ThinkMarkets Launches FX Trading Services in Japan

ThinkMarkets has officially entered the Japanese forex trading market by launching its online trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term services in the country, the company announced on Tuesday. Its services will be available on its proprietary app, ThinkTrader.

This move came a year after the Australia-headquartered broker acquired the Japanese FX firm, Japan Affiliate, and thus obtained a license to operate in the country by the Japanese Financial Services Agency (JFSA). In addition, it opened a local office in Tokyo.

“We are very proud to start our business in the Japanese market, which has one of the most rigorous and well-regulated financial systems in the world. I hope that we can contribute to the revitalization of the Japanese capital market by leveraging the strengths of our group,” said Koike Kazuhiro, the CEO of ThinkMarkets Japan.

The Largest Retail FX Market

Japan is considered to be the largest market when it comes to retail forex trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term volumes. But, the market is mostly dominated by a few big local brands. Now, many international brokers are attempting to enter the Japanese retail forex trading market.

ThinkMarkets highlighted that it already has an existing user base in Japan as many traders in the country have been using the ThinkTrader app for charting and analysis.

“Our trading app ThinkTrader is a unique proposition for the Japanese market,” Nauman Anees, the Co-Founder and CEO of ThinkMarkets, said. “With its streamlined user interface, sophisticated charting capabilities and ultrafast execution speeds, we are confident we will meet the high expectations of clients in Japan.”

“Coupled with our exceptional customer support, our proprietary technology enables us to scale our offering into new markets quickly and efficiently.”

Furthermore, the Aussie broker’s move into the Japanese market came after it secured $30 million in funding from Mars Growth, a joint venture fund of Liquidity Group and MUFG. Then, it said that the proceeds were to be used in growing business across multiple verticals in several jurisdictions globally.