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Global broker and fintech XTB has opened a new office in Dubai's One Central at the Dubai World Trade Centre, while simultaneously securing key regulatory milestones in the United Arab Emirates.
The company announced today that it has obtained a new Securities and Commodities Authority (SCA) license and renewed its Dubai Financial Services Authority (DFSA) approval, allowing it to serve both retail and institutional investors across different regulatory jurisdictions in the UAE.
"Our expansion in Dubai and our regulatory milestones mark a new stage of consolidation for XTB in the Middle East," said Achraf Drid, Managing Director at XTB MENA. "The UAE is a key market for us, this is why securing compliance with both the SCA and DFSA is key in allowing us to offer even greater security, transparency, and investment opportunities to our clients. With our new office in One Central in the Dubai World Trade Centre, we are strategically positioned to enhance our services and support investors in the region like never before."
The SCA and DFSA are the UAE's primary financial regulatory bodies, overseeing capital markets and financial services. The dual regulatory compliance strengthens XTB's position in a region increasingly recognised as a global financial hub.
XTB's investment app provides access to over 6,300 financial instruments, including stocks, ETFs, and CFDs across various asset classes such as forex, commodities and indices. The platform also offers educational resources including webinars and market insights, with customer support available in 18 languages.
Originally founded in Poland in 2004, XTB now serves more than 1.4 million customers globally. The company has expanded to employ over 1,100 people across offices in multiple countries including the UK, Germany, Spain, France and Chile. XTB has been listed on the Warsaw Stock Exchange since a public offering in 2016.
In addition to its UAE regulatory authorisations, XTB operates under oversight from several international bodies including the Financial Conduct Authority, the Polish Financial Supervision Authority, and the Cyprus Securities & Exchange Commission.
