Stock market is an active and dynamic industry for starting a forex trading company in Dubai. People around the world trade in various sectors. It’s the largest market in the world which involves daily trading volume. Dubai stands out due to its business-friendly environment and well-developed financial system.

You can open a forex trading company setup in Dubai on the mainland or in the free zone (DIFC).

Set Up A Forex Trading Company (Dubai)

If you like to enter the forex trading industry, here are the steps to guide you:

Analyze The Market

Usually people don’t analyze the market in-depth. Before any step, you must know the pros and cons involved in the forex trading business. Now the digital revolution makes it easier. You can research and contact the right forex broker, they’ll help you understand the aspects of forex trading.

The experience you have will determine the needs. If you have a previous experience in the stock market, you can go for advanced platforms which offer forex trading api or service. When you’re a beginner, you can stick to a simple trading platform. You should evaluate before you set up the forex trading company.

Choose A Broker

Get to know whether the broker is regulated under a government agency. Enquire if the broker functions as the market maker or uses the electronic communication network. The elements to consider are the margin, broker, demo account, narrow dealing spreads, educational resources, trading platform offered, customer service, and educational resources.

Obtain A Foreign Trading License In Dubai

Solicit the license to open the forex trading companies from Dubai Financial Service Authority. This has the independent legal procedure that monitors the trading of commodities exchange, and international equities in the United Arab Emirates. When you pass the credibility test, you’ll get a license to run your forex trading company.

Open A Trading Account

You can now begin the forex trading with the live-funded account. Set an easy trading plan and stick on with it. You must hire a local business consultant to open your forex trading company. The value insights can make you understand the market, get the business license and set your forex trading company in the United Arab Emirates.

Advantages Of Starting A Forex Trading Company In Dubai

Like other businesses, forex trading is profitable in Dubai. Here are the advantages:

1. You can trade from anywhere, at any time and earn profits. You just need a smartphone or a computer with proper internet connection to trade. Forex trading is manageable with high liquidity, minimal risk, and low transaction cost.
2. You get zero percent tax policy in the UAE. It allows you to earn extra revenue and helps you to establish a trading company.
3. It is easy to set up a forex trading company in Dubai. People get skeptical to invest in exchange market. But with secured and regulated by Dubai Financial Service Authority, the investors can trade in foreign exchange.

Tags : Business Setup in Dubai, eCommerce Licence in Dubai, Trade Licence in Dubai, Freelance licence in Dubai, Professional Licence in Dubai