XTB Registers For DFSA License As It Expands Its Asian Footprint

XTB Registers For DFSA License As It Expands Its Asian Footmark

Refine-headquartered broker, XTB, has made a travel into the Asian trading market away registering a new Dubai subsidiary. The popular forex broker has likewise signed up for a license from the Dubai Financial Services Authority (DFSA). This is a logical next step for the acme-rated brokerage house and is good news for traders in the region.

XTB Seeks DFSA License

A trading license from the DFSA not just cements its position in the area, but also provides genuineness and security measures for new clients. This latest regulatory approval will follow licenses from the Cyprus Securities & Change Deputation (CySEC), the UK Financial Conduct Authority (FCA), and the Financial Supervision Sanction (KNF) in Republic of Poland.

Upon approval, XTB will be able to offer a suite of forex and CFD products to traders from the UAE, on with other GCC states, including Bahrain, Oman, Qatar, Koweit, Saudi Arabia and North Africa.

Clients opening trading accounts with XTB will get peace of mind knowing the brokerage is abiding by the region's regulatory conditions. It also means disgruntled traders will suffer recourse channels should they run into secession problems, for example.

Who Are XTB?

XTB is an established broker in Common Market, offering over 50 currency pairs, 1,500 CFD shares, along with commodities, ETFs and fashionable cryptos, including Bitcoin. Users likewise get the factor's award-winning xStation platform that comes with a selection of features, from sentiment heat maps and audio marketplace commentary to mobile and smartwatch connectivity.

What's Next?

The registration of its new subsidiary, XTB MENA Limited, shows the company's commitment to hitting its 2021 growth targets, which include signing up 30,000 new traders each quarter. Patc clients in the region await confirmation from the regulator, the agent continues to prepare its suite of assets and trading tools for prospective customers.

XTB is one of the largest stock exchange-catalogued FX &ere; CFD brokers in the world, offering access to over 2000 instruments on their trading platforms.

73% of retail accounts fall behind money.

January 10, 2021 by DayTrading.com