ThinkMarkets has launched its services in Japan. Local users can now use its platform to trade forex. The services are currently offered through its native mobile app and the company has been licensed from the JFSA for domestic operation.
The move comes after about a year of acquisition of Japan Affiliate, a Japanese FX firm. During the same time, it gained the license of JFSA to operate in Japan and opened an office in the capital city Tokyo.
The company's Japan unit chief executive officer said they are proud to expand the business in Japan that has a regulated and rigorous financial system and it is hoped the company may revitalize the market with enhanced strengths.
Japan is among the largest markets globally with respect to volume in retail forex trading. The market is mainly driven by local giants, but lately, international brokers are showing interest in it.
ThinkMarkets claim to have a significant user base in the country as its app has been used for analysis and charting by Japanese traders.
ThinkMarkets CEO and co-founder Nauman Anees said their app is equipped with a unique proposition featuring a streamlined user interface, super-fast execution speed and sophisticated charting capabilities. It is believed the company is capable of meeting the expectations of Japanese clients.
Anees added further that they have an outstanding customer support team and the app is enabled with proprietary technology that is capable of scaling up the offerings efficiently and quickly in new markets.
Lately, ThinkMarkets secured funding of $30 million from Mars Growth, which is a joint venture of MUFG and Liquidity Group. The proceeds are said to be used in expanding the business in various verticals and in several jurisdictions.
ThinkMarkets was founded in 2010 and as ThinkForex by brothers Faizan Anees and Nauman Anees in Auckland, New Zealand. It was relocated to Melbourne in 2012 and rebranded to today's name in 2016. It is regulated by the ASIC in Australia and by FCA in the United Kingdom. It simultaneously has offices in China, Shanghai, Shenzhen and Dubai.
The company launched Trade Interceptor named trading platform in 2016 and thereafter launched websites in Arabic and German to serve traders of the region better.
It simultaneously offers a plethora of educational resources for beginners and novice traders to learn more about forex and trading. However, beginners and novices are suggested to start trading with a demo account to gain real experience of the market without using their own funds.