ThinkMarkets announced the launch of a subsidiary in New Zealand to expand its range of instruments in the FMA-regulated Asia-Pacific (APAC) region.

ThinkMarkets, an Australia-based multi-asset online broker, has strengthened its presence in the APAC (Asia Pacific Accreditation Cooperation) region by launching a new corporate branch in New Zealand. The new entity has been regulated by the New Zealand Financial Markets Authority (FMA).

ThinkMarkets

According to the ThinkMarkets official website, the entity in New Zealand is to make differential contracts available to New Zealand residents to trade more than 4,000 trading instruments on the trading platform.

The launch of ThinkMarkets in New Zealand comes after introducing forex trading services in Japan in 2022. The broker acquires Japan Affiliate, a forex trading company from Japan, and establishes a branch office in Tokyo.

The recent expansion follows a $30 funding round in early 2022, extending its trading platform and services to various global industrial jurisdictions. The funding came from Mars Growth in Liquidity Group and MUFG as a joint venture fund.

CEO and Co-Founder Nauman Anees commented, "After the resounding success in Japan in 2022, ThinkMarkets remains committed to expanding its services to regulated markets worldwide with the award-winning ThinkTrader trading platform."

On the other hand, ThinkMarkets has improved its internal trading platform, ThinkTrader Web, and released new security features in February. The improvement is to extend the reach of its trading platform and allow users to detect fake calls that are rife today.