Global brokerage firm XM has obtained a Category 5 investment license from Dubai’s Securities and Commodities Authority (SCA), expanding its presence in the Middle East.
Learn more about Top Forex and CFD broker XM Group
The license allows XM to promote its services within the UAE and refer clients to its international entities, though it cannot hold local client funds or execute trades. Operations are expected to begin by the end of 2025.
XM is among several brokers recently entering the Dubai market, attracted by the region’s high-value traders. Other firms, including Exinity and VT Markets, have also secured similar licenses.
