Think Market 247 Forex Broker

Note: Since Think Market 247s official site (https://www.thinkmarket247.net/) is unavailable while writing this introduction, only a cursory understanding can be obtained from the Internet. General Information & Regulation Think Market 247, a trading name of Think Market 247 Ltd, is allegedly an unregulated, blacklisted and offshore forex broker registered in the United Kingdom that claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:400 and high spreads on the web-based trading platform, as well as a choice of four different live account types. Market Instruments Think Market 247 advertises that it is a forex broker trading in forex, stocks, indices, commodities and cryptocurrencies. Account Types There are four live trading accounts offered by Think Market 247, namely Bronze, Silver, Gold and Platinum. Opening a Bronze account requires the minimum initial deposit amount of $250, while the other three account types have much higher minimum initial capital requirements of $1,000, $10,000 and $50,000 respectively. The broker also offers Islamic accounts, also called swap-free accounts. Leverage Traders holding different account types can enjoy different maximum leverage ratios. Clients on the Bronze or Gold account can experience leverage of 1:200, while the Silver and Platinum account can enjoy the maximum leverage of 1:400. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses. Spreads As shown on the demo account at Think Market 247, the EUR/USD spread is 3.8 pips, which is much higher than the industry average of 1.5 pips. Trading Platform Available The platform available for trading at Think Market 247 is the web-based trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal Think Market 247 appears to accept card payments only. The minimum initial deposit requirement is said to be $250. Bonuses & Fees Think Market 247 claims to offer a welcome bonus for different account types. The broker offers a 10% and 20% bonus for the Gold and Platinum accounts respectively, yet we cannot be sure if the bonus can be withdrawn without any limitation. The broker also charges a dormant fee. Trading accounts that remain inactive for 6 months will be considered dormant and charged $250 every 6-month period. Customer Support Think Market 247s customer support can be reached by telephone: 442033180032, email: support@thinkmarket247.net. Company address: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960.