Key Insights
- ThinkMarkets has obtained regulatory license approval from Dubai Financial Services Authority to offer trading services in the UAE
- License allows onboarding of new clients in UAE and access to ThinkTrader platform with advanced tools for enhanced trading experience
- Approval aligns with ThinkMarkets’ broader strategy to expand global presence, having secured additional licenses in Japan, New Zealand recently
DUBAI, MarketsXplora – ThinkMarkets, a global multi-asset broker, has secured a license from the Dubai Financial Services Authority (DFSA) to offer its trading services in the United Arab Emirates, expanding the firm’s presence in the high-growth Middle East and North Africa region.
The DFSA license allows ThinkMarkets to onboard investors in the UAE and provide access to its “ThinkTrader” platform, equipped with advanced trading tools like market scanners, analysis centres and simulated training environments.
“The UAE and wider MENA region is a high-growth market, and this new licence will now enable us to onboard new clients from this area in a regulated and secure way,” said ThinkMarkets Co-CEO Faizan Anees.
ThinkMarkets has ramped up efforts to establish operations across the world, with the firm also recently securing regulatory nods from agencies in Japan and New Zealand among other markets.
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The company has additionally launched new offerings like its “ThinkCopy” copy trading platform as well as integrated artificial intelligence capabilities through a deal with Acuity Trading.
ThinkMarkets earlier added features to ThinkTrader like simultaneous tracking of multiple charts and easier view customisation through undo buttons in a technology collaboration with market data firm TradingView.
Dubai has emerged as a cryptocurrency hub, attracting digital asset companies with friendly regulations aimed to be a bridge between global markets and the blockchain industry.