London based Retail FX and CFDs broker ActivTrades has received a UAE CMA license, for subsidiary ActivTrades Financial Services LLC.
In addition to the UAE, the ActivTrades brand operates under licensed subsidiaries around the globe including the EU (via Portugal CMVM license), UK (FCA), Bahamas (SCB), Brazil (Bacen), and Mauritius (FSC).
The Category 5 license allows ActivTrades to engage in introduction and promotion activities in the UAE.
A UAE CMA license has become the most sought-after in the FX and CFDs world over the past year, as many brokers and liquidity firms are seeking to expand in the country and in the MENA region in general. Other recently granted UAE licensees include FP Markets, BitDelta, Vantage, BeeMarkets, Mitrade, Empire Markets (FXEM), PU Prime, INFINOX, Prima Capital, Finalto, Pepperstone, XM, XS.com, Neex, Tradeview, Eightcap, EC Markets, CPT Markets, VPFX, Rostro Group, and STARTRADER.
ActivTrades is controlled by its founder and CEO Alex Pusco.