XTB MENA Secures License from Dubai Financial Services Authority

Fazzaco learned that X-Trade Brokers (XTB), a leading UK FX & CFD broker, has secured a category three license from the Dubai Financial Services Authority (DFSA) through its branch XTB MENA.

This new license will allow XTB to provide its range of FX and CFDs products to retail and professional clients not only from the United Arab Emirates (UAE) but also to expand the offering to the other GCC states, meaning Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and North Africa.

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Fazzaco recently reported that the XTB announced on July 10 that to the best of its knowledge it has fulfilled all the conditions set for it by the DFSA​, as the broker was applying its subsidiary XTB MENA Limited in the UAE to be authorized in Dubai International Financial Center (DIFC).