The licence is for its new UAE subsidiary, Deriv Capital Contracts & Currencies L.L.C.
Recently, the firm obtained licences in Mauritius and the Cayman Islands.
Dubai skyline
Deriv, an online trading company, announced that it has
obtained a Category 1 license from the UAE Securities and Commodities Authority. The licence was granted to its newly formed UAE subsidiary, Deriv
Capital Contracts & Currencies L.L.C. The move allows the company to
provide regulated trading services in the UAE.
Deriv Targets UAE Market Under SCA Supervision
Rakshit Choudhary, CEO of Deriv
Deriv has been operating for 26 years and serves over three
million clients globally. The UAE entity
will operate under SCA supervision and offer services compliant with local
regulations.
This licence adds to Deriv Group’s existing international
authorisations, including licences obtained in Mauritius in June 2024 and the
Cayman Islands in April 2025.
“This market is especially exciting given its young,
digital-first population, leading global cryptocurrency adoption. We're eager
to empower clients across the UAE with our innovative platforms,” said
Rakshit Choudhary, who became sole CEO of Deriv in May this year.
Source: SCA
Mobile App Introduced With Localised UAE Support Options
Joanna Frendo, CCO at Deriv Group, Source: LinkedIn
Deriv will offer localised support, region-specific payment
options, and educational resources. A mobile app is available for iOS and
Android.
It offers CFDs via MT5 across six markets, AED-based demo
and live accounts, swap-free trading, built-in risk management tools, and
support in Arabic and English.
“Obtaining our SCA licence was fundamental to our
regional strategy, allowing us to serve clients in the UAE with the
transparency, safeguards, and service quality that have defined Deriv for over
two decades,” added Joanna Frendo, Executive Director of Deriv Capital
Contracts & Currencies L.L.C and Chief Compliance Officer at Deriv Group.
Deriv, an online trading company, announced that it has
obtained a Category 1 license from the UAE Securities and Commodities Authority. The licence was granted to its newly formed UAE subsidiary, Deriv
Capital Contracts & Currencies L.L.C. The move allows the company to
provide regulated trading services in the UAE.
Deriv Targets UAE Market Under SCA Supervision
Rakshit Choudhary, CEO of Deriv
Deriv has been operating for 26 years and serves over three
million clients globally. The UAE entity
will operate under SCA supervision and offer services compliant with local
regulations.
This licence adds to Deriv Group’s existing international
authorisations, including licences obtained in Mauritius in June 2024 and the
Cayman Islands in April 2025.
“This market is especially exciting given its young,
digital-first population, leading global cryptocurrency adoption. We're eager
to empower clients across the UAE with our innovative platforms,” said
Rakshit Choudhary, who became sole CEO of Deriv in May this year.
Source: SCA
Mobile App Introduced With Localised UAE Support Options
Joanna Frendo, CCO at Deriv Group, Source: LinkedIn
Deriv will offer localised support, region-specific payment
options, and educational resources. A mobile app is available for iOS and
Android.
It offers CFDs via MT5 across six markets, AED-based demo
and live accounts, swap-free trading, built-in risk management tools, and
support in Arabic and English.
“Obtaining our SCA licence was fundamental to our
regional strategy, allowing us to serve clients in the UAE with the
transparency, safeguards, and service quality that have defined Deriv for over
two decades,” added Joanna Frendo, Executive Director of Deriv Capital
Contracts & Currencies L.L.C and Chief Compliance Officer at Deriv Group.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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