The global trading platform XTB has obtained first and second category licenses from the Capital Markets Authority (CMA) in the United Arab Emirates for its local subsidiary. This move aims to strengthen its regional presence and enhance its capacity to provide comprehensive brokerage services to investors, while also expanding its range of advanced investment products in the near future.
These licenses are a crucial component of XTB’s growth strategy in the region, allowing the firm to better address the needs of local investors within a comprehensive regulatory environment in the UAE.
With the acquisition of the first and second category licenses from the CMA, XTB continues to localize its operations and solidify its long-term commitment to its clients in the UAE and GCC markets.
Ashraf Dred, CEO of XTB for the Middle East and North Africa, stated, “Receiving the license from the CMA marks a significant milestone in our business journey in the region. It enables us to work more closely with our clients while adhering to one of the most respected regulatory frameworks in the world.”
This development comes at a time when the UAE has successfully established an integrated and attractive environment for financial services companies, combining regulatory clarity with a long-term economic vision. We see sustainable growth opportunities in this market and aim to build the future of our business here.