If you’re running or launching a forex brokerage in the UAE, operating without an SCA license could limit your growth. In this article, we explore why getting licensed by the Securities and Commodities Authority (SCA) is critical for long-term success—and how to get started.
Why the SCA License Matters More Than Ever
- Local compliance is no longer optional—banks, payment processors, and ad platforms now require UAE brokers to be licensed.
- The SCA is the only regulator that lets you legally acquire UAE-based retail clients.
- Licensing enhances brand credibility, marketing performance, and investor trust.
Top Reasons to Get an SCA License
1. Marketing Freedom
- Run Google Ads, Meta, and YouTube without restriction
- Rank organically for regulated keywords
- Use credibility in ad copy & landing pages
2. Access to UAE Banks & PSPs
- SCA brokers can open local AED accounts
- Integrate with local payment providers and gateways
- Reduces friction for deposits and withdrawals
3. Boost Brand Credibility
- Display the SCA logo and license number on your site
- Separate your brokerage from shady offshore operators
- Increase conversion rates on paid and organic traffic
4. Protect Against Penalties
- Unlicensed brokerages are blocked from ads and banking
- Risk of regulatory fines or site blacklisting
- Clients may report or avoid unlicensed platforms
The UAE Is the Fastest-Growing Forex Market in MENA
- Explosive demand from young, high-income traders
- Strong government support for fintech and investment
- Low competition among SCA-regulated brokers (first-mover advantage)
How to Get Started with the SCA License
Follow the same process outlined in our full SCA licensing guide. Key steps include:
- Set up a UAE mainland entity
- Hire a compliance officer
- Submit required documentation
- Complete vetting and inspections
- Receive approval and launch officially
WBG helps brokers go from idea to SCA license with full support.
Who Should Apply for an SCA License?
- Forex brokers (MT4/MT5 or proprietary)
- Fintech investment apps
- Local UAE trading platforms
- IBs who want to go full-service
- Offshore brokers wanting legal access to the UAE market
FAQ: SCA Licensing for Brokers
Can an offshore broker apply for an SCA license?
Yes, but they’ll need to set up a local entity and meet capital + compliance requirements.
How much does it cost to get licensed?
Category 1 can range from AED 500K–1M+ including setup, office, and compliance. Category 5 starts lower.
What if I don’t get licensed?
You’ll struggle to scale—ads won’t run, banks won’t onboard you, and clients will lose trust.
WBG Can Help You Get SCA Licensed—Fas
We provide end-to-end solutions to help you:
- Choose the right license (Category 1 or 5)
- Structure your UAE company
- Prepare and submit all documents
- Navigate compliance with confidence
– Book a free discovery call
–Save time, avoid mistakes, and build trust from day one
