FX news: Forex.com push into Middle East
Gain announced on Wednesday that it has launched a new Arabic service under its Forex.com UK division, taking advantage of the growth of the retail market in the Middle East.
Investors in the region will be able to trade in oil, gold, silver and the major currencies through Forex.com.
Glenn Stevens, chief executive officer of Gain Capital, says: “As we continue to expand globally we are delighted to launch our new local offering in the Middle East. The impressive growth of retail currency, gold and oil products in the region in recent years has driven our decision to enhance our offering for Arabic speakers. Traders in the Middle East will now have access to our award-winning trading platform and expert research as well as personal support around the clock.”