Broker Membership

Broker Members are entitled to trade on all the products listed by DGCX either on proprietary basis or on behalf of clients. Broker Members must meet minimum Net Current Tangible Asset (NCTA) requirements specified by Exchange, and comply with a comprehensive set of regulatory requirements specified in the DGCX By-Laws. Broker Members proposing to deal on behalf of clients, will be subject to statutory regulations. Broker Members will require a license from the Securities and Commodities Authority UAE (SCA). Following provisional admission to DGCX Broker Membership, the Exchange will submit the necessary papers to the SCA on the applicant’s behalf. Applicants for DGCX Broker Membership incorporated outside the UAE will be required to provide details of the regulatory arrangements to which they are subject to in their home jurisdiction. Broker Memberships are currently offered at an Admission Fee of US$ 150,000 per application.

Before an applicant is approved as a Broker Member, the Exchange will undertake the necessary due diligence; for example:

• The applicant’s financial resources
• The applicant’s expertise and experience as a broker in commodities, derivatives markets and/or in securities, or other similar markets
• The applicant’s likely contribution to the liquidity and development of DGCX markets.

Trade Membership

Trade Members are entitled to trade on a proprietary basis only on all products listed on DGCX. Trade Members must meet minimum net current tangible asset (NCTA) requirements specified by DGCX.Trade Memberships are currently offered at an Admission Fee of US$ 60,000 per application.

Before an applicant is approved as a Trade Member, the Exchange will undertake the necessary due diligence; for example:

• The applicant’s financial resources
• The applicant’s expertise and experience in commodities, derivatives markets and/or in securities, or other similar markets
• The applicant’s likely contribution to the liquidity and development of DGCX markets.

Rebatable Annual Membership

As an alternative to admission fees, an applicant can opt to pay an Annual Membership Lease Fee to become a Trade or Broker Member. The annual Membership Fee is rebated in part or in full; subject to the Member achieving certain Minimum Annual Volume Targets (MAVT).

Annual Fee for Broker Member -$75,000

Annual Fee for Trade Member - $30,000 

Please note that entities who participate in the rebatable annual membership scheme will be deemed as a ‘’Member’’ of the Exchange and will be bound by the Exchange By-Laws, with the exception of By-Law C.5, ‘’Transfer of Membership’’, as there is no entitlement to transfer membership for Members who pay an annual Membership Lease Fee. Members who pay Annual Membership Lease Fee in order to obtain a Broker Membership are required to inform their Clients, in clear terms, that such membership of the Exchange is renewable on an annual basis.

Introducing Broker Membership

An Introducing Broker Membership permits the Introducing Broker (IB) to introduce Clients to Broker Members for transacting business on DGCX. The IB is not permitted to handle Client’s funds / securities (in any form whatsoever) and will not be held responsible for the activities of Clients who they have introduced. A Broker Member who is entitled to trade for clients on DGCX is permitted to nominate IB’s to DGCX.