27-05-2025
ANAX Capital Enters UAE Financial Market With First Category License From SCA
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ANAX Capital Financial Markets LLC, a Dubai-based financial services firm, marked its official launch with an exclusive event at Palazzo Versace. The evening brought together VIP guests, international celebrities, industry professionals, and media representatives to celebrate the company's entry into the UAE's dynamic financial sector.
The launch follows ANAX Capital's recent milestone achievement of securing a First Category license from the Securities and Commodities Authority (SCA) of the UAE. This regulatory approval authorizes the firm to offer trading in international markets, OTC derivatives/CFDs, and spot forex, positioning ANAX Capital as a new player in the region's growing financial activities landscape. The company is backed by a capital base of AED30 million.
Speaking at the event, Tabinda Sanpal, founder and Director of ANAX Capital, emphasized the company's client-first philosophy and long-term vision: "Our goal is to provide both retail and professional investors with a sophisticated, reliable, and seamless trading experience. With the UAE being such a strategic market for us, receiving the SCA license is not just a regulatory milestone, it is a mark of trust. We are ready to begin operations from our offices in Aspin Tower, Sheikh Zayed Road."
Satish and Tabinda Sanpal. Image courtesy: Anax Capital
Joining her leadership team and celebrating this event, Mitul Kapadia, COO of ANAX Capital, who brings over 13 years of experience in the capital markets outlined the firm's core offering, secure access to international financial markets, including spot forex, CFDs, metals, indices, and direct trading in U.S. equities, futures, and options. "Our mission at ANAX Capital is to meet the highest international standards in systems, controls, and service delivery. With strong governance and a qualified team, we aim to build lasting trust with clients, regulators, and stakeholders," said Kapadia.
With a solid regulatory foundation and experienced leadership, ANAX Capital is set to play an active role in the UAE's financial landscape. The company's alignment with the UAE's Securities and Commodities Authority reflects its commitment to operating with transparency and upholding the highest international compliance standards. This milestone was achieved with the support of Dexterity Management DMCC, the firm's principal regulatory consultant, whose expertise ensured full adherence to SCA licensing requirements.
