Retail FX and CFDs broker Neex has announced that its UAE subsidiary, Neex Securities LLC, has been granted a Category Five license by the Securities and Commodities Authority (SCA), marking a significant milestone in its regional expansion strategy.
Strengthening Presence in the UAE
The newly acquired license allows Neex to conduct Introduction and Promotion activities in the Emirates, bolstering its ability to market and promote services in one of the most competitive financial hubs in the Middle East. While Category Five licenses do not permit brokerage services, trading execution, or client fund custody (reserved for full Category One licenses), they remain an important stepping stone for brokers seeking to establish trust and visibility in the UAE.
Neex joins several other international brokers that have secured similar permissions in 2025, including Tradeview, Eightcap, EC Markets, CPT Markets, VPFX, and STARTRADER, underscoring the growing role of the SCA in tightening oversight of the CFD sector.
CEO Statement
Richard Wynn, CEO of Neex, described the development as a pivotal achievement for the group:
“This is an exciting and strategic milestone for Neex. Securing the SCA license underscores our steadfast commitment to transparency, reliability, and fostering investor confidence within the UAE’s financial landscape. Our goal is to empower clients by connecting them with trusted and regulated counterparties, while supporting their trading journey with innovative tools and resources that uphold the highest standards of service and compliance.”
A Broader Growth Strategy
Headquartered in Hong Kong, Neex is regulated in Australia and South Africa, and also operates an offshore entity in Mauritius. The broker has traditionally focused on serving traders in the Far East, but has been expanding aggressively into the MENA region.
Recent moves include opening a representative office in Dubai and appointing Hietham Abdulhalim as Head of Business Development for the region. Earlier this year, Neex also named Richard Wynn—a London-based executive with extensive industry experience—as its new Group CEO.
Looking Ahead
By adding the UAE SCA license to its portfolio, Neex strengthens its credibility and aligns with local regulatory frameworks, while signaling its long-term commitment to the Middle East. As the SCA continues to tighten licensing requirements, firms like Neex are positioning themselves for deeper engagement in a region where investor protection and compliance are increasingly top priorities.