Since obtaining its FCA license, ThinkForex has been steadily building its operations in the UK.
On Friday the broker announced it was beefing up protection for investors by offering an additional £1m insurance protection.
Whereas most brokers regulated by the Financial Conduct Authority (FCA) offer the industry-standard Financial Services Compensation Scheme (FSCS) coverage of £50,000, ThinkForex has launched an extra £1m insurance protection per client, underwritten by QBE Underwriting Limited and other participating syndicates at Lloyd’s of London.
In addition, to provide its UK clientele with a more localised offering, ThinkForex has just released their new spread betting offering on the MetaTrader 4 (MT4) trading platform.
ThinkForex has hired a strong, industry-experienced team in their new London office, which will service clients across Europe, the Middle East, Asia, and Latin America.
Faizan Anees, co-founder of ThinkForex, commented:
“We take the protection of retail traders very seriously, which is why we have launched our FCA-regulated London office alongside £1m insurance protection. The group has experienced strong growth across the APAC region, and we see a lot of opportunity to provide traders across Europe, the Middle East, Asia, and Latin America with our award-winning offering and client service.”
Stefan Lucas, Group Head of Marketing, said:
“Releasing £1m insurance protection and spread betting at the same time is a great way to penetrate the UK retail trading market. This is just the start of our upcoming product and technology releases, which we’re excited to release in the upcoming months.”
Nauman Anees, co-founder of ThinkForex, further mentioned:
“Our UK office will be a key building block in what promises to be a ground-breaking period for the group. We have also recently invested heavily in our next generation IT infrastructure in order to cater for our upcoming disruptive technology and product releases, with spread betting being only the beginning of things to come.”
To view the official announcement from ThinkForex UK, click here.