After recently receiving a Kenya CMA license, Dubai based Retail FX and CFDs broker VCG Markets has announced that its VCG Securities Financial Consultation LLC unit has obtained a Category One license from the United Arab Emirates’ Capital Market Authority (CMA), marking a further development in the brokerage group’s regulatory presence in the UAE.

The license, numbered 20200000515 and dated 11 November 2026, covers the activity officially described as “Trading broker of OTC derivatives and currencies in the spot market.”

The development comes during a period of corporate change at VCG Markets, including the appointment of Brian Myers as Group CEO in June 2026. Separately, Mohammed Chouikh was appointed Head of Compliance and Money Laundering Reporting Officer (MLRO) of VCG Securities Financial Consultation LLC in October 2026.

Building on the Group’s Regulatory Presence

VCG Markets has been developing its UAE presence alongside its international brokerage operations.
In 2025, VCG Securities Financial Consultation LLC was publicly identified as holding a UAE Category Five license covering Introduction and Financial Consultation activities.

The Category One license represents a further regulatory milestone for VCG Markets, with its precise scope determined by the authorization granted to VCG Securities Financial Consultation LLC.

Brian Myers (pictured above), Group CEO of VCG Markets said,

“Securing the Category One license is a significant step in the development of VCG Markets. We’ve made a long-term commitment to the UAE, and this milestone reflects our intention to continue building a business supported by experienced leadership, strong governance and a clear regional strategy.”

Regional Strategy

The VCG group currently has a presence across more than 80 countries, with the UAE identified as an important focus of its long-term strategy.

The newly granted Category One license applies solely to VCG Securities Financial Consultation LLC and the activities specified in its approval. It does not extend to other group entities.

Any future offerings by the licensed entity will be communicated separately, subject to their applicable terms and regulatory requirements.

About VCG Markets

VCG Markets is an international multi-asset brokerage business with a presence across more than 80 countries. The company focuses on trading technology, market intelligence and client education, developing tools, data and services designed to support better-informed trading decisions. Group entities operate under distinct regulatory arrangements in their respective jurisdictions.