HotForex acquires DFSA license and expands its operations in the UAE
HF Markets, known by its trading name HotForex, has got its license from the Dubai Financial Services Authority (DFSA) and has now announced about the operations in the United Arab Emirates (UAE). HF Markets already has operations in the UK, South Africa, and Cyprus.
The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), In Dubai, United Arab Emirates. It is distinct from the UAE’s federal Securities and Commodities Authority, whose jurisdiction covers the wider UAE outside the boundaries of the DIFC.
HotForex is a multi-asset broker that offers forex and commodities through CFDs trading services. The company established in 2010 while headquarters in Cyprus, but in addition serves several global offices along with different licenses, which enhances their offering to another world client, established in St. Vincent and the Grenadine as an International Broker Company, in Mauritius and South Africa. HotForex is a brand name of the HF Markets (Europe) Ltd. that is authorised and regulated by the CySEC, FCA UK, BaFin Germany, CONSOB Italy, CNMV Spain, FSA Denmark, and more. Most recently, HotForex was selected to join the ranks of the World Finance Top 100 Global Companies. You can read our full HotForex review here.
This foreign exchange (forex) and contracts for difference (CFD) brokerage has acquired a Dubai Financial Services Authority (DFSA) license on December 12, 2018. According to the official statement, HotForex is ready to operate in the Middle East and North Africa region and offer its retails and professional trading services to the clients. The appointed CEO of the UAE brunch is Andreas Lazarou. He has previously worked for the Abu Dhabi based brokerage group ADS Securities.