AUS World, a foreign exchange and contracts for variations (CFDs) dealer established in Australia, is now specializing in the markets within the Center East and has obtained a Class 5 license from the United Arab Emirates’ Securities and Commodities Authority (SCA).
“This milestone strengthens our dedication to safe and progressive buying and selling options worldwide,” the dealer famous (translated from Arabic) whereas saying its new license on LinkedIn.
Working with A number of Licences
Along with the brand new UAE licence, the CFDs dealer is authorised by regulators in Australia, Cyprus, South Africa, Mauritius, and St. Vincent & the Grenadines. The brokerage was first established in Melbourne in 2003 and presents retail buying and selling companies with CFDs of a number of asset courses.
Final 12 months, Finance Magnates reported on AUS World’s sponsorship deal with Spanish soccer membership Actual Betis. Below the phrases of the deal, the dealer branded the workforce’s jersey shorts till the tip of the 2024–2025 season. Curiously, Actual Betis partnered with a number of retail CFDs brokers earlier than AUS World.
Constructing a Staff within the UAE
Aside from the brand new UAE licence, the dealer additionally strengthened its workforce within the nation by onboarding Tawfiq Mashaqi because the Gross sales Director. Mashaqi joined the Dubai workplace of the dealer earlier this month and is liable for gross sales technique improvement, amongst different issues.
He’s an skilled CFDs gross sales skilled who spent the final 9 years within the business, particularly with Center East-focused brokers. Earlier than AUS World, he was a Enterprise Improvement Supervisor on the Dubai places of work of MultiBank Group for greater than a 12 months. He additionally spent one other three-year tenure with the identical dealer. Between his two intervals with MultiBank, he was the Gross sales Director at Abu Dhabi-based Merchants Hub Forex Brokerage. His different business expertise consists of being part of the gross sales workforce at Q8 Commerce.
Different CFDs brokers that not too long ago gained new UAE licences are BDSwiss and Capital.com. Whereas Capital.com is experiencing a stable progress trajectory, BDSwiss’ Cyprus licence was not too long ago suspended, with which it was working its B2B unit.
This text was written by Arnab Shome at www.financemagnates.com.
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