Economic growth of 3.2% in 2022: FOREX.com brings real-time trading expertise to the region

0

Dubai: As the global economy struggles to recover from the aftermath of the pandemic, financial markets are more volatile than ever. Insecurity, instability and a general feeling of uncertainty have become the norm. Investors need a stable, reliable voice to guide them through the noise, enabling them to secure short- and long-term investments with confidence – that’s where Forex.com comes in.

Part of StoneX Group Inc., Forex.com is a global market leader providing independent traders with the technology and tools they need to connect to global markets. Since 2001, Forex.com has established award-winning platforms, services and technologies that have been used by over 500,000 traders worldwide.

Ritu Singh, Regional Manager, Stone X Group Inc. comments, “Forex.com has been in the region for some time, providing expert service to our valued clients. With the acquisition by StoneX Group Inc., we have the unique opportunity to enrich our heritage and offerings, combining local support with global strength and unparalleled infrastructure. We have long-term investment plans for the region and our goal is to bring personalized tools and services to our customers here. We’re starting by offering our latest product – Extended Hours Stocks – which gives equity traders in the region access to the most popular US stocks outside of market hours.

Experts predict that the global economy will slow as we approach 2023 as the post-COVID recovery and political tailwinds fade. After growth of 6.1% last year, the IMF predicts that economic growth in 2022 will reach 3.2% and output in 2023 will only increase by 2.9%, assuming we avoid a recession. world.

The continued recovery through COVID shutdowns and restarts has also disrupted global supply chains, leading to greater instability in economies around the world, including in the Middle East. Although the region is expected to perform better than the global economy as a whole, changes in fuel and food prices are likely to have an impact. Global investors need to consider the impact of demand and supply chains on trade around the world, and Forex.com experts provide this much-needed insight.

Forex.com offers retail clients easy access to over 9,500 markets worldwide, providing cutting edge trading technology including platforms, tools and execution. With a dedicated team and office in the UAE and a dedicated MENA HNW proposition, Forex.com is a highly regulated brand, with services regulated by seven legal entities globally.

-Ends-

About FOREX.com

FOREX.com is part of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company, and meets the highest standards of corporate governance, financial reporting and disclosure. FOREX.com gives its clients access to over 9,500 tradable markets and is a global market leader in the leveraged trading industry.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects businesses, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, highly tactile service and deep expertise. The company strives to be the only trusted partner for its customers, providing its network, products and services to enable them to seize business opportunities, manage their market risks, make investments and improve their business performance. A Fortune-500 company headquartered in New York and listed on the Nasdaq Global Select Market (NASDAQ:SNEX), StoneX Group Inc. and its more than 3,300 employees serve more than 45,000 commercial and institutional clients, and more than 370,000 active retail accounts, from over 40 offices across five continents. Further information on the Company is available at www.stonex.com.

For more details, please contact:
Mohammad Khatab
ROW Marketing Director, StoneX Group Inc.
mohamed.khatab@stonex.com

Share.

About Author

Comments are closed.