Review Thinkmarkets- ECN/STP Forex Trader
Thinkmarkets is a trader which is generally regulated by Australian Securities and Investment Commission with the AFSL amount 424700 in Australia under the name TF Global Market Pvt. Ltd. Based on Thinkmarkets review, Thinkmarkets was established in the mid of 2010. Because of the nature of regulation, this company does not accept trades that are based in United States.
Features of Thinkmarkets:
Without any trading restriction
No requites and speed fills
Perfect for professional’s traders
Free of cost VPS Hosting
Minimum deposit of nearly five hundred dollars
The company is explained as ECN trader that provides low latency speed dealing in MT4 platform of trading. Thinkmarkets has created a technology that permits them to offer high speed execution without any deal. Thinkmarkets Metatrader servers are also placed in the similar server block as the liquidity suppliers. Add all this with market driven, tight and spreads along with a perfect environment for trading either manual or automated trading needs. The company also provides dealers who deposit nearly two thousand five hundred dollars or more with a free of cost VPS, which is regarded to be an added benefit.
The execution as well as cost feed from the Thinkmarkets speaks for itself. Compare the price feed of Thinkmarkets to any of the other brokers of MetaTrader4 in the market and dealers will notice that the price of Thinkmarkets is updated consistently. By dealing through the ECN, currency dealers generally gain benefits from a great cost transparency, fast processing, raised liquidity as well as more accessibility in the market. Banks also reduce their prices as there is a shortage of effort.
Open live forex account at Thinkmarkets :
Open demo account at Thinkmarkets :
Different types of Thinkmarkets accounts
Thinkmarkets provides three main kinds of Forex accounts, named as MT4 standard account, SpeedTrader Currenex account and MT4 Pro trading account.
Here, you will come across some of the benefits that the traders enjoy when they use these strategies on Thinkmarkets SpeedTrader which is powered by the Currenex:
? Great collection of pairs of currency
? Fast execution of one-click
? Totally customized layout with improved technical analysis
? Advanced features of charting
? 24 hours, liquid market along with tight spreads
? Flexible and intuitive user interface snapshot of fluidity
See Thinkmarkets video :
Advanced depth of market: Notice the depth of the market through deep liquidity pool. Most of the orders will be accessible to the banks on the hub.
Improved regular spot position tab: nowadays depicts pairs of currency by the base along with term amounts; average cost of all the Spot purchases and sells along with net position, all in the rate- all in price average for the spot transaction, including unrealized and realized P/L in Currenex day of trading.
The VPS accounts of Thinkmarkets
Thinkmarkets provides VPS accounts for the dealers who make deposit of minimum of nearly two thousand five hundred dollars. The VPS system of Thinkmarkets provides fast speed implementation as VPS servers are located at a similar place to the liquidity providers of Thinkmarkets. The VPS provides a dedicated storage and memory; servers are generally connected through the enhanced fiber optics. A VPS server comes with an operating system and permits a remote access. Dealers can also take benefits from the fact that they can utilize EA also.
Spreads of Thinkmarkets
Forex spreads pays to a dealer is the initial value to affect the P&L of a trade. Before a trader becomes highly profitable, the position of a trader should at first shift the spread cost. Access to the lower spreads shift a dealer into a gainful position very quickly. Several makers of traditional market forex traders advertise the low fixed spread as being the benefit to the dealers. Nothing can be different from the reality.
Fixed spreads provide no important benefits and are easily subjected to trader manipulation like artificial widening. This can be defined as a tactic where handling desk traders influence the accessible spreads when the client positions shift against a broker.
Fixed spread might be considered as the best thing when the market condition is not at all optimal during the times of a low liquidity and high volatility. The actual fact is that, fixed spread remains to be in the same place even when the lower competitive actual selling and purchasing rates are accessible. When fixed spread is placed in actual place, traders tend to lose at the end.
The consular support team of Thinkmarkets was regarded as the most responsive team that we have examined in a while. Along with an organized and thorough FAQ part, the firm’s live supporting team was pleasant and also accessible. In several tests of the chat service, we did not have to wait for over a minute to attain the support needed, and the representative we had spoken to was really very friendly, simple to understand and also had the ability to reply to both the technical issues and general questions.
Thinkmarkets also provides 24/5 phone and email support and an emergency support of 24 hours which also opens during the weekends. One can reach the firm through phone numbers in Brazil, Japan, UK, Malaysia, Australia and Spain.
Thinkmarkets Swap/Islamic free accounts
Swap free or interest accounts are very popular for the customers who need the activity of trading to be without any interest for several religious causes. The interest free accounts offered by Thinkmarkets permits the dealer to hold certain positions in the market for a given point in time without any interest.
Several dealers might also refer to such accounts as a swap-free trading account, as within this type of accounts, no roll over or swap interest will be actually charged and incurred to certain positions that are held overnight. The main intention of Islamic Forex trading account to the Muslims is that swaps move against their beliefs.
Without Riba Policy: A customer might hold certain positions for an unexplained time and might close at a point in time without charging any extra charge. If a Thinkmarkets acquiescence officer finds abuse in utilizing this type of policy, the customer will be easily notified seventy two-forty eight hours and the policy can be simply revoked. Know more about the Swap or Islamic free account. SWAP/roll over is a responsibility or the credit which is applied to all the positions that are held overnight. All the position that is held overnight under the regular account are generally charged or also credited depending on the below mentioned rates and are generally subjected to alter at any point in time.
STP/ECN forex trader provides three various kinds of platforms of forex trading. This company has the ability to utilize VPS system of Thinkmarkets for the purpose of fast execution. There are wide options of liquidity providers and licensed forex traders.