Menacorp at a glance
UAE-based financial brokerage and investment firm founded in 2005, providing institutional and retail brokerage services, margin trading, and direct access to UAE capital markets including the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX).
Menacorp reports a founding year of Incorporated on 3 November 2005. and a head office in Abu Dhabi, UAE. It lists 1 regulator and 1 trading platform.
BrokerBazaar verdict
While historically a low-counterparty-risk domestic onshore equity broker, the partners of Mena Corp Financial Services LLC resolved to dissolve the company and place it under formal corporate liquidation. Ongoing operations are prepared on a liquidation basis rather than a going-concern basis, creating extreme operational and counterparty risk for prospective client onboarding Mena Corp Financial Services LLC is a legacy UAE domestic equities brokerage firm that held SCA licensing and direct exchange access on ADX and DFM, but has formally ceased commercial retail operations and entered corporate liquidation. It should not be considered for new client onboarding or retail capital deposits.
Legal entities, regulation and licences
Menacorp operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by moderate-tier regulators only.
Licence check: Not independently checked. This broker has submitted its details. BrokerBazaar has not yet independently checked them. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Menacorp states that it accepts clients from UAE, GCC. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Stocks, ETFs. Platforms: Menacorp Online. Account types: Individual, Corporate.
Best-for tags assigned by our team: UAE Stocks, ADX, DFM.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is Data Not Verified. Spreads start from Not Applicable and commission is Commission-based. Maximum leverage is Data Not Verified, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: available (conditional). Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Transfer. Withdrawal methods: Bank Transfer.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified. These conditions were compiled from public information and have not yet been confirmed by the broker.
None of the recorded entities holds an active licence to keep client accounts, so no regulator's client-money rules can be assumed.
Not covered: Mena Corp Financial Services LLC (Securities and Commodities Authority (SCA)). This licence covers a different activity (such as securities, wealth or payments), so its client-money rules do not apply to a forex or CFD account.
Complaints and dispute process
Formal complaints: Data Not Available. Phone: +971 2 493 9000. Client grievances regarding UAE exchange transactions are subject to the statutory dispute resolution procedures of the UAE Securities and Commodities Authority (SCA) and market investor protection desks (ADX/DFM). Formal complaints filed via the SCA portal are processed with an official review duration of up to 30 days. As the entity is under formal corporate liquidation, historical trading claims and unresolved creditor matters fall under statutory winding-up and judicial oversight.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: SCA regulated
- Strength: Direct ADX and DFM access
- Strength: Strong local research
- Strength: Institutional capabilities
- Limitation: UAE focused
- Limitation: No forex/CFD trading
- Limitation: Limited platform features
Who this broker suits, and who it does not
Menacorp is most relevant to traders looking for: UAE Stocks, ADX, DFM.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Menacorp change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Menacorp yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Menacorp
Data sources. Broker submission, the regulator registers linked above, web-archive and domain records, and third-party traffic data. No independent licence check date is recorded yet. External ratings: WikiFX 1.89/10; Indeed 3.5/5; Google Play Store N/A/5; Apple App Store N/A/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with Menacorp through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.