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Trade Interceptor is the only trading platform which was created from the ground-up for mobile. It has top rankings on the app stores worldwide, thousands of 5 star reviews, and was awarded Best Mobile Platform by the forex industry.
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Trade Interceptor is the only trading platform which was...
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Apr 20, 2020 · In this Forex trading vlog, I do a review of Trade Interceptor (renamed ThinkTrader). It's a free backtesting software that can be used across multiple plat...
- 22 min
- 28.3K
- Etienne Crete - Desire To TRADE
- In our ThinkTrader review, we show why this forex trading app is among the most popular available.
- ThinkTrader: What does it offer?
- ThinkTrader: Opening an account
- ThinkTrader: Account Types
- ThinkTrader: Features
- ThinkTrader: Support
- ThinkTrader: Final verdict
- ThinkTrader: The competition
Reviews
By Daniel Blechynden
last updated 14 July 2020
(Image: © ThinkMarkets)
Since ThinkTrader took over Trade Interceptor, it has added a range of additional features, with the goal of becoming the leading mobile trading platform. It’s available on both Android and iOS devices, and in general, is suitable for everyone from complete beginners to seasoned traders.
In addition, ThinkTrader offers trading in a range of areas, including forex, precious metals, indices, cryptocurrency, shares, commodities, and CFDs. Clients from over 180 countries are accepted (notable exceptions are the USA, Japan, and Iran), and the apps are available in all regions except the USA and Japan.
Opening a new ThinkTrader account is straightforward and shouldn’t take more than five to ten minutes. You will have to provide a significant amount of personal information, including your name, date of birth, nationality, and address. Following this, you will be asked to work through a short questionnaire about your trading knowledge and experience.
On top of this, you will need to select what trading platform, currency, and leverage you want to use. Available platforms include Meta Trader 4 and 5, as well as the native ThinkInvest and ThinkTrader interfaces. Choose from eight base currency options and leverage up to 500:1.
There are six different ThinkTrader account types. For starters, a neat Demo account is available for you to test trading strategies and become familiar with the platform before risking real money. Standard and ThinkZero accounts are both great for getting started and come with slightly different fee structures and forex spreads.
In addition, Islamic clients can apply for an Islamic account that complies with Sharia law. Two or more individuals can apply for a Joint account if they want to, and experienced traders can take advantage of exclusive benefits and advanced leverage by requesting a ThinkMarkets Pro account.
As one of the world’s best mobile trading apps, ThinkTrader is naturally backed by an impressive range of advanced features. For starters, the entire trading experience is streamlined and beginner friendly. But, this ease of use doesn’t come at the cost of advanced capabilities.
For example, users will be able to access a suite of technical analysis tools. Live charts are available for most forex pairs, precious metals, popular cryptocurrencies, and over 1000 stocks, among others. You can select from ten chart types, including bar, broken line, and Japanese candlestick. All charts can be zoomed, scrolled, and overlaid with any of 100 technical indicators and/or 40 analytical objects.
On top of this, the ThinkTrader app supports cloud-based alerts, which means you will receive notifications even when it isn’t running. In-app deposits and withdrawals are also available once your account is approved, and you can keep up to date with the latest financial news through the built-in news portal.
Another noteworthy tool is the one-click order option. This enables you to access near-instant order processing rather than wasting time confirming orders. Multiple positions can also be closed with one click. And finally, the Trend-Risk Scanner is a powerful native tool that provides information about recommended trades.
ThinkTrader’s support team is knowledgeable, fast, and efficient. 24/5 live chat and email support are available worldwide, while phone support is available in selected countries (the UK and Australia, among others). We tested the live chat briefly and were connected with an agent almost immediately. They answered our questions fast and accurately,...
ThinkTrader (formerly known as Trade Interceptor) is up there with the best mobile trading apps, and for good reason. It’s a professionally designed platform that’s accessible across most of the world, and it provides a great trading experience.
The native ThinkTrader mobile app is backed by advanced features and makes trading on the go easier than ever. On top of this, the charting tools that are built into the app are truly impressive, with candlestick support and great customizability.
Mobile trading apps are becoming increasingly popular, and ThinkTrader no longer stands out as a clear industry leader. One popular alternative is Pocket Forex, which supports 24/7 trading on a wide range of markets with 50–1000 times leverage. Another major competitor is Oanda, which has the advantage of being available to US and Japanese clients.
•Check out our guide to the best forex trading apps
Daniel Blechynden
Daniel is a freelance copywriter with over six years experience writing for publications such as TechRadar, Tom’s Guide, and Hosting Review. He specializes in B2B and B2C tech and finance, with a particular focus on VoIP, website building, web hosting, and other related fields.
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Mar 2, 2011 · Trade Interceptor, a multi-broker forex Trading Platform, has released live trading capabilities on its desktop, iPad, iPhone and Android applications. This is a very interesting concept as the platform allows investors to trade with several forex brokers simultaneously, from a single interface.
Pros and Cons. Like any other trading platform, Trade Interceptor has its strengths and weaknesses. On the positive side, the platform offers advanced trading and analysis tools, supports Forex and CFD trading, and provides a user-friendly mobile experience.
Feb 8, 2012 · One, like Trade Interceptor, it allows you to add technical studies to your charts. You can add from any of the following indicators on your charts: SMA, EMA, double EMA, weighted MA, momentum, ROC and RSI.
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