GTC Announces UAE Category 1 License for Derivatives and Currency Brokerage

GTC Financial Consultancy L.L.C. announced that the UAE Capital Market Authority granted its Dubai entity a Category 1 license, covering derivatives and currency brokerage through 2027.

GTC announced the license Nov. 11. The company’s disclosures list an issuance date of Nov. 9, 2026, license number 20200000512 and covered activities valid through Dec. 31, 2027.

The license is held by GTC Financial Consultancy L.L.C., a Dubai-registered entity. GTC’s disclosures say each license applies only to the named legal entity and does not extend to other companies using the GTC brand.

The listed activities include brokerage in over-the-counter (OTC) derivatives, spot-market currencies and international markets. The announcement does not list permission to trade spot cryptocurrencies.

Charbel Raffoul, chief executive of GTC Financial Consultancy L.L.C., said the license puts clients with a firm supervised locally. “Our clients here can now trade with a firm supervised at home, by the UAE’s own regulator, and served by a team based right here,” Raffoul said.