SogoTrade Fined $75K Amid Compliance Failures
FINRA fines SogoTrade $75,000 for market access control failures as TopFX advances synthetic indices trading and 24/7 multi-asset solutions.
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Abstract:Neex Securities LLC receives SCA Category 5 license in the UAE, enabling CFD trading operations across forex, commodities, and indices in Middle East markets.

Neex Securities LLC has obtained regulatory approval from the UAE's Securities and Commodities Authority (SCA), marking a significant milestone in the CFD broker UAE license landscape. The Category 5 authorization enables the brokerage to enhance its Middle East operations while providing clients regulated access to multiple trading markets.
The UAE Securities and Commodities Authority granted Neex Securities LLC the specialized Category 5 designation, which permits promotional activities and client introduction services. This regulatory framework allows the regulated broker UAE to facilitate client access to contracts for difference UAE across forex, indices, commodities, and equity markets.
The SCA license Category 5 represents a strategic regulatory pathway for international brokerages seeking financial services regulation and Dubai compliance. This classification enables firms to operate as intermediaries while maintaining the oversight standards required for Middle East forex broker operations.

Following the Dubai CFD trading license approval, Neex strengthens its regional infrastructure through its existing Dubai representative office established in 2024. The facility functions as an informational hub supporting the company's trading platform authorization requirements while core operations remain managed through international headquarters.
This expansion strategy aligns with growing demand for investment services UAE as regional markets attract institutional and retail participation. The brokerage license approval positions Neex alongside established operators targeting financial market access in the Emirates.
Neex joins an expanding roster of international brokerages pursuing regulatory compliance trading in the UAE market. Recent developments include Traze securing a First Category License and Eightcap obtaining similar regulatory approval through locally registered entities.
The competitive landscape reflects broader industry recognition of Middle East market potential, with multiple firms establishing regulatory frameworks for forex trading licenses in Middle East operations. These developments indicate sustained growth in regional CFD trading infrastructure and regulatory sophistication.

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