Following the full regulatory approval from the UAE Securities and Commodities Authority to deal in securities in the UAE, Capital.com has opened an office in Dubai and plans to expand its services across the MENA and Asia regions.
Launched in 2016, Capital.com aims to enable investors to participate in markets around the world. Capital.com is authorised and regulated by the UK Financial Conduct Authority as well as other relevant national regulators.
The company states that its move into the UAE is supported by its recent growth results. Last year, the company’s total client trading volumes surpassed USD $1 trillion for the first time—43% higher than the previous year.
Kypros Zoumidou, Group Chief Executive Officer of Capital.com, said the expansion into the new market is an important development for their global growth strategy.
“With its business-friendly ecosystem, supportive market-entry requirements, flourishing knowledge-based economy, and perfect location as a base for wider expansion, the UAE continues to cement its position as a dynamic tech hub for innovative companies with global ambitions,” said Zoumidou.
Capital.com is set to become a member of the UAE’s #NextGenFDI Programme, a government-led initiative enabling cutting-edge companies from around the world to establish and expand their operations in the UAE.
“The UAE is attracting world-class technology companies with bold growth plans and global ambitions. These businesses recognise that the UAE offers not just one of the most vibrant ecosystems in the world, but also serves as an access point to expanding regional economies and the high-growth markets of Asia and Africa, said UAE Minister of State for Foreign Trade E Dr Thani bin Ahmed Al Zeyoudi.
Capital.com provides access to over 3,000 of various indices, commodities, cryptocurrencies, equities, and currency pairs.
