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ThinkForex Introduces Three New Account Types: Standard, Pro & Algo

Earlier today, Melbourne-based forex and commodities brokerage, ThinkForex, announced the launch of three new trading account types across all live registrations. Depending on the kind of initial deposit they’re willing to make, clients will now have the option of choosing between a Standard, Pro or Algo account.

 
For instance, if you’re thinking about starting an individual live account, you can do so with as little as $250 for Standard accounts, $2,000 for Pro and $25,000 for Algo. The minimum contract size for Standard and Pro accounts stands at 0.01 trading lots, while the one for Algo traders is a bit  higher -- 0.10 lots. Leverage for all three can go as high as 500:1 and spreads start from 0.8 pips, 0.2 pips and 0.1 pips respectively. Note that Standard accounts are not available for Corporation live registrations and Algo accounts can not be open for Swap Free accounts. The complete parameters for each account type can be found on the broker’s website which was also just redesigned.
 
As some of you probably remember, ThinkForex relocated from New Zealand to Australia, just at the end of January this year. Now, together with this newly enhanced account type offering, the broker reveals that it’s moving its headquarters to a still larger office in downtown Melbourne.
 
Nauman Anees, ThinkForex’s Managing Directior, comments: “We are deeply committed in building the ideal trading experience for all level of traders and these strategic announcements are just a step towards the ultimate goal of becoming the leading Forex and CFD broker in Australia. We are delighted to be moving into a larger office in the heart of Melbourne and to be launching our newly designed website with enhanced usability and functionality.”
 
May has sure been a busy and productive month for ThinkForex. Perhaps the most important decision the company made was to add the USDCNH (US dollar -- offshore Renminbi) to its list of tradable pairs. This not only makes ThinkForex the first Australian broker to offer yuan trading, but also constitutes a crucial strategic move as analysts anticipate that the Chinese currency’s popularity across the globe will continue to grow exponentially in the years to come.
 
 

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. For more information, please visit ThinkForex Australia.
 
 
 
 
TAGS: thinkforex  account types  standard  pro  algo  forex  forex broker  trader  trade 

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