Slippage is the difference between the price at which the order has been placed and the price at which it has been executed by the broker. The less slippage you get, the better your trading results will be.
Our slippage data about ThinkMarkets is sampled by 10 of the most popular forex trading strategies in Zulutrade.com
Kama-spot is a forex trading strategy, based on technical analysis. It trades mainly EUR/USD, GBP/USD and USD/CHF
Average profit: 14.0 pips
Average trade lifespan: 19 hours
Most traded pairs: EUR/USD, GBP/USD and USD/CHF
Average profit: 16.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 5 hours
Average pips/trade: 5.0
Average trade lifespan: 18 hours
Average pips/trade: 12.0
Average trade lifespan: 15 hours
Average profit: 28.0 pips
Average trade lifespan: 3 days
Average profit: 22.0 pips
Average trade lifespan: 13 hours
Average pips/trade: 9.0 pips
Average trade lifespan: 1 day
Average profit: 9.0 pips
Average trade lifespan: 11 hours
Average profit: 10.0 pips
|Account type||Minimum deposit||Minimum trade size||Maximum leverage||Spreads|
|Standard||$250||0.01||1:500||from 0.8 pips on EUR/USD|
|Pro||$2000||0.01||1:500||from 0.0 pips on EUR/USD + commission $3 per standard lot per side|
|Premium||$25 000||0.1||1:500||from 0.0 pips on EUR/USD + negotiable commission|
ThinkMarkets offers three account types – Standard, Pro & Premium, all of them accessible through the popular MetaTrader 4 platform and offering leverage up to 1:500. The Standard account is commission-free, while the other to offer tighter spreads and involve a commission. The Premium account is targeted at institutional clients.
This broker allows all types of trading styles (hedging, aggressive scalping, high speed trading) on a low latency platform.
Clients who are UK residents, may also opt for a spreadbetting account. The minimum initial deposit is £50, minimum contract size £1/point, leverage up to 200:1, spread from 0.8 points and no commission fees apply.
ThinkMarkets is a FX and CFD brokerage serving both retail and institutional clients. Since being founded in 2010 in New Zealand, the broker now has international presence with Clients in over 75 countries.
ThinkMarkets is a registered business name of TF Global Markets (Aust) Pty Ltd., authorised and regulated by the Australian Securities & Investments Commission (ASIC).
In order to serve EU-based clients, the broker has also set up a subsidiary in the United Kingdom - TF Global Markets (UK) Ltd. It is duly authorised and regulated by the Financial Conduct Authority (FCA).
London and Sydney are famous forex hubs, providing favorable conditions to both brokers and traders: the FIFO rule is not applicable, and there is no leverage cap.
The Australian and UK watchdog apply certain rules and requirements to license holders, the most important being the minimum capital requirements and clients’ money rule. Both ASIC and FCA-regulated brokers must keep client funds in segregated accounts, separated from the companies operating funds. In order to prove their good financial standing, UK-based brokerages must hold net tangible assets amounting to at least €730 000 and Australian ones - at least $ 1 million.
What is more, clients of UK brokers are covered the Financial Services Compensation Scheme (FSCS) coverage. In the event of a company insolvency, FSCS is able pay compensation up to a maximum of £50,000 per person per regulated entity. Besides, ThinkMarkets has launched an extra £1m insurance protection per client, underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London.
Australian FX broker regulation, however, does not include any compensation scheme in case a licensed company becomes insolvent.
Minimum Initial Deposit
The minimum deposit for opening a trading account with ThinkMarkets is $250, which is average. In comparison, AxiTrader, which also holds FCA and ASIC licenses, requires $200.
Average spreads & Commissions
ThinkMarkets offers floating spreads, which vary by account category. The ones on the Standard account start at 0.8 pips on EUR/USD, which is on the upper end of average, while the ones on the Pro & Prime account are dramatically lower - from 0.0 pips on EUR/USD. The Pro account, however, involves a commission of $6 round turn, so trading costs amount to at least 0.6 pips for this pair, commission included, which is quite competitive pricing, as average costs per lot are below 1 pip.
In comparison, leading global AxiTrader provides variable spreads from 1.0 pips on its commission-free accounts, and ECN account holders use spreads starting from 0.0 pip on EUR/USD, plus a commission of $7 round turn. You may look up and compare real-time spreads of 15 leading brokers here.
The maximum leverage rates at ThinkMarkets are up to 1:500. Such leverage is considered comparatively high, although many other FCA-and ASIC-regulated brokers offer similar or higher leverage rates. For instance, AxiTrader provides leverage up to 1:400, and XM - up to 1:888. You may check out a list of forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.
Please, be advised that investing in over-the-counter derivatives with high leverage involves significant risks. Higher leverage levels may multiply your earnings on a small deposit, but they may also lead to losses, exceeding initial investments.
Like most forex brokers, ThinkMarkets supports the popular MetaTrader4 (MT4) platform. It is preferred by most traders, because it is equipped with user-friendly interface, advanced charting package, a number of technical indicators, extensive back-testing environment and a variety of Expert Advisors (EAs). Besides, traders can host their trading strategies on a VPS, available for free to anyone who deposits $2000 or more.
ThinkMarkets has partnered with MyFXBook to offer its clients refined social trading with their exclusive AutoTrade platform. Traders can copy trades directly into their ThinkMarkets MetaTrader 4 account with no hassle.
What is more, ThinkMarkets utilizes some advanced trading tools, such as Autochartist, Economic calendar and Reuters news feed.
Autochartist is an advanced tool for the automatic identification of trade opportunities in the form of Chart patterns, Fibonacci patterns, and Key Levels. Autochartist’s proprietary technology allows their search engines to monitor thousands of financial instruments 24 hours per day uncovering trade opportunities as they occur.
Yet another advantage of this broker is that it has placed the Equinox trading servers at the same location as its top tier 1 liquidity providers, which allows its clients to achieve extremely fast execution.
Promotions & Training
Lucrative promotions and bonuses are something else that you can expect to see regularly from ThinkMarkets.
At the time of writing this review, the broker offers Refer-a-Friend bonus of $50, and the referred person who opens a live account with ThinkMarkets, is also entitled to $50.
What's more, ThinkMarkets offers access to FX University: a sophisticated online forex school suitable for absolute beginners, as well as for advanced traders. The best part is that you don't need to worry about tuition fees, as FX University is completely free of charge. Free webinars on different topics are available on a weekly basis.
Clients of ThinkMarkets can make deposits to and withdrawals from their accounts via credit/debit cards, (Visa, MasterCard, Maestro), bank wire, Skrill, and Neteller. There are additional payment methods available in different countries.
ThinkMarkets enables clients to open accounts and deposit funds in USD, EUR, GBP, CHF and AUD.
ThinkMarkets is a well-regulated award-winning broker, offering trading in various currency pairs and CFDs on the renown MT4 platform, pretty attractive conditions, advanced trading options and fast execution speed. In a nutshell, here are the advantages and disadvantages with regards to this broker:
|Strong regulation||No choice of trading platforms, no web-based one|
|MT4 available, fast execution speed|
|High leverage levels|
|Attractive promotions & extensive educational resources|
FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.
FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
|Cyprus||CySec||MT4, MT5, Web||$5||Review Website|
|US, UK, Australia||CFTC/NFA, FCA, ASIC||MT4, Web,
|UK, Australia, Singapore||FCA||MT4, Web,
|UK, Cyprus||FCA, CySec||MT4||$5||Review Website|
|UK, Cyprus||FCA, CySEC||MT4, MT5, Web,
|UK, Bulgaria||FCA, FSC||Web||$150||Review Website|
|Belize||IFSC||MT4, MT5||$100||Review Website|
|Cyprus||CySEC||MT4, MT5||$300||Review Website|
|New Zealand||FMA||MT4||$1000||Review Website|