FxPro, AtoZ Approved broker from the UK, has acquired a license of the DFSA in order to expand its market share in the GCC region. Following the FxPro Global Markets MENA soft launch, what can the local investors expect from FxPro's new operation?
13 November, AtoZForex – Last month, FxPro has acquired the trading license from the Dubai Financial Services Authority (DFSA). This news came amid FxPro preparations to open a new office in Dubai. To provide more insights on FxPro Global Markets MENA, our team has interviewed Edward Anderson, who got appointed to oversee the new operation in the UAE.
FxPro Global Markets MENA soft launch
FxPro is a UK-based brokerage that offers an opportunity to trade Contracts for Difference (CFDs) on 6 asset classes. It provides investors with an opportunity to trade CFDs on forex, futures, spot indices, shares, spot metals and spot energies. In terms of regulation, FxPro has the trading license from the UK financial regulator – Financial Conduct Authority. Furthermore, the broker is registered as a CIF with the Cypriot regulator, Cyprus Securities and Exchange Commission.
Mr. Anderson serves as FxPro's Chief Sales Office in the UK, London. For the new entity, he has been appointed as the Senior Executive Office to drive forward FxPro's UAE operations. According to Edward Anderson:
"FxPro is already familiar with the GCC market, but having acquired a regulatory license from the DFSA, FxPro now has a physical presence in the region to deliver our world class leading services to our clients. After acquiring the DFSA license in October, FxPro Global Markets MENA Ltd had its soft launch a week and a half ago."
Ahead of the official opening, FxPro has been recruiting and assembling the local team. Other operations include managing new client onboarding procedures and making sure that all the operations comply with the DSFA rules.
Edward Anderson Interview
AtoZForex.com's team has conducted an interview with Edward Anderson, in order to gain more insights about FxPro Global Markets MENA official launch and its plans in the GCC region.
Kristina Frunze: "When will FxPro Global Markets MENA announce it’s official opening?"
Edward Anderson: "Following FxPro Global Markets MENA Limited receiving its DFSA license in late October we decided to have a “soft launch” in the UAE. In the coming weeks, a formal announcement will be made from the Group to the market."
Kristina Frunze: "Edward, what is your role in the new UAE operation?"
Edward Anderson: "I am the Senior Executive Officer for FxPro Global Markets MENA Limited. I am responsible for the day-to-day management of the company, developing and implementing a growth strategy and working closely with stakeholders, employees, regulatory authorities, the public, partners and our clients to meet, and exceed, their expectations and needs."
Kristina Frunze: "As a trader, if I were to trade with FxPro Global Markets MENA what difference can I expect?"
Edward Anderson: "Aside from trading on, in my opinion, the best market conditions available in the industry clients will receive Negative Balance Protection as a part of their client agreement (no small print requirements), quality and certainty of execution, funds held locally, ease of withdrawal/deposit, a dedicated account manager and access to various unique tools to complement and assist their trading experience."
Kristina Frunze: "What are the KPIs of FxPro Global Markets MENA for the coming year?"
Edward Anderson: "Engaging with clients and partners to grow market share in the region whilst upholding our high ethical and moral standards."
Kristina Frunze: "Do you have additional comments or points that you want to share with our readers?"
Edward Anderson: "FxPro has a large client base in the GCC, developed over a number of years, without having a physical presence in the region. Now that FxPro Global Markets MENA Limited is operational in the DIFC, and regulated by the world-renowned DFSA, we are hopeful that clients in the region will gain first hand why FxPro has become a world-leading provider in online financial markets trading."
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