Financial and Business News

CFD Broker PrimeX Capital Wins UAE License amid Gulf Expansion

Monday, 15/12/2025 | 15:21 GMT by Jared Kirui
  • Last week, Finalto and Rostro Group, the owner of retail broker Scope, secured similar approvals in the region.
  • The UAE automated parts of its authorization process, reporting an 18% rise in license applications this year.
Dubai UAE

PrimeX Capital has become the latest CFD broker to secure a license from the United Arab Emirates' Securities and Commodities Authority (SCA). The approval signals the broker’s formal entry into one of the MENA region’s most tightly regulated markets.

“This license is not just a legal requirement; it is a promise to our clients,” the company commented. “The UAE is the financial heart of the region, and receiving the SCA’s approval validates our mission to provide a secure, transparent, and world‑class trading environment for investors in the Middle East and North Africa.”

Strengthening MENA Market Reach

Operating under SCA supervision allows PrimeX Capital to extend regulated access to a broader base of traders across the Gulf and North Africa.

The broker plans to enhance its localized services, including Arabic-speaking client support and educational initiatives aligned with investor needs in the region.

Read more: XM to Begin Using UAE Regulatory Approval from SCA

According to the company, clients under the new framework will benefit from enhanced safeguards. The new SCA’s regulatory measures cover fund protection, fair market conduct, and strict compliance with anti‑money laundering (AML) and know‑your‑customer (KYC) obligations.

Registered in Dubai, PrimeX Capital offers forex and CFD trading across global markets through technology‑driven platforms. The firm continues to expand its international presence under recognized regulators while providing traders with resources and support tailored to their needs.

More CFD Brokers Obtain UAE Licenses

More global brokers are steadily securing licenses from the United Arab Emirates’ Securities and Commodities Authority, highlighting the UAE’s rise as a tightly regulated hub for forex and CFD trading in the Gulf.

Rostro Group, owner of retail broker Scope, secured a Category 5 license from the SCA last week, enabling the Dubai-based holding company—founded in 2021 and active across multiple brokerages and fintech brands—to expand its trading services across the region.

Finalto was also granted a similar approval, allowing the firm to operate under the country’s regulatory framework and provide services to professional and institutional clients in the UAE, with Conor Canny appointed as CEO for MENA.

Recently, the UAE automated parts of its authorization process and is expected to reduce processing times by around one-third, according to the regulator. The regulator reported that 18% increase in applications in the first nine months of this year compared with the same period in 2024.

PrimeX Capital has become the latest CFD broker to secure a license from the United Arab Emirates' Securities and Commodities Authority (SCA). The approval signals the broker’s formal entry into one of the MENA region’s most tightly regulated markets.

“This license is not just a legal requirement; it is a promise to our clients,” the company commented. “The UAE is the financial heart of the region, and receiving the SCA’s approval validates our mission to provide a secure, transparent, and world‑class trading environment for investors in the Middle East and North Africa.”

Strengthening MENA Market Reach

Operating under SCA supervision allows PrimeX Capital to extend regulated access to a broader base of traders across the Gulf and North Africa.

The broker plans to enhance its localized services, including Arabic-speaking client support and educational initiatives aligned with investor needs in the region.

Read more: XM to Begin Using UAE Regulatory Approval from SCA

According to the company, clients under the new framework will benefit from enhanced safeguards. The new SCA’s regulatory measures cover fund protection, fair market conduct, and strict compliance with anti‑money laundering (AML) and know‑your‑customer (KYC) obligations.

Registered in Dubai, PrimeX Capital offers forex and CFD trading across global markets through technology‑driven platforms. The firm continues to expand its international presence under recognized regulators while providing traders with resources and support tailored to their needs.

More CFD Brokers Obtain UAE Licenses

More global brokers are steadily securing licenses from the United Arab Emirates’ Securities and Commodities Authority, highlighting the UAE’s rise as a tightly regulated hub for forex and CFD trading in the Gulf.

Rostro Group, owner of retail broker Scope, secured a Category 5 license from the SCA last week, enabling the Dubai-based holding company—founded in 2021 and active across multiple brokerages and fintech brands—to expand its trading services across the region.

Finalto was also granted a similar approval, allowing the firm to operate under the country’s regulatory framework and provide services to professional and institutional clients in the UAE, with Conor Canny appointed as CEO for MENA.

Recently, the UAE automated parts of its authorization process and is expected to reduce processing times by around one-third, according to the regulator. The regulator reported that 18% increase in applications in the first nine months of this year compared with the same period in 2024.

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About the Author: Jared Kirui
Jared Kirui
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Jared is an experienced financial journalist passionate about all things forex and CFDs.

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