XM Secures SCA Category 5 License in the UAE

XM has announced that it has officially secured a Category 5 license from the SCA of the United Arab Emirates for its newly established subsidiary, XM Financial Products Promotion LLC. The regulatory approval marks another step in the company’s international growth strategy and formal entry into the UAE’s regulated financial services landscape.

According to XM, the authorization reflects its focus on meeting regulatory requirements while maintaining a trading environment centered on security, transparency, and client protection. The UAE’s regulatory framework is widely recognized for its structured oversight, and the SCA license allows XM to operate within these standards while offering its services directly to local traders.

XM Secures SCA Category 5 License in the UAE

Commenting on the development, Menelaos Menelaou, co-Chief Executive Officer of XM, said the UAE’s position as a global financial center made the expansion a natural move for the group. He noted that the SCA approval supports XM’s long-term plans in the region and reinforces its approach to building trust through regulation and compliance. Menelaou added that UAE-based clients will now be able to access the same services and operating standards that XM provides to traders in other regulated markets.

The new license strengthens XM’s presence in the Middle East and enables the company to serve clients in Dubai and across the Emirates without relying on cross-border arrangements. By operating through a locally licensed entity, XM aims to offer traders closer access to its trading infrastructure, educational materials, and customer support network.

Under the SCA authorization, XM can provide its full range of trading services and products to UAE residents through its newly launched regional website, www.xm.ae. The platform is currently available in both Arabic and English, reflecting the firm’s focus on accessibility for a broad client base.

Clients registering with XM in the UAE will have access to streamlined onboarding, a broad selection of trading instruments, advanced trading tools, and free educational resources. The company also highlighted its customer support services, which have received industry recognition in multiple regions.

With this latest approval, XM continues to expand its regulated footprint while aligning its operations with local market requirements in the UAE.

Company Overview

XM is a worldwide brokerage firm regulated by ASIC in Australia, CySEC in Cyprus, and the IFSC authority in Belize. Offering competitive stock CFD and withdrawal fees, XM facilitates user-friendly and prompt account opening processes. Clients can access a variety of educational resources, including webinars and demo accounts. However, XM’s product range is somewhat not huge, primarily focusing on CFDs and forex trading. While its fees for forex and stock index CFDs are average, clients outside the EU do not benefit from investor protection.

Discover more in our Complete Review.