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HotForex acquired DFSA license, commences operations in the UAE

 

HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year.

 

This is an important milestone for HF Markets. The UAE and the GCC offer very promising business prospects and we look forward to great success”, commented George Koumantaris, the Chief Executive Officer (CEO) of HF Markets Group.

 

HotForex now enters a promising market, as the GCC (Gulf Cooperation Council) region strives to diversify their economy away from oil. As a result, forex trading in the GCC has enjoyed growth in recent years a lot of forex brokers have set foot in the Middle East, and Dubai in particular. 

 

The HF Markets group already has operations in Europe, South Africa, and more. Its subsidiaries hold licenses from the Cyprus Securities and Exchange Commission (CySEC) and the South African regulator.

 

HotForex is an award-winning broker that tries to provide its clients with the tools they need to trade in their preferred style, on the platform and device of their choice. Apart from MetaTrader 4 and MetaTrader 5, the broker offers a unique copy-trading system called HFcopy.

 

TAGS: HotForex  DFSA license  UAE  regulation 

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