ANAX Capital Enters UAE Trading Market with Full SCA License

A new player has emerged in the Middle East's online trading landscape as ANAX Capital formally launched operations this week, offering trading services from its Dubai headquarters.

The firm, operating under a Category One license issued by the UAE Securities and Commodities Authority (SCA), is registered as Anax Capital Financial Markets LLC. Its offices are located on the 47th floor of the Aspin Commercial Tower on Sheikh Zayed Road.

Chairing the company is Tabinda Sanpal, a business figure in her own right and wife of Dubai-based real estate entrepreneur Satish Sanpal, who heads the $3 billion ANAX Holding conglomerate. Tabinda also controls SSB Bazar Trading LLC, a company active in Indian equity and derivatives markets under an FPI license.

ANAX Capital has brought in a number of industry veterans to lead its operational and business development efforts. These include Mitul Kapadia as Chief Operating Officer, Shivanshu Shukla as Senior Business Development Manager, Ali Farghly as Sales Manager, and Raneesh Poothakkandi as Head of Operations - all of whom bring experience from established regional brokerages.

With its regulatory backing and experienced team, ANAX Capital aims to carve out a space in the competitive MENA trading sector, focusing on transparency and client engagement from launch.