Ex-ADSS Executives Launch UAE-Based FX and CFDs Broker Traders’ Hub

Abu Dhabi-headquartered Traders’ Hub, a retail forex and contracts for differences (CFDs) broker, announced the launch of its services in the United Arab Emirates (UAE). The platform is offering trading services with more than 1,000 instruments of forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, indices, shares and exchange-traded funds (ETFs).

Traders’ Hub has been launched and helmed as CEO by Suhail Al Otaiba, who is the former Head of Strategic Client Coverage of Dubai-based broker ADSS. Additionally, the broker onboarded other former ADSS executives in key positions: Ahmed Al Katheeri as the Chief Operating Officer and Ahmed Ayoub as the Chief Business Development Officer.

“We are extremely proud to be launching a new online trading firm in the UAE,” CEO Al Otaiba said in a statement.

“Our goal is to become the investment house of choice for local and MENA region trading clients as well as provide the best trading environment for international expats and businesses in the UAE.”

A Licensed Broker

The broker is licensed by the UAE’s Securities and Commodities Authority (SCA), which allows it to offer OTC derivatives and currencies in the spot markets.

As seen on the broker’s website, It is offering three account types, based on the client deposits, and is offering trading services using MetaTrader 4 and MetaTrader 5, two popular third-party trading platforms developed by MetaQuotes.

“We have built our business around Traders’ Hub’s strong corporate values and hyper-focused vision to become the market leader in our field throughout the MENA region,” the CEO added. “Therefore, whatever your trading strategy, level of funding, or appetite for risk, we have a trading account that meets your needs and a multi-lingual client services team that will support you every step of the way.”