Firm quotes on size.
USDT to AED or USD, settled by bank wire.
You send the size you want to move. We return one all-in price, good for a defined window. No partial fills, no drift between the quote and the fill.
- VARA-licensed Broker-Dealer
- Settlement to your own whitelisted account
- Named dealer on every trade
Indicative mid from the venues we hedge on. Your firm price comes from the quote, not from this line.
- Dealing since
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- Settled to date
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- Average ticket
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- Largest single trade
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Figures cover settled client business and are updated quarterly.
The dirham is pegged. Your spread is visible.
AED has been fixed to the US dollar at 3.6725 since 1997. So USDT/AED is not an FX trade — it is USDT/USD multiplied by a constant. Everything in the rate that is not the peg is somebody’s spread, and you can calculate it from a single number.
| Channel | Typical spread | Cost on 1,000,000 |
|---|---|---|
| Bank-settled OTC desk | 10 – 50 bps | USD 1,000 – 5,000 |
| Cash exchangers, Dubai | 288 – 751 bps | USD 28,800 – 75,100 |
Cash-exchanger figures are a snapshot of publicly listed rates and move constantly. We show them because the arithmetic, not the adjective, is the argument.
What the difference costs you
- Your tier
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- Indicative spread
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- You would receive
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- Versus a 300 bps cash rate
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Indicative only. Your firm price comes from the quote request, not from this page.
How we price your quote
Our regulator requires us to publish this. We would rather it were a selling point than a footnote.
Reference price
We take a mid price from the venues where we actually hedge, not from a single screen. For AED we apply the central bank peg of 3.6725 to the USD leg.
Size and hedge cost
The spread widens with what it costs us to hedge your size in the prevailing book, and narrows as size grows relative to that cost. This is why large tickets price better, not as a courtesy.
One all-in number
The quote you accept is the amount that reaches your account. No separate commission, no deduction at settlement, no rate revision after acceptance.
Where our liquidity comes from
We are required to name any venue or counterparty that receives twenty percent or more of client order flow. The current list is published on our disclosures page and updated when it changes.
Settlement rails, with their real limits
Speed depends entirely on the rail, and the fastest rail has the lowest ceiling. Any desk that says only "instant" is not telling you which one they mean.
| Rail | Speed | Ceiling | Used for |
|---|---|---|---|
| UAEFTS bank wire (AED) | Same business day | No practical ceiling | The rail for large AED |
| SWIFT wire (USD) | 2 to 5 business days | No practical ceiling | Cross-border USD |
| Aani instant payments | Seconds, 24/7 | AED 50,000 per transfer | Small residual balances only |
| Push to card (USD) | Minutes | Network and issuer limits apply | Small tickets only — see note |
We offer card payout, but not for size. Card networks charge one to five percent and impose per-transaction and daily caps, so pushing a seven-figure settlement to a card costs you far more than a wire and raises questions we would then have to ask you. For anything at our minimum ticket or above, bank wire is the correct instrument.
Onboarding: what we need and how long it takes
Large clients do not object to verification. They object to an open-ended process with no stated end. Here is the list and the timeline.
Individuals
- Passport, and Emirates ID if resident
- Proof of address issued within 90 days
- Source of funds, with supporting documents
Companies
- Trade licence and Articles of Association
- Ultimate beneficial owner register
- Board or shareholder authority to trade
Approved within one business day in most cases
We verify identity and beneficial ownership before we execute, and we obtain originator and beneficiary information on transfers above AED 3,500. Both are legal requirements on us, not internal policy, and a desk that offers to skip them is telling you something about itself.
Who moves first, and where your money sits
Whitelisted account only
Fiat settles to an account in your own name that you registered during onboarding. We do not pay third parties, and we will decline a request to.
Segregated client account
Client money is held in a designated Client Account at a third-party bank outside our group. It is not ours, and it does not form part of our estate if we fail.
What that protection is not
Segregation is not deposit insurance. Neither client money nor virtual assets held with us benefit from any form of deposit protection scheme. We would rather you knew that from us.
Licence and disclosures
Do not take our word for any of this. Every item below is verifiable in the regulator’s own public register.
- Legal entity
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- VARA licence number
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- Licensed activities
- Broker-Dealer Services
- Validity period
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- Responsible Individuals
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- CMA registration
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- Incorporated
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- LEI
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- Registered office
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Who holds the money, and who checks the books
- Client money held at
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- Account type
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- Statutory auditor
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- Last audited period
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Open our entry in the VARA register Check the LEI in GLEIF Verify in the VARA public register
A private office in Dubai is a condition of our licence category, not a marketing choice. You are welcome to visit it.
Risk disclosure
- Virtual assets may lose their value in full or in part and are subject to extreme volatility.
- You can lose all of the money or other value you commit, and you do not benefit from any form of financial protection.
- Virtual assets may not always be transferable, and some transfers are irreversible. They may not be liquid.
- Some transactions are not private and may be recorded on public distributed ledgers. Virtual assets may be subject to fraud, manipulation and theft, including hacks.
This page is promotional. It describes an execution service and is not an invitation to buy or sell any virtual asset.
The people you will be dealing with
Your account is assigned to one dealer. They hold the quote, they run the settlement, and they answer in writing on the channel you choose.
Dealers are named on your trade confirmation. Responsible Individuals are listed in the regulator’s register under the licence below.
Reach the desk
We deal in writing. Every instruction, quote and confirmation stays on the record — yours and ours — which is what you want when the ticket is large.
- Office
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- Dealing hours
- Sunday to Thursday, 09:00–18:00 GST
Arabic-speaking dealers available