ATFX has strengthened its presence in the Middle East by securing an Arrangement and Advice license from the UAE Securities and Commodities Authority (SCA). Announced today (Thursday), the Category Five license will allow the broker to introduce clients and provide financial consultation and analysis.

ATFX's New UAE License

The license was granted to ATFX Mena Financial Services LLC, a subsidiary of AT Global Markets Intl Ltd, which owns the ATFX Brand and trademark. Currently, the UAE office has about 30 staff as ATFX is planning a "significant expansion in the coming months" in the region.

"ATFX is proud and excited to be awarded this license by the UAE's Securities and Commodities Authority," said ATFX's Founder and Group CEO, Joe Li. "With this license, we are able to realize our 'client-first' vision in the Middle East, particularly in the UAE, and provide our globally recognized offerings to our audiences here."

"We have always strived to be a partner and friend to our clients through our innovative products, best-in-class trading conditions, and top-notch client service facilities. Under the auspices of SCA's global standard of regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term, ATFX looks forward to being a significant part of the growth of the UAE's financial landscape."

Ongoing Expansions

ATFX is well-regulated forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and contracts for differences (CFDs) broker that operates with licenses from regulators in the United Kingdom, Cyprus, Mauritius, as well as Saint Vincent and the Grenadines.

It has a presence in the Middle East, as it entered Jordan last year with a partnership deal with an Ammam-based brokerage and investment firm, ASWAQ Invest. The FX/CFDs broker also opened a Jordanian office to expand its services to the Levant region.

"The UAE's pioneering role in drafting regulations and driving industry development across various asset classes is a boon to the investors in the region and paves the way for forward-thinking firms to offer a secure and productive environment for such investors." said the CEO of ATFX MENA, Khaldoun Sharaiha.

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