The foreign exchange services industry, estimated to be worth USD 8 billion in 2021, is projected to expand at a compound annual growth rate (CAGR) of 8.2 percent to reach USD 15.78 billion by 2029. It is the biggest financial market in the world, with over USD 6 trillion worth of trading activity every day. Open five days a week, twenty-four hours a day, the market is situated in multiple international time zones that overlap.
According to statistics, the daily turnover of the global foreign exchange market is over USD 7500 billion, taking into account 39 different currencies from 2001 to 2022. The best-performing currencies are the US and the Euro, with the USD having three times the daily transaction volume of the EUR.
Investing with a partner you can trust is crucial considering the market is uncontrolled. This is the point at which having a dependable, knowledgeable broker is essential. A forex broker needs to comply with national regulations in its home country. A broker’s leverage and margin, charges and spread, minimum deposit requirements, and available withdrawal methods should all be taken into account. Given the market’s volatility, it’s also critical to comprehend the currency pairings to increase your prospects. When the broker’s trading platform has its own in-built technical analysis tools, it becomes even more advantageous.
One such trustworthy brokerage company that has been offering expert trading services in the Middle East since 2004 is DeltaFX. Several independent firms regulate this multi-award-winning brokerage firm to guarantee the highest level of openness for its clients.
Currently, DeltaFX safeguards the interests of its clients by serving as a member of The Financial Commission. Access to an array of trading symbols, trading accounts, leverages, and even the ability to switch brokers commission-free is made possible by DeltaFX. For improved trading, a free VPS option is also available for select consumers. One of the few brokers worldwide that assures non-slippage trading services is DeltaFX, with over 2,000 products on MetaTrader 4 and over 1,500 cryptocurrencies on MetaTrader 5. A significant portion of the credit goes to its crew as they have earned numerous titles for their trading experiences and various services all around the world.
The CEO of DeltaFX, Omid Asefi, has made sure that the company has a dependable client service 24/7. His innovative approach to building and implementing the broker copy trading system has been crucial. Under his direction, DeltaFX has quickly spread throughout the Middle East. It has even entered into agreements with additional suppliers, enabling it to offer an ECN account with the lowest market spreads. This year, Omid Asefi and his team decided to modernise the web dashboard on their platform to facilitate better business intelligence (BI) and upgrade the customer cabin for better use. In addition, DeltaFX’s reputation as a trustworthy broker is expected to grow in the upcoming years thanks to a new Metacod licence, the launch of loyalty programmes for select broker clients, and the news bulletin function for clients. In recognition of all of their hard work and contributions, World Business Outlook has honoured Mr. Omid Asefi and his company with the awards, The Most Innovative Manager in Financial Market MENA 2023 and The Most Trusted Broker in MENA 2023.
