iqofgenius Posted August 4, 2010 Report Share Posted August 4, 2010 I have been looking at Thinkforex and would like to know if anyone has experience with them. They have great spreads and you can place super tight stops and take profit levels Great execution too. Only problem I can see is they are not regulated and are out of the BWI. Someone rumored them to be a former institutional only broker. Any comments appreciated. Quote Link to comment Share on other sites More sharing options...
Kristopher05 Posted August 20, 2010 Report Share Posted August 20, 2010 Group of brokers and traders developed and founded ThinkForex, who planned for perfect environment for their automated trading systems. No matter if you are professional or beginner they will assist all types of traders. Quote Link to comment Share on other sites More sharing options...
PIPHORE Posted September 22, 2010 Report Share Posted September 22, 2010 Think forex anyone has experience with this broker please kindly share.... good or bad Quote Link to comment Share on other sites More sharing options...
jamestan1978 Posted October 12, 2010 Report Share Posted October 12, 2010 the currency pairs offered is too little.. Quote Link to comment Share on other sites More sharing options...
maven1713006117 Posted October 12, 2010 Report Share Posted October 12, 2010 They also give you a free VPS on a live funded account without any usage requirements. My main concern is the lack of regulation. Quote Link to comment Share on other sites More sharing options...
radicaltour Posted October 12, 2010 Report Share Posted October 12, 2010 i just opened an account with them, so we'll find out soon how good they are in Live environment... Quote Link to comment Share on other sites More sharing options...
Guest strmec Posted October 12, 2010 Report Share Posted October 12, 2010 I have live account with them and I'm satisfied with all except VPS. I cancel it because it's worst VPS what I seen. Quote Link to comment Share on other sites More sharing options...
dbg Posted October 12, 2010 Report Share Posted October 12, 2010 Let us know how well they do there withdrawals and deposits please....as the trading system/platform might be fine but once you have won and accrued a decent profit can you withdraw it as easily as you deposited it? Quote Link to comment Share on other sites More sharing options...
PIPHORE Posted October 14, 2010 Report Share Posted October 14, 2010 I've seen negative posts regarding this broker on following site http://forums.babypips.com/rate-my-broker/36165-think-forex-ltd.html Quote Link to comment Share on other sites More sharing options...
staw Posted October 14, 2010 Report Share Posted October 14, 2010 Haha-I contacted their support yesterday. My only questions were: 1. Why don't they offer 'level 2'?(The answer that I got is that MT4 doesn't support 'level 2'. And that is not an excuse). 2. And why do they chose to make a markup on spread instead of implementation of commision?(I didn't get any comprehensible answer either). Plus they are not regulated.... Draw Your Own Conclusions! Quote Link to comment Share on other sites More sharing options...
harry007 Posted October 15, 2010 Report Share Posted October 15, 2010 I have live account with them and I'm satisfied with all except VPS. I cancel it because it's worst VPS what I seen. please can you a little tell ,what the problem at the VPS? cheers Quote Link to comment Share on other sites More sharing options...
scarface Posted October 15, 2010 Report Share Posted October 15, 2010 Hi All, Good day, I can say that the this broker is the same as Divisa Capital that offer ECN, but no 100% sure yet. The reason why I believe so is that their both servers for MT4 is the same on Real and Demo, which imply they are the same :) my recommendation is to stay away from this broker. I hope this helps. Best wishes, SF Quote Link to comment Share on other sites More sharing options...
PIPHORE Posted October 15, 2010 Report Share Posted October 15, 2010 Haha-I contacted their support yesterday. My only questions were: 1. Why don't they offer 'level 2'?(The answer that I got is that MT4 doesn't support 'level 2'. And that is not an excuse). 2. And why do they chose to make a markup on spread instead of implementation of commision?(I didn't get any comprehensible answer either). Plus they are not regulated.... Draw Your Own Conclusions! can you explain what is level 2 of ecn? is there level 1? Quote Link to comment Share on other sites More sharing options...
staw Posted October 15, 2010 Report Share Posted October 15, 2010 (edited) can you explain what is level 2 of ecn? is there level 1? "Level 1" is a "best" price available - it is the current bid/offer price what you see. "Level 2" is an orderbook, where you can see more than just current price - you can see volume on different price levels... Here you can see level 1(only best price): http://img193.imageshack.us/img193/4782/level1h.jpg  Here is with level 2(prices and volume in mill on the side of the price): http://img99.imageshack.us/img99/2120/level2a.jpg Edited October 15, 2010 by staw PIPHORE 1 Quote Link to comment Share on other sites More sharing options...
PoundTrader Posted October 20, 2010 Report Share Posted October 20, 2010 ThinkForex I have not had any issues with them so far. I got my account setup a month ago and the Ea is running like a king. I'm not sure if I can attach file for my statement here but I got the NoNameBot and found out about them through there.  Will keep everyone updated on developments with them but nothing to complain so far. Also take look at this link I found http://www.prweb.com/releases/2010/10/prweb4659104.htm Cheers Folks, Look forward to getting active on this community "Level 1" is a "best" price available - it is the current bid/offer price what you see. "Level 2" is an orderbook, where you can see more than just current price - you can see volume on different price levels... Here you can see level 1(only best price): http://img193.imageshack.us/img193/4782/level1h.jpg  Here is with level 2(prices and volume in mill on the side of the price): http://img99.imageshack.us/img99/2120/level2a.jpg Quote Link to comment Share on other sites More sharing options...
PIPHORE Posted October 27, 2010 Report Share Posted October 27, 2010 anybody has experience withdrawing money from this broker? how long withdrawal normally takes? Quote Link to comment Share on other sites More sharing options...
iqofgenius Posted October 27, 2010 Author Report Share Posted October 27, 2010 Since they are tied in with the Currenex platform, why not just open an account with Currenex Quote Link to comment Share on other sites More sharing options...
PoundTrader Posted October 28, 2010 Report Share Posted October 28, 2010 Made my first withdrawal $600 from this week eur/usd shorts. So far so good, got a notification from Accounting that money is on its way. Will keep everyone updated. Â Â Execution is much better on this broker , its not just Currenex , Currenex is a liquidity provider they use several but Currenex is their main one. I was on chat with them for 30 minutes. If you want the transcript PM me. Quote Link to comment Share on other sites More sharing options...
PoundTrader Posted November 1, 2010 Report Share Posted November 1, 2010 Withdrawal Received Just wanted to update you all that I did get my first withdrawal from them for $600 , everything looks good to me. PIPHORE 1 Quote Link to comment Share on other sites More sharing options...
kerozin Posted November 12, 2010 Report Share Posted November 12, 2010 I have Live Account with them and good Experience so far in everything! Quote Link to comment Share on other sites More sharing options...
iqofgenius Posted November 12, 2010 Author Report Share Posted November 12, 2010 They are no longer accepting any new accounts from the United States. Quote Link to comment Share on other sites More sharing options...
FrankM Posted November 22, 2010 Report Share Posted November 22, 2010 Has anybody tried the FREE VPS with them? if so, is it any good. I heard it was crap.. still like to find out for others. Cheers Guys Quote Link to comment Share on other sites More sharing options...
PoundTrader Posted November 23, 2010 Report Share Posted November 23, 2010 VPS is pretty nice actually, it a 1 gig dedicated windows server . Its not a vps for novices, if you have ever used windows server then you should not have issues with it. FrankM 1 Quote Link to comment Share on other sites More sharing options...
FrankM Posted November 23, 2010 Report Share Posted November 23, 2010 Hi PoundTrader, Thanks for sharing, good to get your view... Frank Quote Link to comment Share on other sites More sharing options...
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