BMFN partners with Noor Capital to branch into the Middle East

Noor Capital P.S.C has today announced the launch of Noor Global Markets, a new electronic trading service based in the Middle East, which has come to fruition as a result of a partnership between Noor Capital and retail FX platform provider BMFN.

BMFN recently established an office in Dubai in order to expand its presence in the Middle East following success in China with its ‘broker in a link’ solution by which white label partners can obtain an end to end enterprise brokerage solution by clicking a link and have their operations up and running in a matter of minutes. With this technology, the firm has onboarded over 4,000 white label partners in China across the Unitrader, Currenex and MetaTrader 4 platforms.

On the new partnership, Paul Belogour, Director of BMFN stated “I am very pleased to have partnered with Noor Capital and this is the start and gateway for a new business in the Arabic market.”

Abdul Jabbar Al Sayegh, Chairman of Noor Capital commented: “I am proud to enter this partnership with BMFN. This service will contribute to the ever expanding offering of financial services that Noor Capital provides to its customer base in the Gulf Corporation Council (G.C.C) region, and represents a great new opportunity for investors.”

Noor Capital is a private joint stock company and one of the investment houses licensed by the Central Bank of the United Arab Emirates, which offers a range of financial services including asset management, financial advisory services, private equity, wealth management, and distribution of investment products online.

Luis Sanchez, CEO of BMFN commented :The new direction of BMFN will lead us to open and develop new markets and this partnership with Noor represents a perfect synergy between the two companies to help us achieve that goal.”

Noor will offer MetaTrader 4, Unitrader, Currenex, its own IB program, white labels and other solutions including a series of money management tools its own API for retail and institutional clients.

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