CPT Markets Gets New SCA Category Five Approval in UAE
CPT MENA Financial Services LLC, UAE subsidiary of CPT Markets, has received a Category Five license from the UAE Securities and Commodities Authority (SCA). It is a global retail FX and CFDs broker.
Details of the License
CPT MENA’s new license falls under the Arrangement and Advice (Category Five) classification. It allows the company to conduct Introduction and Promotion activities in the UAE. This differs from a Category One license, which also permits trading in OTC derivatives and spot market currencies.
The new license allows the company to expand its presence in the UAE. It ensures compliance with the UAE’s SCA regulations. This step strengthens the company’s ability to engage with clients in the region through approved Introduction and Promotion activities.
Benefits for Traders
This new license might offer these benefits to traders:
Easier Access to CPT Markets
Traders and investors in the UAE can now connect with CPT Markets more easily. The license allows the company to promote its services and introduce clients to its offerings under UAE regulations.
Assurance of Regulatory Compliance
The UAE SCA license ensures that the company follows local financial regulations. This adds a layer of security for traders looking to engage with a regulated broker.
About CPT Markets
Zhijian Wang, a UAE-based Chinese entrepreneur controls CPT Markets. The company operates through multiple regulated entities. The group also runs a licensed South African entity and an offshore Belize-based operation under CPT Markets Limited. It is a multi-asset brokerage firm. The firm aims to empower individuals and institutional traders with tailored solutions.
Summing Up
The company has secured a UAE SCA Category Five license, reinforcing its expansion strategy. The company continues to grow its global operations while complying with local regulations. Its focus on regulatory approvals positions it for further regional development.
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