Forex Broker Update - ThinkMarkets

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.

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