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ThinkForex: "Our Next Step is Expanding to Europe"

Nov 22 2012
By
Forexbrokerz.com

The big news of last week was the one about ThinkForex setting up an office in Australia. This week the broker keeps standing in the limelight by winning the “Fastest Growing FX Broker” title at the 2012 MENA Forex Awards. 

 
The awards were given away at the “MENA 10th Forex, Managed Funds & Investment Opportunities” conference in Dubai – a summit that got together all sort of financial professionals – forex brokers, day traders, investors, private and investment bankers, hedge fund managers, etc. 
 
ThinkForex has really jumped ahead in the past couple of years. The broker introduced major updates to its SpeedTrader and MT4 trading platforms, began offering the MirrorTrader platform, increased its leverage to 1:400, pimped up the VPS solution, teamed up with ZuluTrade to offer trading signals to its customers, released an advanced account management portal and so on – the list is long. Considering all this, ThinkForex’s rapid growth and excellent positions on the forex market are not surprising at all. 
 
When the announcement about the broker’s new office was made, we contacted it with a couple of questions and Faizan Anees, managing director of ThinkForex, kindly took the time to answer them. We were curious as to whether the broker was relocating to Australia or rather expanding – and the second option turned out to be the correct one. “We are expanding operations into Australia with a local office in Sydney but we still have a full services office in Auckland, New Zealand - no plans on downsizing or closing the New Zealand office. We also plan to expand further into other jurisdictions with our our next step being to obtain licensing in Europe,” said Anees.   
 
As we reported not long ago, Australia’s main regulator ASIC is considering an increase of the net capital requirement for forex brokers to $1 million or 10% of revenue. According to Anees, this will not be an issue for ThinkForex. “The increase in net capital requirements will drive out inexperienced firms who do not have the capital adequacy to be regulated in such jurisdictions. We expanded into Australia as we have strong client base within Australia and Asia-Pacific,” he said.
 
 

About ThinkForex

 
ThinkForex is a leading international Forex broker with headquarters in New Zealand. It offers traders extremely fast, low latency NDD execution, competitive spreads, swap-free accounts and full hedging. The broker’s customers enjoy excellent promotions on a regular basis, and its highly professional customer support team is available around the clock. 
 
TAGS: ThinkForex  forex broker  VPS  ZuluTrade  MT4  SpeedTrader  ASIC  Australia  MENA  Dubai  forex award 

More news about ThinkMarkets

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
UK, Bulgaria FCA, FSC Web €29 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
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NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
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Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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