ThinkMarkets Commission or Brokerage Charges – Review, Plans, FAQs & more
Check out everything about ThinkMarkets Commission or Brokerage Charges here.
ThinkMarkets offers the most recognized trading platforms to its users including MT5, MT4, and its in-house trading platform ThinkTrader.
Each of the accounts holds different brokerage fees depending upon its offerings and services chosen by the traders.
In this article, we will discuss each type of ThinkMarkets charges involved to open and access its trading platform including commission charges, spread charges, leverages, minimum opening balance, withdrawal fees, etc.
If you are planning to start trading with the ThinkMarkets trading platform, then read this article carefully and compare the various charges applicable on various accounts.
Plan your expenses and investment well before executing your trade to earn maximum revenues.
ThinkMarkets Commission or Brokerage Charges
When you are planning to open a trading account, brokerage charges are one of the primary things to consider.
For different trading accounts, various types of charges are associated depending upon the services, trading tools, and functionalities are chosen.
The charges also majorly depend upon the volume of the trade per month.
ThinkMarkets brokerage fees vary from account to account.
It charges brokerage fees of $8.00 per trade below $200,000 and brokerage fees of 0.05% per trade above $200,000.
However, ThinkMarkets does not charge any Account opening fee, subscription fee, and fees for transferring existing HIN.
For standard trading accounts, ThinkMarkets does not involve any commission charges and for ThinkZero trading accounts, the commission charges are $3.5 per lot.
The commission charges may increase or vary depending upon the volume of the trade. ThinkMarkets fees are quite nominal in the forex market.
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Types of ThinkMarkets Commission Plans
|Types of Commission Plans|
|Account Type||Standard Account||Think Zero Account|
|Spread||From 0.4 pips||From 0 pips|
|Commission||None||$3.5 per side|
Commission plans are different for each trading account of ThinkMarkets. The reason behind this is the various offerings.
Each trading account of ThinkMarkets has unique functionality and features and hence the brokerage fee differs in each account.
The commission plan also varies within the account depending upon the size of the investment.
The standard account is the trading account of ThinkMarkets suitable for both new traders and professional traders.
It does not involve any initial deposit amount and commission charges to access the account. It also offers a spread from 0.4 pips with maximum leverage of 500:1.
The ThinkZero account is a trading account meant for seasoned traders who trade professionally and have ample experience in this field.
The commission charges applicable in this account are $ 3.5 per lot. It offers a tight spread as low as 0.0 pips.
There is no initial deposit amount to access this account and has the maximum leverage of 500:1.
ThinkMarkets Account Opening Process
Browse the ThinkMarkets website and choose the preferred account of your choice out of two account options available – Standard account and ThinkZero Account.
- Choose the preferred account and click on the “Create Account” option given at the end.
- A pop-up form will appear. Fill the form with the necessary details and click on the “Create Account” button.
- Submit the form. Now an “Account Registration Application” will appear. Fill and submit it to proceed further.
- The next step is “Verification”. Providing the necessary documents and identity proofs asked by the broker and submit its scanned copies.
- The broker will verify your documents and application form for approval. Once the account is approved, your account will be activated and you will receive the log-in credentials and a confirmation letter via email.
- Now log in to access your personalized trading account by using the login credentials provided by the broker.
- Since there is no initial deposit amount required to access the account, look around the account and check the various tools and functions offered in the trading account.
- Now you can ascertain what trading tools and services to pick and deposit the brokerage mandatory to access those tools and services.
- After depositing the brokerage fee, you can execute your trade.
ThinkMarkets Payment or Withdrawal Methods
|Deposit Options||Bitcoin Payments, BPAY, FasaPay, Mastercard, Neteller, POLi, Skrill, Sofort, Wire Transfer|
|Withdrawal Options||Bitcoin Payments, BPAY, FasaPay, Mastercard, Neteller, POLi, Skrill, Sofort, Wire Transfer|
To open a trading account, there should be ample means of depositing funds and withdrawing funds to ensure the trader’s flexibility to make the payment instantly or withdraw funds instantly without any inconvenience or time taking process.
The traders have to make various types of payments at different time intervals to use various services and they also need to withdraw funds as and when required.
To ease out the process of depositing funds and withdrawing funds, ThinkMarkets trading platform offers a wide range of deposit options to traders such as Bitcoin Payments, BPAY, FasaPay, Mastercard, Neteller, POLi, Skrill, Sofort, Wire Transfer.
To ease out the withdrawal fund process, ThinkMarkets offers a similar set of options such as Bitcoin Payments, BPAY, FasaPay, Mastercard, Neteller, POLi, Skrill, Sofort, Wire Transfer.
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ThinkMarkets Investment Assets
|Total Tradable Assets||NA|
|Number Of Currency Pairs||NA|
|Number Of Cryptocurrencies||4|
|Number Of Stocks||6|
|Number Of Indices||6|
|Number Of Commodities||5|
|Number Of Futures||NA|
|Number Of Options||NA|
|Number Of Bonds||NA|
|Number Of ETFs||NA|
ThinkMarkets is an online brokerage firm that offers a wide range of investment assets to its traders such as Forex, Shares, Indices, Precious metals, Commodities, and Cryptocurrencies.
In this section, we will inform you about each of the investment assets that ThinkMarkets offers to its users.
It will help you decide and finalize the various investment instruments you want to trade in.
ThinkMarkets offers Currencies Trading, where you can trade in 35 currency pairs.
There are several other investment instruments that ThinkMarkets provides such as – Commodities Trading, Indices Trading, and cryptocurrency trading.
The traders can trade in Bitcoins as ThinkMarkets Supported Crypto coins are bitcoins.
The total number of cryptocurrencies, ThinkMarkets offers to its clients is four. It also offers stocks, indices, and commodities to its users to trade-in.
The number of stocks it offers is six, the number of indices it offers is also six and the number of commodities it offers is 5.
ThinkMarkets Commission – Conclusion
With all the information about the commission charges along with different types of other charges incurred by ThinkMarkets Forex Broker, it can be concluded that the ThinkMarkets brokerage fee is nominal and affordable.
We have shared each type of the charges involved in the ThinkMarkets trading account, now you can examine closely the charges associated (in the tables given ) with each account and compare them to determine your expenses to be incurred while opening the trading account with ThinkMarkets.
You can also opt for a demo account if you want to understand the trading practices first before executing trading practices. A demo account involves no charges at all.
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ThinkMarkets Charges or Fees – FAQs
Here is the list of Faqs related to the ThinkMarkets Brokerage Charges or Fees –
Do ThinkMarkets charge commission?
Yes, ThinkMarkets charges a commission for its trading account.
The charges may vary depending upon the size and frequency of the trade.
For the ThinkZero account, the charges are $3.5 per lot.
However, there are no commission charges involved for the ThinkMarkets Standard account.
How much does ThinkMarkets charge brokerage?
ThinkMarkets charges different brokerage fees for different types of accounts.
It offers a tight spread as low as 0.0 pips for the ThinkZero account whereas, in the standard account, the spread is from 0.4 pips.
ThinkMarkets does not demand any initial deposit amount in both of its trading accounts. The maximum leverage ThinkMarkets offers is 500:1.
The standard brokerage fee per trade below is $8.00 and the Brokerage Fee Per trade above $200,000 is 0.05%.
What is the Minimum Deposit required in ThinkMarkets?
ThinkMarkets do not involve any Minimum Deposit amount.
However, there are some other charges involved while opening the account such as spread charges, commission charges, leverage, withdrawal fee, inactivity fee, etc.
Is ThinkMarkets a legit Forex Broker?
Yes, ThinkMarkets is an award-winning forex broker that provides its online trading services all across the world.
It is the trading name of TF Global Markets (Aust) Pty Ltd. It is regulated under FCA and has its headquarters in the UK and Australia.
Since it is a regulated forex trading company, it cannot change the prices of tradable assets it offers.
With ThinkMarkets, the traders can use the most recognized trading platforms such as MT5, MT4, and their in-house developed platform ThinkTrader.
What is the process to change the leverage?
If you want to change the leverage in your trading account, you can contact customer support or email them your account number and the expected leverage you wish from your registered email id to firstname.lastname@example.org.
Do ThinkMarkets provide flexibility to change the currency of the user’s trading account?
No, changing the currency of the users’ current accounts is not possible.
The reason why ThinkMarkets do not provide changing facilities of currency in the user’s trading account is the existing trading history of the account which would become inaccurate after making such changes.
How much leverage does ThinkMarkets provide?
ThinkMarkets provides its traders with considerable leverage. For Forex, it offers a leverage of up to 1:500, for Indices, the leverage offered is up to 1:200, for
In commodities, the leverage offered is up to 1:200 and for Cryptocurrency, ThinkMarkets offers the leverage up to 1:5.
The maximum leverage available to traders from Europe is 1:30 due to EU regulations.
How much is spread at ThinkMarkets?
ThinkMarkets offers a tight spread as low as 0.0 pips.
The spread varies from account to account and also varies depending upon the size of the trade.
For the ThinkZero account, the spread is 0.0 pips whereas for the standard trading account the spread is 0.4 pips.
What type of Commission Plans available in ThinkMarkets?
The commission plan holds different commission charges for various accounts and services chosen by the traders.
In a ThinkMarkets ThinkZero account, the traders have to pay $3.5 commission per lot that means per side of 10,000. In the case of share trading on MT5 and other ThinkMarkets platforms, an additional commission has to be paid by the traders.
However, the ThinkMarkets Zero account does not involve any commission charges. And there are charges on swap rates.
Are there any hidden charges available with the ThinkMarkets trading platform?
No, ThinkMarkets does not involve any hidden charges. ThinkMarkets is a regulated brokerage firm that adhered to the policies and regulations of FCA (Financial Commission Authority).
It discloses all the charges to be incurred at the time of account registration. Later, it does not ask for any hidden charges.
Can I invest in ThinkMarkets for $5?
Yes, In ThinkMarkets you can even invest for $5.
ThinkMarkets minimum balance required is Zero that means it is the platform that does not require any minimum amount to start investing in both of its accounts including the standard account and ThinkZero account.
Fill up the Form – Open Forex Trading Account Now!
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