New CFD Brokerage ANAX Capital Launches in Dubai With Estimated $8 Million Backing

A new name entered Dubai’s trading floor: ANAX Capital has officially launched, entering the UAE’s online trading market with plans to expand across the MENA region.

ANAX Capital, operating as Anax Capital Financial Markets LLC, recently secured a Category One license from the UAE Securities and Commodities Authority.

Offering Forex and CFDs

With its base on the 47th floor of Dubai’s Aspin Commercial Tower, the firm now offers forex and CFD trading services and access to global markets, including futures and options.

At the helm is Chairperson Tabinda Sanpal, who brings a mix of capital markets exposure and business leadership. She is also reportedly the majority owner of SSB Bazar Trading LLC, a firm with a Foreign Portfolio Investor license for Indian equities and derivatives.

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“Our goal is to provide both retail and professional investors with a sophisticated, reliable, and seamless trading experience,” commented Sanpal during the launch.

The launch follows ANAX Capital’s recent achievement of securing a First Category license from the UAE Securities and Commodities Authority. This license enables the company to offer trading in international markets, OTC derivatives, CFDs, and spot forex.

The firm begins its operations backed by a capital base of AED 30 million (estimated $8 million) and an office location in Dubai’s Aspin Tower on Sheikh Zayed Road.

“With the UAE being such a strategic market for us, receiving the SCA license is not just a regulatory milestone; it is a mark of trust,” she shared. “We are ready to begin operations from our offices in Aspin Tower, Sheikh Zayed Road.”

Regulatory Green Light

The license allows the firm to serve retail and professional clients with access to global financial instruments, including U.S. equities, metals, indices, futures, and options.

ANAX Capital’s core team includes Chief Operating Officer Mitul Kapadia, who has more than 13 years of experience in global capital markets. He emphasized the firm’s commitment to governance and service quality.

ANAX Capital, based in Dubai, is a financial services firm providing brokerage, portfolio management, and advisory services. It offers secure access to global markets, including forex, CFDs, OTC instruments, equities, futures, and options.