ThinkMarkets has recently secured a license from the Dubai Financial Services Authority (DFSA) This will allow the broker to onboard clients in the UAE and provide those clients with access to their innovative trading platform, ThinkTrader.
What benefits will this new license bring to ThinkMarkets’ client base?
With the new DFSA license, ThinkMarkets’ traders in the UAE will have access to ThinkTrader’s advanced trading and analysis tools, including Signal Centre, TrendRisk Scanner, and Traders’ Gym.
These tools will help traders make more informed decisions and should improve their overall trading experience.
By gaining a DFSA license, ThinkMarkets joins a growing number of brokerages and other financial services companies that are opening for business in the UAE.
Which, is continuing to gain momentum, as a financial services centre in its own right.
Who are ThinkMarkets?
ThinkMarkets is a global, multi-regulated online brokerage established in 2010, that offers clients access to 4,000+ CFD instruments spanning FX, indices, commodities, equities, and more.
ThinkMarkets has offices in London, Melbourne, and Tokyo and hubs in the Asia-Pacific, Europe, and South Africa, operating through multiple financial licenses around the globe.
What is Think Market’s expansion strategy?
The newly acquired DFSA license is the latest addition to ThinkMarkets regulated entities, and forms part of its global expansion strategy, under which Think Markets has been acquiring licenses in new jurisdictions, and markets, around the world.
In addition to the DFSA license, ThinkMarkets has acquired, licenses from the Japan Financial Services Agency (JFSA) and the New Zealand Financial Markets Authority (FMA).
ThinkMarkets’ CEO and co-founder, Faizan Anees said of the the new DFSA license:
“We are delighted to have obtained the DFSA licence. The UAE and wider MENA region is a high-growth market, and this new licence will now enable us to onboard new clients from this area in a regulated and secure way.”
He added that
“At ThinkMarkets, we are always seeking ways to give our clients an exceptional trading experience with our proprietary platform ThinkTrader, thousands of trading instruments to choose from, and regulation, are fundamental parts to achieving this.”
The UAE’s geographic location midway between Europe and Asia, and its proximity to fast-growing Middle Eastern and South Asian economies, make it an attractive destination for brokerages and other financial services businesses.
Who are also drawn to the region, by its low tax rates, and status as a global transport and communications hub.
With over 35 years of finance experience, Darren is a highly respected and knowledgeable industry expert. With an extensive career covering trading, sales, analytics and research, he has a vast knowledge covering every aspect of the financial markets.
During his career, Darren has acted for and advised major hedge funds and investment banks such as GLG, Thames River, Ruby Capital and CQS, Dresdner Kleinwort and HSBC.
In addition to the financial analysis and commentary he provides as an editor at GoodMoneyGuide.com, his work has been featured in publications including Fool.co.uk.
As well as extensive experience of writing financial commentary, he previously worked as a Market Research & Client Relationships Manager at Admiral Markets UK Ltd, before providing expert insights as a market analyst at Pepperstone.
Darren is an expert in areas like currency, CFDs, equities and derivatives and has authored over 260 guides on GoodMoneyGuide.com.
He has an aptitude for explaining trading concepts in a way that newcomers can understand, such as this guide to day trading Forex at Pepperstone.com
Darren has done interviews and analysis for companies like Queso, including an interview on technical trading levels.
A well known authority in the industry, he has provided interviews on Bloomberg (UK), CNBC (UK) Reuters (UK), Tiptv (UK), BNN (Canada) and Asharq Bloomberg Arabia.
