XM has obtained a Category 5 license from the UAE Securities and Commodities Authority (SCA), enabling it to offer regulated foreign exchange (FX) and contract for difference (CFD) services to onshore clients in the UAE. This strategic move aligns with the growing financial prominence of Dubai and Abu Dhabi as global finance hubs. Operating under SCA oversight, XM will provide localized onboarding and support in both Arabic and English, along with compliant marketing through its new domain, www.xm.ae. The license is expected to enhance competition in the Gulf's FX market while improving client protections and transparency.