Naqdi Securities and currencies brokers LLC, a financial services provider in the United Arab Emirates, announced Wednesday that it has achieved a significant milestone by securing the Securities and Commodities Authority (SCA) license.
Naqdi Secures UAE SCA License, Looks to Expand Offerings
“This achievement underscores Naqdi’s unwavering commitment to regulatory compliance, transparency, and offering innovative solutions tailored to the needs of the modern trader,” the company said in its press release.
The SCA license, one of the most stringent in the UAE, ensures that licensed entities adhere to the required standards of financial practice and governance.
By obtaining this license Naqdi has enhanced its credibility as a secure trading environment for its clients.
“We are thrilled to receive the SCA license, which reflects our dedication to providing a secure, transparent, and innovative trading platform for our clients in the UAE and beyond,” said Zia Ur Rehman, CEO of Naqdi Securities. “We believe that this license will further strengthen our relationship with our clients and partners, ensuring that Naqdi remains at the forefront of the industry.”
With the SCA license, Naqdi is now looking at expanding its product offerings in the UAE, looking at providing “an enhanced suite of trading products and services” that will help it execute on its vision to empower traders with cutting-edge tools and seamless access to global markets.
The SCA license comes at a time when the UAE’s financial sector is experiencing rapid growth.
