ThinkMarkets is on a roll. The retail FX and CFD broker has recently acquired a Japan affiliate, holding a Type 1 Financial Instruments Business Operator license from the Japanese Financial Services Agency (JFSA), according to the firm.
The acquisition allows ThinkMarkets to enter the FX market in Japan and provide access to the company’s proprietary mobile-first trading platform ThinkTrader, soon to be launched in Japan.
Nauman Anees, CEO of ThinkMarkets, said: “Tokyo is one of world’s largest foreign exchange trading hubs, so the expansion of our brokerage services offering with the addition of FX in Japan is an exciting milestone for us as we continue our global expansion. This announcement is also significant because it coincides with the opening of our Tokyo office.”
ThinkMarkets will operate in Japan under the name TF Global Markets Japan Ltd and will be led by newly appointed Chief Executive Officer Koike Kazuhiro. The industry veteran is a former CEO at IG Group Japan and CMC Markets Japan. Kazuhiro has played executive roles in other leading companies within the industry, including Nasdaq Japan Exchange, Credit Suisse Group, and Traders Securities.
Koike Kazuhiro, CEO at TF Global Markets Japan (ThinkMarkets), said: “Adding Japan’s foreign exchange markets to our existing brokerage services will appeal to current forex traders, while our Tokyo office opening will allow us to better serve local customer needs. We are looking forward to this new chapter in the company’s history.”
ThinkMarkets was founded in 2010 by brothers Nauman and Faizan Anees in New Zealand, under the name ThinkForex. The firm obtained an ASIC license in 2012 when it moved its headquarters to Australia. ThinkForex rebranded as ThinkMarkets in 2016. The company is also authorized by the UK Financial Conduct Authority and South Africa’s FSCA.
Customers are able to trade with the firm’s proprietary ThinkTrader platform, as well as MT4 and MT5, all accessible through desktop, mobile, and tablet with a single login.
The company has recently partnered with FinClear for its wholesale trading access in Australia.