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The Only Prop Firm To Build Your Personal Account

by SRD LEGAL

Trade thousands of instruments without incurring any commission fees. The broker also provides access to more than 3,500 CFD shares and 352 ETFs to speculate on. Using MetaTrader 5 gives you access to the full range of stocks, you can still use MT4 but only the major stocks for each market is available. ThinkMarkets has a trust score of 81, based on the broker’s regulation, reputation, and reviews.

He has a Masters and Commerce degree and has an active role in the fintech community. He has also published a book in 2023 on on investing and trading. To get the fastest trading execution speeds and reduce the chance of slippage, ThinkMarkets uses the largest trading ecosystem available, being Equinix trading servers. 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. Traders can use live chat, phone or email to get in touch with the ThinkMarkets multilingual customer support team. A support ticket can also be submitted for immediate assistance.

MetaTrader 5

Forex spreads can be as tight as 0.4 pips, while average spreads are 1.2 pips. When trading metals, pricing starts from 25 cents and CFDs 0.4 points. 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. Forex traders following Sharia law can sign up to ThinkMarkets Islamic Account. Islamic trading accounts do not pay and receive swap rates derived from interest rates and instead pay a flat rate fee for open positions.

Trade on MetaTrader 4 with ThinkMarkets

As spreads are tight and commissions are low, the ThinkZero account is suitable for day trading, scalping and for traders using Expert Advisors. A choice of trading platforms, thousands of instruments, and low fees make the group suitable for beginners and veterans. The broker is also highly regulated with a long list of positive reviews from customers worldwide. Trade on one of the leading trading platforms and access advanced charting tools and automated trading capabilities. If you’re into scalping, day trading, or creating automated trading strategies, the ThinkZero account offers ECN-style pricing and trading conditions. On the other hand, newcomers might find ThinkMarkets’ standard account appealing because of its straightforward setup and no extra commission charges.

Established in 2010, ThinkMarkets is an innovative, market leading provider of online trading services. Today ThinkMarkets is a multi-regulated broker with offices across the globe including Australia, Asia, Japan, Europe, UK, UAE, South Africa and clients in more than 165 just2trade review countries. ThinkMarkets do not charge customers any fees when making deposits and withdrawals from their trading accounts.

Once done, ZuluTrade will automatically copy the trades of who you follow. Professional traders will lose negative balance protection and automotive close you when trading account equity falls below 50%. ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services. ThinkMarkets offers a demo account with $/£25,000 in practice cash. Users can refine strategies and test the MT4, MT5, and ThinkTrader platforms while getting familiar with the available instruments.

DayTrading.com is committed to helping traders of all levels make informed decisions about which broker to trade with. Compare ThinkMarkets with the top 3 similar brokers that accept traders from your location. The maximum leverage available depends upon the type of account (retail /professional) and the ThinkMarkets entity.

How to open an account

However, the FX broker offers a more diverse list of tradable shares CFDs on its MT5 and ThinkTrader as compared to the MetaTrader 4. To meet ESMA requirements, FCA has some regulations that online brokers in the UK must follow. While ThinkMarkets offers the same Standard account and ThinkZero account with the same basic trading conditions to all clients, leverage and risk management vary. Spreads on standard accounts that charge no commission fees are competitive when trading forex with ThinkMarkets.

This mobile app includes appealing features TradingView charts and Trader’s Gym for backtesting. Other features include top regulation and low spreads with their ThinkZero account. ThinkMarkets trading hours follow standard opening and closing times of respective markets. So, for forex and indices, most trading will take place Monday to Friday.

Swap-Free Account Fees

  • The broker offers a proprietary web version, a trading software platform for Mac and Windows computers and iOS and Android devices.
  • He has also published a book in 2023 on on investing and trading.
  • Spreads are variable and start from zero pips on major FX pairs, such as the EUR/USD and GBP/USD.
  • Users can track 8 charts simultaneously, create custom views, set up shortcuts for a smoother trading experience, and adjust settings across multiple charts in one click.
  • ThinkTrader allows spread betting with all its instruments except for cryptocurrency.
  • This provides actionable trading signals directly into the broker’s platforms.

They include the broker’s proprietary trading platform, ThinkTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). All three platforms offer Web, Desktop, hycm review and Mobile/Tablet App versions so that clients have access to their Thinkmarkets account from anywhere, at anytime. The broker offers a proprietary web version, a trading software platform for Mac and Windows computers and iOS and Android devices. The mobile trading app is well-reviewed and offers a user-friendly trading environment, a wide range of technical analysis tools and risk management features. The ECN-like account type provides an institutional trading environment with ultra-tight spreads and low commission fees.

What is forex trading?

  • In place of swaps (also called overnight fees or rolling fees), ThinkMarkets charges a flat rate weekly administrative fee for positions held 7 days or longer.
  • A support ticket can also be submitted for immediate assistance.
  • ThinkMarkets was founded in 2010 by Nauman Anees, following years of experience in financial services.
  • Spread Betting is an alternative form of derivatives trading to CFDs.

Resources aimed towards beginner traders offer a soft introduction to forex trading, with how-to guides and glossaries available. Intermediate trading tutorials cover more complex topics such as chart patterns and order types. Lastly, the advanced tutorial guide addresses complex technical and fundamental analysis.

ThinkTrader account

Trade with confidence backed by ThinkMarkets, a multi-regulated broker offering unparalleled security. With over $7.5 trillion traded daily, the forex market is the world’s most liquid and volatile market. Discover new trade opportunities with this tool that forex broker rating scans the markets for high-probability trades. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004. Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates.

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. Using the MetaTrader 4 platform, ThinkMarkets customers gain access to advanced charting tools and automated trading features that can be used to develop complex trading strategies. The easy-to-use interface suits all levels of experience, hence its reputation as one of the best trading platforms available to retail investor accounts.

All content on this site is for informational purposes only and does not constitute financial advice. Consult relevant financial professionals in your country of residence to get personalized advice before you make any trading or investing decisions. DayTrading.com may receive compensation from the brands or services mentioned on this website. The company holds licenses with some of the most respected regulatory bodies, including the UK’s FCA. Note, the demo account on MT4 / MT5 will expire after 90 days of inactivity.