M4Markets Obtains DFSA License, Rehires Oscar Asly to Lead MENA Business

M4Markets, a Seychelles-regulated Forex and CFD broker, announced yesterday (September 21) that it has been granted a license by the Dubai Financial Services Authority (DFSA) to operate in the Dubai International Financial Centre (DIFC).

With this new license, M4Markets is now regulated in four jurisdictions, including the DFSA, the CySEC in Cyprus​, the FSA of Seychelles, and the FSCA of South Africa.

"It is with great pleasure that we announce M4Markets has been granted the prestigious DFSA license, affording us the ability to extend our services in the Middle East," said Panikos Teklos, M4Markets Chairman. "This is a significant milestone and pivotal moment for our company, and we are eagerly looking forward to expanding our sphere of influence in the region, thereby providing our valued clientele with an extensive range of trading opportunities and financial instruments."

In addition, Fazzaco learned that M4Markets, despite experiencing several notable executive resignations​ recently, has rehired its former MENA Director, Oscar Asly, to serve as the CEO MENA for the newly licensed operation. Asly had previously worked with M4Markets between January 2021 and May 2022, and had spent the previous year employed in the MENA region at the crypto exchange Binance.