IC Markets

Overview of ThinkForex Forex Trading Broker

ThinkForex is a forex broker which is originally the brand name of a company known as TF Global Markets Pty Ltd. and was founded in Australia in 2010. ThinkForex Forex broker has won a number of awards throughout the years it has functioned and is a broker you can freely trust as it is entirely regulated by the Australian Commission for Securities and Investments.

Moreover, not many brokers out there allow their customers to hedge, scalp and speed up the speed trade on their available platforms, but ThinkForex is one of those brokers who do, which is definitely a special feature.

The infrastructure is technologically complete and efficient, and the customer service is phenomenal with the dedication and help provided. All of these perks make this broker so reliable that you will no longer need to look for any other broker once you register with ThinkForex. Moreover, this is one of the rare brokers which does not require you to make a lot of initial deposit.

The minimum initial deposit required with ThinkForex is really low, so you don’t have to worry about investing a lot right from the beginning. The broker values traders and intends to make lives easier for all its customers when it comes to forex trading.

What is Forex – How to Trade Forex by ThinkForex

Trading Platforms

You can expect to use multiple trading platforms upon registering with this broker, two to be exact. The two platforms provided are cTrader and Meta Trader 4, which are both unique in their own ways. The cTrader is a rare platform and cannot be found everywhere, while Meta Trader 4 is a widely used platform and can commonly be found in multiple places.

Moreover, yet another excellent feature which makes things more convenient for traders is that ThinkForex’s proprietary web platform allows traders to carry out CFD trades without having to download any software from the internet or installing anything on their computers or laptops.

The cTrader tool grants a number of exciting features which the customers can make use of, such as Single One Click Execution, real-time trading reports, and finally the on-chart interactive chart trading feature. Moreover, yet another good fact about the cTrader and MT4 platforms is that they can both be downloaded and easily installed on mobile devices, support both Android and iOS Operating Systems.

Account Types

Traders have the freedom to choose from three different account types at the time of registering with ThinkForex before they start trading. The first account type is the Standard account. You receive this account if your minimum deposit is over $250 and less than $2000. If you are an entry level trader, then this would be the ideal account for you. Second, the Pro account type is what you receive if your initial deposit ranges from between $2,000 to $24,999.

In case you are an intermediate level trader, this would be the perfect account for you. The third and final account type is the VIP account type, which is something you receive if your initial deposit is $25,000 or more. This account type is recommended only for expert traders.

Commission & Spreads

The spreads vary depending on what type of trading account a trader holds as well as the types of assets being traded. The spreads mostly remain as low as 0.2 pips to be exact. When it comes to the commissions, the broker receives no revenue from the standard account types. However, if you are a pro account holder, then you are charged 3 units every leg per lot by the broker. A special rate is to be paid by those who hold VIP accounts which depends on the trading volume.

Customer Support

ThinkForex understands the need for constant customer service, which is why they offer you a dedicated customer care staff that functions on a 24/6 basis. Users can use channels such as phone, email or live chat in order to reach the customer care team for help.

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