ThinkMarkets Spread Betting MT4 Review

ThinkMarkets MT4 Spread Betting Review

Forex, Precious Metals, Indices & Cryptocurrencies

  • FCA & ASIC Regulated ✔
  • Tight variable spreads
  • Minimum deposit: None
  • Expert Advisors
  • CFD accounts available
  • No commission charge
  • 35+ Forex pairs
  • 60+ markets
11+ Cryptocurrencies • ThinkMarkets MT4.

ThinkMarkets Spread Betting MT4 Review

In the UK, ThinkMarkets offers spread betting on MT4. For clients outside of the UK (and for clients in the UK as well) ThinkMarkets provides CFD trading as well. On MT4 ThinkMarkets has less markets than on its Trade Interceptor platform, but it has more Cryptocurrencies to trade.

What markets does ThinkMarkets offer on MT4 ?

Forex, Indices, Precious Metals and Cryptocurrencies, for a total of 60+ markets. This is less than Trade Interceptor, which has 200+ as it includes more markets including Equities.

What Cryptocurrencies are offered ?

ThinkMarkets offers 12 Cryptocurrencies to spread bet: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Dash, IOTA, NEO, OmiseGo, Monero, Ripple, Zcash and Metaverse ETP. This is more than are offered on Trade Interceptor or MT4 as CFDs.

Does the trade own these cryptocurrencies ?

The trader does not own the cryptocurrency. Spread betting is speculating on the price movement of the asset, without owning it. This means than no wallet or other means to store it is needed, and the trade can go long or short.

What advantages does MT4 have ?

MT4 allows the trader to trade making their own decisions (discretionary) trading and allows them to automate trading strategies. For discretionary trading, MT4 provides a range of indicators and charting tool, to enable the trader to analyse a market. For automated trading, MT4 provides Expert Advisors, which are automated trading strategies. The trader can use ones already built, can modify them or build them themselves. MT4 has a marketplace which allows the trade to add on indicators and strategies and other tools.

Does ThinkMarkets allow the trader to trade CFDs on MT4 ?

Yes, this is possible. There are differences in markets provided. When the trader opens an account with ThinkMarkets, they can add on other accounts, such as Trade Interceptor and MT4 CFD trading. The MT4 CFD accounts can be Standard or Pro.

What is ThinkMarkets's minimum deposit ?

There is no minimum deposit for ThinkMarkets's Standard account.

Does ThinkMarkets's MT4 spread betting account charge commissions ?

No, there is no commission charge for spread betting on MT4. Compensation for the broker occurs through the spread difference.

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.

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