Think Capitals Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-30 16:58

Abstract：Think Capitals is an UK-based forex broker, with the company behind it called Think Capitals Ltd. there is minimal information about this corporation, nor the regulatory license details. Clearly, Think Capitals is an unregulated broker, unsafe to trade with it.

　　General Information & Regulation

　　Think Capitals is an UK-based forex broker, with the company behind it called Think Capitals Ltd. there is minimal information about this corporation, nor the regulatory license details. Clearly, Think Capitals is an unregulated broker, unsafe to trade with it.

　　Negative Reviews

　　Think Capitals has been involved in large number of scandals recently. Many people complaint that Think Capitals is a scam platform that is unable to withdraw funds, or stealing traders profits.

　　Markets Instruments

　　Think Capitals advertises that it has an extensive lists of trading instruments: forex pairs and CFDs on indices, precious metals and indices, shares, IPOs, Spot Indices and Spot Commodities.

　　Minimum Deposit

　　Think Capitals advertises that it enables traders to deposit as low as $100 to start real trading. Although the amount seems reasonable compared to many other brokers requirements, traders are still not advised to trade with this unregulated broker.

　　Leverage

　　Think Capitals offers the leverage up to 1:500 for forex trading. The maximum leverage offered by EU-based broker is capped at 1:30 to protect retail traders fund safety. Obviously, what Think Capitals do goes against the EU regulation.

　　Spreads & Commissions

　　Think Capitals says that it offers ultra-low spread, starting from 0 pips on some major currency pairs, but it does not specify detailed spreads on particular instruments.

　　Trading Platform Available

　　Think Capitals uses the popular MetaTrader 4 (MT4) platform. More than 10 years since its launch the platform is still enjoying great popularity, thanks to its ease of use, versatility and extensive functionality. Think Capitals offers the MT4 platform in all its versions – as a trading terminal for PCs, a web version and the mobile application for smartphones and tablets.

　　Deposit& Withdrawal

　　Think Capitals offers the usual deposit options like bank transfer, credit and debit cards and the Skrill, Neteller and China UnionPay online payment systems.