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ThinkForex review

ThinkForex review: regulation (AFSL: 424700 | ABN: 69 158 361 561), minimum deposit 250, leverage up to 1:500, platforms and current bonuses.

Open account
Minimum deposit250
Max. leverage1:500
Spread from0.2

Trading conditions

Broker type
NDD/ECN
Minimum deposit
250
Maximum leverage
1:500
Minimum spread
0.2
Platforms
MetaTrader 4 (MT4)
Account currencies
USD

Bonuses

No deposit bonus
No
Welcome bonus
Yes
Other promotions
Yes

Accounts and features

Demo account
Yes
Islamic account
Yes
Swap-free
Yes
Mini account
Yes
VIP account
Yes
Managed account
Yes
Segregated funds
Yes
Hedging and scalping
Yes
News trading
Yes
Mobile trading
Yes
Web trading
Yes

Deposits and withdrawals

Deposit methods
Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu
Withdrawal methods
Bank Transfer Credit Card Debit Card Moneybookers WebMoney Neteller Cashu

Company

Regulation
AFSL: 424700 | ABN: 69 158 361 561
Country
Australia
Address
HEADQUARTERS - Sales and SupportLevel 11,636 St. Kilda Road.Melbourne, VIC, Australia 3004
Website languages
English Russian French
Phone
+ 61-3-9093-3400
Email or Skype
[email protected]

ThinkForex pros and cons

Pros

  • Regulated by AFSL: 424700 | ABN: 69 158 361 561
  • Raw spreads from 0.2
  • Scalping and hedging allowed
  • Swap-free Islamic accounts available
  • Free demo account
  • Trading platforms: MetaTrader 4 (MT4)

Cons

  • No no-deposit bonus at the moment
  • Leverage up to 1:500 magnifies losses as well as profits
  • Conditions and bonuses can differ by regulated entity

ThinkForex FAQ

Is ThinkForex a safe and regulated broker?

ThinkForex is regulated by AFSL: 424700 | ABN: 69 158 361 561. Client funds are held in segregated accounts. Your protection depends on which ThinkForex entity opens your account.

What is the minimum deposit at ThinkForex?

The minimum deposit at ThinkForex is 250. Payment providers may set their own minimum amount.

What is the maximum leverage at ThinkForex?

ThinkForex offers leverage up to 1:500. Regulators in the EU, UK and Australia cap retail leverage lower, usually at 1:30 on major forex pairs.

Does ThinkForex offer a no deposit bonus?

No. ThinkForex does not currently offer a no deposit bonus. It offers a welcome promotion: Yes. See our forex no deposit bonus list for brokers that do.

Which trading platforms does ThinkForex offer?

ThinkForex supports MetaTrader 4 (MT4). Mobile trading is available.

Does ThinkForex allow scalping, hedging and news trading?

Yes. Scalping and hedging are allowed, and news trading is allowed.

Does ThinkForex offer an Islamic (swap-free) account?

Yes. ThinkForex offers swap-free Islamic accounts with no overnight swap charges.

Risk warning: Forex and CFD trading on margin carries a high level of risk and may not be suitable for all investors. Bonus offers are provided by third-party brokers and can change at any time.

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ThinkForex – NoOpen account