The companies, products and regulatory developments shaping the broker industry.
The company says its local entity has received permission for introduction and promotion activities. The stated scope does not include executing trades or holding client funds.
The company names IUX Mena Financial Consultation L.L.C. as the licence holder. Its release does not specify the authorised activities or establish group-wide retail dealing permission.
Alpaca Clearing & Custody ME has an in-principle FSRA approval for its application in Abu Dhabi Global Market. Virtual-asset brokerage and custody are proposed, not yet authorised services; full permission and conditions remain outstanding.
Payward FZCO holds an active licence issued on 6 October. Kraken’s subsequent UAE rollout plan combines local-currency funding with access to its trading network, with further products dependent on additional approvals.