XTB Secures UAE CMA Licenses to Expand Regional Brokerage Services

Poland-based retail FX and CFD broker XTB SA (WSE: XTB) has announced that its UAE subsidiary, XTB Financial Services LLC, has obtained Category 1 and Category 2 licenses from the UAE Capital Markets Authority.

With these licenses, XTB is now authorized to provide a full range of brokerage services to investors under the UAE regulatory framework, with plans to introduce additional investment products in the future.

The company stated that securing CMA authorization marks a key step in strengthening its localized presence in the UAE and the broader Gulf region, reinforcing its long-term commitment to regional clients. Prior to this, XTB operated in the UAE through the Dubai International Financial Centre.

Since 2021, Achraf Drid, a former ADSS executive, has served as Managing Director and Senior Executive Officer for XTB’s Middle East and North Africa operations.

As the UAE continues to grow as a global financial hub, XTB’s latest regulatory approval highlights a broader trend of international firms enhancing their regulatory footprint and local operational structures in key strategic markets.