By Andrei Skvarsky.
A new company, foreign exchange (forex) brokerage Finior Capital, has been launched at the international financial centre in Abu Dhabi.
While forex is its main specialism, Finior also offers brokerage services in metals, oil and other commodities trade, according to its newly-launched website, which has versions in English, Chinese and Arabic.
Finior is one of the first brokerages to be licensed by Abu Dhabi Global Market (ADGM), the financial centre in the United Arab Emirates’ capital city, and regulated by ADGM’s Financial Services Regulatory Authority.
In a statement, the broker said that one of its “unique offerings” are raw spreads on all products.
Finior clients will be able to use an updated MetaQuotes trading platform, MetaTrader 5 (MT5), which is available on desktop, web and mobile.
The brokerage said it would also use LD4 direct connections and that it had partnered with Tier 1 banks to enable traders to make direct deposits into their accounts.
Finior’s CEO is Mehdi Chennour, a former head of operations at London-headquartered forex brokerage Blackwell Global.
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