ThinkMarkets Trade Interceptor Review

ThinkMarkets Trade Interceptor Review

Forex, Precious Metals, Indices, Energies & Cryptocurrencies

  • FCA & ASIC Regulated ✔
  • Variable spreads
  • Minimum deposit: £/$250
  • No commission charge
  • Forex & Metals
  • Cryptocurrencies
  • 40+ Forex pairs
  • 195+ markets
Trade Interceptor Platform • ThinkMarkets Trade Interceptor.

ThinkMarkets Trade Interceptor Review

ThinkMarkets has three different kinds of accounts. These are spread betting on MT4 for UK traders, and for UK and other traders, Standard accounts on MT4 and Trade Interceptor and Pro accounts on MT4. The MT4 accounts allow both discretionary trading (where the trader makes the decision to trade) and automated trading. Trade Interceptor 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.

What is Trade Interceptor like ?

Trade Interceptor is a simplified platform, which is easy to see and use. This differs it from MT4, which may require a familiarisation process to make use of its powerful features. Of course it is more than a good idea to work out how Trade Interceptor 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, 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).

What markets are offered ?

Trade Interceptor provides Forex, Indices, Precious Metals, Energy, Equities and Cryptocurrencies, for a total of 195+. This is a smaller range and slightly less total than the MT4 CFD Standard account. The number is similar because the bulk is Equities and they have the same number of these.

What cryptocurrencies are offered ?

On Trade Interceptor, Bitcoin, Bitcoin Cash, Bitcoin Gold, Bitcoin Mini, Ethereum, Ethereum Mini, Dash, Neo and Ripple and available (the same as the MT4 CFD account and less than the MT4 spread betting account).

Does the trader own the Equities 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 Trade Interceptor ?

The minimum deposit for Trade Interceptor is £/$250.

Spread betting vs MT4 Standard vs MT4 Pro vs Trade Interceptor

  • Spread betting is for UK clients and offers a reduced number and range of markets (but has more cryptocurrencies)
  • MT4 Standard offers the widest range of markets
  • MT4 Pro provides ECN trading, for a higher minimum deposit
  • Trade Interceptor offers the user friendly Trade Interceptor Platform with a range of CFDs to trade

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.