XS.com Gains UAE License, Expands Global Regulatory Presence

XS.com has obtained a Category 5 license from the United Arab Emirates’ Securities and Commodities Authority (SCA), marking its eighth regulatory approval and reinforcing its presence in the Middle East.

The new authorization enables XS.com to operate under the UAE’s robust regulatory framework, joining the ranks of global financial companies expanding into one of the world’s fastest-growing trading hubs.

“The United Arab Emirates is a prestigious and dynamic global financial hub, and being licensed here represents not only a regulatory milestone but also a clear signal of our commitment to excellence, transparency, and client protection,” said Shadi Salloum, XS.com’s Regional Director for the Middle East and North Africa.

Founded in Australia, XS.com has steadily built a multi-jurisdictional regulatory portfolio. The broker now holds licenses from the Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), and regulators in Seychelles, Malaysia, South Africa, Kuwait, and Mauritius.

XS.com Gains UAE License, Expands Global Regulatory Presence

The SCA license aligns with the company’s recent efforts to expand its global reach. Furthermore, in July 2025, XS.com launched a new Kuwait-based entity, XS Online, through a partnership with NVEST, marking its first formal expansion in the Gulf region.

XS.com’s move reflects a broader industry trend: the Middle East and North Africa (MENA) region is rapidly becoming a strategic hub for CFD and cryptocurrency trading.

Recent data highlights the surge in trading activity across the region:

• Capital.com reported that over half of its total trading volume in the first half of 2025—about $800 billion—originated from MENA markets, outpacing Europe’s $224 billion.
• Tickmill also saw record regional volumes last year, climbing 54% to $135 billion.
• Exness, another major broker, recently secured a new license in Jordan, adding to the wave of regulatory expansion across the Gulf.

Additionally, the UAE continues to attract a growing number of financial and fintech players, leveraging its strong regulatory ecosystem and investor-friendly environment. Recent entrants include crypto exchange Bybit and retail trading providers Deriv and Neex, each strengthening the country’s position as a regional powerhouse for digital finance.

With its latest approval, XS.com positions itself to capture a greater share of this fast-evolving market while bolstering investor confidence through enhanced oversight and compliance.

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