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FxPro gets Dubai license, to open office there – media

Oct 11 2017
By
Jonathan Smith

FxPro, a well-established European forex and CFD broker, has obtained a license from the Dubai Financial Services Authority (DFSA) and will open an office in Dubai shortly, reports LeapRate.

 

According to the report, FxPro is planning to set up something more of a mere office in Dubai to serve its clients in the United Arab Emirates, where it already has a well-established presence and would move there some of its main operations, such as payments.

 

It is expected that the official announcement on the new license will be made by the end of this month.

 

So far FxPro has had two major European licenses – from UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC), as well as a license from South Africa’s Financial Services Board (FSB). FxPro also has a registration with Germany’s BaFin, France’s ACPR, Spain’s CNMV and 25 other regulating authorities.

 

The broker serves both retail and institutional clients from over 150 countries and has an extensive portfolio including forex pairs and CFDs on futures, indices, shares, spot metals and spot energies. It operates as a Hybrid Agency Model broker, offering Negative Balance Protection and enabling clients to access top-tier liquidity. 

 

FxPro offers four trading platforms: the popular MetaTrader 4 and 5, cTrader, which also supports algorithmic trading and its proprietary FxPro Markets. There was also a social trading platform – SuperTrader, but the broker abandoned it recently. Specifically for its UK market, FxPro offers the spread betting platform FxPro Edge.

 

 

TAGS: fxpro  dubai  dfsa 

More news about FxPro

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

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