Dubai: When Bernd Skorupinski came to Dubai by way of Germany six years ago, he had no idea he would leave his job to become a fulltime trader. Foreign exchange currency trading, commonly referred to as forex, is a market where banks, businesses, investors and traders come to exchange and speculate on rising or dropping currencies. But to Skorupinski, the appeal to trade came from not only investing in an open market that requires little to feed and leverage, but also investing in himself. According to Abu Hantash, forex trading is more popular in the UAE than ever before, citing the number viet jet ipo brokers that have sprang up.
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Russian Central Bank revokes the licenses of five forex companies Alpari, Forex Club, TeleTrade and others. December 27, at PM. On December 27, the Central Bank of Russia revoked the licenses of the largest Forex dealers: Forex Club, Alpari Forex, Fix Trade. In a sweeping move, the Central Bank of Russia has just announced that it is annulling the Forex dealer licenses of some of the major.