ICM.com Says ICM MENA Gains SCA Licence for UAE Promotion Services
ICM.com announced on 25 March 2025 that it had been awarded a Securities and Commodities Authority (SCA) licence, with subsidiary ICM MENA now authorised to provide promotion and introductory services across the UAE. The broker cited the approval as part of its regional expansion and noted its earlier FSRA ADGM licence.
View original sourceLicence scope
The announcement, dated 25 March 2025, says ICM.com was awarded an SCA licence and that its subsidiary ICM MENA is now authorised to provide promotion and introductory services across the UAE. The notice frames the permission around promotion and introductions; it does not state that ICM MENA may provide brokerage or trading services under the SCA licence. No licence number or separate effective date is given.
Existing authorisation
ICM.com said it obtained an FSRA ADGM licence a few years before the SCA announcement. The notice does not specify the earlier licence’s exact date, scope or legal holder. It presents the SCA approval as part of its global expansion strategy.
CEO comment
Shoaib Abedi, CEO of ICM.com, said: “We are thrilled to receive the SCA license, a significant milestone in our global expansion strategy. Dubai’s financial ecosystem is one of the most attractive in the world, and this regulatory approval allows us to reach out to the vast clients within the UAE backed by full compliance with UAE regulations.“
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