Exclusive: ThinkMarkets UK revenue up 13% in 2020, but client assets decline

FNG Exclusive… FNG has learned via regulatory filings that TF Global Markets (UK) Limited, the FCA-regulated arm of Australia-UK Retail FX broker ThinkMarkets, saw a double digit percent rise in Revenues for the second consecutive year. After a 20% increase in 2019, Revenues at ThinkMarkets UK were up 13% in 2020, at £4.4 million.

Profits, however, were down slightly from last year at £279,000 (2019: £430,000).

And all-important client assets were also down, by 13%, totaling £4.7 million as at year-end 2020, versus £5.4 million in 2019.

Revenues at entities like ThinkMarkets UK – which just pass on actual execution of trades to a parent company elsewhere, in this case to TF Global Markets (Aust) Pty in Australia – are essentially management fees earned from the executing parent company in return for brokering the trade and holding client assets. But they are generally indicative of overall client activity.

ThinkMarkets recently established an institutional services and liquidity arm called – appropriately – Liquidity.net, under its TF Global Markets (UK) Limited FCA license.

ThinkForex was established in 2010 by brothers Nauman and Faizan Anees in New Zealand, and relocated its headquarters to Australia upon obtaining ASIC licensing in 2012. ThinkForex rebranded as ThinkMarkets in 2016. The company has dual headquarters in Melbourne and London, where ThinkMarkets set up its FCA-licensed subsidiary TF Global Markets (UK) Limited in 2015. The firm also has a licensed subsidiary in South Africa, established in 2019. ThinkMarkets offers trading on its proprietary ThinkTrader platform, as well as MT4 and MT5.

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