XM Strengthens Its Position in the UAE with SCA License Acquisition

XM Secures SCA License in the UAE

In a significant move for its global expansion, XM, a well-established international broker, has received a category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This achievement marks a critical milestone for the company, which already boasts an impressive client base of over 15 million worldwide.

Obtaining this license not only reflects XM's commitment to adhering to stringent regulatory standards but also reinforces its objective of providing clients with a secure and transparent trading experience. Menelaos Menelaou, co-CEO of XM, emphasized the importance of this milestone by stating, "The UAE has established itself as a world-class financial hub. Receiving authorization from the SCA underscores our commitment to long-term growth and trust in the region."

The newly acquired license allows XM to enhance its presence in the UAE market, particularly in Dubai and across the Emirates. It enables the company to serve local traders directly, providing them with access to XM's global ecosystem of products, educational resources, and support. To facilitate this, XM has launched its dedicated UAE website, www.xm.ae, which is available in both Arabic and English.

Clients who register with XM can expect a seamless onboarding experience along with access to a range of superior trading conditions, a wide selection of products, advanced trading tools, and complimentary educational resources. Furthermore, XM is renowned for its award-winning customer support, which has been instrumental in building trust among its users.

With a trading history spanning over 15 years, XM has established itself as a fair, reliable, and reputable trading firm. The company offers its clients access to over 1,400 trading instruments across more than 10 different platforms, including the popular XM App. As an award-winning broker, XM continues to stand out in the financial sector due to its extensive product range and commitment to client education and support.

In the coming years, XM aims to solidify its presence in the UAE, leveraging the SCA license to further enhance its offerings and educational initiatives for traders in the region. The expansion into the UAE signifies not only a step towards broader market reach but also a dedication to providing a client-centric trading environment that prioritizes transparency and trust.

As the financial landscape continues to evolve, XM's move into the UAE underscores its strategic vision for growth and the importance of adapting to new markets. The company’s emphasis on regulatory compliance, together with its focus on user experience, positions XM to be a leading figure in this competitive market.

In conclusion, XM's acquisition of the SCA license is a vibrant testament to its ongoing commitment to high standards and client satisfaction. Stakeholders and potential clients can look forward to an expanded and enriched trading experience as XM enhances its operations within the UAE, further demonstrating its ability to innovate and adapt in a dynamic financial environment.

Risk Warning

It is crucial to note that trading involves significant risks and may lead to the loss of users' invested capital. Investors are encouraged to consider their financial situations and seek suitable advice before engaging in trading activities.