ThinkMarkets Enters Prop Trading Arena with ThinkCapital

The prop trading space is witnessing a surge in retail brokers entering the market, with ThinkMarkets being the latest to join the trend by launching its prop trading services under the brand ThinkCapital. Although an official announcement is yet to be made, the ThinkCapital website is already live, indicating the broker’s move into this competitive sector.

Australia-headquartered ThinkMarkets is now among several forex and contracts for differences (CFDs) brokers providing prop trading services. 

ThinkCapital, much like its competitors, focuses on simulated trading and educational tools rather than live market trades. Notably, Axi remains unique in offering live market trades to its funded traders, while OANDA utilizes its funded traders as signal generators to execute trades based on its internal risk management strategies.

ThinkMarkets Enters Prop Trading Arena with ThinkCapital

ThinkCapital’s services are going to be more inclusive, welcoming traders from European countries, excluding Croatia. However, consistent with most prop trading brands by brokerages, ThinkMarkets’ prop trading services are not available to traders in the United States.

ThinkMarkets has been collaborating with other prop trading brands by providing essential services such as asset class price data, admin dashboards, and CRM solutions. Additionally, it has licensed its proprietary trading platform, ThinkTrader, to prop firms and has previously offered a grey-labeled MetaTrader license. Interestingly, the broker’s current website, which outlines its offerings to prop firms, no longer mentions MetaTrader.

At present, ThinkCapital is offering prop trading services on MetaTrader 5 and plans to incorporate ThinkTrader soon. The website also reveals that the prop trading services will integrate TradingView, allowing traders to execute trades directly from TradingView charts.

With the entry of ThinkMarkets into the prop trading arena, the competition intensifies as more retail brokers explore this lucrative space. The industry’s landscape is rapidly evolving, with new offerings and technological integrations aimed at enhancing the trading experience for prop traders worldwide.

Lastly, take a look at the Best Forex Brokers.