RegulationCMA
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CMA-Licensed Companies in the UAE (Formerly SCA)
Moderate oversightCapital Market Authority (UAE) · formerly Securities & Commodities Authority (SCA)
The Capital Market Authority (CMA) is the UAE's federal regulator for onshore securities, commodities and virtual-asset activity outside the DIFC and ADGM free zones. It was established by Federal Decree-Law No. 32 of 2025 as the legal successor to the Securities & Commodities Authority (SCA) and took over its licences, rulebook and enforcement powers on 1 January 2026. This was more than a rename: the CMA operates under a new mandate with a broader remit over virtual assets and market infrastructure, and it is re-issuing licences under its own numbering. SCA-issued licences remain valid during the transition, so brokers that still describe themselves as SCA-regulated are supervised by the CMA today. The licence category matters as much as the licence itself: only Category 1 firms may deal in securities or OTC derivatives for clients, while Category 5 firms may only promote, introduce or advise.
106licensed brokers
Official registerLeverage cap (retail)
Set per firm; tightening over time
Client money
Segregation of client funds required.
Compensation scheme
No central compensation scheme
Jurisdiction
United Arab Emirates (onshore)
Licence categories
The types of authorisation this regulator issues to brokers.
- Category 1: Dealing in securities / trading broker (may execute client orders, including OTC derivatives and spot FX)
- Category 2: Investment fund and portfolio management
- Category 5: Promotion, introduction, arrangement and financial consultation (may not execute trades)
- Securities brokerage licence for UAE exchange members (legacy SCA numbering)
Investor protections
Safeguards available to clients under this regime.
- Client-fund segregation requirements
- Onshore UAE legal jurisdiction and courts
- Disclosure and conduct rules
- Public register of licensed companies and their permitted activities
CMA-licensed companies we cover
Selected companies on BrokerBazaar holding a CMA (formerly SCA) licence, grouped by what the licence permits.
BrokerBazaar covers selected CMA-licensed companies, chiefly brokers that serve retail traders. It is not a copy of the full CMA register, which also lists fund managers, advisers, custodians and listed-company service providers. Always confirm a firm and its permitted activities on the official register.
Dealing and brokerage (Category 1)
40These firms hold a dealing or trading-broker licence and may execute client orders in securities, OTC derivatives or spot FX under onshore UAE rules.
Exness – Check Exness regulation and read the exness broker review
84/100·Min $10
Century Financial – Check Century Financial regulation and read the century financial broker review
68/100·Min $500
ADSS – Check ADSS regulation and read the adss broker review
80/100·Min $100
Equiti – Check Equiti regulation and read the equiti broker review
78/100·Min $100
MultiBank – Check MultiBank regulation and read the multibank broker review
79/100·Min $50
NCM Investment – Check NCM Investment regulation and read the ncm investment broker review
75/100·Min $0
Aetram Trades – Check Aetram Trades regulation and read the aetram trades broker review
73/100·Min Contact Broker
Deriv – Check Deriv regulation and read the deriv broker review
81/100·Min $5
ANAX Capital – Check ANAX Capital regulation and read the anax capital broker review
56/100·Min $100
Mashreq Securities – Check Mashreq Securities regulation and read the mashreq securities broker review
67/100·Min $0
X Cube L.L.C – Check X Cube L.L.C regulation and read the x cube l.l.c broker review
56/100·Min $0
BHM Capital Financial Services – Check BHM Capital Financial Services regulation and read the bhm capital financial services broker review
68/100·Min $0
ADIB Securities – Check ADIB Securities regulation and read the adib securities broker review
69/100·Min Not publicly stated.
Al Ansari Financial Brokerage – Check Al Ansari Financial Brokerage regulation and read the al ansari financial brokerage broker review
67/100·Min No minimum investment for the local market.
Daman Securities – Check Daman Securities regulation and read the daman securities broker review
70/100·Min Minimum deposit: from $100 for DM Classic; $20,000 for DM Pro. Note: certain older Daman Markets pages still reference a $250 DM Classic minimum, so prospective clients should confirm the live account-opening requirement before depositing.
EFG Hermes UAE – Check EFG Hermes UAE regulation and read the efg hermes uae broker review
81/100·Min No minimum deposit publicly stated
SICO Financial Brokerage – Check SICO Financial Brokerage regulation and read the sico financial brokerage broker review
66/100·Min NOT VERIFIED — no current official minimum deposit requirement found.
MENA Capital – Check MENA Capital regulation and read the mena capital broker review
72/100·Min Standard: $50-$1,000
Traders Hub Capital Markets – Check Traders Hub Capital Markets regulation and read the traders hub capital markets broker review
66/100·Min $100
FAB Securities – Check FAB Securities regulation and read the fab securities broker review
77/100·Min No stated universal minimum deposit independently verified. FAB Securities states that opening a trading account and obtaining an Investor Number (NIN) are free of charge; funding and margin requirements may still apply.
International Securities LLC – Check International Securities LLC regulation and read the international securities llc broker review
74/100·Min Not published — no universal minimum deposit confirmed
ADCB Securities – Check ADCB Securities regulation and read the adcb securities broker review
73/100·Min NOT VERIFIED — account funding requirements may vary by account type
Al Dar Shares & Bonds – Check Al Dar Shares & Bonds regulation and read the al dar shares & bonds broker review
70/100·Min NOT VERIFIED
Finance House Securities LLC – Check Finance House Securities LLC regulation and read the finance house securities llc broker review
73/100·Min No minimum deposit
MEX Bridge Financial Services LLC – Check MEX Bridge Financial Services LLC regulation and read the mex bridge financial services llc broker review
69/100·Min NOT VERIFIED
Wio Invest – Check Wio Invest regulation and read the wio invest broker review
74/100·Min USD 1
Sharjah Islamic Financial Services – Check Sharjah Islamic Financial Services regulation and read the sharjah islamic financial services broker review
76/100·Min Not publicly specified
Al Wathbah Shares & Bonds Center – Check Al Wathbah Shares & Bonds Center regulation and read the al wathbah shares & bonds center broker review
66/100·Min No minimum deposit
Al Sahel Shares Center – Check Al Sahel Shares Center regulation and read the al sahel shares center broker review
67/100·Min Not publicly specified
Menacorp – Check Menacorp regulation and read the menacorp broker review
64/100·Min Data Not Verified
KIRA Financial – Check KIRA Financial regulation and read the kira financial broker review
69/100·Min $100
Traze – Check Traze regulation and read the traze broker review
62/100·Min $100
Navira Financial Markets – Check Navira Financial Markets regulation and read the navira financial markets broker review
65/100·Min Request quote
Definite – Check Definite regulation and read the definite broker review
63/100·Min $30
Wafra Capital – Check Wafra Capital regulation and read the wafra capital broker review
61/100·Min $100 ($100 on Standard tier; $5,000 on Pro tier; $25,000 on VIP/Institutional tier)
ANB Capital – Check ANB Capital regulation and read the anb capital broker review
66/100·Min SAR 0 (SAR 0 baseline for domestic Saudi Tadawul equity accounts; separate institutional/private banking minimums apply)
BSF Capital – Check BSF Capital regulation and read the bsf capital broker review
67/100·Min SAR 0 (SAR 0 baseline for domestic Saudi Tadawul retail equity accounts; specialized thresholds apply for discretionary portfolio management)
HonorPro – Check HonorPro regulation and read the honorpro broker review
76/100·Min $10
UPFOREX – Check UPFOREX regulation and read the upforex broker review
67/100·Min $100
Kudo – Check Kudo regulation and read the kudo broker review
57/100·Min Not Verified
Promotion, introduction and advice only (Category 5)
41These firms may only promote, introduce or advise. They are not authorised to execute your trades in the UAE; the account you open is usually with another group entity, often licensed abroad. Check who signs your client agreement.
FXTM – Check FXTM regulation and read the fxtm broker review
81/100·Min $30
PU Prime – Check PU Prime regulation and read the pu prime broker review
77/100·Min $20
VT Markets – Check VT Markets regulation and read the vt markets broker review
79/100·Min $50
STARTRADER – Check STARTRADER regulation and read the startrader broker review
77/100·Min $1
DB Investing – Check DB Investing regulation and read the db investing broker review
77/100·Min $50
INFINOX – Check INFINOX regulation and read the infinox broker review
80/100·Min $50
AccuIndex – Check AccuIndex regulation and read the accuindex broker review
72/100·Min $100
MH Markets – Check MH Markets regulation and read the mh markets broker review
75/100·Min $50
AUS GLOBAL – Check AUS GLOBAL regulation and read the aus global broker review
75/100·Min $50
EC Markets – Check EC Markets regulation and read the ec markets broker review
80/100·Min $10
Moneta Markets – Check Moneta Markets regulation and read the moneta markets broker review
79/100·Min $50
Mitrade – Check Mitrade regulation and read the mitrade broker review
80/100·Min $50
Taurex – Check Taurex regulation and read the taurex broker review
75/100·Min $0
Lirunex – Check Lirunex regulation and read the lirunex broker review
80/100·Min $0
Dominion Markets – Check Dominion Markets regulation and read the dominion markets broker review
70/100·Min $50
4T Global Markets Financial Services – Check 4T Global Markets Financial Services regulation and read the 4t global markets financial services broker review
78/100·Min $500
XS.com – Check XS.com regulation and read the xs.com broker review
82/100·Min No minimum deposit
INGOT Brokers – Check INGOT Brokers regulation and read the ingot brokers broker review
77/100·Min $10
CXM Direct – Check CXM Direct regulation and read the cxm direct broker review
78/100·Min $10
Naqdi Securities Currencies Brokers L.L.C – Check Naqdi Securities Currencies Brokers L.L.C regulation and read the naqdi securities currencies brokers l.l.c broker review
70/100·Min No minimum deposit
Sky Links Capital L.L.C – Check Sky Links Capital L.L.C regulation and read the sky links capital l.l.c broker review
64/100·Min NOT VERIFIED
Vitta Financial Analysis And Consultancy LLC – Check Vitta Financial Analysis And Consultancy LLC regulation and read the vitta financial analysis and consultancy llc broker review
62/100·Min $1
Direct TT for Financial Consulting L.L.C – Check Direct TT for Financial Consulting L.L.C regulation and read the direct tt for financial consulting l.l.c broker review
69/100·Min NOT APPLICABLE — UAE entity not authorised by CMA for the brokerage activities described above
ICM Mena Securities and Financial Products Promotion L.L.C – Check ICM Mena Securities and Financial Products Promotion L.L.C regulation and read the icm mena securities and financial products promotion l.l.c broker review
63/100·Min NOT VERIFIED — depends on the execution/trading entity
Al Mal Capital PSC – Check Al Mal Capital PSC regulation and read the al mal capital psc broker review
79/100·Min NOT VERIFIED — depends on product, account and client eligibility
Citibank N.A. UAE – Check Citibank N.A. UAE regulation and read the citibank n.a. uae broker review
81/100·Min No universal minimum publicly stated — depends on banking relationship and investment product
Stonefort Securities LLC – Check Stonefort Securities LLC regulation and read the stonefort securities llc broker review
75/100·Min From $50
Smart Securities Financial Services LLC – Check Smart Securities Financial Services LLC regulation and read the smart securities financial services llc broker review
68/100·Min NOT VERIFIED — determined by the introduced regulated broker
KF
Kanak Financial Advisory and Introducing Brokers LLC – Check Kanak Financial Advisory and Introducing Brokers LLC regulation and read the kanak financial advisory and introducing brokers llc broker review
65/100·Min NOT VERIFIED
Capintro Securities & Financial Products Promotion LLC – Check Capintro Securities & Financial Products Promotion LLC regulation and read the capintro securities & financial products promotion llc broker review
75/100·Min NOT VERIFIED — not a direct retail trading broker
Legacy Profs Financial Advisors LLC – Check Legacy Profs Financial Advisors LLC regulation and read the legacy profs financial advisors llc broker review
67/100·Min N/A — financial advisory firm, not a direct trading broker
APC Finance Consultants LLC – Check APC Finance Consultants LLC regulation and read the apc finance consultants llc broker review
73/100·Min N/A — UAE legal entity is not authorised for direct brokerage/trading activities
XChief – Check XChief regulation and read the xchief broker review
78/100·Min $10
TradeQuo – Check TradeQuo regulation and read the tradequo broker review
77/100·Min From $1, depending on payment system
SGFX – Check SGFX regulation and read the sgfx broker review
70/100·Min Not Verified
UEXO – Check UEXO regulation and read the uexo broker review
69/100·Min $50 (Standard account; another official page advertises $100)
VPFX – Check VPFX regulation and read the vpfx broker review
73/100·Min $100
Zitaplus – Check Zitaplus regulation and read the zitaplus broker review
65/100·Min Not Verified
FP Trading – Check FP Trading regulation and read the fp trading broker review
77/100·Min $100
Supreme FX – Check Supreme FX regulation and read the supreme fx broker review
76/100·Min $100 ($100 for Standard account; $1,000 for Advanced account; $2,500 for PRO account)
Trade247 – Check Trade247 regulation and read the trade247 broker review
66/100·Min $100 ($100 standard baseline minimum deposit; higher capital thresholds apply for specialized Pro tiers)
Licence scope not verified
25We hold a UAE licence reference for these firms but could not confirm the permitted activity on the register at our last check. Treat them as unconfirmed until you verify the entry yourself.
Pepperstone – Check Pepperstone regulation and read the pepperstone broker review
85/100·Min Varies by entity
Plus500 – Check Plus500 regulation and read the plus500 broker review
83/100·Min $10
FP Markets – Check FP Markets regulation and read the fp markets broker review
82/100·Min $100
Vantage – Check Vantage regulation and read the vantage broker review
82/100·Min $50
Scope Markets – Check Scope Markets regulation and read the scope markets broker review
72/100·Min $50
Amana Capital – Check Amana Capital regulation and read the amana capital broker review
74/100·Min $10
ATFX – Check ATFX regulation and read the atfx broker review
80/100·Min $100
Capital.com – Check Capital.com regulation and read the capital.com broker review
74/100·Min $10
CPT Markets – Check CPT Markets regulation and read the cpt markets broker review
76/100·Min $0
GODO – Check GODO regulation and read the godo broker review
75/100·Min $10
NEEX – Check NEEX regulation and read the neex broker review
74/100·Min $50
Hantec Markets – Check Hantec Markets regulation and read the hantec markets broker review
80/100·Min $10
CFI Financial – Check CFI Financial regulation and read the cfi financial broker review
79/100·Min $0
XTB – Check XTB regulation and read the xtb broker review
82/100·Min $0
RoboMarkets – Check RoboMarkets regulation and read the robomarkets broker review
78/100·Min $100
Kama Capital – Check Kama Capital regulation and read the kama capital broker review
65/100·Min $0
Noor Capital – Check Noor Capital regulation and read the noor capital broker review
73/100·Min $100
CMS Financial – Check CMS Financial regulation and read the cms financial broker review
58/100·Min $0
Orient Financial Brokers – Check Orient Financial Brokers regulation and read the orient financial brokers broker review
58/100·Min $200
9X Markets – Check 9X Markets regulation and read the 9x markets broker review
65/100·Min $0
Emirates NBD Securities – Check Emirates NBD Securities regulation and read the emirates nbd securities broker review
60/100·Min $100
Arqaam Securities LLC – Check Arqaam Securities LLC regulation and read the arqaam securities llc broker review
80/100·Min NOT VERIFIED
CBD Financial Services – Check CBD Financial Services regulation and read the cbd financial services broker review
72/100·Min Not verified — no universal minimum publicly confirmed
Shuaa Capital – Check Shuaa Capital regulation and read the shuaa capital broker review
78/100·Min Not Verified
B2PRIME (B2B Prime Services MENA) – Check B2PRIME (B2B Prime Services MENA) regulation and read the b2prime (b2b prime services mena) broker review
49/100·Min $200
How does CMA compare?
See leverage caps and protections side by side with other regulators.