Tradeview has announced that it has received a license from the UAE’s Security and Commodities Authority (SCA), as the firm continues its expansion steps in the Middle East.

Amgad Attia, Managing Director of Tradeview, commented on the development. He noted that the license will enable the company to operate as a regulated financial services provider in the United Arab Emirates, thereby strengthening its presence in the region.

Attia added that the license and other approvals the firm has received will enable it to offer its services to clients in the region. UAE has been creating the right trading environment for digital trading firms, and this license is proof that the area is gradually attracting more companies to the industry.

TradeView Steps Up Its Plans To Expand Operations To Other Regions

Tradeview is also planning to expand to other regions. Earlier this year, the firm announced its plans to open additional offices in Peru, with a larger office in Lima being among its priorities. The company has been operating in Peru for the past 14 years, but Tradeview states that it aims to expand its business in the region by 50% this year. It also plans to double its business in the region before the end of the year.

Timothy Furey, Founder and Chief Executive Officer of Tradeview, commented on the development. He said Tradeview is setting up a new and larger office in Lima as it expands operations in the region. This reinforces the company’s aggressive growth strategy across Latin America. Furey added that the firm is scaling up after being active in the Peruvian market for more than 14 years. Tradeview is making major investments in the region with education, sponsorships, offices, and more, he noted.

The UAE has Continued To Open Doors For Financial Companies

The UAE has been attracting several financial players in recent years. Earlier this year, CFDs brokerage firm, CPT Markets, received an Arrangement and Advice license from the UAE’s SCA.

The license comes after CPT Market expanded its operations in Europe with an office in Larnaca, Cyprus. The licence was the company’s first physical presence in the European Union.

CPT Markets was granted the license to conduct financial promotions and introductions in the UAE. Following the acquisition of the licence, CPT Markets can carry out regulated promotional activities and arrange financial products in the region. Additionally, another CFD and forex broker, STARTRADER, received its SCA license in the UAE, enabling the firm to conduct trading businesses in the region.