ThinkCapital is a prop firm backed a well-known broker ThinkMarkets and has been operating since 28 June 2024. ThinkCapital offer traders the funding of up to $300K with the profit split of up to 90% and to top it all off, ThinkCapital also offers a scaling plan with which traders can scale their accounts up to a max scaled up capital of $1 Million. ThinkCapital also provide their own trading platform which is highly intuitive and comes with TradingView integration, allowing traders to trade with the fastest real time market movement.

Company Information

• Company Name: ThinkCapital
• Company Legal Name: TC Systems FZE
• Company Registration Number: 33985
• Operating Since: June 28, 2024

Challenge Details

ThinkCapital offers three different challenges 🎁:-  Lightning Challenge, Dual-Step Challenge, and Nexus Challenge.

Lightning Challenge Details

Pricing:

• Size: $5,000 ($59)
• Size: $10,000 ($99)
• Size: $25,000 ($199)
• Size: $50,000 ($299)
• Size: $100,000 ($499)
• Size: $200,000 ($949)

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80% (90% with add-on)
• Drawdown Type: Trailing Drawdown
• Time Limit: Unlimited
• Max Lot Size: No limit
• Payout Frequency: Every 14 days (7 days with add-on)
• Allows Copy Trading: Only among ThinkCapital accounts
• Minimum Trading Days: 3 days

Dual-Step Challenge Details

Pricing:

• Size: $5,000 ($59)
• Size: $10,000 ($99)
• Size: $25,000 ($199)
• Size: $50,000 ($299)
• Size: $100,000 ($499)
• Size: $200,000 ($949)

Rules:

• Profit Target (Phase 1): 8%
• Profit Target (Phase 2): 5%
• Total Loss: 8%
• Daily Loss: 4%
• Profit Share: 80% (90% with add-on)
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Max Lot Size: No limit
• Payout Frequency: Every 14 days (7 days with add-on)
• Allows Copy Trading: Only among ThinkCapital accounts
• Minimum Trading Days: 3 days

Nexus Challenge Details

Pricing:

• Size: $5,000 ($59)
• Size: $10,000 ($99)
• Size: $25,000 ($199)
• Size: $50,000 ($299)
• Size: $100,000 ($499)
• Size: $200,000 ($949)

Rules:

• Profit Target: 10%
• Total Loss: 6%
• Daily Loss: 3%
• Profit Share: 80% (90% with add-on)
• Drawdown Type: Balance-Based Drawdown
• Time Limit: Unlimited
• Max Lot Size: No limit
• Payout Frequency: Every 14 days (7 days with add-on)
• Allows Copy Trading: Only among ThinkCapital accounts
• Minimum Trading Days: 3 days

Leverage:-

ThinkCapital provides traders with competitive leverage options depending on the account type and challenge phase.

Lightning Challenge & Funded Accounts:

• Forex: 1:30
• Indices: 1:5
• Commodities/Oil: 1:10
• Crypto: 1:1

Dual-Step and Nexus (Challenge & Funded Accounts):

• Forex: 1:100
• Indices: 1:15
• Commodities/Oil: 1:15
• Crypto: 1:1

Scaling Plan

ThinkCapital’s scaling plan allows traders to grow their accounts up to $1 million. Here’s how it works:

• To qualify, traders must achieve at least a 10% profit over three consecutive months.
• Traders must withdraw payouts at least three times within these three months.
• For every successful scaling, the account size increases by 20% of the initial balance, continuing until the $1 million threshold.

Spreads and News Trading Rules

Spreads:

ThinkCapital offers raw spreads on its trading instruments, delivering competitive trading conditions. Traders can view real-time spreads through the platform credentials below:

Platform 5:

• Account Number: 14300282
• Password: N!SbG1Ko
• Server: ThinkMarkets-Demo

ThinkTrader:

• Traders are login here to check the spreads on ThinkTrader - https://web.thinktrader.com/account/login
• Username: [email protected]
• Password: 4+5O)z#.)14E

News Trading Rules

For Simulated Challenge Accounts :-

News trading is allowed but ThinkCapital monitors accounts to prevent rapid challenge pass-through due to news events. Abusive practices result in a reversion to Phase 1 for review.

Simulated Funded Accounts :-

News trading is prohibited unless the News Trading Add-On was purchased. High-impact news restrictions include:

• No trading two minutes before and after a high-impact news event.
• Holding trades during this 4-minute window is allowed, but no account actions (opening or closing trades) may occur.
• Violations lead to account termination and forfeiture of profits.

Red Folder News Events: Only red-folder events from ForexFactory must be avoided, except “all day” marked events.

For News Trading Add-on Users :-

News Trading is fully allowed in both challenge and funded phases.

Other Important Rules

Daily Drawdown Calculation

ThinkCapital calculates their daily drawdown based on the account equity at the end of the day and as the account progresses, the drawdown limit does not increase or decrease but trails higher based on the account balance.

Countries Banned from Purchasing

ThinkCapital prohibits services in countries sanctioned by OFAC or with other legal restrictions. Restricted countries include:- 

• Afghanistan
• Albania
• Burma (Myanmar)
• Burundi
• Central African Republic
• Cuba
• Iran
• Kosovo
• Lebanon
• Libya
• Mali
• Midway Islands
• North Korea
• Republic of the Congo
• Samoa
• Somalia
• Sudan
• Syria
• Vatican City State
• West Bank
• Western Sahara
• Yemen
• Zambia
• Ukraine
• Russia

Clients from the U.S. and U.S. territories are limited to ThinkTrader for trading access. These include :- 

• American Samoa
• Guam
• Northern Mariana Islands
• Puerto Rico
• US Virgin Islands

Gambling Rules

ThinkCapital prohibits gambling activities on all accounts. Regular monitoring is performed to prevent gambling tactics, including:

• Overleveraging: Using high margin leading to rule breaches.
• Overexposure: Excessive trading on correlated assets.
• Excessive Scalping: Frequent trades under one minute.
• Martingale Strategy: Doubling down after losses.
• All-In Behavior: Taking large, unhedged trades.
• One-Sided Bets: Lack of risk management.

Prohibited Trading Strategies

ThinkCapital prohibits the following strategies due to risks, potential abuse, and lack of genuine trading intent:

• Copy Trading: Replicating trades of others is not allowed.
• Grid Trading: Reverse buy and sell orders on the same asset are restricted.
• Hedging/Group Hedging: Forbidden across multiple accounts.
• Collusion Between Users: Coordinated trading for profit manipulation.
• Account Sharing, Management, or Sale: Restricted by Terms of Use.
• Latency Arbitrage: Not permitted as it undermines fair trading.
• High-Frequency Trading (HFT): Prohibited to maintain fair competition.
• Delayed Data Feed Abuse: Using delayed data feeds for advantage is restricted.
• Expert Advisors (EAs): Prohibited if used without permission.
• Challenge Passing Services: Misuse of these services breaches fair competition.

Payout Methods

Currently, ThinkCapital offers cryptocurrency as the sole payout method. However, bank transfer options are expected soon.

Trading Commissions

Platform 5: ThinkCapital provides raw spreads with the following commission structure:

• Forex: $4 per lot
• Indices: $0
• Metals: $4 per lot
• Oil: $0
• Crypto: $0

IP Rule

For security, ThinkCapital allows trading with only two devices per account. When away from a primary device, traders are advised to use mobile data for login security.