ThinkMarkets receives a CySEC license, allowing it to extend its EU services from Cyprus

ThinkMarkets, an Australian retail FX and CFD broker, has bought a CySEC-licensed firm and, with it, its CIF license. It is aggressively growing its capacity to serve EU customers from its Cyprus office.

Like many other brokers, ThinkMarkets used to serve EU customers through TF Global Markets (UK) Limited, which was based in London and was licensed by the FCA. But before “Hard Brexit,” the company had to set up shop in the EU so it could serve people who lived there. ThinkMarkets, like numerous other brokers, picked Cyprus.

ThinkMarkets bought A-Conversion Capital Ltd, which was licensed by CySEC, in 2019, but because of the COVID virus, the company didn't really get going in terms of hiring, onboarding, and customer service until early this year. TF Global Markets (Europe) Ltd has replaced A-Conversation Capital Ltd.

This year has seen a number of new recruits for ThinkMarkets' Cyprus branch in Limassol. Earlier this month, we were the first to reveal that Chantelle Lea, a marketing professional with years of experience in the FX business, had joined ThinkMarkets (from GMI) as Marketing Manager in Cyprus. Other recent Cyprus hiring includes:

• Szanella Tojzan, Head of Back Office (ex FP Markets, Windsor Brokers, Trading.com, LCG, FxPro).

• Leo Neophytou, Head of Brokerage for Europe (ex Pepperstone, Axiance, IronFX).

ThinkForex was founded in 2010 in New Zealand by brothers Nauman and Faizan Anees. The firm relocated its headquarters to Australia after obtaining an ASIC license in 2012. In 2016, ThinkForex relaunched as ThinkMarkets. The firm has offices in Melbourne and London.

ThinkMarkets established TF Global Markets (UK) Limited, an FCA-licensed subsidiary, in 2015. The company also has licensed subsidiaries in South Africa, and Cyprus (TF Global Markets (Europe) Ltd), and has just opened a Japanese-licensed business. ThinkMarkets provides trading using the ThinkTrader platform, as well as MT4 and MT5.

About ThinkMarkets

ThinkMarkets is a multi-regulated broker that offers forex and CFD trading. Users may choose between MT4 and MT5, as well as the broker's ThinkTrader platform. This, along with the ThinkMarkets group's cheap trading costs and over 3500 products, makes the ThinkMarkets group an appealing option.

Our examination will include the login procedure, client portal features, and more.

When trading CFDs with this supplier, 71.89% of retail investor accounts lose money. You should think about whether you understand how CFDs operate and if you can afford to lose your money.

More of ThinkMarkets

CEO Nauman Anees launched ThinkMarkets in 2010. The group is part of Think Capital Limited, a Bermuda-based firm with offices in both Melbourne and London.

Since its start in 2010, the online broker has grown to serve 550,000 customers in 180 countries, including Indonesia, Egypt, the United Arab Emirates, and Bulgaria. In 2018, ThinkMarkets made headlines when it announced an initial public offering (IPO) on the ASX for £100 million. This allowed Australian investors to get involved in the growing financial technology industry.

The Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Financial Services Conduct Authority (FSCA) in South Africa, and the Financial Services Authority (FSA) in Seychelles all oversee the broker.

The broker also has two more licenses from the Cyprus Securities and Exchange Commission (CySEC) in Europe and the Financial Services Agency (JFSA) in Japan.

Check out for more of ThinkkMarkets here: https://www.wikifx.com/en/dealer/0001423088.html

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