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FxPro Relocates to Dubai in MENA Market Dash
Source:https://www.financemagnates.com/forex/fxpro-relocates-to-dubai-in-mena-market-dash/ | Author:finance-102 | Date2023-08-25 | 218 Views | Share:
Recently, Moneta Markets and Plus500 got licensed in Dubai.
Zenfinix, TrioMarkets and Scope Markets also strengthened their MENA teams.

Two months after unveiling its new Dubai office, FxPro, a forex and contracts for difference (CFD) broker 

regulated in the UK, Cyprus and South Africa, has finally relocated to the United Arab Emirates (UAE). The 

company announced the move today (Thursday), noting that the action is part of an ongoing commitment 

to expand its business operations in the Middle East and North Africa (MENA) region.


FxPro Catches the MENA Wave


When FxPro first announced the opening of its Dubai office earlier in June, the online trading provider noted 

that it decided on the move to bring its services closer to retail and institutional clients in the region. Last year, 

FxPro also opened a representative office in Dubai, which is the global city and business hub of the Middle East.


“We are excited about the move to our new office in Dubai,” Elsy Rayess, FxPro's Head of Business Development, 

said in a statement. “This location positions us at the heart of the region's financial hub, allowing us to serve our 

customers more efficiently.”


In June, FxPro made a range of 28 crypto CFDs, including Bitcoin, Ether and XRP, available on its platform all day 

long, every day. It also announced a reduction in spreads on the new instruments.


As early as 2021, the broker made it possible for its traders to manage their crypto CFD positions on weekends. Yet, 

the FxPro wants more and plans to expand its offerings in addition to a new range of account types.

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