简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Zenfinex, a London-based FX and CFDs broker, has received a license from the Dubai Financial Services Authority (DFSA) to extend its services across the Middle East and North Africa (MENA).
“Zenfinex's DFSA license will enable us to extend our professional and institutional products throughout the MENA area and cater to our development goal to be one of the region's top suppliers,” said Michel Chabbouh, Zenfinex's MENA CEO.
The broker obtained the new license after expanding into Sierra Leone by purchasing Stochastic Africa, which is authorized by the Sierra Leone central bank and renamed Zenfinex Africa. It got a license from the Seychelles authority earlier this year.
About Zenfinex
The firm, which was founded in 2017, is currently licensed in four jurisdictions: the UK's Financial Conduct Authority (FCA), Dubai's DFSA, Seychelles' Financial Services Authority (FSA), and Sierra Leone's central bank.
Zenfinex began as a boutique broker but has now grown to become a worldwide brand. All regulatory permits are now in place, ensuring the broker's objectives are to be fully operational in Asia, Africa, the GCC, LATAM, and the UK by 2022.
“2022 has been a continuation of our targeted efforts to develop a strong platform and infrastructure for longer-term scalability and growth,” stated Nick Cooke, founder and board member of Zenfinex.
“Our main priorities have been to grow a world-class global staff, a diverse product portfolio with over 1000+ instruments, a worldwide regulatory presence, and to continue developing unique technological solutions that will appeal to a global audience. As we begin the next phase of our expansion, we will be aggressively focused on customer acquisition in 2023, building on the solid foundations we have established.”
Aside from securing the licenses, the firm hired a few key individuals, including Alexander Kritiotis as Chief Operating Officer, Zahid Mahmood as Chief Risk Officer, and Joe Tom Nyama as Head of Africa. It has boosted its MENA staff by recently appointing Christelle Haddad as the region's Head of Customer Support. It now employs about 100 people, with a few more on the way.
What is DFSA License and How Does it help the Forex Brokers?
Individuals or businesses must request authorization from the DFSA in order to perform financial services in or from the Dubai International Financial Centre. The DFSA grants authorization in the form of a license, which is granted online and defines the sort of Financial Services that may be provided.
You may check more of Zenfinex here: https://www.wikifx.com/en/dealer/2831566703.html
Always be careful of fake or cloned web addresses. The similarity of the websites may catch your attention, but it may lose all your money. So be vigilant in choosing the right broker. Always use WikiFX to find the correct web address of the broker.
Stay tuned for more Forex Broker News.
Download the WikiFX App from the App Store or Google Play Store to stay updated on the latest news.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Recently GVD Markets has become a trending topic in forex markets. WikiFX made a comprehension review to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulations, etc. Let’s get into it.
Nine influencers have been charged by the United Kingdom’s Financial Conduct Authority (FCA) for receiving payments in exchange for endorsing investment schemes, particularly high-risk CFD trading, without authorization.
Moomoo Malaysia has unveiled a new feature on its platform that allows users to purchase fractional shares of over 500 US stocks and ETFs. Additionally, it is running a campaign where new users are welcomed with a 'Guaranteed Welcome Kit' valued at up to RM 1,200. Furthermore, those who deposit RM 10,000 will receive fractional shares of leading companies like Apple, Nvidia, Tesla, and TSMC, worth up to RM 420.
According to Central Bank Governor Olayemi Cardoso, the bank's strategy for achieving foreign exchange stability has shifted from "firefighting" to strategic planning.