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ThinkMarkets Obtains DFSA License for UAE Expansion
The leading multi-asset trading provider ThinkMarkets has acquired authorization from the Dubai Financial Services Authority (DFSA) to operate in the United Arab Emirates (UAE).
With the new license, ThinkMarkets will be able to recruit clients in the UAE and offer local clients a suite of advanced trading tools embedded in the ThinkTrader proprietary trading platform.
ThinkMarkets has stopped providing services to U.S. clients of prop trading firms since Feb. 23, due to the country’s tighter regulations on the prop trading industry.
“Our new DFSA license will help better serve our customer base, while also helping extend ThinkMarkets’ presence into new, strategic markets in the region,” said ThinkMarkets Co-CEO and Co-Founder, Faizan Anees. The company is developing plans to expand in the UAE and the wider MENA region.
ThinkMarkets is aiming for global expansion. Last year, the company opened a new branch in New Zealand as it looks to grow its business in the Asia-Pacific region.
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