Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.
ThinkForex is a Forex broker based in Melbourne, Australia and founded in 2010. They are regulated by Financial Conduct Authority (FRN 629628) and provide trading services in Forex, CFDs, and Spread Betting. A number of instruments are offered for trading including Fx pairs, metals, indices, energies, and alternatives. Think Forex offer their clients the popular Metatrader 4, in various formats for windows, Mac, android phones, iPhone as well as a web browser based version of the programs.
Deposit and withdrawals can be processed through a standard bank wire transfer, credit/debit cards or through the online payment processors Neteller or Skrill. A 2% fee on your deposits applies if you use Neteller or Skrill, and a $5 fee is charged on withdrawals via credit cards. A minimum $250 deposit is required before they activate your real account, where you will get a 1:500 leverage with the smallest possible trading size of 0.01 lot.
Forex, CFDs, Spread Betting, Autotrade, Autochartist
Forex, metals, indices, energies, alternatives
Afghanistan, Former Yugoslavia, Angola, Gambia, Nigeria, Aruba, Ghana, North Korea, Belarus, Guinea, Bolivia, Guinea, Pakistan, Botswana, Haiti, Papua New Guinea, Iran, Pitcairn Island, Burma (Myanmar), Iraq, Rwanda, Cambodia, Ivory Coast, Senegal, Central African Republic, Japan, Sierra, Leone, Chad, Kyrgyzstan, Somalia, Cote d'Ivoire (Ivory Coast), Lebanon, Swaziland, Cuba, Lesotho, Syria, Democratic Republic of Congo, Liberia, Tajikistan, Djibouti, Libya, Tanzania, Ecuador, Laos, Togo, Eritrea, Mali, Turkmenistan, Ethiopia, Mongolia, Uganda, Falkland Islands, Namibia, United States of America, Fiji, Nicaragua, Yemen, Zimbabwe
MT4 WebTrader, MT4 for Mac, MT4 for Asset Managers, Mobile trading, MT4 for iPhone, iPad, Android, Windows, Blackberry, cTrader, cWeb, cAlgo, cTrader ECN Execution
Apple - Yes, Android - Yes
ThinkForex do not charge commissions for their standard accounts and they do not charge an inactivity fee shall you decide to stay away from the market and don’t take any trades for a prolonged period of time. This broker will also execute your orders at your specified price under any conditions in the market, hence, they offer to clients the guaranteed stop loss and guaranteed limit orders.
ThinkForex is an MT4 broker and welcomes traders who want to use expert advisors and automated trading systems. A virtual private server is also supported. You can freely place any hedging trades you may want. They provide direct market access and execute orders in the straight through processing mode.
For traders who need a halal account, appropriate swap free accounts are offered. And lastly, if you want to be alerted when the market reaches your desired price then ThinkForex can send you an alert of this event. They also provide signal trading features.
Traders looking for a bonus may be disappointed because ThinkForex at the moment offers no bonuses to new or existing clients. Additionally, a lot of countries are not accepted and a lot of traders will not be able to open an account with them. Also, fixed spreads are not something you will find at ThinkForex. For traders who want to trade a wide variety of instruments may find that the limited instruments available by ThinkForex an issue and may find a better alternative in our comparison of CFD Brokers.