CFDs are leveraged. Most retail traders lose money, and you can lose more than you deposit.
BrokrpediaCheck a broker
Regulators · Middle East

🇦🇪 SCA UAE

Securities and Commodities Authority

Check a firm

  1. Search the SCA register ↗ for the exact company name and licence number the broker gives you.
  2. Match the website and phone number on the register to the ones you were given. Clone firms copy real names.
  3. Read the SCA warnings ↗.
  4. Also check IOSCO I-SCAN ↗, which gathers warnings from regulators worldwide.

Official site: sca.gov.ae/en/home.aspx

Where to complain

  1. Complain to the firm first, in writing, and keep copies. Most schemes need this step.
  2. Tell the regulator: SCA contact and complaints ↗.
  3. If the firm isn't licensed by SCA, these routes may not help. Report fraud to your local police too.

Watch out: after you complain online, "recovery" firms may contact you. Regulators and ombudsmen never charge to get money back. Read about recovery scams.

Brokers in our list that state a SCA licence (10)

  • FXTMExinity Global Financial Services L.L.C. (Cat 5, introduction only) · 20200000270 · claimed by broker
  • CFICFI Financial Markets LLC · 20200000154 · claimed by broker
  • PU Prime · 20200000388 · claimed by broker
  • Moneta MarketsMoneta Global Financial Services L.L.C (Cat 5, introduction only) · 20200000459 · claimed by broker
  • STARTRADERCat 5, introduction only · 20200000241 · claimed by broker
  • ActivTradesActivTrades Financial Services L.L.C (Category 5, introduction only) · 20200000480 · claimed by broker
  • ATFXATFX MENA Financial Services LLC · 20200000078 · claimed by broker
  • TaurexCategory 5, ranking and advice · 20200000224 · claimed by broker
  • XS.comXS COM Financial Consultation L.L.C · 20200000339 · claimed by broker
  • Dominion MarketsDominion Financial Services L.L.C · claimed by broker