Dubai:  In the past years, investors based in the GCC have shown a rising interest in investing in the US Equities market, in addition to their activity on the vibrant GCC Equities markets, especially in the UAE and KSA. This has driven trusted trading companies to cater to such ambitions by providing exclusive advantages that allow them to tap into the full potential of the US Equities market which houses iconic exchanges, such as the New York Stock Exchange (NYSE) and NASDAQ.

According to FOREX.com Part of StoneX Group, one of the most dynamic trading companies in the UAE, evolving with customers’ requires great agility and fast action. In this line, the company has just announced that its customers can now trade a wide range of leading US stocks, including Tesla, Meta, and Amazon, commission-free*, offering UAE-based investors new possibilities in the world’s largest equities markets.

“Now, FOREX.com customers can trade tier-one US stocks without any commission fees*. They also benefit from competitive pricing and extended trading hours for major US Stocks with privileged access to earnings reports, both before and after regular market hours. This gives them a definite edge rather than waiting for the market to open which could delay their investment opportunities”, says Ritu Singh, Regional Director at FOREX.com.

From a wider perspective, research has revealed that GCC stock markets may exhibit varying degrees of association with the Dow Jones stock market, one of the most prominent indices in the US. Additionally, there is significant evidence of return and volatility spillover between GCC stock markets and global factors.

This level of correlation between the two markets can fluctuate, depending on prevailing circumstances. However, UAE-based investors seem to find the two markets complimentary.

On one hand, the US stock market is home to an expansive range of sectors and industries, offering diversified investment opportunities. On the other hand, GCC markets are more sector-concentrated. Despite the fact that oil and gas hold significant sway in such markets, they’re growing steadily and more diversified with sectors such as technology, real estate, and manufacturing attracting the attention of global funds, contributing to shielding these markets from oil price shocks, as stated in a report published in the Journal of Chinese Economic and Business Studies, dubbed "The financial interconnectedness between global equity markets and crude oil: evidence from the GCC."

It is noteworthy that FOREX.com allows investors to trade 5,500+ popular stocks, commission-free until March 31, 2024.

Disclaimer: *Bid and Ask spread cost still applies.

Disclaimer:

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Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries.

FOREX.com is a trading name of GAIN Global Markets Inc. which is authorized and regulated by the Cayman Islands Monetary Authority under the Securities Investment Business Law of the Cayman Islands (as revised) with License number 25033.

GAIN Global Markets Inc. is part of the GAIN Capital Holdings, Inc. group of companies, which has its principal place of business at 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059, USA. All are separate but affiliated subsidiaries of StoneX Group Inc.

About StoneX Group Inc.

StoneX Group Inc., through its subsidiaries, operates a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise. The company strives to be the one trusted partner to its clients, providing its network, product and services to allow them to pursue trading opportunities, manage their market risks, make investments and improve their business performance. A Fortune 100 company with a nearly 100-year track record, StoneX Group Inc. serves more than 50,000 commercial, institutional and payments clients, and more than 370,000 retail accounts, from nearly 80 offices across six continents.

Further information on the Company is available at www.stonex.com.

About Forex.com

FOREX.com is part of StoneX Group Inc. (NASDAQ: SNEX), a publicly traded company that meets the highest standards of corporate governance, financial reporting and disclosure. FOREX.com gives  its clients access to more than  5,500 tradable markets and is one of the global market leaders in leveraged trading.

www.forex.com