Licences and regulatory disclosures

MKX Virtual Assets Broker & Dealer Services L.L.C. is licensed by the Dubai Virtual Assets Regulatory Authority (VARA) for Broker-Dealer Services, reference VL/25/04/001, issued on 18 April 2025, and may serve institutional, qualified and retail investors.

Risk warning Virtual Assets may lose their value in full or in part, and are subject to extreme volatility. The owner and/or investor in the Virtual Asset can lose all the money or other value they invest, and does not benefit from any form of financial protection.

Licence record

Last verified 11 October 2026

Regulator: VARA, Dubai
Reference: VL/25/04/001
Licensed activity: Broker-Dealer Services
Licence issued: 18 April 2025
Status: Active

Source: MKX entry on the VARA public register.

MKX Virtual Assets Broker & Dealer Services L.L.C.

The company that owns and operates mkx.ae and holds the licence.

Legal entity and licence Last verified 11 October 2026 on the VARA public register
Legal name	MKX Virtual Assets Broker & Dealer Services L.L.C.
Company registration number	To be confirmed
Regulator	Dubai Virtual Assets Regulatory Authority (VARA)
Licence type	VASP Licence
Licensed activity	Broker-Dealer Services
Reference	VL/25/04/001
Licence issued	18 April 2025 (register: 2025/04/18)
Licence condition	"Permitted to serve Institutional Investors, Qualified Investors and Retail Investors."
Status	Active
Principal place of business	Office No 4001, Concorde Tower 1, Al Thanyah Fifth, Dubai, UAE
Website on the register	https://www.mkx.ae/
Register entry	MKX on the VARA public register
Responsible officer	Compliance Officer, name to be confirmed

The footer of the live MKX site writes the reference as VL/2025/04/001 and the name as "MKX Virtual Assets Broker and Dealer Services LLC". This page prints both as the register does.

What the licence covers

The register records one licensed activity for MKX: Broker-Dealer Services. The licence condition reads: "Permitted to serve Institutional Investors, Qualified Investors and Retail Investors." MKX may therefore deal with all three classes of client under reference VL/25/04/001.

MKX's terms describe what it does as a broker-dealer: a digital asset exchange service, through which clients buy and sell virtual assets, and OTC trading through an OTC desk. They also describe a hosted Digital Asset Wallet and a Client Money Account. How assets and dirhams are held is on the page about custody and client money.

What the licence does not cover

VARA identifies eight virtual asset activities, and MKX's entry lists one of them. The other seven, from Advisory Services and Custody Services to VA Issuance Category 1, are not on it, so the licence should not be read as covering them. For custody, the MKX terms name Fireblocks as the Wallet Custody Services Provider.

The licence is not a protection scheme. The MKX terms state: "Clients' Virtual Assets and Fiat Assets are not covered by any deposit protection mechanism from MKX." Nor is the register entry an endorsement of any virtual asset or of its price: it records an activity, a condition and a status.

Other register details

The same register entry lists a CMA Registration Number: CMA-VASP-0100000-0030.

VARA's eight activities

On MKX's entry

Broker-Dealer Services: Listed
Advisory Services: Not listed
Custody Services: Not listed
Exchange Services: Not listed
Lending and Borrowing Services: Not listed
Management and Investment Services: Not listed
Transfer and Settlement Services: Not listed
VA Issuance Category 1: Not listed

Sources: the licensed activities page on vara.ae and MKX's register entry, read on 11 October 2026.

How to verify MKX on the VARA register

Three steps. Do them before you send money to any firm that says it holds a Dubai licence.

1 Open the entry on vara.ae

Use the link in the table above, or search the VARA public register for "MKX". Check that the address bar shows www.vara.ae.
2 Compare four fields

The VASP name is MKX Virtual Assets Broker & Dealer Services L.L.C. The reference is VL/25/04/001. The website URL is https://www.mkx.ae/. The status is Active.
3 Read the licence type and the activity

The licence type should read VASP Licence and the activity Broker-Dealer Services. The register also lists firms that hold only an In-Principle Approval, and those firms may not serve clients until they hold a full VASP licence.

The same method works for any firm, and it is set out in full in VARA licences explained.

VARA risk disclaimer

Virtual Assets may lose their value in full or in part, and are subject to extreme volatility. The owner and/or investor in the Virtual Asset can lose all the money or other value they invest, and does not benefit from any form of financial protection.

The risks are set out by type in the full risk disclosure statement.

If a detail does not match

Do not send money. You can contact MKX in Dubai through its published channels, or raise the matter under the complaints procedure and deadlines.

Check the licence at the source

This page is a prototype summary. The VARA public register is the authority for every licence fact on it.

Open the MKX entry on the VARA public register