IG Group in Dubai
- New office will give UAE investors 24 hours a day access to over 10,000 financial markets
- Two thirds of UAE residents want to learn more about trading financial markets
Dubai, UAE; 9 September, 2015: IG Group (‘IG’), the world’s leading online trading company, announces today the launch of its UAE office in Dubai, marking the firm’s entry into the Middle East. Following successful regulatory approval from Dubai Financial Services Authority (DFSA), IG will offer retail investors in the region access to over 10,000 financial markets with the capability to trade 24 hours a day.
To coincide with the launch of its Dubai office, IG commissioned research to assess the level of awareness to investing among UAE residents, which revealed the opportunities for the business are significant. According to a You Gov survey of 1,000 residents, more than half (52%) of respondents make investment decisions themselves and just over a third (36%) said they currently have an investment portfolio. While, nearly two thirds (64%) of those surveyed said they were interested in learning more about how to trade the financial markets.
Commenting on the opening of IG’s Dubai office, Peter Hetherington, Interim CEO of IG Group, said:
“We are delighted to open our first office in Dubai serving experienced investors in the UAE and the wider Middle East region.
“Dubai is a thriving hub for commerce and trade and given its geographic location and local investors are in the perfect position to access a variety of markets in real time using our tried and tested online platform. This year marks the 41st anniversary of IG and it is fitting that we are building our customer base in this growing and dynamic market.”
The IG office at Al Fattan Currency House is purposely located in the heart of Dubai’s financial district. The office will be open six days a week and will provide a range of seminars and education tools to clients and members of the UAE public. Experienced customer support will be on hand 24 hours a day.
Kypros Zoumidou Senior Executive Officer, IG UAE and head of the Dubai Office said:
“We have established a great team here in Dubai. Quality of service and product innovation are the two pillars that have shaped IG’s success over the last 40 years and we know this is very important to clients in the UAE. Our research has shown that investors here are financially astute and have a desire to learn more about trading. Our office in Dubai will provide the best-in-class platform and assistance to those investors who want to learn and develop their trading skills.”
IG’s geographical footprint continues to be a strategically important part of its growth strategy and a key differentiator. The announcement follows the opening of IG’s office in Switzerland in October 2014.
For further information, please contact:
Kieran McKinney Head of Investor Relations 020 7573 0026
Chris Alfred PR Manager 020 7573 0319
Zaman Toleafoa 020 3727 1497
Laura Hudson 020 3727 1256
All trading involves risk. You may get back less than you originally put in.
Notes to Editors
IG is a global leader in online trading, providing fast and flexible access to over 10,000 financial markets – including shares, indices, forex, commodities and binaries.
Established forty years ago as the world’s first financial spread betting firm, IG’s aim is to become the default choice for active traders globally. It is an award-winning multi-platform trading company, the world’s No.1 provider of CFDs* and a global leader in forex, and it now offers execution-only stockbroking service in the UK, Ireland, Germany and Netherlands.
It is a member of the FTSE 250, with offices across Europe, Africa, Asia-Pacific, the Middle East and the US, where it offers limited risk derivatives contracts via the Nadex brand.
*Based on revenue excluding FX, published financial statements, July 2014.