The SCA warns against unregulated company targeting UAE investors using Equiti's brand.
The regulator confirms that the equiiti.com website is not associated with the licensed entity.
Equiti
Group is actively collaborating with regulators to act against scammers impersonating its brand to deceive investors. The unregulated company
has been targeting the UAE community, prompting Equiti to work diligently to
protect investors and maintain industry integrity.
Equiti Group Combats
Corporate Scam Impersonating Its Brand
Mohammed
AlAhmad Ketmawi, the Co-Founder of the Equiti Group and CEO of Equiti
Securities Currencies Brokers LLC, emphasized the company's commitment to
safeguarding the community from malicious fraud.
"As an
established brand in the region, it's our commitment to ensure we can protect
the community from malicious fraud," stated Ketmawi.
The
Securities and Commodities Authority (SCA) in the United Arab Emirates has warned against unregulated companies across its official platforms. Equiti is taking every
available initiative to protect investors in the UAE and maintain industry
integrity. The company urges investors to verify regulatory details before
engaging with financial entities and promptly report any suspicious activities.
The warning
was issued on 27 March 2024, concerning MRL Investments Ltd., which uses the
website address equiiti.com, deceptively similar to that of a regulated entity.
Source: SCA
“The company is not licensed by the SCA to practice any of the activities subject to its control and supervision, and the Authority is not responsible for any dealings that take place with the aforementioned company in this capacity,” the SCA commented.
This is not the first time a fraudulent entity has impersonated Equiti. A similar situation occurred in the UK in 2019 when M.Success FX was identified as a clone of the company's local branch, Equiti Capital UK Limited.
The market watchdog added that the fraudulent company has “no connection or relationship with
Equity Securities Currency Brokerage Company LLC., licensed by the Authority,
to practice the activity of a broker in trading unregulated derivatives
contracts and currencies in the spot market.”
Equiti
Securities Currencies Brokers LLC, a subsidiary of Equiti Group, is regulated
by the SCA as a Category 1 Trading Broker for Over-the-Counter Derivatives
Contracts and Foreign Exchange Spot Markets under license number 20200000026. A year after obtaining the license, the company decided to open an office in Abu Dhabi.
Equiti
Group is actively collaborating with regulators to act against scammers impersonating its brand to deceive investors. The unregulated company
has been targeting the UAE community, prompting Equiti to work diligently to
protect investors and maintain industry integrity.
Equiti Group Combats
Corporate Scam Impersonating Its Brand
Mohammed
AlAhmad Ketmawi, the Co-Founder of the Equiti Group and CEO of Equiti
Securities Currencies Brokers LLC, emphasized the company's commitment to
safeguarding the community from malicious fraud.
"As an
established brand in the region, it's our commitment to ensure we can protect
the community from malicious fraud," stated Ketmawi.
The
Securities and Commodities Authority (SCA) in the United Arab Emirates has warned against unregulated companies across its official platforms. Equiti is taking every
available initiative to protect investors in the UAE and maintain industry
integrity. The company urges investors to verify regulatory details before
engaging with financial entities and promptly report any suspicious activities.
The warning
was issued on 27 March 2024, concerning MRL Investments Ltd., which uses the
website address equiiti.com, deceptively similar to that of a regulated entity.
Source: SCA
“The company is not licensed by the SCA to practice any of the activities subject to its control and supervision, and the Authority is not responsible for any dealings that take place with the aforementioned company in this capacity,” the SCA commented.
This is not the first time a fraudulent entity has impersonated Equiti. A similar situation occurred in the UK in 2019 when M.Success FX was identified as a clone of the company's local branch, Equiti Capital UK Limited.
The market watchdog added that the fraudulent company has “no connection or relationship with
Equity Securities Currency Brokerage Company LLC., licensed by the Authority,
to practice the activity of a broker in trading unregulated derivatives
contracts and currencies in the spot market.”
Equiti
Securities Currencies Brokers LLC, a subsidiary of Equiti Group, is regulated
by the SCA as a Category 1 Trading Broker for Over-the-Counter Derivatives
Contracts and Foreign Exchange Spot Markets under license number 20200000026. A year after obtaining the license, the company decided to open an office in Abu Dhabi.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
73% of Young Investors Say Traditional Wealth Building Is Broken – Here’s How They Trade Instead
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
