ThinkMarkets has gained an edge in the Asia Pacific region by launching a New Zealand entity. This gives the residents of the region a window to participate in trading activities through ThinkTrader. The platform is regulated by FMA – New Zealand Financial Markets Authority – and can be accessed through mobile, desktop, or the web.
New Zealand welcomes the platform that is all set to offer its CFDs services in foreign exchange, commodities, indices, stocks, and cryptocurrencies, among many others. ThinkTrader is a proprietary platform that is backed by awards and a feature-rich interface to offer over 4,000 financial instruments.
The announcement comes months after ThinkMarkets secured $30 million in early 2022 to strengthen its mission of global expansion. ThinkTrader can notably be accessed in two modes which are dark and light. More details about the functionality of ThinkMarkets and ThinkTrader can be accessed in our ThinkMarkets review.
Residents of New Zealand will also gain access to a new feature launched at ThinkTraders. Traders Gym is a proprietary tool that offers a simulated environment to the users, allowing them to test their trading strategies against the real scenarios existing in the market. The platform is intuitive and now all set to serve the market of New Zealand.
Nauman Anees, the Co-Founder & Chief Executive Officer of ThinkMarkets, has addressed the announcement, saying that they are delighted with the expansion in a newly regulated market of New Zealand. Nauman has also acknowledged the previous launch in Japan that happened in March 2022, stating that the venture remains committed to expanding its services in regulated markets across the world through ThinkTrader.
Expansion in the APAC region through a new entity is sure to accelerate its growth plan. However, it has come months after entering Japan and opening an office in Tokyo. It does align with the mission, but ThinkMarkets might look for a faster and better way to achieve its spread across the globe at the earliest.
Headquartered in London, ThinkMarkets entered the region of Japan by acquiring Japan Affiliate. ThinkMarkets is backed by a funding of $30 million. The round saw the sole participation of Mars Growth.
ThinkMarkets is simultaneously looking to expand in other regions. Africa, for one, welcomed the venture in 2019 when it announced the plans to acquire a regulatory license and open an office in Johannesburg.
Its expansion was strengthened after two years when the market saw the launch of South African shares and ETFs, exchange-traded funds. These were added to the existing offerings in the African market, making it one of the best forex brokers. Efforts are still underway to bring as many improvements as possible to ThinkMarkets. For instance, the platform recently upgraded ThinkTrader Web and introduced a new security feature.
The security feature at ThinkMarkets helps users to detect calls that pose fraudulent threats to them. This is now a common feature that is being used within the trading community.ThinkMarkets has expanded its offerings in New Zealand. Customers can expect the platform to bring more improvements in the days to come.