ThinkMarkets Launches New Proprietary Trading Brand

ThinkMarkets has launched ThinkCapital, a new brand for proprietary (prop) trading. Although an official announcement is forthcoming, the ThinkCapital website has already gone online, indicating the broker's planned entry into this competitive market.

Growing Trend of Brokers Entering Prop Trading.

ThinkMarkets, based in Australia, has joined the ranks of FX and contract for difference (CFD) brokers venturing into prop trading. Brokers like as Axi, OANDA, and Hantec Markets started this trend, which has now spread to IC Markets, Traders Trust, and Trade.com.

IC Markets, for example, provides prop trading services via TC Systems FZE, a UAE-registered business that launched last month. ThinkCapital, like its contemporaries, offers simulated trading services and instructional tools rather than genuine market trading. Among the big companies, only Axi provides live market transactions to its funded traders, whilst OANDA executes trades based on risk management measures.

European Traders Welcomed

ThinkCapital's services are very comprehensive, accepting traders from most European nations except Croatia. However, like many other brokerage prop trading companies, it does not provide services to traders residing in the United States.

ThinkMarkets has a track record of assisting other prop trading firms with a variety of services, including asset pricing data, administrative dashboards, and CRM tools. ThinkMarkets also licenses its proprietary trading platform, ThinkTrader, to prop companies and formerly supplied a grey-labeled MetaTrader license. However, MetaTrader is no longer mentioned in today's offers to prop businesses.

ThinkCapital will first provide prop trading via MetaTrader 5, with the intention to add ThinkTrader in the future. The brand's website also mentions intentions to incorporate TradingView, which would enable traders to make trades right from the charts.

Access the ThinkMarkets to know more.