Naqdi Currencies Brokers LLC has announced that it has received a Securities and Commodities Authority (SCA) license. According to the firm, the recent license approval is the right step for the company as it looks to expand operations. It noted that the achievement will help the firm expand its operations and enhance its commitment to regulatory compliance and transparency.
The License Gives Naqdi The Right To Offer More Trading Services
Naqdi will now offer a wide range of trading services after receiving the new license. It will ensure that the firm is positioned as a trusted partner for both institutional and retail clients.
The firm stated that the license is one of the most difficult to obtain and the issuer is very stringent in the UAE. The SCA plays a very important role in the maintenance of market stability. Naqdi will now be fully recognized as a licensed trading services operator in the UAE.
Chief Executive Officer of Naqdi, Zia Ur Rehman, commented on the development. He stated that the achievement shows the company’s commitment to maintaining the highest level of regulatory compliance. He added that the milestone will further strengthen the firm’s relationship with its partners and clients. This will ensure that the company is ahead in the industry.
The financial sector in the UAE has experienced immense growth, propelled by increased demand for dependable and proper-regulated trading platforms.
Following the acquisition of the SCA license, Naqdi is repositioning itself to become the leader in the industry. The firm will be enhancing its offerings, including its trading tools and services designed to meet the needs of different client bases.
More Trading Firms Seek License From UAE
The license also means that Naqdi will be operating in a highly regulated environment in the region. More traders and investors in the region are looking for platforms with more transparency and security. Naqdi’s license will enable the firm to gain more clients looking for these benefits. The firm says it will be looking to instill greater confidence among clients.
The firm will be making sure that it expands its client base and broadens its product lineup. The plan is to continue in this trajectory providing excellent customer satisfaction and maintaining regulatory excellence. The UAE is gradually becoming the most important destination for companies seeking for a properly regulated trading environment. More firms are now seeking operational licenses within the region.
Multi-asset trading provider, ThinkMarkets, recently gained operational license from the Dubai Financial Services Authority. The license gives the firm the right to seek for new clients and offer trading services in the region.
Similarly, Capital.com received a license and set up a regional brand in the UAE earlier this year. The firm says it wants to take advantage of the regulatory balance in the region and gain more clients looking for a well-regulated environment for trading.