Dukascopy Bank SA opened a new representative office in Dubai
Retail FX broker and bank Dukascopy, based in Geneva, Switzerland, has announced about the opening of its Representative Office in Dubai – Dubai International Financial Centre (DIFC). The Swiss brokerage has added one more location to its global network. The bank already has representative offices in Hong Kong, Kuala Lumpur, Moscow, Kiev and Tokyo.
Dukascopy Bank SA (https://www.dukascopy.com), the innovative Swiss online bank and marketplace offers online trading and banking services, and Electronic Communication Network spot forex liquidity available to individuals, banks, hedge funds and other financial institutions and investors. It is a provider of a direct access to the Swiss Foreign Exchange Marketplace.
This Swiss bank with headquarters in Geneva has received a license from the Dubai Financial Services Authority (DFSA) to be able to open its office in Dubai. The representative office is located in the Dubai International Financial Centre (DIFC). The Dubai office team will assist clients from Dubai and the Middle East in their dealings with the Geneva Headquarters.
The DIFC is popular enough among the globally operating financial institutions and has its own regulator, law framework and global financial exchange. It has a promising plans of establishing a bigger presence in the Middle Eastern region.
With the more severe situation on European market, brokerage companies are searching for option outside of the region and looking for an opportunity to expand the services and target new customers. The Middle East market is giving this opportunity, although the process of establishing there is quite complex. Having a physical location there is a big step towards a brand’s success in the region.