PrimeX Capital has become the latest CFD broker to secure
a license from the United Arab Emirates’ Securities and Commodities Authority
(SCA). The approval signals the broker’s formal entry into
one of the MENA region’s most tightly regulated markets.
“This license is not just a legal requirement; it is a
promise to our clients,” the company commented. “The UAE is the financial heart
of the region, and receiving the SCA’s approval validates our mission to
provide a secure, transparent, and world‑class trading environment for
investors in the Middle East and North Africa.”
Strengthening MENA Market Reach
Operating under SCA supervision allows PrimeX Capital
to extend regulated access to a broader base of traders across the Gulf and
North Africa.
The broker plans to enhance its localized services,
including Arabic-speaking client support and educational initiatives aligned
with investor needs in the region.
Read more: XM to Begin Using UAE Regulatory Approval from SCA
According to the company, clients under the new framework will benefit from
enhanced safeguards. The new SCA’s regulatory measures cover fund protection, fair
market conduct, and strict compliance with anti‑money laundering (AML) and
know‑your‑customer (KYC) obligations.
Registered in Dubai, PrimeX Capital offers forex and CFD trading across
global markets through technology‑driven platforms. The firm continues to
expand its international presence under recognized regulators while providing
traders with resources and support tailored to their needs.
More CFD Brokers Obtain UAE Licenses
More global brokers are steadily securing licenses
from the United Arab Emirates’ Securities and Commodities Authority, highlighting
the UAE’s rise as a tightly regulated hub for forex and CFD trading in the
Gulf.
Rostro Group, owner of retail broker Scope, secured a Category 5 license from the SCA last week, enabling the Dubai-based holding
company—founded in 2021 and active across multiple brokerages and fintech
brands—to expand its trading services across the region.
Finalto was also granted a similar approval, allowing the firm to operate under the country’s regulatory framework and provide services to professional and institutional clients in the UAE, with Conor Canny appointed as CEO for MENA.
Recently, the UAE automated parts of its authorization
process and is expected to reduce processing times by around one-third,
according to the regulator. The regulator reported that 18% increase in
applications in the first nine months of this year compared with the same
period in 2024.
This article was written by Jared Kirui at www.financemagnates.com.
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