Australia / UK based Retail FX and CFD broker ThinkMarkets has announced that it has added share investing for its Australian client base. ThinkMarkets’ Australian clients can now access thousands of shares listed on the ASX and CHI-X exchanges.

The company will be charging a flat AUD $8 broking fee per trade for the new service, for trades up to $200,000 in value. Trades above $200,000 will be subject to a fee of 0.05% of trade value (for a $200,000 trade that works out to a $100 fee).

We had reported exclusively back in late July that ThinkMarkets is in the midst of making preparations for an IPO, likely to take place in Australia, which could value the company at about $300 million and could raise in the neighborhood of $100 million.

ThinkForex was established in 2010 by brothers Nauman and Faizan Anees in New Zealand, and relocated its headquarters to Australia upon obtaining ASIC regulation in 2012. ThinkForex rebranded as ThinkMarkets in 2016. The company has dual headquarters in Melbourne and London, where ThinkMarkets set up its FCA-licensed subsidiary TF Global Markets (UK) Limited in 2015. The firm also has a licensed subsidiary in South Africa, established in 2019. ThinkMarkets offers trading on its proprietary ThinkTrader platform, as well as MT4 and MT5.