ANAX Capital: A New Player in the MENA Online Trading Scene

FNG Exclusive: A fresh entrant in the Middle East and North Africa (MENA) online trading landscape has emerged, as ANAX Capital officially opens its doors for business. This launch marks a significant addition to the region’s financial ecosystem, promising to shake up the online trading arena.

Regulatory Backing and Licensing

Operating under a full (Category One) license awarded by the UAE Securities and Commodities Authority (SCA) to Anax Capital Financial Markets LLC, ANAX Capital is poised for legitimacy and growth. This regulatory endorsement not only instills confidence among potential clients but also highlights the company’s commitment to upholding the highest standards in operational transparency and financial integrity.

The company has established its headquarters on the 47th floor of the Aspin Commercial Tower, located on the bustling Sheikh Zayed Road in Dubai. This prime location not only provides a stunning view of the city but also places ANAX Capital in proximity to a myriad of financial institutions and businesses, enhancing its operational capabilities.

Leadership and Vision

At the helm of ANAX Capital is Chairperson Tabinda Sanpal, a notable figure in the regional business community. She is married to Dubai-based Indian entrepreneur Satish Sanpal, who serves as the Chairman of ANAX Holding—a diversified holding company worth approximately $3 billion. This company is primarily involved in luxury real estate and property development, along with a portfolio of premium resorts and restaurants.

Tabinda Sanpal also holds the majority stake in SSB Bazar Trading LLC, which possesses a Foreign Portfolio Investor (FPI) license from ORBIS India, enabling it to trade in Indian equities, futures, and options. Her multifaceted experience positions her as a visionary leader who understands the intricacies of both local and international markets.

The Executive Team

To support its ambitious vision, ANAX Capital has brought together a talented executive team from diverse backgrounds:

• Mitul Kapadia, the Chief Operating Officer (COO), brings a wealth of experience, having previously served as VP of Sales at Daman Securities. His career also includes tenure at Al Ramz, Menacorp, and the Al Rostamani Group, making him adept at driving sales and operational efficiencies.

Mitul Kapadia

• Shivanshu Shukla joins as the Senior Business Development Manager, lending his expertise after two years in sales with BelleoFX. His prior roles at Admirals, CLIQ FX, xDirect Markets, and Fidelis Capital Markets equip him with valuable insights into client needs and market trends.

• Ali Farghly, serving as Sales Manager, brings experience from his role as Senior Business Development Manager at Doo Prime. His background also includes a stint at DB Investing and AUS Global, which reinforces his capability to drive growth in sales channels.

• Raneesh Poothakkandi has stepped in as the Head of Operations, contributing his four years of operational experience at Phillip Futures DMCC. His focus on operational excellence will be essential in maintaining the smooth functioning of ANAX Capital’s offerings.

A Commitment to Excellence

The establishment of ANAX Capital not only symbolizes the continuous growth of the MENA online trading sector but also reflects the region’s increasing appeal to international investors. With a solid regulatory framework, a highly-skilled leadership team, and a strategic location, ANAX Capital is well-positioned to cater to a diverse clientele looking for reliable trading solutions.

As the company unfolds its offerings and innovations, industry observers will be keenly watching how it navigates this competitive landscape, especially in the light of evolving regulations and market dynamics. The leaders at ANAX Capital are prepared to respond to these challenges, with a commitment to providing exceptional service and value to their clients.

This article provides a comprehensive view of ANAX Capital’s launch and its potential impact on the MENA online trading landscape.