Moneta Markets Obtains Dubai Mainland License to Grow in the Middle East

Fazzaco learned that the broker Moneta Markets, which offers FX and CFDs trading, has grown its presence in the Middle East by obtaining a Mainland Company License in Dubai. The broker revealed this move on Wednesday (July 19) as part of its global strategic development plan.

The Dubai Mainland License is available for all companies that are registered with the Dubai Economic Department (DED). It allows businesses to have the freedom and flexibility to operate and expand in the region. However, it is not a license for financial services.

Moneta Markets Founder and CEO David Bily commented on the company's growth, "We are incredibly proud to announce that Moneta Markets is spreading its wings into Dubai. Securing an operational license in this vibrant global business hub is a significant step forward in our ambition to offer unparalleled brokerage services worldwide. This development not only enriches our global footprint but also underpins our commitment to being a locally embedded partner to our clients across regions."

In late June, the broker received an operational license from the Financial Services Authority of Seychelles (FSA)​.