other is your demo account.
ThinkMarkets is regulated by Financial Conduct Authority , Australian Securities and Investment Commission so can be considered legit. ThinkMarkets did not impress me that much- they are pretty standard and offer very minimalistic https://traderoom.info/ trading conditions for their clients. In a nutshell, low leverage, average spreads and satisfactory customer support is what they offer. Although they are transparent for the most part, I do not feel they are a stand out broker.
Please supply proof of the trades in question and we will be happy to investigate the matter. We are pleased to hear you’re satisfied with our support and very thankful that you would recommend us to others.
ThinkMarkets have a double AA grade support rating because ThinkMarkets offer live chat and email support in multiple languages. ThinkMarkets CFDs are typically used for short to medium term trades. It’s grown by $ % in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade. Let’s say for example you buy ten thousand dollars worth of General Electric using contracts for difference using the ThinkMarkets trading platform. ThinkMarkets offer CFD are a leveraged product for this example we describe ten times leverage.
The firm has also gone to great lengths to insure that their global communication network of servers will never break down. Equinix, a recognized leader in data center and network management, oversees the firm’s ECN backbone systems. The latest in SSL technology is used to encrypt all activity data and personal information for security purposes. ThinkMarkets is overseen by the top tier financial regulators Financial Conduct Authority , Australian Securities and Investment Commission so can be considered a good broker. Although ThinkMarkets are not perfect we found many really useful aspects with the overall offering from ThinkMarkets.