Australian-based forex and contracts for differences (CFDs) broker AUS Global has taken a significant step in its Middle East expansion, securing a Category 5 license from the Securities and Commodities Authority (SCA) of the United Arab Emirates (UAE). This new license highlights the firm’s focus on establishing a strong presence in the region.
In an announcement translated from Arabic, AUS Global stated, “This milestone strengthens our commitment to providing secure and innovative trading solutions worldwide.”
Operating Under Multiple Licenses
With the addition of the UAE license, AUS Global now operates under regulatory approvals from authorities in Australia, Cyprus, South Africa, Mauritius, and St. Vincent & the Grenadines. Originally founded in Melbourne in 2003, the broker provides retail trading services across various asset classes through CFDs.
In 2023, AUS Global expanded its brand recognition by partnering with Spanish football club Real Betis, sponsoring the team’s jersey shorts until the end of the 2024–2025 season. AUS Global follows in the footsteps of other retail CFDs brokers who have previously partnered with the La Liga team.
Strengthening the UAE Team
Alongside its licensing expansion, AUS Global has also reinforced its UAE team by appointing Tawfiq Mashaqi as Sales Director. Mashaqi, who joined the Dubai office earlier this month, brings nearly a decade of experience in CFDs sales, particularly with Middle East-focused brokers. His role involves shaping AUS Global’s sales strategies and further developing the firm’s regional outreach.
Mashaqi’s career includes multiple roles in the industry, most recently as Business Development Manager at MultiBank Group’s Dubai office. Previously, he served as Sales Director at Traders Hub Currency Brokerage in Abu Dhabi and held a sales position with Q8 Trade, enhancing his experience in the regional trading market.
Other brokers in the CFD industry have also been expanding in the UAE. Both BDSwiss and Capital.com recently obtained new UAE licenses, although BDSwiss has faced regulatory challenges, including the suspension of its Cyprus license, which supported its B2B operations. Meanwhile, Capital.com is on a growth trajectory in the Middle East.
AUS Global’s recent license and team expansion underline the company’s commitment to broadening its influence in the competitive Middle Eastern trading market.
