Pepperstone has launched a new regional headquarters in Dubai after securing a key licence from the UAE’s Securities and Commodities Authority (SCA).
The licence allows the broker to market and offer limited advisory services to professional clients onshore. Its new office at Emaar Square will serve as a base for its operations across the Middle East and North Africa.
The move is part of a wave of brokers establishing a formal presence in the UAE. This month alone, rivals Scope and XM have also announced securing similar SCA licences.
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Gescard Hessen, Pepperstone’s Head of MENA, called the launch a “strategic milestone” that lets the firm stay closer to clients and react quicker to local demands.
The activity coincides with Dubai’s financial authority streamlining its digital licensing system, which has seen an 18% jump in applications this year from retail trading and crypto firms.
