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XS.com has obtained a regulatory licence from the Securities & Commodities Authority (SCA) of the United Arab Emirates, marking a significant expansion of the multi-asset broker's global regulatory footprint.
The licence enables XS.com to establish a new entity in the UAE operating under an SCA Category 5 licence, allowing the broker to conduct business under one of the world's most stringent regulatory frameworks.
Shadi Salloum, Regional Director of XS.com in the MENA
Shadi Salloum, Regional Director of XS.com in the MENA, said:
"Securing our new SCA licence in UAE is a moment of pride for everyone at XS.com and a powerful validation of the credibility we have built over the years. The United Arab Emirates is a prestigious and dynamic global financial hub, and being licensed here represents not only a regulatory milestone but also a clear signal of our commitment to excellence, transparency, and client protection."
The UAE licence adds to XS.com's existing regulatory authorisations across multiple jurisdictions. The broker currently holds licences from the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), the Labuan Financial Services Authority (LFSA) in Malaysia, the Financial Sector Conduct Authority (FSCA) in South Africa, the Financial Services Commission in Mauritius (FSC), and the Ministry of Commerce and Industry (MOCI) in Kuwait.
XS.com was established in Australia in 2010 and provides access to trading across multiple asset classes. The company is a multi-asset broker offering trading services to retail traders, institutional investors and brokers, with offices in various locations globally.
The broker provides access to institutional liquidity and trading technology alongside relationship management and customer support services.
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