Following a recent overhaul of senior management as was exclusively reported by FNG, Retail FX broker group Exinity has announced the launch of its first branded product, Exinity Trader PRO. Under an Abu Dhabi Global Market (ADGM) license, Exinity Trader PRO will initially be available exclusively in the UAE as the group prepares to launch its global growth ambitions from the Emirates.

Commenting on the development, Jason Hughes, Commercial Director, Middle East & North Africa at Exinity said:

“We are delighted to launch the first of our innovative new products, Exinity Trader PRO, under an ADGM licence. This launch marks a key milestone in our global growth journey, which we are starting here in the UAE. With our particular focus on fast-developing regions around the world, including MENA and Africa, the UAE represents an ideal springboard for our growth plans, thanks to its unique role as a bridge between established and emerging markets and its commitment to innovation and fintech.”

Lex Webster, co-CEO added:

“The UAE is the largest fintech hub in the MENA region with ADGM playing an important role in creating a strong ecosystem for the continued success of the sector. The UAE is also home to tech-savvy investors, many of whom are looking for innovative, market-leading trading and risk management solutions to help them build wealth. That’s why we are excited about the potential of Exinity Trader PRO in the MENA region as it is designed to unlock the value of risk-driven trading for our clients giving them the ‘Freedom to Succeed’ at the touch of a button.”

Exinity Trader PRO is the first product which Exinity Group is bringing to market. Designed for the experienced trader it combines industry leading platform MetaTrader with what the company calls unrivalled pricing, flawless trade execution and expert analysis – all delivered with professional support from an experienced account management team in the UAE. Users will have access to global markets including shares, FX, indices and commodities from a single account with ultra-low trading costs – just $0.20 commission per lot on FX and CFD trades with spreads as low as zero, and commission-free trading on US shares.

In the coming months Exinity Group plans to launch Exinity World, an innovative mobile app providing simple access to risk-driven trading and investment backed by smart risk management tools, education and support. Exinity World has been designed to empower a new generation to become knowledgeable and confident investors, and is expected to launch in the MENA region in early Q3 2021.

Jason added:

“Our team has spent over two decades building up their knowledge of financial markets and this, combined with our expertise in customer education and technology, gives us the confidence to be bold and do things differently, in particular when it comes to unlocking the reward potential of risk-driven trading. We are excited to bring all this expertise together in our new product offering for experienced traders in the UAE and continue to expand our offering to reach additional geographies and audiences.”

Exinity was formally launched in June 2020, as an umbrella group comprising the various retail businesses owned by serial Retail FX entrepreneur Andrey Dashin including Alpari International, ForexTime (FXTM), and money transfer service AcruPay.