Polish-headquartered broker, XTB, has entered the Asian trading market by establishing a new Dubai subsidiary. The company has obtained a license from the Dubai Financial Services Authority (DFSA), which is a crucial step for the top-rated brokerage and excellent news for traders in the region.
XTB Obtains DFSA License
The DFSA license not only solidifies XTB’s position in the region but also provides credibility and security for new clients. This regulatory approval follows licenses from the Cyprus Securities & Exchange Commission (CySEC), the UK Financial Conduct Authority (FCA), and the Financial Supervision Authority (KNF) in Poland.
Upon approval, XTB will offer a range of forex and CFD products to traders from the UAE, as well as other GCC states, such as Bahrain, Oman, Qatar, Kuwait, Saudi Arabia, and North Africa.
Clients opening trading accounts with XTB will have peace of mind knowing that the brokerage is following the regulatory requirements of the region. It also means that traders who encounter issues with withdrawals or other problems will have legal channels to seek recourse.
Who Is XTB?
XTB is a renowned broker in Europe, offering more than 50 currency pairs, 1,500 CFD shares, as well as commodities, ETFs, and various cryptocurrencies, including Bitcoin.