GO Markets is getting a UAE license from the Securities & Commodities Authority (SCA) and in the process of establishing a physical presence in Dubai to service its new and existing clientele.
July 13 2020 | AtoZ Markets –Australia based Retail FX and CFDs broker GO Markets has expanded in the Middle East and Northern Africa (MENA) region and obtained a broker license from the UAE financial watchdog, the SCA. According to market sources, the license was awarded to the company’s UAE subsidiary, GO Markets MENA DMCC.
GO Markets obtains a UAE license
Go Markets MENA DMCC was established in the economic ‘free zone’ of the Dubai Multi Commodities Centre (DMCC) in 2019. Thee company has also obtained its membership with the Dubai Gold and Commodities Exchange (DGCX) last year.
“I’m extremely proud and excited, the ESCA license is a critical part of our MENA region expansion plans. We’ve worked hard on establishing ourselves as a reputable brand and provider in the region, and I’m very happy to see it all coming together,” GO Markets MENA CEO Sherif Sanad said in an interview.
Sanad became the CEO of the firm in January 2019. He previously worked at Exclusive Capital, RG Markets, Velocity Trade, as well as One Financial Markets.
“It has been our priority to facilitate the same level of confidence and security to our clients in the Middle East region. SCA License is a major milestone in our broader efforts to become a truly multi-jurisdictional provider,” GO Markets MENA director Khim Khor added.
GO Markets MENA noted that it will offer all available products under the DGCX, and it will expand its product range to include further products with regulatory approval.
About GO Markets
GO Markets was founded in 2006 in Melbourne, Australia. The brokerage firm provides Forex and CFD trading services to individuals and wholesale clients globally. The company holds an AFSL (Australian Financial Services License) from the Australian Securities and Investments Commission (ASIC). GO Markets’ subsidiary GO Markets Ltd also holds a Cyprus Securities and Exchange Commission (CySEC) license. GO Markets MENA DMCC is a subsidiary of GO Markets Pty Ltd.
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