Traze Receives Authorization from UAE Securities Regulator

Retail FX and CFD broker Traze has announced that its Dubai subsidiary, Traze Securities LLC, has received a Category One License from the Securities and Commodities Authority (SCA) in the United Arab Emirates. The new authorization allows Traze to operate as a trading broker in international markets and to offer OTC derivatives and spot currency trading under local regulatory approval—marking a key milestone in the firms expansion into the MENA region.

Licensing and Regulatory Status

According to WikiFX data, Traze currently holds the following licenses:

• FCA (United Kingdom) – Authorized as an STP (Straight Through Processing) broker

• SCA (United Arab Emirates) – Recently acquired, enabling regional compliance in the UAE

• FSCA (South Africa) – License marked as “Exceeded,” indicating activities that may fall outside the originally approved scope

WikiFX gives Traze an overall score of 7.39 out of 10, with individual highlights including:

• Regulation Score: 6.98
• Risk Control: 8.90
• Software Performance: 9.41
• Business Strength: 5.63

Company Profile and Account Types

Headquartered in the United Kingdom, Traze has been in operation for 2–5 years. The platform supports the popular MetaTrader 4 (MT4) and provides multilingual service. Tradable assets include forex, commodities, cryptocurrencies, and indices, though stocks and metals are currently not supported.

Traze offers two main account types: STP and ECN. Both offer up to 1:200 leverage.

• The Standard Account requires a minimum deposit of $50, with spreads starting at 1.3 pips.
• The ECN Account starts at $200, offers tighter spreads from 0.2 pips, and may include commissions.

Key Features, Costs, Security, and Services

Traze provides a comprehensive trading experience supported by the following features:

• Platforms: MT4 desktop and mobile apps, along with a proprietary mobile application (iOS & Android)
• Fees: Standard accounts offer commission-free trading with wider spreads; ECN accounts have tighter spreads but may charge commissions
• Deposit & Withdrawal: Minimum deposit of $50, with support for mainstream payment methods
• Security & Risk Control: High scores in WikiFXs risk control metrics
• Customer Service: Multilingual support available during trading hours, offering technical and account assistance

Recent Developments

The company recently announced two key executive appointments to support its regional growth:

• Erkin Kamran has been appointed CEO of Traze. He brings prior experience from BofA Merrill Lynch, MarketFactory, and CRYT.
• Osama Al Saifi joins as Managing Director for MENA, previously holding senior roles at BDSwiss, Swissquote, and TopFX.

Kamran commented:

“Receiving the SCA Category One License is a significant step forward in our mission to build a trading ecosystem based on trust, transparency, and innovation.”

Al Saifi added:

“This license strengthens our ability to serve traders in the UAE and across the MENA region with a secure and transparent environment built on regulatory integrity.”