PU Prime Obtains Regulatory License in UAE
Global brokerage group PU Prime announced that its Dubai-based entity has been granted a license by the UAE's Capital Market Authority (CMA). The license permits the company to conduct regulated promotion and introduction activities within the country, expanding its global regulatory footprint.
- The license is a Category Five from the UAE's Capital Market Authority (CMA), permitting "Introduction and Promotion" activities. This allows PU Prime to establish a regulated presence and market its services, but not to hold client funds or execute trades locally within the UAE. - UAE-based clients will be onboarded through PU Prime's offshore regulated entities. This is a common strategy for global brokers entering the region, with others like XM, Pepperstone, and Eightcap also holding this license category due to lower capital requirements. - The entity is named PU Prime Financial Services LLC and is headed by Ali Afzaal, the Regional Head for MENA & South Asia, who joined the company from GTCFX. - This move is part of a larger trend of brokers seeking regulation in the UAE, which is positioning itself as a major financial hub. The regulator itself recently rebranded from the Securities and Commodities Authority (SCA) to the CMA, signaling a broader modernization of the country's financial framework. - Under its various licenses, PU Prime typically offers CFD trading on a range of assets including forex, indices, commodities, shares, ETFs, and bonds. - The company has stated its plans for the region include hosting educational seminars and webinars to promote financial awareness. - This new license adds to PU Prime's existing regulatory approvals from authorities in Australia (ASIC), South Africa (FSCA), Mauritius (FSC), and Seychelles (FSA). - PU Prime has been actively building its brand presence in the region, including participating as a sponsor at the Dubai Forex Expo 2025 where their Promotion Manager, Ahmed Yousre, was a keynote speaker.
