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Rating Forex / Brokers / ThinkMarkets

ThinkMarkets

Cheated by a financial organization, does not withdraw money? Do you want to check the financial company?

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    Review of reviews about ThinkMarkets – broker features, scam algorithm, analysis

    The company appeared in 2010. During this period, more than one division was opened. As a result, the service has significantly expanded the number of users who can be deceived. It should be noted that the management approached the process of launching the broker very competently. Because the site is filled with fake documents that create the illusion that the company provides services legally.

    Status

    SCAM

    Year of foundation

    2010

    Affiliate program

    Yes

    Regulation and jurisdiction

    UK, Australia, South Africa, Saint Lucia, Saint-Vincent & Grenadines, Bermuda, Seychelles

    Website

    thinkmarkets.com

    Contacts

    Site: Seychelles

    City: Mahe

    Address: CT House, Office 9B, Providence

    Phone: +44 203 514 2374

    Pros
    • Wide range of tools
    • Low entry threshold
    • Many licenses from strict jurisdictions
    Cons
    • Imposing services through offshore companies
    • Requotes, slippages, terminal malfunctions, profit reset
    • Problems with withdrawals
    Trading Platform

    MT4, MT5, ThinkPortal, ThinkTrader, ThinkCopy

    Types of accounts

    Mini, Standard, ThinkZero

    Currency

    AUD, EUR, CHF, GBP, USD, Bitcoin (BTC), Ether (ETH), Tether (USDT ERC-20 & TRC-20), Bitcoin Cash (BCH), Stellar (XLM), Litecoin (LTC), EOS (EOS), DASH (DASH), USDC (USDC ERC-20), XRP (XRP), Tron (TRX), Binance Coin (BUSD (ETH only)

    Deposit/withdrawal

    Sepa, SWIFT, Visa, Mastercard, Crypto, PM, Apple Pay, Google Pay, LIPI, INB, MPesa, Mobile Money Ghana

    Min Deposit

    $10

    Leverage

    1:500

    Spread

    From 0 pips

    Financial Instruments

    Forex, indices, energies, metals, cryptocurrencies, stocks, ETFs, futures

    Trading Features

    Global cuisine is drained through offshore subsidiaries

    Bonus

    Yes

    Terms of cooperation with ThinkMarkets

    The fake broker’s website offers different types of trading accounts, each designed to meet the specific needs of traders.

    • standard account. Suitable for most traders, offering a wide range of trading tools and services. Standard account requirements include access to various markets via the MetaTrader 4, MetaTrader 5 and ThinkTrader platforms;
    • ThinkZero account. Designed for more experienced traders looking for better trading conditions with low or no spreads. This account may incur additional fees, but offers faster execution speeds and access to deep liquidity;
    • A demo account provides the opportunity to practice and test trading strategies without the risk of losing real money. This is ideal for beginners who want to familiarize themselves with the platform and trading conditions at ThinkMarkets;
    • professional account. Designed for traders with significant trading experience and capital. This account type offers special conditions, including higher leverage and access to exclusive trading tools.

    Unfortunately, specific limits, orders, pips and minimum thresholds for starting were not indicated in the information provided. For detailed information about each account type, including specific trading terms, commissions, spreads and minimum deposits, it is recommended that you contact ThinkMarkets directly. The office decided not to detail the nuances directly on the broker’s official website. This creates a platform for further manipulation of traders.

    History of the formation of ThinkMarkets

    Company founded2010 and is a premium multi-asset online broker with head offices in London and Melbourne, with centers in Asia Pacific, the Middle East and North Africa, Europe and South America. The company provides fast and easy access to a wide range of markets, including forex, stock CFDs, cryptocurrencies, commodities, indices, futures and much more. ThinkMarkets offers some of the most recognized trading solutions, including the industry standard MetaTrader 4, the next generation MetaTrader 5, and the in-house developed ThinkTrader platform, awarded for the best mobile platform by the forex community.

    The company is recognized by some of the most trusted financial regulators, including CySEC, FCA, FSCA, ASIC, NFZMA and others. The problem is that the company does not place specific footnotes on the documents. That is, it is impossible to verify the accuracy of this information unless you write to the auditor’s support or search through the website. We additionally checked the register of the Central Bank of the Russian Federation and made sure that our hero was not there.

    In case of unforeseen circumstances, the total compensation payable to each insured client of the Cyprus Investor Compensation Fund cannot exceed €20,000 or 90% of the insured investor’s claim, whichever is lower. The UK Financial Services Compensation Scheme protects clients up to a threshold of £85,000 GBP. Does the company pay this? Apparently, given the reviews, no. Since the comments in most cases are devoted to the lack of return on the part of the office.

    Communication formats

    Company poffers several ways to contact their multilingual support team to assist with your trading account. Here are the available contact formats:

    • you can send a request for support by filling out the feedback form on the website;
    • several emails;
    • phone number;
    • address of the offices, of course fake.

    The support team is available 24/7 to provide assistance and support to traders at any time. And here it is enough to look at the responses of ex-clients, and it becomes obvious that ThinkMarkets does not plan to professionally support traders.

    Expert opinion

    Eugene Rudenko

    ThinkMarkets is an award-winning FCA and ASIC regulated global broker offering online trading in Forex, Shares, Indices, Precious Metals, Commodities and Cryptocurrencies. The broker provides spread betting and CFD trading on an advanced trading platform you can trust. ThinkMarkets offers its clients access to over 4,000 instruments – from Forex and gold to indices and shares, with competitive spreads from 0.0 pips. The broker emphasizes its focus on the safety of client funds by holding them in accounts with leading banks, and offers powerful mobile-optimized trading platforms with a wide range of tools to support every trading style. In reality, we have before us an ordinary kitchen that scams people out of money and manipulates users. Further, the ThinkMarkets review showed that these are real scammers.

    Want to spread the word about your company or have you been in a negative review? Contact the portal editorial office right now

    ThinkMarkets Reviews and Most Common Complaints

    All real reviews about SinkMarkets are related to complaints regarding cooperation with the broker. Basically, clients are scammed out of money. The authors share stories of how non-stop prices change against traders’ orders. Of course, everything ends in a negative way. The user is left without money.

    There are stories about how ThinkMarkets approves the withdrawal of money, but a small amount. And then the process of feeding breakfast begins. The client wants to withdraw more, but the funds are not available or he needs to wait.

    In general, cooperation with the office leads to losses.

    Please note that very often traders fall forbeautiful andconvincing advertising, and promises from company employees.

    If you fell for tricks and transferred money to the account of scammers, write to our managers. Chargeback Specialists will help you get your deposit back

    ThinkMarkets scam scheme

    The fraud algorithm includes the following points:

    • anduse of offshore subsidiaries;
    • traders are only allowed to withdraw small amounts of money, while funds earned beyond the initial deposit remain unavailable for withdrawal;
    • the site does not contain contact information for Russian clients, which indicates the company’s reluctance to serve this market and provide support;
    • setting minimum and maximum transaction volumes, as well as offering high leverage, may indicate a “kitchen” operating style, where the company acts as a counterparty to transactions, which increases risks for traders.

    This divorce scheme is not something unique or repeatable. One can say even more, the company adheres to the most common algorithm of actions, which brings in stable money.

    Conclusion

    Below are signs of fraud that were discovered during the review of thinkmarkets.com:

    • offshore subsidiaries;
    • fake licensing information. The Central Bank of the Russian Federation knows nothing about the functioning of this broker;
    • aboutlimited withdrawal of funds. There are cases where traders were only allowed to withdraw small amounts, while funds earned in excess of the deposit remained unavailable;
    • the site does not have special contact information for Russian clients, which may indicate the company’s reluctance to interact with the Russian market;
    • mixed information about registration and regulation. The site provides different versions of registration and regulatory information, which can be confusing when trying to verify the legitimacy of a company;
    • passivity on social networks. There is low activity from subscribers and a lack of response to accusations of fraud in comments to company posts on social networks;
    • hiding trading conditions.

    These signs indicate potential risks when working with ThinkMarkets. Therefore, before opening an account, carefully study the above section.

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    FAQ

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    How do customer reviews influence ThinkMarkets on the company's rating?

    Customer reviews are one of the main criteria influencing the reputation and position of a broker in the ranking of reliable companies. You can view reviews about ThinkMarkets on the main broker profile page.

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    How to write a review about cooperation with ThinkMarkets Online Forex rating?

    You must register on the official Forex Rating website. This procedure is free and will take very little of your time. To confirm your registration, you will receive an email with a link where you will find detailed instructions on how toleave a review about the company ThinkMarkets.

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