Direct market access (DMA) forex brokers in the United Arab Emirates (UAE) are generally regulated by either the Dubai Multi Commodities Center (DMCC), or the Dubai Financial Services Authority (DFSA). However, don’t be surprised to see brokers that are regulated by other agencies, as this depends on a range of specific circumstances in the UAE.
When trading with a true DMA broker, traders get access directly to the interbank market where they can trade against other market participants. Typically, only large financial institutions are active in this market, hence the name “interbank”. As a result, this market has the most liquidity and the tightest spreads on currency pairs that can be found anywhere.