Dubai DFSA Forex Broker License
Stepwise Procedure for a Dubai Financial Services Authority (DFSA) License
Securing a broker license in Dubai is no easy feat, as they have several hurdles in place to ensure only high quality and ethical service providers get licensed. Our expertise is to demystify the process as outlined below for our clients:
- We start with helping you collect all the necessary documentation concerning your brokerage, the directors and shareholders.
- Upon arriving at a general overview, we proceed to revise and develop your business plan and goal, so as to improve the odds of approval by the DFSA.
- When the plan is satisfactory and the documents ready, we proceed with registering an entity in the jurisdiction.
- On completion of the registration, we will file an application for a license with the DFSA.
- Throughout the process, we will keep your team abreast of developments with prompt and complete disclosure.
- Upon successful approval of the license, we’ll begin to set up a bank account.
Important Facts Related to a DFSA Forex Broker License in Dubai
- A physical office and local directors are a strict requirement
- Paid up capital is set at 500,000 AED
- Leverage set at 50:1 for major currency pairs & gold
- 2 types of license permissions: Dealing in Investment as Principal & Agent
- The application process is lengthy and will take a minimum of 12 months, if not more
Atomiq Consulting – Your Forex Broker Licensing Partner
Since 2014, Atomiq Consulting has been a global leader for FX & CFD broker license consultation. With a solid track record in offshore and continental licensing, we are the ideal partner to assist you in obtaining a Dubai DFSA forex license.
If you are strongly considering a forex broker license in Dubai, we are your ideal partner realizing your dreams. We have a reputation in the industry of getting things right the first time and in effect saving our clients time and money.
Get a Quote on a Dubai Forex Broker License Today!
Contact our team of consultants today to learn more about fees, requirements, and a quote for a Dubai Forex Broker License!
Dubai DFSA Forex Broker License FAQ
Are there any Dubai licensed brokers currently for sale?
Yes. For our clients whose operations are time sensitive. We can assist in the acquisition of an existing DFSA licensed forex broker. The offers are marked to market, meaning we can only provide quotes at the time of readiness, based on availability.
After the license has been issued, does Atomiq Consulting also assist with establishing a local bank account?
Yes, as part of our consultation services we will also assist your newly licensed broker with establishing a bank account in the UAE.
What is the regulatory body which oversees forex & CFD trading in Dubai?
Forex trading in the UAE is overseen by the Dubai Financial Services Authority (DFSA).
Is a physical presence in Dubai required to obtain a forex broker license there?
Yes. Any forex broker wishing to obtain license approval by the DFSA must maintain a local office and employ executive staff members.
How can I see if a forex broker is regulated in Dubai?
One can visit the website of the DFSA where an online directory of all authorised firms is published.
Are there any regulatory jurisdictions similar to Dubai?
Forex broker regulation in the Middle East isn’t clear cut. There are countries like Jordan where forex trading is outright banned, in others like Lebanon it is regulated but with strict requirements and in others its a grey area without any set regulation. Outside of the Middle East, brokers may wish to consider a forex broker license in Labuan, Malaysia due to predominance of the Muslim faith in the region.
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