Although all forex & CFD brokers in the UAE should normally be regulated, the question of which regulatory agency is responsible for this regulation is more complicated. Whereas some forex brokers in the UAE are regulated by the Dubai Financial Services Authority (DFSA), others in the country instead hold a license directly from the Central Bank of the UAE (CBUAE).
To make matters even more complicated in the UAE, some forex brokers may also be licensed by the Dubai Multi Commodities Centre (DMCC) and regulated by the UAE’s Securities & Commodities Authority (SCA). Lastly, some brokers may be operating out of one of the many financial free zones in the country, where a different set of rules apply. Regardless of all this, many forex brokers today call the UAE home, with some offering high leverage of up to 1:500.