ThinkMarkets Review 2023
ThinkMarkets is a leading retail Forex & CFD broker licensed globally by three tier-1 authorities – the FCA, the JFSA, and ASIC – in South Africa by the FSCA and in Seychelles by the FSA. ThinkMarkets provides Forex, indices, Cryptos, ETFs, Futures, metals, shares, and commodities trading on MT4, MT5, and their proprietary ThinkTrader platform. The ThinkMarkets Standard account requires no ThinkMarkets minimum deposit and has similar charges for trading compared to the industry average of 12 USD per lot. While the ThinkZero account takes 500 USD, the minimum deposit provides better pricing at 9 USD per lot, which is near industry standards.To get more news about
thinkmarkets review, you can visit wikifx.com official website.
The ThinkMarkets education package is aimed at all levels of traders and is a fantastic place to start for newcomers. Many ThinkMarkets reviews have praised the education package that they offer. According to the ThinkMarkets review, the site lacks daily market commentary, but the ThinkMarkets real-time market news section from FX Wire Pro is skillfully incorporated into the ThinkTrader platform, along with comprehensive order management, charts, significant risk management features, and more.
In 2010, ThinkForex was launched in New Zealand to improve the forex trading experience by offering cutting-edge technologies to the community. Furthermore, as part of the company’s quick development program and expanding demand, the multi-asset broker adopted the brand name ThinkMarkets while also improving customer security by ASIC and FCA requirements.
ThinkMarkets’ worldwide headquarters were later transferred to London and Melbourne, Australia. Since then, ThinkMarkets has been recognized as the “Fastest Growing Forex Broker,” thanks to the firm’s presence in Asia-Pacific, the Middle East and North Africa, Europe, and South America, and its unrivaled trading overall performance.
Meanwhile, ThinkMarkets continues to expand and has bought a South African brokerage, making it entirely legal throughout the African continent as per the ThinkMarkets review.
Based on this data and the key features ThinkMarkets offers, a broker can feel safe and secure when partnering or trading on this site. In addition, they have sophisticated, cutting-edge technology that separates them from others. This also helps enhance the overall experience of all the clients and customers. Apart from this, their commendable customer support team does a fantastic job addressing all the queries as soon as possible.
Negative Balance Protection
Assume a broker invests $2000 and uses a 5:1 leverage to go long the AFTERPAY share. The position of the broker is worth $10,000. An unforeseen occurrence causes the price to fall 8% above your margin call close-out threshold. As a result, the broker will incur a 30% loss owing to leverage, for a total loss of A$3000.
Leverage
If your account’s leverage is 500:1, a client can trade up to 500 times the equivalent amount of base currency in your account. It is vital to understand leverage and be aware of the associated risks while using it. It is also important to note that the maximum leverage depends on the regulation of your country.
Customer Support
ThinkMarkets offers 24/7 customer support. As per the ThinkMarkets review, it can be said that their customer support service is commendable. Any issues a client has relating to the retail investor accounts, demo accounts, best trading platforms, trading CFDs, forex, trading tools, or any other issues, the dedicated customer support of ThinkMarkets can directly get in touch with them to resolve all your queries instantly.
Brokers can also live chat with them and discuss any problems related to retail investor accounts losing money, CFD trading, forex and CFD broker regulations, or any other details. They can help the broker out instantly. In case any of your accounts lose money or retail investor accounts lose money, the broker can also reach out to customer support. If any of your ThinkMarkets accounts lose money anonymously, you can also raise a concern to them. Their response team is always ready to help.
ThinkMarkets Review 2023
