Affects: XM clients and prospects affected by the jurisdiction or regulatory framework described
Finance Magnates reported that XM received a Dubai SCA Category 5 licence through the locally formed XM Financial Products Promotion entity and established an office in Business Bay. The licence allows promotion and client introductions but does not by itself authorize local custody of client funds or trade execution.
Key points
- XM entered the SCA Category 5 register through a local entity.
- The report identifies an Opus Building office in Dubai.
- Category 5 is closer to an introducer permission than a full local brokerage licence.
What this means
XM clients and prospects affected by the jurisdiction or regulatory framework 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.