Polish-listed investment platform XTB has received Category 1 and Category 2 licences from the UAE’s Capital Market Authority for its UAE subsidiary, the company said on Friday.
The dual licences enable XTB to offer its full brokerage range to local investors whilst also providing a foundation for introducing more advanced investment products in the future.
The firm said the authorisations strengthen its ability to operate with greater proximity to UAE clients under one of the region’s most respected regulatory frameworks, and reinforce its long-term commitment to investors across the UAE and the wider Gulf.
Achraf Drid, Managing Director of XTB MENA, described the CMA authorisation as an important development for the business.
“It enables us to operate with greater proximity to our clients while adhering to one of the most respected regulatory environments globally,” he stated. “The UAE has created a highly attractive ecosystem for financial services firms, combining regulatory clarity with long-term economic vision. This is a market where we see sustained opportunity, and where we intend to build for the future.“
The licences follow a year of strong growth for XTB, during which the firm surpassed two million clients.
