Best Forex Brokers in UAE and Dubai (January 2024)

This guide helps to compare and find the best forex brokers in UAE. Currency trading is a popular investment for beginners and advanced traders in UAE to achieve financial gains. However, with 174 local and offshore online brokers available in UAE offering different trading conditions, it is tough to select the ideal option for individual needs.

To help beginners and advanced traders make the right choice, the services of available providers have been assessed considering: the range of forex trading instruments, fees, accessibility, trading tools & platforms, research & education materials, islamic accounts availability and customer support.

This guide compares 174 providers for users to review and find the ideal forex broker for their needs. To help them make an informed decision, a list of the best forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.

Page Summary

Best Forex Brokers in United Arab Emirates

  1. AVAtrade – Overall Best Forex Broker in UAE
  2. eToro – Best Beginners Broker
  3. Multibank – Best Forex Trading Broker
  4. Pepperstone – Best Forex CFD Broker
  5. Saxo Bank – Best Advanced Forex Broker

The Top Choices Compared

Key features of the highest ranked brokers for forex trading in UAE are compared in the table below.

BrokerAvaTradeeToroMultibankPepperstoneSaxo Bank
Nr. of Forex Pairs65495560+190+
Min. Deposit$100
(370 AED)
(185 AED)
$50 (185 AED)$0
(0 AED)
(7,345 AED)
Trading PlatformsMT4
eTorro appMultiBank-Plus (Coming Soon)
MetaTrader 4
MetaTrader 5
WebTrader MT4
WebTrader MT5
Social Trading 
Copy Trading ToolsAva Social
N/AIC Social
Algorithmic TradingYESNOYESYESYES

Forex Spreads and Commissions Compared

Spreads and commissions of top choices are compared in the table below.


EUR/USD spread (standard)

AUD/USD spread (standard)
EUR/USD spread (ECN)
GBP/USD spread (ECN)
AUD/USD spread (ECN)

GBP/USD spread (standard)

AUD/USD spread (standard)
EUR/USD spread (ECN)
GBP/USD spread (ECN)
AUD/USD spread (ECN)

AUD/USD spread (standard)

EUR/USD spread (ECN)
GBP/USD spread (ECN)
AUD/USD spread (ECN)
Saxo Bank

Top 5 Forex Brokers in UAE Reviewed

The best forex brokers in UAE are reviewed below including key features.

1. AVAtrade – Best Overall Forex Broker in UAE

AVAtrade logo

Rating: 4,9/5

BEST FOR: Low Fixed Spreads

LEVEL: Average & advanced

FX PAIRS: 55 forex & 44 options


Open account Read review

71% of retail CFD accounts lose money

AVAtrade is the best forex broker in UAE. They charge low fixed spreads of 0.6 pips on most forex pairs. Users can trade on a wide range of currencies including 55 forex CFDs and 44 forex options.

Avatrade’s trading platform has an intuitively designed trading dashboard. It supports a wide range of third party integrations including MT4, MT5, TradingView, DupliTrade, Zulutrade and It also offers implementation of Expert Advisors, trading bot scripts and APIs for trade automatisation.

Avatrade Spreads

Avatrade charges a low fixed spread of 0,9 pips (EUR/USD) without additional commission.

Avatrade’s spreads and commission are compared with other brokers in the table below.

Broker AvaTrade Pepperstone eToro IG  IC Markets Saxo Bank XM
EUR/USD 0,9 0,6 0,9 0,8 0,3 0,9 1,1 1,7
USD/JPY 1,0 1,2 0,9 0,7 0,4 1,0 1,5 1,6
GBP/USD 1,5 1,3 2,0 0,9 0,8 1,1 1,5 2,1
AUD/USD 1,1 0,6 1,0 0,8 0,6 0,8 1,4 1,8
Min. Deposit $100 $20 $50 $5,445 $200 $2,000 $100 $5
Swap Free Account Yes Yes Yes No Yes No Yes Yes
Inactivity Fee Yes No Yes Yes No Yes Yes Yes
Funding Fee No No Yes No No No No No

Avatrade Account Types 

AvaTrade have 3 account types: RetailStandard and Professional.

  • Retail and Standard Account – is the basic account with access to all asset classes. It allows trading with up to 1:30 leverage
  • Professional Account – access to 1:400 leverage
  • Demo Account – allows practice trading with $100,000 virtual balance
  • Islamic Forex (Swap-free) Account – charges low spreads of 0.3 pips

All account types have a demo and islamic account option.

Avatrade Forex Pairs

Avatrade offers access to 800+ CFDs including 55 forex currency pairs (major, minor and exotic) and 44 forex options.

Avatrade Trading Platforms

The 5 trading platforms available on Avatrade are listed below.

  • WebTrader –  web based platform
  • AvaTradeGo – mobile trading app
  • AVAoptions –  options platform
  • AVAsocial – social copy trading app
  • Mac Trading – MAC trading app

All trading platforms offer a wide range of trading tools such as: Trading calculator, Avaprotect, fundamental and technical analysis tools and advanced order types.

The platforms also support different trading styles including short sellingscalping, swing and automated trading.

Trading Platforms Available on Avatrade are listed below.

WebTrader: is accessible directly from your browser without having to download any software

AvaTradeGo: is their proprietary mobile trading app available on iOS and Android mirroring all fo the features available on the desktop version

MetaTrader 4 & MetaTrader 5: Both MetaTrader versions are powerful trading platforms that offer a wide range of technical analysis tools, order types, and automated trading software integrations via APIs and Expert Advisors

Mac Trading: is AvaTrade’s trading platform specifically designed for MAC users

AVAsocial: is their proprietary social trading platform which allows users to follow and copy trades and portfolios of other traders

Zulutrade & Duplitrade: are both third party platforms that allow users to copy trades or even portfolios from seasoned investors.

Customer Service

AvaTrade’s customer service is available 24/7 by email, live chat, phone and even WhatsApp in English and Arabic.

Key Features for Forex Traders:

  • Nr. of forex currency pairs: 55 forex pairs (CFDs) and 44 forex options
  • Average spread (EUR/USD): 0.6 pips (EUR/USD)
  • Trading platforms: Proprietary, MT4, MT5, TradingView, ZuluTrade, DupliTrade
  • Maximum leverage: 1:400
  • Regulators: ASIC, CySEC, FCA, FRSA
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience Level: Average to advanced
  • Supported trading strategies: Automated trading, short selling, scalping
  • Nominated: Recommended trading platforms for forex trading in UAE
Open account

71% of retail CFD accounts lose money

2. eToro – Best Forex Broker For Beginners

eToro logo

Rating: 4,9/5

BEST FOR: Social & Copy Trading

LEVEL: Beginner

FX PAIRS: 49 major, minor, exotic


Open account Read review

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

eToro is an investment company founded in 2007. They offer access to 49 major forex currency pairs as CFDs. eToro charges low fixed spreads of 0.9 pips on EUR/USD and variable commissions.

Their trading platform has an easy to use interface for starters. It offers a wide range of beginner trading tools including easy buy/sell options, copy trading and risk management tools. Users can access the platform through a web (WebTrader) and mobile app (Android and iOS).

eToro Spreads and Fees

eToro charges a fixed spread of 0.9 pips on EUR/USD. An extra variable commission is applied on forex CFD trades.

The broker also charges a monthly inactivity fee ($10 ), withdrawal fee (a $5 ) and a currency conversion fee (0.1%).


eToro Account Types

eToro has 2 different forex account types: Retail and Professional.

  1. Retail account: is the basic account that allows access to all forex pairs including forex CFDs
  2. Professional account: requires users to pass a test for professionals and requires a minimum deposit of $10,000.

Both accounts offer a free demo and an islamic (swap-free) account option.

Deposit and withdrawals are free of charge. Deposits and withdrawals are available through: wire transfer, credit card, or e-wallets (PayPal, Neteller, or Skrill)


eToro offers access to 49 forex currency pairs including all major, minor and exotic pairs. All assets are available as real assets and as CFDs.

eToro Platforms

eToro has two trading platforms:  a web-based platform (WebTrader) and an intuitive mobile app.

The platform does not support common trading tools like technical indicators, complex order types, or Expert Advisors. This can be a drawback for advanced forex trader looking for customisation options.

Customer Service

Their support team is responsive. It is available through email, live chat, or phone.

Key Features For Forex Traders:

  • Nr. of forex currency pairs: 49 forex pairs (CFDs)
  • Average spread (EUR/USD): 0.9 pips
  • Trading platforms: Proprietary Web Trader and CopyTrader
  • Maximum leverage: 1:20
  • Regulators: FCA, ASIC, CySECA
  • Islamic swap free account: YES
  • Micro lot trading: NO
  • Recommended experience Level: Beginner
  • Supported trading strategies: Social/copy trading
Open account

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

3. Multibank – Best Forex Trading Broker

Multibank logo

Rating: 4,8/5

BEST FOR: Forex Trading Broker

LEVEL: Intermediate



Open account Read review

74-89% of retail CFD accounts lose money

MultiBank is a Dubai-based multi-asset broker founded in 2005 that allows users to trade CFDs on metals, shares, indices, commodities, cryptocurrencies, and forex pairs. Its range of trading platforms includes MetaTrader 4 and 5 and its proprietary MultiBank-Plus and Social Trading platforms. Users can trade through the web, desktop, and mobile apps.

MultiBank Spreads and Commissions

MultiBank charges low spreads from 0,0 pips (on EUR/USD) on its ECN accounts. 

Spreads charged on main MultiBank accounts are listed below.

  • Standard Accounts are subject to variable spreads from 1,5 pips (on EUR/USD)
  • Pro Accounts are subject to variable spreads from 0,8 pips (on EUR/USD)
  • ECN Accounts are subject to variable spreads from 0,0 pips (on EUR/USD) and $3,00 commission per lot per side 

MultiBank Account Types

MultiBank has 3 different account types: Standard, Pro, and ECN. All accounts allow trading with up to 500:1 leverage, conduct social trading, have demo variants, and have access to 24/7 technical support. 

MultiBank Assets

MultiBank allows users to trade over 20,000 financial instruments, including 55 forex currency pairs

MultiBank Platforms

MultiBank’s selection of platforms includes a proprietary (web, mobile, and desktop) platform (MultiBank-Plus), the full MetaTrader suite (4 & 5), and a social trading platform. Additionally, users can access a free Forex VPS server and deploy Expert Advisors (EAs) on all available trading platforms.

Trading Platforms available on MultiBank are listed below.

MultiBank-Plus Trading Platform – is MultiBank’s proprietary web trading platform that provides access to the most liquid markets in the world, 24-hour instant and stable nano-second execution, up to 5 levels of market depth, up to 500:1 leverage, free VPS, MAM, and PAMM accounts, and that has negative balance protection and no restrictions on the usage of Expert Advisors. 

MetaTrader 4 Trading Platform – provides users access to a pure Non-Dealing Desk ECN trading structure with direct access to over 20 interbank trading prices without conflict of interest—downloadable software, not directly accessible through a web browser.

MetaTrader 5 Trading Platform – offers all the same features of the MetaTrader 4 platform and provides improved trading functionalities, such as enhanced scripting tools for custom indicators and expert advisors. Additionally, it offers 80+ technical analysis indicators and analytical tools, alert notifications to track essential market events, and shows the current market depth for the latest price quotes.

Social Trading Platform – allows users to copy the trades of experienced traders, which is ideal for beginner traders or those who don’t have the time to monitor the financial markets constantly.

MultiBank App – is the mobile version of the MultiBank-Plus trading platform that contains all the same features and allows users to trade on the go from Android and iOS mobile devices.

Research and Education

MultiBank’s research and education tools include explainer video courses, a free forex VPS, and an economic calendar, making MultiBank the go-to broker for beginner and data-driven traders. Additionally, the free forex VPS is useful for algorithmic and high-frequency traders.

MultiBank education and research tools are compared with other brokers in the table below.

Research & Education Features AvaTrade eToro IG IC Markets Saxo Bank XM MultiBank
Trading Signals No No No Yes No No Yes No
Educational Resources Yes Yes Yes Yes Yes Yes Yes Yes
Webinars Yes Yes Yes Yes Yes Yes Yes No
In-depth Market Analysis Yes Yes Yes Yes Yes Yes Yes Yes
Personal Training and Trading Room No No No No No Yes Yes No

MultiBank Key Features For Forex Traders: 

  • Nr. of forex currency pairs: 55 forex pairs (CFDs)
  • Average spread (EUR/USD): 0 pips (on EUR/USD)
  • Trading platforms: MultiBank-Plus, MetaTrader 4, MetaTrader 5, Social Trading
  • Maximum leverage: 1:500
  • Regulators: ASIC, AUSTRAC, BaFin, CIMA, CySEC, FMA, FSC, MAS, FMA, SCA, TFG, and VFSC
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience level: average traders
  • Supported trading strategies: algorithmic trading, MAM/PAMM accounts, FIX API bot trading integration
Open account

74-89% of retail CFD accounts lose money

4. Pepperstone – Top Forex CFD Broker (Best Forex Trading App in UAE)

Pepperstone logo

Rating: 4,9/5


LEVEL: Average & advanced

FX PAIRS: 60 major, minor, exotic


Open account Read review

74-89% of retail CFD accounts lose money

Pepperstone is a reputable forex CFD broker with a license from the DFSA. They offer access to 60+ forex pairs and 700+ different CFDs. Pepperstone charges 0.0 spreads on most forex pairs and a fixed commission of $3,50. High liquidity is provided at 99.72% fill rate.

Pepperstone list of trading platforms include MetaTrader 4, MetaTrader 5, Tradingview and cTrader. Users can integrate a variety of third party add-ons including, AutoChartist, cTrader Automation, and VPS hosting. The trading interface is easy to use for starters and advanced.

Pepperstone Spreads and Commissions

Pepperstone charges low spreads of 0.0 pips on most forex pairs including EUR/USD, GBP/USD, USD/JPY. They charge a variable commission from $3,5 depending on the underlying currency pair and account type.

Pepperstone Account Types

Pepperstone has 2 forex account types: Standard and Razor:

  • Standard account: charges average spread of 1.1pips EUR/USD
  • Razor account: charges an average spread of 0.0 – 0.3 pips EUR/USD plus a $2.60 commission.

Both account types have a free demo account. Users can trade on both with up to 1.30 leverage.

Pepperstone does not charge deposit or withdrawal fees.

Pepperstone Account Types and Features are compared in the table below.
Features Standard Plus Premier Invest
Minimum Deposit 70AED 11,000AED 36,000AED 70AED
Spreads 0.6 pips 0.6 pips 0.6 pips 0.6 pips
Webinars & Events No No Yes No
Leverage 1:30 1:30 1:30 1:30

Pepperstone Currency Pairs:

Pepperstone offers access to 1,200 instruments including  60+ forex currency pairs. All assets are available as real assets and as CFDs.

Pepperstone Trading Platforms

Forex trading platforms available on Pepperstone are listed below.

  • MetaTrader 4
  • MetaTrader 5
  • Tradingview and
  • cTrader

Users can integrate a variety of third party add-ons including, AutoChartist, cTrader Automation, and VPS hosting.

Pepperstone offers a variety of trading tools. The most important are listed below.

  • TradingView integration
  • Real-time price quotes
  • Fast order execution
  • Deep liquidity
  • Expert advisors
  • Robo – advisors

Customer Service

Pepperstone’s customer support is available 24/7 in English and Arabic. They are reachable through email, live chat, and phone.

Pepperstone Key Features For Forex Traders:

  • Nr. of forex currency pairs: 60+ Forex pairs and 700+ different CFDs
  • Average spread (EUR/USD): 0.0 pips
  • Trading platforms: MetaTrader 4, MetaTrader 5, cTrader
  • Maximum leverage: 1:400
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience Level: Average and experienced traders
  • Supported trading strategies: Day trading, Algorithmic trading, Swing trading, Scalping
  • Nominated: best CFD trading platforms in UAE
Open account

74-89% of retail CFD accounts lose money

5. Saxo Bank – Leading Forex Broker for Professional Traders


Rating: 4,9/5

BEST FOR: High Volume Trading

LEVEL: Advanced

FX PAIRS: 200 spot, 125 forwards


Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

Saxo Bank is a Danish investment bank, founded in 1992. With 200 currencies, they have the biggest selection of forex pairs. They charge average spreads of 0.7 pips EUR/USD. High liquidity is provided through 99.01% fill rate.

Saxo Bank’s trading platform has a variety of advanced trading tools including enhanced trading tickets, extensive charting tools, options chains and fundamental & technical analysis tools. Users can implement third party integrations such as MultiCharts, TradingView, Updata and Dynamic Trend.

Saxo Bank Spreads and Commission

Saxo Bank’s spreads vary based on account type. Spreads charges on two main Saxo Bank accounts are compared below.

  1. An average spread of 0.7pips (EUR/USD) on classic account
  2. An average spread of 0.5pips (EUR/USD) on the VIP account

Saxo Bank Account Types

Saxo Bank’s accounts types are listed below.

  • Saxo Account
  • Joint Account
  • Corporate Account
  • Professional Account

All accounts have access to an Islamic account option. Minimum deposit required to open a live account is $2,000. Deposit and withdrawals are available through credit cards and bank wire transfers.

Saxo Bank Availability of Assets

Saxo Bank offers access tp 60,000 financial instruments including 200 forex spot pairs and 125 forwards. This makes them finish as the best forex brokers for availability of forex currency pairs.

Saxo Bank’s availability of Assets is compared with other brokers in the table below.
Broker Saxo Bank AvaTrade eToro IG  IC Markets XM
Forex 200 59 138 49 80 61 91 55
CFD Stocks 60,000 100 3600 2800 16,000 730 9500 1286
CFD Indices & ETFs 50 29 130 250 80 25 17 14
CFD Commodities 50 15 33 54 6 22 22 14
CFD Bonds 4200 0 0 12 12 11 0 0
CFD Crypto 6 14 207 10 10 18 8 5
Max. Leverage 1:30 1:400 1:500 1:30 1:500 1:500 1:400 1:888

Saxo Bank Platforms

Saxo Banks has two proprietary trading platforms: SaxoTraderGO and SaxoTraderPRO. All platforms allow integration of third party extensions including: MultiCharts, TradingView, Updata and Dynamic Trend. Saxo Banks’s Fix and Open APIs allow algorithmic traders to deploy Expert Advisors and other automated trading software.

Customer Service

Saxo Bank customer service is available by phone, email, and live chat in English, Arabic and over 20 other languages. VIP clients have access to personal expert meetups, exclusive events, and 1:1 strategy advice.

Saxo Bank Key Features For Forex Traders:

  • Nr. of forex currency pairs: 200 forex spot pairs and 125 forwards
  • Average spread (EUR/USD): 0.7 pips
  • Trading platforms: Proprietary, MultiCharts, TradingView, Updata, Dynamic Trend
  • Maximum leverage: 1:500
  • Regulators: ASIC, SFC, JFSA, MAS, FINMA, FCA
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience Level: Advanced traders
  • Supported trading strategies: Day trading, scalping, high volume trading
Open account

69% of retail investor accounts lose money when trading CFDs with this provider.

How To Find The Ideal Broker and Forex Trading Platform in UAE?

Criteria that help selecting the best forex broker and forex trading platform in UAE are listed below.

  • Availability of forex trading instruments. Brokers with access to a wide range of forex instruments should be preferred. They allow deverzification, flexibility and hedging which increases chances for profit. The most common instruments are forex currency pairs, forex derivatives (forex CFDs, options, futures), ETFs and currency swaps, micro lots etc.
  • Fees. There are two types of fees to be considered: trading fees (spreads, commissions) and non-trading fees (overnights, conversion fees, deposit and withdrawal fees). Brokers with low overall fees should be preferred.
  • Forex Trading Platforms and Third Party Integrations. A wide range of platforms and integrations are offered by brokers. Some of the most popular forex platforms are: MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView. Knowledge level, trading style and trading goals consideration will help traders select the right forex trading platform.
  • Reputation. Choosing a reputable broker helps avoiding scams. The following criteria build a brokers reputation: number of users, number of positive user feedback, number of tier-one licences.
  • Experience level. Brokers offer trading features and tools for different experience levels (beginners, intermediate and advanced). Traders knowledge level needs to betaken into account.
  • Personal Preferences. Preferences that need to be to considered when choosing a broker include: Religion (Islamic account options), Language (Arabic, English), Trading style (automated trading, swing trading, day trading, algorithmic trading, leverage)

There are a few things to be considered before choosing the best forex broker. Signing up with the right broker ( with the right trading features and fees), can make the different between making profit and loosing money.

Popularity and Trade Execution Of Top Choices Compared

Number of users and trade execution speed of the top choices are compared in the table below.


Popularity of broker

Execution speed

10 ms
10 ms
10 ms
10 ms
Saxo Bank
25 ms
25 ms
25 ms
25 ms

What To Consider Before Starting With Forex Trading in UAE?

Characteristics to be considered by forex traders in UAE are listed and explained below.

Usage Of Demo, Micro-Lot and Cent Accounts

The usage of demo accounts (paper trading accounts), should be considered by beginners (unexperienced traders). These accounts allow users to test trading strategies without the risk of loosing money. They increase overall chances for profitable trading and prevent unnecessary looses. Micro lot accounts and cent accounts can be used instead of demo accounts.

Fixed Spread VS Variable Spread Brokers

Variable spreads change based on current market conditions (they are sensitive to volatile price movements) and can unexpectedly increase overall trading costs. Fixed spreads on the other hand allow forex traders to know exactly how much their current positions cost. To avoid unexpected increases of trading costs, fixed spread broker should be preferred (especially by high volume traders and day traders).

Trading Courses and Mentors

Forex trading courses and trading mentors help users expending their knowledge on trading. Better education of traders helps choosing the right broker, avoiding scams and making better investment choices. Courses and mentors to follow as a UAE trader are listed in this article.

Trading With Leverage

Trading with leverage (borrowed money from the broker) allows traders to amplify their trading position. While it increases potential profits, it also amplifies the risk of potential losses. Trading with leverage should be avoided by beginner traders because of the greater chances of loosing money.

Forex Trading Hours in UAE

Forex trading in UAE follows trading hours of the global forex markets. The forex market is open 24/5, from Sunday evening until Friday evening. The forex market has four major trading sessions: the Sydney session (5:00 AM to 2:00 PM UAE time), the Tokyo session (7:00 AM to 4:00 PM UAE time), the London session (11:00 AM to 8:00 PM UAE time), and the New York session (8:00 PM to 5:00 AM UAE time).

How Is Forex Trading Regulated in the UAE?

The United Arab Emirates (UAE) is a federation of seven emirates (Abu Dhabi, Dubai, Sharjah, Ajman, Umm Al Quwain, Ras Al Khaimah, and Fujairah). Forex trading regulation in UAE has two regions: the Dubai International Financial Centre (DIFC) and the rest of the UAE.

Dubai International Financial Centre (DIFC) is an economic free zone in Dubai, founded in 2002. It is regulated by the Dubai Financial Service Authority (DFSA). The DFSA oversees all financial activities in the area, including forex trading, licensing and monitoring activities.

The rest of the UAE is regulated by the Securities and Commodities Authority (SCA). The SCA is a federal government agency established in 2000. It is issues licences to forex brokers in UAE that meet their regulatory requirements including minimum capitalisation, risk management, client fund segregation, reporting and disclosure. The SCA overseas financial activities on security and commodity markets (exchanges) in UAE including the Dubai Financial Market (DFM), the Abu Dhabi Securities Exchange (ADX) and NASDAQ Dubai.

Forex Brokers do not require a licence from the SCA to accept clients from the United Arab Emirates. Broker authorisation can be verified by contacting the SCA support.

Video Summary

Watch a short recap of the top rated broker in the video below.


It can be difficult and time intensive to compare and evaluate services of different brokers in UAE  to find the ideal option. Users need to collect and evaluate relevant information in order to make the optimal choice for their needs. 

This guide does the hard work for our readers by comparing and evaluating the top choices for different types of traders and trading goals. The results of our analysis of the best forex broker in UAE are summed up in the table below.

AVAtrade0.9 pip59$100Low fix spreads
eToro0.9 pip49$200Beginners
Multibank0.0 pip55$50Trading Tools
Pepperstone0.6 pip138CFDs$20Forex CFDs and app
Saxo Bank0.9 pip300$2,000Advanced traders


How To Know If A Forex Broker Is Trustworthy? 

Trustworthy broker are licensed by top-tier financial authorities and have a scam free history record. Top tier regulators in UAE include the SCA, DFSA and FSRA.

How to check If a broker is licensed by the SCA?

To check if a brokers is licensed by the SCA, residents need to contact their support. The SCA does not provide a public list of regulated brokers.

Is forex trading legal in the UAE?

Yes, trading forex in the UAE is legal, and citizens have access to both domestic and offshore forex brokers.

What Is The Difference Between A Dealing Desk And An Agency Broker? 

A dealing desk broker processes forex trades on his own, while an agency broker routes their clients trades to another dealer.

What kind of forex brokers have the lowest spreads? 

No Dealing Desk Brokers (NDD) and Electronic Communications Network brokers (ECN) offer the lowest spreads.

Is forex trading Halal?

Forex trading is considered halal if a swap free account and a trading strategy are used.

How are profits made with forex trading taxed in UAE?

Profits of UAE citizens and companies generated though forex trading are not subject to income tax. Profits of expats and tourists living in the UAE are subject to tax laws of their country of residence.

Are UAE citizens and expats allowed to trade with international (offshore brokers)?

Yes, both UAE citizens and expats are allowed to trade with offshore brokers that accept clients from the UAE.

Which forex platforms allow direct AED (Dirham) deposits?

Platforms that allow direct AED deposits include eToro, IBKR and AvaTrade.


eToro is a multi-asset investment platform. The value of your investments may go up or down. Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.


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