- XTB, one of the largest stock exchange-listed FX & CFD brokers in the world, which generated over USD 100 million net profit in 2020, offers technology-backed, customer-first approach to provide an authentic one-of-a-kind trading experience.
- XTB has offices in over 13 countries including UK, Poland, Germany, France, Chile and the UAE, and is regulated by some of the world’s biggest supervision authorities including FCA , KNF, CySec and Dubai Financial Services Authority regionally.
Dubai, UAE: XTB, a leading global stock exchange-listed FX and CFD broker with more than 16 years of multi market experience and trusted by over 352,000 clients globally, is taking the online trading experience up a notch for investors in the Middle East, with their technology-backed, customer-first and secure trading solutions.
XTB MENA Limited (“XTB MENA”), a local XTB subsidiary based in the Dubai International Financial Centre (DIFC), will provide full investing potential for clients from the MENA region. Clients from the MENA region will have access to over 1900 instruments including Forex and CFDs, available through both the award winning xStation and xStation Mobile trading platforms, and popular MetaTrader. All the trading platforms will be available in both English and Arabic, similarly to the customer service which will be offered in line with the highest XTB’s global support standards.
“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,” said Omar Arnaout, Global CEO of XTB
Upholding highest regulatory standards
XTB MENA is authorised and regulated by the Dubai Financial Services Authority (DFSA). It operates under a Category 3A license and holds a Retail and Client Assets Endorsement enabling the Firm to hold or control Client Money. At XTB MENA, clients’ funds will be held with a reputable bank in the UAE in a segregated client bank account in accordance with the DFSA client money rules. Trust being one of the chief fundamentals of XTB’s fabric, offering the highest level of security is paramount to the success of the clients as well as the company.
“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,” added Achraf Drid, Managing Director of XTB MENA.
Technology leadership
Driven by the vision to become an investment one-stop-shop for its clients, XTB MENA seamlessly blends technology with a customer-focused approach to create a unique trading experience. XTB MENA offers their in-house developed award-winning trading platform xStation to clients, designed to deliver results and offer superior execution speed.
The key features that distinguish xStation platform is the access to professional analytical tools, such as trader’s calculator, performance statistics, charts, choice of thousands instruments including, CFDs for FX, indices, commodities and stocks from around the world, and the intuitive, fully customizable design that helps manage the investment process as a whole. Clients from the MENA region will also have the option to utilize another globally popular trading platform offered by XTB – the MetaTrader 4 (MT4).
Opening the door to world of trading
XTB is globally known for its exceptional focus on educating their clients, whether novice traders wanting to step into the world of trading or professionals seeking to expand their investment portfolios. The XTB Academy hosts a number of online trading courses, sessions and tutorials, bifurcated by level of expertise and focused topics, to encourage clients to learn how to trade and acquire relevant knowledge to make well-informed trading decisions. All the training materials are available in English for our MENA clients and are prepared not only by XTB specialists but also by some of the world's most renowned financial market specialists.
In addition to providing clients with all the tools needed to educate themselves about the financial markets, XTB MENA support team is available 24/5 to help resolve client queries throughout their trading journey, making sure they have the best experience and help whenever required via email (sales@xtb.ae), phone and live chat.
-Ends-
Please Note:
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you.
XTB MENA is a company incorporated in the Dubai International Financial Centre (“DIFC”), Unit 1204, Index Tower, Happiness Street, DIFC, Dubai, United Arab Emirates and regulated by the Dubai Financial Services Authority (“DFSA”) under reference No. F006316.
XTB MENA is a subsidiary of X–Trade Brokers DM SA which is a listed entity on the Warsaw Stock Exchange (WSE: XTB).
XTB MENA does not provide advice and is not a financial advisor. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice
For media enquiries please contact:
Abdelhadi Laabi, Marketing Director, XTB MENA Limited
abdelhadi.laabi@xtb.ae | +971 50 317 9974
Safa Mansouri, Engagement Executive, Katch International
safa@katchthis.com | +971 50 926 5882
Orla Farmer, PR Account Manager, Katch International
orla@katchthis.com | +971 58 513 4224
Miriam Okumu, Engagement Director, Katch International
miriam@katchthis.com | +971 58 136 9264
About XTB GROUP
XTB Group consists of companies with one of the largest stock exchange-listed FX & CFD brokers in the world. XTB Group has entities regulated by the world's biggest supervision authorities including the FCA, CySEC and KNF. With more than 16 years of experience, XTB Group provides retail traders instant access to hundreds of global markets. XTB is a fintech company based on trust, technology and support. Since 2004, XTB Group has expanded to 12 major markets in Europe, Latin America and Asia attracting over 352,000 clients. In 2021, XTB Group received licenses to operate in UAE and South Africa. Operating company’s own award-winning xStation and xStation Mobile platforms, the entities of XTB Group offer over 5400 instruments including real stocks, real ETFs and CFDs on forex, indices, commodities, stocks, ETFs and cryptocurrencies. Through X-Open Hub, XTB provides leading technologies for financial institutions from around the world. Find out more at www.xtb.com
© Press Release 2021
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