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ThinkMarkets gets Regulatory Approval from the DFSA to Expand in the UAE

The business has the chance to introduce ThinkTrader, its trading platform, to a fresh clientele. The business has integrated TradingView into ThinkTrader so that eight charts can be tracked simultaneously.

The Dubai Financial Services Authority (DFSA) has granted a regulatory license to ThinkMarkets, a multi-asset trading platform, indicating the company's expansion in the Middle East and North Africa (MENA) area. With this clearance, ThinkMarkets may now welcome customers from the United Arab Emirates and reach a new market with its trading platform, ThinkTrader.

With the help of the DFSA license, ThinkMarkets is able to provide a variety of cutting-edge trading tools integrated within the ThinkTrader platform to its clients in the UAE. The Signal Centre, TrendRisk Scanner, and Traders' Gym are a few of the tools designed to improve the trading environment for local investors.

ThinkMarkets co-founder and co-CEO Faizan Anees expressed his happiness at receiving the DFSA license. He underlined that high-growth areas include the UAE and the larger MENA area. The new license will make it easier to onboard new customers from these regions in a safe and controlled way. 

Anees emphasized that ThinkMarkets is dedicated to offering a first-rate trading experience through a variety of trading products, their in-house platform, ThinkTrader, and strict regulation. With the new DFSA license, ThinkMarkets will be able to better serve their clients and penetrate new, important markets in the area.

This regulatory victory fits nicely with ThinkMarkets' broader plan for international expansion, as the business actively seeks to establish itself in new markets throughout the world. ThinkMarkets has recently secured licenses in major jurisdictions such as the Japan Financial Services Agency and the New Zealand Financial Markets Authority, in addition to the MENA area. 

ThinkMarkets has integrated TradingView into ThinkTrader, allowing users to view up to eight charts at once for better market research. Customized views of market trends and historical data navigation are offered by the platform. Undo and redo buttons for simple customization are among the new features. 

ThinkMarkets has introduced ThinkCopy, a copy trading platform that offers management features, fund allocation, and user filtering. In order to incorporate AI-driven market analysis tools into its ecosystem for data-driven insights, the company teamed with Acuity Trading.

Author : Prop Connect
Publish Date : 04 March 2024

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