Affects: FOREX.com clients and prospects affected by the entity, jurisdiction or permission described
GAIN Capital obtained a UAE SCA Category 5 licence allowing financial consultation, introductions and promotion. The permission does not allow local holding of client money or trade execution, and the source said it was unclear whether the Dubai operation would promote FOREX.com or City Index.
Key points
- Category 5 is narrower than a full local brokerage licence.
- Brand attribution between FOREX.com and City Index remained unclear.
What this means
FOREX.com clients and prospects affected by the entity, jurisdiction or permission described
This is an original editorial digest of the attributed source material. Product terms, availability and regulatory permissions can change; verify current details before acting.
Editorial note
This page is an original multilingual editorial summary. It attributes and links to the source report instead of republishing the third-party article.