ThinkMarkets MT4 Review

ThinkMarkets MT4 Review

Forex, Metals, Indices, Energies, Softs & Cryptocurrencies

  • FCA & ASIC Regulated ✔
  • Variable spreads
  • Min deposit: £/$250-£/$2000
  • Expert Advisors
  • Softs & Cryptocurrencies
  • Forex & Metals
  • 45+ Forex pairs
  • 200+ markets
125+ Equities CFDs • ThinkMarkets MT4.

ThinkMarkets CFD MT4 Review

For UK traders, ThinkMarkets offers spread betting on MT4. For UK and other traders, ThinkMarkets offers CFD trading on MT4. There are two account types, namely Standard and Pro. The difference is that the Pro account has a higher minimum deposit and offers very low spreads, plus a commission charge (of 2.5 units per lot per side). The Standard account, like the spread betting account, does not charge commissions.

What markets does the CFD MT4 Standard account offer ?

The CFD Standard account offers Forex, Precious Metals (Gold, Silver and Platinum), Metals (Copper), Energies, Indices, Soft Commodities, Equities and Cryptocurrencies, for a total of 200+. This is wider range and a greater total than the spread betting account for UK traders only. Of the different accounts offered at ThinkMarkets, the most markets and widest range are on the MT4 Standard account.

What cryptocurrencies are offered ?

On the MT4 CFD account, ThinkMarkets offers Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Mini, Ethereum, Ethereum Mini, Dash, Neo and Ripple. This is a different offering than the MT4 spread betting account. The Mini accounts are to allow smaller trading sizes for Bitcoin and Ethereum (given the higher valuation for these markets).

Equities are available ?

There are 125+ Equities on offer, covering a range of markets.

Does the trader own the Equities or Cryptocurrencies ?

These markets are offered as CFDs, which allow the trader to speculate on the price movement of assets, without owning them. In the case of Cryptocurrencies, this means that the trader does not need any means of storing them (for example a wallet) and can go long or short.

What kind of Forex trading is available ?

There are 45+ Forex pairs available on these accounts. MT4 has a wide range of tools to analyse markets available, including technical indicators and other charting tools. For those who trade using automated trading strategies, then Expert Advisors are available. Thus both discretionary and automated trading is available on MT4 (unlike Trade Interceptor, which has a similar number of markets, but does not support automated trading). For traders who wish to trade into the ECN, then the Pro account is offered with a higher minimum deposit. Here low spreads, plus a commission charge can be found (for a higher minimum deposit). However for both Standard and Pro accounts, ThinkMarkets has no dealing desk intervention, allowing a wide range of trading styles.

What Softs are available ?

Unlike the spread betting UK account, Agricultural Soft Commodities are offered. These include: Cocoa, Coffee, Corn, Cotton, Soybeans and Wheat.

What is the minimum deposit to trade on MT4 ?

The minimum deposit is £/$250. The minimum deposit for the Pro account is £/$2000.

Is ThinkMarkets regulated ?

ThinkMarkets is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom and is regulated by the Australian Securities and Investments Commission (ASIC) in Australia.