GivTrade has received a Category 5 licence from the UAE
Securities and Commodities Authority. The licence allows the firm to carry out
“Arrangement and Advice” activities in the UAE. These include financial
consultations, introductions, listing advisory, and promotion activities, in
line with SCA regulations.
The approval follows a trend among brokers obtaining
Category 5 licences in the UAE. Earlier this month, Finalto
received the licence, enabling it to serve professional and institutional
clients, and appointed Conor Canny as CEO for the MENA region. In July, Exinity
and VT Markets also obtained Category 5 licences from Dubai’s SCA.
Regulatory Requirements
The Category 5 licence falls under the SCA Rulebook, which
requires firms to meet governance, capital adequacy, and compliance standards.
GivTrade said the authorisation marks a step in its regional growth strategy
and provides a framework for its UAE-facing operations.
Trading Offerings
GivTrade offers access to global markets through contracts
for difference covering forex, precious metals, energy, indices,
commodities, and stocks. Trading is available via MetaTrader 5 and the
company’s proprietary applications, supported by market news, research, and
educational content.
Hassan Fawaz, Chairman and Founder of GivTrade, said the
licence was “a turning point for GivTrade and for our clients in the
UAE.” He added the approval “confirms that our governance, risk and compliance
standards meet the expectations” of the regulator and allows the firm to
operate “within a clear local regulatory framework.”
UAE Investors Gain from Crypto Conversions
Recently, eToro
launched crypto deposits in the UAE, allowing users to transfer nine
digital assets into its Crypto Wallet and convert them to USD for trading, with
1% cashback in UAE-listed stocks on conversions, capped at $1,000 monthly
through March 2026. Cryptocurrency accounts for over 90% of eToro’s revenue,
while equities and commodities contribute minimally.
Meanwhile, Bitcoin is trading near $88,000–$90,000 after
retreating from its 2025 high above $120,000. Consolidation follows November
declines, with
technical indicators showing balanced momentum. Macro trends, ETF flows,
and institutional demand support the market, while long-term holders dominate
supply, creating cautious optimism for medium-term upward movement.
This article was written by Tareq Sikder at www.financemagnates.com.
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