ThinkMarkets Starts Offering South African Shares and ETFs

Australia-headquartered ThinkMarkets, a multi-regulated and multi-asset broker, has expanded its services for retail traders with the addition of South African shares and exchange-traded funds (ETFs) to its offerings.

Announced on Tuesday, the brokerage will offer more than 700 JSE-listed company stocks and ETFs to its South African client base for trading.

This will be an addition to the brokerage’s existing product line of thousands of share CFDs, along with other investment instruments of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, indices, commodities and Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term.

“We are strongly committed to delivering a unique and valuable proposition to our clients in South Africa,” said Nauman Anees, ThinkMarkets’ Co-Founder and Chief Executive. “With the launch of our share trading offering, our customers will finally be able to invest in the stocks of local heavyweights like Naspers, Anglo-American, Gold Fields and many others.”

Strengthening Regional Operations

ThinkMarkets’ commenced its South African operations in mid-2019 with offerings of both local and international investment products. For the new offerings, it will charge a brokerage rate of 0.25 percent with a minimum of 30 rands for trading the South African shares and ETFs.

“The unique feature set of ThinkTrader is tailored with the retail investor in mind. We are proud of the quality of the platform we provide to our clients and have the confidence that the South African stock market is ripe to join in the trend of low-commission trading, just like the largest stock markets worldwide,” Anees added.

With operations across the globe, ThinkMarkets continues to enter new markets and territories. Recently, it opened an office in Tokyo and acquired local forex firm, Japan Affiliate, which will allow it to start operations in the country.

“We firmly believe in helping clients achieve wealth creation and have created an offering for clients to invest smarter in one of the best-performing markets in the world,” ThinkMarkets’ South African Regional Director, Ridwaan Moola, added.