just now
16th June 2022 - CAPEX MENA, an online investment broker in the Middle East, has reported a 58% increase in trading volumes for May 2022 on a YoY reporting basis. The broker has its UAE office in Abu Dhabi and is licensed by Abu Dhabi Global Market Financial Services Regulatory Authority.
Madalina Rotaru, Chief Executive Officer of Key Way Markets LTD, the company operating CAPEX MENA commented: "We have ambitious plans to push CAPEX MENA higher within the MENA region in terms of the trading technology we provide, the asset classes we make accessible on our trading platform and the licenses we’re obtaining in different jurisdictions. All of these advancements are based on the strong growth we have already witnessed in 2022, and the 58% increase in trading volumes we have confirmed for May.”
Earlier this year, CAPEX.com officials made changes to their product categories' operating costs, reducing spreads by up to 90%, and switching from fixed to floating spreads.
Madalina Rotaru commented: "We are excited to witness the next stage for the development of CAPEX MENA. The decision to reduce the trading costs for our clients helped increase the trading volumes and allowed us to delve further into product development – we are here to reiterate our full dedication towards getting traders what they need".
