CBUAE - CBUAE - Central Bank of U.A.E.

Who is CBUAE?

The Central Bank of the United Arab Emirates (CBUAE) is the primary financial regulator of the UAE. It plays a vital role in maintaining monetary stability, strengthening the efficiency and resilience of the financial system, and protecting consumers. Through effective supervision, the CBUAE aims to support sustainable economic growth for the benefit of the UAE and its citizens.

In the field of financial services and forex brokerage, companies operating in the UAE are required to comply with Sharia law principles. However, aside from investors who seek to open an Islamic trading account, UAE-based brokers generally do not hold significant advantages over their international counterparts.

How does CBUAE regulate forex brokers?

Reporting requirements for forex brokers:
• Audit reports;
• Anti-money laundering reports.

How to check whether a broker is licensed by CBUAE?

In general, the records of brokers regulated by CBUAE can be found at:
https://www.centralbank.ae/vi/financial-institutions/CBUAE%20Register%20and%20Licensed%20Banks%20and%20Other%20Financial%20Institutions%20Ownership.
Try to search and check whether the information matches the broker’s own website.

Detailed steps:
1. Find the name of the forex broker (from its official website).
2. Search for the broker’s name in the list at:
https://www.centralbank.ae/en/financial-institutions/CBUAE%20Register%20and%20Licensed%20Banks%20and%20Other%20Financial%20Institutions%20Ownership.

3. Then check whether the broker has been licensed as a Monetary Intermediary. If not, the broker is not authorized to provide forex trading services.

How to resolve disputes with a CBUAE-regulated broker?

When you have a dispute with a broker regulated by CBUAE, you can protect your rights and interests through the following methods:
• Method 1: The recommended way is to contact the broker directly and discuss to find a mutually beneficial solution.
• Method 2: If you are not satisfied with the broker’s solution, continue by contacting CBUAE, which helps resolve disputes between forex brokers and investors. You can submit an online complaint after registration: https://crm.centralbank.ae/en.
• Method 3: If the first two methods fail to resolve the dispute, the final option is to take the case to court in the United Arab Emirates.