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Last updated: July 2023
6 mins

Who Are the Top Regulators For Brokers in the UAE?

In the dynamic world of online trading, the role of regulatory bodies is crucial in ensuring a safe and secure trading environment. For UAE residents interested in online trading, understanding the regulatory landscape is a key step in choosing the right broker. This article aims to provide an overview of the top regulators for brokers in the UAE and highlight the benefits of choosing brokers like MultiBank and Equiti, which hold strong SCA certifications.

Who is the Regulator of Financial Services in UAE?

The primary regulator of financial services in the UAE is the Securities and Commodities Authority (SCA). The SCA is responsible for overseeing the financial markets and ensuring that brokers comply with the necessary regulations to provide a secure trading environment.

Is ADGM A Regulator?

Yes, the Abu Dhabi Global Market (ADGM) is a financial free zone in the UAE and serves as a regulator. The ADGM's Financial Services Regulatory Authority (FSRA) is responsible for authorizing and supervising financial services conducted in or from the ADGM.

What is the Regulatory Body of Forex in UAE?

The regulation of forex trading in the UAE is primarily under the purview of the Central Bank of the UAE and the SCA. These authorities set the rules and standards for forex trading to protect investors and maintain the integrity of the financial markets.

Is DIFC a regulator?

Yes, the Dubai International Financial Centre (DIFC) is another financial free zone in the UAE and has its own regulator, the Dubai Financial Services Authority (DFSA). The DFSA is responsible for supervising and enforcing financial services conducted within the DIFC.

How Many Regulators are There in the UAE?

There are several regulatory bodies in the UAE, each with its own specific jurisdiction and responsibilities. These include the SCA, the Central Bank of the UAE, the ADGM's FSRA, and the DFSA in the DIFC.

Choosing a Regulated Broker: MultiBank and Equiti

For UAE residents, choosing a broker regulated by a reputable authority like the SCA is a wise decision. Brokers like MultiBank and Equiti, which hold SCA certifications, offer a secure trading environment and adhere to high standards of transparency and customer protection.

MultiBank is known for its competitive spreads and personalized support, making it a preferred choice for advanced forex/CFD traders. Equiti, on the other hand, is recognized for its robust trading platform and comprehensive educational resources, making it a great choice for both beginners and experienced traders.

Please note that this article is for informational purposes only and should not be considered as financial advice. Always do your own research and consider your financial condition before investing. Do not invest more than you can afford to lose.
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