According to Bpaynews, XM has obtained a Category 5 license from the UAE’s Securities and Commodities Authority (SCA), allowing it to offer regulated FX and CFD services to onshore UAE clients. The approval supports XM’s regional strategy as Dubai and Abu Dhabi develop as global finance hubs. The broker now operates under SCA oversight, providing localized onboarding, Arabic- and English-language support, and compliant marketing via its new domain, www.xm.ae. The move is expected to increase competition in the Gulf’s FX market and improve client protections and transparency.
XM Secures UAE SCA License, Expands Onshore FX and CFD Services
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