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ANAX Capital, a newly established CFD brokerage, has officially entered the financial landscape of Dubai, backed by an estimated $8 million in funding.
Operating under the name Anax Capital Financial Markets LLC, the firm has successfully obtained a Category One license from the UAE Securities and Commodities Authority (SCA), granting it the ability to cater to both retail and professional clients in the region.
With its headquarters strategically positioned on the 47th floor of Dubai’s Aspin Commercial Tower, ANAX Capital is set to offer a comprehensive suite of financial services, including forex and CFD trading, as well as access to international markets spanning futures, options, metals, indices, and U.S. equities. The firm’s leadership has expressed a strong commitment to expanding its presence across the MENA region, aiming to establish itself as a key player in the UAE’s regulated financial services sector.
At the helm of ANAX Capital is Chairperson Tabinda Sanpal, a seasoned professional with extensive experience in capital markets and business leadership.
Sanpal is also the majority owner of SSB Bazar Trading LLC, a firm holding a Foreign Portfolio Investor (FPI) license for trading in Indian equities and derivatives. Her leadership is expected to bring strategic direction and industry expertise to ANAX Capital as it navigates the competitive financial landscape.
The company marked its official launch with a high-profile event at Palazzo Versace, attended by VIP guests, industry professionals, and media representatives. The event served as a celebration of ANAX Capital’s entry into the UAE’s financial sector and reinforced its commitment to providing sophisticated, reliable, and seamless trading experiences for investors.
ANAX Capital’s leadership team includes Chief Operating Officer Mitul Kapadia, who brings over 13 years of experience in global capital markets. Kapadia has emphasized the firm’s dedication to governance, transparency, and service quality, ensuring that ANAX Capital aligns with international regulatory standards while delivering top-tier financial solutions to its clients.
With a solid regulatory foundation, experienced leadership, and a strategic market position, ANAX Capital is poised to play a significant role in shaping the future of online trading and financial services in the UAE.
The firm’s entry into the market signals a growing demand for regulated brokerage services, and its expansion plans across the MENA region indicate a long-term vision for sustained growth and industry influence.
The Category One license in the UAE is a regulatory certification issued by the UAE Securities and Commodities Authority (SCA), allowing financial firms to operate as brokerage and trading service providers. While specific requirements may vary, obtaining this license generally involves:
– Capital Requirements – Firms must meet a minimum capital threshold, which can vary based on the scope of services offered.
– Regulatory Compliance – Applicants must adhere to SCA regulations, including risk management, governance, and transparency standards.
– Operational Infrastructure – Companies must demonstrate adequate technological and operational capabilities to support trading activities.
– Qualified Personnel – The firm must employ experienced professionals with relevant expertise in financial markets.
– Legal Documentation – Submission of business plans, financial statements, and compliance reports is required.
– Physical Presence – The company must establish a registered office in the UAE.
Several financial firms in the UAE hold a Category One license, allowing them to operate as brokerage and trading service providers. These firms are regulated by the UAE Securities and Commodities Authority (SCA) and must meet stringent requirements to obtain and maintain their licenses.
Some firms that operate under this license include:
- ANAX Capital – A newly launched CFD brokerage in Dubai.
- Financial institutions in the Dubai International Financial Centre (DIFC) – Many firms in DIFC hold Category One licenses, enabling them to conduct activities such as accepting deposits and managing unrestricted profit-sharing accounts.
- Abu Dhabi Global Market (ADGM) financial firms – ADGM is home to several financial institutions that operate under different licensing categories, including Category One licenses.
For a more detailed list, please visit the Securities and Commodities Authority’s official website here.
