Category 5 licenses have become a simple way for CFD brokers to enter the UAE. They may be on the way out.
UAE
Multi-asset broker INFINOX has reportedly obtained a Category Five licence for Arrangement and Advice from the UAE Capital Market Authority (CMA).
The approval of Fortrade (DIFC) Limited brings the company within the regulatory framework of the Dubai International Financial Centre.
Emirates Coin Investment LLC (EmCoin), a virtual asset trading platform licensed by the UAE Securities and Commodities Authority (SCA), has…
A free Forex Sales Specialist Training Program is set to be launched in the United Arab Emirates (UAE) in collaboration with FXCAREERS Dubai. The programme is being established and led by Ialit Matta, Chief Operating Officer of forex broker YaMarkets and founder of white-label forex broker firm YaPrime.
Traders in the Middle East and North Africa (MENA) region deposit over $1m in their accounts ten times as often as Europeans do, according to Capital.com
IC has struck a marketing partnership with the MoneyGram Haas F1 Team to become the latter’s Official FX Trading Partner.
The new license would mean that broker affiliates and IBs based in the UAE would have to get approval from the SCA to do business.
Sigma-One Capital was operating in Dubai using a firm called Gulf First Commercial Brokers. The firm targeted Indian traders in the UAE.
NAGA made almost 40% of its total revenues in the GCC region last year. The broker has made several sports deals already in the last 12 months.
The UAE may want money, control – or they think crypto is a means of exchange that will work in a more divided world.
Capital.com also said that Germany was its second biggest market, although the number of trades was less than half of the UAE total.
Traders that deposit $1,000 with amana and make 10 trades before the end of the campaign date will get a 1-carat diamond from ZS Jewelry.
Daman Markets is the first broker to partner with the Dubai Racing Club, with the company looking to elevate its brand to be a premium offering.
UAE stocks have become increasingly popular over the last couple of years. Scope Markets is tapping into the same sort of demand.
Almost half of respondents to the Capital.com survey expressed a willingness to relocate to the gulf state to further their careers, ahead of Germany.
