Mitrade,the Australian-regulated CFD broker, has obtained a license from the UAECapital Markets Authority (CMA), the firm announced today (Thursday), enteringthe country's mainland market as an energy crisis tied to the Strait of Hormuzcontinues to drive sharp moves across global asset classes.Singapore Summit: Meet the largest APAC brokers you know (and those you still don't!)The CMA license,listed under number 20200000397, is Mitrade's sixth regulatory approvalglobally, the company said. It allows the broker to offer CFD products coveringforex, commodities, indices, shares, and ETFs to UAE-based clients. Accordingto Mitrade, the platform currently connects more than six million traders toover 1,100 OTC derivative instruments.The timingof the announcement coincides with one of the most disruptive periods in recentoil market history. Shipping through the Strait of Hormuz, which under normalconditions carries roughly 20% of the world's crude oil supply, has fallen byapproximately 90% since late February, according to the International Energy Agency."CFDslet traders respond to volatility without owning the underlying asset, thatflexibility matters when markets are moving this fast," said Kevin Lai,Vice President of Mitrade Group. "Mitrade is built for speed, reliability,and the ability to trade from anywhere, which is exactly what turbulent marketsdemand."A Queue at the CMA's DoorMitrade'sUAE entry follows a well-worn path. The CMA license has become one of the mostsought-after regulatory approvals in the FX and CFD industry, with brokerslining up to secure a mainland UAE presence as the region's retail tradingmarket continues to expand, driven in part by a large and financially activeexpatriate population.PU Primeobtained a Category 5 CMAlicence in February 2026, joining a long list of international brokers that have made the samemove. Empire Markets (FXEM), focused on the MENA region, also announced a CMACategory 5 license in March 2026.[#highlighted-links#] A FinanceMagnates analysis published yesterday (Wednesday) noted that the CMA'slegal reach across the entire UAE mainland is its most compelling benefit forinternational firms, while the Category 5 route offers a lower-capital entrypoint for brands not yet ready for full operational commitments in the market.It is worthnoting, however, that a Category 5 CMA license - the category Mitrade appearsto hold - is defined as an "Arranging and Advisory" authorization,covering financial consultation and introduction services. A noticefrom the UAE Securities and Commodities Authority stated plainly that firmsholding only a Category 5 license are not authorized to conduct tradingoperations, manage portfolios, or execute client orders in financialderivatives, unregulated commodity contracts, or spot foreign exchange. Mitrade didnot immediately clarify through which regulated entity UAE clients wouldexecute trades.Sixth License, SixthMarket PushMitrade'sregulatory portfolio now spans six jurisdictions: Australia's ASIC, Cyprus'sCySEC, the Cayman Islands' CIMA, Mauritius's FSC, South Africa's FSCA, and nowthe UAE's CMA. The South African license, added through anacquisition completed in October 2025, was described at the time as part of abroader push into the Middle East, Africa, and Latin America. The UAE approvalextends that regional strategy northward into the Gulf.The brokerhas also been expanding its product roster and payment infrastructure. Inmid-2025, Mitrade addedApple Pay and Google Pay to its platform, a move targeted at younger retail traders inAustralia, where digital wallet payments have become a dominant payment method.The company said its instrument count grew from 500 to 800 CFD products during2025.This article was written by Damian Chmiel at www.financemagnates.com.