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UAE’s Financial Watchdog Issues Urgent Warnings Against Unlicensed Investment Firms

Thu, Oct 29, 2026(1h ago)UAE

The UAE’s Capital Markets Authority (CMA) has officially cautioned the public against engaging with several unauthorized entities, specifically naming Hoxton FX LTD and its associated website, hoxtonfx.com. Furthermore, the regulatory body has flagged Faraz Financial Services PTY Limited, Pay2Assist Dynamics Consultancy FZCO, and the platform market10.net for operating without the necessary permits. According to the CMA, none of these companies hold the required licenses to offer regulated financial services or manage investment activities within the region.

To protect personal capital, the authority is strongly urging investors to perform due diligence by verifying the licensing status of any firm before committing to contracts or transferring funds. The CMA maintains an easily accessible database on its official website, which includes a comprehensive "warnings" section detailing unauthorized entities and their specific violations. Investors are encouraged to consult this registry regularly to ensure they are dealing exclusively with legitimate, government-approved financial institutions.

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