XM review: Broker strengthens UAE presence with SCA approval

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Alena Volkova

03.12.2025

XM review: Broker strengthens UAE presence with SCA approval — XM strengthens MENA presence

XM, a globally renowned broker, has taken a significant step in expanding its footprint in the Middle East after securing a Category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates. The authorization, confirmed this week, allows the global trading firm to operate directly within the UAE market under one of the region’s most respected regulatory frameworks.

With more than 15 million clients across 190 countries, XM’s acquisition of the SCA license reinforces the company’s long-standing commitment to regulatory compliance, operational transparency and investor protection.

XM expands its regulated global infrastructure

The approval from the SCA positions XM among the select international brokers formally authorized to offer trading services within the Emirates. According to Menelaos Menelaou, co-Chief Executive Officer of XM, the milestone represents both a vote of confidence and an advancement in the company’s regional strategy.

“The UAE has established itself as a world-class financial hub, and receiving authorization from the SCA underscores our commitment to long-term growth and trust in the region,” Menelaou said. “We are proud to now offer UAE clients the same award-winning services and high standards of transparency that define XM globally.”

With the new license, XM can now provide its full suite of trading services across Dubai and the wider Emirates through its dedicated regional website available in both Arabic and English.

Enhanced access for UAE iraders

UAE-based clients who register under the new authorization gain direct access to XM’s global ecosystem, which includes:

- Over 1,400 financial instruments

- More than 10 trading platforms, including the XM App

- A comprehensive catalog of educational resources

- Free market analysis and trading tools

- Award-winning multilingual support

XM highlights that the new license aligns with its strategy of serving local markets through tailored infrastructure, localized services and strict regulatory oversight.

A firm with global scale and long-term stability

Founded more than 15 years ago, XM holds multiple international licenses and operates with a focus on fairness, reliability and competitive trading conditions. Its global client base exceeds 15 million, supported by a reputation for transparency and strong client service.

The SCA license is expected to accelerate XM’s expansion in the Middle East, with the firm signalling further regional initiatives in 2026 as it builds out local offerings for retail traders, investors and affiliates.

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