Retail FX and CFDs broker Traze has announced that the company’s Traze Securities LLC subsidiary in Dubai ha
Retail FX and CFDs broker Traze has announced that the company’s Traze Securities LLC subsidiary in Dubai has received a full Category One License from the UAE’s Securities and Commodities Authority (SCA).
The new license allows Traze to act as a Trading Broker in the international markets, and as a Trading Broker of OTC derivatives and currencies in the spot market.
Traze has also recently onboarded two experienced industry executives in the UAE: Erkin Kamran (formerly at BofA Merrill Lynch, CRYT, and MarketFactory) who serves as Traze CEO, and former BDSwiss, Swissquote, and TopFX executive Osama Al Saifi, who is now Traze Managing Director for MENA.
Erkin Kamran, Traze CEO commented,
“Receiving the SCA First Category License is a testament to our unwavering commitment to creating a trading ecosystem built on trust, transparency, and innovation. This regulatory milestone allows us to further our mission of making investing more accessible and empowering traders with the tools and education they need to succeed.”
Osama Al Saifi, Managing Director for MENA at Traze added,
“This is an exciting milestone for Traze and for traders across the UAE and the wider MENA region. With the SCA First Category License, we are uniquely positioned to provide a secure and transparent trading environment that meets the highest regulatory standards. We are committed to supporting traders at every step of their journey, helping them craft their own bespoke portfolios with confidence.”
About Traze
Traze offers online trading services in multiple jurisdictions, and is operated mainly from Dubai. The company also holds a South Africa FSCA license, an FCA license in the UK (under the ZFX brand), and operates an offshore entity in Seychelles. Traze, part of the Zeal Group, is controlled by Chinese national Yun Chen.
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