GTC Wins UAE CMA Category 1 Licence

GTC Financial Consultancy LLC has secured a Category 1 licence from the UAE Capital Market Authority (CMA), marking an important step in its growth plans for the region.

The licence allows the company to broker over-the-counter derivatives and spot foreign exchange transactions. It also gives GTC permission to operate as a trading broker in international markets. The approval provides a locally regulated framework that supports the firm's expansion across the UAE.

The move builds on GTC’s ongoing investment in the region. This includes the development of GTC Tower in Dubai, which is expected to become the company’s regional headquarters.

As it expands its presence, GTC will continue to provide access to a range of asset classes, including forex, commodities, indices, equities and energy products. The company says the move reflects its long-term commitment to the UAE as a key financial hub and strategic market.

CEO Charbel Raffoul said local regulation is important for building client confidence and strengthening accountability. He said clients can work with a company that is regulated within the UAE and supported by a local team.

The licence also highlights GTC’s focus on transparency, disciplined risk management and client service as it continues to grow its operations in the region.

What RHR thinks

We believe GTC’s successful acquisition of a Category 1 UAE CMA licence reinforces the growing importance of local regulatory oversight in building investor trust and supporting long-term expansion strategies across the region’s financial services sector.

What this means for hiring. GTC is expanding its UAE operations and developing a regional headquarters in Dubai, which may support hiring across trading, brokerage, risk management and client-facing roles. The company’s broader regulated presence and ongoing regional investment are likely to increase demand for teams supporting its growing range of trading services.