Polish-headquartered broker, XTB, has made a act into the Asian trading market place by registering a new Dubai subsidiary. The pop forex broker has besides signed up for a license from the Dubai Financial Services Authority (DFSA). This is a logical side by side footstep for the tiptop-rated brokerage and is skillful news for traders in the region.
XTB Seeks DFSA License
A trading license from the DFSA not solely cements its position inwards the area, only as well provides legitimacy as well as security for novel clients. This latest regulatory approval volition follow licenses from the Republic of Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), too the Financial Supervision Authority (KNF) inwards Poland.
Upon approving, XTB will live able to offer a suite of forex together with CFD products to traders from the UAE, along amongst other GCC states, including Bahrain, Sultanate of Oman, Qatar, State of Kuwait, Kingdom of Saudi Arabia and North Africa.
Clients opening trading accounts with XTB will become peace of mind knowing the brokerage is abiding past the part’second regulatory conditions. It as well agency disgruntled traders volition take recourse channels should they work into withdrawal problems, for instance.
Who Are XTB?
XTB is an established broker in Europe, offer over 50 currency pairs, 1,500 CFD shares, along alongside commodities, ETFs together with pop cryptos, including Bitcoin. Users likewise become the broker’sec accolade-winning xStation platform that comes amongst a selection of features, from opinion oestrus maps and sound marketplace commentary to mobile too smartwatch connectivity.
The registration of its novel subsidiary, XTB MENA Limited, shows the companionship’second commitment to hit its 2021 increase targets, which include signing upwardly thirty,000 new traders each quarter. While clients inwards the region look confirmation from the regulator, the broker continues to ready its suite of assets and trading tools for prospective customers.