Thinvest broker Review
Thinvest is a forex and CFD broker driven by technology, integrity and a passion for excellence. The brokerage was founded since 2010 by a team of forex market analysts and traders whose goal is to do things differently by providing traders with modern, affordable, safe and efficient brokerage services. Operating from the UK and Germany, Thinvest has been operating consecutively for over 10 years and has won several industry awards for excellent services.
Today, Thinvest boasts of over 10, 000 trades per day placed by more than 25,000 clients from every part of the globe.
- Regulated by the FCA in UK and FSC in BVI.
- Experienced broker that has been operating for over a decade.
- Clients can trade on the sophisticated and popular MetaTrader platforms.
- Tight spreads and ultrafast executions powered by ECN technology.
- Account management by experts with guaranteed profits and minimal costs.
- Updated market news and analysis is available 24/7
- Dedicated client support desk that is readily available.
- No trading academy for newbies.
- Limited assets; no CFDs in bond, ETFs, etc.
Security and Regulation
The parent company that owns the brand name ‘Thinvest’ is a German company known as ‘Prixus Global GmbH’. It is authorized and regulated by Financial Services Commission of the British Virgin Islands (BVI FSC) and also by the Financial Conduct Authority (FCA) in the UK.
Standard security measures have been put in place by the brokerage to ensure a safe trading environment. All its platforms are secured by Secured Socket Layer (SSL) which encrypts all client data before transmission over the public internet. All new clients are verified through KYC procedures; they have to upload a government issued identity card as well as a current utility bill. This is done to fully identify all traders and to prevent money laundering under the pretext of forex trading.
When you make a deposit to Thinvest, your funds are kept is a segregated account which is being maintained in one of the top European banks. This ensures that the broker does not use clients’ funds for any other purpose. Even if the Thinvest suffers financial losses, segregated funds cannot be used to bail out the brokerage, instead depositors’ funds will be returned to them. If in the future the broker goes bankrupt, the Financial Services Compensation Scheme (FSCS) will pay each UK client a maximum of £85,000.
When you login to any of Thinvest platforms, you will have access to trade more than 50 currency pairs, hundreds of stock CFDs drawn from several countries, index CFDs, commodities like crude oil, agricultural products and precious metals like Gold and Silver. Also, you can trade CFDs of the most popular cryptocurrencies.
Thinvest has simplified the account creation process by making it easy and stress free. Just visit the broker’s website; www.thinvest.com and click ‘Register’. This action displays the ‘New account registration form’. Complete the form by inputting your personal details such as name, email, phone, address, etc. Enter the details of your international passport, driving licence or government ID card. Once the form is submitted, you will have to wait for your new account to be approved after which you can deposit your trading capital and commence trading.
Thinvest accepts a number of payment methods from its clients. Below are the most popular deposit and withdrawal methods:
You can fund your trading account by initiating a bank wire transfer from your country to Thinvest accounts in USD, EUR or GBP. There are no limits to bank transfers but the major drawback here is that it takes 3-5 bank working days before a bank transfer process is completed. Your bank may charge a processing fee but Thinvest charges no commissions on deposits.
Thinvest accepts payments from debit and credit cards issued by global financial processors like MasterCard and Visa. When you make payments from cards, it is normally processed instantly and the money becomes available for trading. However, withdrawals to cards take much longer time.
You can fund your Thinvest account using Bitcoin; the first and most popular cryptocurrency. Typically, Bitcoin payments are processed within a few minutes and charges depend on the blockchain.
Account types and fees
Generally, there are two account types for active traders. However, there are other special account types to cater for the need of other traders based on some criteria. All accounts can be denominated in USD, EUR or GPD.
Below are the major account types:
This is the major account type for all experienced traders who wish to pay from spread charges. You need at least $100 to open this account type. EU clients are limited to a leverage of 1:30 due to ESMA restrictions while international clients can trade up to a leverage of 1:400. Spreads are very competitive and there are no commissions.
This is the premium account designed for professional and institutional traders who use complex trading systems, trade large volumes or require raw spreads starting from 0.0 pips. About $1,000 is needed to open the ECN account while pro traders can trade with a maximum leverage of 1:500. The spreads on major currencies start from 0.0 pips with a commission of $3 per lot.
This account is available on request. It is specially designed for Muslim traders who are not permitted by their faith to receive or pay interest fees. So, Islamic accounts are swap free. When an open position is maintained overnight, no swap fees are incurred.
This is a free practice account available to all prospective and registered traders. It is already credited with $10,000 which can be used for virtual trading. It is not real money but demo accounts can help traders to test out their strategies and help beginners to learn how the trading platform works.
Trading platforms are softwares that interface forex traders with brokers. There are numerous trading platforms but Thinvest has chosen the MetaTrader platforms; MT4 and MT5. These platforms were developed by ‘MetaQuotes Software Corp’ which is a software company that operates from Cyprus. They developed the MT4 in 2005 and the MT5 in 2010. However, both platforms are incompatible and MT4 apps cannot be installed on the MT5.
In terms of physical appearance, the MT4 and MT5 look very much alike. The interface is user friendly and suitable for all traders irrespective of experience. They are fast, robust and packed with professional tools for analysis, order management and execution. But the MT5, being a latter platform is more powerful and has more features. It comes with the economic calendar, more charting timeframes, drawing tools and technical indicators.
However, both platforms support automated trading via Expert Advisors (EAs). The features of each platform can be extended via plug-in apps. Both platforms are available on windows desktop, WebTrader and mobile apps; iOS and android.
Thinvest has a team of certified forex analysts and traders who also act as fund managers. Investors are encouraged to take advantage of this opportunity to increase their wealth without even knowing how to trade. There are no management fees, no transaction fees and no hidden costs. Only 15% of the net profits will be deducted from the client’s accounts.
The major task confronting forex traders is to predict the exchange rate direction of a given currency pair at any time. To do this, they rely on some tools for market analysis. Apart from the analytical tools that come with the trading platforms, Thinvest also provides its clients with updated market news and comprehensive analysis. This is to further assist its traders with trading ideas and analysis from industry experts.
Thinvest boasts of a dedicated customer service desk that is multilingual and willing to assist at all times. You may reach them by calling the phone number: +44 2070 9735 78. While browsing the broker’s website, you may reach the support team by filling the ‘contact us’ form. A support staff will respond to your enquiry or complains by email or phone within 24 hours.
Promotions and rewards
Refer a friend
If a Thinvest client refers a new client to the brokerage, he gets a financial reward once the new client makes a deposit. The reward is credited to his trading account. He gets $100 reward if the deposit is in the range of $2000 – $4999 and $150 if it is from $5000 to $9999. For deposits of $10,000 and above; the reward is $200.
Thinvest is currently handing out brand new devices such as iPhone 13, iPad mini or Samsung Galaxy S21 to its new clients. This is to enable them use it to open positions and monitor their trades anywhere, anytime.
The forex market is the world’s largest financial market by volume. Numerous traders flood the market daily in order to make profits from the fluctuating exchange rates. Thinvest is a forex broker that has been tested and trusted for over ten years. The broker provides a digitally secure and conducive trading environment for both new and advanced traders.
The broker has partnered with premium liquidity providers to ensure that they get best speed and charges. Spreads are tight, executions are swift and multiple trading tools are provided. No matter your trading strategy, style or tools; you are welcome to trade with Thinvest. The support team is always ready and willing to assist in case you need anything. Even if you know nothing about trading, Thinvest has expert traders to manage and grow your funds without any technical input from you.
It’s no surprise that the brand has been repeatedly recognized and honoured with awards. Why not join over 25,000 traders from all over the world to have a taste of the top notch services offered by Thinvest?