Founded in 2010 and headquartered in Australia, ThinkMarkets is a versatile broker regulated by prominent authorities such as the FCA, CySEC, and ASIC. It allows clients to trade over 4000 instruments across various markets at highly competitive costs. The broker has developed an excellent proprietary platform equipped with a vast array of technical indicators, drawing tools, and unique features. Overall, I rate ThinkMarkets as a sophisticated and reliable broker, providing outstanding trading conditions.
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Among other things, ThinkMarkets has built a highly intuitive and customizable platform that offers hundreds of technical indicators and drawing tools. In some cases, these are 3-4 times more numerous than what is available on MetaTrader 4&5. It also has a very practical ‘TrendRisk’ Scanner that displays currently unfolding trading opportunities. Additionally, ThinkMarkets has one of the richest collections of educational materials covering the broad topic of technical analysis.
ThinkMarkets caters to short-term, high-frequency traders with its commission-free trading and low floating spreads, while its ThinkZero account, offering raw spreads with a competitive $3.5 per side commission, appeals to high-volume and long-term traders.
Additionally, ThinkMarkets is an ideal choice for chart artists and technical traders, thanks to its comprehensive content library and feature-laden platform, enabling thorough technical analysis.
This is a review of a Standard ThinkMarkets account opened with TF Global Markets Int Limited, one of the seven entities operated by the broker. We evaluated ThinkMarkets’ terms and conditions and the usability of its website and proprietary platform – the desktop and mobile app versions.
☑️ Regulations | FSA (Seychelles), ASIC (Australia), FCA (United Kingdom), JFSA (Japan), FSCA (South Africa), CySEC (Cyprus), FSCM (Mauritius), CIMA (Cayman Islands) |
🗺 Supported Languages | English, Indonesian, Portuguese, Thai, Polish, Czech, Arabic, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, Malaysian, German |
💰 Products | Currencies, ETFs, Crypto, Indices, Commodities |
💵 Min Deposit | $0 |
💹 Max Leverage | 1:500 (FSA), 1:30 (ASIC), 1:30 (FCA), 1:25 (JFSA), 1:500 (FSCA), 1:30 (CySEC ), 1:3000 (FSCM), 1:250 (CIMA) |
🖥 Trading Desk Type | No dealing desk |
📊 Trading Platforms | MT5, Proprietary, MT4 |
💳 Deposit Options | Cryptocurrencies, PerfectMoney, Wire Transfer, Skrill, Neteller, Visa, Mastercard |
💳 Withdrawal Options | Wire Transfer, Cryptocurrencies, Neteller, Skrill, PerfectMoney, Visa, Mastercard |
🤴 Demo Account | Yes |
🗓 Foundation Year | 2010 |
🌎 Headquarters Country | Australia |
ThinkMarkets scored highly in the Trust category. The company has 7 subsidiaries and is authorized to serve retail and professional traders worldwide. ThinkMarkets’ licenses ensure various degrees of protection, with the majority being issued by top-tier regulators. The company as a whole is fairly transparent and very trustworthy.
In our reviews, we examine the licenses and regulations of each entity operated by a broker. This allows us to compare their different levels of protection. We rank licenses by various regulatory bodies on a three-tier system, where Tier-1 licensing indicates the highest level of regulation.
Here is what we found concerning the 7 entities operated by ThinkMarkets:
We have summarized the most essential aspects of ThinkMarkets in terms of regulation and safety in the table below:
Entity Features | TF Global Markets Int Limited | TF Global Markets (Aust) Pty Ltd | TF Global Markets (Europe) Ltd | TF Global Markets (UK) Ltd | TF Global Markets Japan Co. Ltd | TF Global Markets (South Africa) (Pty) Ltd | TF Global Markets (International) Limited |
Country/Region | Seychelles/Mahe | Australia/Melbourne | Cyprus/Limassol | UK/London | Japan/Tokyo | South Africa/Sandton | Cayman Islands/Grand Cayman |
Regulation | FSA | ASIC | CySEC | FCA | JFSA | FSCA | CIMA |
Tier | 3 | 1 | 1 | 1 | 1 | 2 | 3 |
Segregated Funds | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
Negative Balance Protection | No | Yes | Yes | Yes | No | Yes | No |
Compensation Scheme | No | No | No | Yes | No | No | No |
Maximum Leverage | 1:500 | 1:30 | 1:30 | 1:30 | 1:25 | 1:500 | 1:500 |
Brokers operate multiple entities because it allows them to serve clients worldwide. But licenses by different regulators do not always entail the same degree of protection. Some regulators mandate compliance with the strictest financial frameworks, whereas others have much more relaxed requirements for brokers. That is why traders need to familiarize themselves with the safety mechanisms ensured by the entity they want to open an account with beforehand.
In other words, it is important to know your rights as a trader with the broker subsidiary you choose to start with, which institution enforces them, and how.
Here is a rundown of the most important protections to look for in a broker:
ThinkMarkets is indeed very safe to trade with. Even though some of its entities are regulated by weaker offshore regulators (FSA and CIMA), the licenses by CySEC, ASIC, FCA, and JFSA indicate the broker’s high reliability.
ThinkMarkets should also be praised for having a ‘best execution policy’ which ensures that the broker stays committed to supplying traders with the best price quotes under the prevailing market conditions. This is crucial for guaranteeing fast and precise order execution, decreasing the risk of negative slippage.
In our tests for the Trust category, we also cover factors relating to stability and transparency. Here, we focus on how long the broker has been in business, how big the company is, and how transparent it is in terms of readily available information.
ThinkMarkets was established in 2010, and since then, it has grown into a widely trusted broker with global exposure. We’ve reviewed its T&Cs, legal documents, platforms, and fees and found them all to be quite transparent.
One example of ThinkMarkets’s attention to detail is that live spread info is shown on the platform for each instrument, thus saving traders time and effort in calculating the spread for themselves. While not unique to ThinkMarkets, this is quite an important feature as it can also save traders money in volatile markets. For example, while we were conducting our review, the spread of the GBPJPY pair fluctuated by 0.6-0.8 pips in the span of several seconds.
ThinkMarkets is also quite thorough when it comes to presenting readily available information. Traders can easily find their way around the website, check the broker entities’ different licenses and safety policies, and familiarize themselves with the differences in spreads and commissions on the two separate account types.
In summary, our findings indicate that ThinkMarkets can be regarded as having a very good level of trust and stability due to the following factors:
ThinkMarkets was awarded an above-average mark in the Fees category. Its spreads are low-to-medium compared to the broader industry, while its fixed commissions (where applicable) are low. ThinkMarkets does not have an inactivity fee and does not charge deposits or withdrawals.
We tested ThinkMarkets’ spreads during the most actively traded times – the London open at 8:00 a.m. GMT and just after the U.S. open at 2:45 p.m. GMT. The test was conducted on 16 March 2023.
Instrument | Live Spread AM | Live Spread PM | Instrument | Live Spread AM | Live Spread PM | Instrument | Live Spread AM |
EURUSD | 0.8 pips | 0.8 pips | EURUSD | 0.8 pips | 0.8 pips | EURUSD | 0.8 pips |
GBPJPY | 1.8 pips | 1.5 pips | GBPJPY | 1.8 pips | 1.5 pips | GBPJPY | 1.8 pips |
Gold (XAUUSD) | 20 pips | 20 pips | Gold (XAUUSD) | 20 pips | 20 pips | Gold (XAUUSD) | 20 pips |
Crude Oil | 0.05 pips | 0.03 pips | Crude Oil | 0.05 pips | 0.03 pips | Crude Oil | 0.05 pips |
Apple | NA | 0.08 points | Apple | NA | 0.08 points | Apple | NA |
Tesla | NA | 0.14 points | Tesla | NA | 0.14 points | Tesla | NA |
Dow Jones 30 | 1.7 basis points | 1.4 basis points | Dow Jones 30 | 1.7 basis points | 1.4 basis points | Dow Jones 30 | 1.7 basis points |
Based on our research throughout the day, we found that ThinkMarkets’ spreads on instruments from different asset classes are mostly low. The only exceptions were crude oil and Bitcoin, which met the industry average.
What is also worth pointing out is that there are no major discrepancies in the recorded spreads between the AM and PM sessions. This is significant because it indicates that ThinkMarkets has access to deep liquidity that is crucial for precise order execution.
A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight. In turn, swap short relates to the charges/credits deductible or receivable for holding a selling position open overnight.
The values listed below are for one full contract (100,000 units) of the base currency.
Instrument | Swap Long | Swap Short |
EURUSD | Charge of $10.38 | Credit of $2.76 |
GBPJPY | Credit of 18.15 | Charge of $25.34 |
The swap charges we recorded are generally elevated, though this is because of external factors (changing interest levels at the interbank level).
It is always worth checking the swap charges before opening a position because it can save you a lot of money, especially if you are uncertain as to which instrument to trade next. As an example from the above table, if you believe that the EUR is likely to appreciate against the USD and the GBP against the JPY, it will be better to go long the GBPJPY rather than the EURUSD.
The ThinkMarkets Standard account affords commission-free trading, except for South African CFD shares. In comparison, the ThinkZero account has a $3.5 per side commission per traded lot. This means you will be charged $7 for opening and then closing a position worth 100,000 units.
Commission-free accounts are suitable for high-frequency trading – getting in and out of trades within a relatively short period of time. Most intraday trading strategies, such as scalping, usually involve the execution of multiple positions. Accordingly, fixed commission accounts with raw spreads (from 0.0 pips) are better suited for high-volume trading, which usually requires the execution of fewer trades (e.g., in day and position trading).
ThinkMarkets does not charge a handling fee for deposits and withdrawals. It also does not charge dormant accounts with an inactivity fee.
As a whole, we assessed that ThinkMarkets’ fees are very competitive. They are suitable for implementing a wide selection of trading strategies – both short-term and long-term.
ThinkMarkets scored highly in the Platforms category. The broker has its own proprietary platform – the highly intuitive ThinkTrader – and also incorporates the popular MetaTrader 4&5. ThinkMarkets offers some very useful tools, and it also provides free VPS hosting.
We reviewed the ThinkTrader platform and found it very practical. It has a broad range of technical indicators and drawing tools that are several times more numerous than MT4 and MT5. ThinkTrader has a sleeker design compared to the other two, is easier to navigate, and affords a more detailed outlook into price action behavior.
ThinkTrader is the better choice for many reasons. It has a two-factor authentication, making it safer. It also allows searching for instruments by asset class, which is very helpful given ThinkMarkets’s broad range of over 4000 CFDs. Moreover, ThinkTrader can be run on multiple screens simultaneously. In addition to one-click trading, it also supports one-click closing, which allows instantaneous termination of all trades on a single instrument. The one disadvantage is that ThinkTrader is only available on Standard accounts.
The mobile app version of ThinkTrader is equally as sophisticated. It is light, versatile, and helps traders stay connected to the market on the go. It provides plenty of information concerning developing trading setups without getting too cramped. Most trading apps find it difficult to illustrate a lot of information while maintaining clarity on low-resolution devices.
ThinkMarkets does not support social trading, though automated trading is available on MetaTrader via its Expert Advisors (EAs) feature. This is enhanced by the broker’s offering of free VPS hosting. Another supporting tool incorporated by ThinkMarkets is Myfxbook (a social community platform for Forex traders), which is available to MT4 accounts with a minimum balance of $1000.
ThinkTrader has a familiar design. A watchlist of selected instruments can be seen on the left, a news feed with information about currently unfolding trading opportunities on the top, and account info at the bottom of the screen. It is highly intuitive and easy to navigate, and even beginners can get used to it fairly quickly. And most importantly, price action is illustrated clearly and with attention to detail, affording traders a penetrating outlook into price action behavior.
The defining feature of the platform, arguably, is the TrendRisk scanner. While most brokers offer trading ideas in one way or another, ThinkMarkets has managed to integrate a tool that presents traders with relevant and concise information directly on the platform, helping them make informed and timely decisions.
The scanner monitors currently unfolding setups on various instruments, helping traders save time when looking for trading opportunities. They are given a possible entry price, stop-loss level, and target level. And most significantly, a calculation of the risk/reward ratio.
At the time of our review, we checked one such suggestion – on the hourly GBPJPY chart – and found it quite compelling. It forecasted a reversal from a previous resistance level, which is quite common. Ultimately, the projection was not realized, but the logic behind it was sound, and the setup was well executed.
Arguably, the most important component of a platform is its charts screen. Price action must be represented clearly and concisely so that traders can observe even the most minute details in its behavior. Also, a platform needs to include multiple technical indicators and drawing tools so that traders can make sense of the underlying price movements. And after testing the ThinkTrader platform, we assessed that it excels in both aspects.
Here are the defining features of its charts:
The three most common order types available to traders include
Even though the app is not ideal for conducting complex technical analyses because it has to be run on low-resolution devices, a problem that is inherent to most trading apps, it excels in other ways. What we found particularly useful is all the information made readily available before placing an order. As shown below, you can swiftly check such vital information as the pip cost of the trade, estimated margin usage, spread and swap costs, and others.
The ThinkTrader app has a very straightforward design, and traders can learn it without much effort. It has a chart window where price action is represented as clearly as possible, though, unlike the desktop version, it lacks any drawing tools. In addition to monitoring the market, traders can also use the app to monitor their account performance. The possibility to make swift course corrections to open trades is probably the biggest advantage of any trading app.
Here is a list of the chart features available on the ThinkTrader app:
Similarly to ThinkTrader’s desktop and web versions, the app also supports the three major order types:
ThinkMarkets was awarded a very high mark in the Tradable Instruments category. The broker offers over 4000 tradable instruments from different asset classes, which are available to retail and professional traders. There are instruments from all the major markets, such as FX pairs, commodities, shares, indices, and cryptos, but also more complex futures and ETFs.
What we found particularly useful in ThinkMarkets’ offering is that traders have ample choices of both lower-risk securities and higher-risk assets. This diversity caters to the needs of conservative traders and those who are less risk-averse, allowing both to take advantage of various trading opportunities.
Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls. This is achieved without having to purchase actual bars of gold. One of the biggest advantages of trading CFDs is that traders can get in and out of the market almost instantaneously, thereby catching even minute changes in the price of the derivative.
We have broken down ThinkMarkets’ offering of instruments by asset class below:
ThinkMarkets offers an average amount of FX pairs and an above-average amount of commodities, indices, and cryptocurrencies. It also has a high number of CFD ETFs and an especially broad range of CFD shares.
Regarding CFD shares, in particular, clients of the broker are allowed to trade on global markets – from the U.S. and Europe to Hong Kong. This variety underscores ThinkMarkets’ global presence as it allows traders to trade during all major sessions throughout the day – from the opening of the Asian session to the close of the U.S.
Forex | Commodities | Forex |
EURUSD | GBPJPY | NZDCAD | USDNOK | USDTRY | EURPLN | Crude Oil | Gold | Coffee | Cotton | Silver | Copper | EURUSD | GBPJPY | NZDCAD | USDNOK | USDTRY | EURPLN |
CFD Shares | Indices | CFD Shares |
Apple | Tesla | Microsoft | Barclays | Easy Jet | Lenovo | Xiaomi | CAC 40 | US30 | DAX40 | Nasdaq | Russell2000 | China A50 | Hong Kong HS50 | Apple | Tesla | Microsoft | Barclays | Easy Jet | Lenovo | Xiaomi |
Cryptocurrencies | CFD ETFs | Cryptocurrencies |
Bitcoin | Ripple | Litecoin | Cardano | Dash | Polkadot | Ethereum | Solana | Stellar | Monero | iShares Asia 50 ETF | SPDR Bloomberg 1-3 MOnth T-Bill ETF | iShares MSCI Europe Financials ETF | Bitcoin | Ripple | Litecoin | Cardano | Dash | Polkadot | Ethereum | Solana | Stellar | Monero |
ThinkMarkets earned a perfect score in the Customer Support category. It offers 24/7 support, with offices in London, Melbourne, Johannesburg, and Tokyo. The support team can be reached over the phone, via email, or via live chat.
For general questions, such as how to open an account or how long it takes for a withdrawal request to clear, clients of ThinkMarkets can turn to the dedicated FAQ section of the website. Though, we found it to be somewhat lacking depth. And for more specific questions, you can turn to one of the other channels. Help is available in 15 different languages, including English, German, Spanish, Japanese, Thai, and Chinese.
When we test a broker’s customer support team, we evaluate the agent’s knowledge of their own website, how long it takes them to respond to questions, and how detailed their answers are.
We conducted our test of ThinkMarkets on 20 March at 4:00 pm CET via live chat inquiring into the differences in safety mechanisms afforded by each of the broker’s entities. An agent connected to the chat just seconds afterward. His answers were adequate and straight to the point.
You can contact the support team by clicking the live chat button at the bottom-right corner of the main page. In addition to the built-in chat option, you can text them on Messenger and Telegram. Before getting connected to an agent, you must fill in your name, email address, and country of residence.
ThinkMarkets scored very highly in the Deposit and Withdrawal category. The broker does not charge any handling fees for deposits and withdrawals, though third-party banking fees may apply subject to the selected payment method. Clients of ThinkMarkets can transfer funds using bank wire, e-wallets, and cryptocurrencies. Transfers are processed fairly quickly.
Method | Available Currencies | Estimated Transaction Time | Fees |
Wire Transfer | AUD, EUR, CHF, GBP, USD | 1-3 Business Days | $0* |
Visa/Mastercard | AUD, EUR, CHF, GBP, USD | Instant | $0* |
Neteller | USD, EUR, GBP, JPY, AUD | Up to 24 hours | $0* |
Skrill | AUD, EUR, CHF, GBP, USD | Up to 24 hours | $0* |
Cryptocurrencies | BTC, ETH, USDT, BCH, XLM, LTC, EOS, DASH, USDC, XRP, TRX, BUSD | Up to 24 hours | $0* |
Perfect Money | EUR, USD, BTC | Up to 24 hours | $0* |
*ThinkMarkets does not typically charge any internal handling fees for deposits and withdrawals, though third-party banking fees may be applied.
Method | Available Currencies | Processing Times | Fees |
Wire Transfer | AUD, EUR, CHF, GBP, USD | Usually within 24 hours | $0* |
Visa/Mastercard | AUD, EUR, CHF, GBP, USD | Usually within 24 hours | $0* |
Neteller | USD, EUR, GBP, JPY, AUD | Usually within 24 hours | $0* |
Skrill | AUD, EUR, CHF, GBP, USD | Usually within 24 hours | $0* |
Cryptocurrencies | BTC, ETH, USDT, BCH, XLM, LTC, EOS, DASH, USDC, XRP, TRX, BUSD | Usually within 24 hours | $0* |
Perfect Money | EUR, USD, BTC | Usually within 24 hours | $0* |
*ThinkMarkets does not typically charge any internal handling fees for deposits and withdrawals, though third-party banking fees may be applied.
ThinkMarkets usually processes withdrawal requests within 24 hours, though it may take between 1 and 7 business days for the funds to be transferred. It depends on the chosen payment method.
The broker does not charge deposits or withdrawals, though you might have to pay any third-party banking fees. For instance, international bank transfers cost $25 on a minimum withdrawal amount of $100.
ThinkMarkets also performed very well in the Account Types category. The broker offers two retail account types – Standard and ThinkZero – with different pricing models. These accommodate most trading strategies. ThinkMarkets also affords swap-free (Islamic) accounts.
Traders can choose between several base currencies for their accounts – EUR, USD, GBP, SGD, CHF, and AUD. Both account types afford free VPS hosting, though users are required to trade at least 15 lots per month. Additionally, the client portal is protected by a two-step authentication.
Your account should reflect your goals, needs, and ambitions on the market. If you have modest means and plan to be opening smaller-sized positions more frequently, then you should better choose an account that does not have any fixed commissions per traded volume. In contrast, if you expect to be placing much larger orders less frequently, then you should be more preoccupied with finding an account with tighter spreads and be less concerned with fixed commissions.
Account Type | Standard | ThinkZero |
FX Spreads | Floating from 0.4 pips | Raw from 0.0 pips |
Average Spreads | 1.2 pips | 0.1 pips |
Commission | 0* | $3.5 per side |
Metal CFDs Spreads | From $0.20 | From $0.08 |
Index CFDs Spreads | From 0.4 points | From 0.4 points |
Minimum Account Balance | 0 | $500 |
*Except for South African CFD shares
In addition to the fee differences between the two accounts mentioned above, it is also worth considering that the ThinkZero account charges a commission only on FX pairs and metals. Hence, it is by far the better choice for those interested in trading other markets because of the raw spreads. However, the one major drawback of the ThinkZero account is that it does not support the ThinkTrader platform.
Most importantly, the two account types have no minimum stop-loss/take-profit requirements. That means that traders can place extremely tight stop-loss and take profit orders (close to the entry price), allowing them to cap their trading risk more effectively.
The leverage determines a trader’s overall market exposure. When trading Contracts for Difference (CFDs), positions can be opened for a fraction of their value because of the leverage. Essentially, the broker lends the trader money so that the latter can open bigger-sized positions. The leverage multiplies the profits a trader generates from winning positions but also the losses incurred from failed trades.
We have broken down the account registration process with ThinkMarkets below:
Demo accounts serve a twofold purpose. They introduce traders to a broker’s services and allow them to tweak their strategies in a risk-free environment. The market is continually evolving and never static, so it is important to hone your skills in a safe environment afforded by your demo account.
The services provided by TF Global Markets Int Limited are not directed to traders from the United States, Canada, the European Union, Australia, the United Kingdom, and Japan. If you are a resident of either of these jurisdictions, please refer to one of the other entities operated by ThinkMarkets.
We awarded ThinkMarkets a high mark in the Research category. The broker offers its clients a vast array of research materials, such as trading news and ideas, market breakdowns, special reports, and others. Content is published regularly and affords a deep and penetrating overview of current market developments. We evaluated it to be suitable for both beginners and advanced traders.
The bulk of ThinkMarkets’ research content is published in a video format on the broker’s YouTube channel. This makes it easily accessible even to newbie traders. Most attention is given to the technical side of things, which has to do with examining price action behavior.
ThinkMarkets’ analysts also review the fundamental and psychological sides of trading, which is important for providing the reader with a comprehensive breakdown of the underlying trading opportunity, including an explanation of what causes it and what the main associated risks are.
We have broken down ThinkMarkets’ research content by category:
ThinkMarkets scored above average in the Education category. It has a rich and diverse collection of videos, articles, and other types of educational content catering to the needs of beginner traders. However, ThinkMarkets’ materials mostly underscore the basics of trading without delving deeper, which is why we found them unsuitable for more advanced traders.
In addition to the more than 50 educational videos that can be accessed via ThinkMarkets’ YouTube channel, we found the ‘Indicators & Chart Patterns’ section of the website to be especially useful for beginner traders. It contains information about more than 50 indicators and patterns, including what they mean, how they are used, and more. These descriptions are supported by images and practical examples.
The collection perfectly suits chart artists wanting to master technical analysis and combines with the ThinkTrader platform’s vast array of technical indicators.
ThinkMarkets is a very well-balanced Over-the-Counter (OTC) derivatives broker with licenses by some of the most trusted financial regulators in the industry and services catering to the needs of all kinds of traders. Since its establishment in 2010, the broker has grown into a globally recognized brand with few shortcomings and many benefits.
ThinkMarkets offers over 4000 tradable instruments at generally low costs. We checked the combinations of spreads and commissions on its two account types – Standard and ThinkZero – and found them very competitive and below the industry average. The broker should also be praised for its excellent ThinkTrader platform, which offers an impressive amount of tools and features that can satisfy every taste.
The one area in Think Markets’ service that can still be improved upon is its educational content. The broker offers very diverse and highly informative materials on technical analysis, but not many materials are dedicated to studying fundamental analysis or the psychology of training.
Overall, ThinkMarkets’ offering is very sophisticated and caters to the needs of beginners and advanced traders alike. It accommodates both high-frequency and high-volume trading and a wide variety of strategies falling under these two categories.
Headquarters Country | Australia |
Foundation Year | 2010 |
Regulations | FSA (Seychelles), ASIC (Australia), FCA (United Kingdom), JFSA (Japan), FSCA (South Africa), CySEC (Cyprus), FSCM (Mauritius), CIMA (Cayman Islands) |
Publicly Traded | No |
Number Of Employees | 201 |
Trading Desk Type | No dealing desk |
Trading Platforms | MT5, Proprietary, MT4 |
Restricted Countries | Austria, Bulgaria, Canada, Croatia, Czech Republic, Estonia, Finland, France, Germany, Italy, Latvia, Lithuania, Luxembourg, Hungary, Poland, Romania, Greece, United States, Slovakia, Australia, United Kingdom, Sweden, Slovenia, Belgium, Denmark, Japan, Malta, Netherlands, Portugal, Ireland, Spain, Afghanistan, Samoa, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Botswana, Myanmar, Burundi, Cape Verde, Central African Republic, Chad, Cuba, Democratic Republic of the Congo, Eritrea, Guinea-Bissau, Guinea, Guyana, Haiti, Iran, Cote dIvoire, Kyrgyzstan, Laos, Liberia, Libya, Malaysia, Mali, Mozambique, Namibia, Nauru, New Caledonia, Nicaragua, Niger, North Korea, Northern Mariana Islands, Puerto Rico, Congo, Russian Federation, Sierra Leone, Somalia, Sudan, Tajikistan, Togo, Turkmenistan, Uganda, Vanuatu, Yemen, Zimbabwe |
Supported Languages | English, Indonesian, Portuguese, Thai, Polish, Czech, Arabic, Italian, Spanish, Chinese, Japanese, Greek, Vietnamese, Malaysian, German |
Min Deposit | $0 |
Max Leverage | 1:500 (FSA), 1:30 (ASIC), 1:30 (FCA), 1:25 (JFSA), 1:500 (FSCA), 1:30 (CySEC ), 1:3000 (FSCM), 1:250 (CIMA) |
Deposit Options | Cryptocurrencies, PerfectMoney, Wire Transfer, Skrill, Neteller, Visa, Mastercard |
Withdrawal Options | Wire Transfer, Cryptocurrencies, Neteller, Skrill, PerfectMoney, Visa, Mastercard |
Time to Withdrawal | 4 |
Time to Open an Account | 9 |
Crypto | Ethereum, Monero, Bitcoin, Litecoin, Ripple, Dash, Cardano, Stellar, Polkadot |
Products | Currencies, ETFs, Crypto, Indices, Commodities |
Demo Account | Yes |
OCO Orders | No |
Offers Hedging | Yes |
Automated Trading | Yes |
API Trading | No |
Guaranteed Stop Loss | No |
Guaranteed Limit Orders | No |
Guaranteed Fills / Liquidity | No |
Economic calendar | Yes |
Trading From Chart | Yes |
One-Click Trading | Yes |
Expert Advisor | Yes |
Social Trading | No |
Autochartist | No |
Trading Signals | No |
Platform Languages | Portuguese, Chinese, Arabic, Thai, Vietnamese, English, German, Japanese |
24 Hours Support | Yes |
Support During Weekends | Yes |
Live Chat | Yes |
Daily Market Commentary | Yes |
News (Top-Tier Sources) | Yes |
Webinars | Yes |
Deposit Fee | No |
Withdrawal Fee | No |
Inactivity Fee | No |
Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.
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