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Multi-regulated fintech broker Exante has launched operations in Dubai's financial hub, marking its fifth regulatory jurisdiction as the company continues its international growth strategy.
The new office, located in the Dubai International Financial Centre (DIFC), will operate under Dubai Financial Services Authority (DFSA) regulation, adding to the firm's existing licences from the UK's Financial Conduct Authority (FCA), Hong Kong's Securities and Futures Commission (SFC), the Cyprus Securities and Exchange Commission (CySEC), and the Malta Financial Services Authority (MFSA).
The Dubai entity will provide UAE clients access to over 50 global markets and more than one million trading instruments through the company's proprietary platform.
"We are thrilled to receive this regulatory stamp of approval that propels us into the dynamic financial heart of Dubai," said Ashraf Bajsair, Head of Regional Sales, Middle East at Exante. "This marks a pivotal moment in our growth strategy, allowing us to deliver our innovative trading solutions to the UAE market. Our team is dedicated to maintaining the utmost standards of service and regulatory compliance, ensuring that our clients receive the excellent personable experience Exante is globally known for."
Commenting on the expansion, Exante Co-Founder Gatis Eglitis said: "Exante is thrilled to announce the opening of our new office in Dubai, a pivotal milestone in our global expansion strategy. This move not only establishes our presence in one of the world's most influential financial centres but also offers clients direct access to our services in the region.
"Building upon our strong foundations in the United Kingdom, Hong Kong and Europe, this milestone underscores our commitment to providing seamless, borderless access to global markets. We can't wait to welcome clients to our Dubai office, strategically located within the Dubai International Financial Centre (DIFC), a bridge between East and West renowned for its regulatory excellence, world-class infrastructure and vibrant business environment."
Alexey Kirienko, Exante CEO and Co-Founder, added: "The opening of our Dubai office represents more than just geographical expansion. It's a testament to Exante's unwavering commitment to connecting investors with global opportunities, combined with that personal client experience we've been known for since 2011, when XNT grew its first roots in Malta."
The Dubai operations will be conducted through EXT Ltd, the group's Cyprus-regulated entity.
