ThinkForex is an ECN Forex broker providing quality execution coupled with world class customer support and innovative trading products for its clients. ThinkForex is a liquidity provider that enables clients and forex money managers to trade spot forex. With the operational headquarters in New Zealand and offices worldwide, ThinkForex offers one of the best forex pricing in the industry as its partnership with top tier 1 liquidity providers.
ThinkForex is one of the few ECN Forex brokers that allows hedging, scalping on their high speed automated low latency forex trading platform, powered by MT4 forex trading platform.
ThinkForex – ECN Details
|MT4 Account||MT4 Pro Account|
|Minimum Deposit||500 Units (GBP/EUR/USD)||10,00 Units (GBP/EUR/USD)|
|Spreads||From 1.0||From 0.2|
|Instruments||All Forex Majors, CFD’s, Metals|
|Min. Commissions||No Commissions|
|Base Currency||USD, EUR, GBP|
|Platforms||MT4, MT4 Pro|
|Islamic (no swap) accounts||Yes. Open account and contact the account manager.|
|Deposit Methods||Credit Cards, Click & Buy, AlertPay, Moneybookers, Ukash, Bank WIRE|
About the Company – ThinkForex
ThinkForex is a licensed ECN Forex broker, registered with the Financial Service Provider (FSP) registration number FSP52861 as well as the Financial services companies ltd. (FSCL) and operates under the name of “Think Forex Capital Markets Ltd. ThinkForex was established in late 2010, early 2011 and has quickly gained reputation for its low latency and tight spreads.
Popular with most ECN traders, ThinkForex also offers additional benefits including Forex VPS services for accounts with a minimum deposit of $2500.
ThinkForex – ECN Spreads & Commissions Details
ThinkForex operates a No Dealing Desk model and their forex spreads are market driven from large interbank liquidity pools. Clients at ThinkForex get access to real forex spreads. ThinkForex charges spreads rather than commissions. However being an ECN forex broker, you will have to factor in the variable spreads. Yet, ThinkForex offers one of the tightest spreads in the forex markets despite being an ECN forex broker.
ThinkForex – Trader Services & Tools
ThinkForex offers a host of additional services to help you trade better. The trader services and tools from ThinkForex is designed to help traders make better trading judgements and also to maximize your potential to profit when trading with ThinkForex.
ThinkForex – Custom Expert Advisor
ThinkForex offers custom MT4 EA programming services for traders to develop their own MT4 indicators. All ThinkForex Pro account holders are eligible to receive 1 custom EA designed for them, for FREE.
ThinkForex – MYFX Console
The MyFX Console is available for ThinkForex Pro Account holders only. MyFX console works in the background of your MT4 installation and provides manual traders with all the information required to trade with precision. The MyFX console from ThinkForex allows for One Click trading as well as other features such as stop loss and take profits.
ThinkForex – VPS Service
ThinkForex VPS service is perhaps one of the most widely loved feature. Traders with the ThinkForex Pro account can take advantage of the free VPS service that comes with the ThinkForex MT4 platform pre-installed. The biggest advantage with using the ThinkForex VPS service is the fact that the VPS servers are located close to the liquidity providers. This makes for super fast executions thus greatly reducing on latency. In fact ThinkForex offers little to none latency when it comes to executing your trades.
ThinkForex Overall Review
ThinkForex is one of the few ECN forex brokers that are directly connected to the Tier 1 Liquidity pools. This enables ThinkForex clients access to the best bid/ask quotes and fast execution of the orders. ThinkForex is an ideal platform for forex scalpers or those looking for short term profits trading the news. The MT4 Pro account from ThinkForex opens up a host of benefits including building your own custom indicators, free VPS service. ThinkForex customer support is found to be quite prompt in their responses and are knowledgeable in their dealings with the clients.