- VPFX obtains Category Five license from UAE’s Securities and Commodities Authority, enabling introduction and promotion activities in the region.
VPFX has secured a Category Five license from the UAE Securities and Commodities Authority (SCA) for its subsidiary, VPFX Financial Services LLC.
This license enables VPFX to engage in introduction and promotion activities within the UAE. However, the company will need to obtain a Category One license to offer trading services for OTC derivatives and spot market currencies.
Ahead of receiving the license, VPFX developed its compliance team with the appointment of Evangeline Mauthe as Head of Compliance and MLRO.
