ThinkForex is a Forex broker based in New Zealand with several competitive conditions of trading, fast execution and scalping and hedging capabilities, among several important features. Regulated by FSP which stands for Financial Services Providers and FSCLP which stands for Financial Complaints Limited, this company provides safe trading opportunities to traders all over the world who are searching for low latency dealing network and maintain limited opening positions.
Set up in the year 2010
Maximum amount of power: 1:400
Minimum amount of deposit: Nearly five hundred dollars
Minimum size of deal: Nearly 1000 units
Available languages: Chinese, English
We started this review of ThinkForex by calculating their MT4 trading platform, as it is one among the popular Forex trading platforms all over the world. We came to know that the execution was very fast and that all things work in an expected manner. Then, we move on to download and examine the platform of Speed Trader. To be really honest, Speed Trader platform was regarded as an optimistic experience; however it took some time for navigation, unlike the MT4 trading platform we are accustomed to. An important thing that we came to know about this platform was the fact that unlike MT4 trading platform which is accessible in more than twenty languages, SpeedTrader trading platform is accessible only in languages like Russian, Chinese and Japanese. We were impressed by the customizing options of the platform and the speed at which deals took place.
Thinkforex video :
Certain things that are truly appreciated by us in the SpeedTrader trading platform are two levels of the tabs which keep traders well organized without encumbering the screen and opening of each element in a separate window, permitting the traders to analyze various information and views at a time or to lessen what they do not need but to use it in a quick manner whenever it is relevant. Obviously, the one-click implementation of a trading platform was always welcome. You will not come across any query that says utilizing the platform of SpeedTrader was the most surprising thing we came through in the review of ThinkForex.
Along with the standard features provided by ThinkForex which is common to several Forex traders, like an ability to deal spot metals and Forex, hedging, competitive spreads and scalping beginning from 0.1 pips, we uncover various special features in the testing evaluation of ThinkForex. As far as beginners are concerned, we were really impressed to learn during the review of ThinkForex that a brokerage handles its various spreads by building a partnership with the top tier one liquidity provider who can offer support tight cost at every time. We even appreciated MirrorTrader integration which is provided by brokerage which proves to be really helpful to the dealers who want to deal with the assistance of professionals in a trading platform apart from the one that is provided by MT4 EA services.
You can open live forex account using Thinkforex very fast. See live account review video:
Thinkforex offers practice demo account for trading as well:
We appreciated the fact that ThinkForex not only provides video tutorials, but organized tutorials into various sections so that dealers will have the ability to pinpoint the ones that they actually need. While several dealers imagine that a single click implementation is overvalued, we appreciate the choice, which was accessible in the platform of SpeedTrader. Similarly, several dealers use a downloadable trading platform; we appreciate the choice for a platform which is web-based, as dealing becomes prevalent. Dealers who like trading from any place and traders who enjoy transaction from any point can derive some benefits from the VPS system of ThinkForex which helps the dealers access their needed information with high security level.
Thinkforex VPS servers offer :
The company, ThinkForex’s ECN or STP execution model provides actual spreads that are market driven. The advantage to all ThinkForex customers is an actual access to the real time rates of purchasing and selling and makes sure that the customers are dealing under the optimal conditions of the market and demand offering the best accessible ask/ bid rates at a given point in time.
The STP/ECN model of ThinkForex permits a direct admission to the biggest liquidity pools, the ultimate outcome of which is the low market driven spread for their customers. We never compete or trade with their customers or intervene in any manner. This gives the traders of ThinkForex more benefits of the dealing desk market manufacturer along with the STP only traders:
- Spreads driven by low trading market
No limits on the scalping
Without any stop-loss hunting
Ease of Utilization
We only had a single technical issue when we first logged into the platform of MetaTrader4, but this issue was very soon resolved by chatting with the consumer support team. The most significant issue we had chosen between the platform of MT4 by which we are actually familiar with and platform of SpeedTrader which was totally a new experience. Though we got a bit disappointed when we found no demo for MT4 webtrader, few traders provide this; therefore, we were not surprised totally.
Trading status area: In order to have a look at the order placement as well as offers of execution , resting orders and done deals the platform offers the users an ability to modify or else cancel the orders and widespread the incomplete fills.
Trader Tools of ThinkForex
ThinkForex offers all of its customers an access to professional technical analysis depending on varieties of technical pointers and covers large numbers of time frames in meeting the growing demands of the traders. Save time by accessing professional analysis in a fast manner. Some of the important features include updating the trend information, multi-frame analysis, search/filter by certain indicators or technical patter, detailed pivot points and chart analysis.
You should go forward in the trading market with full confidence by using some of the trading market analysis resources available:
Advanced analysis of chart
Identified points of target
Several levels of pivot-point
Payment Systems of ThinkForex
ThinkForex provides different deposit methods as well as withdrawal choices for the dealers. Select any one among several account deposit options including debit or credit card deposits, wire deposit and one of their accessible payment partners. The various methods of payment are:
Debit or credit cards: the deposited amount will be removed in two hours or less than that
Bank wire: The deposits will get cleared within one to two business days
MoneyBookers or Skrill payment system – make payment at the moment.
During the review of ThinkForex, we came to know that the website of the company was very organized and simple to utilize, making all the pertinent and essential information accessible without any need to search around. We appreciated the brokerage, publicized the registration and regulation numbers which some traders do not perform even when modulated. The inclusion of the Google map to search for the headquarters of the company made us confident that the company named ThinkForex has nothing to hide that is reassuring if you want to deposit a huge sum of money without any brokerage.
Ultimately, it is worth to note that ThinkForex accepts huge deposits in several currencies likes USD, EUR, JPY, GBP, AUD and CHF. Transactions can be easily done through Skill, wire transfer, Moneybookers, AlertPay and credit card. At this point of time the PayPal is not at all accessible to the clients of ThinkForex.