Exclusive: CFDs broker StarTrader adds UAE SCA Category Five license
FNG Exclusive… FNG has learned that Retail FX and CFDs broker StarTrader has received a Category Five license from UAE financial regulator Securities and Commodities Authority (SCA), for its subsidiary STARTRADER GLOBAL Financial Consultation & Financial Analysis.
The Category Five license will allow StarTrader to engage in Financial Consultations in the UAE, as well as Introduction and Promotion. (A full Category One license would also allow for “Trading broker of OTC derivatives and currencies in the spot market”.)
The company has established offices at 601 Office, Business Tower, Business Village, Port Saeed, Dubai. StarTrader’s UAE office is currently headed by HR and Business Operations Manager, Darina Syeryakova.
StarTrader (at website startrader.com) has until now operated as an offshore (Seychelles and Mauritius) domiciled broker, with the group also operating the ASIC licensed StarTrader Prime brand in Australia (website startraderprime.com.au). The StarTrader group is run by London based CEO Peter Karsten (pictured above).