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01 january 2014
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Margin Trading Licensing

Details

DFM provides this service to allow brokerage companies to provide an online margin trading service for their clients. For the company to obatin the Margin Trading License, the brokerage company must officially apply to the service. 

For the brokerage company to renew their membership, the Member Affairs department will email them at the beginning of every year. The renewal is AED 10,000.

For more information on this service, please contact:

DFM Customer Services
T: +971 4 305 5555
E: customerservice@dfm.ae

Fees
  • First meeting is free.
  • AED 10,000 initial fees to be paid once

Procedures
  1. The company must send an official letter to the Members Affairs department requesting the Margin Trading License 
  2. Members Affairs will arrange a meeting with the brokerage company to review and audit the OMS system readiness
  3. The Members Affairs department will provide SCA and the brokerage company with the OMS System readiness letter
  4. The Members Affairs department will receive the approvals from SCA to move forward with the Margin Trading License issuance
  5. The Members Affairs department will issue an official letter to approve the Margin Trading License prior to SCA's approval 

Note:

  • The brokerage company shall provide Market Operations with weekly and monthly reports based on the SCA Margin Trading Rules and Regulations.
  • The brokerage company shall inform DFM and SCA of any changes in the OMS Trading system.
  • The Finance section will issue an invoice against the company request for registration or renewal of the service.


Required Documents

The brokerage company should fulfill the Margin Trading Requirements based upon the DFM laws. The Requirements are as listed below:

  • Submit Margin Trading Service Form
  • Submit the DFM Margin Trading “Acknowledgement & Undertaking” Letter.
  • Provide DFM with an Opening Account form for Margin Trading with the disclosure of the liquidation process if the client is short of the maintenance margin

How to Apply?
Online through DFM eServices, email mc@dfm.ae, or in person at the DFM Market Control, Trading Floor, World Trade Centre, Dubai