HotForex has been granted the necessary license by the Dubai Financial Services Authority and is finally opening shop in the United Arab Emirates. The official paperwork was concluded December last year and HF Markets Group is heading for an expansion of its business.
The Chief Executive Officer of HF Markets Group highlighted the importance of this major step for the company in an interview, stating “This is an important milestone for HF Markets. The UAE and the GCC offer very promising business prospects and we look forward to great success.”
The Gulf Cooperation Council region has been aiming for years now to expand its economy beyond oil and diversify it. Online Forex trading has proven to be the main tool in executing such a plan. The popularity of Forex has greatly risen and now HotForex joins this promising market, following the footsteps of quite a few brokerages throughout the last couple of years.
The HF Markets group has already expanded around the globe setting up offices in Europe, South Africa and East Africa. Its subsidiaries are accordingly licensed by the Cyprus Securities and Exchange Commission (CySEC), Financial Services Commission (FSC) of the Republic of Mauritius, Financial Sector Conduct Authority (FSCA) in South Africa and the Seychelles Financial Services Authority (FSA).
HotForex is an acclaimed brokerage having won awards and set up itself as a household name in Forex trading. It provides its clients with a wide range of financial instruments and the MetaTrader 4 and MetaTrader 5 platforms. Apart from that it also offers a distinctive copy-trading system called HFcopy.