London-based ThinkMarkets, a multi-asset online trading firm, announced on Friday that it closed a $30M (approx €26.45M) funding package from Mars Growth, a Liquidity Group and MUFG joint venture fund.
In a statement, ThinkMarkets says that the funding package was completed using Liquidity Group’s artificial intelligence platform, Liquidity Analytics, and was introduced to ThinkMarkets by Singapore-based ARC Investments.
What does ThinkMarkets offer?
Founded in 2010 by Faizan Anees and Nauman Anees, ThinkMarkets (previously ThinkForex) is a multi-asset online trading firm that allows access to a wide range of markets including forex, CFDs on equities, cryptocurrencies, commodities, indices, futures, and more.
The company claims that its technology provides the ‘best’ pricing and execution speed, and delivers premium service to traders throughout their trading journey. ThinkMarkets maintains competitive trading conditions including tight spreads, low to zero commissions, and a range of account types suited to the needs of specific clients.
With headquarters in London and Melbourne, and hubs in Asia, the Middle East, North Africa, Europe, and Japan, ThinkMarkets provides global market access to individual and institutional investors all over the world. The company is recognised by trusted financial regulatory bodies including the FCA, FSCA and ASIC.
On its website, the company mentions that in the unlikely event of default, the UK’s Financial Services Compensation Scheme protects clients up to a threshold of £85K. For clients whose assets exceed the FSCS’s threshold, ThinkMarkets has purchased Excess of FSCS Insurance – an innovative product that provides investors protection and compensation rights. This individually covers funds up to £1M as standard.
ThinkMarkets claims that the funds will enable it to rapidly grow across existing new business initiatives in 2022.
Nauman Anees, co-founder and CEO of ThinkMarkets, says, “Our exceptional growth in recent years has been underpinned by a significant increase in products available on our multi-asset trading platform. Our ambitions to continue to rapidly scale are entrenched in strong geographical expansion plans and new product developments to benefit our client’s trading and wealth management needs in an increasingly borderless investing world. This funding package gives our business the liquidity to scale rapidly in line with our business growth objectives.”