FP Trading obtains CMA licence, establishes onshore footing in the UAE

FP Trading, an international forex and CFD brokerage, has established an onshore presence in the United Arab Emirates after obtaining a Category 5 licence from the Capital Market Authority (CMA). This authorization permits the firm to market its services and introduce clients within the UAE, marking a significant step in its regional expansion strategy.

The new licence enables FP Trading to operate locally rather than solely cross-border, aligning with the UAE's increasing prominence as a financial hub that attracts numerous brokers and financial firms seeking a genuine local footprint. The company stated that holding a CMA licence provides a more direct channel to engage with the region's trading community under local regulatory oversight.

FP Trading emphasized that this onshore presence is a long-term commitment to the region. Narayan Joshi, general manager of FP Trading, highlighted that the licence allows for closer collaboration with clients and partners in the UAE, offering quicker turnaround times and more localized support. This development complements the firm's existing regulatory approvals in other jurisdictions, aiming to ensure a consistent level of client protection and oversight globally.

The UAE licence is a key component of FP Trading's ongoing efforts to broaden its regulatory coverage in additional markets. The company views the UAE as an increasingly central element of its regional strategy, facilitating closer relationships with its network of introducing brokers and affiliates.

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Having this licence in place lets us work far more closely with our clients and partners in the UAE. It's a long-term commitment to the region, not a short-term move, and it fits into how we're building out our regulatory presence more broadly.