Auckland in New Zealand is the head location of Thinkmarkets. In 2010, the company was initiated and is under the regulation of FSPR based on New Zealand. Varied levels of accounts and multiple forms of trade platforms are offered by Thinkmarkets. US based clients are not accepted by Thinkmarkets. Dissimilar to the other traders who are active in the markets it allows hedging, scalping and automated trade options in higher pace as available in aggressive fashion. Unique swap permit is also allowed by the account holders.
Advantages and Disadvantages based on Thinkmarkets Review
Many types of platforms are offered by Thinkmarkets that supports experienced strategies of trading like automatic trade operations. They are among the few numbers of broking agents that allows aggressive dosage of hedging and scalping. Yet another exceptional feature of the platform is they allow trading through currencies other than the regular available EURO and USD currencies. To reduce the chances of potential loss investors are offered with trailing stops.
However many problems are reported by lots of users. These may be due to the problems faced by this newly formed company as they work out on their procedures. This can also be a genuine nature problem faced by them.
The common complains include slow credit rate of deposits and delay related to the withdrawal receive. Chronic unprofitable operations are the chief complain of automated traders. Few users have lost their valuable account information during crucial hours of trading also.
Forex Robots, automatic trading options and Experienced Advisors as available in Thinkmarkets trading platform give priority to the preferences of the traders opting for automatic trade. There are chances of increase in the risk factors along with lack of control as the trader indulges in automatic trading.
US clients are not accepted by Thinkmarkets right now.
Rebates of Forex
Those who are trading with Thinkmarkets have the chance to earn till $4 on the basis of each round as traded on the basis of RebateMyPips option. Kindly visit Thinkmarkets page and sign up for gathering further information.
Factors responding to Financial Services
Demo accounts are of huge benefits. Clients get accustomed with the operating details of the trade platforms. It involves lesser risk factors. Most customers have a pretty great experience as they operate the demo accounts on trial basis.
If you want to maintain a Standard MetaTrader account you need to maintain a minimized amount of 500$ with as the leverage limit extends till 200:1. Standard spreads are available in the accounts as it is devoid of commissions and allow trade limit of .01 lots.
If you want to open a Pro Account with Thinkmarkets then you need to maintain a deposit amount of $10,000. Limit of leverage happens to be of 100:1 and it accepts different style of trading that includes scalpers. Minimized size of trade is lots .1. There are many brokers who accept only EURO or USD as the base pairs of currency. Different types of currencies as supported by Thinkmarkets include that of JPY, GBP, CHF, NZD and AUD currencies. Along with the spreads $8 is offered as commission on the basis of each lot.
SpeedTrader is supported by Thinkmarkets that offers currency pairs numbered to as many as 50 as it requires an initial deposit amount above $20,000. The minimum level of trade deposit is lots of .1 and also further commission charged up along with the spreads.
Whereas the minimum low deposit amount is as low as 0.1 pips, there is no maximum limit for trade. A rebate of $2-4 is offered by Thinkmarkets with each round of lot traded together.
Bonuses are available for the new traders. Current bonus of the account is 10% as offered within 3/31/2012.
Investors can access to the profits of Forex trading platform through PAMM accounts that allows having an experienced investor trading for them. Profit of the account compensates the managers.
Different methods of funding are available. Traders need to choose the one suitable for them. The list of the options includes debit or credit card, Union Pay (only for China), Skrill and Alert Pay. Deposits through third party are not allowed. In the name of the client funds must be transferred from a card or account. Extra charges are applied if deposits are made in Japanese Yen.
Accessible Trading Platforms
MetaTrader 4 is the trading platform offered by Thinkmarkets like most of the other traders. Experienced Advisors are working with this well-known platform that has the capability of generating advanced charts. Free of cost MYFX console is available in variable 10 language options.
NDD better known as No Dealing Desk is offered by MT4 trading platform. Leverage for the transactions is 100:1 with a pricing of 5 digits. Minimum size of trade is lots .10 and it requires a funding of about $ 10,000.
Mobile platform developed by MT4 offers apps related to smartphone that allows trading at any time and at any place. Specified apps are designed and developed for the popular mobile platforms like that of iPad, Windows, Android, iPhone and Blackberry. The exciting and popular MT4 interface is now available in the mobile devices of the clients. The mobile trade platform as offered by MT4 is an exciting development in the Forex platform as investors are allowed with easy navigation options to the accounts.
Multi Account Manager as available in Thinkmarkets permits Money Managers to offer accounts for more than 5 clients and the investors’ number is limitless and also to the amount invested in the account. As the traders have these accounts, they are allowed to deposit and withdraw amount spent on investment purposes. An account manager of dedicated nature is present in this NDD account. Options of reporting include analysis based marketing materials that affects the performance. Experienced advisors allow the management to trade on manual mode.
Investors can navigate their trading accounts through Internet services as available on mac or pc with the help of WebTrader platform. Fast No Dealing Desk offer executions are offered by these accounts with the leverage limit extended till 400:1. Standardized pricing of five digits is available and also single click trading option is available. User doesn’t need to download anything for the platform. Only access for web is necessary.
Quick NDD operations are possible through the SpeedTrader platform bearing the leverage limit up to 100:1. A minimum fund amount of $10,000 is required and along with the spread, an additional 8.units commission is available for each 100,000 units that are traded.
Automatic trading strategy with fast speed is allowed for the traders through Mirror Trader option as it applies technology. Tool options that are available include live signals, charts, indicators, market sentiments, rates and analysis. Semi-automatic mirroring, manual trading and automatic mirroring are available in the similar platform.
Support and Education
Educate the traders joining this platform for the first time with the weekly revealed webinars and the video based tutorials as available in this trade platform. Automated strategy generated instructions and trade resources are available for Thinkmarkets traders.
The available options of languages include English, Chinese and Japanese as the most popular languages. Ten different language options are available in MT4 trade platform.
Customer support services are available for (24/5) hours through phone number, mail address and live chat.