Exclusive: Several Big Brokers Seeking Dubai Financial Services License

[kreslik.news]

Finance Magnates can confirm that several big companies from the industry are looking to obtain an operating license in Dubai. Sources with knowledge of the matter shared that rather large brokers such as CMC Markets, LCG, Pepperstone, and at least two other major players, have filed their applications with the Dubai Financial Services Authority (DFSA).

The move comes amid increasing regulatory pressures in Europe. Brokers have been actively looking for ways to diversify their exposure to the European market. Further expansion into the Middle East makes sense as the region is home to some of the most populous countries in the ... (read more)