ThinkMarkets ThinkTrader (Trade Interceptor) Review

ThinkMarkets Trade Interceptor Review

Trade On A User Friendly Platform

  • FCA & ASIC Regulated ✔
  • Variable spreads
  • Minimum deposit: £/$0
  • No commission charge
  • Forex & Metals
  • Cryptocurrencies
  • 40+ Forex pairs
  • 1000+ markets
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ThinkMarkets ThinkTrader Review

ThinkMarkets has three different kinds of accounts. These are spread betting on MT4 and MT5 for UK traders, and for UK and other traders, Standard accounts on MT4 and MT5 and ThinkTrader and ThinkZero accounts on MT4 and MT5. The MT4 and MT5 accounts allow both discretionary trading (where the trader makes the decision to trade) and automated trading. ThinkTrader is a branding of Trade Interceptor and is for discretionary trading and is arguably optimised for this. So discretionary traders may want to consider this platform from ThinkMarkets's range of account types. ThinkTrader is only available on the Standard account, which has no minimum deposit requirement.

What is ThinkTrader like ?

ThinkTrader is a simplified platform, which is easy to see and use. This differs it from MT4 and MT5, which may require a familiarisation process to make use of their powerful features. Of course it is more than a good idea to work out how ThinkTrader works before using it, but it has an approachable feel to it, that makes it more approachable. When logging in, the trader is presented with a chart, markets, account information and order information, with large typefaces for the markets. At the top is a news feed (FxWirePro), focused on market news. By pressing on the plus button under the markets list, the trader can bring up the complete list of markets (also in large typeface). There is also a TrendRisk Scanner which provides target prices, stop levels and Risk/Reward projections for a range of markets.

What markets are offered ?

ThinkTrader provides Forex, Indices, Metals, Energy, Shares, Futures and Cryptocurrencies, for a total of 1000+. This is more than the MT4 CFD Standard account.

What cryptocurrencies are offered ?

On ThinkTrader Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash CFDs are available .

Does the trader own the Shares or Cryptocurrencies ?

These markets are offered as CFDs. These allow the trader to speculate on the price movement of assets, without owning them. For Cryptocurrencies, this means that the trader does not need to store them, for example with a wallet, and can go long or short.

What is the minimum deposit to trade on ThinkTrader ?

The minimum deposit for ThinkTrader is £/$0 (there is no minimum deposit requirement).

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 and is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa.