ThinkForex Review, Ratings, Pros and Cons

ThinkForex review. ASIC regulated Australian Forex Broker offering Forex & CFD’s to traders across the world. Explore a smarter way to trade.

ThinkForex ReviewThinkForex is a leading international Foreign Exchange broker that projects itself as ‘the smarter way to trade Forex’. Founded in the year 2010 and regulated by FSCLP (Financial Services Complaints Ltd) and FSP (Financial Service Providers), some of the highlights of this brokerage company are that it offers a great trading platform, smooth execution of trading transactions, free VPS and a great practice account.

Markets Covered

ThinkForex only covers two markets and the first amongst them is a no-brainer since it is quite apparent from the name of the brokerage company that it covers the Foreign Exchange or Forex market. The second market that it covers is the metal market. Clients of ThinkForex can engage in gold and silver trading.

Accounts and Conditions

ThinkForex offers the standard account types namely a demo account, an individual account, a joint account (for those who prefer to have another partner for managing the trading account) and a corporate account for companies. In case of the funded account, the next step that one needs to take after selecting one of the above standard types would be to take a pick from these three options namely a MetaTrader 4 account, Reflect Accounts and Direct accounts. Reflect accounts basically allows the account holder to use trading tool like ZuluTrade and MirrorTrader while the Direct accounts offer the SpeedTrader and SpeedTrader Pro tools. Needless to say, the account features for these differ from one another.

Opening an Account

Opening a demo account with ThinkForex can be accomplished in two simple steps which entail entering personal details and reading the terms and conditions. In case of a live account, one can open the account in three simple steps which are keying in details, sending the application and waiting for the application to get processed. If the application has been approved then one can have access to the live Forex account in forty eight hours’ time at the maximum.

Funding Options

The different types of deposit methods accepted by ThinkForex are Skrill or MoneyBookers, BPay, Debit card, Credit Card and Bank Wire. As for the deposit currency, one can fund the accounts using currencies like THB, SGD, CHF, NZD, CAD, AUD, EUR, JPY, GBP and last but not least USD. The fact that ThinkForex accepts so many different kinds of currencies is definitely a huge plus point for the company.

Trading Platforms

Thanks to the availability of different trading platforms like Metatrader 4, SpeedTrader and webtrader, users are provided with the opportunity to trade in a style and way that is comfortable for them. A unique thing about trading with ThinkForex is that the trader is free to trade in any desired style. Thus, one can engage in hedging, scalping and other similar trading styles.

Tools and Research

The clients or traders of ThinkForex are its top priority and therefore the brokerage company offers a variety of tools and research to help its traders make informed decisions when it comes to Forex trading. The trading tools offered by ThinkForex, like Mirror trader, Zulutrade, SpeedTrader are the best in the industry and they do a great job at reducing the odds of a bad trading decision.

Education – ThinkForex Review

Education pertaining to Forex trading is offered to users in the form of weekly webinars and ‘FX University’ which is a collection of materials useful for beginners and advanced traders. They also have a section for those who are getting started and for those who would like to engage in automated trading.

Customer Support

Just like any other reputed online Forex brokerage, ThinkForex offers live chat service, six country-specific helpline numbers and email IDs.

What Makes ThinkForex Different?

Even though ThinkForex is not the only online Forex brokerage company out there, it did manage to get a strong foothold in the industry courtesy of its innovative trading platforms, award-winning customer service and a perfect trading environment for all types of traders. Open an account now…

 

One Response to ThinkForex Review, Ratings, Pros and Cons

  1. gdolenc September 16, 2015 at 3:05 pm #

    We’re delighted to inform you that you can now fund your account using Neteller – the instant and secure wallet service.

    How to fund your account with Neteller
    1. Sign in to ThinkPortal
    2. Select ‘Funding’
    3. Choose the account you want to fund from the dropdown list
    4. Select ‘Wallet payment providers’
    5. Under Neteller, select ‘Deposit now’

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