PrimeX Capital Obtains License Issued by UAE Securities and Commodities Authority

CFD broker PrimeX Capital has secured a license from the UAE Securities and Commodities Authority (SCA), authorizing it to provide trading services in the MENA region.

PrimeX Capital announced the news via social media platforms. Under SCA regulation, the broker will extend regulated services to a broader trader base.

It is reported that PrimeX Capital plans to enhance local services, such as providing support to Arabic-speaking clients and launching educational programs tailored to the needs of local investors.

In addition to the SCA, PrimeX Capital is also supervised by the Financial Sector Conduct Authority (FSCA) in South Africa, holding FSP No.51864.

Beyond PrimeX Capital, other financial service providers have recently obtained licenses from the SCA. Rostro Group, the fintech group owning Scope Markets, secured a Category 5 license from the SCA last week, enabling its Dubai-based holding company to expand trading services.

Finalto, a fintech company providing technology and liquidity support for forex and CFDs markets, also obtained the Category 5 licence from the SCA.

BrokersView reminds you

The Securities and Commodities Authority (SCA) is an agency in the UAE responsible for overseeing and regulating the country's financial markets, including the Dubai Financial Market and Abu Dhabi Securities Exchange.

Find more SCA-regulated brokers.