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These cookies ensure basic functionalities and security features of the website, anonymously. Cookie Duration Description cookielawinfo-checkbox-analytics 11 months This cookie is set by GDPR Cookie Consent plugin. When it comes to the 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:. 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 the 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 automated news updates. eToro which is the leading social trading broker worldwide is not DFSA regulated so the MT4 copy trading feature through Axi is a leading choice for Dubai traders. 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 solutions through MT4 NextGen, low latency and much more.

If you want to trade cryptocurrencies like Bitcoin through CFD contracts and on the MetaTrader 4 trading platform, click the button below to claim your FREE day demo account. XM is popular among UAE traders as it offers good trading platform options MT4 and MT5 , tight spreads plus excellent customer service. 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.

XTB has 20 years of experience in the forex and CFD industry which has seen it grow to become one of the largest forex brokers listed on a stock exchange Warsaw Stock Exchange. These features are backed with fast and highly qualified support and a comprehensive education library. With over trading products, an innovative proprietary trading platform and low spreads, XTB offer a compelling case to be the broker for you.

XTB offers clients in Dubai a choice of two trading accounts. Most traders will use the standard account which uses straight-through processing to source the best interbank market price from top-tier banks.

Spreads start from 0. No minimum deposit is required to open an XTB account however you will need to meet margin requirements to open a position. Leverage starts from for major currency pairs. The other account is an Islamic account. This account is suitable for traders that comply with Sharia law since there is no riba in the form of swaps.

You can trade all products with the XTB Islamic Account except for cryptocurrencies. Unlike other brokers which apply an administration fee in place of swaps, XTB instead widens the spread slightly. For this reason, spreads start from 0. In addition to 57 Forex pairs, these symbols include CFDs on 1, stocks, ETFs, 15 commodities, 37 indices and 14 cryptocurrencies.

XTB also provides nearly spot shares and spot ETFs as part of its securities offering. The other benefit of being a UAE trader is access to leverage of up to for Forex products. This means you can take on more risk for a potentially higher return when trading forex. While MetaTrader 4 is still the most popular forex trading platform with excellent features, we highly recommend xStation as a superior platform option. You can use xStation either via the mobile app or as a web platform, xStation 5.

The app largely mirrors its web counterpart, in that it is cleanly designed and responsive with features such as streaming news, predefined watchlists and an economic calendar. There are also several integrated educational videos and webinars in the mobile app. Where the web platform stands out, is in its trading tools.

In addition to its 30 charting drawing tools and 39 technical indicators, some unique trading tools include color-coded heat mapping for analyzing top movers, a versatile stock screener and sentiment data. Retail investors in the UAE wanting to trade forex and other CFDs need to ensure their broker is regulated by the Dubai Investment Financial Center DIFC which is the regulatory body with oversite for the Dubai Freezone or Abu Dhabi Global Markets ADGM for Abu Dhabi.

The Central Bank of the United Arab Emirates CB of the UAE regulation is also suitable. While DIFC regulated brokers are not required to offer an Islamic account , most of them will offer a swap-free account.

A No Dealing Brokers NDD that uses ECN, STP or DMA or a combination of them trading execution tools will typically offer the lowest spreads. 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. These are Market Makers and No Dealing Desk brokers NDD. 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. NDD Brokers connect you with liquidity providers using technologies such as electronic communication networks ECN , straight-through process STP and direct market access DMA.

This kind of broker does not profit when you make a loss so will gain compensation by other means such as 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.

All reviewed forex brokers offering financial services to UAE-based traders are regulated by the Dubai Financial Services Authority DFSA and other tier-one regulatory agencies ASIC, FCA or CySEC. 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 its 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:. With over 40 years of experience in the financial markets, HYCM won easily as the most reputable forex broker in the UAE. When it comes to MetaTrader 4 features, Axi took the most points in our star scoring system while IG Markets was named as the best forex broker in the UAE with low minimum deposits.

Additionally, FxPro and SwissQuote ranked as the best CFD brokers for UAE based traders with the lowest fixed spreads and the best range of CFD instruments, respectively. Risk Warning: Trading Forex and CFD instruments come with a high-risk level of losing all your funds.

CFDs are complex instruments, so you need to make sure you understand how CFD works before you invest any of your funds. Forex brokers in the UAE are governed by regulatory frameworks that comply with international standards. Regulation of forex trading services in the UAE is conducted by 4 main financial regulatory bodies, including:. Our team of industry experts at Compare Forex Brokers will break down the regulatory environment in the UAE below. Being the largest city within the United Arab Emirates, Dubai has become a global city and key financial center in the Middle East.

Located within the city of Dubai is a federal financial free zone known as the Dubai International Financial Center DIFC. Within this economic zone, financial services regulation is enforced by the Dubai Financial Services Authority DFSA , which operates only in the DIFC.

Forex brokers that do business in the DIFC are strictly regulated by the DFSA, while brokerages that operate outside the DIFC fall under the supervision of the Central Bank of the United Arab Emirates CB of the UAE and the Securities and Commodities Authority SCA. In the past, Forex trading was not accessible to retail investors in the DIFC, but only to customers who were considered as professional traders.

However, due to the rising interest in retail forex, the DFSA introduced changes to the regulatory framework and included the following requirements:. As a regulator, the DFSA can help UAE traders to determine if a particular brokerage is regulated or not, and advise them on how to avoid scams and the steps to resolve disputes.

In its mission to ensure market fairness, transparency and customer protection, the CB of the UAE work in close cooperation with the SCA. It is the regulatory body that grants licenses to forex brokers and ensures that licensed brokerages provide high-quality services to UAE clients. To obtain a license to do business in the UAE, forex brokers must meet two strict requirements:.

Disclaimer: Leverage is a high-risk instrument that can result in rapid losses. Please be aware of the high risk of losing your money. The UAE has a number of regulators — the DFSA is the regulator of the Dubai free trade zone, in much the same way the ADGM is the regulator of the Abu Dhabi free trade zone.

Regulators on the mainland outside the free trade zone include the Central Bank of UAE and SCA Securities and Commodities Authority. That is correct, On the 4th of December , the DFSA tightened leverage conditions when trading. While retail traders could previously trade major forex pairs, gold and major indices at , it is not restricted to Minor forex pairs and minor indices are now after previously being Other leverage changes include oil, now previously , commodities excluding gold and oil previously , shares previously , cryptocurrencies was HYCM offers trading services with forex and CFDs of forex, indices, stocks, commodities, and cryptocurrencies.

It also provides trading on industry-standard platforms: MT4 and MT5. The broker offers competitive low spreads starting from 0. We picked XM as the best forex broker for beginners in UAE. XM offers some of the best educational resources on forex trading, which is very essential for beginner traders. It offers forex guides to platform tutorials and also conducts webinars and seminars. XM offers a vast arsenal of indicators and tools for market research and analysis.

Beginner traders can also execute trades on a demo account without risking it with real money. It also has an excellent customer support desk.

We picked AxiTrader as the best MT4 broker in UAE. AxiTrader formerly Axi aces as the best MT4 forex trading platform. It offers trading services only on the industry-standard MT4, which was developed by MetaQuotes Software. Its market search tools are inbuilt into the MT4 platform.

We picked CMC Markets as the best forex trading platform in UAE. CMC Markets remains the best forex trading platform for many reasons. It offers currency pairs for trading, which is one of the highest in the industry. It also offers trading services with forex options products. The broker also aces when it comes to trading fees as it charges some of the lowest industry spreads. It offers trading on MT4 and its proprietary platform and offers trading with a wide range of instruments.

We picked AvaTrade as the best forex broker with the lowest spread and trading fees in UAE. AvaTrade offers very competitive spreads on currency pairs. Based on our testing, the broker offers an average spread of 0. Its spreads are also attractive for CFD trading instruments, other than forex. AvaTrade does not charge any commission on trades and does not have any deposit and withdrawal fees.

Traders usually have many questions related to trading generic trading-related queries. We tried to pick and answer some of the most important queries related to DFSA-regulated brokers. All DFSA-regulated forex brokers are listed on the public registry maintained by the regulator, which is the most reliable and legitimate source to check license details. Go to www. The incorporated name of the broker will then appear and licensing details of it can be seen just by clicking on the name.

Foreign retail forex brokers are mostly based in Dubai, within the economic zone of Dubai International Financial Center DIFC. Many reputed forex brokers have started operating from Dubai due to the potential in the region. Many forex brokers still prefer to provide trading services on MT4 trading platform due to its popularity. Spreads charged on currency pairs can make or break the business of a forex broker.

It is one of the primary sources of earning for the brokers, but higher spreads will push traders away. Some DFSA-regulated low spread forex brokers are:. Contract for Difference or CFDs are agreements between buyers and sellers of financial derivatives, settled in cash upon closing.

These are complex financial instruments. The advantages of CFD trading Dubai UAE are that CFDs are leveraged products, thus traders are able to take big positions with small margins.

There is also an opportunity to hedge instruments. Generally, Dubai is known for its lowest rates of taxes. Commonly, there is no income tax or capital tax in Dubai UAE. I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets and an independent trader.

Everything you find on BrokerTested is based on reliable data and unbiased information. Read more about our methodology. Your email address will not be published. Save my name, email in this browser for the next time I comment. Broker Reviews.

Forex trading in Dubai requires a DFSA-regulated forex broker based in the UAE. Based on November spreads and forex trading platforms we compared the best forex brokers in Dubai including Islamic accounts.

With over 20 years of investing experience and 10 years of trading, Justin co-founded Compare Forex Brokers in He has worked within the foreign exchange trading industry for several years and for several of the largest banks globally. Justin achieved Honours in Commerce and has a Master's degree from Monash University. He also owns Innovate Online offering digital marketing services with over 20 employees. He has an MBA in finance from the University of Miami Herbert Business School.

As a Senior Financial Analyst for Alphabet with an active CPA, Riley has a vast amount of financial knowledge. He has a Master's Degree in economics at Penn State University and a B. He also owns the website Young and the Invested providing investing advice for young individuals.

Fact Checked. Our forex comparisons and broker reviews are reader supported and we may receive payment when you click on a link to a partner site. Pepperstone was awarded the best UAE forex broker as it is regulated by the DFSA Dubai Financial Services Authority while offering clients:.

Established in Dubai two years ago as Pepperstone Financial Services , the broker holds the DFSA license number F Our November comparison of the UAE forex brokers found Pepperstone has the lowest spreads on most of the currency pairs.

The table below is based on the average spreads published by each broker on their website. spreads are taken from each broker's website and updated monthly. The spreads displayed are for the Pepperstone razor account which offers the lowest brokerage for Dubai traders. It combines a spread and commission to determine the final brokerage when trading forex or CFDs. The other option is the standard account which has no commission but higher spreads. If you are unsure which account is right for your needs you can view the razor vs standard account comparison.

The commission charged on the Razor account depends on the base currency selected. There are 10 base currencies offered with the most popular being the USD, EUR and GBP. The commission rates of each are shown below. The calculator below compares the average brokerage of Pepperstone to Axi and IG. This combines the average spread of , commissions and current forex swaps. It highlights just how much traders save on each trader when selecting the Pepperstone Razor account.

Dubai forex traders can choose from the three most popular trading platforms worldwide including:. As a general recommendation, MT4 is recommended for individuals looking to primarily trade forex. MT5 is the best option for trading CFDs such as indices and shares white cTrader is designed for scalping and automated trading. Below compares the three main trading platforms and also includes TradingView which is an add-on for traders who select the cTrader razor account.

The platforms also support 38 languages from Arabic to Persian. As Pepperstone aggregates price quotes from 22 tier-one liquidity providers, it can ensure lightning-fast execution of market orders, with an advertised execution speed of 30 ms.

Fast order execution speed is helpful to scalpers and social trading copy trades. To get a more accurate reading of the ECN order execution speed, we used a MetaTrader 4 script to verify the quality of trade execution for various brokers.

The results of our testing revealed that Pepperstone records the fastest execution speed with a measured speed of milliseconds. Below you can view a full trade execution speed comparison among Dubai-based forex brokers using limit orders. In the Investment Trends leverage report based on a survey of real traders found Pepperstone has the most satisfied clients. The contact center is based in Dubai and supported by other global offices which have multilingual teams. You can start forex trading with low spreads, competitive commissions, easy-to-use trading platforms, fast order execution speed and a wide range of tradable instruments.

While all other brokers on this list offer variable spreads, AvaTrade spreads are mostly fixed. Fixed spreads shield you from wild swings which can prevent significant losses when price movements. Since fixed spreads mean better predictability they are a good option for new traders and traders relying on stable spreads as a trading strategy.

As a bonus, AvaTrade does not provide restrictions on short selling and scalping. You can even use Expert Advisors through the MetaTrader 4 and MetaTrader 5 trading platforms to automate your trading or via their copy trading platforms such as ZuluTrade, DupliTrade and AvaSocial.

These features are somewhat unusual for a market maker and rarely found with brokers offering fixed spreads. AvaTrade is a market maker, however, this does not mean you are paying more than other brokers. Spreads with AvaTrade start from 0. This is impressive because fixed spreads are generally wider as the broker takes on the most risk when spreads move with extreme volatility.

Deposits can be done using credit cards, wire transfers and e-wallets such as Skrill, WebMoney and Neteller. AvaTrade offers trading through a comprehensive range of products. What makes AvaTrade unique is the availability of vanilla options for forex plus gold trading. Vanilla options are contracts that allow you to buy or sell at a certain price at a pre-defined time for a small premium. The options period can range from one day to one year.

To ensure you get the optimal trading experience when trading options, AvaTrade has its own app designed specifically for options trading.

This app is called AvaOptions. Both MetaTrader 4 and MetaTrader 5 are available. What makes using the MT4 or MT5 platform with AvaTrade stand out is the ability to automate your trading using Expert Advisors. Many market makers do not permit automated trading and even fewer do when it comes to trading with fixed spreads so this is a strong point of AvaTrade. If you wish to social trade or copy trade then ZuluTrade and DupliTrade are available. These tools allow you to automatically copy other traders in their community.

AvaTrade also has its own app for social trading called AvaSocial should you wish to trade via your mobile. 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. Registered and based in the DIFC, Swissquote MEA Ltd is licensed and regulated by the DFSA.

With Swissquote, Dubai-based traders have the opportunity to choose from a variety of CFD instruments, including:. In addition, the broker offers up to 12 cryptocurrencies on its eTrading platform, including Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Chainlink, Ethereum Classic, EOS, Stellar, Tezos, Novur and Ox. 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.

Saxo Bank is a multi-regulated broker that operates in the UAE under DFSA oversight. As a market maker broker, Saxo Bank only offers commission-free spreads, with no STP or ECN-style trading account available.

Three account tiers are available with different pricing and levels of customer support. Compared to other VIP retail investor accounts, Saxo Bank provides some of the best discounts for VIP traders. With such a large deposit needed, VIP accounts are best-suited to high volume and experienced traders. To complement its discounted spreads, the broker offers additional benefits to VIP accounts such as advanced analysis and access to senior management and exclusive events. Dubai-based retail clients who seek to start trading with the lowest amount possible may put their trust in a regulated forex broker such as IG.

Founded in , IG Group Holdings Plc is a leading multi-regulated online trading provider serving customers from offices in 16 countries across 5 continents. IG is a trading name of IG Limited, an entity registered in the DIFC and regulated by the DFSA. IG allows clients to fund their trading account by using one of the following methods:. If clients choose to fund their IG account via wire transfer or via bPay, there is no minimum deposit requirement.

IG offers traders from Saudi Arabia direct market access to over 17, CFD instruments including stockbroker services over 12, stocks from global stock exchanges , a large choice of forex trading platforms, price improvement technology and low spreads that start from 0.

IG only scored poorly for its low forex leverage of up to HYCM is a multi-regulated, award-winning Forex broker with rich business history. HYCM is the trading name of Henyep Capital Markets UK Limited, HYCM Europe Ltd, HYCM Limited and Henyep Capital Markets DIFC Limited, all of which operate under one parent company — the Henyep Capital Markets group. Based in Hong Kong, the Henyep Group is a global corporation that operates a diversified portfolio of businesses across Asia, Europe and the Middle East, including:.

HYCM has over 40 years of financial experience serving clients mainly in Asia and the Middle East. In , Henyep Investment Bank is renamed Henyep Capital Markets DIFC Ltd. Meanwhile, the Henyep Group consolidates capital markets investment brands and launches HYCM. Our year Group heritage in the financial markets has positioned us as one of the most trusted and transparent brokers in the Forex industry, serving both institutional and retail clients across the globe.

HYCM is authorized to offer services to residents of Austria, Belgium, the Czech Republic, Denmark, Germany, Hungary, Italy, Poland, Spain and Sweden.

Henyep Capital Markets DIFC Limited is regulated by the DFSA under license number and is allowed to service professional and retail customers in Dubai. When it comes to the 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:.

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 the 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 automated news updates. eToro which is the leading social trading broker worldwide is not DFSA regulated so the MT4 copy trading feature through Axi is a leading choice for Dubai traders. 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.

All DFSA-regulated forex brokers are listed on the public registry maintained by the regulator, which is the most reliable and legitimate source to check license details. This Autochartist is also available on a demo account with Axi. Liquidity Provider. Transactions in trading involve deposits, withdrawals, transfers, etc. 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. Forex Contract Specifications.

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