iFOREX, a forex and CFDs broker, has expanded its product
range by adding CFDs on Saudi Arabian and South Korean shares. The move
broadens the broker’s equity offering and adds exposure to two Asian and Middle
Eastern markets.
The product expansion comes as iFOREX has delayed
its planned London Stock Exchange IPO. The company said the delay is linked
to a “routine compliance inspection” by the British Virgin Islands regulator.
The review was disclosed in its registration documents and is nearing
completion.
iFOREX Adds Saudi, South Korean CFDs
Clients can now trade CFDs on shares of 13 Saudi companies
listed on the Saudi Exchange. The stocks cover sectors including energy,
technology, and finance. CFDs on selected South Korean shares are also
available.
The addition allows clients to trade Saudi stocks on
Sundays. The Saudi Exchange operates from Sunday to Thursday, unlike most major
global stock markets.
Commenting on the launch, iFOREX CEO Itai Sadeh said the
company is offering CFDs on shares from “Saudi Arabia and South Korea.” He
added that the expansion anticipates “important regulatory changes,
particularly in Saudi Arabia.”
Saudi Equity Market Opens, Broker Responds
The launch comes as Saudi Arabia continues efforts to
attract foreign capital and liberalise its equity market. Regulatory changes
under discussion include a possible easing of the 49% foreign ownership cap.
These changes are expected to be finalised in 2026.
iFOREX operates in 159 countries. It offers access to more
than 870 instruments, including FX, commodities, indices, stocks, ETFs, and
cryptocurrencies.
iFOREX Sponsors Ferencváros, Lech, PSV
Alongside its product expansions, iFOREX is also boosting
its brand presence in Europe through sports sponsorships. iFOREX Europe has
become the official back-of-shirt
sponsor for Hungarian champions Ferencvárosi TC. The partnership adds
to iFOREX’s sponsorships in Europe, complementing deals with PSV Eindhoven. Earlier, iFOREX increased its visibility by sponsoring Polish
football club Lech Poznań.
This article was written by Tareq Sikder at www.financemagnates.com.
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