The question is asked every day, and most answers online come from sites that earn a commission when you register with a particular broker. This page does not promote any broker: it names the official authorities in both countries, hands you to a page per country with its registers and documents, and shows you how to check for yourself.
Not legal advice. We are a measurement tool — not a broker, not a financial adviser, not a legal authority. What follows is general information about regulators and their official links, and licensing rules change. For your own situation, ask the regulator directly or a qualified lawyer in your country.
Who regulates currency trading in Saudi Arabia, what the central bank's circulars say about non-resident forex companies, and how to search the register of authorised institutions and the unlicensed-companies list yourself — not legal advice.
Who regulates currency trading in the UAE — the federal CMA (successor of the SCA), the DFSA, the FSRA and the Central Bank — and how to search the public registers and warning pages available before depositing anything. Not legal advice.
What Kuwait's Capital Markets Authority and Central Bank publish: the list of websites not licensed for securities activities, the licensed-companies list, and where to report — so you can check before you deposit. Not legal advice.
What the Central Bank of Bahrain publishes on unlicensed financial services — including unauthorised forex trading platforms — its searchable licensing directory, and where to report. Not legal advice.
The Financial Services Authority (the new name of the Capital Market Authority), its unauthorised-companies list, the securities-companies register, and its warnings on unlicensed online platforms. Not legal advice.
| Country | Regulators | What they publish | Detail |
|---|---|---|---|
| 🇦🇪 UAE | The federal Capital Market Authority (uaecma.gov.ae); the DFSA inside the DIFC (dfsa.ae); the FSRA inside ADGM (adgm.com); and the Central Bank for banks and exchange houses. | A separate public register per authority, a federal warnings page, and DFSA alerts. | UAE page |
| 🇸🇦 Saudi Arabia | The Capital Market Authority (cma.gov.sa) for securities business, and the Saudi Central Bank (sama.gov.sa) for banking, money-changing and transfers. | The register of authorised capital market institutions, the list of unlicensed companies, and SAMA's circulars on transfers to forex companies. | Saudi Arabia page |
Jurisdiction follows the activity and the legal entity — not the brand name, and not the address alone. The detail, documents and links are on each country's page.
We are not on this list and should not be. BasketGo is analysis software that runs inside your own platform, measures the market and prints numbers. It holds no money, executes nothing on your behalf, and recommends no broker. Your broker is the regulated party — and the one worth checking. Measurement, not advice.
The UAE publishes registers of firms licensed for specific financial activities, under more than one authority. The federal regulator is at uaecma.gov.ae (the former Securities and Commodities Authority site redirects there); the DFSA regulates firms inside the Dubai International Financial Centre; the FSRA regulates those inside Abu Dhabi Global Market; and the Central Bank covers banks and exchange houses. A licence from one is not a licence from another, and this page is not enough to judge a specific case or product. General information, not legal advice.
Which authority applies depends on the activity. The Capital Market Authority at cma.gov.sa regulates securities business and publishes both a register of authorised institutions and a list of unlicensed companies. The Saudi Central Bank (SAMA) has its own remit over banking and money-changing and has issued circulars on transfers to non-resident forex companies. Search the register of the authority that covers the specific activity being offered to you. General information, not legal advice.
Do not rely on a licence badge printed on the broker's own website. Search the company's legal name and licence number in the regulator's own public register, and confirm that the licensed entity is the same entity you will open the account with and send money to — groups often hold several entities in different countries under different licences. Check that the licence covers the activity you want. A name missing from a register does not prove a licence either way: search again by legal name and activity, and ask the regulator if in doubt.
No. A licence says who may offer a particular activity and under what supervision. It has nothing to do with whether you make or lose money. Trading currencies with leverage risks your capital, at a licensed broker and an unlicensed one alike.
Neither. We publish measurements of currency movement. We hold no client money, place no trades, recommend no broker, and take no commission from any. That is why this page points at official registers rather than at a list of firms.