The UAE’s Capital Management Authority (CMA) has issued an urgent investor alert regarding an unidentified entity fraudulently impersonating the Dubai Gold and Commodities Exchange (DGCX). In an official advisory published on February 18, 2026, the regulatory body emphasized that neither the CMA nor the legitimate DGCX assumes any responsibility for transactions conducted with unauthorized parties.
The financial authority strongly advised all investors to rigorously verify the licensing status of any entity before committing to agreements or transferring funds. Investors were directed to consult the comprehensive list of licensed companies available on the CMA’s official website as a protective measure against potential financial fraud.
This warning marks the second such alert issued by the CMA within weeks. On February 2, 2026, the authority similarly cautioned investors against engagements with Star Light Marketing Management Services, an unlicensed marketing firm operating without authorization to conduct regulated financial activities within the UAE.
The consecutive advisories signal heightened regulatory vigilance against unauthorized financial operations in the region. The CMA’s proactive communications strategy reflects growing concerns about sophisticated financial scams targeting investors in commodity and exchange markets.