AvaTrade obtains a licence in Abu Dhabi!

AvaTrade, the currency and contract for difference (CFD) forex broker, has just scored a license from the Financial Regulatory Services Authority (FRSA) based in Abu Dhabi (United Arab Emirates).

AvaTrade Middle East Ltd (FSPN 190018), now boasts a full category 3A license (no. 190018).

According to the company, AvaTrade is the first broker to have obtained such a license, and it allows the company to serve both individual and professional investors. It is also the 10th global license received by the group.

AvaTrade quickly adapts to regulatory changes

AvaTrade CEO Daise Ferguson says "As regulation continues to shape the future of the forex trading industry, AvaTrade clients can be confident that they are trading via a broker whose goal is to adapt to the latest regulatory changes."

"Our ADGM license is further proof of this commitment to providing traders with the safest and most secure trading environment anywhere on the planet."

As AvaTrade says in its statement, the new license will allow the group to strengthen its brand in the Middle East and in the United Arab Emirates.

"We are delighted to allow an even greater number of traders in the Middle East to take advantage of everything we have to offer, be it innovative technologies, cutting-edge mobile applications, Islamic accounts, lucrative affiliate programmes and top-notch trading conditions. This new ADGM license is another of the many exciting businesses we are pursuing", says Ferguson.

The new office is located in Abu Dhabi's global market square. The company will be headed by its director, Mohamad Ahmad.

"Mohamad has lots of experience in the finance industry, and we are confident that he will be a great asset to the brand and our local traders in the region," adds Ferguson.

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