Retail FX and CFDs broker CPT Markets has announced that the company’s UAE subsidiary CPT MENA Financial Services LLC has been granted an Arrangement and Advice (Category Five) license by the UAE’s Securities and Commodities Authority (SCA).

The Category Five license will allow CPT Markets to engage in Introduction and Promotion activities in the UAE. (A full Category One license would also allow for “Trading broker of OTC derivatives and currencies in the spot market”.)

CPT Markets – formerly known as Citypoint Trading – is controlled by UAE-based Chinese entrepreneur Zhijian Wang. The group operates an FCA licensed operation CPT Markets UK Limited (at website cptmarkets.co.uk) run by longtime Managing Director Nick Lewis, a licensed South Africa operation, and a Belize domiciled offshore entity CPT Markets Limited (at website cptmarkets.com). CPT is managed mainly from London and from Dubai.