Online trading firm IG Group opens Dubai office
Online trading firm IG Group has opened its UAE office in Dubai, following its plans for a regional expansion last year, the company said in a statement emailed to AMEinfo.
Following successful regulatory approval from Dubai Financial Services Authority (DFSA), IG will offer retail investors in the region access to more than 10,000 markets, it added.
“We are delighted to open our office in Dubai serving experienced investors in the UAE and the wider Middle East region,” says Peter Hetherington, Interim CEO of IG Group, after launching the office at Al Fattan Currency House in the heart of Dubai’s financial district.
“Dubai is a thriving hub for commerce and trade and, given its geographic location, investors are in the perfect position to access a variety of markets in real time using our tried and tested online platform.”
In a survey that IG commissioned ahead of its Dubai office launch to assess the level of awareness of investing among UAE residents, 52 per cent of respondents said they make investment decisions themselves and 36 per cent said they currently have an investment portfolio. According to the survey of 1,000 residents conducted by YouGov, nearly two-thirds said they would be interested in learning more about how to trade in the financial markets.
The company has offices in 17 countries and has a net annual trading revenue of $666.53 million. It is part of IG Group Holdings, a member of the UK’s FTSE 250 with a market cap of $3.96 billion.