ThinkMarkets has expanded its service offering by integrating 2,500 new CFDs on stocks and ETFs on its ThinkTrader platform.
Often touted as cheaper and better than futures trading, ETF CFDs have become one of the popular investment vehicles for retail traders. The asset class typically tracks a stock index and trades on an exchange to allow individuals to trade a basket of securities in a single transaction. It also creates the conditions for retail investors to trade the underlying asset with much better control of their risk margin exposure.
In a press release, the Melbourne-based brokerage firm said it had significantly increased its range of derivative products referencing liquid stocks traded on the NYSE and NASDAQ. Over 4000 listed stocks and ETFs are now available for ThinkMarkets clients to explore and trade.
“Our primary mission has always been to satisfy our clients and provide them with a wide variety of choices when it comes to the assets they want to trade. Additionally, we have strived to stay ahead of the curve and maintain a top-notch offering that is constantly updated with more instruments for customers to choose from,” the company said.
ThinkMarkets has had a busy year
ThinkMarkets is expanding its product line as clients’ desire to gain exposure to regulated markets increases. The inclusion of new EFT CFDs not only helps expand the trading capabilities of its customer base, but also attracts more traders looking to diversify their trading options. The case for adding assets has grown in recent years with clients in certain regions keen to actively trade new instruments.
ThinkMarkets (formerly ThinkForex) is a multi-licensed online brokerage firm, authorized and regulated by the UK Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
ThinkMarkets made headlines earlier this year when it raised $30 million in fresh capital, provided by Mars Growth, a Liquidity Group and MUFG joint venture fund. Its UK business also launched a new prime brokerage unit under the Liquidity.net brand.
We last reported on ThinkMarkets in March after the company launched its trading services in Japan as its global expansion plans continue to gather pace. The move came barely a year after ThinkMarkets acquired Japanese exchange firm, Japan Affiliate. This announcement coincided with the opening of the Tokyo office of ThinkMarkets.