Scope Markets, the retail forex brokerage firm, has grown its customer network access in the Middle East and North Africa (MENA) region by introducing specific services for the local community of traders. It includes rolling our of Arabic client services and Sharia accounts, along with a range of popular instruments ranging from gold through to providing access to regional equities.
Future Expansion
The company aims to provide personalized assistance and support to traders to ensure a smooth trading experience and has also built specialist teams for the region.
"Our goal in the next five years is to become the world’s leading trading and investment venue by bridging the gap between the complexity of the global financial ecosystem and the everyday consumer," Pavel Spirin, the Chief Executive Officer at Scope Markets, said. "The current and the future expansionary moves reflect this vision."
Apart from Scope Markets, several other brokers are also expanding their services in the MENA region. BDSwiss, Capital.com, and CFI are some of the names that had bolstered their presence in the regions with new licenses.
Last year, Scope Markets returned to China after it was acquired by Rostro Group. The broker, which faced regulatory hurdles and economic downturns leading to its exit from the country in 2021, appointed a new Managing Partner to oversee operations in China, Taiwan, Hong Kong, and the wider Asian region.
Seizing New Opportunities
Michael Ayres, the CEO of Rostro Group, expressed enthusiasm about reconnecting with clients in China. He mentioned: "We had built a loyal following in the country, so look forward to rekindling many of those strong relationships, as well as working with new clients, too."
Rostro Group's acquisition of Scope Markets marked a significant milestone in the brokerage firm's expansion strategy. The Belize-based entity, regulated by the International Financial Services Commission, fully operates under Rostro Group. It has a presence in multiple regions, including Cyprus, Kenya, and South Africa.
