CFD broker Neex announced that it is "now officially part of the UAE" after receivingapproval from the Securities and Commodities Authority (SCA), allowing the company to expand its operations in the region.Expanding Middle East PresenceNeex Securities LLC has reportedly been licensed by the SCA underCategory 5. The license allows the broker to conduct promotion and introductionactivities and gives clients access to regulated markets in forex, indices,commodities, and stocks.Join IG, CMC, and Robinhood in London’s leading trading industry event!"Neex is now officially part of the UAE, proudly licensed by the SCA – Category 5," the broker said on LinkedIn."This milestone reinforces our commitment to transparency, reliability, and connecting clients to world-class trading solutions."The approval strengthens Neex’s presence in the MiddleEast, where the company already has a growing client base. The broker operatesinternationally, with services spanning Europe, Asia-Pacific, and the Pacificregions.Focus on Regulated AccessNeex offers contracts for difference (CFDs) acrossmultiple asset classes, including currencies, commodities, and indices. According to its website, the broker operatesdifferent entities authorized in various countries, including South Africa,Mauritius, Saint Lucia, and Australia.Last year, Neex opened a new representative office in Dubai to strengthen its presence in the Middle East. The firmmentioned that the Dubai office will function as an information hub only andwill not conduct regulated activities or sales, with all core operationscontinuing to be managed through its overseas headquarters.Neex is among many brokers eyeing expansion in the Middle East.Traze, a sister contracts for differences (CFDs) brand of ZFX, recently secured a First Category Licence from the SCA.The licence permits Traze to provide brokerage, portfoliomanagement, and advisory services to both retail and institutional investorsacross the UAE and the wider region.This article was written by Jared Kirui at www.financemagnates.com.