Get in touch today to see how we trade. Forex trading was something that i was afraid of. Consequently, SCAUAE regulated brokers are issued various guidelines that enable the authorities to protect its investors from financial practices and consumer abuse. The United Arab Emirates UAE has highly restrictive laws that prohibit traders and investors from following several trading strategies that are adopted by professional investors from across the globe. Other brokers offer round the clock support either online or through an overseas number. Get new jobs for this search by email. Jobs 1 to 10 of 58 Post your CV - Apply to jobs from any device!
They will have the ability to handle all types of trading situations and are only confined by risk limitations. * Work Experience in FX, CFDs markets * Must have managed meta trader 4 back office * 3 years experience in dealing department of FX and CFDs * Strong Communication and Interpersonal Skills * Well developed trading skills.
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All SCAUAE Forex brokers are required to have a UAE national as its majority shareholder, and all legal rights as well as other operational guidelines are entrusted with the majority shareholder. It is the duty of the Forex brokers in United Arab Emirates to have a team of professionals at the helm of its operations that are capable of running the brokerage according to the regulations put forward by the SCAUAE.
Brokers may offer Forex brokerage services and allied products to investors in the UAE after receiving the required licenses, as it is forbidden for any financial entities to deal with any financial product without the prior authorization from the concerned authorities. All financial companies must be owned by a UAE national or a corporate organization that has its natural stakeholders as UAE citizens or other persons that are a part of the Gulf Cooperation Council. All legal documents as well as agreements between partners and shareholders are drafted in Arabic and are subject to the laws of the UAE under its respective jurisdiction.
The bank guarantee is subject to increase according to the business volume of the broker and is determined by the SCAUAE according to the nature of operations of the firm. Financial companies under the SCAUAE are subject to routine audit reports, and these companies should have a detailed liquidation procedure in place to ensure that all investors are compensated according to the rules prescribed by the authorities.
No bankruptcies or insolvency procedures are allowed without the proper authorization of the relevant authorities. All members and employees of a firm must have adequate professional knowledge as well as skills to operate in the financial markets, and they should not have any criminal background or be banned by any institution in the UAE. SCAUAE requires its member firms to have a knowledgeable workforce that can provide high-quality services to its clients.
Forex trading involves several aspects that are against the Sharia law, which includes interest SWAP rates and bonuses that are considered to be against the core principles of Islamic beliefs. Therefore, Forex brokers have now created specific Sharia-compliant Forex trading accounts that are aimed at traders following Islamic ideals, and are widely adopted by t Muslim traders. Therefore, Muslim traders can rejoice in the fact that all SCAUAE regulated brokers offer Sharia-compliant accounts without reservation, and several overseas brokers that have set up their business in the region also follow Sharia laws for their trading products.
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Learn to Trade Forex
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