ThinkForex Review

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Overview

ThinkForex is a New Zealand based ECN forex retail broker, that offers competitive trading conditions, fast execution and hedging and scalping capabilities, among other notable features. The broker has acquired recently ASIC license

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Details

Broker ThinkForex
Website URL www.thinkforex.com
Founded 2010
Headquarters New Zealand
Support Number +61-3-9093-3400
Support Types support@thinkforex.com
Languages English, Chinese
Trading Platform MT4,SpeedTrader, SpeedTrader Pro,MirrorTrader, WebTrader
Minimum 1st Deposit $250
Minimum Trade Amount 0.01 lots
Leverage 1:100
Spread Variable, from 0.1 pips
Free Demo Account Yes
Regulated Yes
Regulation ThinkForex has an AFSL Australian Financial Services License by the Australia Securities and Investments Commission (ASIC) with AFSL number 424700.
Account Types Basic - 250 minimum deposit, 400:1 leverage, 1k (micro lot) Standard - 2 500 minimum deposit, 400:1 leverage, 1k (micro lot) Pro - 5 000 minimum deposit, 100:1 leverage, 10k (mini lot), SpeedTrader - 500 minimum deposit, 400:1 leverage, 1k (micro lot) SpeedTrader Pro - 5000 minimum deposit, 100:1 leverage, 10 k (mini lot), MirrorTrader - 500 minimum deposit, 400:1 leverage, 1k (micro lot), 2.5 pips commission, Zulutrade - 500 minimum deposit, 400:1 leverage, 1k (micro lot) ), 2.5 pips commission
Deposit Methods Credit/Debit Card
Withdrawal Methods Credit/Debit Card
Trading Currency USD, EUR, GBP, JPY, CHF, AUD, & NZD
US Traders Allowed No
Mobile Trading Yes
Overall Score 4.1

Screenshots

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Full Review

ThinkForex is a New Zealand based ECN forex retail broker, that offers competitive trading conditions, fast execution and hedging and scalping capabilities, among other notable features. The broker has acquired recently ASIC license andRegulated by the FSP (Financial Service Providers) and the FSCLP (Financial Services Complaints Ltd).

 

The forex broker is great for those traders, who want low latency trading network and reputable partner.

 

ThinkForex offer tight spread starting as low as 0.1 pips on majors, Forex University center that provides top quality information. This university is suitable for newbies in forex industry. All information is free of charge so this is one great resource to start your forex trading. ThinkForex also provides forex trading webinars on regular basis.

 

Trading Platforms

 

Traders can choose between several platforms – downloadable MetaTrader 4 and 5, web-based trading platform and mobile trading platforms.Traders can also choose the SpeedTrader or SpeedTrader Pro platforms, or the Mirror Trader option if they prefer to copy trades from more experienced Forex traders.

 

ThinkForex’s account types are extremely fast and with NDD execution. The broker offers a linking to ZuluTrader via the ZuluTrade and MirrorTrader platforms. For those traders who deposit more than $2000, will get a free VPS on which to put Forex Robots. ThinkForex’s VPS system gives traders the ability to access their information remotely with the highest level of security.

 

ThinkForex gives the traders the ability to trade spot Forex and metals, scalping, hedging and competitive variable spreads starting from 0.1 pip and of course EA service.

 

Customer Service

 

ThinkForex’s customer service and support teams are one of the most helpful and responsive teams in the forex industry. You can connect with the ThinkForex via offers 24/5 email and phone support, as well as a 24 hour emergency support phone line. On their official website you can find wide and well-structured FAQ section and of course live support chat services.

 

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