“To bolster our footprint in this thriving ecosystem, it was a strategic imperative to integrate AED accounts and introduce a slew of CFD equities reflecting the GCC landscape. This not only appeases the domestic audience but also beckons international investors aspiring to delve into these dynamic markets.”
Scope Markets, a globally renowned online broker, has unveiled the provision of accounts denominated in UAE Dirhams (AED) in a significant development that underscores the burgeoning financial opportunities in the Middle East.
This initiative paves the way for the anticipated launch of equity Contracts for Difference (CFDs) associated with a plethora of stocks from the Gulf Cooperation Council (GCC) region.
Equity CFDs from ADX, DFM, Boursa Kuwait, Tadawul, Qatar Exchange
Pavel Spirin, CEO of Scope Markets, said: “The undeniable growth trajectory of Middle Eastern economies has amplified the appetite for an expansive suite of regional financial offerings. To bolster our footprint in this thriving ecosystem, it was a strategic imperative to integrate AED accounts and introduce a slew of CFD equities reflecting the GCC landscape. This not only appeases the domestic audience but also beckons international investors aspiring to delve into these dynamic markets.”
The forthcoming expansion, slated for the fourth quarter of 2023, promises the integration of numerous equity CFDs. These will encapsulate stocks indexed on reputed marketplaces like the Abu Dhabi Securities Exchange (ADX), Dubai Financial Markets (DFM), Boursa Kuwait, Saudi Arabia Exchange (Tadawul), and the Qatar Exchange.
Notably, the new offerings will spotlight premier entities such as the global oil behemoth Saudi Aramco, regional banking stalwarts like Emirates NBD and First Bank Abu Dhabi, and the telecommunications giant, Etisalat Group.
Sharia-compliant Islamic accounts at Scope Markets
Earlier in 2023, Scope Markets championed inclusivity by launching a Sharia-compliant Islamic account, catering to the specific financial ethos of the region. The recent addition of AED-denominated accounts complements the existing portfolio, which features accounts in Sterling, US Dollar, and Euro denominations.
Scope Markets offers a diverse array of online trading facilities and institutional brokerage solutions to a global clientele. The firm’s modus operandi encompasses facilitating access to a multitude of asset classes and instrument types, deliverable via both mobile and desktop platforms.
Having garnered regulatory approval in six distinct jurisdictions, Scope Markets remains steadfast in its commitment to extending customer-centric solutions, all from a singular platform, fortifying its reputation as a dependable partner in the financial arena.