ThinkMarkets Scam?


ThinkMarkets is a forex broker with branches regulated in the UK, Australia and South Africa that offers both MetaTrader 4 and 5, as well as their proprietary platform – with virtual money demo accounts also provided by this firm.

This company provides 15 global indices, such as the Dow Jones Industrial Average. You can also trade individual stocks such as Coca-Cola, Amazon and Intel.

It is a scam

ThinkMarkets provides traders with access to a diverse array of assets, such as Forex, Cryptos, Stocks and Commodities. Their trading platforms (ThinkTrader and MT4) can be found both on Windows desktop computers as well as smartphones running Apple OSX or Linux and include cutting-edge APIs enabling traders to build custom tools or platforms of their own using cutting-edge API technology. In addition, high quality data centres ensure fast and reliable trade execution.

At ThinkForex, they offer standard accounts with spreads starting at 1.2 pips and no commission for trades, in addition to offering demo accounts and various educational resources geared toward every level of trader – tutorials, market news alerts and trend PDFs for instance.

Company regulations in Australia include ASIC (Australian Securities and Investments Commission), FCA in the UK and CySEC in Cyprus. Funds belonging to traders are segregated from broker assets in top-tier banks like Barclays, National Australia Bank and Commonwealth Bank of Australia for greater safety. Furthermore, traders can reach the broker via email, phone or live chat support teams if any problems arise during trading activities.

It is not regulated

ThinkMarkets is a global online broker providing forex, equities and CFD trading. Their platform features state-of-the-art trading technologies with unparalleled security suited for both novice traders as well as professionals alike. Their 24/7 client support team offers assistance and can answer questions related to trading or provide demo accounts so traders can practice without risking real money.

ThinkMarkets is overseen by numerous top-tier financial regulators worldwide. For example, its UK branch TF Global Markets (UK) Limited is subject to regulation by the Financial Conduct Authority and must segregate client funds, provide negative balance protection and enforce close-out margins in addition to being committed to honesty, transparency and security – with data transmission technologies constantly improved while expanding their range of assets such as cocoa, coffee robusta, platinum and WTI listed among their CFD offerings as CFD products; additionally multiple deposit/withdrawal methods (including cryptocurrencys).

It is not secure

ThinkMarkets provides its clients with a secure online trading environment, offering various account types – including ThinkZero spread-free trading – as well as providing VPS servers to enhance the trading experience and multiple languages and strategies, including scalping.

ThinkMarkets provides its traders with comprehensive education packages as well as various tools that facilitate trading success, including an impressive platform, extensive research reports and advanced charting features. Furthermore, their website hosts an economic calendar and live webinars for added convenience.

ThinkMarkets is a multi-regulated broker licensed by both FCA and ASIC for client funds to be safely segregated in segregated accounts with top banks. ThinkMarkets offers low fees and diverse instrument selection, making it a reliable low-risk FX and CFD broker to trade FX/CFDs with. Furthermore, ThinkMarkets leverage is higher than industry norms to maximize profit potential.

It is not profitable

ThinkMarkets provides traders with access to an expansive selection of trading instruments, including Forex, Cryptocurrencies, Metals Indices and Share CFDs. Furthermore, ThinkMarkets provides free demo accounts so potential traders may try the service before investing their capital in it – the Standard account offers no commission and floating spread while ThinkZero accounts offer reduced spreads with flat fees per trade.

Evaluation is crucial when investing online; be sure to conduct adequate research so as to find brokers whose reputation, track record, services and regulations align with your financial goals.

At ThinkMarkets, the leverage is 1:500 which can cause substantial losses for retail traders – plus they open your account through a UK company before switching you off to an unregulated offshore entity! Therefore, choosing a licensed broker over unregulated is preferable for several reasons. Furthermore, licensed brokers must abide by strict rules laid out by regulators that must be met to receive licensing, which makes regulated brokers much safer to deal with than unregulated ones. In terms of high leverage options like ThinkMarkets (1:500 leverage ratio is highly dangerous). Additionally, avoid brokers which open accounts with UK entities before switching them over to non-regulated offshore entities without complying with regulator requirements set by regulators – preferring licensed over unregulated offshore entities that do so immediately upon registration as they switch you without your consent for registration with them regulated offshore entity instead thereby circumventing rules designed by regulators regulated entities thereby opening an account with them to then switch you out from regulatory oversight once opened by them!