FP Trading expands regulatory coverage to the UAE with CMA Licence
FP Trading, an international forex and CFD brokerage, has been granted a Category 5 licence by the UAE's Capital Market Authority (CMA), formerly the Securities and Commodities Authority (SCA), establishing an onshore regulatory presence in the country. The licence covers marketing, promotional, and client introduction activities within the UAE.
The company said the licence reflects a move away from serving the market from outside the country, toward operating through a locally regulated entity that can promote its services and introduce clients to its regulated brokerage entities on the ground. Trade execution and custody of client funds will continue to sit with the firm's existing regulated entities elsewhere, while the new UAE licence covers marketing and introduction-related activity.
FP Trading pointed to the UAE's growth as a regional financial hub as a key factor behind the decision, noting that a growing number of brokers and financial firms have sought local regulatory status in the country rather than relying solely on licences held abroad. The company said the CMA licence brings it into that same category of firms building a direct regulatory presence in the UAE.
The licence is expected to benefit both clients and partners, the company said. For clients, it adds to the firm's existing framework of regulatory approvals across multiple jurisdictions. For partners, including introducing brokers and affiliates active in the region, an onshore structure should mean quicker communication and closer, more localised support.
Narayan Joshi, General Manager of FP Trading, said: "Having this licence in place lets us work far more closely with our clients and partners in the UAE. It's a long-term commitment to the region, not a short-term move, and it fits into how we're building out our regulatory presence more broadly."
The UAE licence forms part of an ongoing effort to expand FP Trading's regulatory coverage across additional markets, the company said, describing the country as an increasingly important part of its regional strategy going forward.
About FP Trading
FP Trading is an international forex and CFD brokerage offering access to a wide range of trading instruments through platforms including MT4, MT5, and cTrader. The company holds regulatory approvals across several jurisdictions internationally.
The company said the licence reflects a move away from serving the market from outside the country, toward operating through a locally regulated entity that can promote its services and introduce clients to its regulated brokerage entities on the ground. Trade execution and custody of client funds will continue to sit with the firm's existing regulated entities elsewhere, while the new UAE licence covers marketing and introduction-related activity.
FP Trading pointed to the UAE's growth as a regional financial hub as a key factor behind the decision, noting that a growing number of brokers and financial firms have sought local regulatory status in the country rather than relying solely on licences held abroad. The company said the CMA licence brings it into that same category of firms building a direct regulatory presence in the UAE.
The licence is expected to benefit both clients and partners, the company said. For clients, it adds to the firm's existing framework of regulatory approvals across multiple jurisdictions. For partners, including introducing brokers and affiliates active in the region, an onshore structure should mean quicker communication and closer, more localised support.
Narayan Joshi, General Manager of FP Trading, said: "Having this licence in place lets us work far more closely with our clients and partners in the UAE. It's a long-term commitment to the region, not a short-term move, and it fits into how we're building out our regulatory presence more broadly."
The UAE licence forms part of an ongoing effort to expand FP Trading's regulatory coverage across additional markets, the company said, describing the country as an increasingly important part of its regional strategy going forward.
About FP Trading
FP Trading is an international forex and CFD brokerage offering access to a wide range of trading instruments through platforms including MT4, MT5, and cTrader. The company holds regulatory approvals across several jurisdictions internationally.
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