A step by step tutorial on Think Markets' offerings including their accounts, spread fees, trading applications and more.
This Video Overview Includes:
📢 Trading products
📢 Account types
📢 Trading Platforms
📢Opening an account
📢 Educational resources
📢 And more...
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0:26 Overview
3:00 Trading platforms
5:58 Account types
8:04 Opening an account
9:36 Educational Resources
11:11 Awards
11:34 Conclusion
Read our Video Script:
Think Markets is a popular beginner-friendly Forex and CFD broker that was founded in 2010in London. They are regulated by the Australian Securities and Investments Commission and the Financial Conduct Authority, and client funds are held in segregated accounts with top-tier financial institutions. Think Markets offers flexible accounts with competitive trading conditions and we highly recommend opening an account with them if you are a social trader or a copy trader.
Think Markets currently offers more than 38 tradable currency pairs with spreads starting as low as 0 pips. As a client, you can also trade 1,500 Share CFDs and a variety of indices, metals, cryptocurrencies and commodities.
Think Markets accounts can be connected to the Meta Trader trading platforms, which are available as a desktop platform, a mobile app or as a web trader interface. Meta Trader 4 and 5 are currently ranking amongst the most popular trading platforms in the world. MT4 was released in 2005 and MT5 was released 5 years later. These platforms are renowned for their advanced analysis tools, thousands of technical indicators, customizable charts, Expert Advisor functionality and algorithmic trading support, and they can be downloaded at no cost.
Think Markets also offers an exceptional proprietary platform called Think Trader. This is a beginner-friendly trading platform with plenty of built-in analysis tools. It comes with more than 125 indicators, 50 drawing tools and 20 chart types, and it can be used on mobile devices, laptops, tablets and desktops. With this platform, you can easily close all of your open positions with just one click.
There are 2 main types of trading accounts that you can open with Think Markets, and they also offer demo accounts, swap-free accounts and joint accounts. Both accounts allow a maximum leverage of 1:500 and can be used on Meta Trader 4 and 5,and you’ll have access to free VPS when using either account. A major benefit of trading with Think Markets is that your account will have Negative Balance Protection, which prevents your balance from going below zero. The first type of account you can open with them is the Standard account. It is a no-deposit, commission-free account with spreads starting as low as 0.4 pips on Forex pairs and CFDs ,and it is the only account that can be used on the Think Trader platform. This account is suitable for all styles of trading and we recommend using the Standard account if you are a beginner and you’ve already had some practice on a demo account. The second account you can open is the Think Zero account and the minimum deposit required to use this account is $500, which is still relatively low for a more advanced account. Small commission fees are charged when using this account but the spreads on the Think Zero account start as low as 0 pips and you also have the option of using an account manager.
Think Markets is one of our top-rated beginner-friendly brokers because not only will your demo account never expire, but you will also have access to plenty of educational articles, trading guides, video tutorials and expert insights to help you learn the basics of trading. You can also learn all about trading patterns and technical analysis indicators by reading over the guides provided, and if you come across any unfamiliar terms, all you need to do is read over the trading glossary provided.
Overall, Think Markets is one of our top-rated low-risk Forex brokers for beginners and they offer an award-winning platform with plenty of resources for research and analysis. By trading with Think Markets, you’ll have access to a wide range of instruments with tight spreads commission-free accounts and no minimum deposit is required to open an account with them, so if you are interested why not open your account today and get a head-start on your trading career.
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