Resources aimed towards beginner etoro review 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.
Regulation & Licensing
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.
Spreads & Commissions
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. Islamic account holders trading major forex pairs incur $5 financing fees, while a $10 fee is charged when trading minor forex pair. Additionally, ThinkMarkets bolstered its ThinkTrader platform in 2024 by introducing spread betting on popular markets, including currencies, stock indices, metals and energies. The desktop, web and mobile platform now offers a complete trading environment for serious spread betters.
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.
Does ThinkMarkets have a demo account?
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.
Improve your trading analysis with powerful and innovative tools. Equinix’s LD5 centre is located 11 miles from the centre of London and is where over 1000 exchanges, companies and liquidity providers operate. This data centre has an uptime record of 99.99% and offers some of the fastest available execution speed. At ThinkMarkets, you can also gain access to 11 futures contracts that cover several underlying instruments like commodities, stock indices or VIX volatility.
Jumpstart Your Funded Trading Career
- At ThinkMarkets, you can also gain access to 11 futures contracts that cover several underlying instruments like commodities, stock indices or VIX volatility.
- With MetaTrader 5 (MT5), you can utilise Expert Advisors, customisable charts, dozens of technical indicators, a multi-thread Strategy Tester, and more.
- Customers of ThinkMarkets can choose between generous amounts of CFD instruments spread across 8 asset classes.
- ThinkMarkets trading hours follow standard opening and closing times of respective markets.
They include the broker’s proprietary trading platform, ThinkTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). All three platforms offer Web, Desktop, 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.
- MetaTrader is a powerful, customisable trading platform designed for trading on multiple markets.
- This data centre has an uptime record of 99.99% and offers some of the fastest available execution speed.
- Fund your account with at least $50 or the equivalent in your base currency.
- Users can choose between MT4 and MT5, plus the broker’s ThinkTrader platform.
Joint account
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 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.
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.
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 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.
This mobile app includes appealing features TradingView charts and fxpcm 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.
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.
I’ve been day trading with ThinkMarkets for about a year and it’s a reliable broker. Traders’ Gym is also good for testing day trading strategies. I did have to deposit $500 for the ThinkZero account though which is pretty steep. The list of available CFD products can be traded across ThinkMarkets’ suite of powerful trading platforms (MT4, MT5 and proprietary platform ThinkTrader).
Contract specific opening hours can be found on the broker’s website. The MT5 platform is the latest version of the popular MT4 software. It appeals to seasoned traders, in particular, offering more advanced trading tools and analysis features. Users benefit from additional technical indicators and timeframes, plus ig group review an enhanced strategy tester for EAs, as well as a built-in economic calendar.