Scope Markets has today announced the addition of a further 23 Dubai-listed stocks CFDs to its tradable universe, as the company continues to strengthen its worldwide product offering. This augments the 42 Abu Dhabi-listed stocks already being offered to clients.
Equity markets across the Middle East are seeing significant growth, but gaining economic exposure to these assets can be challenging, owing to cross-border ownership restrictions and high transaction charges for overseas investors. Scope Markets has addressed this by launching a range of long-only Middle Eastern stock CFDs, ensuring seamless access for the broadest possible range of customers.
Pavel Spirin, Chief Executive Officer of Scope Markets, commented: “Equity markets across the Middle East are flourishing right now, as asset owners look to leverage the benefits of wider share ownership. That’s creating a wealth of opportunities, but the barriers to ownership for overseas investors remain high. Scope Markets approach makes investing in these markets far more accessible to a much wider audience.”
A CFD offers most of the same benefits as ownership of a cash equity, with investors benefitting from dividend payments and other corporate actions. The 23 new instruments are priced based on the underlying exchange prices, with trading fees charged by Scope Markets reflecting the underlying exchange transaction fees with a small mark-up.
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Pavel Spirin adds: “There’s a theme of abundant confidence running through equity markets in the Middle East right now. As a business, we are building out our presence in the region and it’s clear to see how the smart investor of today wants to diversify their portfolio, in a way where stocks from the GCC can sit alongside investments from established markets such as the US, UK and Germany.”
These instruments are available on multiple Scope Markets account types, including those denominated in USD and AED.
About Scope Markets
The Scope Markets group is a diversified financial services group providing online trading facilities and institutional brokerage solutions to customers across the globe. Offering access to multiple asset classes and instrument types across both mobile and desktop platforms, Scope is a trusted partner delivering customer-centric solutions from a single venue. They are regulated in six different jurisdictions and support customers worldwide.
