In this case, you can be sure that the broker you are choosing is not the scam and even if there will be any kind of problem with the brokerage you know that your rights are protected by the regulatory bodies, which is not the case when you go with unregulated brokers. To find the best Forex broker in UAE you need to spend some time on finding and reading the unbiased broker reviews that offer the objective information and makes it easier for you to decide and last but not least have a look on what other traders have to say about the broker.

This way you can be sure that you have really chosen the best broker and have made a huge step forward to successful trading career. Be the first one to find out about available Forex trading bonuses that can be trusted.

XM Group. Maximum leverage Year founded Open Account Read Review. Minimum deposit No limit. Regulation FSA. Trading platform MT5. Regulation FCA. Trading platform Custom. Trading platform MT4, MT5. Read Review. IQ Option. Regulation CySEC. Trading platform WebTrader. Minimum deposit 1 USD. Maximum leverage 1:Unlimited. Regulation IFSC.

Trading platform MT4, custom. Year founded. Trading platform MT4. CM Trading. Regulation FSCA. Trading platform MT4, WebTrader.

Top 8 Dubai Forex Brokers

Subscribe to receive updates about FX bonuses. Get on the list. The SCA also gradually builds up or creates a culture of innovation within the capital environment. Forex has taken off in the UAE, which is not a surprise given that many wealthy people live in the country and they are looking for new ways to profit from their investments.

Of course, many international Forex broker companies seized the opportunity to open regional offices in the UAE with the goal to attract wealthy Arabs with the lucrative business idea. Still, traders have to take care to choose a licensed broker, most ideally registered with SCA. For example, it is known that in Dubai, many Forex brokers run their businesses without licenses. We all know that the majority would probably look first to register with a Dubai broker, but that is not always the best decision.

If you want to sign with a famous broker in UAE, many famous global brokers are present in the country too. Maybe it would be the best to choose a familiar broker with a UAE office. In that way, you will be safe to trade and have access to the Middle East market. The best international brokers have obtained the national license of the country and comply with their rules and regulations.

Brokers have at least in theory a duty to register with the national authority of the country they are doing business in. This is an important feature for traders, granting them legal protection under the law. If you have the courage to trade in an international setting in a foreign culture, then please, take measures of precaution.

The UAE, especially Dubai, acquired an international status, and they rely on international partnerships and collaboration in many economic aspects. When it comes to best MetaTrader 4 trading platform offerings among the top DFSA regulated forex brokers that we reviewed, Axi formerly Axitrader clearly outpaces the competition. Axi is an international forex broker regulated by tier-one financial institutions, as follows:.

UAE Forex Brokers

This means the chance for traders to experience slippage is also reduced significantly, which ensures lower trading costs compared to a standard connection. The top-notch technological solution offered by Axi translates into fast order execution speed. Axi can boost millisecond execution speed of market orders.

Additionally, they are able to choose how market data is presented by using MT4 live charting options. The platform will also allow them to take advantage of automated trading via Expert Advisors and of automated news updates. Another essential feature is the Autochartist MetaTrader Plugin, which is a sophisticated real-time market scanner that allows Forex traders to automatically identify chart patterns without human intervention.

This Autochartist is also available on a demo account with Axi. The selection of financial instruments offered by Axi is abundant. Axi offers MT4 trading accounts suitable for both professional traders and beginners. The UAE forex traders can deposit funds using 10 different base account currencies, access leverage up to , advanced technological solution through MT4 NextGen, low latency and much more.

Our team of experts at Compare Forex Brokers have concluded that, among the best-regulated brokers in the UAE, Swissquote offers the broadest range of complex instruments CFDs on stock indices, commodities and bonds, as well as foreign exchange and cryptocurrencies. With Swissquote, Dubai-based traders have the opportunity to choose from a variety of CFD instruments, including:.

Forex Brokers in United Arab Emirates

Dubai crypto traders can enjoy the following advantages:. Swissquote offers forex traders from the Saudi Arabia peninsula full access to the forex market and an additional CFD instruments and digital currencies. Finally, when it comes to the most competitive fixed spread brokers in Dubai, our research clearly points to FxPro. The fixed spreads are established by the forex brokers and the spreads remain stable regardless of the market volatility.

List of Forex Brokers Regulated by UAE:

FxPro offers the most competitive fixed spreads for UAE traders. The FxPro fixed spread account gives you the advantage of knowing the total trading costs before entering a transaction. The full cost of your forex transactions will be reflected in the spread you pay. For this reason, the fixed spreads offered by many FX brokers are going to be bigger than the variable spreads.

Below, our team of experts will review in more details what UAE traders can expect to find on the FxPro fixed spread account.

Best Forex Brokers United Arab Emirates for 2021

FxPro offers fixed spreads account only with the MetaTrader 4 trading platform. The only downside is that FxPro only offers fixed spreads on a limited number of currency pairs. Dubai-based traders are able to choose from 7 currency pairs with fixed pricing:. Additionally, FxPro offers a unique pricing model where the fixed spreads are predetermined based on specific time intervals. By comparison, the FxPro only charges a commission if you opt to trade through FxPro cTrader account.

But the average floating spread on the commission-based account is 0. FxPro offers UAE residents access to trade over instruments, 4 trading platforms, ultra-fast order execution in under 11 milliseconds, up to 7, orders executed each second, no requotes, leverage up to and the chance to trade with a fixed spread account. Claim your free demo account by clicking the button below.

The broker is well-known for having one of the best product ranges currently available. As well as a diverse range of asset classes including cryptocurrency, commodities, shares, treasuries and indices, over spot and future forex pairs can be traded. All spreads offered by CMC Markets carry no commission and traders paying no additional commission fees on top of the spread. On average, spreads are tight considering compensation is included in the spreads:. Both platforms are available as a desktop platform, Webtrader platform or mobile trading apps.

The DFSA regulated broker provides access to an unbeatable range of forex. To get in touch with XM, you can use live chat, phone or email. The DFSA regulated broker offers efficient customer support with live chat, email and phone contact methods available. While DIFC regulated brokers are not required to offer an Islamic account , most of them will offer a swap-free account. When using an NDD broker, choose a commission account as these spreads are tighter than a Standard account which is a spread only account. Forex brokers will generally make money using two methods. This is either through commission or by widening the spreads.

When a broker charges a commission, this means they are charging a fee each time you trade. The commission will usually vary depending on the size of your trading lots and some may reduce the commission if you trade in high volumes. Most brokers will charge a commission when you open your position and when you close your position known as round-turn. The other way a broker will make money is by adding pips to the spread to widen it. A wider spread is usually done in place of commission. There are two basic types of brokers.

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A market maker sources their own liquidity, this means they can set their own prices however many keep their prices in line with prices offered by liquidity providers in the market. Market makers profit when you make a loss and lose when your profit as they are always the counterparty to your trades.

A no dealing desk broker does not own any liquidity. Instead, they are a middle man whose primary role is to connect you with liquidity providers in the market. This kind of broker does not profit when you make a loss so will gain compensation by other means such by charging a commission or widening the spread prices. Market maker spreads tend to be wider than NDD spreads however they often include extra features such as risk management tools however often do no allow trading automation. The regulatory frameworks that govern the activity of the best United Arab Emirates UAE forex brokers offer traders a fair and secure trading environment.

Based on our broker review validation process, Pepperstone was selected as the best forex broker in the UAE. The overall quality of the financial services offered by Pepperstone is superior to what the competition has to offer. Pepperstone stands out due to their range of trading platforms, lower average spreads and commissions, lightning-fast trade execution speed and access to a deep liquidity pool. In addition, our team of industry experts rated the best forex brokers in the UAE based on a variety of categories like:.