This refers to a type of financial service where individuals or institutions act as intermediaries between buyers and sellers in the trading of various financial instruments. These brokers facilitate transactions involving commodities (such as oil, gold, or agricultural products), securities (such as stocks and bonds issued by companies), currencies (foreign exchange markets), shares (ownership stakes in companies), and bonds (debt securities). They provide expertise, market knowledge, and execution services to clients, helping them buy or sell these financial assets in exchange for a commission or fee.
The business activities that fall under Commodities, Securities, Currency, Shares and Bonds Brokers are:
Securities & Commodities Market (6611.99)
This refers to a marketplace where financial instruments like stocks, bonds, derivatives, and tangible goods such as agricultural products and metals are bought and sold. It enables investors and traders to participate in the trading of securities and commodities, facilitating price discovery, capital formation, risk management, and investment opportunities. This market plays a crucial role in the economy by providing liquidity and fostering economic growth.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6611.99 must meet this requirement.
Foreign Shares & Bonds Broker (6612.89)
This is a financial service provider that specialises in facilitating the trading of shares and bonds from international markets. These brokers assist individuals and institutions in buying and selling foreign securities, such as stocks and bonds issued by companies or governments outside their home country. They provide expertise, market access, and execution services to clients, enabling them to diversify their investment portfolios and access global investment opportunities.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.89 must meet this requirement.
Local Shares & Bonds Brokers (6612.90)
These are financial intermediaries that specialise in facilitating the trading of shares and bonds within a specific local market. These brokers cater to individuals and institutions who are interested in buying and selling securities issued by companies or governments within their own country. They provide market expertise, trade execution services, and access to local market information, enabling clients to participate in the local capital markets and invest in domestic companies or government debt.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.90 must meet this requirement.
Bank Brokers (6612.91)
These are financial professionals employed by banks who assist customers in various investment activities. These brokers offer advisory services, execute trades, and provide investment recommendations to clients. They specialise in a wide range of financial products, including stocks, bonds, mutual funds, and insurance policies. Bank brokers leverage their knowledge of financial markets and products to help customers achieve their investment goals and manage their portfolios within the banking institution.
- Third-party Approval (PRE):Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.91 must meet this requirement.
Brokerage in Commodities Listed in Foreign Markets (6612.92)
This refers to a business activity where brokers facilitate the trading of commodities that are listed and traded on foreign markets. These brokers assist individuals and institutions in buying and selling commodities such as oil, gold, agricultural products, and metals in international markets. They provide market access, execution services, and expertise in navigating the intricacies of trading commodities on foreign exchanges, enabling clients to diversify their commodity investments across different global markets.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.92 is exempt from this requirement.
Brokerage in Commodities Listed in Local Markets (6612.96)
This refers to a business activity where brokers facilitate the trading of commodities that are listed and traded on local domestic markets. These brokers assist individuals and institutions in buying and selling commodities such as agricultural products, energy resources, metals, and other tangible goods within their own country’s market. They provide market access, execution services, and expertise in trading commodities on local exchanges, enabling clients to participate in the local commodity market and manage their commodity investments.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.96 is exempt from this requirement.
Currencies & Monetary Broker (6612.97)
This business activity involves facilitating the buying and selling of currencies and monetary instruments, ensuring seamless transactions in financial markets. These brokers assist individuals, businesses, and financial institutions in foreign exchange trading, currency swaps, and related monetary transactions. They provide market insights, execution services, and expertise in forex trading, enabling clients to access currency markets efficiently and manage their financial assets with strategic decision-making. Business activity 6612.97 is classified as high risk due to the nature of foreign exchange transactions.
- Third-party Approval (POST): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA) after registration.
- Anti-Money Laundering Compliance: Subject to stringent financial regulations to ensure compliance with AML laws and prevent illicit financial activities.
Brokerage in Securities Listed in Foreign Markets (6612.98)
This is a financial service provider specialising in facilitating the trading of currencies and other monetary instruments. These brokers assist individuals and institutions in buying and selling different currencies, such as foreign exchange, as well as other monetary instruments like money market instruments and derivatives. They provide market access, currency conversion services, and expertise in navigating currency markets, enabling clients to manage foreign exchange exposure, engage in currency speculation, or conduct international transactions efficiently.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.98 is exempt from this requirement.
Brokerage in Local Securities (6612.99)
This refers to a business activity where brokers facilitate the trading of securities, such as stocks and bonds, that are listed and traded on international markets. These brokers assist individuals and institutions in buying and selling securities issued by companies or governments in foreign countries. They provide market access, trade execution services, and expertise in navigating the complexities of trading securities on foreign exchanges.
- Third-party Approval (PRE): Before obtaining a license from Meydan Free Zone, it’s necessary to obtain third-party approval from the Securities and Commodities Authority (SCA).
- Anti-Money Laundering Compliance: Business activity 6612.99 is exempt from this requirement.
In Conclusion
Setting up a Commodities, Securities, Currency, Shares and Bonds Brokerage business in Meydan Free Zone places you at the centre of global financial activity, with access to both local and international markets. With the Fawri license, you can establish your brokerage in under 60 minutes, allowing you to start facilitating trades and building client portfolios without delay.
Meydan Free Zone simplifies every step of your journey. You can plan ahead using our Cost Calculator tool, ensure your brand is ready with our Free Company Name Check Tool, and explore over 2500 Business Activities. For entrepreneurs operating globally, the option for Remote Business Setup makes it easier than ever to launch and manage your brokerage from anywhere.
Whether you’re facilitating securities trading, foreign exchange brokerage, or commodities investments, Meydan Free Zone provides the infrastructure, compliance support, and flexibility you need to operate confidently in a highly regulated industry. Contact Us today to launch your brokerage and position your business at the forefront of Dubai’s financial markets.
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