Interactive Brokers Opens New Office in DIFC Dubai

Business Wire 16-Oct-2024 8:00 AM

Investors in the UAE and GCC Benefit from IBKR's Global Trading Expertise

Interactive Brokers (NASDAQ:IBKR), an automated global electronic broker, today announced the opening of a new office in Dubai International Financial Center (DIFC). Through this new office, Interactive Brokers will establish its presence in the Middle East, complementing its existing strategy of providing global clients with a cost-effective brokerage service that easily facilitates access to global markets trading. Active traders, high-net-worth investors, and a range of wealth management institutions, including local banks, hedge funds and family offices in the region, can take advantage of Interactive Brokers' powerful trading technology and tools, competitive pricing, and a broad selection of investment products.

The financial services industry continues to grow in the UAE and throughout the GCC region as more individuals seek to engage with financial markets actively. With over three million clients in over 200 countries and territories, Interactive Brokers serves a global client base and is well-suited to meet the financial objectives of self-directed individual and institutional investors in this developing area.

Interactive Brokers clients can trade on 150 markets to invest in global stocks, options, futures, currencies, bonds, funds, and more from a single unified platform. With the ability to fund and trade accounts in up to 27 currencies, investors can easily create diversified portfolios across different regions and markets. In addition, this broad range of products allows them to navigate political or economic uncertainties and pursue global investment opportunities.

For financial advisors, Interactive Brokers' turnkey wealth-management solution helps professionals build a competitive advantage, efficiently manage their businesses, and serve their clients at low cost. Family offices can access global markets, advanced trading platforms and cash management tools so portfolio managers can focus on managing assets. Interactive Brokers also provides all-in-one prime brokerage services for introducing brokers and hedge funds, including trading, clearing, custody, and reporting.

"Opening an office in DIFC underscores our commitment to focusing on clients in this important region and connecting investors worldwide to global markets," said Milan Galik, Chief Executive Officer of Interactive Brokers. "DIFC is quickly becoming a global financial hub known for embracing technology, and we are pleased to solidify our presence in the market and serve local investors."

Establishing an office in DIFC extends Interactive Brokers' global scope and will help Interactive Brokers grow in the Middle East and North Africa region and surrounding countries.

Interactive Brokers' office in DIFC is established as a branch with a Category 4 license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from DIFC. The office will service clients in and from DIFC by arranging access to brokerage and associated services delivered by or through Interactive Brokers in the UK.

For additional information about Interactive Brokers (U.K.) Limited (DIFC Branch), please visit: Interactive Brokers (U.K.) Limited (DIFC Branch)

The Best Informed Investors Choose Interactive Brokers

About Interactive Brokers Group, Inc.:

Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities, and foreign exchange around the clock on over 150 markets in numerous countries and currencies from a single unified platform to clients worldwide. We serve individual investors, hedge funds, proprietary trading groups, financial advisors and introducing brokers. Our four decades of focus on technology and automation have enabled us to equip our clients with a uniquely sophisticated platform to manage their investment portfolios. We strive to provide our clients with advantageous execution prices and trading, risk and portfolio management tools, research facilities and investment products, all at low or no cost, positioning them to achieve superior returns on investments. Interactive Brokers has consistently earned recognition as a top broker, garnering multiple awards and accolades from respected industry sources such as Barron's, Investopedia, Stockbrokers.com, and many others.

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