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/10

Thinkvate Markets

India|2-5 years|
MT5 Full License|Regional Brokers|High potential risk|

https://www.thinkvatemarkets.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
Thinkvate-Demo MT5
Server Location United Kingdom

Contact

+91 9751607074
admin@thinkvatemarkets.com
https://www.thinkvatemarkets.com/

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+91 9751607074

Broker Information

More

Company Name

Thinkvate Technologies Private Limited

Company Abbreviation

Thinkvate Markets

Platform registered country and region

India

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away!
Previous Detection : 2024-06-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Thinkvate Markets · WikiFX Survey

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Thinkvate Markets · Company Summary

Basic Information
Registered Countries India
Regulation No License
Minimum Deposit $50
Maximum Leverage 1:400
Minimum Spread From 0.0 pips
Trading Platform MT5, cTrader
Demo Account Available
Trading Assets Forex, Indices, Commodities
Payment Methods N/A
Customer Support Email Phone, Online Chat Support

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.

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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.

account-types

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

Pros Cons
MT5 and cTrader supported No regulation
High leverage Limited trading assets
EAs, Scalping, and Hedging allowed
Low minimum deposits
Competitive spreads

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.

User Reviews

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黎明不懂沙皮狗的忧伤
more than one year
Why? It is not authorized at all, illegal platform! Their customer support also sucks, kept asking you to make a deposit. My friend Tommy recommends it to me, but I decided not to trade with this one. It is not trustworthy.
2022-12-05 13:36
Reply
0
0
乗聿夆
more than one year
Thinkvate Markets' website states that withdrawals are available instantly, 24/7. They are telling lies! The withdrawal I applied for yesterday hasn't arrived yet. Don't believe what they say!
2022-12-02 19:19
Reply
0
0
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