ThinkMarkets Review 2024 Key Features, Pros, and Cons

ThinkMarkets Review 2024 Key Features, Pros, and Cons

This allows clients to contact the support team in the way that is most convenient for them. Additionally, support is available 24/7, ensuring prompt assistance at any time of the day. Such a level of service speaks to the company’s high customer orientation and professionalism. Through the Signal Centre service, available to ThinkZero account users on the MT4 and MT5 platforms, traders can receive up to 40 trading signals daily. The signals are based on technical analysis conducted by a team of professionals and include a trading plan featuring entry levels, exit points, and stop-loss levels. Users can customize the reception of signals to match their trading style and risk appetite.

TradingView

With different account types, a wide range of markets and 3 top trading platforms, ThinkMarkets caters to all levels of trading experience from beginner traders to experienced investors. Those scalping, day trading or developing automated trading strategies are better suited to a ThinkZero account type that offers ECN-style trading and pricing. Beginner traders may benefit from the simplicity of ThinkMarkets standard account, where there are no additional commission fees. ThinkMarkets is a regulated global online broker with great emphasis on client security.

How to Open an Account with the ThinkMarkets Mobile Application

However, the FX broker offers a more diverse list of tradable shares CFDs on its MT5 and ThinkTrader as compared to the MetaTrader 4. ThinkMarkets do not charge customers any fees when making deposits and withdrawals from their trading accounts. Another advantage of using MT5 over MT4 includes the trading platforms for customer support. With MT4’s customer service being phased out, less help is available for those with trading platform issues or queries.

• Accounts with fixed spreads are also absent, which may be preferable for some traders.
• His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
• ThinkMarkets offers competitive spreads and commission fees.
• The links can be seamlessly integrated into your platform, be it a website or an Instagram page.
• Trading activity is defined as opening and closing or maintaining an open position during this period.

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• You may completely configure your copying strategy on the ZuluTrade platform, including lot size, number of traders, trading hours, and risk management.
• All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
• First, they are regulated by several financial and investment regulatory bodies across several countries, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), and FSA (Seychelles).
• These high ratings indicate customer satisfaction and trust.
• Furthermore, the low minimum deposit requirement makes this account highly accessible, lowering the barrier to entry for new traders who may be hesitant to commit large sums of capital initially.

With their integrated Autochartist, you can quickly scan through thousands of assets and choose the product that fits your trading strategy. Refer to their website for the complete schedule for each of the indices offered by ThinkMarkets. The possible contract sizes are 1, 10, and 100 for the minimum and maximum trade sizes.

My big issue was with my bank account

This makes trading more convenient and could provide additional income if you sell your trading tool or platform. You can even filter out the available traders for copying based on their performance, drawdowns, profitability, and ranking. If you are unfamiliar with social trading, ThinkMarkets provides a guide that will help you familiarize yourself with how social trading works. It’s important to note that you have to use the same method of funding your account to withdraw your money. You will need to submit a withdrawal request via ThinkMarkets’ ThinkPortal. Your request will be processed within 24 hours, but depending on the withdrawal method, it might take up to seven business days before you receive your funds.

What tradable instruments does ThinkMarkets offer?

ThinkMarkets makes money through spreads, commissions on trades, and other service fees. A monthly inactivity fee is charged if your account remains inactive for 90 days. Trading activity is defined as opening and closing or maintaining an open position during this period.

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Some of the most traded indices include the Dow thinkmarkets review Jones Industrial Average, S&P 500, FTSE, DAX, ASX200, NASDAQ, CAC, EuroStoxx and Nikkei 225. With a standard account, you can benefit from commission free trading on all precious metals including gold, silver & platinum. Metals are usually used for those who are interested in diversifying their trading portfolio and are quoted against the US Dollar at ThinkMarkets. If your country is not accepted, feel free to browse our broker reviews to find an alternative option. ThinkMarkets offers you the opportunity to diversify your trading portfolio and trade on a range of 8 metal pairs and 3 energies. They also offer prices on 3 energy contracts (US Crude Oil, Brent Crude Oil and Natural Gas).