Demand for Regulated Forex Brokers Grows for UAE Investors
Trade247, a broker firm based in Dubai and regulated by the UAE’s Securities and Commodities Authority as well as the Financial Services Commission of Mauritius, has introduced its technology geared towards what it calls “complete multi-asset trading,” which covers forex, equities, indices, commodities, precious metals, energy products, and digital currencies, in which they identify the current trend of rapid growth. Operating on the authorization of both the UAE and Mauritius authorities, Trade247 provides a broader or additional aspect of safety to investors trading in public securities, as it comes at a time when there are growing concerns globally surrounding activities by unregulated and unlicensed forex brokers.
The use of trading systems and risk management tools such as Trade247 introduces the added safety of a regulated trading platform with comprehensive real-time visibility of the trading process from execution and risk management to cash flow. The system uses the highly utilized trading platform and method, MetaTrader 5 (MT5), that accesses different assets and enables access around the clock with advanced charting and algorithmic trading.
Trade247 Dubai’s launch is designed to be consistent with the more eminent financial strategy across the wider Dubai financial strategy of positioning Dubai as a global financial center with respect to new capital markets, fintech ventures, and innovations. Trade247 seeks to renovate its international economic definition and claim in public finance while creating a sign and statement of Dubai’s vision of employing indicators regarding the financial architecture for domestic and cross-border payments, as well as cash management.
In the United Arab Emirates, “investors are looking for platforms with security, variety, and trust,” indicates a financial consultant in Dubai. “Platforms that offer sufficient regulatory oversight, adequate product variety, and educational support are increasingly becoming the platforms of choice.” The platform caters to a range of investors, providing retail and professional accounts, swap-free Islamic accounts, and demo accounts for investors wanting to practice before committing actual funds. The platform deposits and withdrawals are processed quickly by bank transfer or card payment, typically within hours or the next business day.
The launch is in line with Dubai’s ambition to create world-class financial services and develop initiatives such as the Dubai International Financial Centre (DIFC) to provide the right environment for brokerages and fintech to flourish. With the increased interest in digital-first trading, especially by younger investors looking for new forms of diversification, the Greater Dubai area has become increasingly interested in cryptocurrencies, commodities, and indices.
Trade247 provides an ideal platform for ensuring the attraction of retail and sophisticated traders (heavily regulated, top-notch, and technology-heavy in its offerings). With its entry into Dubai, the firm is committed to offering a trusted and transparent trading environment that will further support the growth of the retail trading ecosystem within the UAE.
Also published on Medium.
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