Retail FX and CFDs broker Neex has announced that Neex Securities LLC, its UAE-based subsidiary, has officially obtained a Securities & Commodities Authority (SCA) Category 5 license in the United Arab Emirates.
The company said that this milestone strengthens Neex’s footprint in the UAE and the wider Middle East, enabling the company to expand its marketing and promotional initiatives and introduce its services to clients across the Emirates.
Like many of the recently-granted licenses by the SCA to CFDs brokers, it is a limited “Category Five” license, which restricts Neex’s activity in the UAE to Introduction and Promotion activities. Other Category Five license recipients during 2025 have included Tradeview, Eightcap, EC Markets, CPT Markets, VPFX, and STARTRADER. (A full Category One license would also allow for providing brokerage and trading services, and direct holding of client funds.)
Richard Wynn, CEO of Neex said,
“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.”
About Neex
Neex is based in Hong Kong but is licensed in Australia and South Africa (and now the UAE), while also operating an offshore arm in Mauritius. The broker focuses mainly on traders in the Far East, but has recently opened a rep office in Dubai and has been looking to expand its footprint in the MENA region, recently hiring Hietham Abdulhalim as Head of Business Development – MENA Region. Neex also recently hired London based executive Richard Wynn as its new CEO.
