TF Global Markets (UK) Limited, the UK arm of ThinkMarkets, has reported its financial results for the year ending 31 December 2024. The company recorded a net loss for the year, attributed to a decrease in turnover and a rise in administrative expenses.

Company Sees £9,722 Loss for 2024

The company’s turnover fell to £1.8 million, down from £2.4 million the previous year. Administrative expenses increased slightly, resulting in an operating loss of £56,507, a reversal from the prior year's operating profit.

Interest receivable was maintained, but the company incurred interest expenses, leading to a pre-tax loss. After accounting for a tax credit, the company posted a final loss of £9,722, compared to a profit in 2023. No other comprehensive income was reported, and the total comprehensive income for 2024 was also a loss of £9,722.

The financial results reflect a Transfer Pricing arrangement between ThinkMarkets UK and its parent company. The revenue and profits reported by the UK entity are derived from a service fee rather than actual trading performance. As a result, the figures do not directly reflect any trading losses.

You may find it interesting at FinanceMagnates.com : ThinkMarkets UK’s 2023 Profit Dived 71%: Client Acquisition and Deposits Boosted.

ThinkMarkets Launches Mobile Integration and Prop Trading Services

TradingView has expanded its integration with ThinkMarkets, now offering the broker’s services on its mobile platform. This update improves accessibility for traders who prefer mobile devices, as ThinkMarkets was previously only accessible via desktop on TradingView.

With the new integration, ThinkMarkets clients can trade on the go using TradingView’s mobile app, accessing CFDs on instruments such as currency pairs, stocks, and commodities. The update provides added flexibility, allowing users to operate directly from mobile devices.

In July, ThinkMarkets and TradingView first partnered to enhance desktop trading. ThinkMarkets, established in 2010, provides various assets and fast order execution, with clients across 165 countries.

Additionally, ThinkMarkets has launched prop trading services under ThinkCapital, offering simulated trading and educational tools for traders. This move follows similar offerings from brokers like Axi and OANDA, further expanding the range of services available to traders.