The CFDs broker established the Dubai entity in January 2025.
It is yet to confirm its plans under the new SCA licence.
A screenshot of the Eigthcap website
Melbourne-headquartered Eightcap, a forex and contracts for differences (CFDs) broker, has quietly acquired a Dubai regulatory licence that allows it to offer financial consultation and operate as an introducing broker, FinanceMagnates.com has learned.
Another Broker Enters Dubai
According to Dubai’s Securities and Commodities Authority (SCA) registry, the Category 5 licence has been granted to a locally registered entity, Eightcap Financial Services MENA, which was established in January 2025.
Eightcap has also registered a dedicated website for the Dubai entity, but it remains non-operational.
Details of Eightcap's license on SCA's registry
FinanceMagnates.com approached Eightcap to learn about its plans under the Dubai licence but has not received any response as of press time.
Interestingly, several other retail brokers, including EC Markets and Taurex, have recently received a Category 5 licence from the Dubai-based regulators. Under the licence, they can promote and sell their services in the UAE. However, it does not allow brokers to hold assets locally; rather, they can onboard traders under a non-UAE-licensed entity.
Eightcap operates with licences in Australia, the United Kingdom, Cyprus, and the Bahamas. According to the broker's website, it is also incorporated in Seychelles.
Dubai Is Becoming a CFDs Hub
Dubai has become a popular jurisdiction among brokers who want to expand their operations in the Middle East. Established names like Plus500 and XTB also secured SCA licences, allowing them to offer CFD trading from their Dubai base.
Meanwhile, many new industry entrants have also selected Dubai as their operational hub. Recently, ANAX Capital launched its CFDs brokerage services under an SCA licence in Dubai and plans to expand further in the MENA region. Sky Links Capital, another Category 5-licensed retail broker launched by a former BDSwiss executive, established its corporate headquarters in Dubai. It operates under a Mauritius licence and has a registered entity in St. Vincent and the Grenadines.
Melbourne-headquartered Eightcap, a forex and contracts for differences (CFDs) broker, has quietly acquired a Dubai regulatory licence that allows it to offer financial consultation and operate as an introducing broker, FinanceMagnates.com has learned.
Another Broker Enters Dubai
According to Dubai’s Securities and Commodities Authority (SCA) registry, the Category 5 licence has been granted to a locally registered entity, Eightcap Financial Services MENA, which was established in January 2025.
Eightcap has also registered a dedicated website for the Dubai entity, but it remains non-operational.
Details of Eightcap's license on SCA's registry
FinanceMagnates.com approached Eightcap to learn about its plans under the Dubai licence but has not received any response as of press time.
Interestingly, several other retail brokers, including EC Markets and Taurex, have recently received a Category 5 licence from the Dubai-based regulators. Under the licence, they can promote and sell their services in the UAE. However, it does not allow brokers to hold assets locally; rather, they can onboard traders under a non-UAE-licensed entity.
Eightcap operates with licences in Australia, the United Kingdom, Cyprus, and the Bahamas. According to the broker's website, it is also incorporated in Seychelles.
Dubai Is Becoming a CFDs Hub
Dubai has become a popular jurisdiction among brokers who want to expand their operations in the Middle East. Established names like Plus500 and XTB also secured SCA licences, allowing them to offer CFD trading from their Dubai base.
Meanwhile, many new industry entrants have also selected Dubai as their operational hub. Recently, ANAX Capital launched its CFDs brokerage services under an SCA licence in Dubai and plans to expand further in the MENA region. Sky Links Capital, another Category 5-licensed retail broker launched by a former BDSwiss executive, established its corporate headquarters in Dubai. It operates under a Mauritius licence and has a registered entity in St. Vincent and the Grenadines.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Webull Spent Big to Hit Record Revenue, and the Bill Is in the Fine Print
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Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
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