AxiTrader launches new Dubai operation

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

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

Institutional FX

Eurex reports mixed volumes for November 2022

Deutsche Börse’s derivatives-focused exchange, Eurex today said its total traded derivatives contracts grew by 10 percent in November, from 68.6 million to 75.3 million compared to the same month last year.

Digital Assets

AAX’s Nigerian customers storm local office amid withdrawal halt

According to the Nigerian media, angry consumers of the troubled crypto exchange AAX had stormed its local office hoping they can get their money back after the firm halted operations earlier in November.

Digital Assets

As SPAC bubble bursts, Circle terminates its $9 billion merger with Concord

USDC stablecoin issuer, Circle has terminated its planned $9 billion SPAC merger with publicly traded blank-check company Concord Acquisition Corp.

Institutional FX

Integral reports lowest FX volume in two years

Foreign exchange trading volumes dropped in November across Integral’s trading platforms as currency markets saw a relatively quiet period after consecutive months of strong trading activity.


CDEX: Avelacom announces connectivity to Cboe Europe Derivatives

“We anticipate that many of our customers from Asia will be particularly interested in getting exposure to pan-European products via just one venue, which CEDX offers.”

Retail FX

BUX acquires Spanish Ninety Nine’s retail brokerage unit

“Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by BUX, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the BUX Savings Plan.”

Digital Assets

SEBA and HashKey partner to expand crypto in Hong Kong and Switzerland

SEBA Bank AG has announced a new strategic partnership with HashKey Digital Asset Group as part of both firm’s expansion efforts in Hong Kong SAR. 

Executive Moves

Broadridge appoints Martin Koopman as Chief Product Officer

“Martin has a proven record of driving product innovation both at Broadridge and at previous companies. His vision and proven ability to execute will be invaluable as we become the foremost SaaS provider to the financial services industry.”

Digital Assets

DAM rolls out Moonwalkers v1 testnet ahead of support for yield-generating collateral

“We want to champion innovation by making it easier to securely direct stablecoin liquidity away from Ethereum towards newer networks without the constant vulnerabilities posed by bridges. d20 will help accelerate the adoption flywheel of emerging networks, and this is our first step towards making our omnichain promise a reality.”