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Commodities Broker License Registration

  • Service Channels
  • Total Service Requests 16
  • Service Card Rating
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For inquiries call us at 800722823
Pariorty Service No
Working Hours 7:30 - 14:30

Service Description

SCA is responsible for licensing all firms offering brokerage services for trading in listed commodities and currencies future contracts which are listed on Dubai Gold and Commodities Exchange (DGCX).
  • Department Licensing Department
  • Service Audience Foreign banks or branches, foreign companies or branches, UAE company, DMCC free zone company. Central bank licensed commercial or investment bank, finance or investment company
  • Service Fees 2000 AED for Application, 15000 AED for license
  • Service Duration 30 working days

Service steps & procedures

  • The license period is one year ending by December, and the company has to renew the license prior to expiry. The license is valid only for offering brokerage service on DGCX.

Requirements & Documents

  •  Company formation documents (AOA, MOA)
  •  Document showing license for at least 5 years as commodity broker (for foreign company)
  •  Provisional membership letter from DGCX
  •  Company registration certificate and Chamber of Commerce membership certificate
  •  NCTA certificate and copy of business plan
  •  Letter from company undertaking to submit all required reports
  •  Letter from company about legal or judicial obligations or responsibilities
  •  Copy of last financial statement 
  • Shareholders and Directors Documents (Bio-data (DGCX format),passport and visa copies)
  •  Staff documents (passport copy, visa, CV, job description, police clearance letter, certified copies of degrees, experience letter, confirmation in prescribed format)
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