FCA granted authorization to NCM Financial UK Ltd.

The Financial Conduct Authority (FCA) has officially granted authorization to Kuwait based online brokerage NCM Financial UK Ltd. This authorization allows NCM Financial UK Ltd to operate within the financial services sector under the regulatory oversight of the FCA.

The firm got authorization on 22 July 2024. NCM Financial UK Ltd can now offer a range of financial services to clients in the UK market, including investment management, advisory services, and other financial products.

NCM Financial, headquartered in Kuwait, operates trading operations primarily in the MENA area, having offices in Kuwait, Jordan, Turkey, and Malaysia. Earlier this year, the group obtained a SCA Category 1 license for its NCM Investment Company KSCC subsidiary in the UAE.

About FCA

The Financial Conduct Authority (FCA) is the largest financial regulator for all financial markets in the United Kingdom (UK). The FCA's role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers.

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