Introduction
ThinkMarkets is a multi-asset brokerage firm that offers trading in forex, CFDs, and metals on multiple platforms. The company is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. In this blog post, we will explore the regulations, trading platforms and instruments offered by ThinkMarkets, as well as the pros and cons of using the broker.
What is ThinkMarkets?
ThinkMarkets is a global provider of online trading services. The company offers Forex, CFDs, and metals trading on the popular MetaTrader 4 platform. ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC).
ThinkMarkets was founded in 2010 by a team of financial market professionals. The company is headquartered in London, UK with offices in Australia, Singapore, and South Africa.
The company provides 24/5 customer support via live chat, phone, and email. You can also find a variety of educational resources on the ThinkMarkets website including webinars, video tutorials, and an extensive FAQ section.
Regulations
The UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC) regulate ThinkMarkets. Although the company has a presence in a number of other countries, these are the two main financial watchdogs that keep an eye on ThinkMarkets’ activities.
Both the FCA and ASIC are highly respected regulators, so you can be confident that your money is in safe hands if you choose to trade with this broker.
ThinkMarkets offers a decent range of trading platforms and instruments, although it is worth noting that not all of its platforms are available to clients in every country.
The main platform on offer is the MetaTrader 4 (MT4) platform, which is one of the most popular trading platforms in the world. It is available to clients in most countries, although there are a few exceptions such as the US, Canada and Japan.
If you’re looking for something a bit different, ThinkMarkets also offers the WebTrader platform and the thinkorswim platform (for US clients only).
In terms of instruments, ThinkMarkets offers forex, CFDs, indices, commodities and cryptocurrencies. So whatever your preferred asset class, you should be able to trade it with this broker.
Trading Platforms and Instruments
ThinkMarkets offers both the MetaTrader 4 and MetaTrader 5 trading platforms, as well as its own proprietary Web Trader platform. All three platforms are available for desktop, web, and mobile devices.
ThinkMarkets also offers a wide range of tradable instruments, including Forex pairs, CFDs on indices, commodities, cryptocurrencies, and individual stocks. Some of the more unique offerings include futures on coffee and metals like palladium and titanium.
Pros:
-A wide variety of tradable instruments
-Three different trading platforms to choose from
-MetaTrader 4 and MetaTrader 5 platforms are both available
Pros and Cons
When it comes to online trading, there are a lot of different brokerages to choose from. So, how do you know if ThinkMarkets is the right one for you? In this article, we’ll go over some of the key things you need to know about this brokerage, including their regulations, trading platforms and instruments, as well as the pros and cons.
Regulations:
ThinkMarkets is a regulated broker. This means that they are held to certain standards by financial authorities in order to protect investors. Some of these standards include segregation of client funds, which means your money is kept separate from the company’s operating funds, and negative balance protection, which ensures that you will never lose more than your account balance.
Trading Platforms and Instruments:
ThinkMarkets offers two main types of trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available for desktop, web and mobile devices. In terms of instruments, ThinkMarkets offers forex pairs, commodities, indices, cryptocurrencies and shares/ETFs. They also offer a good selection of research tools and resources.
Pros:
– Regulated by financial authorities
– Segregated client funds
– Negative balance protection
– Two main types of trading platforms available (MT4 & MT5)
– Wide range of tradable instruments including forex pairs, commodities, indices & cryptocurrencies
– Good selection of research tools &
Conclusion
ThinkMarkets is a reliable and regulated online broker that offers a wide range of tradable assets and competitive trading conditions. However, it is not without its drawbacks – the main one being the high minimum deposit required to open an account. Overall, ThinkMarkets is a good choice for intermediate to advanced traders who are looking for a feature-rich trading platform.