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Do you want to know which is the better broker between CMCMarkets and ThinkMarkets ?
In the table below, you can compare the features of CMCMarkets , ThinkMarkets side by side to determine the best fit for your needs.
EURUSD: 0.3
XAUUSD: 0.3
Long: -7.3
Short: 1.01
Long: -34.21
Short: 16.53
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of cmc-markets, thinkmarkets lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Registered in | Australia |
Regulated by | FCA, FMA, MAS, IIROC |
Year(s) of establishment | Above 20 years |
Trading instruments | forex, indices, commodities, cryptos and stocks, treasuries, ETFs |
Minimum Initial Deposit | $0 |
Demo account | Yes |
Maximum Leverage | Information not available |
Minimum spread | 0.7 pips onwards for EURUSD |
Trading platform | MT4 and its own platform CMC Markets Invest. |
Deposit and withdrawal method | POLi, PayPal, credit and debit card, plus bank transfers. No cash or cheque. |
Customer Service | 24/5, phone number, address, live chat, social medias |
Fraud Complaints Exposure | No for now |
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros of CMCMarkets:
Regulatory Compliance: Being registered in Australia and regulated by reputable authorities like FCA, FMA, MAS, and IIROC, CMCMarkets provides a sense of trust and security for traders.
Wide Range of Trading Instruments: With access to forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs, CMCMarkets offers a diverse portfolio for traders to choose from.
Flexible Account Options: CMCMarkets provides a variety of account types, including standard and alpha accounts, catering to different trading preferences and experience levels.
Free Demo Account: The availability of a free demo account allows traders to practice and familiarize themselves with the platform before risking real money.
Multiple Trading Platforms: CMCMarkets supports the widely used MT4 platform, known for its advanced features, as well as their proprietary platform CMC Markets Invest, offering versatility for traders.
Educational Resources: The company offers a comprehensive range of educational resources such as video tutorials, glossary, webinars, eBooks, podcasts, and news analysis to help traders enhance their knowledge and skills.
Customer Support: CMCMarkets provides 24/5 customer support through various channels, including phone, live chat, and social media platforms, ensuring prompt assistance and resolving queries effectively.
Cons of CMCMarkets:
Maximum Leverage Unknown: The lack of information regarding the maximum leverage offered by CMCMarkets can be a limitation for traders who rely on leverage as a trading strategy.
Limited Information on Spreads and Commissions: The absence of detailed information about spreads and commissions may make it challenging for traders to accurately assess the cost of trading on the platform.
Dormancy Fee: CMCMarkets charges a dormancy fee if there is no trading activity for 12 months, which may pose an additional cost for inactive accounts.
Merchant Fees for Deposits: Deposits made via credit or debit cards attract merchant fees, which can add to the overall transaction costs for traders.
Withdrawal Restrictions: The limitation on withdrawing funds only up to the initial deposit amount on the registered card may restrict traders' flexibility in managing their funds.
Limited Availability of Information on Leverage, Deposits, and Withdrawals: The provided information lacks specific details regarding leverage options, minimum deposit requirements, and withdrawal processing times, which may require traders to seek additional clarification.
Advantages | Disadvantages |
CMCMarkets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' trades, CMCMarkets has a potential conflict of interest that may lead to decisions that are not in the best interest of its clients. |
CMCMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, CMCMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of the leverage offered. However, this also means that CMCMarkets has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interests of their clients. It is important for traders to be aware of this dynamic when trading with CMCMarkets or any other MM broker.
CMCMarkets is an established brokerage firm registered in Australia and regulated by FCA, FMA, MAS, and IIROC. With over 20 years of experience, they offer a wide range of trading instruments including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders can access their services through the popular MT4 platform as well as CMC Markets Invest. CMCMarkets provides a flexible account structure with no minimum initial deposit requirement and offers a free demo account for practice trading. They have a strong customer support system, available 24/5, and provide various educational resources to assist traders in their financial journey.
In the following article, we will analyze the characteristics of this broker in all its dimensions, providing you with easy and well-organized information. If you are interested, read on.
CMC Markets provides a diverse range of trading instruments to cater to the needs of different traders. With CFD trading, users have the flexibility to go long or short on a variety of assets including forex, indices, commodities, and cryptocurrencies. This allows traders to profit from both rising and falling markets, maximizing their trading opportunities. In addition, CMC Markets offers share investing, enabling users to buy and sell shares and securities across 16 markets. This allows for a comprehensive portfolio diversification and investment in different sectors and industries. Furthermore, CMC Markets provides access to treasuries and ETFs, allowing traders to trade and invest in these financial instruments.
Advantages | Disadvantages |
Competitive spreads for major currency pairs. | Spreads are indicative and may vary in volatile market conditions. |
Transparent commission structure for specific instruments. | Commissions apply to certain markets, which may increase trading costs. |
Clear information on minimum commission charges. | Dormancy fee charged for accounts with no trading activity for 12 months. |
Dormancy fee based on account currency, providing clarity for users. | Dormancy fee may be considered a disadvantage for inactive traders. |
Wide range of country-specific commission charges. | Commissions vary depending on the country/market, potentially impacting trading costs. |
CMC Markets offers competitive spreads for major currency pairs, with a live spread form indicating indicative prices. However, it's important to note that spreads may vary, especially during volatile market conditions. The company adopts a transparent commission structure, with commissions varying depending on the specific instruments traded. Traders can refer to the provided information to determine the commission charges applicable to their trades. It is worth mentioning that commissions are subject to minimum charge requirements, such as the minimum commission charge of US$10 for US shares. Additionally, CMC Markets implements a dormancy fee for accounts with no trading activity for 12 consecutive months, based on the account currency. While this fee promotes account activity, traders who remain inactive may incur additional costs. Traders should carefully consider these factors and evaluate their trading strategies to effectively manage spreads, commissions, and other associated costs.
Account currency | Monthly inactivity fee |
AUD | 15 |
USD | 15 |
HKD | 100 |
Country/market | Commission charge | Minimum commission charge |
Australia | 0.09% | AUD 7.00 |
UK | 0.08% | GBP 9.00 |
US | 2 cents per unit | USD 10.00 |
Austria | 0.08% | EUR 9.00 |
Belgium | 0.10% | EUR 9.00 |
Denmark | 0.08% | DKK 90.00 |
Finland | 0.08% | EUR 9.00 |
France | 0.06% | EUR 5.00 |
Advantages | Disadvantages |
Two live account options: Standard and Alpha. | Different account types may have varying features and requirements. |
Standard account offers zero brokerage fee for the first buy order up to $1,000. | Alpha account may have higher brokerage fees for certain buy and sell orders. |
Alpha account provides lower brokerage fees for most buy and sell orders. | Alpha account may have specific eligibility criteria or minimum balance requirements. |
Flexibility to choose an account type based on individual trading preferences. | Different account types may have different access to certain features or trading tools. |
Demo account available, allowing users to practice and familiarize themselves with the platform. | Account types may have specific terms and conditions, which traders should review before choosing. |
CMC Markets offers two live account types, Standard and Alpha, providing traders with options that suit their individual needs. The Standard account offers a unique advantage by providing zero brokerage fee for the first buy order up to $1,000. This feature allows traders to make their initial investment without incurring any brokerage costs. On the other hand, the Alpha account offers lower brokerage fees for most buy and sell orders, providing cost-saving opportunities for active traders. It is important to note that different account types may have specific eligibility criteria or minimum balance requirements, and traders should consider these factors when choosing an account type. Additionally, CMC Markets provides a free demo account, enabling traders to practice and familiarize themselves with the platform before opening a live account. Traders have the flexibility to select the account type that aligns with their trading preferences, taking advantage of the benefits offered by each option. It's recommended to review the terms and conditions associated with each account type to ensure a comprehensive understanding of the features, costs, and available support.
Advantages | Disadvantages |
MT4 platform widely recognized and popular. | CMC Markets Invest may have a learning curve. |
Access to a wide range of technical indicators and automated trading tools. | Limited features compared to CMC Markets Invest. |
CMC Markets Invest offers a proprietary platform. | Smaller community and fewer third-party plugins compared to MT4. |
Seamless integration with other CMC Markets services and features. | Compatibility limitations with certain operating systems or devices. |
User-friendly interface and intuitive navigation. | MT4 platform may require technical knowledge for advanced customization. |
Access to a wide range of trading instruments and market analysis tools. | Less frequent updates or improvements compared to CMC Markets Invest. |
CMC Markets provides traders with two platform options: MT4 and CMC Markets Invest. MT4 is a widely recognized and popular trading platform known for its extensive range of technical indicators and automated trading tools. It offers a user-friendly interface and provides access to a diverse set of features. On the other hand, CMC Markets Invest is a proprietary platform specifically designed for CMC Markets clients. It offers seamless integration with other CMC Markets services and features, providing a cohesive trading experience. While MT4 has a larger community and third-party plugins, CMC Markets Invest may have a learning curve for new users and a smaller community. Traders can choose the platform that suits their preferences, whether they prefer the familiarity and customization options of MT4 or the integrated features of CMC Markets Invest.
The maximum leverage offered by CMCMarkets is currently unknown. While leverage can provide traders with several advantages, such as greater trading flexibility, potential for higher profits, increased market access, and enhanced trading opportunities, it also comes with certain disadvantages. One of the primary disadvantages is the increased risk exposure, as leverage magnifies both gains and losses. Traders need to exercise caution and implement proper risk management strategies to avoid significant losses. Additionally, the use of leverage requires a good understanding of the market and trading principles to make informed decisions. It's important to note that the lack of information regarding the maximum leverage offered by CMCMarkets may make it difficult for traders to assess the level of risk involved in their trading activities.
Advantages | Disadvantages |
Multiple funding options (credit/debit cards, bank transfers) | Charges for credit card payments (1%) and debit card payments (0.6%) |
Convenient online withdrawal process | Additional charges for bank transfers from outside Australia |
Ability to withdraw funds to registered credit/debit cards | Limited withdrawal amount to initial deposit |
Withdrawal requests processed quickly | Possible requirement for additional information/proof of identity |
Secure withdrawal process |
The dimension of deposits and withdrawals with CMCMarkets offers several advantages and a few considerations to keep in mind. One of the advantages is the variety of funding options available, including credit/debit cards and bank transfers. The online withdrawal process is convenient, and funds can be withdrawn to registered credit/debit cards. Withdrawal requests are typically processed quickly, ensuring prompt access to funds. Additionally, the overall process is secure to safeguard user transactions. However, it's important to note that there are charges associated with credit card (1%) and debit card (0.6%) payments. Additional charges may apply for bank transfers from outside Australia. Moreover, withdrawals are limited to the initial deposit amount on the registered card, and there may be a requirement for additional information or proof of identity. Despite these considerations, the deposits and withdrawals dimension of CMCMarkets provides flexibility and efficiency for users managing their trading accounts.
Advantages | Disadvantages |
1. Wide range of educational resources available | 1. Some resources may require additional fees or charges |
2. Diverse formats including videos, webinars, eBooks, etc. | 2. Information overload can be overwhelming for beginners |
3. Official YouTube channel for additional video content | 3. Lack of personalized guidance or mentorship |
4. Comprehensive resources such as glossary and FAQ | 4. Quality of educational content may vary |
5. News and analysis provide up-to-date market insights | 5. Self-directed learning requires discipline and effort |
6. Accessible for users to enhance their knowledge |
The educational resources dimension at CMCMarkets offers a range of advantages to traders and investors. They provide a wide variety of educational materials, including videos, webinars, eBooks, podcasts, news, analysis, guides, and more. The availability of different formats ensures that users can choose the learning style that suits them best. Additionally, CMCMarkets has an official YouTube channel where users can find additional video content. The comprehensive resources, such as the glossary and FAQ section, help users understand key concepts and terms. The inclusion of news and analysis keeps users informed about market developments. Overall, these educational resources are easily accessible and can greatly enhance users' knowledge and understanding of the financial markets.
You may also visit their official YouTube channel to watch more videos. Here is a video about some basic knowledge that every trader should know.
Advantages | Disadvantages |
1. 24/5 contact availability for customer support | 1. Limited customer support availability on weekends |
2. Dedicated phone lines for CFD and Share Trading inquiries | 2. Potential waiting times to reach a customer support agent |
3. Multiple channels of communication (phone, social media) | 3. Lack of 24/7 customer support |
4. Convenient customer service hours for Share Trading | 4. Language limitations may exist for non-English speaking users |
5. Physical office address provides a sense of trust and security | |
6. Active presence on popular social media platforms |
The customer care dimension at CMCMarkets offers several advantages to users. Firstly, they provide 24/5 contact availability, ensuring that customers can reach out for support during weekdays. The dedicated phone lines for CFD and Share Trading inquiries allow for specialized assistance in each area. Multiple communication channels, including phone, social media platforms like Facebook, Twitter, LinkedIn, and YouTube, offer users flexibility in choosing their preferred method of contact. The convenient customer service hours for Share Trading align with market opening hours, enabling timely assistance. Additionally, the physical office address in Sydney provides customers with a sense of trust and security. CMCMarkets' active presence on popular social media platforms allows users to stay updated and engaged. However, it's important to note that there may be limitations to customer support availability on weekends and potential waiting times to connect with a representative.
In conclusion, CMCMarkets is an Australia-registered company that has established itself as a reputable and regulated broker in the financial industry. With over 20 years of experience, they offer a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. Traders have the flexibility to choose from different account types and access their platform through MT4 or their proprietary platform, CMC Markets Invest. The availability of a free demo account and extensive educational resources further enhance the trading experience for both novice and experienced traders. Customer support is readily available through various channels, ensuring prompt assistance and resolving queries effectively. However, the lack of information on maximum leverage, detailed spreads and commissions, as well as certain fees like the dormancy fee and merchant fees for deposits, could be considered as limitations. Despite these drawbacks, CMCMarkets' strong regulatory compliance, diverse trading offerings, and commitment to providing educational resources contribute to its appeal as a trusted brokerage firm. Traders should conduct thorough research and consider their individual needs before deciding to engage with CMCMarkets or any other broker.
Question: How can I fund my CMCMarkets account?
Answer: You can fund your CMCMarkets account by using a credit or debit card or by transferring funds from your bank account. Please note that third-party payments are not accepted, and additional charges may apply for bank transfers from outside of Australia.
Question: What are the trading platforms offered by CMCMarkets?
Answer: CMCMarkets provides two trading platforms: MT4 and their own platform called CMC Markets Invest. These platforms offer a range of features and tools to support your trading activities.
Question: Is there a minimum initial deposit required to open an account with CMCMarkets?
Answer: No, CMCMarkets does not require a minimum initial deposit. You can start trading with any amount you are comfortable with.
Question: Does CMCMarkets offer a demo account?
Answer: Yes, CMCMarkets provides a free demo account that allows you to practice trading with virtual funds. It's a great way to familiarize yourself with the platform and test your trading strategies without risking real money.
Question: How can I contact customer support at CMCMarkets?
Answer: You can contact CMCMarkets' customer support team by calling their phone number 1300 303 888. They are available 24/5 for CFD inquiries and have specific hours for Share Trading inquiries. You can also reach out to them through their official social media channels or visit their office in Sydney, Australia.
Question: What are the trading instruments available on CMCMarkets?
Answer: CMCMarkets offers a wide range of trading instruments, including forex, indices, commodities, cryptocurrencies, stocks, treasuries, and ETFs. This provides you with various options to diversify your trading portfolio.
Question: Does CMCMarkets charge any fees for deposits or withdrawals?
Answer: CMCMarkets does not charge any fees for deposit or withdrawal operations. However, please note that payment systems may have their own fees, and internal currency conversion rates may apply.
Registered in | Australia |
Regulatory status | FCA of the United Kingdom, CYSEC of Cyprus, ASIC of Australia and FSA of Seychelles. |
Year(s) of incorporation | 10-15 years |
Market instruments | Currency pairs, stocks, commodities, precious metals, energies, indices, cryptocurrencies... |
Minimum initial deposit | $500 / $0 |
Maximum leverage | 1:500 |
Minimum spread | From 0.0 pips |
Trading platform | MetaTrader5, MetaTrader4, proprietary platform |
Deposit and withdrawal methods | Credit/debit cards, skrill, neteller, cryptocurrencies |
Customer Service | E-mail/phone number/address/live chat |
Fraud allegations | Not yet |
This is a promotional video provided by the ThinkMarkets YouTube channel.
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
- It offers a wide variety of financial instruments for trading.
- It has several trading platforms, including MetaTrader4, MetaTrader5 and ThinkTrader.
- It offers a ThinkZero account with ultra-low spreads and high execution speed.
- The customer service team is multilingual and available 24/7.
- It has a wide range of educational resources for traders.
- It does not charge commissions for deposits or withdrawals.
Cons:
- Fees on the ThinkZero account can be high.
- The minimum deposit for the ThinkZero account is $500, which may be an obstacle for some traders.
- The standard account has wider spreads than the ThinkZero account.
- The regulation of the company is not clearly specified.
- Educational resources may be too basic for advanced traders.
Dimension | Advantages | Disadvantages |
Broker Model | ThinkMarkets offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' transactions, ThinkMarkets has a potential conflict of interest that can lead to decisions that are not in the best interest of clients. |
ThinkMarkets is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, ThinkMarkets acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that ThinkMarkets has a certain conflict of interest with its clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with ThinkMarkets or any other MM broker.
ThinkMarkets is a forex and CFD broker founded in Australia in 2010. The company has multiple regulations, including the UK FCA, Cyprus CYSEC, Australia ASIC and Seychelles FSA. This means that traders can be confident that ThinkMarkets meets strict safety and regulatory standards in all jurisdictions where it operates.
Advantages | Disadvantages |
Wide variety of trading instruments available | Does not offer trading in some specific markets |
Includes cryptocurrencies, stocks, indices and futures. | Some instruments have a higher than average spread |
Access to international markets with a single account | Batch sizes vary according to the instrument |
Portfolio diversification and hedging opportunities | Trading of some instruments may be limited |
ThinkMarkets offers a wide variety of trading instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures. Traders can access international markets from a single account, providing the opportunity to diversify and protect their portfolios.
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However, some instruments may have a higher than average spread, and lot sizes may vary from instrument to instrument. In addition, trading of some instruments may be limited in certain geographic regions. Overall, the wide range of trading instruments available is an important advantage of ThinkMarkets, but it is important to be aware of the possible limitations and additional costs associated with some instruments.
Advantages | Disadvantages |
Standard account without commissions | Higher spreads on standard account |
Low spreads on ThinkZero account | Commission on ThinkZero account |
Account options for traders of any level | Minimum deposit of $500 in ThinkZero account |
At ThinkMarkets, the costs associated with trading vary depending on the type of account. On the standard account, the average spread is 1.2 pips and there are no commissions, which makes it a good choice for beginner traders or those looking for a low-cost account. On the other hand, in the ThinkZero account, the average spread is 0.1 pips, but a commission of $3.5 per side is charged, which makes it more suitable for more experienced traders and larger scale trades.
Advantages | Disadvantages |
Standard Account: low minimum deposit | Standard Account: higher spreads |
Standard Account: no commissions | ThinkZero Account: high minimum deposit |
ThinkZero account: tight spreads | ThinkZero Account: commissions |
ThinkZero account: maximum lot size | |
Both accounts: leverage of 1:500 | |
Both accounts: 24/7 customer service |
ThinkMarkets also offers a demo account for traders to test the platform and its services without risk.
ThinkMarkets offers its clients two trading account options: the Standard Account and the ThinkZero Account. The Standard Account is suitable for beginner traders or those who wish to trade with a low minimum deposit without having to worry about commissions. This account offers average spreads of 1.2 pips and does not charge commissions on trades. On the other hand, the ThinkZero Account is ideal for more experienced traders looking for tight spreads and low trading costs. This account has average spreads of 0.1 pips and charges a commission of $3.5 per lot traded. Both accounts have leverage up to 1:500 and offer 24/7 customer support via live chat, email and phone.
Advantages | Disadvantages |
MetaTrader4 is a widely used trading platform with a wealth of technical analysis resources. | MetaTrader4 is not the most advanced trading platform available on the market. |
MetaTrader5 offers additional features, such as the ability to trade futures and options. | MetaTrader5 may have a steeper learning curve for new traders |
ThinkTrader is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience. | ThinkTrader may have fewer technical analysis resources compared to MetaTrader4 and MetaTrader5. |
All three trading platforms offer fast and reliable execution of trades. | By offering three different platforms, it can be overwhelming for traders to choose the right platform for their needs. |
ThinkMarkets offers its clients three different trading platforms: MetaTrader4, MetaTrader5 and ThinkTrader. MetaTrader4 is one of the most widely used trading platforms in the world and has earned a great reputation due to its ease of use and wide range of technical analysis tools and resources. MetaTrader5 is the most advanced MetaTrader trading platform, with additional features such as the ability to trade futures and options. ThinkTrader, on the other hand, is ThinkMarkets' proprietary trading platform, designed to provide a superior trading experience with advanced features, an intuitive interface and full customization.
Advantages | Disadvantages |
Possibility of making significant profits with a low initial investment | Increased risk of significant losses if the market moves against the trader |
Increases flexibility and trading opportunities | Increased exposure to market risk and unexpected events |
Allows traders to diversify their trading portfolio | Can lead to over-leveraging and over-exposure to risks |
Allows traders to maximize their earning potential in favorable market conditions | Requires adequate risk management to avoid significant losses |
Ideal for experienced traders who can handle high level of risk | Not suitable for inexperienced traders or traders who do not fully understand the risk associated with leverage. |
Leverage is an important tool in forex trading, as it allows traders to increase their buying power and have access to greater trading opportunities. At ThinkMarkets, the maximum leverage offered is 1:500, which means that traders can control a position up to 500 times the size of their account. However, it is important to note that high leverage also carries a higher risk, as the potential losses are also multiplied by the same proportion. Therefore, it is important that traders understand the risks associated with high leverage and use appropriate risk management tools when trading with high levels of leverage.
Advantages | Disadvantages |
Multiple deposit and withdrawal options, including bank transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. | ThinkMarkets may pass on charges from third-party vendors to customers, which could result in additional costs. |
ThinkMarkets does not normally charge commissions for deposits or withdrawals. | Third party payments are not allowed. |
ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. | |
Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. |
ThinkMarkets offers multiple deposit and withdrawal options for its clients, including bank wire transfer, credit/debit cards, cryptocurrencies and e-wallets such as Skrill and Neteller. Third-party payments are not allowed and ThinkMarkets does not normally charge deposit or withdrawal fees. In addition, ThinkPortal allows up to 24 transactions between transfers in a 2-hour period, which can be convenient for customers who need to make multiple transactions quickly. Withdrawal requests are typically processed within 24 hours during the week, which can result in a fast and efficient experience for customers. However, ThinkMarkets may pass on charges from third party providers to customers, which could result in additional costs.
ThinkMarkets offers a wide range of educational resources to its clients, including news, technical analysis, webinars, articles and more. These resources are available for free and are of high quality, which can be very useful for traders of all experience levels. In addition, the platform offers tools such as charts and an economic calendar that can help traders make informed decisions in the market. It also offers a structured and organized section in the form of courses, which can be an advantage for novice traders looking for more structured guidance. In addition, while the educational resources are accessible to all ThinkMarkets clients, there is no online community for traders to interact and share experiences.
Advantages | Disadvantages |
24/7 multilingual support | No waiting time specified in live chat |
Various forms of contact (e-mail, phone, live chat) | No support through social networks |
Support available for technical and account issues | It is not specified whether there is a dedicated team for trading or financial education questions. |
ThinkMarkets offers robust and accessible customer service through a variety of channels, including email, telephone and live chat, all available 24 hours a day, 7 days a week. The availability of multilingual support is especially helpful for customers around the world. In addition, the support team is trained to handle a wide range of problems, including technical and account issues. However, the wait time on live chat is not specified, which can be a source of frustration for some customers. In addition, there is no social media support and it is not specified whether there is a dedicated team for trading or financial education questions.
In summary, ThinkMarkets is a multi-regulated forex and CFD broker that offers a wide range of trading instruments with competitive spreads. The company also offers an advanced trading platform, 24-hour customer support and educational resources to help traders improve their trading skills and knowledge. If you are looking for a reliable and experienced broker in the market, ThinkMarkets is an excellent option to consider.
Question: How can I open an account with ThinkMarkets?
Answer: You can open an account with ThinkMarkets through their official website. Simply click on “Register” and follow the steps provided.
Question: What types of accounts does ThinkMarkets offer?
Answer: ThinkMarkets offers two types of accounts: the standard account and the ThinkZero account.
Question: What payment methods are available for depositing and withdrawing funds into my account?
Answer: Available payment methods include bank transfer, credit/debit cards (Visa and Mastercard), cryptocurrencies, Skrill and Neteller.
Question: What assets can I trade at ThinkMarkets?
Answer: ThinkMarkets offers a wide variety of financial instruments, including currencies, indices, energy, precious metals, cryptocurrencies, stocks, exchange-traded funds and futures.
Question: What is the maximum leverage offered by ThinkMarkets?
Answer: ThinkMarkets offers a maximum leverage of 1:500.
Question: What educational resources are available on ThinkMarkets?
Answer: ThinkMarkets offers a wealth of educational resources such as news, economic calendar, technical analysis, webinars, articles, glossary, indicators, charts and reports.
Question: What security measures does ThinkMarkets have in place to protect my funds and personal data?
Answer: ThinkMarkets uses state-of-the-art encryption technology to protect your personal and financial data. In addition, your funds are held in segregated accounts to ensure their safety in the event of company insolvency.
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive cmc-markets and thinkmarkets are, we first considered common fees for standard accounts. On cmc-markets, the average spread for the EUR/USD currency pair is Currency pairs 0.7 pips, gold0.3 US dollars, crude oil 0.03 US dollars pips, while on thinkmarkets the spread is From 0.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
cmc-markets is regulated by FCA,FCA,FMA,BaFin,AMF,CIRO,MAS,ASIC,BaFin. thinkmarkets is regulated by ASIC,FSA,FCA,CYSEC,FSA,FSCA.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
cmc-markets provides trading platform including Next Generation and trading variety including Forex, stocks, stock indexes, commodities, bonds, CFDs. thinkmarkets provides trading platform including ThinkZero,Standard and trading variety including --.