South African representative of the over-the-counter trading industry CAPEX has upheld some industry trends in expanding its business to the Middle East and recently announced that its managing company Key Way Markets Ltd has received a license from the FSRA Office, the financial regulator in Abu Dhabi.
Now, a forex broker will launch its activities in the United Arab Emirates, located in a new office in the Al-Sil Tower in Abu Dhabi Global Market Square, Abu Dhabi.
According to Madalina Rotaru, who is CEO of Key Way Markets, the ADGM license confirms the company’s commitment to providing Middle Eastern customers with a safe and secure environment in accordance with high industry standards and in strict compliance with regulatory requirements.
As representatives of CAPEX noted in their release, the company offers a kind of know-how solution, as well as the tools necessary to make trading on world markets accessible to a wide audience. By and large, the broker offers users trading on the popular MetaTrader 5 platform with advanced tools and the ability to hedge. The broker also provides an analytical solution in partnership with the provider Trading Central.
This is not the first license obtained by the South African Forex brand. In 2016, Key Way Markets received a work permit from the Cypriot financial regulator CySEC, and last year, in 2019, it received a license from the South African Financial Sector Supervisory Authority FSCA.