Is Legit in UAE?

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Is legit in UAE? Discover the truth about this broker's licensing, compliance and legitimacy in our in-depth review.

Plenty of traders, especially in the Middle East and North Africa (MENA) region, have been wondering – “Is legit and allowed to operate in the UAE?”

You see, when it comes to trading stuff like stocks, forex, or crypto, using a shady, unlicensed broker is just asking for trouble. We’re talking potential scams, your money going missing, you name it. Safe to say, it’s an absolute must to stick with regulated brokers.

That’s exactly what we’re going to discuss here – whether checks those crucial legitimacy boxes when it comes to operating in the UAE market.

We’ll look at their licenses, the regulators overseeing them, investor protections in place, and more. By the end, you’ll know if is 100% kosher for UAE traders or if you should steer clear.

What is

Founded back in 2016, is an online trading platform that lets you invest in all sorts of financial instruments like forex, stocks, commodities, cryptos, you name it.

What really sets them apart is their user-friendly platform that’s designed to cater to everyone from total trading newbies to seasoned pros. It’s got all the bells and whistles you’d expect, like advanced charting tools and technical indicators, but presented in a clean, intuitive way.

Now, you might have heard about some leadership shake-ups at recently. Their former CEO, Peter Hetherington, who was an industry heavyweight from IG Group, stepped down in 2023. But they wasted no time in bringing on board another IG alum, Kypros Zoumidou, to take the reins.

For their Middle East operations, they’ve got Tarik Chebib running the show as CEO Middle East. Tarik was the Group Chief Revenue Officer at IG before joining in 2021.

Speaking of the Middle East, that’s where has big expansion plans in Dubai, having just moved into the iconic Emirates Towers. But is this platform really legit?

Read our extensive Review

Is Legal in UAE?

Cutting straight to the chase, has secured a Category 1 license from the UAE’s Securities and Commodities Authority (SCA), the country’s primary regulator for financial markets and services.

This is a big deal because a Category 1 license is the highest level of regulatory approval granted by the SCA. It’s also a stamp of legitimacy that proves meets the stringent requirements set forth by the UAE authorities.

To obtain this license, had to go through a rigorous application and evaluation process, proving their financial stability, operational capabilities, and compliance with UAE regulations. This means that has demonstrated its commitment to following the rules and protecting the interests of its UAE-based clients.

The SCA’s regulatory oversight and investor protection measures are no joke. Licensed brokers like must adhere to strict guidelines, such as maintaining segregated client accounts to safeguard customer funds, providing negative balance protection to limit potential losses, and undergoing regular compliance audits to ensure they’re playing by the book.

SCA’s Regulatory Oversight and Investor Protection

The Securities and Commodities Authority (SCA) is the big kahuna when it comes to overseeing financial markets and services in the UAE. Their main job is to ensure that everything is running smoothly, fairly, and transparently, and that investors are protected from any shady business practices.

For brokers like that hold an SCA license, there are strict rules and regulations they must follow to the letter. One of the key investor protection measures enforced by the SCA is the segregation of client funds. This means that must keep their clients’ money separate from their own operating funds, ensuring that your hard-earned cash is always safe and accounted for.

Another important safeguard is negative balance protection. In the fast-paced world of trading, losses can sometimes exceed your account balance. With negative balance protection, licensed brokers like are required to cover any negative balances, preventing you from owing them money if trades go south.

But it doesn’t stop there. The SCA also conducts regular compliance audits on licensed brokers to ensure they’re playing by the rules. These audits cover everything from financial reporting and risk management to trade execution and client communications. Any violations could result in hefty fines or even the revocation of their license.’s Regulated Global Operations

Beyond just the UAE, has established fully licensed and regulated subsidiaries in major financial hubs around the world.

Is Regulated?

  • In the United Kingdom, their entity Europe Ltd. is authorized and regulated by the prestigious Financial Conduct Authority (FCA).
  • Over in Australia, Australia Pty Ltd holds a license from the Australian Securities and Investments Commission (ASIC).
  • And in Europe, SV Investments Limited is regulated by the Cyprus Securities and Exchange Commission (CySEC).

Having multiple regulated entities across different jurisdictions underscores’s commitment to playing by the rules no matter where they operate. Each of these regulatory bodies has its own strict licensing requirements, investor protection rules, and compliance oversight that must adhere to.

Why You Should Trust

Choosing a globally regulated broker like offers several key benefits. First, it provides an extra layer of confidence in the broker’s financial stability, operational capabilities, and ethical business practices.

After all, major regulators like the FCA, ASIC, and CySEC don’t just hand out licenses to any Tom, Dick, or Harry.

Additionally, having a presence in multiple regulated markets demonstrates’s commitment to transparency and accountability. They can’t simply pick up and move to a less regulated jurisdiction if they start facing heat from authorities. Their reputation and ability to operate are on the line in each of these tightly controlled financial centers.

Client Testimonials and Reviews

Of course, regulatory licenses and compliance measures are all well and good, but at the end of the day, the real test of a broker’s legitimacy comes from the experiences of their actual clients. And in’s case, the client testimonials and reviews speak volumes.

Take Ahmed from Dubai, for example. In his review on a popular trading forum, he raved about the “top-notch service and secure trading environment” provided by

“As someone who’s been burnt by shady brokers in the past, it’s a massive relief to finally find a regulated firm I can actually trust with my money,” he wrote.

Over on TrustPilot, a reputable third-party review platform, boasts an impressive 4.3 out of 5 stars from over 10,000 reviews.

Many clients praised the broker’s user-friendly platforms, responsive customer support, and the peace of mind that comes with dealing with a fully licensed and regulated entity.

One TrustPilot reviewer, Craig from the UK, summed it up perfectly: “Reliable and transparent.
10 years experience – I can highly recommend Capital to be trusted. Period.”

Is legal in the UAE? Trustpilot reviews

While no broker is perfect, and there will always be a few disgruntled voices in the mix, the overwhelmingly positive client feedback is a strong testament to’s legitimacy and dedication to providing a secure, compliant trading experience.



At the end of the day, when it comes to choosing a broker for your trading needs, legitimacy and regulatory compliance should be at the top of your priority list. And as we’ve seen, ticks all the right boxes in this regard, particularly in the UAE market.

Let’s quickly recap the key points that solidify’s status as a legitimate, above-board broker in the UAE:

  1. They hold a prestigious Category 1 license from the UAE’s SCA, subjecting them to stringent regulations and investor protection measures.
  2. The SCA enforces rules like segregated client funds, negative balance protection, and regular compliance audits to safeguard traders’ interests.
  3. has established regulated subsidiaries in multiple jurisdictions, including the UK, Australia, and Cyprus, demonstrating their global commitment to playing by the rules.
  4. Overwhelmingly positive client testimonials and reviews on reputable platforms attest to’s legitimacy and the secure trading environment they provide.

As you can see, choosing offers you a level of security, transparency, and peace of mind that simply can’t be matched by their unregulated counterparts. However, it’s still important to do your own due diligence and research before committing any funds to ensure that (or any other broker) aligns with your specific trading needs and preferences.

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  • Is legit in the UAE?

Yes, is a legitimate broker operating legally in the UAE with the prestigious Category 1 license from the UAE’s SCA, subjecting it to strict regulations and oversight.

  • What is the significance of’s Category 1 SCA license?

A Category 1 license means is financially stable, and is complying with UAE regulations.

  • Is safe?

Yes! Key measures include segregation of client funds, negative balance protection, and regular compliance audits. These safeguards ensure the safety of client money and transparent operations.

  • Is regulated in other jurisdictions besides the UAE?

Yes, has licensed subsidiaries in the UK, Australia, and Cyprus, which are regulated by prestigious bodies like the FCA, ASIC, and CySEC respectively.