Thunder Markets review and test – Scam or not?

Review:	Regulation:	Demo account:	Minimum deposit:	Assets:	Spreads & commission:
(5 / 5)	FSA (Seychelles)	✔ Free	$ 500	400+ Forex, CFD, Crypto, Commodities, Indices	From 0.0 pip spread

Thunder Markets (formerly Thunder Forex) is a new and uprising forex broker with international clients. How good are the service and conditions for traders? We tested that trading platform and present you with the results in the following Thunder Markets review. Learn all about spreads, fees, deposits, and withdrawals. Should you really invest money with this broker? – Find out.

(Risk warning: Your capital can be at risk)

What is Thunder Market? – The broker presented

Thunder Markets is a new forex and CFD broker that offers more than 200 markets to trade with leverage. The company was founded in 2020 and is based in Seychelles with the address CT House, Office 8E, Providence, Mahe, Seychelles. The company registration number is 8427682-1. On the website, there is not so much information about the history and company because it is a very new trading platform.

The broker offers international clients to invest in forex, stocks, commodities, indices, and some more assets. We did detailed research about the company and also found out that this broker is using different web servers and trading-server locations. You will get a very fast execution of trades and a small latency. Generally, all strategies and trading methods are allowed with Thunder Forex. In addition, the broker accepts customers from nearly all countries except the USA. Overall, it seems like a reliable broker, but there is not so much information because it is quite new.

Facts about the company: 

Regulation and safety for clients at Thunder Markets

If you are registering with an online broker, first, you should check if the broker is regulated. There are many black sheep in this industry with fake and scam websites. We do not recommend trading with an unregulated trading platform. So, is Thunder Markets regulated or not?

Thunder Markets (Previously Thunder Forex) is regulated by the Financial Service Authority of Seychelles. It holds a Securities Dealer Licence (SDL 067). The registration number of the company is 8427682-1. The FSA of Seychelles is a reliable and secure regulation authority. Only proven companies can get a license there. If the broker is a scam, the license would be withdrawn immediately.

Furthermore, the website supports SSL encryption which can be seen if you type in the URL in our browser via HTTPS. The funds are safe with Thunder Markets. Separate European bank accounts are used to manage the client’s money. Also, the broker only offers regulated payment methods such as Skrill, credit cards, or bank wire. All in all, we can say that Thunder Markets is a secure online broker. We determined during our test with real money that it is not a scam.

Facts about the security of Thunder Markets:

• Regulated by the FSA
• SSL secure website
• Separate bank accounts
• High-security payments
• Audited by external auditors

What are the pros and cons of Thunder Markets?

In this section, we will take a look at the pros and cons of Thunder Markets after carefully testing and comparing the platform. Every broker has different unique features and advantages, but with more than ten years of trading experience, we know exactly what to look for. Below, you will find an overview of our favorite pros and cons of Thunder Markets.

How good is the usability at Thunder Markets?

The design and colors, menu settings, page loading speed, and security aspects – these are just a few aspects that influence the usability of a site. With more than 10 years of trading experience, we know exactly what matters when it comes to usability, and we take a close look at it in this section.

(Risk warning: Your capital can be at risk)

Thunder Markets trading conditions – What is the offer for clients?

Thunder Markets offers trading with CFDs (contract for difference) and forex contracts on the platform MetaTrader 4. These contracts are highly leveraged up to 1:400, but you can choose in your account settings how high the maximum lever should be. For example, you want to trade the EUR/USD with a contract size of 100.000€ (1 lot), and you use the leverage of 1:100. You will need only a margin of 1.000€ for this position.

You can trade the following assets with Thunder Market: 

• Forex (currencies)
• Cryptocurrencies
• Stocks
• Indices
• Commodities
• Metals

See the table of example spreads: 

The commission is around $3.50 per trade one lot and is depending on the traded asset. For example, there are assets with and without commissions. For more details, you have to take a look at the trading platform or brokers’ homepage. Traders can apply for a real money account with an initial minimum deposit of $500 or use the free demo account to test the broker.

Thunder Forex is a fully ECN Broker with high liquidity and big liquidity providers. The execution is very fast, and you have a fast connection. There are different trading servers around the world where the broker is hosted.

For each client, there is 24/5 support via phone and email in three different languages. Also, we did not find any hidden fees and costs. The deposit and withdrawal are free of charge. Also, there are no inactivity fees. In conclusion, we can say that the trading conditions are very good with this broker. The fees are much lower than other brokers.

Facts about the trading conditions: 

• Leverage up to 1:400
• Trade forex, CFD, cryptocurrencies, stocks, commodities, metals, and more
• Free demo account
• Minimum deposit $500
• Spreads from 0.0 pips
• Support 24/5 in different languages
• MetaTrader 4 platform

(Risk warning: Your capital can be at risk)

Test of the Thunder Forex Trading Platform

Thunder Markets offers the platform MetaTrader 4 at the moment. This software is quite popular and used by many other brokers in the finance sector. The platform is available as:

• MetaTrader 4 for desktop (download)
• MetaTrader 4 app for mobile devices
• MetaTrader 4 web for browsers

After your registration with Thunder Markets, you can apply for a MetaTrader 4 account in the customer dashboard. We recommend using your computer for trading with the MetaTrader because you will get a better overview of the charts. But the app is also comfortable and offers all the functions which you can use in the desktop version. For your advantage, you will only need one account for using the MetaTrader 4 on your desktop, web, or mobile device.

MetaTrader 4 is a universal trading platform that also supports automated trading, social trading, and a lot of different indicators. You can add tools and programs to this platform for free. At first look, you may say that MetaTrader 4 is difficult to use, but if you try it out for some days, you will understand very fast how it works. On the internet, you will find a lot of tutorials, or you ask the team of Thunder Markets if they can help you to install and use the MetaTrader 4. They even offer personal 1:1 coaching calls to help you understand the platform fast.

Custom charts and indicators are supported. You can customize the tools you want. This platform is perfect for professional technical analysis. Overall, MetaTrader 4 is one of the best platforms for online trading. Many traders use this platform daily. You will get all tools that you need for successful trading.

Advantages of MetaTrader 4:

• Available for any device
• Free indicators
• Charting tools
• Multi-charting
• Support automated trading
• Customizable tools
• Add new tools for free
• One-click trading
• Professional portfolio management

Which account types are available?

Before opening a live account, you need to make a decision about whether you go with a Classic account or a Thunder account. Those are the account types you can choose from. Below you will find an overview of the most important differences

How to trade with Thunder Markets

If you are doing your first trade, it is maybe a little bit difficult for you. So we want to explain how it works. First of all, you have to choose the asset you want to trade. Generate a trading idea for your trading position. You should make a forecast of the market movement with a target and a possible stop loss.

You can manage the risk by using a stop loss and take profit. These are automated limits that are closing your position. It is important to find the right position size depending on your trading account balance and trading strategy. One volume (1 lot) equals the amount of 100.000 units of the base currency in forex trading. For more details on the position size, you should have a look at the broker’s website.

(Risk warning: Your capital can be at risk)

In forex and CFD trading, it is possible to invest in rising (buy) and falling markets (sell).

There are different types of orders you can use: 

• Market Execution: Buy or sell directly
• Sell/Buy Limit: Buy or sell on other price levels automated (reverse trading)
• Sell/Buy Stop: Buy or sell on other price levels automated (breakout trading)

Trading is not easy, and you should have a trading strategy for opening your positions in the market. Without a plan, you will fail directly, and it is like gambling in a casino.

How to trade with Thunder Markets:

1. Choose the asset you want to trade
2. Generate a trading idea for deciding if you want to buy or sell
3. Choose the order type
4. Choose the order volume
5. Set up the stop loss and take profit
6. Open the trading positions

As mentioned before, one-click trading is also possible with the software MetaTrader 4. There are different options to open your trade.

How to open your trading account:

The account opening is simple, like with most other brokers. In less than 5 minutes, you can create a trading account. Thunder Marekts supports individual and company accounts. Type in your name, email address, password, and phone number. It is important to use the right information because the broker needs to verify your identity.

Thunder Markets is a regulated broker and has to verify your identity. You only can start trading with real money if your account is fully approved. Upload an identity document and proof of your current address in the customer dashboard. The team of Thunder Markets will reply to you fast and approve your trading account, also, it took slightly longer than usual during our test.

After opening the demo account, you will get access to your account dashboard. Here you can get instant support from the support team, apply for a live account or get the credentials for your demo account. It is highly organized, clean, and easy to navigate, which really helps to maintain a good user experience in our experience.

(Risk warning: Your capital can be at risk)

Thunder Markets review of deposits and withdrawals

As we discussed before, the minimum deposit is $500 with Thunder Markets. You can use different methods for deposits and withdrawals. There are no fees or hidden fees if you want to transfer the money. The funds are stored in European banks with high security.

Deposits with electronic methods are instant, and the money is credited to your trading account directly. For bank wire, it can take up to 5 working days. From our experience, the withdrawals are very fast. It can take up to 1 – 3 days, but most of the time, the withdrawal is accepted on the same working day. Thunder Markets also refrains from charging withdrawal fees if you go with a wire transfer or credit card as a withdrawal method.

Facts about the payments of Thunder Markets: 

• Use credit cards, debit cards, wire transfers, Skrill, Neteller
• No deposit fees
• No withdrawal fees
• No hidden fees
• Instant deposits
• Withdrawals in 1 – 3 days (very fast)

Does Thunder Markets offer negative balance protection?

You might be surprised how fast market movements can be, and especially if you are trading with high leverage, your account balance can turn negative pretty fast. We found no evidence of negative balance protection on their site, which means you could potentially face a situation where you will need to invest substantial funds at short notice in order to maintain enough liquidity in your account. If you are unable to do so, your positions may be closed, and any associated losses are your sole responsibility.

How does the broker make money from you?

Unlike binary options brokers, Thunder Markets has no direct interest in wheater your trades are profitable or not. The broker will make money by taking a fixed commission per trade or benefit from the added spread (the difference between the ask and bid price) to make money from you. However, the fees and commissions are rather low, and we can confirm that Thunder Markets is a broker with low costs.

(Risk warning: Your capital can be at risk)

Support and Service:

Thunder Markets offers multi-language support via chat, phone, and e-mail. The support works 24 hours per working day (week). We tested the support, and the team of Thunder Markets answered fast our questions. It seems like reliable support.

The support also offers 1 to 1 training. If you need help installing the software or opening your first trade, you can ask the support team for help. They will show you what you have to do and explain it quickly. Apart from phone and e-mail support, Thunder Forex provides a call-back form on their site, where you can request a callback from the support team. You can even specify the preferred time for it.

If you need to contact the support team instantly, you will find the contact details below. :

What are the best Thunder Market alternatives?

As always, before we conclude the article, we provided you with three of our favorite alternatives. Each broker has some advantages and disadvantages, and finding your perfect provider might need so testing, but the alternatives below are highly reputable, regulated companies that have been around for years.

Captial.com

Captial.com is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team. If you lack trading experience or knowledge, then captial.com is the best option. On the downside, fees and commissions tend to be slightly higher than on other platforms.

RoboForex

The next potential alternative you could consider is RoboForex. What makes this broker unique is it its large variety of tradable assets and the laser-fast order execution. They offer seven asset classes and more than 12,000 markets to trade. Roboforex is registered in Belize, and regulated by the CySEC, FCA, ASIC, and FSA. According to their website, more than 900,000 customers are registered on their site. Don’t forget to read our full review on Roboforex before you test it out.

XTB

Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile. This makes XTB one of the safest brokers in the world, so you can’t go wrong with them.

Conclusion of the Thunder Markets review: New and professional online broker

On this site, we showed you the main facts and experiences of Thunder Markets. It is a new forex and CFD broker for international clients. Traders can use high leverage to open positions. This is an advantage for all European customers because European brokers can not offer such high leverage to retail traders.

The trading conditions with Thunder Markets are very good and professional. There are low trading fees and commissions. In addition, MetaTrader 4 is offered and supported by the broker. It is a reliable platform for trading and analysis.

Deposits and withdrawals are working fast without any additional fees. For questions, you can ask the support team, which is also reliable. All in all, we give Thunder Markets a good rating. 

Advantages of Thunder Markets: 

• Regulated and secured broker
• High leverage of every client
• Spreads from 0.0 pips
• Low commissions
• Free demo account
• MetaTrader 4 platform
• Reliable support

Thunder Markets review

Overview and test of the broker Thunder Markets.

Trusted Broker Reviews

Regulation

Platform

Trading offers

Customer support

Deposit

Withdrawal

Summary

Thunder Markets is a secure trading platform with competitive spreads and no hidden fees.

5

Thunder Markets is a reliable offshore broker for trading forex and CFDs. The conditions are very good, and it is a secure platform. (5 / 5)

Trusted Broker Reviews

(Risk warning: Your capital can be at risk)

FAQ – The most asked questions about Thunder Markets : 

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Last Updated on June 19, 2023 by Res Marty