XTB Acquires Dubai License To Operate In The UAE & GCC
XTB MENA Acquires License To Operate In Dubai & The GCC
X-Trade Brokers (XTB) has acquired a new financial services license in the Near East & North Africa (MENA). After being given a category 3A license by the Dubai Financial Services Sureness (DFSA), XTB posterior begin providing FX and CFD trading services to clients in the Confederative Arab Emirates and the member states of the Disconnection Cooperation Council (GCC).
Global Development
In the beginning in 2021, the broker declared its intention to seek a license from the DFSA. XTB's president, Omar Arnaout, said in April, "We are identical close down to launching trading operations in the United Arab Emirates. We intend to start operating in this market in the initiative half of 2021."
Following the acquisition of the license, Omar issued another statement, "Today we have marked a same significant interpose continuing our global exploitation scheme by obtaining a DFSA license, which allows XTB to provide its services to clients in the MENA region. With the opening of our new office in DIFC, we will be able to build close relations with our clients by providing them with world-form technology and best-in-sort out support."
With this new certify, XTB MENA will offer section investors access to complete 1600 instruments, including forex, stocks, commodities and other CFDs. The proprietary xStation background and mobile platforms are being updated to run in Arabic and local customer service will be provided in both European country and Arabic.
About X-Trade Brokers
XTB was already a starring name in Continent forex and CFD trading, with stocks, indices, cryptos and commodities supporting a 2,000-strong asset list. These can completely be traded on either xStation or MetaTrader 4, one of the manufacture's nigh popular platforms, available on desktop, browser and mobile. The agent is listed on the Capital of Poland Stock Interchange (WSE) and 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 area, with reputable licenses from the CySEC, KNF and FCA. This latest addition to their arsenal is a big act on for the factor and demonstrates their plans for global expansion.
XTB is one of the largest stock exchange-listed FX &adenosine monophosphate; CFD brokers in the Earth, offering access to over 2000 instruments on their trading platforms.
73% of retail accounts lose money.
away DayTrading.com
Source: https://www.daytrading.com/xtb-mena-acquires-license-to-operate-in-dubai-and-the-gcc
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