de | cn | ru

Brokers News

ThinkForex Cuts Spreads on Spot Gold and Silver Trading

Jul 15 2013

This July, ThinkForex is on fire – it's still the middle of the month and the broker has already managed to introduce a number of improvements to its services – a new webtrader, an analysis blog, new account types, and a Refer-A-Friend program. One would think that with all this done, the broker would go on vacation somewhere in the Northern hemisphere for the rest of the month, lie on the beach and keep cocktails coming. 

Instead, the broker has decided to stay in Australia, where it's currently winter, and come up with more ideas on improving its offering. The latest one? ThinkForex is cutting the spreads on its Gold and Silver pairs. 
As of now, the spread on the Gold vs. US dollar pair is as low as 20 pips - way below the industry average which ranges between 35 and 60 pips.'s spread for the same pair, XAU/USD, for example, is 35 pips. The only other broker supporting such a low spread for Gold is FXDD.
The other match that ThinkForex offers on Gold is versus the Euro, and the new spread on the XAU/EUR is 50 pips, against's 61 pips. 
When it comes to silver trading, ThinkForex's spread is average – about 2 cents, the same as the spread over at 
"Our exceptional partnerships with all out top-tier liquidity providers allow us the ability to offer traders some of the best metal trading conditions in the market today," commented on the change Faizan Anees, Managing Director for ThinkForex. "With our trading servers being hosted on the same grid as major international banks and liquidity providers, we are able not only to provide exceptional superior execution, but also lower transactional cost,” he added. 
The low spread is not the only benefit of trading spot metals with ThinkForex – the broker offers traders leverage between 1:50 and 1:500, when most of the other brokerages would only go as high as 1:100 or 1:200 when it comes to precious metals. Another advantage is that metals (which by the way include Platinum and Copper as well as Gold and Silver) can be traded on all the platforms offered by ThinkForex – MT4, ZuluTrade and Mirror Trader. 

About ThinkForex

ThinkForex is a leading international forex broker headquartered in Melbourne, Australia. It offers traders extremely fast, low latency NDD execution, competitive spreads, swap-free accounts and full hedging. The broker’s customers enjoy excellent promotions on a regular basis, and its highly professional customer support team is available around the clock.
ThinkForex was named "Fastest Growing FX Broker" at the MENA Forex Awards 2012 in Dubai and "Best Forex Customer Service" at the UK Forex Awards 2012 in London. 
TAGS: forex broker  forex trading  forex  spot gold  spot silver  precious metals trading  ThinkForex  forex spread 

More news about ThinkMarkets

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Brokers News

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons:    a) it’s playable;  b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

  Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

de | cn | ru