Australia-headquartered ThinkMarkets, a multi-regulated and multi-asset broker, has expanded its services for retail traders with the addition of South African shares and exchange-traded funds (ETFs) to its offerings.
Announced on Tuesday, the brokerage will offer more than 700 JSE-listed company stocks and ETFs to its South African client base for trading.
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This will be an addition to the brokerage’s existing product line of thousands of share CFDs, along with other investment instruments of forex, indices, commodities, and cryptocurrencies.
“We are strongly committed to delivering a unique and valuable proposition to our clients in South Africa,” said Nauman Anees, ThinkMarkets’ co-founder and chief executive. “With the launch of our share trading offering, our customers will finally be able to invest in the stocks of local heavyweights like Naspers, Anglo-American, Gold Fields, and many others.”
Strengthening Regional Operations
ThinkMarkets’ commenced its South African operations in mid-2019 with offerings of both local and international investment products. For the new offerings, it will charge a brokerage rate of 0.25 percent with a minimum of 30 rands for trading the South African shares and ETFs.
“The unique feature set of ThinkTrader is tailored with the retail investor in mind. We are proud of the quality of the platform we provide to our clients and have the confidence that the South African stock market is ripe to join in the trend of low-commission trading, just like the largest stock markets worldwide,” Anees added.
With operations across the globe, ThinkMarkets continues to enter new markets and territories. Recently, it opened an office in Tokyo and acquired local forex firm Japan Affiliate, which will allow it to start operations in the country.
“We firmly believe in helping clients achieve wealth creation and have created an offering for clients to invest smarter in one of the best-performing markets in the world,” ThinkMarkets’ South African regional director, Ridwaan Moola, added.
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