Tradeview has secured a license from the United ArabEmirates’ Securities and Commodities Authority (SCA), marking a significantstep in the company’s expansion in the Middle East.
Amgad Attia, the Managing Director ofTradeview, made the annoucement today (Tuesday) on LinkedIn. The approval will enables Tradeview tooperate as a regulated financial services provider in the UAE, furtherstrengthening its presence in the region.
Approval from the Securities and Commodities Authority
“It is our pleasure to announce that Tradeview has obtainedthe prestigious Securities and Commodities Authority (SCA) license in the UAE.This license, alongside our other licenses, demonstrates Tradeview’scommitment to provide our clients with the best trading environment possible,” Attia mentioned.
Following the Expansion in Latin America
In February, Tradeview disclosed plans to expand its presence inPeru with the launch of a larger office in Lima. With a presence in Peru for morethan 14 years, it announced plans to increase its business in the region by 50%this year and double it within the year.
“Tradeview is expanding its presence in Lima with a new, larger office this June, reinforcing our aggressive growth strategy across Latin America,” Tomothy Furey, the Founder and CEO of Tradeview Markets, said.
“We’ve been active in the Peruvian market for over 14 years, and now we’re scaling up. With plans to grow our business by 50% this year and double it by 2025, we’re making significant investments in the region—offices, sponsorships, education, and more.”
More from the UAE: The Regulatory Playbook: Dubai Did It First, But Cyprus Can Still Do It Best
In the recent past, the UAE is attracting players in financialspace. In March, CPT Markets, a forex and contracts for differences (CFDs)brokerage firm, secured the Arrangement and Advice license from the United ArabEmirates’ SCA. The approval followed CPT Markets’ expansion in Europe with an officein Larnaca, Cyprus, establishing its first physical presence within theEuropean Union.
The SCA granted CPT Markets the authorization to conductintroductions and financial promotions in the region. With this license, CPTMarkets can reportedly arrange financial products and engage in regulatedpromotional activities.
Around the same time, STARTRADER, another forex and CFD secured its SCA license in the United Arab Emirates, adding to its existing regulatoryapprovals across various global markets.
This article was written by Jared Kirui at www.financemagnates.com.
