Blackbull Markets, an Auckland-headquartered retail trading platform, is strengthening its position in the Middle Eastern markets with the latest hiring of Waleed Salah as the Head of its Arabic office.
Based in Egypt, Salah, who was previously with VantageFX, is a trading industry veteran and has extensive experience of Forex and CFDs operations in the region. He is bringing over a decade of industry experience to his new role, his Linkedin profile shows.
Additionally, he headed VantageFX’s Arabic office for a short period and prior to that, managed the Middle Eastern office of USGFX, which moved its headquarters to London after its Australian business went bust. Moreover, he was USGFX’s Director of the Middle Eastern office for a couple of years.
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Salah started his career as a customer support representative at FXComparison and moved fast to become a known industry face in the region. In addition, he had stints at ATFX, RoboForex, and FBS.
A Ripe Region to Expand Into
The Middle Eastern market has become a much-sought for international Forex and CFDs broker. Retail traders in the region are among the top depositors in the trading platforms.
BlackBull holds two regulatory licenses, one in New Zealand and the other in Seychelles, and has operations globally. However, the broker did not officially publicize any of its ambitions in the MENA region.
In an interview with Finance Magnates earlier this year, BlackBull Director, Michael Walker, said: “Our future vision encompasses expansion into other areas of financial services, as a true multi-asset brokerage with a full-service offering.”