ThinkForex logo

ThinkForex Review

Trust Rating AWhat's this?

How BrokerNotes Trust Rating is Calculated:

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.

 
  • Regulated by the Australian Securities & Investments Commission (ASIC)
  • True ECN broker, with DMA and STP
  • Provides good automated trading features like VPS
  • 6 years in business (established in 2010)
  • Client funds are held in segregated bank accounts

Free demo account
T's & C's apply.

Claim bonus Start trading with ThinkForex Open a practice account
Losses can exceed deposits. Your capital is at risk.

BROKERNOTES

#1 FEATURED BROKER
Featured broker
ETX Capital logo
  • Regulated by the Central Bank of Ireland
  • Used by 200,000+ traders
  • Over 11 years in business
Visit ETX Capital to start trading

ThinkForex Review

ThinkForex
Trust Rating A
  • Regulated by the Australian Securities & Investments Commission (ASIC)
  • True ECN broker, with DMA and STP
  • Provides good automated trading features like VPS
  • 6 years in business (established in 2010)
Visit ThinkForex to start trading

ThinkForex Overview

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.

ThinkForex screenshot

ThinkForex Spreads from (view all)

See all ThinkForex spreads
  • Website

    www.thinkforex.com

    Min. Deposit: 250

  • Services Offered:

    Forex, CFDs, Spread Betting, Autotrade, Autochartist

    Min. Trade: 0.01 lot

  • Instruments:

    Forex, metals, indices, energies, alternatives

    Max. Trade: None

  • Excluded countries:

    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

    Margin: .02%

  • Platforms:

    MT4 WebTrader, MT4 for Mac, MT4 for Asset Managers, Mobile trading, MT4 for iPhone, iPad, Android, Windows, Blackberry, cTrader, cWeb, cAlgo, cTrader ECN Execution

    Leverage: 1:500

  • Apps:

    Apple - Yes, Android - Yes

    Commission: None, except 3 units per side on Pro accounts

  • Payments & Withdrawals:

    Payment methods

ThinkForex Pros & Cons

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.

  • No inactivity fee
  • Offers tight variable spreads
  • Has guaranteed stop losses & limit orders
  • Allows one click trades
  • Has trailing stops
  • Offers price alerts
  • Allows Hedging
  • Allows Scalping
  • Allows EA integration and automated trading
  • Offer VPS services
  • Offers DMA/ECN/STP Account
  • Offers Islamic accounts
  • Available in 10+ languages
  • Charges withdrawal fees
  • Charges deposit
  • Does not offer fixed spreads
  • Limited range of markets
ThinkForex
89/ 100

ThinkForex Bonuses & Promotions

Free demo account

Ts & Cs apply.Your capital is at risk, losses can exceed deposits. Claim this bonus & start trading
BROKERNOTES TOP PROMOTIONS
*T's & C's apply

Compare brokers similar to ThinkForex

Still not sure which broker’s right for you? See 10 ThinkForex alternatives or try our FREE broker matching tool

Financial spread bets and CFD trades are leveraged products, which means you could lose more than your deposits. If you’re hazy on exactly what that means, you shouldn’t trade.