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01 january 2014
Home > Products > Services Catalogue > Services Details

Annual Renewal of License for Margin Trading

Details
The annual renewal ensures the company's continuous use of the margin trading service.


For more information on this service, please contact:

DFM Members Affairs
T: +971 4 305 5631
E: mc@dfm.ae


Fees
AED 10,000 annually

Procedures
The margin trading service is to be renewed with the annual license of the brokerage company:
  • DFM Market Control sends an email (before month end) with detailed information related to the brokerage company 
  • The brokerage company reviews, approves and signs the information, and sends back to DFM Market Control with supporting documents (please see below required documents)
  • DFM Market Control receives and reviews the documents 
  • DFM Market Control approves and renews request

Required Documents
  1. New Authority’s License
  2. Updated Trade License(s)
  3. Commercial and industry chamber's membership
  4. Board members' information
  5. Authorized signatories
  6. MOA (please attach an updated version of the MOA)
  7. A list of the employees' names

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