Best Forex Brokers: EC Markets boosts MENA operations under new leadership
EC Markets, a leading global Forex and CFD broker, has announced the appointment of Omar Qumuq as its new Managing Director for the Middle East, based in the company’s Dubai office. The appointment marks a significant step in EC Markets’ regional expansion strategy as it deepens its focus on the Middle East and North Africa (MENA).
- Chosen by 3 200+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
“Omar joins us at a pivotal moment as we focus on expanding our presence in the region,” EC Markets stated in its official announcement. With over a decade of experience in financial services and trading, Qumuq brings both regional expertise and international perspective to his new role. Prior to joining EC Markets, he held senior positions at Doo Group, STARTRADER, and MultiBank in the UAE, where he contributed to strategic business scaling and operational development.
Vision for sustainable expansion in the Middle East
Throughout his career, Omar Qumuq has cultivated a strong network of relationships across the Middle East and has demonstrated a consistent ability to build and expand businesses in highly regulated and competitive markets. He has made it clear that his leadership approach extends beyond short-term performance metrics.
“The Middle East is an exciting region for financial markets, my vision is for EC Markets to be a true partner in the region, we want to understand local traders, listen to their needs, and deliver real value. By growing our team and strengthening our presence, we are creating a foundation for lasting impact,” Qumuq said.
His strategic goal for EC Markets is to combine global best practices with local insight, ensuring the broker’s clients have access to world-class services tailored to their unique needs.
Building regional presence and long-term value
Under Qumuq’s leadership, EC Markets plans to expand across the GCC and other key MENA markets, with new offices expected to open in the near future. The current Dubai office, which employs 30 professionals, is projected to grow into the hundreds as the company invests in local talent. The broker aims to form partnerships with fintech innovators, educational institutions, and regulators to foster sustainable growth.
With Omar Qumuq at the helm, EC Markets is poised to become a trusted regional partner, bridging Middle Eastern traders with global financial opportunities while upholding the highest standards of transparency, service, and innovation.
Read also: EC Markets expands presence in Latin America with opening of Mexico office
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