One of the most lucrative careers you can possibly have, financial traders have the opportunity to enjoy the high life and spend the earnings their well-paid job typically provides. Whether it’s through purchasing high-end fashion items or by dining out in the finest restaurants in town, it’s a career choice that can certainly cater to extravagance. Additionally, given the stresses of the job, financial traders can also travel around the world and enjoy different cultures.
Some financial traders even manage to work full-time in other countries as they look to immerse themselves in a new environment and spread their wings in a climate that’s foreign to them. For example, many professionals in this area flock to Dubai due to its warmer climate and five-star treatment, others prefer New York and can’t resist the opportunity to live in the Big Apple, while some adventurous traders like the idea of living in London and exploring its rich history. The options are extensive.
After all, financial trading is, of course, very adaptable. The advent of online trading means that traders can work remotely, making the choice of city they work out of far less important. Trading culture can essentially travel with you, in a sense. If, for instance, you were a Muslim living in Toronto, you could access a specialized Islamic online trading account that adheres to the financial aspects of Sharia Law. You don’t need to be tied down to a specific location, particularly as you can access the financial markets from pretty much anywhere. Despite this, though, there are still benefits to living in specific parts of the world as a trader.
Dubai is filled with financial traders
One location that offers a range of benefits to traders is Dubai. A city and emirate in the United Arab Emirates that has become famous for luxury shopping, ultramodern architecture, and its vibrant nightlife culture, Dubai also has a strong financial backbone that enables professionals in this arena to achieve positive results. For instance, as one of the most accessible cities in the world, Dubai appeals to forex traders. They can access global markets around the clock, it has top-notch telecom systems, and networking opportunities are guaranteed with like-minded professionals.
Additionally, this culturally diverse location has an advantageous tax regime; it’s a financial haven with strict regulations, cutting-edge technology, and a range of other advantageous options for traders to make the most of. Throw in the high living standards and it’s easy to see why Dubai is a place many traders call their home.
Toronto is another much-loved destination
Another popular city for traders to work out of is Toronto, the capital of Ontario. A thriving tourist destination that is packed full of soaring skyscrapers, green spaces, great places to eat and drink, and offers an all-round welcoming vibe that satisfies busy traders aiming to wind down after a challenging day tackling the financial markets, Toronto is ideal for many traders.
Whether they’re living alone or bringing their family with them, one of Canada’s economic powerhouses is capable of providing everything they require. From arts and museums, endless sports teams to watch, and nightlife to enjoy, it’s a multicultural favorite that many professionals adjust to fairly easily. It’s also a location with low crime rates compared to other major cities. Toronto has excellent education opportunities for families, and while housing is expensive, it’s still an affordable destination for many traders. Overall, despite Toronto not offering the same trading conditions as options like Dubai does, it’s still a major city that is well worth considering.
London is one of the biggest trading hubs around
While the unpredictable British weather might divide opinion, there are plenty of characteristics that make London one of the best locations to live and work out of. For traders, in particular, London has an excellent financial infrastructure. After all, there’s a reason why nearly every global financial institution has a presence there. Offering a convenient time zone and feather-light regulations that appeal to financial traders, London is the world’s primary financial hub for many, although it remains to be seen how the UK’s departure from the European Union will impact London’s long-term reputation in this space.
As of today, though, London attracts traders from around the world. Offering five-star restaurants, West End shows, Premier League football, historical locations, amazing nightlife, and possessing a multicultural population that many other major cities struggle to match, England’s capital is a wonderful place to settle down in. If you can look past the aforementioned rainy days, London’s offering is immense. For thousands of financial traders, this popular tourist attraction has become their home.
Zurich is another go-to option for traders
Although other popular cities with financial traders like New York and Paris also have their merits, Zurich is another favoured choice for many aspirational professionals in this sphere. A favourite with traders, Switzerland, in general, contains volatile markets and a high quality of life that many people struggle to ignore. While its cost of living is much higher compared to other major European cities, Switzerland stands out in other areas. For example, any trader who moves to Switzerland can immediately enjoy the prospect of lower taxes. This tax haven also boasts a business-friendly infrastructure, it’s one of the largest offshore financial centers around, Swiss companies are subject to low corporate tax, and it’s widely regarded as one of the world’s major commodity trading centers.
Alongside its business-friendly landscape is a way of life that appeals to professionals, with Zurich, in particular, having great healthcare facilities, reliable transport connections, low crime rates, charming Old Town architecture, and splendid views of the snowy Swiss Alps.
Other popular cities among financial traders include Chicago, Singapore, George Town, and Zagreb.
