Thunder Markets Review – Is This Broker a Good Choice For You?
Thunder Markets Ltd, the owner of Thunder Markets, is registered and incorporated under the laws of Seychelles. The company holds a license number SD067. However, can you really trust an offshore broker? Let’s take a look at this Thunder Markets review to fully investigate this broker.
|Broker status:||Regulated Broker|
|Regulated by:||FSA Seychelles|
|Owned by:||Thunder Markets Ltd|
|Types of Assets:||Currencies, Indices, Metals, Energies, Softs, Stocks, Bonds|
|Free Demo Account:||Yes|
|Accepts US clients:||No|
Is Thunder Markets a Regulated Broker With a License?
This firm is an FX and CFD broker. They hold a license from the local Financial Services Authority (FSA) in Seychelles. It is clear that the Seychelles license provides some level of regulation. However, bear in mind that it is less stringent than licenses from other jurisdictions. A $50,000 minimum capital need is lower than in other countries. This deposited capital broker can use for other financial operations.
Thunder Markets is a new broker and its offshore jurisdiction is known for weaker regulations. Potential risks may exist for sure.
This company is an offshore online firm that offers many trading instruments. The firm holds a license under the laws of Seychelles. Yet, its offshore operation makes one wonder about its reliability.
Thunder Markets offer competitive trading conditions and a wide range of assets. It may be a good choice for those who are comfortable with the risks.
Yet, Thunder Markets was not found in the FCA (Financial Conduct Authority), ASIC, or BaFin databases. Under a Tier 3 license, this is an offshore company.
The Opinions of Traders
We know that Thunder Markets offers FX and CFD traders a broad range of advanced trading solutions.
They are indeed very popular among traders. The total number of TrustPilot reviews at the time of writing is 73. The score is 4,8 or 92% positive reviews.
Trading Platform and Other Apps on Thunder Markets
Thunder Markets boasts a functional trading platform that supports MT4. MetaTrader 4 is one of the most renowned trading software available today, along with the MT5.
MT4 offers many amazing trading features, including EAs and social trading. The broker accepts all strategies, along with hedging and scalping, without penalizing traders.
MT4 also supports one-click trading, customizable interfaces, and real-time market prices. With millions of users, MT4 is the preferred software for over 50% of retail traders.
MT4 offers a dedicated mobile app for both iOS and Android, which is a significant advantage. However, as of September 2022, Apple has banned the MT4 app from its App Store, making it available only for Android users to download and receive updates.
What Financial Instruments Does the Platform Include?
To start, it’s important to note that Thunder Markets does not offer crypto trading. If you’re interested in trading digital currencies, you will need to look for another broker. However, if you want to trade with Thunder Markets, here are the available options:
- Forex pairs – EUR/USD, GBP/AUD, SEK/ZAR
- Commodities – gold, crude oil, natural gas
- Indices – AU200, FTSE100, CAC40
- Shares – Amazon, Netflix, Google
- Futures – LCC, CC, USCORN
- Bonds – TY10, EURIB, FGBL
You can access over 250 trading instruments with Thunder Markets.
Thunder Markets – Countries Of Service
According to our research, Thunder Markets mainly operates in:
These are all EEA zone lands. But this particular broker has no lawful authority to provide services there. This raises some concerns. If the broker is not registered in your area, you cannot seek help from the financial authority. You also cannot receive payment from a compensation fund.
Thunder Markets – Account Types
This broker offers two basic account types. They are as follows:
- Classic – $500
- Thunder – $1,000
The only difference is the spread for accounts without a commission.
Demo Account Option
The company also offers a demo account, which provides a risk-free environment with $50,000 of virtual funds. Nonetheless, it appears that you must invest at least $1,000 to qualify for this account.
If you are unwilling to do so or prefer to have only a Classic account, you will not have access to the risk-free demo account. Still, this seems bizarre. The purpose of a demo account is to allow individuals to practice trading without making any investments.
Terms of Service
When it comes to investing, reading the broker’s terms and conditions may seem like a tedious task, but it is essential for your experience. It helps you prevent any surprises or unexpected charges.
Also, it ensures that your personal and financial information is protected. By reading the broker’s terms and conditions, you can make informed decisions.
Leverage, Spreads, and Fees
The broker offers only two account types, requiring a minimum deposit of $500, which is higher than many other brokers.
The maximum leverage available is 1:400, which can be risky for inexperienced traders. The spreads on the MT4 terminal are below average, with 1 pip on EURUSD.
Does Thunder Markets Offer Security?
This company is a licensed broker. However, its offshore operation poses some security concerns.
The offshore location may not have the same regulatory framework and oversight as major financial centers. So, this potentially exposes investors to higher risks.
Thunder Markets – Bonus Policy
Upon review, the company does not appear to offer any bonuses for its customers. There is no mention of specific promotional offers on their website.
While some brokers use incentives to attract clients, this company seems to focus solely on providing a quality trading experience. This may appeal to investors who prioritize transparency over flashy incentives.
How to Address Any Problems with Thunder Markets?
If you have had any issues with this broker, feel free to share your story with us.
We take all reports very seriously and promise to investigate them thoroughly. Contact us immediately, and we’ll work together to find a resolution. Bear this in mind.
What Is Thunder Markets?
Thunder Markets is an online broker that offers trading FX, stocks, and more.
Is Thunder Markets a Regulated Broker?
Yes, Thunder Markets is a licensed broker, but its offshore operation raises some concerns.
Is Thunder Markets Available in the United States or the UK?
No, this company is not available in the United States or the UK due to regulatory restrictions.
Does Thunder Markets Offer a Demo Account?
Yes, Thunder Markets provides a demo account for people to test out their software.