ThinkMarkets Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of ThinkMarkets trading signals. You will learn what kinds of trading signals ThinkMarkets offers and what the conditions for using them are.
Short introduction of ThinkMarkets
ThinkMarkets was launched in 2010 and has grown to offer Forex & CFD trading services globally since then. ThinkMarkets is duly licensed by the FCA (629628) in the UK, ASIC (ACN: 158 361 561) in Australia, CySEC (215/13) in Cyprus, JFSA (1536) in Japan, FSCA (49835) in South Africa, and the FSA (SD060) in Seychelles. With ThinkMarkets, one can trade more than 3,500 global assets, including Forex, Indices, Commodities, Shares & ETFs, CFDs, and Crypto CFDs. ThinkMarkets is an award-winning broker with offices in several countries of the world, in particular in Johannesburg (South Africa), Tokyo (Japan), Limassol (Cyprus), Dubai, London (the United Kingdom), and Melbourne (Australia).
| 💰 Account currency: | EUR, USD, AUD, CHF, GBP, JPY, CAD, NZD, SGD |
| 🚀 Minimum deposit: | $500 |
| ⚖️ Leverage: | Up to 1:500 |
| 💱 Spread: | From 0.0 pips on ThinkZero, from 0.4 pips on Standard |
| 🔧 Instruments: | Forex, CFDs on stocks, CFDs on indices, precious metals, commodities, cryptocurrency, ETFs & Futures |
| 💹 Margin Call / Stop Out: | 50%/50-100% |
ThinkMarkets Pros and Cons
👍 Advantages of trading with ThinkMarkets:
•narrow market spreads - from 0.0 pips;
•minimum deposit of $0 on the Standard account;
•regulated in countries with a high level of control over the activities of Forex brokers;
•availability of the social trading platform ZuluTrade for copying trades of successful traders.
👎 Disadvantages of ThinkMarkets:
•there are no cent accounts;
•there are no bonus programs, contests nor promotions that are held among its clients;
•trading terminals often freeze;
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
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Copy trading.
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Email alerts.
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Signals through a blog on the website.
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Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
ThinkMarkets Trading Signals
To identify explicit and hidden ThinkMarkets commissions, the Traders Union specialists have carefully analyzed the trading conditions of this broker. The company does not charge any fees for deposits or withdrawals. At the same time, there is no information on the number of fees charged by payment systems on the website. The ThinkZero Forex & Metals account has a brokerage commission of USD 3.50 per lot each way.
| Account type | Spread (minimum value) | Withdrawal commission |
| ThinkZero | From $1 | No |
| Standard | From $4 | Yes, under certain conditions |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that ThinkMarkets does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
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FAQs
For what assets can trading signals be provided?
Brokers may provide trading signals for any asset, for example Forex, stocks, cryptocurrencies, etc.
Can I lose money by trading signals?
Keep in mind that there are no ideal trading signals and trading signals may lead to a loss of funds. There are always risks.
Do brokers offer premium subscriptions to signals?
In some cases, brokers may offer premium subscriptions.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.