Forex Trading in The UAE – Top Brands to Trade With
The foreign exchange market is the largest and the most actively traded financial market on the globe. Although a complicated endeavour, the very first thing a trader should always do when starting to trade FX, is choose a trustworthy forex broker. Looking for the best forex broker includes several key characteristics that every investor should know in order to generate substantial benefits in the future. Among them are commission fees, trading platforms (including software, web-based, mobile, charting, and third-party platforms), customer support, trading education as well as currency research, and reputation.
If you are a UAE citizen, there are several trading platforms that might be the best for you in order to start Forex trading in UAE. It is important to know that the Forex brokers are not required to get the license from the financial regulatory institution Securities and Commodities Authority (SCA) in order to accept the traders of the United Arab Emirates. So the “research” part of brokers gets a bit tricky.
This guide is dedicated to navigating your way through UAE brokers, learning about the regulation that the country has, and what protects you from potential harm.
Broker of the Month
Discover our best broker for October and start trading today
Best and most trusted forex brokers in October 2023
All the brokers below are available in:
95.5
Points
Used by
100,000+ Traders
Min. Deposit
$100
Bonus
Check Website
Trading Instruments
4,500+
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/NDD
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, BitPay, VLoan and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Best and most trusted forex brokers in October 2023
All the brokers below are available in:
96
Points
Used by
Traders
Min. Deposit
$10000
Bonus
N/A
Trading Instruments
150+
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN/DMA
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, PayPal, Union Pay, WebMoney and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Neteller, Skrill, Bitcoin, Sofort and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, Mastercard, Skrill, Netseller, Sofort
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
STP/ECN
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Private
Deposit Methods
Bank transfer, Visa, Skrill, Neteller, PerfectMoney, bitwallet
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
Market Maker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
MT5
Multi-asset platform for trading Forex and CFDs.
Mobile App
WebTrader
Trade online without downloading any software.
Deposit Methods
Bank transfer, Visa, MasterCard, Skrill, Neteller, FasaPay, American Express, Union Pay and more
Trading instruments, or securities, are the various market types you can trade. Examples include CFDs, stocks, currencies, metals, and commodity futures.
Type of Brokers
ECN Broker
Trading Platforms
MT4
Platform for trading Forex, analysing financial markets and using expert advisors.
Although the UAE regulated the FX trading industry similar to every other country, there are some minor details sprinkled in due to the country being predominantly Muslim. For those who don’t know, speculation is more or less frowned upon in the Quran, which is why Trading companies in UAE have to adjust in a very specific way.
But before we get to those specifics, let’s learn about the agencies and organizations responsible for regulating this sector in the country. The main regulatory body is UAE’s central bank. On top of that, there are institutions like the SCA (Security and Commodities Authority). So if the Forex brokers want to be regulated in the UAE they are required to follow the rules of the mentioned regulatory bodies.
Now let’s talk about some of the specifics that UAE-regulated Forex brokers need to follow without question. The brokerage company must be owned by a local citizen in order to be able to be regulated by the central bank. All documents must be written in the local language before submitting them for review to the local governing agencies. Other than that, firms must have at least $8 million in capital as well as a deposit of around $6 million. The required deposit needs to be in a UAE bank, while the capital can be dispersed.
All brokers in the country must have an Islamic Account if they want to offer services to the locals. As already mentioned, this is done due to the local religion. According to the Quran, Muslims cannot borrow or lend money expecting interest on it. And due to how leverage works in forex, regular accounts tend to pay interest to the brokers for “lending” out the funds to trade with. With Islamic accounts, the “interest” part of the account is simply not there, therefore making it halal.
So while trading Forex UAE you should know that in most cases you will come across swap-free accounts, which means that there are no interest rates so no profit can be made with the swaps.
However, there is a special trading zone called the DIFC (Dubai Int’l Finance Centre) where such laws don’t apply. Brokers in this trading zone are usually authorized by foreign financial institutions such as the UK, Cyprus, and others. This is the main reason why Forex trading in Dubai is completely different from FX trading in the UAE. The laws are simply too different as well as the target market and scale of the companies.
How to Find a Good FX Broker in the UAE
In most cases, it is very hard to tell what is the major criteria for the best Forex broker company because it depends on the individual traders’ needs, requirements, and desires. However, there are some main features that almost every broker should have in order to be called one of the best in the field.
Such types of characteristics include generous bonuses and promotions, licenses and authorization from regulatory authorities, lots of active traders, great feedback from loyal customers, good quality of customer service in Arabic, and so on.
This type of trading company in the UAE will help any trader reach great success in Forex trading and gain a substantial amount of money in the future.
Let’s try and describe the perfect FX broker in the UAE. Let’s call it XYZ. XYZ has very competitive spreads (maybe 1 pip), the leverage level is as high as 1:500, and has account types for both professional and novice traders. XYZ also holds numerous licenses from both the SCA and international regulators such as FCA (UK) and maybe CySEC (Cyprus).
The minimum deposit for XYZ ranges from 100 to 150 US dollars and mainly bases its trading operations on popular and trusted platforms such as MT4, MT5 or cTrader.
But why all of these formalities? Why can’t you just look at the broker and know it’s legit? Well, that’s because the UAE is full of large scale individual traders. This makes it a good target for scammers. Avoiding fraudulent brokers is exceptionally important due to how hard it is to retrieve any lost funds even for regulators. Therefore, a UAE-regulated forex broker is the safest option to go for, even if you think fees and commissions are a bit high. You at least get security and guarantees that your investments will be safe.
Forex Trading Platforms in the UAE
The United Arab Emirates has pretty much the same trading platforms as anywhere else in the world. The market is currently dominated by MetaTrader 4, MetaTrader 5 and occasionally cTrader.
The main reason behind this is that these platforms are tested and trusted. Almost every single FX broker in the world has or has once had this software. Furthermore, the developers behind these platforms personally vet and approve brokers they partner with. So, if a broker has any of the above-mentioned brands, it’s highly likely that they’re legit.
Pair that up with a license from a local regulator, and there’s pretty much nothing to fear from them.
Now let’s take a look at the 2 most common platforms you will definitely encounter.
MetaTrader 4
MT4 is known for its analysis tools, trading order types, security, reliability, and much more. This software has a long history and has been operating in the Forex market for almost 16 years. It has millions of users around the world and the Forex UAE is also a big part of this. MetaTrader 4 ensures its customers’ safety all the way which means that it is a very reliable software and nobody should be afraid of potential