CFDs Broker ThinkMarkets Launches Its Own Prop Trading Brand — TradingView News
The influx of retail brokers in the prop trading space continues, as ThinkMarkets becomes the latest one to launch prop trading services under the brand ThinkCapital. Although the broker has yet to announce anything officially, the prop trading brand’s website is already live.
More Brokers into Prop Trading
Australia-headquartered ThinkMarkets has become one of the many forex and contracts for differences (CFDs) brokers offering prop trading services and technically funded trading services. The trend started with Axi, OANDA, and Hantec Markets and was later joined by IC Markets, Traders Trust, and Trade.com.
As its website shows, IC Markets offers prop trading services under TC Systems FZE, a UAE-registered entity. Its services went live late last month.
Furthermore, similar to other prop trading services, ThinkCapital “only provides services of simulated trading and educational tools for traders.” Interestingly, only Axi offers live market trades to its funded traders. At the same time, OANDA considers them signal generators and executes the trades by itself on live markets based on its risk management strategies.
🎉 WE ARE LIVE!
We are thrilled to announce that as of today, June 28th, ThinkCapital is officially live!
You can now start trading in our challenges and take advantage of premium market conditions.#ThinkCapital The only prop firm to help you build your personal account. pic.twitter.com/H6DFCNHBt0
Traders from Europe Are Welcome
The services under ThinkCapital are less restrictive than those under other brands, as it allows traders from European countries, except Croatia. However, like most prop brands by brokerages, ThinkMarkets’ prop trading brand would not offer services to traders in the United States.
ThinkMarkets offered services to other prop trading brands for a while now. It offerings include price data of asset classes, an admin dashboard, and CRM. Further, it licenses its proprietary trading platform, ThinkTrader, to prop firms. Interestingly, the broker also grey-labelled its MetaTrader licence to prop firms, but now its website, which mentions its offerings to prop firms, does not mention MetaTrader.
For now, ThinkCapital is offering prop trading on MetaTrader 5, with plans to add ThinkTrader. The website also mentions that the prop trading services will integrate TradingView to enable traders to trade directly from TradingView charts.
