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Pavel Spirin, chief executive officer of Scope Markets, has highlighted the firm's continued growth in the MENA region as Dubai solidifies its position as a global financial hub.
The retail CFD and FX brokerage has secured multiple industry awards this year, including Best Partnership Programme – MENA at Forex Expo Dubai 2025, recognising the expansion of its introducing broker and affiliate network in the region.
At the Middle East Financial Markets Awards Dubai 2025, Scope Markets received the Top 100 Trusted Financial Institutions Award (3rd Edition), whilst Spirin was recognised among the Top 50 CEOs in Financial Markets.
"There's no escaping the fact that Dubai is rapidly becoming the next global financial hub, but as a business we understand the way to maximise the potential here is to tailor our product offering and meet the local geographic need. That's why for years, across the MENA region we have been providing local language support and access to relevant markets. The creation of proprietary index CFDs to mirror the performance of local markets has further cemented our popularity in the region."
Pavel Spirin, chief executive officer, Scope Markets
Pavel Spirin, chief executive officer, Scope Markets
The firm's localisation approach has driven tangible commercial outcomes. In 2023, Scope Markets partnered with First Abu Dhabi Bank, whilst in 2024 it launched its AD15 and DXBI proprietary index CFDs, providing global access to instruments mirroring the performance of major underlying equity markets.
The brokerage has incorporated over 60 CFDs reflecting single stocks listed on both the Dubai and Abu Dhabi indices into its tradable universe, offering investors worldwide increased access to UAE financial markets through locally priced instruments.
Market data supports the regional momentum. The Dubai International Financial Centre saw a 16 per cent year-on-year increase in wealth and asset managers, whilst Dubai's IPO market captured 2.2 per cent of global IPO volumes in 2024.
"We have already established a meaningful presence in the MENA market with increased interest from the UAE, and we look forward to building on this. In the past few days, members of Scope Markets teams from across the globe have been in Dubai, participating in industry events like the annual Forex Expo and the Smart Vision Middle East Financial Markets Awards. Occasions such as these allow us to connect with existing and prospective customers alike, ensuring we can continue to develop our product set in a way that always maintains relevance with the markets we want to serve."
Pavel Spirin, chief executive officer, Scope Markets
Scope Markets operates from a network of physical offices and serves clients in almost 200 countries, offering online access to more than 40,000 tradable assets.
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