XM Strengthens Middle East Presence with New UAE License from SCA

XM has taken an important step in its global growth by securing a Category 5 from the Securities and Commodities Authority (SCA) of the United Arab Emirates. The approval covers XM Financial Products Promotion LLC, a newly established subsidiary aimed at serving the UAE market.

According to the company, the SCA’s authorization reflects XM’s commitment to strong regulatory compliance and maintaining a safe, transparent trading environment for its clients. The license allows XM to operate directly in Dubai and across the Emirates, bringing its international trading services closer to local clients.

XM Strengthens Middle East Presence with New UAE License from SCA

Menelaos Menelaou, co-Chief Executive Officer of XM, commented on the milestone: “The UAE has become a leading financial hub, and receiving SCA approval highlights our dedication to long-term growth and trust in the region. We are now able to provide UAE clients with the same high-quality services and transparency standards that XM is famous for globally.”

The new license opens doors for XM to offer its full range of trading services in the UAE, including access to a broad selection of products, advanced trading tools, and educational resources. Clients can register through the company’s dedicated UAE website, www.xm.ae, which is available in both Arabic and English.

Moreover, XM emphasized that UAE clients will benefit from a seamless onboarding experience, competitive trading conditions, and dedicated support. The company’s global ecosystem of services—including award-winning customer support and educational offerings—is now fully accessible to traders in the region.

This move marks another step in XM’s international expansion strategy and strengthens its presence in the Middle East. By combining local regulatory approval with its established global infrastructure, XM aims to provide UAE clients with a trading experience that is both reliable and client-focused.

The launch of XM Financial Products Promotion LLC under the SCA license is expected to enhance XM’s engagement with the UAE trading community while offering a secure platform for both new and experienced traders.

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.

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