AxiTrader launches new Dubai operation

New location and DFSA license provide a platform for Middle East growth

Nasdaq Dubai leads the world in sharia compliant securities

Global FX broker AxiTrader has announced the official opening of its new office in Dubai. Combined with a DFSA (Dubai Financial Services Authority) license and fully staffed by a dedicated local team, the company is well positioned to continue its strong recent growth in the Middle East region.

The launch of this latest operation, based in the Dubai International Financial Centre, is a sign of AxiTrader’s willingness to continue investing in local offices in key and developing markets.

“This isn’t just some satellite office to make the company look good on paper”, says Rajesh Yohannan, Chief Executive Officer at AxiCorp Financial. “The idea behind investing in the new space was to ensure we have a very real and ongoing presence in the region – one that’s fully licensed and fully staffed.

“One of the really compelling things about trading these days is that you can do it online from anywhere, but there’s still something special about having a place where you can showcase the best of what you do and customers can actually come and get a feel for what you’re about.

“We’re hitting the ground running with a series of free trading workshops and there’ll be plenty more to come, with things like seminars and trading education events aimed at helping our clients become better and more successful traders. This is something our team has been building towards for a while so we’re excited the time has finally arrived,” Yohannan said.

Opening with a team of combined local and some technical and market experts seconded from other parts of the business – AxiTrader Dubai will offer the full AxiTrader experience, catering to clients in both Arabic and English.

As well as the more traditional FX and CFD offerings upon which the company has built its reputation globally, traders will also be able to access a selection of new cryptocurrencies and Cash CFDs at industry-leading rates, plus take advantage of a technology partnership with the world-leading PsyQuation trading platform.

“We’re very confident that we’ve got the right mix of products, ultra-competitive prices, new technology and award-winning service to be the first choice for any trader,” Yohannan said.

Read this next

Retail FX

CySEC slaps €150,000 fine on FXBFI, operator of 101investing brand

The Cyprus Securities and Exchange Commission (CySEC) today announced that it has reached a settlement with FXBFI Broker Financial Invest Ltd, trading as 101investing, ordering the firm to pay €150,000 for violating the Investment Services and Activities and Regulated Markets Law.

Retail FX

X Open Hub expands multi-asset offering with new cryptocurrencies and indices

X Open Hub, a multi-asset liquidity provider, announced today that it has extended its offering with inclusion of 30 new cryptocurrencies and two emerging market indices.

Retail FX

Interactive Brokers now offers 24/7 access to crypto trading

Interactive Brokers Group, Inc. (NASDAQ: IBKR) has widened access to cryptocurrency trading for its clients. Specifically, the discount broker extended trading hours for its cryptocurrency products to be traded 24/7, including on the weekends.

Inside View

Natural Language Generation for Multi-Language Social Media Strategies 

Natural Language Generation (NLG) is a crucial growth area in the digital landscape, with the unique potential to be used across multiple industries.

Market News, Technology

The B2Core Android App is Now Available For Download

The first version of the B2Core Android app is available for download, and it has many beneficial features for users.

Digital Assets

XBO taps custodian Fireblocks ahead of crypto exchange’s launch

XBO.com has integrated with digital asset and crypto technology platform Fireblocks ahead of the crypto exchange’s upcoming launch.

Industry News

Appital raises another £1.7m after integrating with FactSet, FlexTrade, and TS Imagine

“Appital has a proven track record in securing partnerships with major EMS providers, executing brokers and a trading venue to address the lack of efficiency and control over existing bookbuilding and deal distribution processes.”

Digital Assets

Tim Draper backs crypto-focused asset manager OSD in seed round

“The Old Street Digital team is well-positioned to provide access to a range of research-backed, crypto-based investment funds, and we at Draper Associates are excited to support them.”

Industry News

Swissquote launches mobile payments app TWINT

Swissquote has announced the launch of its own TWINT mobile payment app, effective today.

<