Deep Dive into the World of Finances
Welcome to this exclusive interview with Othman Dabaan, Relationship manager Traders Hub, a renowned currency brokerage company based in the UAE. In this conversation, we delve deep into the world of forex trading and financial markets, exploring what sets Traders Hub apart in this competitive industry. Join us as we discuss their participation in the Forex Expo event, their commitment to regulatory compliance, and their vision for the future of trading. Stay tuned for valuable insights into the world of forex from the experts at Traders Hub.
Could you please provide some insights into Traders Hub and your involvement in this year’s Forex Expo event
Traders Hub is a well-established currency brokerage company, fully regulated by the Securities and Commodities Authority in the United Arab Emirates (UAE). Although we have been serving clients for the past two years, this marks our debut appearance at the Forex Expo. It’s noteworthy that our company is owned and managed by local traders with over two decades of experience in the financial markets. This wealth of expertise enables us to provide our clients with access to a diverse range of global assets, including Forex, indices, commodities, cryptocurrencies, and more.
At the heart of our participation in the Forex Expo is an exciting trading competition conducted on demo accounts. These demo accounts offer a risk-free environment for participants. The competition, which commenced today, spans over one month from the registration date and is open to all. We are offering substantial cash rewards to the winners: the first-place trader will receive 50,000 AED, the second-place 30,000 AED, and the third-place 20,000 AED.
What sets Traders Hub apart from other brokers in the market?
Traders Hub stands out for several compelling reasons. Firstly, we are regulated by the Securities and Commodities Authority, the most prominent and robust regulatory body in the MENA region, not limited to the UAE alone. Furthermore, we offer two distinct account types, each designed to cater to different trading preferences. The first account features raw spreads with competitive commissions, while the second offers competitive spreads without any commissions. Additionally, both account types provide the advantage of a 7-day swap-free option.
Why is it crucial for traders to work with a licensed broker?
Dealing with a licensed broker is paramount for the safety and security of clients’ funds. As a regulated entity, we are authorized to segregate clients’ funds in dedicated bank accounts, inaccessible to the company. This ensures 100% security for clients’ deposits. For instance, if a client deposits 100,000 AED, it goes into a segregated account called ‘Traders Accounts,’ separate from the company’s operational account. Strict and robust regulations bolster our credibility and trustworthiness as a broker in the eyes of our clients.
Do you actively guide and influence your clients’ investment decisions?
Our role in guiding clients is primarily limited to the onboarding process. Subsequently, clients are encouraged to make their own trading decisions. The forex market is inherently volatile, with potential gains and losses, so clients must take responsibility for their trades.
Can you share insights into the number and type of clients currently associated with Traders Hub?
While I cannot provide an exact count, we have a substantial client base from both the UAE and various international locations. Our reputation as a regulated brokerage has attracted clients worldwide. Our goal is to maintain our strong reputation and establish enduring relationships with our clients.
Do you serve both individual and corporate clients?
Indeed, we cater to a diverse clientele, serving both individual traders and corporate entities. Our range of account types and services is tailored to meet the needs of a wide array of clients.
Could you specify the regions outside the UAE where your clients are predominantly based, and who is your primary target market?
Our client base extends to the Gulf Cooperation Council (GCC) countries, with a significant presence in Saudi Arabia, Qatar, and Bahrain. While we are actively targeting GCC nations, our plans include expanding our reach to a global audience in the near future.
Do you have any forthcoming expansion plans?
Yes, we have ambitious expansion plans on the horizon, although they are not yet finalized. Our long-term vision includes the possibility of opening additional offices both within the GCC region and internationally. However, we are currently in the process of finalizing these plans.
Do you offer any special incentives or benefits to your clients?
As mentioned earlier, our current special initiative involves a demo trading competition that offers traders the opportunity to win substantial rewards. All they need to do is register with Traders Hub, and they can start trading on demo accounts without the need for any initial deposit. The trader with the highest profit at the end of the competition will receive their rewards accordingly.
Are you planning to meet with your clients during this event?
Absolutely, we anticipate a significant turnout of clients at our booth during the Forex Expo. Building lasting relationships with our clients is a core objective for us. We look forward to engaging with them and fostering enduring connections.
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