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• New office will give UAE investors access to over 10,000 markets
• 64% of UAE residents want to learn more about trading financial markets
Dubai - IG Group, the world's leading online trading company, announced today the launch of its UAE office in Dubai, marking the firm'sentry into the Middle East. Following successful regulatory approval from Dubai Financial Services Authority (DFSA), IG will offer retail investors in the region access to over 10,000 markets.
Coinciding with the launch of its Dubai office, IG commissioned research to assess the level of awareness of investing among UAE residents. According to a survey of 1,000residents conducted by YouGov, more than half (52%) of respondents said they make investment decisions themselves and just over a third (36%) said they currently have an investment portfolio. Nearly two thirds (64%) of UAE residents said they would be interested in learning more about how to trade the financial markets.
Commenting on the opening of IG's Dubai office, Peter Hetherington, Interim CEO of IG Group, said: "We are delighted to open our office in Dubai serving experienced investors in the UAE and the wider Middle East region.
"Dubai is a thriving hub 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. This year marks the 41st anniversary of IG and it is fitting that we are building our customer base in this growing and dynamic market."
The IG office at Al Fattan Currency House is purposely located in the heart of Dubai's financial district. The office will be open six days a week and will provide a range of seminars and education tools to clients and members of the UAE public. Experienced customer support will be on hand 24 hours a day.
KyprosZoumidou, Senior Executive Officer, IG UAE, andHead of the Dubai Office said: "We have established a great team here in Dubai. Quality of service andproduct innovation are thetwo pillars that have shaped IG's success over the last 40 years and we know this is very important to clients in the UAE. 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."
IG is part of IG Group Holdings Plc, a member of the UK's FTSE 250 with a market cap of $3.96 billion. IG has offices in 17 countries and over 136,100 active clients worldwide, and anet annual trading revenue of $666.53 million.IG is the leading provider of CFDs* in the world.
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About IG
IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets - including shares, indices, forex, commodities and binaries.
Established in 1974, IG's aim is to become the default choice for active traders globally. It is already an award-winning multi-platform trading company, the world's No.1 provider of CFDs* and a global leader in forex.
IG is publically listed on the London Stock Exchange (LSE) and is a constituent member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, US and now in the UAE.
*Based on revenue excluding FX, published financial statements, July 2014.
* Contracts for difference (CFDs) allow traders to open a contract for the difference in price of an asset, from the point of opening to the point it is closed.
CFDs are a leveraged product which comes with significant benefits and risks: investment capital can go further, but investors can also lose more than your initial deposit.
CFD trading allows traders to take a position on the future value of an asset based on whether they think it will go up or down. While this means the product is very flexible, it also requires a high level of risk management.
It's important to remember that clients are trading contracts with IG, not physically trading in the underlying market. This means they don't actually own any assets.
For further information, please contact:
GhadaRabah
Marketing Manager
IG; DIFC, UAE
Tel: +9714 5592030
Email: Ghada.rabah@IG.com
Ajith Henry or Jonathan Smith
ASDA'A Burson-Marsteller; Dubai, UAE
Tel: +9714 4507600
Email: ajith.henry@bm.com
© Press Release 2015
