Thinkmarkets backtrack on regulatory claim – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

Log In

Reset Password
BERMUDA | RSS PODCAST

Thinkmarkets backtrack on regulatory claim

Bermuda’s financial services regulator today denied they had issued a licence to ThinkMarkets companies, the global online brokerage group.

The Bermuda Monetary Authority said ThinkMarkets issued a press release on 17 August in which it falsely claimed to have a BMA issued licence.

An Authority media release said it contacted ThinkMarkets about this false claim and were advised that the statement was made in error and that instead, it should have stated that it had been issued a licence by the Cayman Islands Monetary Authority.

The Authority said today that it wished to acknowledge the efforts made by ThinkMarkets to have this error corrected, after they issued the revised press release on 21 August 2021.

The BMA said: “This warning has been issued to correct the public record and to ensure that no members of the public remain confused by the error contained in the original press release.”

Established in 2010, ThinkMarkets is a premium multi-asset online brokerage with headquarters in London and Melbourne and hubs in the Asia-Pacific, Middle East and North Africa, Europe and South America.

It seeks to provide quick and easy access to a wide range of markets including forex, CFDs on equities, cryptocurrencies, commodities, indices, futures and more.

Bermuda Monetary Authority clarified they had issued no licence to ThinkMarkets (File photograph)

You must be Registered or to post comment or to vote.

Published September 08, 2021 at 7:59 am (Updated September 08, 2021 at 7:59 am)

Thinkmarkets backtrack on regulatory claim

What you
Need to
Know
1. For a smooth experience with our commenting system we recommend that you use Internet Explorer 10 or higher, Firefox or Chrome Browsers. Additionally please clear both your browser's cache and cookies - How do I clear my cache and cookies?
2. Please respect the use of this community forum and its users.
3. Any poster that insults, threatens or verbally abuses another member, uses defamatory language, or deliberately disrupts discussions will be banned.
4. Users who violate the Terms of Service or any commenting rules will be banned.
5. Please stay on topic. "Trolling" to incite emotional responses and disrupt conversations will be deleted.
6. To understand further what is and isn't allowed and the actions we may take, please read our Terms of Service
7. To report breaches of the Terms of Service use the flag icon