General Information
Thinkvate Markets is an online trading platform registered in India, providing access to trading CFDs on Forex, Indices and Commodities. With the Thinkvate Markets platform, three trading accounts are available, with the lowest required opening deposit being $50, and traders can employ a maximum leverage of 1:400 on their positions.
Concerning regulation, it has been verified that this broker is not regulated or authorized by any regulators, and thats why WikiFX has given it a very low score of 1.11/10.
Please be aware of the risk involved, as trading with an unregulated broker is taking a huge risk of losing your money.
Market Instruments
When it comes to trading assets provided, Thinkvate Markets is not an excellent player in comparison to many brokers, as it provides access to limited financial instruments, three classes of trading assets covering Forex, Indices, and Commodities.
Account Types
Basic, Standard and VIP accounts are the available options for traders, making them accessible to both novice and experienced traders. The minimum deposit to open a Basic account is $50, Standard accounts from $500 and traders who want to try the VIP accounts need to fund at least $1000.
Demo Accounts
Apart from live accounts, Thinkvate Markets demo account, prospective traders can test out different trading strategies to trading without putting their own money at danger, resulting in a more relaxed trading experience.
Spreads & Commissions
Trading accounts set the commissions and spreads. Basic and Standard accounts offer a zero-commission trading environment, with spreads starting from 1.5 pips and 0.7 pips, respectively. The VIP accounts highlights low or no spreads, preferably chosen by scalpers and professional traders, with spreads from 0.0 pips, accompanied by a commission of up to $2.5 each side per lot.
Leverage
Maximum leverage for major forex is 1:30 in Europe and Australia, and 1:50 in the U.S. and Canada, while Thinkvate Markets enables its clients to use leverage of up to 1:400. This is crazily higher than the proper amount considered appropriate by most regulators.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size.
Trading Platform
The MT5 trading platform, widely regarded as the best in the business, is available through Blue Ocean, which can be accessed on Windows, MacOS, IOS, Android.
Customer Support
If you have any inquiries or trading-related issues, you can get in touch with this broker through the following contact channels:
Telephone: +91-9751607074
Email: admin@thinkvatemarkets.com
Or you can also follow this brokerage on Twitter, Facebook.
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
Frequently Asked Questions
Is Thinkvate Markets regulated？
No, Thinkvate Markets is not regulated.
What is the maximum leverage provided by Thinkvate Markets？
The maximum trading leverage provided by Thinkvate Markets is up to 1:400.
Does Thinkvate Markets offer demo accounts？
Yes, Thinkvate Markets offer demo accounts.
