A ThinkMarkets Joint account is an account option in which there are two main users, both of who can deposit, withdraw and trade. ThinkMarkets also does not offer a welcome bonus or deposit bonus or the advantage of a no-deposit bonus when traders register a real account for the first time. Australian residents who trade real stock pay a commission which is set at $8 for trades below $200,000. However, for higher amounts, this figure is set at 0.05% of the total trading volume.
ThinkMarkets fees for brokerage services are typically calculated as either a flat rate or a percentage of the total amount that is currently held in a ThinkMarkets customer’s account. These ThinkMarkets fees might also cover situations in which an ThinkMarkets account becomes inactive, also known as a dormant ThinkMarkets. ThinkMarkets does change an inactivity fee for dormant non trading accounts.
ThinkMarkets fees
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). This broker also keeps traders’ funds separately in highly reliable banks such as Barclays Bank, and the Commonwealth Bank of Australia. In addition, ThinkMarkets also has a strict anti-money laundering policy in place.
- The fees are deducted from your ThinkMarkets available balance and vary depending on the value of your ThinkMarkets position as well as the direction (BUY or SELL) that it is moving in.
- You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.
- In this section, we will inform you about each of the investment assets that ThinkMarkets offers to its users.
- They have 80 indicators, 14 different chart types, and around 50 drawing tools.
In addition, ThinkMarkets does not require any minimum deposit for opening an account and does not charge an inactivity fee. At ThinkMarkets, the process for withdrawals is designed to be as straightforward as managing deposits. Clients can conveniently initiate withdrawals through the same channels they use for deposits, ensuring a seamless transition of funds out of their trading accounts. While ThinkMarkets ensures that most withdrawal methods are free of charge, providing a cost-effective way for traders to access their funds, it is important to note that some methods may incur fees. These fees are typically dependent on the financial institution handling the transaction or the amount being withdrawn.
ThinkMarkets is a regulated brokerage firm that adhered to the policies and regulations of FCA (Financial Commission Authority). However, the ThinkMarkets Zero account does not involve any commission charges. Since it is a regulated forex trading company, it cannot change the prices of tradable assets it offers.
The first being Thinktrader, this platform is a slick and intuitive trading platform. ThinkMarkets offers a variety of instructional materials for traders of various levels of expertise. There are three trading courses available for beginners, intermediates, and experienced traders, covering all areas of trading such as trade placement, technical analysis, and much more. Trading guidelines for all levels of traders are available for download, and they cover a wide range of topics ranging from technical analysis to market psychology and more. To assist you in comprehending some of the most prevalent trading terminologies, the ThinkMarkets website contains a handy dictionary of trading words and meanings. The innovative TrendRisk Scanner will explore numerous assets and use risk management to give you real-time trading signals.
ThinkMarkets Deposit & Withdrawals
Bank Wire is a traditional and secure method of transferring funds directly from one bank account to another, offering ThinkMarkets traders a reliable option for both deposits and withdrawals. This payment method is often favored for larger transactions due to its security and stability. With MPesa, traders can complete transactions directly from their mobile phones, offering a convenient and efficient method for funding trading accounts.
MetaTrader 5
Users are free to trade any currency pair they wish to trade, with spreads as low as 0 pips (on a ThinkZero account). It offers EURUSD, GBP/USD, AUD/USD, USD/CHF, USD/JPY, USD/CAD, and many more currency pairs. The broker has myriads of assets available to diversify your portfolio, including forex, cryptocurrencies, stocks, and many more.
ThinkMarkets Forex Trading – Conclusion or Verdict
At ThinkMarkets, clients have access to both hard and soft commodities, numbering 13+. The commission plan holds different commission charges for various accounts and services chosen by the traders. With ThinkMarkets, the traders can use the most recognized trading platforms such as MT5, MT4, and their in-house developed platform ThinkTrader.
ThinkMarkets Commission or Brokerage Charges – Review, Plans, FAQs & more
They also provide articles for traders on the DAX 40 Stock Index and Popular Forex Strategies. With the Calendar feature, traders using this application can stay informed on upcoming events that could have an impact on price action in the financial markets. When a trading account does not have any trading activities over a period of at least 90 days, ThinkMarkets may charge an inactivity fee. As a partner, ThinkMarkets will grant you access to a library of personalised marketing materials that best match your style. Those under this program can expect plentiful referral commissions all at the cost of nothing. The links can be seamlessly integrated into your platform, be it a website or an Instagram page.
This flexibility is crucial for reducing trading costs, particularly for those who trade frequently or in large volumes. Keep in mind that the cost of trading with ThinkMarkets can vary significantly based on your selected account type and trading strategy. Understanding the fees and commissions is important to better manage your trading budget and resulting profits. It is crucial to review their fee structure thoroughly, as this could impact your overall trading performance. Though, the results of live accounts and demo account should not be compared as the results of live accounts face different outside factors.
It discloses all the charges to be incurred at the time of account registration. ThinkMarkets offers Currencies Trading, where you can trade in 35 currency pairs. Browse the ThinkMarkets website thinkmarkets broker review and choose the preferred account of your choice out of two account options available – Standard account and ThinkZero Account. The commission plan also varies within the account depending upon the size of the investment. All ThinkMarkets clients fall under the ThinkMarkets $1 Million Insurance program.
Building on the industry’s standard MT4, MetaTrader 5 is MetaQuotes’ latest platform aimed at traders looking for cutting-edge features. The MT5 interface has a similar style, but it includes many more chart periods, indicators, services, and other useful benefits. The platform includes 21 timeframes, 6 pending order types, hedging and netting options, and a multi-thread strategy tester for back testing your automated systems over historical tick data. The broker also offers swap-free Islamic accounts for clients from the Muslim faith. ThinkMarkets employs a number of safety protocols to ensure that its client’s funds are protected.
Platform Features
A swap fee, also known as an overnight fee, is interest that you receive or pay for holding a position overnight. When you roll a position over to the next working day, you’ll incur a positive swap, where you earn interest from the contract, or a negative swap, where you incur interest from the contract. The amount you receive or pay depends on the instrument you are trading and how long your position is open. The quality of the content is high, and the resources are easy to understand, making them suitable for traders who are just starting their journey. The app has received positive feedback on both the Apple App Store and Google Play Store, reflecting its user-friendly nature and reliability.
- A swap fee, also known as an overnight fee, is interest that you receive or pay for holding a position overnight.
- The account types are versatile and suitable for different trading strategies, whilst you may access a good variety of financial instruments and premium trading tools to help improve your market analysis.
- The broker is authorised and regulated by Top-tier government regulatory authorities, including FCA, CySEC, and ASIC.
- The platform also supports advanced order types and real-time notifications, enabling traders to stay updated with market movements and manage their portfolios on the go.
This variety enables traders to diversify their investment portfolios beyond traditional financial instruments. ThinkMarkets is committed to providing competitive pricing structures and flexible leverage options for these commodities, catering to the needs of various trading strategies and risk appetites. By including these valuable and often volatile commodities, ThinkMarkets ensures that its clients can take advantage of market fluctuations and potential opportunities across different sectors. ThinkMarkets offers a variety of deposit and withdrawal options, making it easy for traders to fund their accounts and withdraw their earnings. Payment methods include credit/debit cards, bank transfers, and e-wallets like PayPal and Neteller.
Withdrawals, however, may take between 1 to 3 business days, depending on the card issuer and region. Mastercard is ideal for traders seeking a simple and secure payment option with global recognition. Running trading platforms on VPS hosting have grown in popularity among traders who demand complete control over their trading. VPS hosting enables you to keep your trading platform running remotely even when the power goes out, the internet goes down, or your machine unexpectedly shuts down. You just connect to a remote terminal whose server is located near servers and conduct all of your trading from any computer (Windows, Mac OS, Linux) without installing any software. ThinkMarkets teamed with ForexVPS, one of the most dependable VPS providers in the industry, to guarantee that the traders receive reliable execution without having to worry about technical issues.
