FNG has learned that Australia Retail FX and CFDS Broker Eightcap has recently received a five -“import” license from the Authority of Heads and Commerce (SCA). Eight CAP participates in a long series of global (and local) online brokers to search for a UAE license to serve recent Mena Region customers. Other category licenses five in 2025 included EC purchases, CPT, VPFX and Startrader markets.
Class Five Class Public License, officially issued on January 15, 2025, was granted to eight CAP Financial Services Mena LLC, allowing “financial consultations” and “introduction”. (A full category 1 license would also allow for brokerage and commercial services and immediate possession of customer capital.)
Eight CAPs are based in Melbourne, Australia and has licensed subsidiaries in its home country, as well as in Cyprus (Eightcap EU Ltd) in the United Kingdom (Ltd Group Group) and the UAE, except for offshore businesses in the Bahamas. The company is controlled by its president (and former CEO) Joel Murphy and Eightcap Chief Analyst Joe Jeffriess.