}Online trading is legal in the UAE with regulated and licensed brokers like AvaTrade. The Ava Group services the seven emirates of the United Arab Emirates, offering Islamic trading accounts and a safe trading environment. Currently, AvaTrade regulating countries legally accepts Emirati traders from:
- Abu Dhabi
- Dubai
- Sharjah
- Ajman
- Umm Al Quwain
- Ras Al Khaimah
- Furjairah
As a fully regulated broker in the United Arab Emirates, AvaTrade is recognized as one of the best trading brokers in the UAE. In fact, the company won the award for the “Most Trust Trading Platform in UAE 2024” by International Business Magazine. You can read more about an in-depth AvaTrade broker review to check-out the platform supported legal countries. Additionally, the award highlights a strong commitment to giving UAE traders transparency, compliance, and security.
AvaTrade UAE Licenses and Regulations
In the UAE, the Ava Trade Middle East Ltd entity is legally registered and regulated by the ADGM and FRSA authorities. In 2020, AvaTrade was issued a full Category 3A license, authorizing the company to service retail & professional trading clients. In fact, the Ava Group was the first forex and CFD broker to receive this license, adding to the trust and brand in the UAE and middle east. The official license is registered under AvaTrade Middle East Ltd (FSPN 190018). Particularly within the United Arab Emirates, the license demonstrates a proactive approach to regulatory changes and providing a safe trading platform for Emirati citizens.
>> AvaTrade is a broker for forex trading in Dubai UAE. Check-out the full broker list and learn more opportunities on the market.
ADGM Regulation In UAE
The ADGM authority oversees the financial environment services – avoiding associated risks and undesirable impacts affecting the platform. Granted from the financial center of Abu Dhabi, the license recognizes international standards for market participants and entities to operate in an equal level-playing environment. For instance, the approved license and regulations provides peace of mind and security for UAE investors to legally trade with AvaTrade Forex, CFDs and other instruments.
Furthermore, Abu Dhabi Global Markets (ADGM) has operated since October 2015. In fact, this authority is the financial center of Abu Dhabi’s economic growth and a fundamental to the UAE’s financial rules and regulations – which are comprised of three independent entities:
- The Registration Authority
- Financial Services Regulatory Authority
- ADGM Courts
Certainly, you can trade online on AvaTrade’s UAE accounts with ADGM’s license and regulation.
AvaTrade In UAE Regulated By FSRA
AvaTrade is publicly registered with the FSRA, or Financial Services Regulatory Authority. This regulatory body operates under the ADGM to uphold integrity, efficiency and transparency in the financial services market place. The FSRA provides the frameworks, regulations, and rules for UAE brokers like AvaTrade must adhere to. These regulations are reffered to under FSMR – Financial Services and Market Regulations which was built upon the stadards set by the UK’s FSMA, Financial Services and Markets Act 2000.
Noted in FSRA license, AvaTrade can legally arrange deals in investments and participate as a principal when dealing in investments. You can read the full conditions of the FSMR section here along with the approved AvaTrade executives associated with the regulation.
At this time, AvaTrade is not registered with the DFSA Dubai Financial Services Authority and the DIFC, Dubai International Financial Center. However, the broker does accept traders from Dubai as a UAE regulated entity.
AvaTrade UAE Office Locations
The AvaTrade legal office is located in the Abu Dhabi Global market Square. With the establishment, the office presents a major milestone of AvaTrade’s commitment towards the UAE region. The AvaTrade Abu Dhabi headquarters is a physical evidence of UAE and Abu Dhabi relationship – fostering long-term legal goals and regulations. Plus, ADGM also displays transparency to their business management on their official site of ADGM approved persons. Here, the management along with the establishment serves vast financial opportunities, assert the AvaTrade brand, and cater to Emiratis clients. Alternatively, you can also contact the office from the specific details below:
- Telephone: +971 (4) 453 4243
- AOG: +44 (0) 1273 833330
- Fax: +971 (4) 453 1910
With a regional office in the UAE, this location serves as a center for the AvaTrade in Middle East. Read more about AvaTrade countries and regional offices available globally.
AvaTrade Islamic Trading Account
Plus, AvaTrade is committed to provide a wide variety of trading solutions to Islamic traders in the UAE. The forex broker provides a Sharia-complaint account. The Islamic trading account offers markets access like a regular day trading account. You can check more details on AvaTrade account types for an over-view. In addition to Forex Trading, AvaTrade Islamic accounts can conduct halal trading of gold, silver and oil within the Emirates. However, this account is swap-free, and does not charge any special interest or fees for up to 5 days maximum. By not charging any AvaTrade swap/overnight fees, the account does not violate the Riba principles set forth in Sharia Law. Muslim traders can verify their account, fund the account and apply for an Islamic account to operate under the law. Typically, UAE–based traders must receive review and approval to active the the account.
An Official Partner Of UAE Pro League
To make it clear that AvaTrade does work in the UAE legally, the Ava Group formed a strategic partnership with the United Arab Emirates Pro League or UAE PL. Joining the high profile list of the league’s official partners, AvaTrade is committed to promoting online trading in the UAE through a safe, trusted, and regulated platform. Additionally, the UAE Pro League expressed that the investment by AvaTrade Middle East will further promote professional competitions and a dynamic between football and trading, creating opportunities for fans and traders in the region. The regulated broker offers a similar level of performance and competition found in the league. Compare AvaTrade vs. Exness review to check-out broker partnership to other companies. Certainly, the partnership underscores additional commitment to trust and customer awareness throughout the United Arab Emirates and the Middle East.
