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 and cons of ThinkMarkets

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.

What type of broker is ThinkMarkets？

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.

General Information and Regulation of ThinkMarkets

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.

Market instruments

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.

Spreads and commissions for trading with ThinkMarkets

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.

Trading accounts available at ThinkMarkets

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.

Trading platform offered by ThinkMarkets

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.

ThinkMarkets maximum leverage

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.

Deposit and Withdrawal: methods and fees

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.

Education at ThinkMarkets

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.

ThinkMarkets Customer Service

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.

Conclusion

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.

Frequently asked questions about ThinkMarkets

• 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.

BCR	Basic Information
Registered Country	Australia
Founded	2008
Regulation	ASIC, FSC (Offshore)
Tradable Assets	Forex, CFDs on metals, commodities, indices
Account Types	Standard, Advantage, Alpha, and Affiliate.
Demo Account	Yes
Islamic Account	Not specified
Maximum Leverage	400:1
Spreads	From 3.0 pips
Trading Platforms	MT4
Minimum Deposit	$300
Payment Methods	Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, USDT
Customer Support	24/5 online chat, contact form, phone: +44 3300010590, email: info@thebcr.com, social media

General information

BCR is an Australian forex broker that was established in 2008 under the company name BACERA CO PTY LTD. The broker is regulated by ASIC (Australian Securities and Investments Commission) and offshore regulated by FSC (Financial Services Commission), ensuring compliance with financial regulations and providing a level of trust and security for traders.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros	Cons
• Regulated by ASIC	• Limited Account Types
• Demo Account	• Wide Spreads
• Commission-free	• No 24/7 Support
• Advanced MT4 Trading Platform
• Various Market Research Tools

Pros:

• Regulation: BCR is regulated by ASIC (Australian Securities and Investments Commission), which provides a level of security and trustworthiness for traders.

• Demo Account: BCR provides a demo account, allowing traders to practice and test their trading strategies in a risk-free environment.

• Commission-free: BCR offers commission-free trading for all account types.

• Advanced Trading Platforms: BCR provides access to advanced MT4 trading platform, offering comprehensive charting tools, indicators, and automated trading capabilities.

• Market Research Tools: BCR offers various market research tools, including economic calendars and market live, to help traders stay informed and make well-informed trading decisions.

Cons:

• Limited Account Types: BCR only offers two account types, which could restrict options for traders with specific needs or preferences.

• Wide Spreads: BCR offers spreads from 3.0 pips, while the industry average spread is just 1.5 pips.

• Customer Support Availability: The availability of customer support might be limited outside of regular business hours, which could be inconvenient for traders in different time zones or those requiring immediate assistance.

Is BCR Legit or a Scam？

BCR operates within a well-regulated framework, authorized and regulated by respected financial authorities, including the Australian Securities and Investments Commission (ASIC, No. 328794) and offshore regulated by the Financial Services Commission (FSC, No. SIBA/L/19/1122) in the Virgin Islands.

This regulatory oversight ensures that BCR complies with stringent financial regulations, industry standards, and best practices. The ASIC and FSC play a crucial role in monitoring and supervising Doo Prime's operations, ensuring that the broker maintains transparency, ethical practices.

Additionally, BCR's practice of keeping segregated client funds means that client money is kept separate from the company's own funds. This can offer an additional layer of security for traders, since in the event of a company bankruptcy, these funds would not be treated as recoverable assets by general creditors of the company. This practice is common among regulated brokers as it provides more protection for traders' investments.

Market Instruments

Forex, CFDs on metals, commodities, indices... BCR allows clients to access 300+ trading markets. Therefore, both beginners and experienced traders can find what they want to trade on BCR.

This includes prominent global forex currency pairs, allowing for trading in the foreign exchange market.

They also offer CFDs on metals, which may include precious metals like gold and silver, as well as industrial metals.

In addition, traders can access CFDs on commodities, from energy sources like oil and gas to agricultural products.

This is extended to indices, tracking performance of groups of shares in a particular market or sector.

However, cryptocurrencies are currently unavailable.

This extensive offering enables traders to diversify their portfolios and engage in different markets based on their investment preferences and strategies.

Account Types

Apart from demo accopunts, BCR offers four live account types: Standard, Advantage, Alpha, and Affiliate. All account types provide leverage up to 400:1, a 50% stop-out level, micro-lot trading (0.01), and access to single stock CFDs, except for the Alpha account. The minimum deposit requirements range from $300 USD for the Standard and Advantage accounts to $3,000 USD for the Affiliate account. Spreads start from 1.2 pips for the Advantage account, with the Alpha account offering zero spreads. Additionally, the Advantage account charges a $3 USD commission per lot per side. The lot size per transaction is capped at 20 for all account types.

How to Open an Account？

Here are four specific steps to open an account with BCR:

Step 1: Visit the BCR official website: Go to the BCR website using a web browser on your computer or mobile device. Navigate to the account opening section: Look for the “Join Now” button on the website on the homepage.

Step 2: Fill out the account application form: Click on the account opening button/link, and you will be directed to an online form. Provide the requested information, including your full name, contact details (such as phone number and email address), and password.

Step 3: Submit identification documents: As part of the account verification process, BCR may require you to provide identification documents. These documents may include a copy of your passport or national ID card, proof of address (such as a utility bill or bank statement), and any other documents requested by the broker.

Step 4: Review and agree to the terms and conditions: Before finalizing your account creation, carefully read through the terms and conditions provided by BCR. Make sure you understand and agree to all the terms before proceeding. If you have any questions or concerns, you can contact their customer support for clarification.

Leverage

BCR provides traders with maximum levearge up to 400:1.

Leverage, in simple terms, is a tool that enables traders to control a larger position in the market with a smaller amount of capital. It can be a valuable tool for experienced traders who understand its risks and benefits. By using leverage, traders can potentially generate higher returns on their investments.

However, leverage is a double-edged sword. While it can enhance profits, it can also magnify losses. Traders should exercise caution and implement effective risk management strategies when utilizing leverage. It is crucial to have a thorough understanding of the market and the associated risks before engaging in leveraged trading.

Spreads & Commissions

BCR provides traders with a variety of options when it comes to spreads and commissions, catering to different trading needs and preferences. The Standard account offers a zero-commission trading environment, allowing traders to execute trades without incurring any additional charges. Spreads for the Standard account start from 8.0 pips.

For those seeking even tighter spreads, the Advantage account is available. With spreads starting from 3.0 pips and no commissions, this account offers enhanced trading conditions for traders looking to optimize their trading strategies and minimize their trading costs.

Spreads and commissions vary on the trading symbol, more details can be found in the screenshot below.

Trading Platforms

BCR provides traders with a versatile trading platform that encompasses the renowned MT4 (MetaTrader4) platform as well as a user-friendly webtrader. The MT4 platform is highly regarded in the industry for its robust features and comprehensive tools, empowering traders with advanced charting capabilities, technical indicators, and a wide range of order types to suit their trading strategies. With MT4, traders can analyze market trends, execute trades with precision, and effectively manage their positions.

Deposit & Withdrawal

BCR provides its customers with a variety of payment options, catering to different banking preferences. The options available for depositing and withdrawing funds include Bank transfer, MasterCard, Direct Debit, Visa, UnionPay, Fasapay, helpay2, NPAY, Skrill, Neteller, POLi, and USDT. This selection gives traders a good deal of flexibility.

In terms of withdrawal request processing, BCR operates a specific schedule. The cut-off time for processing on the same day is 10:00 AM. Requests submitted before this time will be processed on the same day, whereas requests submitted afterwards will not be processed until the following business day.

Additionally, BCR does not charge any fees for deposits or withdrawals. However, transactions between international banks might incur fees such as intermediary fees.

Trading Tools & Education

BCR is dedicated to providing its clients with a comprehensive trading experience by offering valuable trading tools and educational resources.

Their economic calendar is a must-have tool for traders, allowing them to stay informed about important economic events that have the potential to impact the markets. Identifying these events can help with planning trading strategies.

Their glossary is an excellent educational resource, especially for beginner traders. It provides definitions for numerous terms used in trading, helping traders become familiar with industry jargon.

Additionally, BCR offers a 'Market Live' feature, which provides real-time updates about market conditions and trends.

These tools, combined with their educational resources, assist traders in making informed decisions and understanding the complexity of the markets, which ultimately contributes towards a more efficient trading experience.

Customer Support

Customer support through multiple channels, including phone, email, contact form and online chat. This multi-channel approach ensures that traders have various options to reach out for assistance or inquiries.

By offering phone support, BCR allows traders to have direct communication with their support team, enabling them to receive real-time assistance and resolve any urgent matters.

Email support provides traders with a written record of their communication, allowing them to articulate their queries or concerns in detail and receive responses at their convenience.

Additionally, BCR's online chat support enables traders to have quick and direct interactions with a support representative. This live chat feature allows for instant messaging and real-time responses.

Below are the details about customer service.

Language(s): English, Chinese, Vietnamese, Japanese, etc.

Service Time: 24/5

Live chat, Contact Form

Email: info@thebcr.com

Phone: +44 3300010590

Social Media: Facebook, Twitter, Instagram, LinkedIn

Address: BCR Co Pty Ltd, Trident Chambers, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands.

Frequently Asked Questions (FAQs)

Q 1:	Is BCR regulated well？
A 1:	Yes. It is regulated by ASIC and offshore regulated by FSC.

Q 2:	What assets can I trade with BCR？
A 2:	Forex and CFDs on metals, commodities, and indices.

Q 3:	Does BCR offer demo accounts？
A 3:	Yes.

Q 4:	Does BCR offer industry leading MT4 & MT5？
A 4:	Yes. It supports MT4.

Q 5:	What is the minimum deposit for BCR？
A 5:	$300.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and 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.