Online trading company Traze gains UAE's SCA First Category Licence
Traze, an innovative online trading company dedicated to bringing crystal clarity to investing, has secured the prestigious SCA First Category Licence from the UAE's Securities and Commodities Authority (SCA). This milestone marks a significant step in Traze's mission to redefine the trading experience, offering a transparent, accessible, and fair investing environment for traders in the Middle East and North Africa (Mena) and beyond.
The SCA First Category Licence grants Traze the ability to offer a wide range of financial services, solidifying its position as a trusted partner for both retail and institutional investors in the UAE and the broader region. In this context, Dubai stands out as a leading international financial hub in the Mena, offering a tax-free environment, world-class infrastructure, and a regulatory framework aligned with international standards. These advantages make Dubai the ideal location for financial services companies, providing them with the perfect environment for growth, innovation, and attracting investment.
'Receiving the SCA First Category Licence is a testament to our unwavering commitment to creating a trading ecosystem built on trust, transparency, and innovation,' said Erkin Kamran, CEO of Traze. '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.'
Consolidating as a trusted brand
With this regulatory approval, Traze goes one significant step further into consolidating as a trusted brand and will continue to expand its offerings in the region, ensuring that traders of all levels have access to world-class financial instruments and cutting-edge technology. The company's focus on demystifying trading through intuitive tools and comprehensive educational resources remains at the heart of its successful differentiation strategy.
'This is an exciting milestone for Traze and for traders across the UAE and the wider Mena,' said Osama Al Saifi, Managing Director for Mena at Traze. 'With the SCA First Category Licence, 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.'
The acquisition of the UAE's SCA First Category Licence underscores Traze's ongoing efforts to enhance regulatory compliance, and investor protection while fostering a dynamic and inclusive trading community in Mena.
First-tier sponsor of Money Expo
Furthermore, Traze, headquartered in Boulevard Plaza Tower 1, Downtown Dubai, will attend the Money Expo in Abu Dhabi for the first time as a first-tier sponsor to engage first-hand with the region's investors and business community, as well as to share the latest innovations on its trading platform on April 23-24. As Traze continues to expand, it remains dedicated to delivering clarity and confidence in the world of online trading.
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