ThinkForex Broker
Company | TF Global Markets (Aust) PTY Ltd |
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Founded in | 2010 |
Online since | 2010 |
Offices in | Australia |
Payment options | BPAY, Credit Cards, Debit cards and Wire Transfer |
Demo Platforms | Meta Trader 4, MirrorTrader, Zulu Trade, Speed Trader |
Account currencies | Australian dollar, Euro, Great Britain pound, Japanese yen, New Zealand dollar, Singapore dollar, United States dollar |
Currency pairs | AUD/CAD AUD/CHF AUD/JPY
AUD/NZD AUD/USD CAD/CHF CAD/JPY CHF/JPY EUR/AUD EUR/CAD EUR/CHF EUR/GBP EUR/JPY EUR/NOK EUR/NZD EUR/SEK EUR/USD GBP/CAD GBP/CHF GBP/JPY GBP/USD NZD/CAD NZD/CHF NZD/JPY NZD/USD USD/CAD USD/CHF USD/DKK USD/HKD USD/JPY USD/NOK USD/SEK USD/SGD |
Regulated by | ASIC |
US Traders welcome? | No |
Bonus? (detailed) | |
Website available in (languages) | English |
Support available in | English |
Support methods | Email, Live Chat, Phone and Skype |
Account Types (micro standard executive islamic) | Meta Tradr 4 Basic, Meta Trader 4 Standard, Meta Trader 4 Pro, SpeedTrader Standard, SpedTrader Pro, Reflect Account-Mirror Trader, Reflect Account- Zulu Trade |
Minimum account size | $250 |
Minimum position size | 0.01 lot |
Spread type | Fixed |
Typical spread on EUR/USD, pips | |
Minimum spread on EUR/USD, pips | 0.2 Pip |
Expert advisors | Allowed |
Trading instruments (GOLD; CFD, etc. and the leverage) | Forex – 1:400, Gold & Silver- 1:400 |
Trading platforms | Meta Trader 4 |
Digits after the dot in quotes | 5 |
Number of currency pairs | 38 |
Bonus offers | Yes |
Free education | Yes |
MAM accounts | Yes |
Segregated accounts | Yes |
Managed accounts | Yes |
Affiliate program | Yes |
Hedging | Yes |
Trailing stop | Yes |
Pending orders | Yes |
Mobile trading | Yes |
Automated trading | Yes |
ThinkForex is one company which was established in the year 2010 and is one of the few brokers that allow hedging and also aggressive scalping and also provides high speed trading which is automated and is available on a latency platform. The company was established in the year 2010 and has been into online trading since then. They have their office in Australia and is regulated by ASIC which is a regulating authority of Australia. They also offer bonuses to all their customers. Free education is also offered to the clients who help them to improve their trading skills. This also helps the new traders to know about the trade and the forex market. Other than the Meta Trader 4 Basic, Meta Trader 4 Standard, Meta Trader 4 Pro, SpeeadTrader Standard, SpeedTrader 4 Pro, Reflect Account- Mirror Trader, Reflect Account- Zulu Trade they also offer PAMM, MAM, managed and segregated accounts to their traders. Their website and customer support service is available only in English. However, you can reach the support service via email, live chat, phone and Skype.
The demo platform offered includes Meta Trader 4, mirror Trader, Zulu Trade, Speed Trader. The live accounts offered are many and is named according to the trading platform that is allowed in each of them. The minimum amount required to open an account with them is $250 and the minimum position size is 0.01 lot. They allow the use of Expert Advisor which further helps the trade in smooth and successful trading. They allow trading in Gold and Silver along with Forex and both of them have a leverage of 1:400. They also provide mobile trading facility and are a boon for all the traders who are travelling most of the time. They allow trading in 38 currency pairs and include all the major pairs.
The reviews have been a great help for all those who want to know the real performance and the service provided by a company. The reviews come directly from the mouth of the users and are usually true. The reviews posted by the users of ThinkForex is mostly positive and the most talked about feature is the various trading platform offered by them. They like the fact that they offer many types of live account which as a particular trading platform to trade. This helps the trader to choose the account which suits his trading needs the best. They allow the use of Expert Advisor is also liked by many traders. Their mobile trading service is also lauded by many. The execution of trade is very fast and has no hassle while withdrawing the funds. A few cons mentioned in the reviews is that they are not regulated and is a concern for a few traders. However, they speak a lot about their honesty and reliability. Their website and customer service is available only in English is a concern. The average rating given to the company by its users is 5.8 out of 10.