XTB Acquires Dubai License To Operate In The UAE & GCC - blackshoutheasken
XTB MENA Acquires License To Mesh In Dubai & The GCC
X-Trade Brokers (XTB) has noninheritable a new commercial enterprise services license in the Middle East & North Africa (MENA). After being granted a class 3A permission by the Dubai Financial Services Agency (DFSA), XTB backside begin providing FX and CFD trading services to clients in the United Arab Emirates and the member states of the Gulf Cooperation Council (GCC).
Worldwide Development
Earlier in 2021, the broker stated its intention to seek a license from the DFSA. XTB's chair, Omar Arnaout, said in April, "We are very close to launching operations in the United Arab Emirates. We intend to start operating in this market in the first half of 2021."
Following the acquisition of the permit, Omar issued other statement, "Today we have marked a rattling significant step in continued our global development strategy by obtaining a DFSA license, which allows XTB to propose its services to clients in the MENA region. With the opening of our fresh office in DIFC, we will embody able-bodied to build close relations with our clients by providing them with foremost engineering and best-in-class endure."
With this novel license, XTB MENA will offer local investors access to over 1600 instruments, including forex, stocks, commodities and other CFDs. The proprietary xStation screen background and nomadic platforms are being updated to run in Arabic and local client service will be provided in some West Germanic and Arabic.
About X-Trade Brokers
XTB was already a leading name in European forex and CFD trading, with stocks, indices, cryptos and commodities supporting a 2,000-knockout asset list. These dismiss all be listed along either xStation or MetaTrader 4, one of the industry's all but popular platforms, addressable happening desktop, web browser and mobile. The broker is listed on the Warsaw Securities market (WSE) and South Korean won the #1 spot of EMEA Bloomberg for forex accuracy in Q3 2018 and Q2 2020.
XTB already has a strong client base throughout the EMEA economic domain, with well-thought-of licenses from the CySEC, KNF and FCA. This latest addition to their arsenal is a big locomote for the broker and demonstrates their plans for global expansion.
XTB is one of the largest broth exchange-listed FX & CFD brokers in the world, offering get at to over 2000 instruments on their trading platforms.
73% of retail accounts drop off money.
by DayTrading.com
Source: https://www.daytrading.com/xtb-mena-acquires-license-to-operate-in-dubai-and-the-gcc
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