Within Dubai exists a unique special economic zone known as the Dubai International Financial Center (DIFC). The Securities and Commodities Authority (SCA) is the governmental agency that oversees the local stock and commodity exchanges in Dubai. Learn more about Trust Score at our sister site, .Įxcluding the city of Dubai, the Central Bank of the UAE (CBUAE) is the primary national regulator for all financial services firms in the UAE, including banks and forex brokers. We collect comprehensive data on each broker, which results in a ranking from 1 to 99 of the broker’s overall trust (the higher a broker’s Trust Score, the better). Our Trust Score, a proprietary algorithm, ranks regulatory agencies and their respective countries into three groups, with Tier 1 indicating the most stringent (which is good) and Tier 3 the least. Not all regulatory licenses carry the same weight, however, and regulatory environments can vary widely from country to country.
Whether you are an active trader with deep forex experience, or a beginner who is just getting their start in the forex world, choosing a well-regulated forex broker is crucial if you want to steer clear of forex scams.
Here at BrokerNotes, we conducted extensive research and data collection on the top forex brokers, as well as local regulatory agencies, stock exchanges, and UAE monetary policy to create this guide to help you pick the best forex broker for trading in the UAE. Look beyond the staggering cityscapes and the mind-boggling artificial islands that flank its most famous city, and you’ll find that the UAE is a regional financial powerhouse. When most people think of the United Arab Emirates (UAE), they likely picture Dubai and its world-famous Burj Khalifa tower – currently the tallest building in the world by a long shot (half a mile tall!).
0 kommentar(er)
