EC Markets Secures UAE License, Expanding Global Regulatory Reach

EC Markets has successfully obtained a Category 5 license from the Securities and Commodities Authority (SCA) of the UAE, further strengthening its global regulatory footprint. This approval allows the brokerage firm to introduce clients, market its services, and provide financial consultations within the UAE’s tightly regulated financial sector.

With this latest milestone, EC Markets joins a select group of international brokers operating under SCA oversight, reinforcing its commitment to compliance and transparency. The firm already holds licenses from the UK’s Financial Conduct Authority (FCA), Australia’s ASIC, and South Africa’s FSCA, among others.

The licensing process involved a rigorous evaluation, supported by Varnavas Playbell & Co. LLC, ensuring that EC Markets met stringent regulatory requirements. This expansion aligns with the company’s broader strategy to establish a strong presence in the Middle East, a region experiencing rapid financial growth and fintech innovation.

EC Markets’ Chairman and CEO, Matt Smith, emphasized the significance of this achievement, stating that regulatory approval is not a barrier but a foundation for delivering innovative, transparent, and reliable financial services.

By securing this license, EC Markets is well-positioned to serve both retail and institutional investors in the UAE, offering tailored financial solutions backed by robust regulatory oversight.

The UAE has a well-regulated financial sector, making it an attractive destination for Contract for Difference (CFD) trading. Several reputable brokers operate in the region, offering access to forex, commodities, indices, stocks, and cryptocurrencies.

Some of the well known CFD Brokers in the UAE

1. Pepperstone – Known for tight spreads and fast execution speeds.
2. AvaTrade – Offers fixed spread forex trading.
3. IG Markets – Good for low minimum deposit requirements.
4. XTB – Popular among traders in the Middle East.
5. Saxo Bank – Provides VIP trading accounts.
6. XM – Best for Islamic accounts.

Regulation & Compliance

CFD brokers in the UAE are regulated by:

• Dubai Financial Services Authority (DFSA)
• Abu Dhabi Global Market (ADGM)
• Central Bank of UAE
• Securities and Commodities Authority (SCA).

Trading Platforms & Features

Most UAE CFD brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with proprietary platforms. Traders benefit from:

• Leverage up to 30:1 for retail clients.
• Access to thousands of markets.
• Competitive spreads and commissions.
• Islamic trading accounts for Sharia-compliant investing.

For a detailed comparison of CFD brokers, you can check ADVFN Broker Listing.

 

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