TD Ameritrade 2024 Review: Insight Into Trading and Services

The sign up process for my live account was very smooth and TM’s feedback via email after sending documents and clarifications is pretty much instantly. This is a good impression, and I feel like I can count on TM’s support when needed. Some experience wild price swings between trading days and volatile drops or increases, and others make small incremental changes.

Best Forex Trading Platform

Explore the latest MetaTrader platform and access advanced trading features and tools. Conveniently access and manage all your trading accounts in one place. This app has a very friendly UI considering amount of data it contains and complex functions and has. News feature and filter option included in it are also more than appreciated for this kind of app.Overall, I was surprised how useful and intuitive this app was, even for a total amateur in trading. ThinkMarkets customer support is excellent compared to other brokers.

ThinkMarkets Supported Countries

Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14. Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team.

Top Features

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions. Since its establishment in 2010, the broker has grown into a globally recognized brand with few shortcomings and many benefits. It has a rich and diverse collection of videos, articles, and other types of educational content catering to the needs of beginner traders. However, ThinkMarkets’ materials mostly underscore the basics of trading without delving deeper, which is why we found them unsuitable for more advanced traders.

I lost my trust in a platform that I…

Help is available in 15 different languages, including English, German, Spanish, Japanese, Thai, and Chinese. Contracts for difference (CFDs) are derivatives used to speculate on the price of the underlying without physical delivery. For example, a long position on gold would generate a profit as the price rises or incur a loss as it falls.

ThinkMarkets Review – How Does This Forex and CFD Broker Rank?

Trading costs are a little higher than average on the Standard Account – most good brokers’ entry-level accounts have a trading cost of 9 USD per lot of EUR/USD traded. However, with no real minimum deposit requirements to speak of, this is still a good account for beginner traders. ThinkMarkets offers a couple of different trading platforms that you can use. The first one that is on offer is ThinkTrader, a proprietary trading application that runs on mobile, desktop, and tablet operating systems.

Quick and efficient service

ThinkMarkets’ offers two accounts, which is average compared to other similar brokers, and its accounts are suitable for beginners and more experienced traders. ThinkMarkets has strong customer service, as they are available 24 hours a day on days that the markets are open. You have the ability to call 24 hours for phone support, as well as live chat and email.

I had problems in opening a forex trading account…the customer sevice helped out in a matter of minutes. One of people on cust servs team by the name of Renito rang me and was excellent in explaining everything. Overall best broker for the average trader, with tight spreads and only a $10 minimum deposit makes it available for all retail traders. Chris joined the company in 2019 after ten years experience in research, editorial and design for political and financial publications.

1. Users also appreciated the variety in trading platforms this broker offers.
2. There are also CFDs on futures offerings, giving you access to a broad range of markets.
3. The company partnered with Trading Central, offering insightful analysis and investment research tools to all of its Metatrader 4 and Metatrader 5 account holders, for free.
4. Explore the latest MetaTrader platform and access advanced trading features and tools.
5. The broker offers negative balance protection to stop clients from losing more than their deposits.

She has a passion for Forex trading and over a decade of editorial experience researching Forex and the financial services industry, producing high-quality content. She hosts a weekly podcast, “Let’s Talk Forex,” alongside her colleague, Chris, and has produced over 100 Forex educational videos for the FXScouts YouTube channel. She also writes weekly technical analyses and has tested and reviewed over 100 Forex brokers. Spreads are variable at ThinkMarkets, meaning that they will get wider or tighter depending on trade volume and market volatility – the spreads in the table above are average spreads. It’s also important to note that there are material differences between using the MT4, MT5, and ThinkTrader platforms, mainly in terms of the financial instruments available to trade. While ThinkMarkets caters to both beginner and advanced traders, its wide selection of trading utilities may be overwhelming for those new to the market.

He earned a Bachelor’s degree in Economics and International Relations. Plamen’s broad experience has equipped him with the expertise to recommend the best forex brokers. Among other things, ThinkMarkets has built a highly intuitive and customizable platform that offers hundreds of technical indicators and drawing tools. In some cases, these are 3-4 times more numerous than what is available on MetaTrader 4&5. It also has a very practical ‘TrendRisk’ Scanner that displays currently unfolding trading opportunities. Additionally, ThinkMarkets has one of the richest collections of educational materials covering the broad topic of technical analysis.

Many brokers provide MT4 to their clients which makes it a good platform to learn because you will have plenty of choice should you decide to change providers down the line. The downloadable version of MT4 is the most powerful version, and is needed it you plan on running automated systems. ThinkMarkets has a hefty collection of useful educational resources, including an abundance of videos, trading courses, market analysis, and dedicated research tools such as Trading Central and Autochartist. The company holds licenses with some of the most respected regulatory bodies, including the UK’s FCA.

And most importantly, price action is illustrated clearly and with attention to detail, affording traders a penetrating outlook into price action behavior. It has a broad range of technical indicators and drawing tools that are several times more numerous than MT4 and MT5. ThinkTrader has a sleeker design compared to the other two, is easier to navigate, and affords a more detailed outlook into price action behavior. Brokers operate multiple entities because it allows them to serve clients worldwide. But licenses by different regulators do not always entail the same degree of protection.

ThinkMarkets offers a number of useful trading tools, including Trading Central, a VPS service, and the Zulutrade app for social trading. We define beginner traders as inexperienced traders who have https://forexbroker-listing.com/ never traded before or have been trading for less than a year. Beginners often do not want to risk trading large sums of money, and will generally not be able to trade full-time during the workweek.

But the proposal has triggered fierce opposition from New York’s real estate industry. Given the riskiness of cryptocurrency as an asset class, it’s especially important not to invest more money in crypto than you can afford to lose. The cryptocurrency space is evolving thinkmarkets broker review rapidly, so it’s also important to pay attention to new developments that may affect your crypto holdings. Cryptocurrency investors need to understand the tax consequences of using crypto, especially if they purchase something or sell their crypto investments.