This guide discusses the top forex brokers in the UAE and Dubai. In total, 174 forex firms were examined and scored across eight criteria. All facets of a service, such as their trading platforms, fees, mobile trading, deposits and withdrawals, assets, regulation, research & education, and customer support, were evaluated. This article gave you the info on best forex brokers in uae and a lot more.
The following list includes the forex dealers who received the highest scores:
AvaTrade: Top-Rated Forex Broker
The top spot goes to AvaTrade as the top forex broker for traders in the United Arab Emirates. They offer a mobile trading app and an intuitive trading platform that support more than 50 distinct forex currency pairs.
Both deposits and withdrawals are cost-free. The initial down payment is $100. If you are a novice or intermediate forex trader looking to trade significant forex currency pairs as CFDs with an authorized forex broker, choose AvaTrade.
Key Learnings:
many different proprietary platforms AVATradeGO, AVASocial, MT4, MT5, and WebTrader
1400+ Forex CFDs and 44 Forex choices are available.
characteristics for advanced mobile trading
a vast selection of social trading tools
Best Selection Of Tradeable Assets at Saxo Bank
According to the oanda reviews it’s a trustful platform where you can easily invest your money and earn profit.
Saxo-bank
As the forex broker with the most vital asset coverage, Saxo Bank comes in third. They provide a fantastic trading platform with all the available top trading features, tools, and research resources. With approximately 40.000 traded symbols and 30.000 securities, they lead the market regarding the assets covered by FX trading.
This is the preferred forex broker for traders and investors of all levels if you can afford the minimum deposit of $10.000 for the United Arab Emirates.
Forex dealers based in the UAE who wish to conduct transactions conforming to Sharia Law may open an Islamic account. Saxo Bank additionally provides excellent customer service in Arabic by phone, email, or in person at their regional UAE office.
Key Learnings:
He has a license from six tiers, one authority, and runs three banks.
40.000 tradable symbols are available.
many different proprietary platforms (SaxoTraderGo)
sophisticated charting, several order kinds, and complete customization
the long part about education
aggressive charge schedule
TMGM
Trading CFDs in Forex, Metals, Energies, Indices, Shares, and Cryptocurrencies is available through TMGM, a global broker.
When the development began, the TMGM group began operating in Australia in 2013 after receiving an ASIC license to offer OTC derivative and forex trading. Further, the organization introduced a stable and dependable DMA (Direct Market Access) trading environment without human interaction after years of advancement and constant striving. According to the oanda reviews it scores 92 out 99.
Pepperstone
A distinguished forex broker with offices in Melbourne, Australia, and London, United Kingdom, is Pepperstone. This broker offers one of the lowest spreads available on the forex market. Keep trading expenditures to a minimum if you want to be a profitable trader.
With a DFSA license and local operations in Dubai, Pepperstone is a licensed forex broker in the UAE. We believe this broker is the best option for individuals serious about FX trading because it lacks tricks and deceptive marketing.
You can start trading using their quick trading platforms with a minimum investment of $10 (we advise starting with $200) and your choice of MetaTrader 4 or cTrader.
Oanda
Even if you’re just starting forex trading, you’ve heard about Oanda already. The Canadian-based online brokerage is well-known to traders.Online trading broker Oanda is one of the most excellent options for new traders from Dubai and the Emirates because of its low minimum deposits of $1 and extensive selection of forex trading platforms like MT4/MT5 Metatrader.
With regulation in the USA, Canada, Europe, and the British Virgin Islands, Oanda is likely the safest forex broker, giving you peace of mind that your money is secure.
Advantages
non-dealing desk broker
excellent standing
Leverage as high as 1:200 (under BVI license)
$1 minimum deposit
available 45+ currency pairs
Spreads as little as one pip
rapid trading execution
Scalping and hedging are accepted.
cTrader, Webtrader, and MT4/MT5
USD, SGD, HKD, and EUR are the account currencies.
Cons
No stock CFDs available
No DFSA license as of yet
UAE Forex Trading Regulation
The Central Bank of the United Arab Emirates, often known as CBUAE, is the primary regulatory body in charge of overseeing the financial sector in the UAE. Another organization in the UAE responsible for financial regulation is the Securities and Commodities Authority (SCA).
The Dubai Financial Services Authority (DFSA), a state regulatory authority in the emirate of Dubai, is in charge of overseeing all forex trading platforms and businesses with a presence there.
