Focusing on the MENA region the company launched operations in September just as volatility started to pick up, leading it to a cashflow positive position only a couple of months after launching.
After quietly launching in September, Middle Eastern prime brokerage, Fortress Prime, has announced that it aims to get regulated by the UK Financial Conduct Authority (FCA). The company is a division of Fortress Investments LLC which is 100% owned by Fortress Capital Investments PJSC.
Fortress Investments is privately owned with a key share held by the Abu Dhabi royal family, providing the company with substantial financial and political strength. The prime brokerage division, Fortress Prime, is run by Mitch Eaglstein, while the company’s board benefits from the presence of His Highness Sheikh Mohammed Bin Sultan Bin Hamdan Al Nehayan as Honorary Chairman and Partner.
Based in Dubai, Fortress Prime is regulated by the United Arab Emirates Central Bank, with Fortress Investment LLC being regulated as a private bank. Since launching in September, Fortress Prime has been delivering Liquidity in FX and precious metals, and is working on delivering CFDs on global indices and commodities.
Forex Magnates' reporters reached out to the company’s CEO, Mitch Eaglstein, to enquire about the future plans of the company and he shared that Fortress Prime is already looking to open an office in London and to obtain an FCA license.
Coinciding with the immense growth in volatility on the foreign exchange market, the company is expected to be cashflow positive in the fourth quarter of this year and has been focusing exclusively on the Middle East and North Africa (MENA) region, with Asia and Latin America being the other target areas for further growth.
The company’s CEO, Mitch Eaglstein outlined, “We are extremely excited to achieve sustainable growth in such a short period of time. During the past several months, our team has worked diligently in order to realize these incredibly positive results on all fronts. The forex landscape is changing rapidly with recent increase in volatility and constant evolution in clients’ expectations.”
According to Mr. Eaglstein, the company is seeing substantial demand for gold and silver with major currency pairs following suit. Having Sharia accounts offerings is also essential in MENA and when asked by Forex Magnates what it takes to conduct business successfully in the region, Fortress Prime’s CEO shared that having a physical presence in the region is crucial.
“Introducing your team and showing your prospective customers how do you do business are key aspects when doing business in the Middle East. It also takes a lot of time to develop relationships and add value in different ways - you can’t just provide FX execution, it would help to be able to provide wealth management services or Risk Management advise. Your customers need to see you as a true partner,” he added.
After quietly launching in September, Middle Eastern prime brokerage, Fortress Prime, has announced that it aims to get regulated by the UK Financial Conduct Authority (FCA). The company is a division of Fortress Investments LLC which is 100% owned by Fortress Capital Investments PJSC.
Fortress Investments is privately owned with a key share held by the Abu Dhabi royal family, providing the company with substantial financial and political strength. The prime brokerage division, Fortress Prime, is run by Mitch Eaglstein, while the company’s board benefits from the presence of His Highness Sheikh Mohammed Bin Sultan Bin Hamdan Al Nehayan as Honorary Chairman and Partner.
Based in Dubai, Fortress Prime is regulated by the United Arab Emirates Central Bank, with Fortress Investment LLC being regulated as a private bank. Since launching in September, Fortress Prime has been delivering Liquidity in FX and precious metals, and is working on delivering CFDs on global indices and commodities.
Forex Magnates' reporters reached out to the company’s CEO, Mitch Eaglstein, to enquire about the future plans of the company and he shared that Fortress Prime is already looking to open an office in London and to obtain an FCA license.
Coinciding with the immense growth in volatility on the foreign exchange market, the company is expected to be cashflow positive in the fourth quarter of this year and has been focusing exclusively on the Middle East and North Africa (MENA) region, with Asia and Latin America being the other target areas for further growth.
The company’s CEO, Mitch Eaglstein outlined, “We are extremely excited to achieve sustainable growth in such a short period of time. During the past several months, our team has worked diligently in order to realize these incredibly positive results on all fronts. The forex landscape is changing rapidly with recent increase in volatility and constant evolution in clients’ expectations.”
According to Mr. Eaglstein, the company is seeing substantial demand for gold and silver with major currency pairs following suit. Having Sharia accounts offerings is also essential in MENA and when asked by Forex Magnates what it takes to conduct business successfully in the region, Fortress Prime’s CEO shared that having a physical presence in the region is crucial.
“Introducing your team and showing your prospective customers how do you do business are key aspects when doing business in the Middle East. It also takes a lot of time to develop relationships and add value in different ways - you can’t just provide FX execution, it would help to be able to provide wealth management services or Risk Management advise. Your customers need to see you as a true partner,” he added.
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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