ThinkForex Review

One of the bigger Forex brokers. It also offers CFDs and Metals trading. The company is called TF GLOBAL MARKETS (AUST) PTY LTD.

  • Editor Rating

  • Rated 4.5 stars
  • Outstanding
ThinkForex
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  • ThinkForex
  • Reviewed by:
  • Published on:
  • Last modified: May 13, 2014
  • Execution
    Editor: 95%
  • Reliability
    Editor: 89%
  • Fees
    Editor: 85%
  • Support
    Editor: 91%

Review Summary:

All in all one of the bigger regulated brokers that has pretty much all you need to trade well.

ThinkForex was founded in 2010 in Melbourne, Australia. It is regulated by the Australian Securities and Investments Commission (ASIC). And is registered under AFSL Number: 424700 as TF GLOBAL MARKETS (AUST) PTY LTD.

Forex Markets

With this broker you get the ability to sell and buy 38 currency pairs. With spreads that can be as low as 0.8 pips for standard accounts. But be weary of spikes in these dynamic spreads. Which is common with all Forex brokers with dynamic spreads and not a real deal braker. Just a trading strategy changer.

CFDs

Their Contracts For a Difference are the vehicles that make is possible to trade indices, energy markets and metals markets. The indices you can trade with them include FTSE, Wall Street 30, CAC 40, Euro Stoxx 50 and Nikkei 225. The energy markets you can trade with them using WTI and Brent Oil. And the metals market includes copper and platinum.

What they have on offer is a very common selection of CFDs. You can’t go wrong with this.

Metals Trading

Spot Gold, Spot Silver, Platinum CFD, Palladium CFD and Copper CFD. These are the precious metals you can trade with them. A wide and attractive range for metals trading.

Platforms

MetaTrader4 can be used with them. Which is probably the most popular trading platform in the world, especially for Forex trading. Then there is cTrading. A software and web platform produced by Spotware, that is specifically designed for FX trading. It includes charting and a wide range of indicators. Mobile trading is also included, because the MetaTrader4 and cTrading platforms have mobile applications available. So you can trade right off your phone or tablet.

ctrader screenshots

These are both great packages and I encourage you to loo at both to see which suits you best. Or you can use MetaTrader4 for trading robots and cTrading for all your manual trades, since MetaTrader4 is excellent at this.

Execution

Execution with them is very fast. Fills are also good. But you do have to be careful around news events, because spreads can spike up very high. This is the same with all the other Forex brokers. And they offer all clients Non-dealing desk (NDD) execution. Meaning there is no interference from dealers and you get the best price available.

They really are good with their execution times. Another good reason to choose for them.

Tools

Autochartist, the chart pattern recognition software. AutoTrade, the place to see what other people are trading. One-click trading, where one click is all it effort and time it takes to make a trade. economic calendar, tfxvps, trade manager and MetaTrader 4 MAM.

Education

Great education from ThinkForex. They have a Forex University, where you can learn everything about Forex trading and how trading FX works. Events and Videos that give you more in depth look at certain topics. And trading guides that will walk you through every more advanced trading topic. So there is something for people of all trading skills.

Market Analysis

With a Traders Corner where you can meet other traders, Analysts from ThinkForex and Forex TV with all the latest Forex news and technical analysis in real-time you have a lot of extra tools at your disposal for researching the markets.

Support

Support is phenomenal. The have very friendly and patient people working for them. That are very knowledgeable and can pretty much help you with any technical related question about their system.

Account

Although not suited for U.S. customers, this broker offers its service to pretty much every other country. And with segregated accounts, your money is safe. Allowing hedging, overnight rates (swaps), trailing stops and pending orders on all accounts you almost can’t go wrong here.

Sign up for a Demo account here

Sign up for a Live account here

All in all one of the bigger regulated brokers that has pretty much all you need to trade well.

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