ThinkForex Review

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Company Overview

ThinkForex is an Australian forex broker and was established in 2010. It offers forex trading with many other financial services. ThinkForex is regulated by the ASIC or the Australian Securities and Investments Commission. The company offers its services in many languages such as German, English, Spanish, Japanese, Chinese and Portuguese. The company offers forex, CFDs, and metal trading options.

The company is also in partnership with the FX University. It has won several awards such as the award for the fastest growing broker in Australia in 2012 and the World Finance Award for the best new broker and best broker in Australia in 2013. It also won an award in 2014 for the best new contributor for its quality market research and analysis. The company also has offices in the UK.

Trading Platform

Traders can benefit from various platforms which are offered by ThinkForex with different services and accounts for different purposes. The platforms provided by ThinkForex include desktop for both Windows and MAC, the web-based platform, and mobile based trading platforms. The company offers trading via MetaTrader 4 and cTrade. Traders can download the trading apps of these platforms for their iOS, Android, Windows Phone and BlackBerry devices.

ThinkForex offers its traders MAM solution, which is a multi-account manager. If a trader wants to handle several accounts at the same time, they can use the MAM and manage all their trades easily.

The company provides traders with three types of accounts: standard, pro, and VIP. All three have the option for creating a demo account. With the standard account, the minimum operating balance has to be $250. The minimum contract size for this account is 0.01, and there is no commission. With the pro account, the minimum operating balance has to be $2000. The minimum contract size for this account is 0.01, and the commission is 3 units per side. With the VIP account, the minimum operating balance has to be $25000. The minimum contract size for this account is 0.10, and the commission is negotiable.

Features

  • On-chart interactive chart trading
  • Fully supports any EA i.e. Expert Advisor
  • Swap-free Islamic trading for Muslims
  • Low initial deposits
  • Low spreads (assets can be traded as low as 0.2 pips)
  • One-click execution

Customer Support

The company has one of the best customer support services among many. The customer support at ThinkForex is available 24/7 via live chat and phone. Customers can also reach them by email. One of the benefits that traders have is that they can contact the company via its local offices in Australia, Brazil, Spain, UK, New Zealand and Malaysia.

Conclusion

ThinkForex is a very reliable company. It follows the industry’s best practices to handle its clients. One of the advantages that traders have is that if they have any problems, they can report to the Financial Ombudsman Service (FOS) for arbitration. This makes it more reliable and trustworthy. Overall, with the low deposits and a lot of trading options, it is a reliable forex trading company.

Office website: https://thinkforex.com/

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