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June 23, 2023 - Multi-asset brokerage group ATFX has received the Arrangement and Advice license from the UAE Securities and Commodities Authority (SCA), strengthening its licensing in the Middle East.
The license was granted to ATFX Mena Financial Services LLC, a subsidiary of AT Global Markets Intl Ltd, the owner of the ATFX Brand and trademark. It has gained the Category Five status under the SCA's licensing regime allowing it to introduce clients as well as provide financial consultation and financial analysis.
"ATFX is proud and excited to be awarded this license by the UAE's Securities and Commodities Authority," said Joe Li, ATFX's Founder and Group CEO. "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, ATFX looks forward to being a significant part of the growth of the UAE's financial landscape".
CEO of ATFX Mena, Khaldoun Sharaiha also commented on the achievement of the SCA license "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."
ATFX has been actively pursuing licensing in multiple jurisdictions and says that it is on track to become one of the most well-regulated broker groups. Alongside the UAE, the company holds licenses in various regions, such as the United Kingdom, Cyprus, Seychelles, Mauritius as well as Jordan, on a partnered basis. The UAE branch of ATFX already employs approximately 30 staff members in various roles and anticipates significant expansion in the coming months.
