As a regulated forex broker, ThinkMarkets is regularly audited. Therefore, brokers with trading access to more than 1500 stocks always maintain their service standards to always provide the best to clients.
So in 2021, ThinkMarkets encourages their clients to transfer accounts to a new regulated entity, TF Global Markets Int Ltd.
ThinkMarkets Launches Account Migration Option For Clients
ThinkMarkets' clients can now migrate accounts to ThinkMarkets entities regulated by the Seychelles FSA (Financial Services Authority), a Financial Services Authority in the island nation of Seychelles.
ThinkMarkets offers the option of migrating automatically when clients log in to the ThinkPortal page. Clients can choose the option to migrate at any time in the future.
However, this change certainly does not affect the client's rebate structure or CPA. Open positions, account balances, and equity will continue as usual, even if clients switch accounts.
Clients trading with this entity will not be affected by the ASIC Product Intervention Order, which took effect on March 29th. Therefore, ThinkMarkets clients can still maintain their leverage up to 500:1.
The ASIS Product Prevention Order is a policy that enforces provisions regarding the distribution of CFD contracts to retail clients.
ASIC Orders work to strengthen consumer protection by reducing retail client CFD leverage while also targeting CFD product features and sales practices that magnify retail client CFD losses. These rules bring Australian regulations into line with other rules that apply around the world.
For more information, clients can contact their account manager or write an e-mail to ThinkMarkets.