XTB MENA Launches Service, Starts to Onboard Clients

XTB, a Poland-listed 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 broker, has launched regulated services for clients in the Middle Eastern and North African (MENA) region after its local subsidiary received a license in Dubai.

According to the press release shared with Finance Magnates, XTB MENA Limited is 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 Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term xStation and industry-standard MetaTrader. However, the services to MENA clients will be available in both Arabic and English.

A Strategic Expansion

Commenting on the MENA launch, XTB’s Global CEO Omar Arnaout said: “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.”

XTB MENA received a category three license from the Dubai Financial Services Authority (DFSA) in July that paved the way for the Polish broker to enter the region. In addition, the broker group appointed Achraf Drid as the Managing Director of XTB MENA.

“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,” Drid added.

Furthermore, the Polish broker is expanding into other emerging markets and recently secured an operational license from the South African Financial Sector Conduct Authority (FSCA).