Exclusive: Deriv Starts Onboarding UAE Traders Under New SCA Licence
Deriv, an online trading company, announced that it has
obtained a Category 1 license from the UAE Securities and Commodities Authority. The licence was granted to its newly formed UAE subsidiary, Deriv
Capital Contracts & Currencies L.L.C. The move allows the company to
provide regulated trading services in the UAE.
Deriv Targets UAE Market Under SCA Supervision
Deriv has been operating for 26 years and serves over three
million clients globally. The UAE entity
will operate under SCA supervision and offer services compliant with local
regulations.
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This licence adds to Deriv Group’s existing international
authorisations, including licences obtained in Mauritius in June 2024 and the
Cayman Islands in April 2025.
“This market is especially exciting given its young,
digital-first population, leading global cryptocurrency adoption. We’re eager
to empower clients across the UAE with our innovative platforms,” said
Rakshit Choudhary, who became sole CEO of Deriv in May this year.
Mobile App Introduced With Localised UAE Support Options
Deriv will offer localised support, region-specific payment
options, and educational resources. A mobile app is available for iOS and
Android.
You may find it interesting at FinanceMagnates.com: Exclusive:
Deriv’s Founder Steps Down as Top Executive, Rakshit Choudhary Becomes Sole CEO.
It offers CFDs via MT5 across six markets, AED-based demo
and live accounts, swap-free trading, built-in risk management tools, and
support in Arabic and English.
“Obtaining our SCA licence was fundamental to our
regional strategy, allowing us to serve clients in the UAE with the
transparency, safeguards, and service quality that have defined Deriv for over
two decades,” added Joanna Frendo, Executive Director of Deriv Capital
Contracts & Currencies L.L.C and Chief Compliance Officer at Deriv Group.
This article was written by Tareq Sikder at www.financemagnates.com.
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