Capital Market Authority
CMA · Saudi Arabia · Established 2003
Capital Market Authority (CMA) is the financial regulator of Saudi Arabia, established 2003. It caps retail leverage at 1:500, requires negative balance protection and segregated client funds, and compensates clients up to SAR 100,000 if a firm fails.
Check a firm's licence yourself
What this licence gets you
The rules a firm has to follow to keep this licence. A dash means we hold no answer on file, which is not the same as a no.
- Maximum leverage, retail
- 1:500
- Maximum leverage, professional
- 1:500
- Compensation if the firm fails
- SAR 100,000
- Negative balance protection
- Required
- Client funds held separately
- Required
- Hedging
- Permitted
- FIFO order closing
- Not mandatory
- Supervision covers
- Securities, investment funds, authorized persons (brokers/advisors), Tadawul exchange, fintech, and capital market activities (forex/CFDs via authorized entities)
- Body type
- Independent government authority
About CMA
The Capital Market Authority (CMA) is Saudi Arabia's independent financial regulator, overseeing the development and stability of capital markets while protecting investors from unfair practices like fraud and manipulation. It enforces rules on securities, funds, and trading entities, promoting transparency and innovation in line with Vision 2030. CMA collaborates with SAMA for broader financial oversight, focusing on a fair, efficient market for domestic and qualified foreign investors.
No listed broker holds a CMA licence
None of the brokers in our database holds an active licence from this authority. That is a statement about our listings, not about the regulator.