Online trading firm XM has officially confirmed that it has obtained regulatory approval from the United Arab Emirates’ Securities and Commodities Authority (SCA), allowing the broker to operate in the country under a Category 5 license.

FinanceMagnates.com reported that the company obtained its accreditation in Dubai as early as September, when we suggested that the broker intended to start using it before the end of 2025, and that has now happened.

Regulatory Approval Expands XM Regional Reach

The license grants XM permission to offer its full suite of trading services to clients in Dubai and across the Emirates. The move deepens the company’s presence in the Middle East and reflects growing demand in the region for regulated retail trading platforms.

“The UAE has established itself as a world-class financial hub, and receiving authorization from the SCA underscores our commitment to long-term growth and trust in the region,” said Menelaos Menelaou, XM’s co-Chief Executive Officer.

The company said the new authorization would allow traders in the UAE to access its full ecosystem of trading products, educational content, and support services through its new Arabic- and English-language website at www.xm.ae.

Growing Competition in Local Brokerage Market

XM’s entry comes as more global brokers seek to serve clients in the UAE amid expanding financial infrastructure and investor interest. The SCA license aligns XM with other multinational brokers regulated in the region, offering local investors access to global markets through a domestic entity.

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Founded more than 15 years ago, XM serves over 15 million clients worldwide and offers more than 1,400 instruments across multiple trading platforms. The company operates under several international licenses and continues to emphasize compliance with local regulations in each of its markets.