It also holds many London Wealth Management Awards. As a standard, this protects sums up to GBP 1,000,000. ThinkMarkets has bought Excess of FSCS Insurance for clients whose underlying assets surpass the FSCS’s threshold, an individual policy of the ThinkMarkets offers investors more safety and reimbursement rights. In the uncommon case of a default, the UK’s Financial Services Compensation Scheme protects consumers up to a GBP 85,000 threshold.
Thinktrader backtesting software License number#
215/13 as well as Japan’s Financial Services Agency (JFSA) with license number 0250. ThinkMarkets is a license holder of the Cyprus Securities & Exchange Commission (CySEC) with license no. The broker is also licensed by the Financial Sector Conduct Authority (FSCA) in South Africa under FSPĤ9835 as well as by the Financial Services Authority (FSA) in the Seychelles with FRN SD060. In Australia, they are governed by the Australian Securities & Investments Commission (with license number 424700 ASIC), which enforces the Corporations Act 2001. They are approved and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under FRN 629628. Also, if you have any doubts regarding deposit methods or payment methods and ThinkMarkets account types, you can also get in touch with them instantly. The site takes measures in providing the right assistance when accounts lose money. Their response team is always ready to help. If any of your ThinkMarkets accounts lose money anonymously, you can also raise a concern to them. In case any of your accounts lose money or retail investor accounts lose money, the broker can also reach out to customer support. Any issues a client has relating to the retail investor accounts, demo accounts, best trading platforms, trading CFDs, forex, trading tools, or any other issues, the dedicated customer support of ThinkMarkets can directly get in touch with them to resolve all your queries instantly.īrokers can also live chat with them and discuss any problems related to retail investor accounts losing money, CFD trading, forex and CFD broker regulations, or any other details. As per the ThinkMarkets review, it can be said that their customer support service is commendable. ThinkMarkets offers 24/7 customer support.
It is also important to note that the maximum leverage depends on the regulation of your country. It is vital to understand leverage and be aware of the associated risks while using it.
If your account’s leverage is 500:1, a client can trade up to 500 times the equivalent amount of base currency in your account.
As a result, the broker will incur a 30% loss owing to leverage, for a total loss of A$3000. An unforeseen occurrence causes the price to fall 8% above your margin call close-out threshold. The position of the broker is worth $10,000.
Thinktrader backtesting software pro#
According to the ThinkMarkets review, the site lacks daily market commentary, but the ThinkMarkets real-time market news section from FX Wire Pro is skillfully incorporated into the ThinkTrader platform, along with comprehensive order management, charts, significant risk management features, and more.įeatures of ThinkMarkets Negative Balance ProtectionĪssume a broker invests $2000 and uses a 5:1 leverage to go long the AFTERPAY share. Many ThinkMarkets reviews have praised the education package that they offer. The ThinkMarkets education package is aimed at all levels of traders and is a fantastic place to start for newcomers. USD, AUD, GBP, CHF, EUR, NZD, SGD, CAD, JPY, ZARĢ4/7 via Live Chat, Phone, Email, Social Media, & FAQ Support Reserves the right to charge an inactivity fee
FCA, ASIC, FSCA, CySEC, FSA-Seychelles, JFSAįorex, Indices, Shares & ETFs, Precious Metals, Commodities, and Cryptocurrency CFDs are not offered to retail clients in the UK, Futures
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