Proprietary trading firms headquartered in the UAE are rapidly growing their global footprint, leveraging the substantial growth in the proprietary trading sector. The UAE is increasingly becoming an attractive destination for companies seeking to relocate their headquarters from Europe and the UK.
- FundedNext:
Establishment: 2021
Headquarters: Dubai
Offerings: Forex funded accounts
Noteworthy: FundedNext has organized global prop trader meet-ups, formed strategic partnerships with Google, Meta, and MetaQuotes, maintaining a leading position among UAE-based prop firms. As of October 2023, the brand sees around 74,000 monthly searches.
- FTUK:
Establishment: Early 2021
Mission: Enhance prop trading through improved services
Distinctive Approach: Allows forex traders to start with an instant funding account, avoiding multiple trading challenges.
Support: Offers remote operations, in-house online coaching, and support.
Global Search Requests: Recorded 12,100 as of October 2023.
- Funding Pips:
Launch: Late 2022
Offerings: Forex trading, metals, indices, energies, and cryptocurrencies on major world markets.
Performance: Despite being a newcomer, the global search volume surged from 4,400 to 18,100 as of October 2023.
These firms represent examples of UAE-based companies expanding globally, providing high-quality products and services to a worldwide customer base. The region, particularly Dubai and the Middle East, is not only attractive for local businesses but is also increasingly appealing to companies considering relocating their headquarters.
Key Factors Attracting Businesses to the UAE:
GMT+4 Time Zone: Facilitates efficient service to clients worldwide during regular business hours, especially targeting market access in Europe, Asia, and Africa.
Business-Friendly Environment: Tax treaties and reduced business costs contribute to the attractiveness of the UAE.
Ownership Regulations: Since 2021, foreign companies can have 100% ownership in the UAE without the requirement of UAE nationals as shareholders.
Despite global economic challenges, the UAE’s labour market remains robust, with newly established fintech firms expanding their operations and contributing to employment growth.