ThinkMarkets, an Australian-based online broker, has expanded its influence in the Asia Pacific Accreditation Cooperation (APAC) region with the launch of a new branch in New Zealand. The establishment of this new entity has received regulatory approval from the New Zealand Financial Markets Authority (FMA).

As per the information available on the official ThinkMarkets website, the New Zealand entity aims to provide residents of New Zealand with access to a variety of derivative contracts. This will enable them to trade more than 4,000 different financial instruments on the trading platform.

This expansion into New Zealand comes on the heels of ThinkMarkets' introduction of forex trading services in Japan in 2022. In this move, the broker acquired Japan Affiliate, a forex trading company based in Japan, and set up a branch office in Tokyo.

The recent expansion is a result of a $30 million funding round conducted in early 2022, which allowed ThinkMarkets to extend its trading platform and services to multiple global industrial jurisdictions. The funding was secured through a joint venture between Mars Growth and MUFG.

Nauman Anees, the CEO and Co-Founder of ThinkMarkets, expressed his commitment to the company's global expansion efforts, saying, "Following our successful venture in Japan in 2022, ThinkMarkets is dedicated to extending its services to regulated markets worldwide with the award-winning ThinkTrader trading platform."

Furthermore, ThinkMarkets has also made enhancements to its in-house trading platform, ThinkTrader Web, and introduced new security features in February.

These improvements are designed to increase the reach of the trading platform and empower users to identify fraudulent calls, a prevalent issue in today's environment.