ThinkMarkets was founded in 2010 under the name ThinkForex and is one of the top brokers in Australia. This broker is known for its low-spread offers and complete and up-to-date online trading facilities. ThinkMarkets has also obtained a license from the Australian financial market regulator ASIC.
In July 2016, ThinkForex changed its name to ThinkMarkets as it intends to expand in the international market. In the transition period, this broker will operate under both names without differences in trading technology. Simultaneously, ThinkMarkets also announced that it had obtained a license from FCA UK.
ThinkMarkets offers competitive trading facilities with high technology. This ECN/STP broker carries a proprietary trading platform called ThinkTrader which can be used on desktops, tablets, and smartphones. Apart from ThinkTrader, this broker also provides the MetaTrader 4 and MetaTrader 5 platforms.
Fund security is also one of ThinkMarkets' strengths. This broker has an insurance policy worth USD 1 million to protect client funds if the worst scenario occurs: the broker goes bankrupt. Lloyd's London holds ThinkMarkets insurance policies. This insurance applies to all traders without the need to pay additional fees.
Apart from forex, this broker provides trading instruments in the form of CFDs, indices, global stocks, commodities, crypto, and gold and silver. ThinkMarkets also provides educational content organized into several levels: beginner, intermediate and advanced.
|Broker Name||ThinkMarkets (formerly: ThinkForex)|
|Website||Click here to visit ThinkMarket's official page|
|Company||PT Global Markets Ltd|
|Regulators||ASIC Australia (AFSL 424700), FCA UK (FRN 629628)|
|Customer service||Telephone, Call Back Requests, Email, and Live Chat|
|website language||English, Arabic, German, Vietnamese, etc.|
|Deposits And Withdrawals||Bank Wire, Credit/Debit Card, Neteller, Skrill|
|Trading platforms||ThinkTrader and Metatrader4, for Desktop, Mobile, to Webtrading.|
|Trading instruments||Forex, CFD on world stock indices, as well as gold and silver|
|Spreads||Floating starts from 0.8 pips for Standard accounts, and starts from 0.0 pips for Pro and VIP accounts|
|Minimum initial deposit||USD0|
|leverage||Up to 1:500|
|Account Type||Standard and ThinkZero accounts|
|Commission||None on Standard Account, USD3.5 per side on ThinkZeroAccount|
|Zero Spreads Account||?|
Registered Under Australian Prestigious Regulatory Body
ThinkMarkets can be called experts in providing sharp and competitive trading facilities while still ensuring the safety of client funds in various ways. He proved this by pocketing two licenses from the Australian ASIC regulator and the British FCA, which are known to be quite strict. Client funds are held in top Commonwealth and Barclays banks.
High Tech Trading Facility
Regarding technology, the ThinkMarkets broker facilitates education packages from beginner to advanced levels and customer service during trading hours via telephone, email, call back, and chat. Moreover, there is also the Autochartist trading signal service which can identify price patterns 24 hours a day and up-to-date news from Reuters, a highly reputable news media platform.
Trade with Low Latency and Fast Execution
ThinkMarkets trading servers are reportedly in the same location as their liquidity providers, so traders at this broker can enjoy low latency trades and fast execution, whether trading manually or auto trading. For enthusiasts and auto trading enthusiasts, especially, ThinkMarkets offers more convenience through free VPS.
Thanks to the excellence of the services it provides, ThinkMarkets has won several awards, including the UK Forex Awards for Best Customer Service in 2012, the best broker in Australia at the 2013 World Finance Awards, and in 2014 received an award for qualitative market research and analysis from FXStreet. ThinkMarket's features make it the right choice for traders with relatively deep pockets who want to trade accompanied by sophisticated technology.