ThinkMarkets, a multi-asset online brokerage company based in Australia, is expanding its presence in the Asia Pacific (APAC). The broker will establish a new platform in New Zealand that will be regulated by the New Zealand Financial Markets Authority (FMA).

ThinkMarkets expands its presence in the APAC region

The report by ThinkMarkets said that the launch of the new entity in New Zealand would enable the platform to access a wide range of services. These services entail multiple financial instruments such as commodities, cryptocurrency trading, stocks, and indices. The services supported by the platform would be available to the residents of New Zealand.

These traders will also have access to more than 4000 financial instruments offered on ThinkTrader. The launch of ThinkMarkets in New Zealand comes more than one year after the brokerage platform extended its forex trading services to Japan.

A year before its Japan expansion, the London-headquartered broker announced the acquisition of a Japan Affiliate. The latter is a forex trading company based in Japan. ThinkMarkets also launched a new office in Tokyo.

The CEO and co-founder of ThinkMarkets, Nauman Anees, said the company launched successfully in Japan last year. As such, the broker was committed to pursuing more growth and expanding its global presence.

“After our highly successful launch in Japan in 2022, ThinkMarkets remains committed to expanding its services to multiple regulated markets worldwide with our award-winning trading platform, ThinkTrader,” Anees said.

The latest efforts made by the broker to expand its activities also come after a $30 million funding round for the company. The company received this funding early last year to boost its business activities across multiple areas in several jurisdictions globally. Mars Growth led the $30 million funding round for the company. The latter is a joint venture fund for Liquidity Group and MUFG.

ThinkMarkets is expanding its presence in Africa

Besides focusing on growth in the APAC region, ThinkMarkets is also expanding its presence outside APAC and into Africa. In 2019, the brokerage company secured a regulatory license from South Africa. At the same time, it also confirmed plans to set up a new office in Johannesburg.

Two years after securing regulatory approval in South Africa, the brokerage company announced it would expand the services available for retail traders in South Africa. The broker then added South African shares and exchange-traded funds (ETFs).

The company also said it would give its clients in South Africa access to trading opportunities for over 700 ETFs and company stocks listed at the Johannesburg Stock Exchange.

In recent months, ThinkMarkets has made several efforts to boost the growth of its platform. In February, the company upgraded ThinkTrader Web, its in-house trading platform. During the same month, the company adopted a new security feature to allow users to prevent and detect fraudulent calls that have become common among online traders.