IG Group Makes Its Foray into the Middle East

IG Group (LON:IGG) has officially launched its Dubai office after making its regional expansion plans public last year. This marks the second regulatory license received by the company in a new jurisdiction within a year after the broker obtained a Swiss banking license last September.

Commenting on the opening of IG’s Group’s (LON:IGG) Dubai office at the Al Fatan Currency House, the Interim CEO of IG Group, Peter Hetherington, said, “Dubai is a thriving Hub Hub A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method A hub as its name suggests describes the center of activity or a focal point. In terms of finance, the term hub can refer to Hub and Spoke Trading or a liquidity hub. However, the terms are not interchangeable, but they do overlap. Hub and Spoke trading refer to a network that posts bids and offers for an asset and therefore creates a real market. For example, Hub and Spoke trading allow traders to see the other submissions and offers from other traders on the platform. This is a popular method Read this Term for commerce and trade and given its geographic location, investors are in the perfect position to access a variety of markets in real time using our tried and tested online platform.”

The Dubai market has become a lucrative play for 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 and CFDs brokers, as the population of the UAE views taking their own investment decisions very favorably. IG Group (LON:IGG) has commissioned a research survey to YouGov to explore the sentiment on the local market, and according to the results, more than 52 percent of the respondents said they make investment decisions themselves.

About 36 percent of the 1,000 respondents to the questionnaire shared that they presently have an investment portfolio. UAE residents are also very keen to know more about investing, with 64 percent replying that they would be interested to learn how to trade on the financial markets.

The company has stated that its office will be operating six days a week with customer support services active 24 hours a day. The broker has committed to use its physical presence in Dubai to organize seminars and provide its clients with education tools.

The Senior Executive Officer of IG UAE and Head of the Dubai Office, Kypros Zoumidou, commented on the announcement, “Our research has shown that investors here are financially astute and have a desire to learn more about trading. Our office in Dubai will provide the best-in-class platform and assistance to those investors who want to learn and develop their trading skills.”