The UK arm of Australia-based retail forex broker ThinkMarkets has reported its financial results for 2015, showing a nice rise in Revenues in 2015 – the company’s first full year of operations in the UK – as well as a net profit for the year.
Revenues at TF Global Markets (UK) Limited, the FCA-regulated subsidiary of ThinkMarkets, came in at £1.25 million in 2015, and net profit was £136,000.
ThinkMarkets was launched originally in New Zealand in 2010. ThinkMarkets (then known as ThinkForex) relocated its headquarters to Australia in 2012 receiving ASIC licensing. ThinkForex expanded to the UK setting up TF Global Markets (UK) Limited in mid 2014, received FCA licensing in early 2015, and began accepting clients about a year ago. So the Revenue results are really just for about four months.
A lot has happened since the end of 2015 at the company. ThinkForex rebranded globally as ThinkMarkets earlier this summer and launched its own proprietary multi-asset trading platform. The company continues to strengthen its UK management team, recently adding former ETX Capital executive Joe Rundle as Director of Trading, as the company looks to build out its UK trading floor and in-house risk management capabilities.
ThinkMarkets UK 2015 Income Statement:
