ThinkMarkets offers a number of useful trading tools, including Autochartist, Trading Central, a VPS service, MyfxBook Autotrade, and the Zulutrade app for social trading.
Autochartist
Autochartist is an award-winning automated technical analysis tool that works with MT4 and identifies trading opportunities across hundreds of financial instruments. Autochartist is free to all ThinkMarkets clients.
Autochartist’s advanced recognition engine identifies the strongest potential trading opportunities and predicts future price movements. Some of Autochartist’s key features are:
- Chart pattern recognition
- Fibonacci pattern recognition
- Key level analysis
- Pattern quality indication
Autochartist is one of the best technical analysis tools on the markets, and ThinkMarkets does well to offer this tool to its clients.
Trading Central
A tool that provides a technical market analysis from third-party industry experts. Trading Central’s top-notch indicators can help guide client trades through an easy-to-access platform. It is intuitive, scans the market for opportunities 24/7, and provides a comprehensive analysis and constant notification alert system.
VPS (Virtual Private Server) Hosting
Available on both MT4 and MT5, ThinkMarkets offers a free VPS service to traders who trade a minimum of 15 round turn lots on Forex in a calendar month. Services are provided by ForexVPS and Beeks VPS. Traders also get a 15% discount on Beeks VPS on opening a live account with ThinkMarkets. Traders will have to contact the service providers directly to find out about pricing.
VPS services ensure trades are never disrupted by technological or connectivity issues, such as internet service failure, which is a benefit to algorithmic traders who need to be connected to a server 24/7 to maximise uptime. Other benefits of the VPS service include:
- 24/6 VPS email support
- 24/7 Redundant power to your VPS
- 24/7 Redundant internet connectivity to your VPS
- Low latency connectivity to FP Markets trading servers for precision trading
- Uninterrupted EA trading
Zulutrade
Zulutrade, a third-party platform, is a peer-to-peer social trading application where traders can choose among thousands of registered traders from 192 countries. Traders are ranked using “ZuluRank” according to a number of different metrics, including their overall performance, stability, maturity, exposure, and minimum equity required. ZuluTrade charges a 30 USD monthly subscription. ZuluTrade customers will be charged directly by ZuluTrade via credit card, PayPal, or other. On the whole, Zulutrade is an excellent social trading platform, particularly for beginners who are new to the trading space.
Myfxbook Autotrade
Myfxbook Autotrade is one of the most popular copy trading platforms on the market. This service allows you to copy the trades of any system you select directly into your ThinkMarkets’ MetaTrader 4 account. Traders will have to contact Myfxbook directly to find out about the charges associated with using the service.
One of the benefits of using the Myfxbook Autotrade copy trading platform is its functionality. It offers multiple copy trading modes and there is no limit on the number of Strategy Providers that can be followed.