Polish investment platform XTB has achieved a significant milestone by securing dual licenses from the UAE’s Capital Market Authority (CMA). The firm received both Category 1 and Category 2 licenses for its subsidiary operating in the UAE.
XTB’s Dual Licenses from UAE CMA
These dual licenses empower XTB to offer a comprehensive brokerage service to local investors. Moreover, they lay a solid foundation for the introduction of more advanced investment products in the future.
Strengthening Operations in the UAE
Achraf Drid, Managing Director of XTB MENA, emphasized the importance of this CMA authorization for their operations. He noted that the licenses allow XTB to engage more closely with its UAE clients while complying with a highly regarded regulatory framework.
- The licenses enable XTB to operate under strict regulatory standards.
- The firm highlights the UAE’s attractive ecosystem for financial services.
- XTB aims to establish a lasting presence in the region.
This development enhances XTB’s commitment to the UAE and the Gulf region. As the firm celebrates this achievement, it also reports a period of substantial growth, surpassing two million clients last year.
Looking Ahead
XTB recognizes the UAE as a market with sustained opportunities. With the issuance of these licenses, the company plans to further expand its services and strengthen its role within the financial sector.
