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Middle East online trading industry poised to reach $1 trillion by 2025

The GCC states, particularly the UAE, are experiencing significant growth in the online trading sector.

Middle East online trading industry poised to reach $1 trillion by 2025
[Source photo: Anvita Gupta/Fast Company Middle East]

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The online trading industry in the Middle East is experiencing rapid growth and is projected to reach a value of $1 trillion by 2025, according to the Dubai Financial Services Authority (DFSA). This industry includes trading various assets, including stocks, commodities, currencies, and cryptocurrencies.

Several key factors have contributed to the growth of online trading in the Middle East. These include broader internet accessibility, a surge in smartphone adoption, enhanced regulatory frameworks, and growing awareness of the benefits associated with trading. These combined factors have led to the increasing popularity of online trading in the region.

As a result, the Gulf Cooperation Council (GCC) countries, specifically the UAE, are emerging as significant global financial hubs. This recognition is attributed to their strategic geographical location, robust and expanding economies, political stability, tax-friendly policies, efficient infrastructure, and globally appealing regulatory frameworks. These factors position them as attractive destinations for financial activities and investment on a global scale.

These developments have given rise to major financial centers in the region, including the Abu Dhabi Global Market (ADGM), Dubai International Financial Center (DIFC), Dubai Multi Commodity Center (DMCC), Bahrain Financial Harbour, Bahrain International Investment Park, Qatar Financial Centre (QFC), Kuwait Financial Centre (KFH), Oman International Centre for Financial Services (OIFC), and Saudi Arabia Global Centre for Financial Services (SACF). 

While online trading offers significant opportunities, traders must exercise responsibility and be aware of security risks. To address these concerns, StoneX Group Inc., a licensed global broker with local offices in the UAE like FOREX.com, has gained the trust of traders in the region. 

To increase its market share in the region, StoneX Group Inc. will be participating in the upcoming Forex Expo Dubai 2023, scheduled for September 26th and 27th at the Dubai World Trade Center. This participation will be facilitated through its subsidiary, FOREX.com.

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