ICICIDirect.com to Offer Derivatives Online Trading for NRI’s
India’s largest provider of online trading services is now providing an online trading platform for derivatives for NRI’s in the Gulf (Middle-East Asia).
With a fully integrated online trading platform, ICICIDirect.com is safe and secure.
Besides the online trading facility, customers will also have an option to call and trade.
According to ICICIDirect.com, around 1.7 million customers are currently using its online trading platform.
Anup Bagchi, executive director at ICICI Securities adds that around 33% of the total population and 50% of the work force in UAE comprises of Indians. Bahrain has around 290,000 Indians. This means there is a large potential for ICICIDirect to expand its customer base in these regions.
Besides the online trading facility, ICICIDirect.com will also launch educational campaigns for NRI’s at various overseas locations with a special emphasis on F&O trading.
Derivatives can be used for speculation as well as risk-management. This online trading facility will be allow clients to hedge their positions in volatile markets.