TF Global Markets (UK) Limited, the UK arm of ThinkMarkets,
has reported its financial results for the year ending 31 December 2024. The
company recorded a net loss for the year, attributed to a decrease in turnover
and a rise in administrative expenses.
Company Sees £9,722 Loss for 2024
The company’s turnover fell to £1.8 million, down from £2.4
million the previous year. Administrative expenses increased slightly,
resulting in an operating loss of £56,507, a reversal from the prior year’s
operating profit.
Interest receivable was maintained, but the company incurred
interest expenses, leading to a pre-tax loss. After accounting for a tax
credit, the company posted a final loss of £9,722, compared to a profit in
2023. No other comprehensive income was reported, and the total comprehensive
income for 2024 was also a loss of £9,722.
You may find it interesting at FinanceMagnates.com : ThinkMarkets
UK’s 2023 Profit Dived 71%: Client Acquisition and Deposits Boosted.
ThinkMarkets Launches Mobile Integration and Prop Trading
Services
TradingView
has expanded its integration with ThinkMarkets, now offering the broker’s
services on its mobile platform. This update improves accessibility for traders
who prefer mobile devices, as ThinkMarkets was previously only accessible via
desktop on TradingView.
With the new integration, ThinkMarkets clients can trade on
the go using TradingView’s mobile app, accessing CFDs on instruments such as
currency pairs, stocks, and commodities. The update provides added flexibility,
allowing users to operate directly from mobile devices.
In July, ThinkMarkets
and TradingView first partnered to enhance desktop trading. ThinkMarkets,
established in 2010, provides various assets and fast order execution, with
clients across 165 countries.
Additionally, ThinkMarkets
has launched prop trading services under ThinkCapital, offering simulated
trading and educational tools for traders. This move follows similar offerings
from brokers like Axi and OANDA, further expanding the range of services
available to traders.
This article was written by Tareq Sikder at www.financemagnates.com.
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