The firm has rolled out two subsidiaries, including one in London during the last one year, as part of its multi-phase strategy to expand its operations across the world.
MIG Bank CEO Hisham Mansour said due to rising interest in Forex in Asia, Hong Kong was the natural choice for business expansion, where it has been licensed and regulated by the Hong Kong Securities and Futures Commission (SFC).
"This is part of a strategic development plan that will allow us to further improve the scope and quality of our services to our rapidly growing network of customers and partners in Asia," Mansour added.
"The new office will play a key role in our expansion plans for Asia, strengthening our presence there and increasing our market share in the region."
MIG Capital Asia CEO Brian Tsui will manage the new subsidiary, according to the company.
Specialized in offering online foreign exchange (FX), contracts for difference (CFDs) and precious metal trading, MIG Bank also delivers an array of banking services to private and institutional clients in more than 120 nations across the globe.
