CFD broker Neex announced that it is “now officially part of the UAE” after receiving approval from the Securities and Commodities Authority (SCA), allowing the company to expand its operations in the region.
Expanding Middle East Presence
Neex Securities LLC has reportedly been licensed by the SCA under Category 5. The license allows the broker to conduct promotion and introduction activities and gives clients access to regulated markets in forex, indices, commodities, and stocks.
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“Neex is now officially part of the UAE, proudly licensed by the SCA – Category 5,” the broker said on LinkedIn.“This milestone reinforces our commitment to transparency, reliability, and connecting clients to world-class trading solutions.”
The approval strengthens Neex’s presence in the Middle East, where the company already has a growing client base. The broker operates internationally, with services spanning Europe, Asia-Pacific, and the Pacific regions.
Focus on Regulated Access
Neex offers contracts for difference (CFDs) across multiple asset classes, including currencies, commodities, and indices. According to its website, the broker operates different entities authorized in various countries, including South Africa, Mauritius, Saint Lucia, and Australia.
Last year, Neex opened a new representative office in Dubai to strengthen its presence in the Middle East. The firm explained that the Dubai office will function as an information hub only and will not conduct regulated activities or sales, with all core operations continuing to be managed through its overseas headquarters.
Neex is among many brokers eyeing expansion in the Middle East. Traze, a sister contracts for differences (CFDs) brand of ZFX, recently secured a First Category Licence from the SCA.
The licence permits Traze to provide brokerage, portfolio management, and advisory services to both retail and institutional investors across the UAE and the wider region.
Read more: ZFX’s Sister CFDs Brand Enters Middle East: Secures Dubai Licence
In June, Melbourne-based forex and CFD broker Eightcap also obtained regulatory approval in Dubai, securing a license that permits it to provide financial consultation and operate as an introducing broker.
Records from the SCA showed that the Category 5 license was issued to Eightcap Financial Services MENA, a locally registered entity established in January 2025.
