ThinkMarkets renews £1 mln additional customer protection scheme

ThinkMarkets renews £1 mln additional customer protection scheme

- in All News, Featured News, Forex Brokers

ThinkMarkets, a forex brokerage licensed in Australia and the UK, formerly known as ThinkForex, announced it has renewed its £1 million additional customer insurance protection.

As a holder of a forex brokerage license from UK’s Financial Conduct Authority (FCA), the company is required to offer its clients protection for at least £50 000 under the Financial Services Compensation Scheme (FSCS).

“We are proud to be able to call our comprehensive and additional offer of £1 million insurance protection the highest amount currently available in the UK market,” said Faizan Anees, co-founder of ThinkMarkets “We take security very seriously and is a clear demonstration that we continue to strive for excellence in client service.”

According to the media statement, the additional £1 million protection is for each client and only one other UK-regulated forex broker is offering the same sum.

Contenders in Canada offer CAD$ 1 million – from the Canadian Investor Protection Fund – and the Securities Investor Protection Corporation in the USA offer US$ 500 000.

Recently ThinkMarkets rebranded from ThinkForex. Along with that, the brokerage launched its proprietary trading platform ThinkTrader.

ThinkMarkets is a trading name of TF Global Markets (UK) Ltd., regulated by the UK Financial Conduct Authority (FCA), and TF Global Markets (Aust) Pty Ltd., licensed by the Australian Securities and Investments Commission (ASIC). The broker has offices in Australia, where it originated from, the UK, Australia, Chile, and the UAE.

The broker offers trading in forex, CFDs, energies and precious metals. Besides ThinkTrader, ThinkMarkets provides trading on the MetaTrader 4 (MT4) platform. The maximum leverage is 1:400 and the minimum operating balance (for Standard accounts) is 250. The broker offers individual, joint and corporate trading accounts.

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