ATFX has become the latest trading services provider to broaden its footprint in the Middle East. It recently announced about a partnership with ASWAQ Invest, a brokerage and investment firm based in Amman, Jordan.
Further, the forex and CFDs broker has opened a new office in Jordan, aiming to expand its services to the Levant region.
“The past few years have seen Jordan re-emerging as a strong financial center in the region to establish a robust regulatory framework under the JSC. This has led to further stabilization of the trading environment resulting in a safer and secure marketplace for traders,” the Chairman of ATFX, Joe Li, said in a statement.
“In keeping with our continuous growth into regulated markets and focusing on providing our traders with real value and trading security, we are pleased to be a part of this strong framework and environment.”
ATFX offers trading services with licenses in several jurisdictions: it holds permissions from the regulators in the United Kingdom, Cyprus, Mauritius and Saint Vincent and the Grenadines.
With the latest partnership with ASWAQ Invest, the brokerage’s services came under the purview of the Jordan Securities Commission (JSC).
The expansion into Jordan came after the broker revealed that it closed the first quarter of 2022 with a trading volume of more than $400 billion. In addition, it reported that the number of active traders on its platform jumped by eight percent quarter-over-quarter.
Jordan: An Emerging FX Market?
Meanwhile, ATFX is not the only broker to strengthen its presence in Jordan. Several other brokers also opened branches in the country and made key appointments for expansion in the region.
Earlier in 2020, ICM.com entered Jordan by inking a partnership deal with ASWAQ Invest, Finance Magnates reported.
