ThinkMarkets Review: India Edition 2025
The price action is currently forming a large ascending triangle, offering two potential… As professional traders have a greater understanding of leveraged trading and access to greater capital, trading conditions set by the regulator are more relaxed for traders who qualify. Our broker reviews are reader supported and we may receive payment when you click on a partner site. đź“’ ThinkMarkets caters thoroughly to all traders with differing levels of experience, skills, and knowledge. There is a wide range of educational tools which cater to traders.
Deposit/Withdrawal Options and Fees
- 👉 Within the broker’s entity in Europe, clients may claim up to €20,000 through the Investor Compensation Fund (ICF) in case ThinkMarkets defaults.
- It is important to note that ThinkMarkets may request additional documents or information to verify your identity or comply with regulations.
- Additionally, the platform offers educational resources and the ability to hide advanced features for those who prefer a more simplified trading experience.
- Additionally, ThinkMarkets does not absorb the merchant fees charged by the various payment providers.
- Furthermore, learning how to mitigate and manage investment risk is crucial.
It’s crucial to do your due diligence and research the reputation, track record and trust worthyness of ThinkMarkets. You must also ensure the ThinkMarkets broker’s profile, trading tools, fees and regulation aligns with your needs and goals. When it comes to online trading with brokers like https://traderoom.info/think-markets-introduction/ ThinkMarkets, carefully review ThinkMarkets as your broker can make or break your success. Choosing the right broker is essential to ensure your ThinkMarkets investments grow and flourish.
ThinkMarkets Deposits and Withdrawals
Traders are ranked using “ZuluRank” according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. ZuluTrade customers will be charged directly by ZuluTrade via credit card, PayPal, or other. On the whole, Zulutrade is an excellent social trading platform, particularly for beginners who are new to the trading space. Available on both MT4 and MT5, ThinkMarkets offers a free VPS service to traders who trade a minimum of 15 round turn lots on Forex in a calendar month. Traders also get a 15% discount on Beeks VPS on opening a live account with ThinkMarkets. Traders will have to contact the service providers directly to find out about pricing.
When creating an account, the base currencies available are AUD, CHF, EUR, GBP, JPY, CAD, ZAR, SGD, USD, and NZD but this is dependant upon which ThinkMarkets entity your account is opened with. Additional deposit methods may be available depending on your country of residence. Think Markets offers a range of deposit and withdrawal methods, including bank wire transfer, local bank transfer, credit and debit cards, Skrill, Neteller, OZOW, and cryptocurrency transfers.
The texts on this page are not are not investment recommendations. If you’re looking for an STP forex broker with a reputation for tight spreads, then ThinkMarkets is a great option. ThinkMarkets offers 46 currency pairs for forex trading, choice of MetaTrader 4, 5 and ThinkTrader trading platforms. 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). ThinkMarkets provides a more robust platform for social or copy trading compared to IC Markets. This feature allows traders to mimic the strategies of experienced traders, making it easier for beginners to navigate the forex market.
Our verdict on ThinkMarkets
Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further empowers traders while on the move. ThinkMarkets offers a decent range of payment methods, and withdrawals and deposits are free. If you’re interested in comparing ThinkMarkets against other popular brokers in the industry, check out our ThinkMarkets Vs pages.
In addition, traders can use margins to trade CFDs, which is one more advantage. On the downside, CFDs are not for investing long term due to trading fees. Unlike the Standard Account, the ThinkZero account is recommended for traders with higher capital.
ThinkMarkets Ratings and Reviews from Forex Peace Army:
Brokerage starts at $8 for ASX-listed stocks and ETFs, which is on the lower end of the scale. Importantly, ThinkMarkets doesn’t charge any monthly account fees, subscription fees or inactivity fees if you don’t place any trades within a certain time frame. Although it has traditionally been a forex and CFD broker, it launched a share trading option in Australia in August 2020 under the “Cash Equities” platform.
Based on our analysis and testing, IC Markets offers a slightly superior trading experience, especially for those who prioritise platform variety and transparency. STP trading accounts are commonly called RAW or ECN accounts and are popular with scalpers or high-volume traders. The graph below shows the consensus data with IC Markets having lower spreads in all major currency pairs.
As every millisecond counts to get the bid and ask the price you want, ThinkMarkets has two Equinix data centres located in London and Hong Kong. At ThinkMarkets, you can also gain access to 11 futures contracts that cover several underlying instruments like commodities, stock indices or VIX volatility. Below is a list of deposit and withdrawal methods available with ThinkMarkets. It is also worth noting that certain payment methods are not available in all countries. The following leverage is the maximum available for Professional traders. We use dedicated people and clever technology to safeguard our platform.
All the trading platforms supported by ThinkMarkets are available as mobile and tablet downloads – allowing traders to keep track of their open positions while on the move. This means that for UK residents with bank accounts denominated in GBP, conversion fees will not be applied for deposits and withdrawals. This is because when trading a USD quoted currency pair with a GBP account, there will be a small conversion fee for every trade made. ThinkMarkets’ offers two accounts, which is average compared to other similar brokers, and its accounts are suitable for beginners and more experienced traders.