FNG Exclusive… FNG has learned that Australia based Retail FX and CFDs broker GO Markets has expanded in the MENA region, and obtained a Broker License from the UAE Securities & Commodities Authority (SCA).

The license was awarded to the company’s UAE subsidiary, GO Markets MENA DMCC. GO Markets MENA DMCC was established last year in the economic ‘free zone’ of the Dubai Multi Commodities Centre (DMCC). At the time GO Markets MENA DMCC also obtained membership with the Dubai Gold and Commodities Exchange (DGCX).

GO Markets MENA CEO Sherif Sanad told FNG:

“I’m extremely proud and excited, the ESCA licence is a critical part of our MENA region expansion plans. We’ve worked hard on establishing ourselves as a reputable brand and provider in the region, and I’m very happy to see it all coming together.”

GO Markets MENA Director Khim Khor added:

“It has been our priority to facilitate the same level of confidence and security to our clients in the Middle East region. SCA License is a major milestone in our broader efforts to become a truly multi-jurisdictional provider.”

GO Markets MENA said that it will offer all available products under the DGCX, and it will expand its product range to include further products with regulatory approval.

As noted above, established in 2006 and based in Melbourne, Australia GO Markets is a provider of Forex and CFD trading services, offering Margin FX, Commodities, Indices and Share CFDs trading to individuals and wholesale clients globally. GO Markets Pty Ltd holds an AFSL (Australian Financial Services License) from the Australian Securities and Investments Commission (ASIC). GO Markets’ subsidiary GO Markets Ltd is licensed by Cyprus Securities and Exchange Commission (CySEC). GO Markets MENA DMCC is a subsidiary of GO Markets Pty Ltd.