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AxiTrader launches new Dubai operation

Andrew Saks-McLeod, Head of Research and Analysis, ETX Capital

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.

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