ThinkMarkets, a multi-asset broker headquartered in Melbourne, Australia, announced on Wednesday that it has expanded its contract-for-differences (CFD) product offering, with the firm adding global equities.
Now, the ASIC-regulated broker facilitates trading in equity derivatives contracts from North America, Europe, and Asia financial markets. The new instruments will be available to trade on ThinkMarkets’ mobile trading platform, Trade Interceptor, which can also be used on a desktop.
“We’ve been committed to serving the needs of global traders, and as the equity markets have been in recovery-mode post 2008, it’s a natural progression for ThinkMarkets to offer over 120 CFD equities from across the world’s most active and liquid markets,” said the Co-founder and CEO of ThinkMarkets, Nauman Anees.
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In addition to the global equities, the Aussie broker also added new products to its MetaTrader 4 platform. This includes CFD indices, commodities, precious metals, and foreign exchange.
Back in 2017, the firm acquired mobile app provider Trade Interceptor. Since then, the company has been refocusing its objective with a mobile-centric approach, with ThinkMarkets seeing a solid uptick in the number of transactions placed on mobile. According to the statement, the new products are part of this strategy to position itself as one of the largest mobile-focused providers.
ThinkMarkets’ UK Subsidiary Posts Flat 2017 Revenues
Although the broker has its headquarters in Australia, it also has operations in the United Kingdom which are authorized by the Financial Conduct Authority (FCA). Earlier this year, Finance Magnates reported that TF Global Markets UK posted the company’s full-year results for 2017.
The annual report, filed with the UK Companies House, revealed no major changes in the company’s revenues. Specifically, when compared to 2016, last year’s revenues were more or less flat at £3.78 million ($4.94 million). Operating profits for the brokerage increased by 51 percent to £189,278.