ThinkMarkets is a multi-asset online broker that offers speedy and convenient access to all financial markets. It uses high-end technology to deliver fast execution speed and the best trading conditions for superior quality trading.
ThinkMarkets Regulation and Security
ThinkMarkets has headquarters in London and Melbourne with offices in Europe, South America, North Africa, Middle East, and Asia-Pacific. Since it operates in multiple jurisdictions, it is also regulated by a number of agencies.
ThinkMarkets operates under the regulation of the Financial Conduct Authority, to which it submits regular financial statements, as well as annual audit reports. It is also registered with the Australian Securities and Investment Commission under the license number 424700. Its hub in South Africa, TF Global Markets, is authorized by the Financial Services Provider. All in all, this broker is regulated by three trusted regulatory bodies.
Another security measure implemented by ThinkMarkets is a private insurance fund of up to $1,000,000 for all client funds. This provides better protection for clients and uplift their compensation rights. Client funds are also kept in separate accounts and stored in trusted top-tier banks. These are two of the ways that ThinkMarkets promotes safety and transparency for the best interest of their clients.
ThinkMarkets Review of Services
ThinkMarkets offers three trading platforms: MetaTrader 4 & 5 and their own platform, ThinkTrader. The first two are known by traders worldwide for their high functionality and convenience.
Developed by MetaQuotes, MT4&5 are the leading trading platforms for all financial markets in the industry. With MT4, you can execute manual and automated trades, use Expert Advisors and the built-in Autochartist, and backtest your strategies. You can gain access to over 100 indicators and tools and institutional-quality apps. This platform is a classic choice for foreign exchange trading. On the other hand, MT5 is a multi-asset platform that is equipped with a variety of technical analysis tools. It offers first-class charting and 21 timeframes to choose from. Its Economic Calendar has advanced features that lets traders track events more efficiently. It also has enhanced order management and 2 additional pending order types.
More than half a million traders use ThinkTrader, a platform that provides more than 80 indicators, 14 chart types, and 50 drawing tools. This platform has garnered over 15,000 five-star reviews, according to the official website of ThinkMarkets. It provides up to 200 cloud-based notifications at no charge and allows traders to scan the markets and determine high probability trades with the TrendRisk Scanner.
Social or Copy Trading with ThinkMarkets has been made easier with ZuluTrade. Clients can access an expert Traders Board that ranks traders according to their performances and feedback from followers. It has a customization feature that allows you to customize your strategy in copying trades, which includes lot size, risk management, trading hours, and number of trades.
ThinkMarkets Analytical Tools
ThinkMarkets has several tools for trading and market analysis. These tools are beneficial in identifying market opportunities and risk factors that weigh on your trades.
ThinkMarkets partners with Trading Central in providing tools, guides, and information suitable for individual traders, brokers, hedge funds, and exchanges. You can enjoy premium analytics, unmatched market coverage, and 72,000 assets analyzed everyday. Trading Central helps traders generate ideas, validate their decisions, and manage risks.
This tool is a common offering across all online brokers. It is a basic tool in keeping track of the latest market events and updates. It lists all significant market movements in various timeframes. Some of the events listed on this tool are central bank policies and interest rates, the movements of the dollar, political events, economic data, and corporate sales.
Forecasting price direction through assessing market data with the help of indicators and tools is the main role of technical analysis. Traders can predict the future price movements of the instruments they trade, such as currencies, stocks, cryptocurrencies, and indices. The law of supply and demand is the main identifying factor in using technical indicators and tools to forecast price movements.
ThinkMarkets is a multi-awarded online brokerage firm that offers services to a large client base. It is registered in multiple jurisdictions and regulated by trusted agencies. It offers fairly decent services and reasonably-priced trading accounts. With regard to reputation, ThinkMarkets has proven that it is trusted by traders. This broker is expected to rise in the ranks in the coming years.