THINKMARKETS Accounts Comparison and Guidelines for Trading Account Opening

Product SpreadStandard accountThinkZero
Forex spreadsFrom 0.4 pipsFrom 0 pips
Average FX spreads1.2 pips0.1 pips
MetalsFrom 25 cents8 cents
CommissionNone$3.5 per side (100,000)
CFDsFrom 0.4 pointsFrom 0.4 points (No commission)
Trading conditions
Minimum operating balance0500
Lot size1.0 (100k)1.0 (100k)
Maximum leverage500:1500:1
Maximum tradeable size50 Lots100 Lots(XAUUSDx & XAGUSDx remain at 10)
Minimum stop-loss/take profit levelsNoneNone
Server locationsLD5 & HK4LD5 & HK4
Trading Services
PlatformsThinkTrader / MT4 / MT5MT4 / MT5
24/7 Live Support
FREE VPS service
AutochartistMT4 & MT5 only
Account manager

Insights on all THINKMARKETS Accounts

Account Types

Standard Account

Details

  • Commission Fee: No commission fee
  • Spread: Starting from 0.4 pip
  • Average Spread: 1.2 pips
  • Lot Size: 1.0 (100,000)
  • Leverage: Maximum 500 :1
  • Maximum Trade Size: 50 lots
  • Lowest Stop-loss/Take profit level: None
  • Server Location: LD5 and HK4
  • MT4-MT5 Account manager: None

Advantage 

  • Very fast in closing and opening orders

Disadvantage

  • Higher Spread fee than that of ThinkZero Account

 

ThinkZero Account

Details

  • Has Commission Fee
  • Has an ending symbol of “x”, for example: EURUSDx
  • Spread: Starting from 0 pip
  • Average Spread: 0.1 pip
  • Commission Fee: 7 USD/lot (1 Round)
  • Minimum Deposit: 500 USD
  • Leverage: Maximum 500 :1
  • Maximum Trade Size: 100 lots
  • Lowest Stop-loss/Take profit level: None
  • Server Location: LD5 and HK4
  • MT4-MT5 Account manager: Available

Advantages 

  • Very fast in closing and opening orders
  • Lower Spread + Commission Fees when compared to a Standard Account

(Recommended Account)

More Inquiries

1.Server location: What are the LD5 and HK4?

Answer: LD5 is in London and HK4 is in Hong Kong.

2.What is the percentage of stop out of each account?

Answer: Stop out will be at 50%.

3.What is the highest number of trading accounts that I can open? 

Answer: The limited number of accounts is 2, but after opening 2 accounts, you can send an email to request for opening more accounts.

THINKMARKETS Summary

For ThinkMarkets, Zero Account is recommended because Spread and Commission Fees are a lot lower than Standard Account and also opens and closes orders quite quickly. It is considered as another broker that makes us feel good trading with.

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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