FCA UK, SCA of the UAE
SCA of the UAE Forex explain
The Securities and Commodities Authority (SCA) na one special government body inside United Arab Emirates (UAE), wey dem charge with di work for check and regulate trade for securities and commodities. Dis Jurisdiction still cover forex brokers, wey dey work together with di UAE Central Bank, and dem be subject to SCA regulatory framework. But, make we no forget say di forex brokers wey SCA of di UAE dey regulate no fit do business or provide services for Dubai, where dem get separate regulatory authority wey be DFSA. Di UAE multi-regulatory landscape fit look complex, but e dey help well well to protect investors, as SCA regulated forex brokers dey gain trust as correct bodies. For us to make waka easy to find di best SCA of the UAE regulated forex brokers, we don gather list of brokers wey follow for down.
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SCA wey start since 2001 dey play important role to make sure say financial markets dem dey transparent and dem dey prevent bad bad bad things, plus dem dey protect investors and dey make sure say markets dey equal for everybody. All dis thing include di licensing of forex brokers and dem dey also regulate stock exchanges and investment firms. Di brokers go need to follow SCA rules and guidelines so dem no go lose license. We go need know say for retail forex traders, dem go use limit leverage of 1:50, wey mean say dem fit trade with money 50 times dey account, wey be responsible way to stop better traders from making mistake. As we don talk, forex brokers with SCA of di UAE governemnt mostly dey show say dem reliable, as dem dey follow dia rules and dem dey treat customers well, and dem dey sometimes limit leverage of di forex pairs to 1:50.
