Dubai serves as a gateway for investment, financial transactions

Inayat-ur-Rahman, Business Editor

Dubai serves as a gateway for investment and financial transactions between Europe, Asia, and Africa, thus providing easy access to a large market.

The Forex Traders Summit 2023 concluded in Dubai on a strong note bringing together traders, investors, and industry experts from around the world.

The two-day event  featured a range of keynote speeches, panel discussions, and interactive workshops, all designed to provide attendees with the latest insights and trends in the world of forex trading. The summit also showcased cutting-edge technologies, tools, and platforms that are transforming the way traders operate in today’s fast-paced markets.

Organisers of the Forex Traders Summit Dubai 2023 pulled out all the stops to ensure that attendees get the most out of their experience. From networking opportunities with fellow traders to exclusive access to industry leaders, this is an event that no forex trader should miss.

“We are thrilled to be bringing the Forex Traders Summit back to Dubai for its third edition,” said the event organizers. “Dubai is one of the world’s leading financial centers, and we are excited to provide a platform for traders and investors to come together, share ideas, and explore the latest trends in forex trading.”

Damian Bunce, Chief  Customer Officer at Exness told Gulf Today that during worst COVID 19 pandemic, there was a huge rise in the number of retail traders. “People were at home, worrying about jobs and finances, and online trading is obviously very accessible. So they entered the market and stayed in the market,” he said.

The forex industry trades about $7.5 trillion per day and the retail community trades $1 trillion per day. Exness trades about $150 billion a day.

“We see increase in algorithmic trading , skilled programmers entering the market with trading strategies , we see ongoing growth in copy trading where experts are easily accessible to follow , we see emerging markets countries entering trading markets spurred on by access to leverage which helps them access expensive products from smaller deposits , we see retail increasingly use shorting strategies across assets which is ability to earn money when assets go down , not only up , we see more and more retail traders using signals and charts to guide their entry and exit points.” Bunce added.

Andreea Ilies, Global Head of Events at XS.com, told this reporter that Dubai offers many advantages for hosting an event such as the Traders Summit and serves as a gateway for investment and financial transactions between Europe, Asia, and Africa, thus providing easy access to a large market. The UAE is strategically located between these regions, making it an ideal hub for events and we expect to welcome many international visitors to our booth. We’re delighted to be announcing that XS.com is once again the Global Partner of a strategically located industry leading event such as the Traders Summit. We would also like to add that we will be having an exclusive XS VIP Lounge – come and visit our booth to learn more!”

Dr. Mohammed Elnozamy, Chairman and Managing Director at Smart Vision said: “We are delighted to be welcoming XS.com once again as our trusted Global Partner. We have worked together for many years and are always happy to have them on board. Smart Vision expects the Traders Summit in the UAE to be an outstanding success as Dubai is a financial hub and it’s a sold-out exhibition. We will be welcoming many local and international businesses and visitors to the UAE as the Emirate has established a business-friendly environment by implementing policies that encourage foreign investment and entrepreneurship. The government has introduced measures such as tax incentives, streamlined regulations, and simplified licensing procedures, making it easier to set up and operate a financial institution.”

Dubai has emerged as a major financial centre in the Middle East, attracting multinational companies, banks, and financial institutions.

 XS.com welcomes all attendees to join their team of skilled professionals for engaging discussions and personalised query resolution. The XS Group is excited to establish connections with participants, showcasing the broker’s cutting-edge trading solutions and services.

The XS Group (operating under brand name “XS” or “XS.com”) is a Global Multi-Asset Broker providing access to trade a wide range of financial products.

Established in Australia in 2010, XS.com has grown into a global market leader in the FinTech, financial services and online trading industry with licences in various jurisdictions and offices in different locations around the globe.

XS.com offers traders, institutional investors and brokers worldwide access to deep institutional liquidity and advanced trading technology, combined with an efficient user experience, high-quality relationship management and excellent customer support.