Interactive Brokrers UAE Expert Review
Name: IBKR UAE
Description: Interactive Brokers' office in the Dubai International Financial Center (DIFC) serves active traders, high-net-worth investors, and a range of wealth management institutions, including local banks, hedge funds, family offices and crypto traders in the region.
IBKR In The UAE
Interactive Brokers has recently opened an office in Dubai, as the UAE prime broker seeks to underpin its presence in the region and internationally.
The new Interactive Brokers Dubai office “will establish its presence in the Middle East”, the firm said in a statement today.
“Opening an office in DIFC underscores our commitment to focusing on clients in this important region and connecting investors worldwide to global markets,” said Interactive Brokers chief executive Milan Galik.
“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.”
Several major hedge funds and other financial institutions have increased their presence in the United Arab Emirates, including Dubai, or relocated to the low-tax country entirely in recent years.
Among them is London-based hedge fund Brevan Howard, which established an office Abu Dhabi last year.
The Dubai Financial Services Authority (DFSA) saw a 25% rise in registrations of new firms in 2023.
Interactive Brokers currently serves over three million clients in more than 200 countries and territories.
Clients of the platform can trade on 150 markets to invest in global stocks, options, futures, currencies, bonds and funds.
The firm also offers a wealth management solution for financial advisers, as well as an advanced trading platform for institutions such as family offices, which have an increasingly strong presence in Dubai.
The Launch of the new Dubai office comes after the firm announced a partnership with Saudi Arabia’s SNB Capital earlier this month.
The Interactive Brokers Saudi tie-up makes the trading platform the first global broker to allow foreign investors to directly own and trade securities listed on the Saudi stock exchange.
Pros
- Excellent trading platforms
- Low costs
- Wide market rage
Cons
- Maybe too complex for beginners
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Pricing
(5)
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Market Access
(5)
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App & Platform
(5)
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Customer Service
(4)
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Research & Analysis
(5)
Overall
4.8
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
