London broker gains full Dubai license and opens new regional office

London-based broker One Financial Markets has added to its presence in the Middle East with the opening of a new regional office and the granting of regulatory approval from The Dubai Financial Services Authority (DFSA), to service its 30,000 clients across the Middle East and Asia regions.

The company announced, via a statement, that the opening of their new offices at the Dubai International Finance Centre (DIFC), alongside the granting of its full retail licence in the region, was also marked by the anniversary of the creation of company, 10 years ago.

Andrew Henderson, CEO, One Financial Markets, said that the news was a “landmark achievement” for the company, with a Dubai a perfect strategic location “linking East and West” for the company and its clients.

“The financial legislative environment across the UAE, especially at DIFC, is no different in strength and sophistication to that of London,” said Henderson. “This has prompted our company to relocate its regional headquarters in the Emirate of Dubai.

‘Modern legislation’

“The UAE has made tremendous efforts in a record time to modernise legislation in line with recent developments in international financial markets, which is reflected on the ground by a significant increase in the number of brokerage firms that have arrived to launch their services in the country,” Henderson added.

One Financial Markets is also currently offering its clients specialist training programmes through its trading academy, that offers training helping them to “manage and understand trading risk”.

As a result, a demo account is provided to help traders familiarise themselves with the markets and trading systems before they delve into any real trading, something that One Financial Market says is important as, “this market includes high profit opportunities but also high levels of risk”.

ABOUT THE AUTHOR
Gary Robinson
Deputy Editor, International Investment and Head of Video at Open Door Media Publishing. A fully qualified journalist and filmmaker with more than 20 years' financial services experience, both as journalist and originally as an IFA.

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