Bitcoin Cash (BCH/USD) Bitcoin Cash was born in August as a result of Bitcoin’s hard fork. Although it is hard to explain a hard fork in simple terms, think of it as an attempt to solve Bitcoin’s scalability issue, i.e. the fact that as the number of users increases, the technology used by the Bitcoin network needs to get upgraded. ThinkMarkets is an FCA and ASIC-regulated online broker for Forex, Shares, Indices, Precious metals, Commodities and Cryptocurrencies. Start spread betting and CFD trading with an award-winning provider you can trust today. Crypto Trading with ThinkMarkets. Trading the price of cryptocurrencies requires no digital wallet or specialised technology to keep it safe. All it takes instead is a trading account with ThinkMarkets. With ThinkMarkets you can choose between Bitcoin, Ethereum, Ripple, Litecoin, Dash, Monero, NEO and Bitcoin .
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Seen as a hybrid of market makers and ECN brokers, customers trading with STP brokers experience less slippage than pure market maker brokers. Depending on the ThinkMarkets subsidiary you are trading with and the financial instrument you are trading, different leverage limits will be available. This is because each ThinkMarkets subsidiary is overseen by a different regulator.
When trading CFDs, the maximum leverage a trader can use depends also on the asset class the CFD product is derived from.
For instance, trading strategies involving indices can be leveraged up to , metals , energy , gas , shares and cryptocurrency including Bitcoin when trading with ThinkMarkets ASIC and FSCA regulated subsidiaries. While leverage is useful for traders to maximise gains, trading CFDs and forex is a high-risk investment activity and you should apply leverage with caution.
ThinkMarkets customers have a choice of three trading platforms. ThinkTrader is restricted to a desktop platform or trading apps, while MT4 and MT5 are offered as a mobile app on both iOS and Android devices, a web trader platform accessible from any browser or desktop trading platform compatible with Windows or Mac computers.
As a MetaTrader 4 trader, ThinkMarkets customers gain access to advanced charting tools and automated trading features that can be used to develop complex trading strategies.
The easy-to-use interface suits all levels of experience, hence its reputation as one of the best trading platforms available to retail investor accounts. Although MT4 retains a strong following, MetaTrader 5 offers improvements from its predecessor including more charting tools, greater market access and improved backtesting features.
Another advantage of using MT5 over MT4 includes the trading platforms for customer support. The broker offers a proprietary trading software platform for Mac and Windows computers and iOS and Android devices. The mobile trading app is well-reviewed and offers a user-friendly trading environment, a wide range of technical analysis tools and risk management features.
With this type of trading, you can copy the trades of other successful traders. With this platform, you pick and follow a trader in the ZuluTrade community and then set your strategy filters such as lot size and risk management. Once done, ZuluTrade will automatically copy the trades of who you follow.
Customers of ThinkMarkets can choose between generous amounts of CFD instruments spread across 8 asset classes. The FX offerings include all the:. Additionally, traders can speculate on the price movement of Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash without the need for an external wallet or a crypto exchange.
While no additional trading cost is charged by ThinkMarkets, except the spread, crypto trading is only available during the weekdays. At ThinkMarkets, you can also gain access to 13 futures contracts that cover several underlying instruments like commodities, stock indices or VIX volatility. ThinkMarkets offers you the opportunity to diversify your trading portfolio and trade on a range of 7 metal pairs and 3 energies.
Start trading today on a wide range of companies such as Google, Facebook, Apple, Amazon and so much more. Traders can use live chat, phone or email to get in touch with a ThinkMarkets customer support team. Customer service is available 24 hours a day, 5 days a week. ThinkMarkets offer a solid suite of educational resources designed for beginner, intermediate and experienced traders.
Education tools include:. Resources aimed towards beginner traders offer a soft introduction to forex trading, with how-to guides and glossaries available. Intermediate trading tutorials cover more complex topics such as chart patterns and order types. Lastly, the advanced tutorial guide addresses complex technical and fundamental analysis. To help customers develop trading strategies and manage the high risk of forex and CFD trading, ThinkMarkets provides the following research tools:.
ThinkMarkets do not charge customers any fees when making deposits and withdrawals from their trading accounts. Below is a list of deposit and withdrawal methods available with ThinkMarkets, Unfortunately Paypal is no an option.
It is also worth noting that payment methods are not available in certain countries. ThinkMarkets are regulated by multiple top-tier financial authorities around the world. In the United Kingdom, the broker is overseen by the Financial Conduct Authority FCA and required to segregate client funds, provide negative balance protection, and enforce close out margins.
To manage the high risk of forex and CFD trading, customers can place stop loss and trailing stop orders, but order types are limited. While ThinkMarkets do not offer premium orders such as Guaranteed Stop-Loss Orders GSLOs , the broker provides significant investor protection to all traders, regardless of jurisdiction. While ThinkMarkets offers the same Standard account and ThinkZero account with the same basic trading conditions to all clients, leverage and risk management varies.
As professional traders have a greater understanding of leveraged trading and access to greater capital, trading conditions set by the regulator are more relaxed for traders who qualify. To qualify for a professional account, traders will need the following pass 2 of the following 3 criteria:. Spread Betting is an alternative form of derivatives trading to CFDs.
Popular in the UK because of its capital gains saving, spread betting allows you to speculate on price movements in a range of markets. Spread betting differs from CFD trading as traders do not own contracts of the underlying assets. ThinkTrader allows spread betting with all its instruments except for cryptocurrency. With different account types, a wide range of markets and 3 top trading platforms, ThinkMarkets caters to all levels of trading experience from beginner traders to experienced investors.
Those scalping, day trading or developing automated trading strategies are better suited to a ThinkZero account type that offers ECN-style trading and pricing. Beginner traders may benefit from the simplicity of ThinkMarkets standard account, where there are no additional commission fees. To get the fastest trading execution speeds and reduce the chance of slippage ThinkMarkets uses the largest trading ecosystem available being Equinix trading servers. As every millisecond counts to get the bid and ask price your want, ThinkMarkets has two Equinix data centres located in London and Hong Kong.
This data centre has an uptime record of This data centre is close to the financial hub of Asia. Over companies are based in the Hong Kong hub. See out leverage section to see how much leverage is available for each CFD. Back in , the year saw the launch of ThinkForex in New Zealand with its aim to improve the forex trading experience by delivering leading technology to the community.
ThinkMarkets then relocated its global headquarter to London and Melbourne, Australia. Meanwhile, ThinkMarkets continue its growth and acquired South Africa brokerage so it is fully legal in the Africa region now as well, for more information check on news tab.
Throughout its constant development, ThinkMarkets has grown rapidly so that the broker has been recognized by industry publications and keep on adding new one to its lists.
Leverage is indeed an important tool, especially for the retail traders of smaller size. However, the offered leverage levels vary according to the ThinkMarkets entity you trading with. Yet, make sure to learn deeply how to use leverage smartly and not to fall under unpleasant circumstances and high risk. While opening an account you may choose from two account types , while free Demo is available to practice the experience, along with a choice on Islamic account to the traders of Islam belief.
While the Standard offered with no commission and the choice to choose from the fixed or variable spread , the higher account class comes to the ThinkZero designed for active traders. Among the ThinkZero benefits with lower spread and commission per trade, there are VPS and Autochartist, as well a dedicated account manager that are provided free of charge. The company offering to discover hundreds of markets to trade and constantly increases a range.
At the moment the offer includes over 38 major, minor and exotic FX pairs, Cryptocurrencies, 9 global Indices, Metals, Commodities and over Shares. From the ThinkMarkets benefits, the major ones provide clients with tightest possible spreads , even under volatile market conditions, from as low as 0. Conditions depending on the account type you select, since Standard account offering spread only basis from 0. For you to check on the trading spread of ThinkMarkets , see the table with Standard quotes below, also see ThinkMarkets trading fees in comparison to another popular broker Tickmill.
The overnight fee s hould be considered as a cost as well, unless you trade with swap-free account. As an e. For the best convenience the broker designed the client accounts management via ThinkPortal that allows to deposit or withdraw funds, update personal information, set up additional accounts, receive updates or view recent transactions. The good news is that account opening is allowed with no minimum deposit for Standard account type. While funds can be deposited and withdrawn throughout different payment methods, that includes.
What is more, withdrawing funds from your ThinkMarkets account is quick, simple and hassle-free, with no charges such as any withdrawal fees that is definitely a great plus for your future performance.
Login to your ThinkPortal, go to the Money management tab and click on Withdrawal request, submit the form and check on the approval status.