Dubai is one of the most populated cities in the UAE (United Arab Emirates). It is also among the richest and has become a global hub for business in the Middle East. Most revenue comes from real estate, tourism, aviation, and financial services. This is one of the main reasons it has become the home for the world’s most prosperous traders. Since the main religion followed over there is Islam, there are several religious rules and regulations that business people need to follow. Forex brokers have to adhere to the Sharia system of regulations that satisfies various beliefs in Islam.
In this article, we will talk about DFSA.
Dubai Financial Services Authority (DFSA) is an organization that deals with regulations for the forex companies present in Dubai. It oversees the activities related to finance in that zone and strives to provide services by international standards. The DFSA regulates all financial services in the DIFC zone, such as:
- Insurance
- Securities
- Trading in futures commodities
- Banking and Credit services
- Islamic Finances
- International equity exchange
- Custody and trust services
- Management of asset
- Companies for collective investment
- Exchange for global commodities and derivatives
All the trades related to Forex, stock, equities, and other financial instruments are regulated by an independent body called the DIFC (Dubai International Financial Centre). The center comprises 110 acres of the compound in the city, free from the Dubai government’s financial rules. It has its court system and laws, which are entirely different from the rest of the town. It has jurisdiction over commercial, civil, trust, corporate, security laws, and employment matters. A body called the DFSA(Dubai Financial Services Authority) is at the apex of this organization.
When looking for DFSA-regulated forex brokers, it is advisable to seek the services in the DIFC. The DFSA regulations ensure that you place your trust in a legitimate booking service, and there will be various ways to address your concerns if any need arises. When the DIFC was first introduced, only brokers dealing with professional clients could operate. $1 million liquid assets were a requirement, and brokers were also subjected to retail endorsement in retail clients. The increasing demand in Forex trading allowed the DFSA to revamp its regulations, making it easier for different brokers to operate.
The Dubai Financial Services Authority (DFSA) is the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC), in Dubai, UAE. Here are the key characteristics of the DFSA:
- Jurisdiction and Scope:
- Operates within the DIFC, a financial-free zone in Dubai.
- Its jurisdiction is limited to entities and activities within the DIFC.
- Objectives and Functions:
- It aims to foster an environment conducive to the growth of the financial services industry in the DIFC.
- Works to protect direct and indirect users of financial services within the DIFC.
- Focuses on mitigating systemic risk and ensuring the integrity of financial services.
- Regulatory Framework:
- Adopts international best practices and standards in its regulatory framework.
- Implements regulations aligned with the principles of the International Organization of Securities Commissions (IOSCO) and the Basel Committee.
- Supervision and Enforcement:
- Conducts supervision of regulated entities to ensure compliance with laws and regulations.
- Employs a risk-based approach to supervision.
- Has the authority to impose sanctions and penalties for non-compliance.
- Licensing and Authorization:
- Responsible for the licensing of financial institutions and professionals within the DIFC.
- Offers different types of licenses based on the nature of financial activities.
- Consumer Protection:
- Emphasizes the protection of consumers within the DIFC.
- Implements policies to ensure fair treatment of clients by financial institutions.
- Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF):
- Enforces AML/CTF regulations.
- Requires regulated entities to implement effective AML/CTF measures.
- International Cooperation:
- Engages in international cooperation with other financial regulators.
- Participates in global regulatory forums and initiatives.
- Innovation and Fintech:
- Encourages innovation in financial services.
- Supports the growth of fintech and digital finance through a regulatory sandbox and other initiatives.
- Transparency and Reporting:
- Requires regulated entities to maintain high standards of transparency.
- Enforces robust reporting and disclosure requirements.
These characteristics highlight DFSA’s role in ensuring a robust, transparent, and efficient financial services industry within the DIFC, aligned with international standards and practices.
The above information provides an insight into the financial regulations of Dubai forex traders following DFSA. Choosing a DFSA-certified one would help to safeguard one’s investment. Picking an unregulated broker will put you in a position of losing all your capital. Forex trading is a risky business. Hence, seeking a reputed DFSA forex broker’s services is advisable to ensure financial stability.
DFSA Regulated Forex Brokers are:
- HF Markets DFSA Regulated forex broker
HF Markets (DIFC) Ltd is authorized and regulated by the Dubai Financial Services Authority (DFSA) under license number F004885. - Fxpro DFSA regulated broker.
Fxpro is registered with license F003333.
Here is a list of all DFSA Regulated Trading companies:
| DFSA regulated brokers |
|---|
| Ad Diriyah Asset Management Limited |
| Adenium Energy Capital Advisors Limited (Suspended) |
| Aditum Investment Management Limited |
| Aditya Birla Sun Life Asset Management Company Limited |
| Adsum Capital Limited |
| Affirma Capital MENA Ltd |
| Africap Middle East Limited |
| AGC Equity Partners Middle East Limited |
| Ajeej Capital (DIFC) Limited |
| Al Masah Capital Management Limited (currently in voluntary liquidation) |
| Alcazar Capital Limited |
| Alcazar Energy Limited |
| Alkhair Capital (Dubai) Ltd |
| Alpen Asset Advisors Limited |
| Alpen Capital (ME) Limited |
| AlphaLeo Capital Advisors Limited |
| Amalabh Capital Limited |
| Amana Financial Services (Dubai) Limited |
| American Landmark Capital (DIFC) Limited |
| Amwal Capital Partners Limited |
| Aon Retirement Solutions Limited |
| APM Advisory Limited |
| Aramis Partners Limited |
| Arch Corporation (DIFC) Limited |
| Archr Brokers (DIFC) Limited |
| Ark Capital Management (Dubai) Limited |
| Arqaam Capital Limited |
| Arrow Capital (DIFC) Limited |
| Arzan Wealth (DIFC) Limited |
| ASAS Capital Ltd |
| Atlas Wealth Management (DIFC) Limited |
| Attijariwafa Bank (Middle East) Limited |
| Audacia Capital Limited |
| Awad Capital Ltd. |
| AXIS Strategic Partners Limited |
| Azimut (DIFC) Limited |
| B&F Partners Limited |
| Badwa Capital Limited |
| Bank J. Safra Sarasin Asset Management (Middle East) Ltd |
| BanyanTree Asset Management Limited |
| BCS Capital (DIFC) Limited |
| BearBull Global Investments Group Limited |
| Bemo Investment Firm LTD |
| Berauk Ltd |
| BIBD (Middle East) Limited |
| BlueGold Capital Asset Management Limited |
| BNP Paribas Wealth Management (DIFC) Limited |
| Branford Capital Limited |
| Brookfield Private Capital (DIFC) Limited |
| BTA Wealth Management Limited |
| Burgan Bank Financial Services Limited |
| Canaccord Genuity (Dubai) Ltd. |
| Capital Investments (DIFC) Ltd |
| Carlyle MENA Investment Advisors Limited |
| Cayman National (Dubai) Ltd |
| CBRE Global Investors Middle East Limited |
| CdR Capital Limited |
| Century Private Wealth Limited |
| Charles Monat Associates Limited |
| Cheyne Capital (MENA) Limited |
| CIMD (Dubai) Limited |
| CMC Markets Middle East Limited |
| Colchester Global Investors Middle East Limited |
| Columbia Threadneedle Investments (ME) Limited |
| Corpia Asset Management Ltd. |
| Credit Europe Bank (Dubai) Ltd |
| Credit Financier Invest (DIFC) Limited |
| Creek Capital Limited |
| Dalma Capital Management Limited |
| Dar Al Mal Limited |
| Deloitte Corporate Finance Advisory Limited |
| DGF Investment Bank Limited |
| DoubleLine Middle East Limited |
| Eagle Capital Limited |
| Eagle Investments Limited |
| ED&F Man Capital Markets MENA Limited |
| Edenhurst Capital Limited |
| EFG (Middle East) Limited |
| EFG-Hermes UAE Limited |
| Egypt Gulf Connect Limited |
| Ellington Capital Limited |
| elseco limited |
| Elyseum Capital Partners Limited |
| Embassy Capital Limited |
| Emirates NBD Asset Management Limited |
| Emirates NBD Capital Limited |
| Enam Asset Management (Middle East) Pvt. Ltd. |
| ENTO Capital Management Limited |
| Entrust Capital Limited |
| Ernst & Young Corporate Finance Limited |
| ES Bankers (Dubai) Limited (In Liquidation) |
| Evercore Advisory (Middle East) Limited |
| Faber Capital (DIFC) Limited |
| Fajr Capital Advisors Limited |
| FalCap Limited |
| Falcon Private Wealth Limited |
| Farringdon Capital Ltd |
| FEB Capital Limited |
| FFA Private Bank (Dubai) Limited |
| Fiducia Capital Limited |
| FinMark Capital Limited |
| Fius Capital Limited |
| Five Capital Advisors (DIFC) Limited |
| Fortress (Dubai) Transportation & Infrastructure Advisors Ltd. |
| Fox-Davies Capital (DIFC) Limited |
| Franklin Templeton Investments (ME) Limited |
| Frontier Investment Management Partners Ltd. |
| FTI Capital Advisors (DIFC) Limited |
| Fulcrum Capital (Dubai) Limited |
| Gateway Investment Management Services (DIFC) Ltd |
| GFH Capital Limited |
| Global Gate Capital Partners (DIFC) Limited |
| Global Investment Bank Limited (Suspended) |
| GMG (Dubai) Limited |
| GRIP (DIFC) Ltd. |
| Guggenheim KBBO Partners Limited |
| Gulf Capital Limited |
| Gulf International Finance Limited |
| GWP Management Limited |
| Habib Capital Limited |
| Halkin Investments Middle East Limited |
| Harbour Wealth Management Limited |
| Havenvest Private Equity Middle East Limited |
| HC Middle East Limited |
| Henyep Capital Markets (DIFC) Limited |
| HF Markets (DIFC) Limited |
| Himmah Capital Limited |
| Houlihan Lokey (MEA Financial Advisory) Limited |
| HSBC Bank Middle East Limited |
| Humania Capital (DIFC) Limited |
| IG Limited |
| IIFL Private Wealth Management (Dubai) Limited |
| Index & Cie Limited |
| Integra Asset Management Limited |
| Introspect Capital (DIFC) Limited |
| Invesense Asset Management Limited |
| Investbridge Capital Limited |
| iSCF Capital Limited |
| ITA (Middle East) Limited |
| Ithmar Capital Partners Limited |
| Jadwa Investment (DIFC) Limited |
| Jawa Investments (DIFC) Limited |
| JB Drax Honoré (DIFC) Limited |
| Julius Baer (Middle East) Limited |
| KAMCO Investment Company (DIFC) Limited |
| Key Capital Management Limited |
| KHK & Partners Limited |
| Kitara Capital Limited |
| KKR MENA Limited |
| Klay Capital Limited |
| Kroma Capital Partners Limited |
| La Tresorerie Limited |
| Lakemore Partners (DIFC) Limited |
| Latitude Capital Partners Limited |
| Lazard Gulf Limited |
| Leonteq (Middle East) Ltd |
| Levant Investment Management Limited |
| LGT (Middle East) Ltd. |
| LGT Capital Partners (Dubai) Limited |
| Lighthouse Canton Capital (DIFC) Pte Limited |
| Liquidity Finance (DIFC) Limited |
| Lombard Forte Securities Limited |
| Lootah Global Capital Limited |
| Lumina Capital Advisers Limited |
| Mabledon Capital Limited |
| Mariana UFP Capital Markets (DIFC) Limited |
| Market Securities (Dubai) Limited |
| Mashreq Capital (DIFC) Limited |
| Matador Investment Management Ltd |
| Mclevin & Neilson Wealth Management Limited |
| MENA Infrastructure Fund (GP) Limited |
| Mercer Financial Services Middle East Limited |
| MEVP Capital Limited |
| Millennium Capital (DIFC) Limited |
| Mirabaud (Middle East) Limited |
| Mizuho Gulf Capital Partners Ltd |
| MMK Capital Ltd |
| MSM Investment Advisors (DIFC) Limited |
| Mubasher Financial Services DIFC Limited |
| MYRA SHS Renewables Limited |
| NBE (DIFC) Limited |
| NBK Capital Partners Limited |
| NCB Capital (DIFC) Limited |
| Neo Capital (DIFC) Limited |
| Novus Capital Advisors Limited |
| Oaktree Capital Management (Dubai) Limited |
| Oxford Bridge Capital Limited |
| Partners Group Advisors (DIFC) Limited |
| Patronus Wealth Privé (DIFC) Limited |
| Pearl Advisory Asset Management Limited |
| Pepperstone Financial Services (DIFC) Limited |
| PhillipCapital (DIFC) Private Limited |
| Phoenix Fund Investments (DIFC) Limited |
| Picard Angst MEA Limited |
| Plurimi Wealth (Dubai) Limited |
| Plutus Associates Capital Limited |
| PriceEarnings Capital Limited |
| Private Client Services by Mercer (Dubai) Limited |
| Probus Middle East Limited |
| Prometheus Capital Finance Limited |
| Quilter International Middle East Limited |
| Quilvest Capital (Dubai) Limited |
| R.J. Fleming & Co. (DIFC) Limited |
| R.J. O'Brien (MENA) Capital Limited |
| Rasameel Investment House Limited |
| Rasmala Investment Bank Limited |
| Reef Capital Ltd |
| Rothschild & Co Middle East Limited |
| RSA Capital DIFC Limited |
| RUSD Capital Limited |
| S.P. Hinduja Advisory Limited |
| Safa Capital Limited |
| Safanad (Dubai) Limited |
| Samena Capital Investments Limited |
| Sancta Capital Advisors Limited |
| Saray Capital (DIFC) Limited |
| Sarwa Digital Wealth Limited |
| Sarwa Investment Management Limited |
| Sidra Capital Limited |
| Sigma Capital Partners MENA Limited |
| SinoGulf (DIFC) Limited |
| Soor Capital Management (DIFC) Limited |
| StashAway Management (DIFC) Limited |
| StratLink Advisory Group Limited |
| SUN GLOBAL INVESTMENTS (MIDDLE EAST) LIMITED |
| Swissquote MEA Ltd. |
| Synergy Management (DIFC) Limited |
| Tabarak Investment Capital Limited |
| Taurus Wealth Advisors Limited |
| Tejara Capital International Limited |
| Tell Limited |
| Tellimer International Limited |
| The Emirates Capital Limited |
| The Entrepreneur's Investment Office Ltd |
| Three Comma Capital Advisors Limited |
| Threestones Capital (MEA) Ltd |
| Tilad Investment Company Limited |
| TP ICAP (Dubai) Limited |
| Trading Point MENA Limited |
| Tradition Dubai Limited |
| Triago MEA Limited |
| Trussbridge Advisory (DIFC) Limited |
| TVM Capital Healthcare Partners Limited |
| Union Bancaire Privée (Middle East) Limited |
| Utmost Worldwide (DIFC) Limited |
| Vy Capital Management Company Limited |
| Wealth Plus Asset Management Limited |
| Wethaq (Capital Markets) Ltd |
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
