How to start a Forex Trading Company in Dubai

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How to a Start Forex Trading Company in Dubai To start a forex trading company in Dubai, the stock market is said to be one of the most dynamic and active industries. With people trading in various sectors around the world, it is the largest market in the world in terms of the daily trading volume.

Amongst many regions, Dubai stands out particularly due to its relatively welldeveloped financial system and a business-friendly environment.

You can establish your forex trading company Setup in Dubai in the DIFC

(Dubai International Financial Centre) which is a free zone or choose to set up one in the mainland region.

How to Set Up a Forex Trading Company in Dubai If you wish to enter a thriving forex trading industry but don’t know how to begin, the following steps will guide you to start your forex trading company in Dubai.

1. Analyse The Market Many people overlook this step and do not analyze the market in-depth. Before taking any step, it is necessary to know the pros, cons, and risks involved in the forex trading business. Today, the digital revolution has made everything easier than ever before. If you do your research and connect with the right forex broker online, they will help you understand all the aspects of forex trading.

2. What are Your Needs?

The amount of experience you hold in this field will determine your needs. If

you already have prior experience in the stock market, you may go for more advanced platforms like the Kite by Zerodha. If you are a beginner, it will be better for you to stick to a broker that offers a simple trading platform, educational material, and constant support. Evaluating your needs is a must before you set up a forex trading company!

3. Select a Broker Before you select a broker, you must carefully consider a few elements. One of the most important being whether the broker is legally regulated by a government agency. Moreover, enquire whether the broker functions as a market maker or uses an electronic communication network.

Other elements to consider include the leverage offered by the broker, margin, narrow dealing spreads, trading platform offered, demo account, educational resources, and customer service.

4. Get Your Forex Trading License The next step is to solicit the license for opening your forex trading company from the DFSA (Dubai Financial Service Authority). It has an independent legal procedure and it duly monitors the international equities, exchange, trading of commodities, etc. in UAE.

Remember, that you will get the license to run your forex trading company, only if you pass the credibility test conducted by the DFSA.

5. Open a Trading Account Now, you can begin forex trading with your live-funded account. Formulate a

thorough easy-to-implement trading plan and make sure to stick to it throughout your trading tenure. It’s recommended to hire local business consultants to start your forex trading company as they offer valuable insights to help you understand the market, acquire the business license, and set up your forex trading company in the UAE.

Benefits of Starting a Forex Trading Company in Dubai Just like many other business sectors, forex trading is also very profitable in Dubai. Listed below are the major benefits of starting a forex trading company in Dubai: 1. One of the major benefits of forex trading is that you can do it from anywhere, at any time without putting in excessive effort and earn great profits. An electronic device like a computer or a smartphone with a good internet connection is all you need to start trading.

With the minimal risk involved, high liquidity, and low transaction cost, forex trading is easily manageable.

2. With a rapidly evolving economy, Dubai attracts a lot of young entrepreneurs from around the world. The UAE provides a zero percent (almost) tax policy to its investors. This empowers you to earn extra revenue and makes it a good decision to establish your trading company.

3. In Dubai, it is easy to set up your forex trading company. Mostly, people are skeptical about investing in the exchange market but being secured and regulated by DFSA (Dubai Financial Service Authority) empowers the investors to trade in foreign exchange.

Connect With Shuraa India

Collaborate with Shuraa Business Setup to obtain your forex trading license in Dubai. Our team will happily assist you in launching your forex trading company setup in Dubai. Also, our legal advisers provide insightful information to clients and help them throughout the whole procedure related to paperwork, documentation, rental space, and more.

OUR STORY SHURAA – THE PIONEERS OF BUSINESS SETUP SERVICES IN THE UAE Shuraa Business Setup was founded by Mr Saeed Khalifa Mohammed Al

Fuquei in the year 2001. The organization was initiated with an agenda to

help individuals start a business in Dubai or any other emirates. For the past 20 years, we have registered over 35,000 companies in the UAE.Shuraa Business Setup helps with crucial paperwork and other governmental

permissions which is important while setting up a business in Dubai. We

share years of acquaintance with the government officials and regulatory authorities, that makes business setup easier.

REACH OUT

MAILING ADDRESS 108, Square One, Saket New Delhi - 110017

EMAIL ADDRESS info@shuraa.in

PHONE NUMBER +91-8010990022