XM Secures SCA Category 5 License in the UAE
Abstract：Global multi-asset broker XM has received official approval from the Securities and Commodities Authority (SCA) of the United Arab Emirates, obtaining a Category 5 license for its newly formed entity, XM Financial Products Promotion LLC. The authorization marks a significant milestone in XM’s long-term strategy to expand its regulated footprint across key global financial centers.
Global multi-asset broker XM has received official approval from the Securities and Commodities Authority (SCA) of the United Arab Emirates, obtaining a Category 5 license for its newly formed entity, XM Financial Products Promotion LLC. The authorization marks a significant milestone in XMs long-term strategy to expand its regulated footprint across key global financial centers.
A Major Step in XMs Middle East Growth Strategy
XM stated that earning the SCA‘s approval underscores the broker’s commitment to operating under strong regulatory oversight while maintaining a secure, transparent, and client-centric environment for traders.
“The UAE has established itself as a world-class financial hub, and receiving authorization from the SCA underscores our commitment to long-term growth and trust in the region,” said Menelaos Menelaou, co-Chief Executive Officer at XM. “We are proud to now offer UAE clients the same award-winning services and high standards of transparency that define XM globally.”
The new SCA regulation enhances XMs ability to serve traders directly in Dubai and across the Emirates, allowing the broker to further localize its presence in one of the fastest-growing financial markets in the world.
Expanded Services Through New Dedicated UAE Website
With the Category 5 license, XM is now authorized to provide its full suite of trading services and products throughout the UAE. To better support regional clients, the company has launched a dedicated UAE-focused website, which is available in both Arabic and English.
UAE traders onboarding through the new platform will benefit from:
- Seamless account registration
- Access to XMs superior trading conditions
- Over 1,400 tradeable instruments
- Advanced trading tools
- Free educational resources
- Award-winning customer support
About XM
XM is a group of regulated companies, headquartered in Cyprus. The entities of the XM Group are regulated by several internationally renowned financial authorities, including CySEC, DFSA, and FSC (Belize). It offers 1,400+ tradable instruments, including forex, commodities, precious metals, shares, Turbo stocks, equity indices, energies, and thematic indices via the MT4, MT5, and the XM App. WikiFX has given this broker a decent score of 9.10/10.
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