Exclusive: Sued ex employee hits back at “litigious disgruntled employer” ThinkMarkets
James Sorenson worked in various IT positions at ThinkMarkets, most recently as a Senior Network Architect, before moving to IS Group.
ThinkMarkets is a Retail FX and CFDs broker established as ThinkForex in 2010 by brothers Nauman and Faizan Anees in New Zealand. The company 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.
ThinkMarkets is doing about $75 million in annual revenues. The company is currently reportedly considering an IPO.
James Sorenson worked in various IT positions at ThinkMarkets, most recently as a Senior Network Architect, before moving to IS Group.
ThinkMarkets is expanding its product offering for cryptocurrency traders by adding 24/7 crypto CFD trading.
ThinkMarkets and ISAM are involved in another legal battle, stemming from ThinkMarkets’ 2017 sale of its B2B arm ThinkLiquidity to ISAM.
ThinkMarkets UK brought in Revenue of £3.90 million in 2019, up from £3.26 million the previous year.
EXMO claims to be the leading crypto exchange in Eastern Europe, and one of the world’s largest in terms of volume and liquidity.
ThinkMarkets will be charging a flat AUD $8 broking fee per trade for the new service, for trades up to $200,000 in value.
FNG has learned that 10-year-old Retail FX and CFD broker ThinkMarkets is in the latter planning stages for an initial public offering (IPO).