Inayat-ur-Rahman, Business Editor

The global online trading platform market is projected to grow from $9.32 billion in 2022 to $12.16 billion in 2028, at a CAGR of 5.1%. The Middle East is emerging as a key trading hub, and the online trading industry is projected to be valued at $1 trillion by 2025.

XS.com, the multinational global FinTech and financial services provider is the Global Titanium Sponsor of the Forex Expo Dubai 2023, which opened at the World Trade Center in Dubai on Wednesday.

“ Towards the end of September, we will be prominently featured in the finance focused tradeshow – an impressive gathering set against the dynamic backdrop of the Emirates. Our collaboration with the esteemed organizers at HQMENA reflects our unwavering commitment to initiatives that intricately connect the finance focused professionals of the UAE.” commented Andreea Ilies, Global Head of Events at XS.com.

Michael Xuan, Executive Director at HQMENA and organisers of the Forex Expo Dubai 2023 said: “As we gear up for the highly anticipated Forex Expo Dubai 2023, it is with great excitement that we acknowledge the integral role played by our esteemed Titanium Sponsor, the XS.com Group. Their continued partnership is a testament to their commitment to reshaping and revolutionizing the investment landscape. The financial sector of the UAE stands as a shining example of advancement and sophistication within the Middle East. Amidst this backdrop, the Forex Expo Dubai serves as a pivotal platform for the convergence of innovative ideas and industry trends.

We extend our sincere gratitude to the XS.com Group for their unwavering support, which undoubtedly adds immense value to the event. In an era where digital investments are gaining traction, and brokers wield significant influence in this dynamic ecosystem, we are excited to create an environment that fosters meaningful connections and empowers traders and industry participants alike.”

The online investment landscape in the UAE has witnessed remarkable growth and transformation in recent years, driven by technological advancements, regulatory reforms, and the country’s strategic positioning as a regional financial hub. The UAE’s international connectivity and strategic partnerships allow investors to access global investment opportunities easily. Many platforms offer the option to invest in international stocks, currencies, commodities, and a range of other assets, enabling diversification beyond local markets.

Damian Bunce, Chief Customer Officer at Exness told Gulf Today that Exness was formed in 2008, during the retail brokerage boom, with a mission to redefine the way traders access markets. Since our inception, we have offered a highly scientific approach to liquidity provision, within a highly ethical framework. Our risk appetite, coupled with our willingness to commit capital to clients, has enabled us to create better-than-market trading conditions. Our founder is an accomplished software engineer; having such a mindset at the helm of the company has laid the foundations for a highly technical and problem-solving DNA, and one which is ever-evolving. We use the word Bold when describing our brand, to emphasize that we are prepared to do things that are more risky for the company in order to have a more beneficial impact for clients. It’s an approach which of course is not problem-free, but it has served us well so far.

“We are big believers in the region, which has proved time and again to be resilient and innovative. Dubai is one of the leaders in crypto regulation and is a recent example that continues to attract many exciting start-ups. We always participate in the events here and often take center stage with our booth and presence. We understand the importance of these marketing investments to growing our credibility and have face-to-face contact with clients and partners.”

“We stick to our principles and we let our clients do the talking. Like every industry, the retail trading industry has had its fair share of bad actors and they have left a stain on the big credible brokers, but with over two decades of operation, the industry has consolidated and those standing strong and reliable for their clients go from strength to strength in the knowledge that their reputation is everything.”

“We plan to add more metals products, specifically zinc and copper in the coming months. We will be extending more information in our Personal Area platform around the trading advantages we offer; on the platform we have integrated trading signals from Trading Central into our charts and activated a host of new indicators based on tick volumes. We have a brand new order placement form with a built-in calculator and Bulk Order Modification functionality. In the future, we will likely do more work on charting, including embedding indicators when a high margin requirement applies.