ThinkMarkets has officially entered the Japanese forex trading market by launching its online trading services in the country, the company announced on Tuesday. Its services will be available on its proprietary app, ThinkTrader.
This move came a year after the Australia-headquartered broker acquired the Japanese FX firm, Japan Affiliate, and thus obtained a license to operate in the country by the Japanese Financial Services Agency (JFSA). In addition, it opened a local office in Tokyo.
“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,” said Koike Kazuhiro, the CEO of ThinkMarkets Japan.
The Largest Retail FX Market
Japan is considered to be the largest market when it comes to retail forex trading volumes. But, the market is mostly dominated by a few big local brands. Now, many international brokers are attempting to enter the Japanese retail forex trading market.
ThinkMarkets highlighted that it already has an existing user base in Japan as many traders in the country have been using the ThinkTrader app for charting and analysis.
“Our trading app ThinkTrader is a unique proposition for the Japanese market,” Nauman Anees, the Co-Founder and CEO of ThinkMarkets, said. “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.”
“Coupled with our exceptional customer support, our proprietary technology enables us to scale our offering into new markets quickly and efficiently.”
Furthermore, the Aussie brokers move into the Japanese market came after it secured $30 million in funding from Mars Growth, a joint venture fund of Liquidity Group and MUFG. Then, it said that the proceeds were to be used in growing business across multiple verticals in several jurisdictions globally.
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