X-Trade Brokers(XTB), a leading UK FX & CFD broker, announced that its subsidiary XTB MENA Limited has rolled out regulated services for clients in the Middle Eastern and North African (MENA) region.
The operation came after the broker secured a category three license from the Dubai Financial Services Authority (DFSA) in July this year. The local branch is now offering clients in the region trading services with more than 1900 instruments of forex and CFDs of other asset classes.
The services will be similar to XTB’s global offerings as it is offering services on proprietary trading platform xStation and industry-standard MetaTrader. However, the services to MENA clients will be available in both Arabic and English.
"XTB MENA plays a strategically significant role in our overall global development strategy. The absolute trust of our clients is paramount to the business, and we are extremely proud to operate under the multiple regulatory authorities within the region and globally, providing a secure online trading experience to our clients regionally as well as globally. With XTB MENA, we aim to provide a local outlet to our clients in the MENA region to enhance trust, while providing superior technology-backed solutions and support to help them achieve their investment goals. Through our regional office, our clients will have access to trade multiple CFDs stocks to expand their portfolio and educational support to make informed decisions," commented Omar Arnaout, XTB's Global CEO.