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      ATFX secures Category Five License from UAE's SCA

      Published: just now

      ATFX secures Category Five License from UAE's SCA

      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. 

      ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA), and AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC). Connect is the Institutional arm of the wider ATFX Group. Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts. ATFX Connect provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious metals to a wide range of institutional clients from hedge funds, Tier 1 and regional banks, high net worth investors, asset managers, family offices and other brokers. ATFX Connect's liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group's MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API.

      This content may have been written by a third party. LiquidityFinder makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplies by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.
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