Authority and scope
Sections ↑The Financial Services Regulatory Authority supervises financial services in Abu Dhabi Global Market. Financial firms have FSRA obligations in addition to the commercial requirements applying to registered ADGM entities. A commercial incorporation and a financial-services permission establish different things.[1]
Registers and permission checks
Sections ↑Identity and permission checks
| Record field | What to establish |
|---|---|
| Legal company and FSP number | Match the firm named in the customer agreement to its individual financial-services record.Source 2 |
| Current status | The register includes current and former approvals; inclusion alone does not establish an active permission.Source 2 |
| Activities and limitations | Read the individual record for permitted services and client restrictions.Source 3 |
| Client-asset permission | Check whether the company may hold or control assets, separately from its ability to arrange or deal in investments.Source 3 |
ICM Limited illustrates the distinction. Its record shows active FSP 210045, dated 12 October 2022. The published conditions prohibit dealing with retail clients and holding or controlling client assets; principal dealing is limited to a matched-principal basis. These are conditions on that company, not permissions shared automatically by other ICM businesses.[3]
The FSRA register is an official public record covering firms, individuals, funds and other categories. Use the relevant category and current individual entry; keep a dated copy of the permission and conditions when assessing an account. The register itself cautions that errors or omissions can occur.[2]
Check the exact legal entity, permissions, current status and scope in the official record. A brand connection in our coverage does not establish authorisation.
Rules for firms and products
Sections ↑Client classification affects which services a firm can provide and which conduct requirements apply. FSRA’s implemented August 2023 amendments included client classification, assets and conduct; its announcement expressly required assessment of existing professional clients’ continuing eligibility before offering new types of services or products under the changed requirements. A “professional” label should therefore reflect the applicable assessment, not simply the customer’s willingness to accept leverage.[5]
Client assets and protection boundaries
Sections ↑Permission to deal as principal, including on a matched-principal basis, does not by itself grant permission to hold client assets. In the ICM example above, the register’s prohibition on holding or controlling client assets is decisive for describing that legal company’s role. Identify any separate custodian, payment recipient or execution company rather than assuming all group functions sit inside one FSRA permission.[3][5]
Complaints and dispute resolution
Sections ↑Route for an unresolved issue
| Step | Published process |
|---|---|
| Approach the authorised firm | Give it an opportunity to handle the complaint under its own procedures.Source 4 |
| Regulatory escalation | Submit a written complaint through the FSRA form with your details, the firm or person, a dated chronology and supporting correspondence.Source 4 |
| Assessment timing | The authority aims to complete assessment within 28 days, while complex matters can take longer.Source 4 |
| Jurisdiction | Its remit concerns relevant ADGM financial-services conduct. Non-financial ADGM business or conduct elsewhere can fall under another authority.Source 4 |
Reporting misconduct and enforcement
Sections ↑FSRA’s published alerts show why a company name and an ADGM address are insufficient. Its March 2025 Global Investors FX notice states that the named business was not authorised by FSRA. Check the official financial-services record and the domain/contact details together; incorporation or a professional-looking certificate does not answer the financial-permission question.[6]
Compensation and firm failure
Sections ↑A financial-services permission and a regulatory complaint procedure do not establish a general per-investor compensation amount. The evidence cited here concerns authorisation, limitations and regulatory assessment. Any assertion of client-asset insurance or a private protection arrangement needs its own terms, beneficiary and relevant legal entity.[2][4]
Contacts & official resources
Sections ↑Use the authority’s official website for current official routes. Purpose-specific resources have not yet been established in this profile.
Sources & further reading
- Financial Services Regulatory Authority: remit and framework ADGM · Accessed 11 Oct 2026
- FSRA Public Register: coverage and use ADGM · Accessed 11 Oct 2026
- ICM Limited: firm status and permission limitations ADGM · Accessed 11 Oct 2026
- FSRA enforcement: complaints and jurisdiction ADGM · Accessed 15 Oct 2026
- FSRA client-classification, client-asset and conduct amendments, 15 August 2023 Abu Dhabi Global Market · Accessed 15 Oct 2026
- FSRA alert concerning Global Investors FX, 19 March 2025 Abu Dhabi Global Market · Accessed 15 Oct 2026
A documented resource is not a finding of eligibility or compensation coverage. Consult the named body and current official terms for your firm, product and circumstances.
Report an error or submit an update
Covered broker profiles
Profiles connected to this authority in our coverage. This is not a complete official register or a list of approved brokers; see each entity’s dated status.
ICM.com
Direct and Zero FX/CFD accounts, instrument-specific prices, MetaTrader, money movement and the material Mauritius, ADGM and former UK distinctions.
- Operating status
- Active
- Headquarters
- Group offices; Mauritius retail contracting entity
- Sources checked
- 11 Oct 2026
Lunaro
Lunaro offers forex and multiasset derivatives through separate UK and Abu Dhabi businesses. The UK service combines CFDs and spread betting; the UAE service adds exchange-traded futures and options. Account tariffs, dealing arrangements and protections depend on the contracting entity.
- Operating status
- Active
- Headquarters
- London, United Kingdom; Abu Dhabi, United Arab Emirates
- Sources checked
- 20 Oct 2026
Sarwa
A detailed UAE and regional profile of Sarwa Invest, Trade and Save, including tiered managed fees, stock and options commissions, instant funding, withdrawals, referral conditions, the 2024 DIFC-to-ADGM consolidation, legal entities, custodians and client-protection boundaries.
- Operating status
- Active
- Headquarters
- Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates
- Sources checked
- 15 Oct 2026
Thndr
A multi-region profile of Thndr’s Egyptian stock and fund service, ThndrX subscription, US and UAE routes, market-specific charges, order types, funding, instant settlement, transfers, custody, regulation and support.
- Operating status
- Active
- Headquarters
- Cairo, Egypt, with ADGM international entity
- Sources checked
- 29 Oct 2026