New financial player shines spotlight at Forex Expo 2023
27 Sep 2023
Traders Hub's pavilion at the Forex Expo 2023.
Sajjad Ahmad, Deputy Business Editor
Traders Hub regulated by the Securities and Commodities Authority in the UAE, is participating in the Forex Expo 2023 for the first time, marking a significant milestone in their two-year journey. Owned and managed by local traders with over two decades of experience, the company offers clients access to the global market, encompassing Forex, indices, commodities, cryptocurrencies, and more. What sets Traders Hub apart at this year's Forex Expo is their initiation of a thrilling trading competition on a demo account—a risk-free opportunity for participants to showcase their trading skills.
The winners of this competition will be rewarded in cash, with the first-place winner receiving Dhs50,000, the second-place winner Dhs30,000, and the third-place winner walking away with Dhs20,000. This competition, which commenced today, is open to all and will run for one month from the registration date. Traders Hub's distinctive qualities don't stop at their trading competition. They are proud to be regulated by the Securities and Commodities Authority, the largest and most robust regulator in the MENA region. Moreover, the company offers two types of accounts, each tailored to suit different trading preferences.
One account boasts raw spreads with a commission, while the other provides competitive spreads without any commission. Both account types also offer the convenience of a 7-day swap-free option. “In an industry where trust and security are paramount, we at Traders Hub underscore the significance of dealing with licensed brokers. Being regulated by the Securities and Commodities Authority allows us to safeguard client funds in segregated bank accounts, ensuring that client deposits remain 100% secure.
This commitment to robust regulations is a testament to our dedication to becoming a trustworthy partner for their clients,” said Othman Dabaan, Relationship Manager of Traders Hub. While Traders Hub does offer guidance to clients during onboarding, they emphasize that clients must ultimately take charge of their own trades. The forex market is inherently risky, and clients are encouraged to make informed decisions to navigate these turbulent waters.
Traders Hub has successfully attracted clients not only from the UAE but also from around the world. With numerous accounts from diverse regions, the company has earned a reputation for trustworthiness and reliability, a reputation they aim to maintain while fostering long-term relationships with their clients. Traders Hub caters to both individual traders and corporate entities, offering a mix of services that cater to the diverse needs of their clientele.
The company has ambitious expansion plans in the pipeline, with a focus on opening more offices around the GCC and beyond. While these plans are not yet set in stone, they underscore Traders Hub's commitment to long-term growth and service excellence. “Traders Hub is not just about short-term transactions; we are all about building lasting connections with clients.
At this year's Forex Expo, we look forward to engaging with attendees, potential clients, and industry peers, with a vision of nurturing and strengthening their relationships for years to come,” added Dabban. As Traders Hub continues to carve its niche in the world of forex trading, their participation in the Forex Expo 2023 serves as a testament to their commitment to excellence, client trust, and a bright future in the ever-evolving financial industry.