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With the ever-growing interests of traders, multi-asset trading solutions are the future of the industry, with ThinkMarkets looking to establish its brand beyond forex trading. The What is the main reason for the rebranding? Our main source of business have been a handful of introducing brokers which were promoting us.
Most importantly we now have our new platform called ThinkTrader. It is a giant leap forward for us coming from an only MT4 experience that will allow us to expand into equities, options and other assets. We are the first broker that we know of that has launched their own platform coming from MT4 and the rebranding was important to explain that.
Will there be any fundamental differences between ThinkForex and ThinkMarkets in terms of the offering? Most importantly on ThinkMarkets we offer reduced spreads, better rebates and more services to traders who are using ThinkTrader. In terms of the ThinkMarkets platform offering — is this a brand new solution and what made you go the way of a proprietary platform?
We partnered with several third party vendors for services but the platform as it stands is proprietary to ThinkMarkets. This project started several years ago as we were growing rapidly and we constantly found ourselves competing with brokers on MT4 with no real USP that we could market aside just having MT4, which almost all brokers had. MetaTrader 4 is a great platform for brokers but at one point you reach a ceiling in how big you can really grow with it. In order for us to really grow as a firm we realized we needed our own platform to control of our own destiny.
Most importantly we wanted the ability to provide customizable and tailored products for our clients to make them stay longer and trade more with us. What are the main perks of ThinkMarkets for traders? In launching our own platform, our real focus is mobile trading. We realize that as nearly half of our volume comes from mobile we needed a solution that caters to mobile and desktop traders alike. The Mobile app is called ThinkTrader and allows many one touch trading features which are not found in other apps.
All accounts on our new platform come with reduced spreads, with traders having the ability to use integrated AutoChartist, Reuters news and many more advanced features not found in MT4. Will you be white labeling this offering to other brokerages? Yes for qualified brokerages we are open to offering a full package white label of the platform. Account Types with ThinkForex The broker offers 3 standard accounts, a pattern we already have seen with European brokers. The account charges a commission which is not fixed and can be negotiated with the broker by calling the customer support.
ThinkForex Bonus Offers The broker offers different promotions which take the shape of a bonus as we know it. Nevertheless, this is not a full-time offer, but limited edition, so that you will have to wait for another promo from the respectable broker. Our team would also kindly recommend reading the Bonus Terms and Conditions before applying for a bonus in order to avoid any misunderstandings. Baking Options The broker who operates from a distant place has to have plenty of payment methods at disposal, and ThinkForex really has.
Some of these methods include high fees, and traders should definitely check on which method is the most affordable. Customer Support ThinkForex provides for all contact methods from phone to live chat, and the staff is available around the clock. The broker also provides educational resources which can help solve one or the other dilemma concerning trading decisions.
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