Moneta Markets has expanded its regulatory presence in the Middle East after its UAE entity, Moneta Global Financial Services LLC, received a Category 5 licence from the United Arab Emirates Capital Market Authority.
The approval comes as a growing number of international brokers obtain Category 5 licences under the UAE Capital Market Authority’s regulatory framework. In recent months, firms including Vantage, Blueberry, BitDelta and Kudo.com have also secured the same licence as the UAE continues to attract retail trading firms seeking a regulated presence in the region.
UAE Entity Operates Under CMA Licence
The licence allows Moneta Markets to operate through a regulated entity in the UAE, a market the company considers an important regional financial hub. The broker said the approval supports its long-term expansion strategy and strengthens its regulatory framework in the region.
Moneta Markets said the newly licensed entity will provide greater clarity for clients and business partners regarding its authorised activities in the UAE and the regulatory oversight governing those operations.
Firm Outlines UAE Operational Plans
The broker also plans to expand its local presence by investing in staffing, compliance and governance. It said the UAE entity will support closer relationships with clients and business partners across the Middle East and North Africa.
Founder and Chief Executive Officer David Bily said the licence was an important step in the company’s expansion strategy. He said it reflected Moneta Markets’ “long-term commitment” to the UAE and its focus on operating through a locally regulated entity.
The company added that the new entity will allow it to work more closely with regional stakeholders and align its operations with local regulatory requirements. It said the licence also supports its broader strategy of operating through regulated entities in the jurisdictions where it provides services.
Moneta Markets Entered UAE Market in 2024
In 2024, Moneta Markets expanded its presence in the UAE by offering services through Sterling Financial Services, an SCA-regulated firm. The company said the move formed part of its international expansion strategy and supported its plans to grow across the Middle East and North Africa.
It also established a Dubai office, expanded its local team and said it intended to develop its regional operations under the UAE regulatory framework.
This article was written by Tareq Sikder at www.financemagnates.com.Retail FXRead More
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