Overview Of Thunder Markets
Thunder Markets Is A Seychelles-based Forex And CFD Broker Established In 2022. The Company Is Regulated By The Seychelles Financial Services Authority (FSA). Thunder Markets Offers A Variety Of Trading Accounts, Including Classic, Thunder, And Demo. The Minimum Deposit Amount For Classic Accounts Is $500, And Thunder Accounts Is $1,000. Demo Accounts Are A Risk-free Way To Practice Trading With Virtual Funds.
Pros And Cons
Pros
Regulated Forex And CFD Brokers: Thunder Markets Is Regulated By The Seychelles Financial Services Authority (FSA), A Reputable Regulator That Ensures Brokers Adhere To Strict Financial And Operational Standards. This Regulation Provides Traders With A Degree Of Safety And Security.
Rich Selection Of Trading Accounts And Instruments: Thunder Markets Offers A Wide Range Of Trading Accounts, Including Classic, Thunder And Demo Accounts, To Suit Different Trading Styles And Preferences. Classic Accounts Offer Competitive Spreads And A Wide Range Of Tradable Assets, While Thunder Accounts Offer Tighter Spreads And Additional Benefits. In Addition, Thunder Markets Offers The Popular And Powerful MetaTrader 4 (MT4) Trading Platform, Known For Its User-friendly Interface And Powerful Features.
Competitive Spreads: Thunder Markets Offers Competitive Spreads On A Wide Range Of Instruments Including Forex, Indices, Stocks, Precious Metals, Commodities, Bonds And Futures. Spreads Start At 0.0 Pips For Forex And 0.8 Pips For Indices, Which Can Reduce Trading Costs And Improve Profitability.
Free Demo Account: Thunder Markets Offers A Free Demo Account Worth $50,000. This Allows Traders To Practice Trading And Test Strategies Without Risking Real Capital, Making It An Invaluable Tool For Both Beginners And Experienced Traders.
Disadvantages
New Broker With Relatively Limited Experience: Thunder Markets Is A Relatively New Broker, Established In 2022. While This Does Not Necessarily Mean That The Broker Is Unreliable, It Has Less Experience Compared To Some Established Brokers.
Limited Choice Of Trading Platforms: Thunder Markets Currently Only Offers The MetaTrader 4 (MT4) Trading Platform. While MT4 Is A Popular And Versatile Platform, Some Traders May Prefer To Use Other Platforms Or More Advanced Charting Tools.
The Choice Of Tradable Assets Is Limited Compared To Some Other Brokers: Thunder Markets Offers Over 400 Contracts For Difference (CFDs) On Various Instruments, But This Choice Is Less Than What Some Other Brokers Offer. Traders Who Need A Wider Range Of Tradable Assets May Want To Consider Other Options.
High Leverage Can Be Risky For Less Experienced Traders: Thunder Markets Offers Leverage Of Up To 400:1, Which Can Amplify Potential Gains, But May Also Amplify Losses. High Leverage May Not Be Suitable For Less Experienced Traders Or Those With A Risk-averse Trading Style.
Regulatory Status
Thunder Markets Is A Securities Broker Regulated By The Seychelles Financial Services Authority (FSA) Under License Number SD067. The FSA Is The Main Financial Services Regulator In Seychelles And Is Responsible For Overseeing The Activities Of Financial Institution Groups Such As Banks, Brokers And Investment Funds.
As A Regulated Broker, Thunder Markets Is Required To Adhere To Strict Regulatory Standards And Procedures. These Standards Are Designed To Protect The Interests Of Investors And Ensure That Brokers Operate In A Fair And Transparent Manner.
Market Instruments
Thunder Markets Offers A Variety Of Products To Traders Of All Levels. The Following Is A Specific Description Of Each Product Based On The Information Provided:
Online Forex Trading: The Forex Market Is The Largest Financial Marekt In The World, With An Estimated Average Daily Trading Volume Of $7 Trillion. Forex Trading Involves Buying And Selling Currency Pairs. For Example, You Can Buy Euros And Sell Dollars, Or Buy Yen And Sell Pounds.
Cash And Futures Index Trading: Stock Indices Consist Of Stocks In A Particular Country Or Industry And Are Usually Weighted In The Index According To Market Capitalization. Due To The Dispersion Across Multiple Stocks, The Individual Risk Of The Index Is Lower Compared To Individual Stocks.
Trading Stocks Online: Thunder Markets Offers Access To The Largest And Most Popular US, European And Asian (Hong Kong) Stocks In The World. You Can Buy And Sell Shares In These Companies And Expect The Share Price To Rise.
Precious Metals: Thunder Markets Offers Trading In Base Metals Such As Gold, Silver, Palladium, Platinum And Copper.
Futures Trading In Contracts For Difference: Thunder Markets Offers Futures Contracts For Difference (CFDs) Based On Futures Contracts, Which Are Traded On The Chicago Mercantile Exchange (CME) For Example. A Futures Contract Is An Agreement To Buy Or Sell An Asset At A Predetermined Price On A Future Date. With Futures CFDs, You Do Not Have To Actually Deliver The Underlying Asset.
Trading Oil And Gas Online: The Thunder Markets Trading Platform Gives You Access To The Most Important Oil And Gas Markets, Such As The US Crude Oil Variety WTI Or The North Sea Crude Oil Variety Brent. You Can Buy And Sell These Contracts And Expect Oil Or Gas Prices To Rise Or Fall.
Trading In CFD Bonds: Thunder Markets Offers The Possibility To Trade European And US Government Bonds, Which Have Different Maturity Dates. Bonds Are Loans That You Make To The Government Or A Company. When You Buy Bonds, You Are Essentially Borrowing Money From The Bond Issuer. The Bond Issuer Pays The Interest On Your Loan Over Time And Repays The Principal Of The Loan On The Maturity Date.
Account Types
Thunder Markets Offers Two Account Types For Retail Traders: Classic Account And Thunder Account. Both Accounts Can Be Traded Using Four Currencies: EUR, USD, CHF And AUD.
Classic Account: Classic Account Is An Excellent Choice For Both Beginners And Experienced Traders. The Minimum Initial Investment Is $500 And The Forex Commission Is $8 Per Side. EURUSD Spreads Start From 2.0 Pips And Index Spreads Start From 0.8 Pips. Traders Can Also Use 27 Gadgets For 3 Months.
Thunder Account: Thunder Account Is Designed For Experienced Traders Who Demand The Best Trading Conditions. The Minimum Initial Investment Is 1000 Dollars And The Forex Commission Is 3 Dollars Per Side. EURUSD Spreads Start From 0.7 Pips And Index Spreads Start From 0.6 Pips. Traders Also Have Unlimited Access To 27 Widgets.
Spreads
Thunder Markets Offers A Wide Range Of Tools With Tight, Reliable And Transparent Spreads. Spreads Start From 0.0 Pips For Forex And 0.8 Pips For Indices. Spreads For Other Instruments Vary Depending On The Instrument And Market Conditions.
Commission
Thunder Markets Charges Commissions For Forex Trading. The Forex Commission For A Classic Account Is $8 Per Side And The Forex Commission For A Thunder Account Is $3 Per Side.
Leverage
The Maximum Leverage Ratio For A Thunder Markets Account Is 400:1. This Means That Traders Can Control Up To $400 Worth Of Assets In Their Account For Every $1 Deposited. Leverage Can Be A Powerful Tool For Traders, But It Also Comes With Increased Risk. Traders Should Only Use The Leverage They Can Afford And Should Be Aware Of The Potential Risks.
Trading Platform
Thunder Markets Offers The MetaTrader 4 (MT4) Trading Platform, A Popular And Versatile Platform Loved By Millions Of Traders Worldwide. MT4 Is Known For Its User-friendly Interface, Powerful Charting Tools And Rich Features.
Features Of Thunder Markets' MT4 Trading Platform
- Trading Opportunities For More Than 400 CFDs: Traders Can Trade On More Than 400 CFDs Such As Forex, Indices, Stocks, Precious Metals, Commodities, Bonds And Futures.
- One-Click Trading: Traders Can Place Orders With One Click Of The Mouse.
- Trading History: Traders Can View Their Trading History, Including The Time, Price, And Quantity Of Each Trade.
- Allows Algorithmic Trading: Traders Can Use Automated Trading Strategies, Also Known As Algorithmic Trading Or Bots, To Execute Trades.
- Four Types Of Pending Orders: Traders Can Place Four Types Of Pending Orders: Buy Limit Orders, Sell Limit Orders, Buy Stop Orders, And Sell Stop Orders.
- Three Order Execution Options: Traders Can Choose From Three Order Execution Options: Instant Execution, Market Execution, And Pending Orders.
- Web, Desktop, And Mobile Trading: Traders Can Access The MT4 Platform Via A Total Page Browser, Desktop Computer, Or Mobile Device.
Overall, The Thunder Markets MT4 Trading Platform Is A Powerful And Versatile Platform, Ideal For Traders Of All Experience Levels.
Deposits And Withdrawals
- Deposit Methods
Credit/Debit Cards: The Following Credit/debit Cards Can Be Used For Deposits: Visa, Mastercard, Maestro, And UnionPay. There Is No Charge For Deposits With Credit/debit Cards.
E-Wallets: The Following E-wallets Can Be Used For Deposits: Skrill, Neteller, Sofort, And PerfectMoney. There Is A Fee For Making Deposits Using E-wallets. The Fees Are As Follows: Skrill: 1%, Neteller: 1%, Sofort: 2.5%, PerfectMoney: 2.5%.
Bank Transfers: Bank Transfers Are Also Available For Deposits. The Following Types Of Bank Transfers Are Accepted: Telegraphic Transfer And Local Bank Transfer. A Processing Fee Will Be Charged For Making Deposits Using Telegraphic Transfer. The Processing Fee Is As Follows: Telegraphic Transfer: Incoming: 0.5%, Outgoing: $20. There Is No Fee For Making Deposits Using Local Bank Transfer.
- How To Withdraw Money
Credit/Debit Card: The Following Credit/debit Cards Can Be Used For Withdrawals: Visa, Mastercard, Maestro And UnionPay. There Is No Charge For Withdrawing Funds Using Credit/debit Cards.
E-Wallets: The Following E-wallets Can Be Used For Withdrawals: Skrill And Neteller. There Is A Fee For Withdrawing Money Using E-wallets. The Fees Are As Follows: Skrill: 1%, Neteller: 1%.
Bank Transfer: Bank Transfers Can Also Be Used For Withdrawals. The Following Types Of Bank Transfers Are Accepted: Telegraphic Transfer And Local Bank Transfer. There Is A Processing Fee For Withdrawing Money Using Telegraphic Transfer. Fees Are As Follows: Telegraphic Transfer: Free On Arrival, $20 Off Arrival. There Are No Fees For Withdrawals Using Local Bank Transfers.
- Minimum Deposit And Withdrawal Amount
Credit/debit Card: $50
E-wallet: $50
Bank Transfer: Telegraphic Transfer: $500, Local Bank Transfer: $50
- Processing Time
Credit/debit Card: Instant
E-wallet: Instant
Bank Transfer: Telegraphic Transfer: 2-5 Business Days, Local Bank Transfer: 1-2 Business Days
Customer Support
Thunder Markets Excels In Customer Support, Serving Clients Across The Globe. They Offer Multilingual Support, Ensuring Seamless Access To Their Services For A Wide Range Of Clients. Their Support Team Is Available 24 Hours A Day, 5 Days A Week, From 06:00 To 18:00 GMT + 4. This Comprehensive Time Coverage Ensures That Clients Are Able To Resolve Issues Or Enquiries In A Timely Manner. You Can Reach Them By Calling Their Support Hotline At + 44 2032393135.
Additionally, Clients Can Also Reach Out To Them Via Email Support@thundermarkets.com For Non-urgent Issues Or Inquiries. Their Goal Is To Provide Timely And Helpful Solutions To Meet Clients' Needs And Preferences.
