IG Group expands into Middle East, opens office in Dubai
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Ig cfd dubai a ig cfd dubai that has built its foundations on financial spread betting, establishing an office in Dubai is hardly the most obvious destination. IG Group started out in offering spread betting best brokers with refer a friend promotion binaryoptionspostcom a type of speculation that involves taking a bet on the price movement of a security — and it was the only product it offered up untilwhen the company branched into contracts for difference.
Contracts for difference is the second biggest. All the clients that are papered to this business contract with IG Limited which is registered at this office. Quite a lot of FX. The company actually got its licence from the DFSA a couple of months ago, but held off launching it due to Ramadan. Hetherington also believes that contracts for differences CFDs will, in time, become a strong part of its business in Dubai. CFDs are a leveraged product, which means you only have to put down a small deposit for a much larger market exposure.
The leverage comes with significant benefits and risks: You want to trade on that and you ig cfd dubai that oil is going to go higher. You would buy an amount per point — and the per point is two digits on — so Hetherington says there were fundamental issues in the way the CFDs were used in that case, which ultimately gave the derivative a bad name. The other problem in Ireland was that bank stocks were being pledged as collateral for CFDs in the self-same banks.
Holding collateral against the same name that you want ig cfd dubai trade. That it is a disaster and we just do not allow it. We have never allowed it. He insists that CFDs ig cfd dubai not for stake building. The problem is the products that ig cfd dubai tend to trade off the back of are generally futures contracts or stocks where you can borrow and go short. IG offered some clients varying discounts on debts incurred, and several months ig cfd dubai, there are still 80 clients out of still ig cfd dubai debts outstanding or are in dispute with IG, according to recent media reports.
We were definitely hit by the Swiss franc — not to the extent that companies went bust or had to be recapitalised, but it definitely served as a wake-up call and it made us realise the danger of things which are pegged, manipulated, held in the wrong place, any variation of a theme of where a market is ig cfd dubai able to auto correct and self-adjust.
Hetherington says IG — in keeping with its business model — will never advise clients on where to invest. Lots of firms will advise you, some will implicitly advise you. We will help you to trade well, support and give information about products. Hetherington, however, hopes to see it grow like its Singapore office. There are five million people in Singapore and those people actually trade so much more. Their accounts are valuable and their propensity to trade is very high. It ends up that Singapore is more valuable to us than Germany with 80 million people in it.
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