Traze Expands in UAE with SCA Category One License Approval

Traze secures UAE SCA Category One License, expanding its trading services in MENA with experienced leadership.

Key Points:

• Traze Securities LLC receives UAE SCA First Category License, enabling it to act as a Trading Broker in international markets.
• Industry veterans Erkin Kamran and Osama Al Saifi join Traze to strengthen its presence in the MENA region

Retail FX and CFDs broker Traze has announced a significant regulatory milestone with its subsidiary, Traze Securities LLC, receiving a full Category One License from the UAE’s Securities and Commodities Authority (SCA). The approval solidifies Traze’s ability to operate as a Trading Broker in international markets, as well as a Trading Broker of OTC derivatives and currencies in the spot market.

Additionally, the acquisition of the SCA First Category License enhances Traze’s reputation as a trusted and compliant trading entity, aligning with the company’s commitment to transparency and innovation in the financial sector.

Traze has also strengthened its executive team in the UAE with the addition of two seasoned industry professionals.Traze has appointed Erkin Kamran, formerly of BofA Merrill Lynch, CRYT, and MarketFactory, as its CEO. Meanwhile, Osama Al Saifi, who previously held leadership roles at BDSwiss, Swissquote, and TopFX, now serves as the Managing Director for MENA.

Traze Expands in UAE with SCA Category One License Approval

Erkin Kamran, Traze CEO, expressed enthusiasm about the regulatory achievement:

“Receiving the SCA First Category License is a testament to our unwavering commitment to creating a trading ecosystem built on trust, transparency, and innovation. This regulatory milestone allows us to further our mission of making investing more accessible and empowering traders with the tools and education they need to succeed.”

Osama Al Saifi, Managing Director for MENA, emphasized the significance of the development for the region:

“This is an exciting milestone for Traze and for traders across the UAE and the wider MENA region. With the SCA First Category License, we are uniquely positioned to provide a secure and transparent trading environment that meets the highest regulatory standards. We are committed to supporting traders at every step of their journey, helping them craft their own bespoke portfolios with confidence.”

Traze is a global trading services provider with a strong operational base in Dubai. The company also holds regulatory approvals in multiple jurisdictions, including a Financial Sector Conduct Authority (FSCA) license in South Africa, an FCA license in the UK under the ZFX brand, and an offshore entity in Seychelles. Traze is part of the Zeal Group, and Chinese national Yun Chen controls it.

This latest regulatory achievement underscores Traze’s growing influence in the MENA region and its dedication to upholding the highest standards in financial services.

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