Habib Bank AG Zurich Launches Secure Online Forex Platform

Habib Bank AG Zurich (HBZ), one of the leading international banks operating in the United Arab Emirates, has announced the launch of HBZefx - its new, Foreign Exchange Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. HBZefx is designed to provide a wide range of real-time services to its growing number of clients.

HBZefx is a flexible online tool that enables HBZ customers to buy and sell currencies through HBZ web, the bank's secure online banking platform. HBZefx provides instant access and real time currency quotes.

HBZ's competitive pricing, Straight Through Processing and flexibility to transfer funds directly between accounts makes the service accessible 24/7. The platform is available for existing and all new HBZ customers.

Arif Lakhani, Chief Executive Officer of HBZ UAE said "With today's fast moving global currency markets, it is essential that customers have time real-time access in order to take advantage of market swings. In the last few years, we have seen an impressive growth in the number of Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trades, and expect these numbers to escalate in the coming years. The launch of HBZefx reaffirms our commitment to delivering an unrivalled service to our customers."

He continued, "HBZefx is designed to provide an innovative, secure and user-friendly platform to trade real time currencies. The platform enables users to gain access to real time markets, and we offer the convenience of multiple settlement options".