Dubai based brokerage firm VPFX has obtained a Category 5 license from the UAE Securities and Commodities Authority (SCA), authorizing its subsidiary VPFX Financial Services LLC to conduct introduction and promotion activities in the UAE. Although this license allows the company to conduct related activities in the UAE, it still does not have broader trading authority compared to a type of license.

To meet this regulatory milestone, VPFX has hired experienced compliance officer Evangeline Mauthe as the Compliance Director and Anti Money Laundering Reporting Officer. She has held important positions as the Compliance Director and Anti Money Laundering Reporting Officer at Advanced Markets, Equiti Group, and Alpari. CEO Alpesh Patel emphasized that this initiative is aimed at strengthening our regulatory compliance while expanding into key markets.

VPFX used to operate under an offshore license in Labuan, Malaysia, primarily targeting traders in India and some parts of the Far East region. The company's official website vpfx.net showcases its focus on foreign exchange and contract for difference (CFD) trading.