ATFX Granted Category Five License by UAE's SCA

ATFX, a leading international brokerage company, has confirmed its receipt of the Arrangement and Advice license from the UAE Securities and Commodities Authority (SCA), an important development that enhances its licensing credentials in the Middle East region.

The prestigious license was awarded to ATFX Mena Financial Services LLC, a subsidiary of AT Global Markets Intl Ltd, the entity that owns the ATFX brand and trademark. Through this, ATFX Mena has acquired Category Five accreditation under the SCA's licensing framework. This status empowers the firm to introduce clientele and deliver financial advice and financial analysis services.

In a statement, Joe Li, ATFX's Founder and Group CEO, expressed his delight over the acquisition of the new license. He stated, “ATFX takes immense pride and feels invigorated to have been granted this license by the UAE‘s Securities and Commodities Authority. This license is a critical step towards actualizing our 'client-first' vision in the Middle East, especially in the UAE, extending our globally acknowledged services to our consumers in the region. We remain dedicated to serving our clients as a supportive partner and ally by delivering innovative products, superior trading conditions, and unparalleled client service. With the SCA’s globally recognized regulation standards, ATFX eagerly awaits contributing meaningfully to the evolution of the UAEs financial sector.”

Khaldoun Sharaiha, CEO of ATFX Mena, also voiced his optimism regarding the new SCA license. He underscored that regional customers can depend on their partnership with one of the world's most respected and customer-focused brokers. Sharaiha further stated, “The UAEs trailblazing efforts in formulating regulations and stimulating industry growth across diverse asset categories offer immense opportunities to investors in the region. It also facilitates visionary companies in providing a safe and fruitful environment for such investors.”

ATFX's strategic vision includes actively pursuing licensing in numerous jurisdictions to establish itself as one of the most comprehensively regulated brokerage groups. In addition to the UAE, the company has secured licenses in various global regions, including the United Kingdom, Cyprus, Seychelles, Mauritius, and Jordan, through partnerships.

The announcement also shed light on the UAE branch of ATFX's current workforce, which comprises roughly 30 employees in diverse roles. The company foresees substantial growth and expansion in the upcoming months.

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