ThinkForex – Review & Analysis of ThinkForex
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ThinkForex is a licensed forex broker operating from NewZealand. An ECN/STP forex broker, ThinkForex offers a superior trading experience for forex brokers who are really experienced in the markets. ThinkForex brokerage was established by a group of forex brokers and traders that have build a near perfect trading environment for their automated trading systems. ThinkForex undoubtedly provides the tightest spreads and this is made possible by partnering with the top tier 1 liquidity providers that help ThinkForex main their tight spreads.
| Licence/Regulation |  |
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| Account Types | MT4 Standard | MT4 Pro | SpeedTrader |
| Minimum deposit | 500USD | 10,00USD | 20,00USD |
| Leverage | 200:1 | 100:1 | 100:1 |
| Instruments | All Spot Forex and Metals | All Spot Forex and Metals | 50+ Currency Pairs |
| Pricing | Standard Spreads | Raw/Core Spreads, Commission $8 Round Turn ( 1 Lot) | No Markup |
| Commission | No | Yes | Yes |
| Trade size | 0.01 | 0.1 (10K) | .10 |
| Order execution | No Dealing Desk | ||
| Price Feed | 5 Digits | ||
| Account Currency | USD, EUR, GBP, AUD, NZD, CHF, JPY | ||
| Platforms | MetaTrader 4, SpeedTrader by Currenex | ||
| Islamic (no swap) accounts | Yes | Yes | Yes |
| Deposit Methods | Bank WIRE, Credit Card, Monebookers, ClickandBuy, AlertPay | ||
| Open Account | Open Account | Open Account | |
ThinkForex Additional Services
ThinkForex is one of the first ECN forex brokers that offers low latency and high speed trading. This enables ThinkForex clients with fast execution and no delay. ThinkForex ECN execution enables traders to access the electronic trading network. Supplied with streaming quotes from the top tier banks in the world, when trading with ThinkForex, a currency trader greatly benefits from price transparency, faster processing, increased liquidity and more availability in the marketplace
- In order to activate your ThinkForex live account, clients must provide a copy of their Photo ID and Proof of Residence (utility bill or bank statement anytime in the past 6 months). These documents can be directly uploaded at the time of your online application or sent via email: accounts@thinkforex.com or send it via fax number 877-467-8128.
- Approval time depends on how quickly the required documents were submitted. If all required documentation was submitted along with your application your account could be approved in 1 business day or less.
- ThinkForex allows traders to open up to four trading accounts with ThinkForex
- Traders who open a ThinkForex Pro and SpeedTrader accounts get free VPS from ThinkForex, that offers faster execution and greatly reduces on the latency. ThinkForex's VPS servers are located across Asia Pacific and Europe
