FX Talent Specialist FinTop Wants to Expand in Dubai and APAC amid Industry Boom

Forex industry recruitment specialist FinTop Consulting is looking to expand beyond its base in London and Cyprus. The company is now seeking to acquire boutique recruitment agencies based in the UAE, Europe, the USA, or the Asia Pacific.

FinTop’s Expansion Drive

The two founding partners of FinTop, Kishore Panjwani and Reece Pawsey, posted on LinkedIn about their plans to expand through acquisitions.

They detailed that their target business profile would be companies generating £500k EBIT annually, with strong client relationships and niche expertise.

Further, FinTop is also open to founders seeking the “next stage of growth or an exit.”

The New FX and CFDs Hubs

The expansion plans come at a time when many brokers are increasing their presence in the Middle East, especially in Dubai. Big brands like XTB and Plus500 have also obtained local Dubai licences and established physical offices there to strengthen their position in the region.

The Middle East market's strict approach also became visible when many CFD brokers reported strong trading revenues from the region.

While London and Cyprus were once considered the hubs of retail trading, especially for CFDs, Dubai has now challenged their dominance. FinTop earlier revealed that salaries in the retail trading industry in Dubai are much higher than in Cyprus-based roles. Some Dubai-based roles even offer double the salary of those in Cyprus.

While the cost of living is lower in Cyprus, Dubai offers tax-free income.

In addition, the vast talent pool in Dubai is another reason why many brokers are setting up their operations in the city.

Read more: IC Markets Seeks UAE License; Eightcap Secures a New Dubai License

Meanwhile, the Asia Pacific region is another growth market for the CFDs industry. Although the region does not regulate retail CFDs like Europe or Dubai, brokers are aggressively expanding in countries such as Vietnam, Thailand, and China. India is also a major market where many brokers now offer services.

Interestingly, Exness recently stopped onboarding new clients from India but continues to serve existing ones.