Aussie-headquartered broker, ThinkMarkets, officially launched its forex trading services in Japan today. This comes after the global brand acquired a local forex company last year, securing a license from the Japanese financial regulator. Read on for the details.
Major Forex Market
Japan is one of the largest markets for retail forex trading. However, several local firms have traditionally dominated the market. This latest move from ThinkMarkets comes as several big players turn their sights to the Asia-Pacific region.
The brokerage acquired the Japanese forex trading firm, Japan Affiliate, in 2021, obtaining a license from the local regulator in the process. ThinkMarkets has also opened an office in Tokyo.
Importantly, many local traders were already using the ThinkTrader app for charting and technical analysis, so this will be welcome news for investors already familiar with the brand.
ThinkMarkets’ Japan CEO, Koike Kazuhiro, commented: “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.”
ThinkMarkets’ Co-Founder and CEO, Nauman Anees, added: “Our trading app ThinkTrader is a unique proposition for the Japanese market. 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.”
ThinkMarkets was founded in 2010 and has headquarters in Melbourne and London. The firm is part of Think Capital Limited and is registered in Bermuda. The retail trading brand also has over half a million users in more than 180 countries.
Alongside its JFSA authorization, ThinkMarkets holds licenses with several top-tier financial agencies, including the Australian Securities & Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), South Africa’s Financial Services Conduct Authority (FSCA), and the Financial Services Authority (FSA) Seychelles.
ThinkMarkets offers the MetaTrader 4 and MetaTrader 5 platforms. However, its proprietary ThinkTrader application, which will be available to Japanese traders, is the jewel in its crown. The app comes with 80 indicators, 50 drawing tools and 14 chart types. 200 free cloud-based notifications are also available, as well as direct charting, multiple order types and a suite of risk management tools.
Follow the link below to start trading today.