Think Markets Review Is Thinkmarkets.com A Safe Forex Broker

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ThinkMarkets Review

Please Note: ThinkMarkets was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

The ForexBrokers.com annual forex broker review (four years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. How we test.

ThinkMarkets (formerly ThinkForex) was established in 2020. Today, ThinkMarkets is regulated in Australia (TF Global Markets Pty), the UK (TF Global Markets Limited), and Bermuda (Think Capital Limited).

Known for its efforts in the cryptocurrency space (see “Other Notes”), ThinkMarkets offers forex and CFDs traders access to 38 forex pairs and nearly 200 CFDs, which includes nine cryptocurrency CFDs.

Review Summary

ThinkMarkets provides regulated forex and CFDs on multiple asset classes, including cryptocurrencies. Despite offering a proprietary trading platform as well as MT4, ThinkMarkets fails to compete with industry leaders.

Benefits

  • Trade Interceptor desktop and mobile platform is a compelling alternative to MetaTrader 4.
  • Regulated in Australia and the UK (with EU passports).
  • Unique cryptocurrency offering.

Considerations

  • Standard Account holders don’t have access to AutoChartist or an account manager.
  • Poor customer service.
  • Trade Interceptor platform offers no web-based version.

Special Offer:

  • Trade Global Markets with ThinkTrader Visit Site

Is ThinkMarkets Safe?

ThinkMarkets is considered average-risk, with an overall Trust Score of 80 out of 99. ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA). Learn more about Trust Score.

Regulations Comparison

Feature ThinkMarkets
Year Founded 2020
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 2
Tier-2 Licenses 0
Tier-3 Licenses 0
Trust Score 79

Commissions & Fees

Commissions and fees will vary depending on the type of ThinkMarkets account you choose. Based on our research, ThinkMarkets is more expensive than the industry average.

Benefits

  • ThinkMarkets offers three account types and a separate account type for its Trade Interceptor platform offering.
  • Standard account: $250 minimum deposit, commission free, with wider spreads (in lieu of per trade commission) and can be used on MT4.
  • PRO account: Lower spreads compared to the Standard account and three units per side commission (six units per RT) or the equivalent of $6 RT per standard lot (100K units); minimum account balance of $2,000 required. The PRO account can be used only with the MT4 platform.
  • VIP account: Comparable to the PRO account, commission rate is negotiable on a client-by-client basis, making it an option for active traders, although it is not available for Trade Interceptor accounts (MT4 only).
  • Bankruptcy insurance for eligible clients who deposit over $50,000 in the UK.

Considerations

  • ThinkMarkets advertises its lowest spreads, but because it did not provide an average or typical spread value, we couldn’t make an even comparison with other brokers.
  • We would like to see ThinkMarkets publish its own average spread data, ideally monthly, to help provide a clearer picture on how its forex spreads average out over the entire calendar month, as its FX pricing otherwise appears competitive.
  • ThinkMarkets does, however, publish average spreads for specific instruments, such as CFD indices. For example, we observed a 1.3 pip average spread on the DAX in MT4, whereas, spreads on Trade Interceptor are fixed at 1 pip.
  • ThinkMarkets provides market execution as its main attraction as an agency broker. Because of this, positive/negative slippage can occur, as trades are not re-quoted. In the UK, ThinkMarkets has a dealer license which is limited as a match-principal (agency-only execution), and in Australia and Bermuda the brand follows a similar method, although it may take risks as a dealer/market maker when needed (as a contingency).

Further Reading

Fees Comparison

Feature ThinkMarkets
Minimum Initial Deposit $250.00
Average Spread EUR/USD – Standard N/A
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts Yes

Platforms & Tools

Thanks to Trade Interceptor, ThinkMarkets provides a trading experience that exceeds the traditional MetaTrader-only offering. That said, it is available as a desktop download only and has no browser-based version.

Benefits

  • ThinkMarkets offers two platforms: its own Trade Interceptor platform (desktop only) and MetaTrader 4.
  • While Trade Interceptor’s desktop software may be light compared to other competitors, the platform has a good balance of features, making it neither overly complex, nor too simple. All in all, I found it to be a positive user experience.
  • Charting is a clean experience, and comes packed with 102 indicators, 54 drawing tools and icons, and 12 chart types. One feature I enjoyed is that once indicators are added to a chart, those indicators are added by default to every new instrument opened in a new chart window. Chart layouts can also be saved as templates, comparable to the MetaTrader platforms.

Considerations

  • Oddly, there is no web version of the Trade Interceptor platform, leaving the mobile option the only alternative to the Trade Interceptor desktop.
  • While backtesting is available on Trade Interceptor via the Traders Gym feature, automated trading algorithms are not supported.

Further Reading

Tools Comparison

Feature ThinkMarkets
Virtual Trading (Demo) Yes
Proprietary Platform Yes
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) No
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Customer Service

To score Customer Service, ForexBrokers.com partnered with customer experience research group Customerwise to conduct phone tests from locations throughout the UK. For our 2020 Review, 229 customer service tests were conducted over six weeks.

Results

  • Average Connection Time: (23 brokers)
  • View Infographic

Research

Overall, ThinkMarkets provides a fairly diverse selection of forex and CFDs research but lacks the depth and variety of tools required to compete with industry leaders.

Benefits

  • The ThinkMarkets team of analysts produces multiple daily blog articles covering technical and fundamental news analysis across forex and CFD markets. Its economic calendar is powered by FXStreet.
  • News headlines provided by FX Wire Pro stream within the Trade Interceptor platform for clients. In addition, ThinkMarkets integrates AutoChartist, which is a popular pattern-recognition software for researching trading opportunities, although the tool is available only to clients who have at least $2,000 in their account balance.
  • Further research tools include an add-on for MT4 known as MT4 Super, developed by FX Blue LLP, which provides a suite of indicators and trading tools traders can use to enhance the default MT4 platform setup.

Considerations

  • Adding a heatmap and stock screeners would help boost ThinkMarkets’ research offering.
  • Overall quality of produced research is just, “ok”.

Further Reading

Research Comparison

Feature ThinkMarkets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Mobile Trading

After spending some time in the Trade Interceptor app, I was left impressed. Coupled with MT4, ThinkMarkets provides a competitive mobile offering for forex and CFDs traders.

Benefits

  • The Trade Interceptor app includes a good range of features, even though some of them are nestled away in the “more” section, including the economic calendar and trend risk scanner.
  • Looking at the charting package, there are 11 chart types to choose from with 102 indicators and 57 drawing tools. The experience matches that of the desktop version of the platform, which is uncommon and a benefit for traders.
  • The Trade Interceptor app may appear simple on the surface; however, it provides advanced features and settings that can be fined tuned. For example, charts can be adjusted to view four at once, which is certainly not usually available in a mobile experience.

Considerations

Further Reading

Mobile Apps Comparison

Feature ThinkMarkets
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable Yes
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

Offering of Investments

The following table summarizes the different investment products available to ThinkMarkets clients.

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Offering Comparison

Feature ThinkMarkets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 40
CFDs – Total Offered 192
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Other Notes

Liquidation calls (margin call /stop out) trigger when the account value is equal to half of the used margin, which means the free margin is permitted to go negative up to a value equal to half of the used margin amount – before all trades are closed. This is more flexible than brokers that may trigger a margin call sooner, such as when the available margin reaches zero (i.e., when the account value equals 100% of the used margin).

In 2020, ThinkMarkets followed the industry trend and began offering cryptocurrency CFDs, launching nine pairs against the US Dollar including Bitcoin, Bitcoin Cash, Bitcoin Gold, NEO, Dash, Ethereum, and Ripple.

It’s worth noting that ThinkMarket’s cryptocurrency CFD contracts expire each week, limiting their appeal to long-term investors.

ThinkMarkets also publishes a blockchain mobile app called TradeConnect, following the Initial Coin Offering (ICO) of the ThinkCoin cryptocurrency project, which is aimed at building a smart contract-based exchange, and is a member of the ThinkMarkets Group.

Final Thoughts

Looking at the ThinkMarkets offering, the Standard account would not be my choice as there is no free VPS, no AutoChartist, and no account manager provided. For traders who want MT4 and can deposit at least $2,000, the Pro account has more competitive pricing and access to the above features Standard Account holders miss.

Pricing aside, ThinkMarkets primary highlights include its cryptocurrency offering and its Trade Interceptor mobile app. Beyond this, our testing found ThinkMarkets provides poor quality customer service, and overall the broker struggles to provide enough value to compete with the best firms in the industry.

2020 Review Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 30 international forex brokers over a five month time period. Each broker was graded on 105 different variables and, in total, over 50,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than 1% each year, providing site visitors quality data they can trust. Learn more about how we test.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

About the author: Steven Hatzakis Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.

Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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Think Markets Review: Is Thinkmarkets.com A Safe Forex Broker?

Thinkmarkets.com Review: this is the name of a United Kingdom based Forex and CFD broker. Is it safe to trade with Think Markets?

The address provided by the brokerage places it in the United Kingdom. However, there is also an office that is located in Australia. The fact that the company is based in these two locations means that it requires a proper license to operate legally in those regions.

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Forex trades in the UK is regulated by the Financial Conduct authority while the Australian Securities and Investments Commission controls such trades in Australia. After checking online, we confirmed that Think Markets is properly licensed by the two commissions. This is a good find as it gives traders some sense of security regarding their invested funds.

There are other branches of the company in South Africa and in Bermuda as well. The bottom part of the website is used to give inexperienced traders some information about Forex trading. This is an interesting aspect.

The company provides a software called the Trade Interceptor. This software is said to be able to allow mobile devices carry out trades that were previously only possible on a desktop platform. they claim that it is already being used by 550,000+ users around the world.

Advantages of Think Markets

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Think Markets claims that with their great pricing, maximum security and disruptive technology, they are the best. With them, they believe traders can get the most out of Forex trading. No commission is said to be charged and their spreads are low.

Think Markets Trading Platform

Apart from the Trade Interceptor we mentioned above, Think Markets offers traders the MetaTrader 4 trading platform. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: 35+ currencies, 5+ cryptocurrencies, and CFDs on 40+ commodities including gold, silver, stocks, stock indexes, oil, and so on. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverages offered is 1:500 and while this may seem generous but they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are 0.1 pips on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on Think Markets

The means of making payments with this broker are: Bank Wire Transfer, VISA, MasterCard, Neteller, Skrill, and BitPay. Withdrawals are allowed via all this means as well except BitPay.

We find that popular e-wallets are available and this is encouraging because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $1 which is within the obtainable average of $100 – $250 among brokers. Withdrawal fees are not mentioned and it is stated that there are no commissions.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

On FPA, we found a complaint from a supposed client of Think Markets accusing the company of charging commissions on CFD shares. The case is unresolved as at when we put together this review.

Is Think Markets Licensed?

Yes. Think Markets is a properly licensed Forex trading company and is registered to trade in its UK location by the FCA. Since it is a big company with multiple offices, it is also duly licensed under the responsible authorities in the different locations. It is registered under the ASIC and FCA.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To reach the brokerage team or a representative of the customer care, interested clients can dial: +44 203 514 2374 or email: [email protected]

Conclusion

We always recommend registered brokerages to our readers and Think Markets is one of them. The trading conditions it offers is also encouraging and the minimum deposit requirement is affordable. However, we would like the brokerage team to address the negative client reviews on FPA.

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Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

ThinkMarkets

  • Company TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd
  • Founded in 2020
  • Offices in
  • Bitcoin
  • BPAY
  • Credit/debit cards
  • Neteller
  • Skrill
  • UnionPay
  • Wire transfer
  • Australian dollar
  • Canadian dollar
  • Euro
  • Great Britain pound
  • Japanese yen
  • New Zealand dollar
  • Singapore dollar
  • Swiss franc
  • United States dollar
  • ASIC, 424700
  • FCA (UK), 629628
  • FSCA (South Africa), 06.03.2020

Account Types:

  • Minimum account size $250
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 1.2
  • Minimum spread on EUR/USD, pips 0.4
  • Scalping Allowed
  • Trading instruments
  • MetaTrader 4
  • ThinkTrader
  • Trade Interceptor
  • Hedging
  • Overnight interest rates (swaps)
  • Pending orders
  • Mobile trading
  • Forex 1:400
  • Gold & silver 1:400
  • CFD 1:400
  • Indexes 1:400
  • Cryptocurrencies 1:3
  • 2020-11-28 First listed on EarnForex.com.
  • 2020-11-16 Rebranded to ThinkMarkets.
  • Minimum account size $25,000
  • Minimum position size 0.01 lot
  • Spread type Variable
  • Typical spread on EUR/USD, pips 0.4
  • Minimum spread on EUR/USD, pips 0.1
  • Scalping Allowed
  • Trading instruments
  • MetaTrader 4
  • ThinkTrader
  • Trade Interceptor

Reviews

9 reviews of ThinkMarkets are presented here. All reviews represent only their author’s opinion, which is not necessarily based on the real facts.

I was with think market’s this time last year, they manipulate your trading to steal as stated above, they are still upto the same games and a profitable trader won’t be able to make money with them as the manipualtion is full on

BEWARE THEY ARE NOT REGULARED BY FCA AND THEY WILL STEAL YOUR PROFITS

I have traded with ThinkMarkets few months ago, and made some profits, then all of a sudden they cancelled 17,000 USD of my profits claiming that i have violated the TOS.

I have informed them that i will be filing a complain to FCA and this was their reply!

We noted that you referenced complaint to the FCA in your previous email. ThinkMarkets Group consists of three (3) companies. You have a contract with Think Capital Limited that is registered in Bermuda, Company number: 51879. Registered address: Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda. You are not contracted with TF Global Markets (UK) Limited hence you cannot complain to the FCA. During the application process you agreed to terms and conditions of Think Capital Limited. All your deposits and withdrawals were processed through Think Capital Limited as well.

So the dirty trick is they have a branch in UK that is regulated by FCA that they use to mislead their potential clients, then when you open an account with them, they open the account under some dubious off shore company that you will not be able to legally pursue.

I,ve Been with Think Forex for just a little over a month. I’m not impressed 1st of all what kind of a Broker will not let you execute an close of 1/2 position on the MT4? and they said if you want to do that we have to move you over to our cTrader platform, alright so I whiched over surprisingly platform freeze constantly slippage on quotes plus commission not very nice. Customer services and bunch of donkie’s that can even answer my question of them been a white label broker or stall and repeat the same answer over and over again. Not very professional guy’s, get your crap together!!

So I had enough and will be moving another broker.

the case has been resolved with think forex, and in this occasion i want to thank all readers and earnforex of being helpful.

I want my old review to be removed from here if possible

Very happy with Think Forex as broker. Good service and spreads. Good work from this broker.

Been with Think since about February and never had a real complaint but for the first month or so they were just ok and I shared my trading with IC and AxiTrader. Things changed in April. Servers have got better, faster and execution is impeccable. My account manager is friendly, like anyone else I speak to there. I’ve moved all my trading to them now. I just wish they had PayPal to make my deposits a bit easier for me.

As you can see, the dark criminals at STINKForex continue to lie and cover-up – or try to – their many crimes.

They have refused to respond to the Terms – both the original and the final Terms and try to have me repeat their crimes again and again, ad nauseum. No. We shall not.

STINKForex is an outfit of criminals, liars, thieves and saboteurs. No one can trust this lot with anything. God damn them all. (As a result of their crimes against me, I still have not located a broker. They were the first and only one I have had to date. The trauma they caused this soul is still ongoing, as they add many insults to the injury they caused.)

For your own sake – and that of others – stay far away from them and warn as many as you can.

Thank you for your email.

Please be assured that ThinkForex is a Non-Dealing-Desk broker and does not trade against its clients. There has not been any form of malicious intent in how your trades have been processed.

We have tried to contact you numerous times over email and telephone, but you have refused to speak with our representatives or schedule a time with us to call. You have also refused to follow our review process instructions which we have emailed to you.

We cannot investigate your reported issues until you provide us with the correct details through our review process, which has been emailed to you.

Please contact us at +61 2903 70158 or email us at [email protected] so that we can resolve this matter with you.

I am a brand new client of ThinkForex.com My Live Account number is: XXXXXX.

I know virtually nothing about Forex other than through a few robots (EAs) and installing them on Demo accounts and watching their performance. I have no other experience than this in the world of Forex.

When I signed up (January, 2020) for a Live Account with ThinkForex.com they asked for information on one’s trading experience and I selected “No Experience” in the form. They knew I had no experience from the outset.

When I realized that I also qualified for a Pro Account I applied for same and also asked for leverage to be increased to 1:500. Both requests were confirmed with proofs.

ThinkForex.com Sabotaged My Account

After I allowed a bot to run and lose over 20% of my account overnight, I was surprised as this robot had a good track record in recent days. I eventually turned it off and tried my hand at manual trading on my new Live Account. Within a very short time, I became quite successful at making trades on my own. So successful, it appears, that some envious souls in the “Compliance Department” decided to – without notice, warning or reason – shut me down in the middle of trading and open trades, etc.

They sabotaged my account.

As I was making successful trades, all of a sudden, I couldn’t place orders. I tried again and again: nothing. Nothing I did allowed me to continue as I was.

Was it a glitch on my end? Bad connection? I couldn’t determine for sure.

I eventually had to phone their head office in the middle of the night (my time) and spoke to Neha, a supposed “Account Manager”, and told her what had happened and asked if she knew what was wrong: why couldn’t I trade any longer?? She then informed me that my leverage was changed to 1:100!! That’s right: unnamed conspirators (she refused/refuses to name them or let me speak to them, despite asking for same many times) in this so-called “Compliance Department” had devised to, and did in fact, attack me without warning or reason.

No email was ever sent to state what and/or why they had done this evil to me.

I was floored. Shocked. Traumatized. (But this was just the beginning of more wickedness against me.)

I thought, “How can this happen? This is what an enemy would do; not what one’s own brand new & first ever Forex broker – who you are paying through commissions – is supposed to even think of doing!!” (My trading netted them

3,000 GBP in commissions in a few hours!!)

They certainly wouldn’t want someone to do this to them were situations reversed!! (Neha originally verbally agreed with this statement.)

Neha then said to email her the confirmation that was sent to me. “That would help,” she said.

I shouldn’t have had to do anything. THEY were and are in the wrong and they knew it and they know it. However, I sent the email as further proof. I told her to change it back to the way it was immediately.

She then sent her only response by email telling me to be “patient and understanding”. What a sick joke.

She also said that she would reply with a further email.

She never sent another email.

I didn’t try to make any other trades after the new leverage limited my ability to trade as before. Two trades were left open. Had the leverage been changed back to the original, there would have been no problem. However, as I found out the next morning, about 10,000 GBP was missing from my account balance and no trades were open!!

Once again, I am further traumatized by this broker’s actions!! What is going on?? They are now stealing from my account!! I could hardly believe it!!

I was forced to phone Neha again!! She then tried to wiggle out of her and her conspirator’s wrongs, to no avail. I had told her correct their malicious changes and confirmed with her the same in writing by email. She then tells me that the system “automatically” closed out the losing trades because of margin.

They had refused to change the leverage back to the original!! Now she/they try to blame me for their sabotage and trauma!! This was too much to bear.

I then sent them Terms of Settlement which were as follows below. (Please note that since they were wholly refused, out of hand and without even a written reply, new Terms are being drawn up presently. More trauma, more STUBBORNESS and FALSE ACCUSATIONS on their part mean more restitution that they are liable for.)

Original Terms of Settlement (For Traumas & Losses They Are Liable For)

This is the email that I sent to Neha.

No, I shall not ‘understand’ wickedness on the part of people who are being paid to be ethical.

Not only did they curse me by attacking me and my account without warning or reason, they – your company – are not doing what they would wish done to them aka The Golden Rule. I think I know why too.

Further, they have not only not repented of their original attacks, they have continued their assaults and crimes against me and my brand new account, once again without warning or reason.

Neha, you did not follow up with an email regarding these matters as you said you would. and things have now become nightmarish as you know.

I have seen what happens to companies – and people who enable them – who do these sorts of things to innocent people, and it’s not pretty, to say the least.

Here are the terms of peace:

The parties responsible for these continuing attacks on my account and soul shall be named.

The named parties shall repent for these attacks in writing, signing and printing their names unless and except they are all fired. If that is the case, their names shall be given and positions held within

ThinkForex as well as the one(s) who fired them. This is part of the record.

The account shall be returned to its original state as per the original confirming email and leverage ratio and amounts therein.

All trades closed by the guilty parties today – once again, without warning/reason – are to be reopened.

As restitution for these ongoing attacks, all commissions shall be refunded and – if I trade through your brokerage in the future – all future commissions shall be 3 units per lot (not 6 as is currently charged).

If all of these terms are met, I will release all compliant parties from further actions.

From: ThinkForex Support

Sent: Thursday, January 24, 2020 6:36 AM

Subject: [#BDY-248-76355]: Leverage should be 500:1

Thank you for your email. This is to confirm that your request has been received and our compliance team is looking into it. I will get back to you as soon as I get more information in this regard. Thank you for your patience and understanding

In a follow up phone call, Neha refused – on behalf of the Company – to make any repentance, restitution or even reply to this email.

To add insult to the injuries they continue to cause, she then FALSELY ACCUSED us of “knowing” of the leverage change and blaming us for the injuries they wickedly caused and still defend!! Defending the indefensible.

I tried to reach Neha a few more times by phone, but she repeatedly refused to answer: she knew she was guilty.

The following account is how I feel – in spirit – ThinkForex has done me in.

Imagine that you have an agreement in place with an Outfit and you are new to the whole business. Now imagine that Outfit, after you are conducting business as agreed, conspiring to sabotage your business and crush you, all while you are thinking they are out to help you “win”.

See yourself walking by a dark alley, not knowing that the Outfit’s Conspirators and Bullies are about to attack you. Without warning, you are struck on the head from behind by unknown assailants. You severely injured & traumatized as you fall to the ground. You then struggle to see just who has done this to you.

To your shock and horror, it is the very same Outfit that you are paying and have the Agreement with!! As you continue to try and recover and find out why they have done this, they then – all together – start stomping on your head and laughing!!

To make matters worse, they then tell you: “It’s all your fault!!”

This scenario is exactly how I feel ThinkForex.com – through its wicked agents – has treated, and continues to treat, me, their client and their victim.

Needless to say, one cannot feel safe with, nor can they trust, such wicked people.

It is clear now that I should not have accepted – without due diligence and fact checking, comparing, etc. – the very high and Number One recommendation of the software maker for the bot I used regarding ThinkForex.com. It makes me wonder if they are in bed together.

I did some extra checking on review sites for Forex traders and brokers and found out that ThinkForex meets the exact definition of a “BUCKET SHOP”, to wit:

A brokerage that takes the opposing side of all customer trades and seldom, if ever, passes orders on to the actual market. Bucket shops count on the fact that most forex traders lose money.

Since true bucket shops make money only from spread and from customers losing money, they will go to great lengths to make life difficult for customers who make money trading forex to continue to be profitable and/or to withdraw any profits.

They did exactly this to me.

Since the original Terms of Settlement (Out of Court) have been rudely refused and ignored, we now offer more expensive and public Terms of Settlement, if they do not wish to be sued in court.

TERMS OF SETTLEMENT

These terms are non-negotiable because of the ongoing and severe trauma and losses ThinkForex and its conspirators have caused and continue to cause.

1. The guilty parties – inclusive of Neha, for LYING & FALSELY ACCUSING us – shall be publicly named & shamed on ThinkForex.com’s website in a special Page for this purpose. Their crimes shall be known to all.

2. The guilty parties shall be fired – with written proof of same and the accompanying reasons – and Public Notice of these firings – inclusive of said reasons – shall also be posted on the same Page. Written confirmation of same shall be sent to the victim of their sabotage and attacks.

3. The sum of 33,000 GBP shall be paid to the victim as restitution for these wicked actions against him.

4. The victim shall – if he so wishes – trade commission-free in perpetuity using ThinkForex.com and its services. No fees shall be charged to the victim for any of ThinkForex’s services.

If these Terms are met and agreed to in writing – in full – within five (5) business days, no further actions shall be taken against ThinkForex and its principals, agents, and/or employees. ThinkForex will then be released from all guilt and liability concerning these matters detailed herein.

Conversely, if these Terms are not met within the stated time limit, more expensive actions shall commence against you, your Company and the guilty parties, personally and severally.

To quote the wise king Solomon:

Because sentence against an evil work is not executed speedily, therefore the heart of the sons of men is fully set in them to do evil. – Ecclesiastes 8:11

In Truth and to the Glory of God,

PS They now cite the bonus “Terms” are breached since I withdrew as much of my left-over account funds because I didn’t leave the deposit in for 60 days. Yeah, sure: they can break all contracts and injure, traumatize, lie and steal. with impunity, so they think. They have another thing coming indeed!!

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