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Europe's Economic Crossroads: Recession Fears and S&P Global's
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Regulation
CFD Brokers Can Now Get Dubai Licenses 33% Faster
2025-10-13T09:06:18.211+02:00
Dubai’s financial watchdog has introduced an automated approval system to simplify and speed up the process following an 18% surge in applications.
CFD brokers are increasingly entering the Middle Eastern market, which is beginning to generate record-high trading volumes.
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Damian Chmiel
Executive Moves
Dubai Regulator DFSA Names Former FAB and ADGM Exec as Chief Operating Officer
2025-06-04T08:29:52.111+02:00
Juma Thani Alhameli brings over 20 years of experience in the UAE’s financial and technology sectors.
His "leadership and operational expertise will be instrumental in supporting our core mission,” said DFSA's Mark Steward.
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CryptoCurrency
After XRP, Ripple’s RLUSD Joins Dubai’s Approved Crypto Tokens Under DFSA
2025-06-03T12:48:41.925+02:00
The approval follows DFSA’s earlier green light for Ripple’s XRP within the DIFC.
RLUSD is positioned by Ripple as compliant, enterprise-grade, and built for utility.
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CryptoCurrency
Denmark’s FSA Orders Saxo Bank to Dump Crypto Holdings
2023-07-05T14:57:51.732+02:00
The watchdog said the law does not permit Saxo Bank's engagement in crypto trading.
In other news, Saxo Bank saw a decline of 8% in its FX trading volume in June.
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Solomon Oladipupo
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Institutional FX
STP Boosts Offering with DFSA-Approved Prime Brokerage Services
2023-06-05T11:56:58.403+02:00
STP receives DFSA approval to provide prime brokerage services.
The move aims to cater to the needs of increasing HNWIs, and institutional investors.
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Retail FX
Plus500 Strengthens MENA Presence with New DFSA License
2023-02-06T10:01:06.589+02:00
The company is now holding twelve regulatory licenses globally.
Several other brokers also gained a DFSA license in recent years.
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Arnab Shome
Retail FX
DFSA Wants to Better Protect Clients Assets, Publishes New Strategy
2023-01-16T12:43:05.674+02:00
The new strategy consists of four pillars: Delivery, Engagement, Innovation and Sustainability.
Dubai aims to become the world capital of finance.
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Damian Chmiel
Brokers
Exclusive: Zenfinex Enters MENA with New DFSA License
2022-11-29T06:42:33.580+02:00
The FX and CFDs broker is now regulated in four jurisdictions.
It is currently operational in ten countries.
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Arnab Shome
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CryptoCurrency
DFSA Publishes List of "Recognised Crypto Tokens" as Changes Take Effect
2022-11-01T12:45:27.584+02:00
As of Nov 1, only recognized crypto tokens can be transacted within or from the (DIFC)
The preliminary list of 'recognized tokens' consists of BTC, ETH, and LTC
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FinTech
UAE: DFSA Switches ITL Application from Cohort to Open Window Format
2022-07-15T19:31:22.668+02:00
DFSA started accepting applications on Friday.
Since its launch in 2017, ITL has accepted 67 companies.
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FinTech
Blockchain Test Proves Its Potential in the DFSA’s Regulatory Sandbox
2022-02-04T18:00:00.000+02:00
DFSA partnered with a Danish B2B software firm and conducted a blockchain test.
The test showed Blockchain’s potential, though new risks emerge.
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Nicholas Otieno
Brokers
Exclusive: UK Broker ZenFinex Applies for Dubai and Seychelles Licenses
2021-11-05T11:50:29.000+02:00
The broker is now holding an FCA license.
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Arnab Shome
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Executive Moves
Pepperstone Promotes Alexander Kolpokchi as DFSA Entity Head
2021-09-29T09:28:39.000+02:00
He was already holding the role as an interim for months.
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Executive Moves
DFSA Appoints F. Christopher Calabia as the New Chief Executive
2021-08-12T08:29:43.000+02:00
He will join the financial markets regulator on October 1.
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Regulation
DFSA Seeks Feedback on Proposed Security Token Regulations
2021-03-29T13:16:12.000+02:00
The regulator will accept feedback on the framework for 30 days.
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Brokers
MultiBank Group Gains DFSA License, Opens Office in Dubai
2020-10-14T14:55:02.000+02:00
The brokerage now has seven regulatory licenses.
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Brokers
Japan's DMM Securities Continues to Leave Competition Behind
2020-03-10T11:21:33.000+02:00
Another year in a row DMM Securities tops the rankings with highest number of accounts
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Sylwester Majewski
Brokers
DFSA Warns of Fraudsters Impersonating CySEC
2019-06-20T11:49:36.000+02:00
Fraudsters continue to impersonate the regulator to try and scam investors.
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Celeste Skinner
Brokers
Exclusive: HotForex Expands Operations, Launches in the UAE
2019-01-07T15:27:22.000+02:00
The launch comes less than a month after the broker acquired a Dubai Financial Services Authority license.
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Celeste Skinner
Brokers
Exclusive: Several Big Brokers Seeking Dubai Financial Services License
2018-05-04T14:17:15.000+02:00
Large brokers such as CMC Markets, LCG and Pepperstone have filed their applications with the Dubai Financial Services Authority
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Victor Golovtchenko
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Brokers
Amana Capital Launches MT5 Offering, Adds Bitcoin Trading
2017-10-18T16:43:45.000+02:00
FCA-regulated brokerage Amana Capital is adding a new line up of products to its offering.
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News
SFC, DFSA Ink Fintech Collaboration Contract
2017-08-28T11:34:36.000+02:00
The two authorities plan to assist one another in staying up to date with fintech developments and their applications.
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Finance Magnates Staff
Brokers
Exclusive: HY Markets Rebrands as HYCM, to Launch New Website
2016-07-17T13:09:27.000+02:00
Starting Monday, clients of HY Markets will be referred to the new HYCM site and trading platforms.
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Avi Mizrahi
Regulation
HSBC Moves Middle East Head Office from Jersey to Dubai
2016-07-01T00:10:28.000+02:00
HSBC Middle East completed its transfer to Dubai which will attract assets valued at more than $40 billion to DIFC.
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Aziz Abdel-Qader
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Brokers
Breaking: Amana Capital Obtains Lucrative DFSA License
2016-04-13T07:51:16.000+02:00
Amana joins the ranks of IG, Saxo Bank and Henyep Capital Markets as a holder of a Dubai Financial Service Authority license.
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