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ThinkForex Review

  • Regulated by: Financial Conduct Authority and ASiC
  • Safety: segregates client funds
  • Trust Rating: B
Open ThinkForex's Website

Losses can exceed deposits. Your capital is at risk.

ThinkForex offer one way to trade: Forex.

To open a live account, you’ll need a minimum deposit of at least $250. Alternatively, ThinkForex offer a demo account that you can use to practice and familiarise yourself with their platform.

Regulated by the Financial Conduct Authority, UK (FRN: 629628), and ASiC (AFSL #424700). ThinkForex puts all client funds in a segregated bank account and uses tier-1 banks for this. ThinkForex have been established since 2010, and have a head office in Australia.

Before we dive into some of the more detailed aspects of ThinkForex’s spreads, fees, platforms and trading features, you may want to open ThinkForex‘s website in a new tab by clicking the button below in order to see the latest information directly from ThinkForex.

Open a demo account Visit ThinkForex

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

PROS

  • Segeregates client funds
  • Established in 2010
  • Regulated by Financial Conduct Authority and ASiC
  • Min. deposit from $ 250

CONS

What are ThinkForex's spreads & fees?

The spreads displayed below are based on the minimum spreads listed on ThinkForex’s website. The colour bars show how competitive ThinkForex’s spreads are in comparison to other popular brokers featured on BrokerNotes.

ThinkForex fixed spread is not available. If you believe this is incorrect please fill in our form

ThinkForex variable spread is not available. If you believe this is incorrect please fill in our form

See all Spreads

Example: How much would it cost to trade 1 lot of EUR/USD?

If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:

ThinkForex AvaTrade Plus500
Spread from: $0.00 $7.00 $6.00
Typical overnight fee: $8.40 $5.00 $9.40
Commission: 0 0 0
Total cost of a 100k trade: $8.4 $12 $15.4
+$3.60 more +$7.00 more
Visit ThinkForex Visit AvaTrade Visit Plus500

All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.

General Fees

  • ThinkForex doesn't charge inactivity fees
  • ThinkForex withdrawal fees varies on payment method

Overnight fees & swap rates

When you hold a position overnight, it is usually subject to overnight interest which you must pay to your brokerage (sometimes called a rollover fee or swap rate).

  • the roll over fee for long positions on EUR/USD is -$8.4
  • the roll over fee for short positions on EUR/USD is $3.40

Commissions

  • ThinkForex doesn't charge commission on CFD shares

What instruments can you trade with ThinkForex?

FX / Currencies ThinkForex AvaTrade Plus500
# of forex pairs offered 59 61
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs ThinkForex AvaTrade Plus500
# of commodities offered 16 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs ThinkForex AvaTrade Plus500
# of Stocks offered 99 1816
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
See ThinkForex's Instruments See AvaTrade's Instruments See Plus500's Instruments

What's the ThinkForex trading experience like?

1) Platforms and apps

ThinkForex offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.The combination of downloadable platforms for both Mac and Windows allows traders to trade with their device of choice.

ThinkForex Screenshot See ThinkForex's Platforms

ThinkForex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.

See ThinkForex's platforms

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

2) Executing Trades

ThinkForex allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As ThinkForex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, ThinkForex offer margin up to 0.04% on currencies.

Finally, we‘ve listed some of the popular funding methods that ThinkForex offers its traders on the right.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

3) Client support

ThinkForex support a wide range of languages including English, Chinese, Japan

ThinkForex have a BrokerNotes double AA support rating because ThinkForex offer over three languages,

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from www.thinkforex.com on November 21, 2017.