Moneta Markets, a CFD broker, has expanded its reach in the Middle East by acquiring a mainland company license in Dubai. Today (Wednesday), Al Waseet announced the move that will be the next stage in its global strategic expansion.
The Dubai Mainland license is granted to all companies registered under the Dubai Department of Economic Development (DED). It gives companies the freedom and flexibility to grow and operate in the region. However, it is not a financial services license.
“We are extremely proud to announce that Moneta Markets is spreading its wings in Dubai,” said David Bailey, Founder and CEO of Moneta Markets.
“Obtaining an operating license in this vibrant global trading center is an important step forward in our ambition to provide unparalleled brokerage services around the world. This development not only enriches our global footprint, but also underpins our commitment to being a local partner to our clients across regions.”
Moneta Markets was launched in mid-2020 under the umbrella of the Vantage Group and operates as an offshore broker. The brand officially parted ways with Vantage last year. The broker recently obtained a financial services license from the regulator in Seychelles and has regulatory approval in South Africa as well as Saint Vincent and the Grenadines.
Strong team and management
The official press release stated that the broker will transfer key members of its management team to Dubai. According to the company, this move is part of a larger strategic plan to strengthen regional ties. Hence, Al Waseet plans to leverage the local talent of the staff on board its Dubai office.
Bailey added, “Our decision to move main management to Dubai demonstrates the importance we place on this region. We believe that a local presence will enable us to better understand and serve the unique needs of our clients here.”
“We see huge potential in the pool of talented professionals in Dubai. By hiring the best local talent, we aim to build a team that understands the pulse of the region, thus ensuring we deliver the best-in-class services that Moneta Markets is known for.”
Moneta Markets, a CFD broker, has expanded its reach in the Middle East by acquiring a mainland company license in Dubai. Today (Wednesday), Al Waseet announced the move that will be the next stage in its global strategic expansion.
The Dubai Mainland license is granted to all companies registered under the Dubai Department of Economic Development (DED). It gives companies the freedom and flexibility to grow and operate in the region. However, it is not a financial services license.
“We are extremely proud to announce that Moneta Markets is spreading its wings in Dubai,” said David Bailey, Founder and CEO of Moneta Markets.
“Obtaining an operating license in this vibrant global trading center is an important step forward in our ambition to provide unparalleled brokerage services around the world. This development not only enriches our global footprint, but also underpins our commitment to being a local partner to our clients across regions.”
Moneta Markets was launched in mid-2020 under the umbrella of the Vantage Group and operates as an offshore broker. The brand officially parted ways with Vantage last year. The broker recently obtained a financial services license from the regulator in Seychelles and has regulatory approval in South Africa as well as Saint Vincent and the Grenadines.
Strong team and management
The official press release stated that the broker will transfer key members of its management team to Dubai. According to the company, the move is part of a larger strategic plan to strengthen regional ties. Hence, Al Waseet plans to leverage the local talent of the staff on board its Dubai office.
Bailey added, “Our decision to move main management to Dubai demonstrates the importance we place on this region. We believe that a local presence will enable us to better understand and serve the unique needs of our clients here.”
“We see huge potential in the pool of talented professionals in Dubai. By hiring the best local talent, we aim to build a team that understands the pulse of the region, thus ensuring we deliver the best-in-class services that Moneta Markets is known for.”