Yes, it is fine to trade CFDs in the UAE with CMC Markets as they have a local office in Dubai and are regulated by the DFSA.
CMC Markets UAE CFD Trading Review
Name: CMC Markets UAE CFD Trading
Description: CMC Markets started offering CFDs (Contracts for Difference) in the United Arab Emirates (UAE) in 2019. This allowed traders in the UAE to access a wide range of CFD products, including indices, commodities, forex, and more, through CMC Markets’ online trading platform.
Summary
A good CFD broker for traders who want a sophisticated and fast trading platform with unique sentiment trading tools.
CMC Markets Connect, established its physical presence in the UAE in 2019 and rebranded in January 2021. With the expanded office, CMC Markets aims to continue building its reputation in the Middle East and support its existing clients in the region. Richard Elston, the Group Head of Institutional at CMC Markets Connect, expressed confidence in the new office, highlighting the UAE’s growth as a global financial hub.
- DFSA Reference Number: F002740
- UAE Address: CMC Markets Middle East Limited. Unit 2903, Level 29, ICD Brookfield Place, DIFC, PO Box 507183, Dubai, UAE
Pros
- Excellent trading platform
- Good liquidity
- Unique sentiment tools
Cons
- Trading only, no investing account
- Limited smaller cap stocks
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Pricing
(4)
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Market Access
(4)
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Online Platform
(4)
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Customer Service
(4)
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Research & Analysis
(4)
Overall
4
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
