Moneta Markets Enters Dubai with Its Ongoing Expansion Drive

Wednesday, 19/07/2023 | 07:28 GMT by Arnab Shome
  • The broker obtained a Mainland Company License in Dubai.
  • It is now moving to strengthen the Dubai team.
Dubai skyline

The CFDs broker, Moneta Markets has expanded its reach in the Middle East by obtaining its Mainland Company License in Dubai. Announced today (Wednesday), the broker highlighted the step to be the next phase in its strategic global expansion.

Moneta Markets Expands to Dubai

The Dubai Mainland License is granted to all companies registered under the Dubai Economic Department (DED). It gives the companies freedom and flexibility to grow and operate in the region. However, it is not a financial services license.

"We are incredibly proud to announce that Moneta Markets is spreading its wings into Dubai," said David Bily, the Founder and CEO at Moneta Markets.

"Securing an operational license in this vibrant global business hub is a significant step forward in our ambition to offer unparalleled brokerage services worldwide. This development not only enriches our global footprint but also underpins our commitment to being a locally embedded partner to our clients across regions."

Moneta Markets was launched in mid-2020 under the umbrella of Vantage Group and operated as an offshore broker. The brand officially separated from Vantage last year. Recently, the broker obtained a financial services license from the regulator in Seychelles, and it also holds regulatory approval in South Africa as well as St. Vincent and the Grenadines.

A Strong Team and Management

The official press release elaborated that the broker will transfer key members of its management team to Dubai. According to the company, this move is part of a larger strategic plan to strengthen regional relationships. Thus, the broker is planning to tap local talent to onboard staff in its Dubai office.

"Our decision to move key management to Dubai signifies the importance we attach to this region. We believe that having a local presence will enable us to better understand and serve the unique needs of our clients here," Bily added.

"We see tremendous potential in Dubai's talented pool of industry professionals. By recruiting top local talent, we aim to build a team that understands the pulse of the region, and thereby ensure we provide the best-in-class services that Moneta Markets is known for."

Rakuten brings AI Assistant; Argo raises money; read today's news nuggets.

The CFDs broker, Moneta Markets has expanded its reach in the Middle East by obtaining its Mainland Company License in Dubai. Announced today (Wednesday), the broker highlighted the step to be the next phase in its strategic global expansion.

Moneta Markets Expands to Dubai

The Dubai Mainland License is granted to all companies registered under the Dubai Economic Department (DED). It gives the companies freedom and flexibility to grow and operate in the region. However, it is not a financial services license.

"We are incredibly proud to announce that Moneta Markets is spreading its wings into Dubai," said David Bily, the Founder and CEO at Moneta Markets.

"Securing an operational license in this vibrant global business hub is a significant step forward in our ambition to offer unparalleled brokerage services worldwide. This development not only enriches our global footprint but also underpins our commitment to being a locally embedded partner to our clients across regions."

Moneta Markets was launched in mid-2020 under the umbrella of Vantage Group and operated as an offshore broker. The brand officially separated from Vantage last year. Recently, the broker obtained a financial services license from the regulator in Seychelles, and it also holds regulatory approval in South Africa as well as St. Vincent and the Grenadines.

A Strong Team and Management

The official press release elaborated that the broker will transfer key members of its management team to Dubai. According to the company, this move is part of a larger strategic plan to strengthen regional relationships. Thus, the broker is planning to tap local talent to onboard staff in its Dubai office.

"Our decision to move key management to Dubai signifies the importance we attach to this region. We believe that having a local presence will enable us to better understand and serve the unique needs of our clients here," Bily added.

"We see tremendous potential in Dubai's talented pool of industry professionals. By recruiting top local talent, we aim to build a team that understands the pulse of the region, and thereby ensure we provide the best-in-class services that Moneta Markets is known for."

Rakuten brings AI Assistant; Argo raises money; read today's news nuggets.

About the Author: Arnab Shome
Arnab Shome
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About the Author: Arnab Shome
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
  • 6420 Articles
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