Best Forex Brokers in UAE and Dubai 2023

This guide helps users to find the best forex brokers in UAE. It lists the 7 highest rated brokers in UAE considering the following criteria: forex trading instruments, fees (spreads and commissions), accessibility (web, desktop, mobile app), trading tools & platforms, research & education, regulation, Islamic accounts availability and customer support.

The guide assesses 174 forex brokers available in the UAE. To help users choose the best forex broker in UAE for overall value and trading experience, they are ranked as best for: overall, beginners, advanced, forex CFDs, low spreads, trading platform and regulation.

Best Forex Brokers in United Arab Emirates

  • AVAtrade – Overall Best Forex Broker in UAE
  • eToro – Best Beginners Broker
  • Pepperstone – Best Forex CFD Broker
  • Saxo Bank – Best Advanced Forex Broker
  • IC Markets – Lowest Spread Forex Broker
  • – Best Trading Platform and App Broker
  • – Most Regulated Broker

Page Summary

6 Best Forex Brokers in UAE Reviewed

The best forex brokers in UAE are reviewed below including pros, cons and key features.

1. AVAtrade – Overall Best Forex Broker in UAE


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).  

Avatradedoes not charge any commission on forex trades.

Avatrade spreads and commission compared with other brokers

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

Avatrade has 5 trading platforms:

  • 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.

AvaTrade List of Trading Platforms

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, ADGM, FRSA
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience Level: Average to advanced
  • Supported trading strategies: Automated trading, short selling, scalping

Read the full Avatrade review

Nominated: Recommended trading platforms for forex trading in UAE

2. eToro – Best Forex Broker For Beginners


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.

eToro also charges a $10 monthly inactivity fee, a $5 withdrawal fee and a currency conversion fee of 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

Customer service is available in 16 languages including English and Arabic. Their support team is responsivem professional and 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, ADGM
  • Islamic swap free account: YES
  • Micro lot trading: NO
  • Recommended experience Level: Beginner
  • Supported trading strategies: Social/copy trading

Read the full eToro UAE review

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


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 spreads of 0.0 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. They charge a variable commission from $3,5 depending on the underlying currency pair.

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 any deposit or withdrawal fees. 

Pepperstone Account Types and Features

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 1200 instruments including  60+ forex currency pairs.

All assets are available as real assets and as CFDs.

Pepperstone Trading Platforms

Pepperstone list of forex 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. 

Pepperstone users can make use of the following trading tool: 

  • 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

Read the full Pepperstone review

Nominated: best CFD trading platforms in UAE

4. Saxo Bank – Leading Forex Broker for Professional Traders


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 has two different spreads:

  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 4 accounts types: 

  • 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 Compared With Other Brokers

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

Read the full Saxo Bank review

5. IC Markets – Best for Day Traders and Scalpers


IC Markets is an Australian brokerage with a license from the FCA, FSA, ASIC and CySec. With average spreads of 0.0 pips, they have the lowest fees in the industry. Users have access to 4500 tradable symbols including 61 forex pairs as CFDs.

IC Markets trading platform is available as a web version (Web Trader) and mobile app (iOS and Android). Traders can implement third party platforms including MT4, MT5, cTrader, Myfxbook AutoTrade, and ZuluTrade. The platform guarantees fast order execution speeds of under 40ms.

IC Markets Spreads and Commissions

IC Markets charges minimum spreads of 0.0 pips and a fixed commission of $3,5.

Different trading account have different spreads:

  1. MetaTrader 4 and 5 accounts charge a minimum spread of 0.6 pips.
  2. Raw Spread and cTrader Raw Spread accounts charge 0.0 pips minimum spread and a fixed commission of 3.5 per lot.

IC Markets Account Types

IC Markets have 2 account types: Standard Account and Raw Spread Account.

  • Standard Account: charges spreads from 1.0 pips (EUR/USD). The account minimum is $200. 
  • Raw Spread Account: charges an average spread of 0.0 pips on (EUR/USD). It allows up to 1:500 leverage, and is compatible with MetaTrader 4 and 5 and cTrader.

Both account types have a free demo and Islamic account option. 

Deposits and withdrawals are available through credit cards, wire transfers and e-wallets (PayPal, Neteller and Skrill). The account minimum deposit is $200.

IC Markets Forex Currency Pairs

IC Markets offers access to 4500 tradable symbols including 61 forex CFDs.

IC Markets Trading Platforms

IC Markets list of forex trading platforms include: a proprietary web platform (Web Trader), mobile app and  third party platforms (MT4, MT5, cTrader, Myfxbook AutoTrade, and ZuluTrade). Trading platforms are accessible as a web and mobile version. Their user interface is intuitive.

IC Markets Key Features for Forex Traders:

  • Nr. of forex currency pairs: 61 forex pairs (CFDs)
  • Average spread (EUR/USD): 0.0 pips
  • Trading platforms: Proprietary, MT4, MT5, cTrader, ZuluTrade, Myfxbook
  • Maximum leverage: 1:500
  • Regulators: FCA, FSA, ASIC, CySec
  • Islamic swap free account: YES
  • Micro lot trading: YES
  • Recommended experience Level: Average traders
  • Supported trading strategies: Day trading, scalping, swing trading

Read the full IC Markets review

6. – Best MetaTrader Forex Broker is a publicly traded forex broker regulated by four tier-one financial regulators. Their trading platforms has multiple third party extensions including MT4, MT5, TradingView and Trading Central. Users have access through a web, desktop and mobile app. Spreads and Commissions offers competitive spreads of 0.1pip (EUR/USD) on the pro account. spreads and commission vary based on account type:

  • Standard Account charges a variable spread of 1.0 pips on (EUR/USD)
  • Commission Account charges a variable spreads of 0.2 pips and $5 commission Account Types has 3 different account types: the StandardCommission and the Direct Market Access Account

All account types offer a free demo account option and leverage of up to 1:400. 

Forex. Com Assets allows users to trade on over 9500 financial instruments including 91 forex currency pairs. Platforms selection of platforms include a proprietary (web, mobile and desktop) platform, the full MetaTrader suite (4 & 5) and TradingView integration. This makes supportive for different forex trading strategies. Trading Platforms

Web Trading Platform – is the web trading platform which is accessible from all browsers and offers seamless account management and basic trading features.

Advanced Trading Platform – is the desktop version and offers advanced trading features including customisable dashboards, dynamic charting features, over 80 technical indicators, and the possibility to integrate trading strategies from predefined templates. app – is the mobile version and reassembles both desktop platforms in look and feel. Its available on both Android and iOS devices.

Research and Education

The research and education section features daily market news and analysis in real-time, an economic calendar and the weekly Week Ahead Report, making this the go to broker for trader seeking new knowledge. Education and Redearch Tools Compared With Other Brokers

Research & Education features Ava Trade eTorro IG Trading IC Markets Saxo Bank XM
Trading Signals No No No Yes No No Yes Yes
Educational Resources Yes Yes Yes Yes Yes Yes Yes Yes
Webinars Yes Yes Yes Yes Yes Yes Yes Yes
In-depth Market analysis Yes Yes Yes Yes Yes Yes Yes Yes
Personal Training and Trading room No No No No No Yes No Yes Key Features For Forex Traders:

  • Nr. of forex currency pairs: 91 forex pairs (CFDs)
  • Average spread (EUR/USD): 1.0 pips
  • Trading platforms: Proprietary, MT4, MT5, TradingView
  • Maximum leverage: 1:400
  • Regulators: FCA and CFTC
  • Islamic swap free account: NO
  • Micro lot trading: YES
  • Recommended experience Level: Average traders
  • Supported trading strategies: Algorithmic trading, bot integration

Read the full review

The Top Forex Brokers Compared

Key features of the top rated forex brokers are compared in the table below.

BrokerAvaTradeeToroPepperstoneIC MarketsForex.comSaxo Bank
Nr. of Forex Pairs654960+6191190
Spreads on EUR/USD0.9 pips0.9 pips0.6 pips0.6 pips1.0 pips0.7 pips
Trading PlatformsMT4, MT5, WebTrader, AvaGo eTorro appMT4, MT5, TradingView, cTraderMT4, MT5,, MT5SaxoTraderGo, SaxoTraderPro, TradingView, MultiCharts, UpData
Trading ToolsAva Social, DupliTrade, Mql5.comCopyTrader

IC Social, ZuluTrade, Myfxbook AutoTrade,
Mql5.comDepth Trader, Advanced trade ticket
Educational ResourcesFAQ Section, Videos, Education blogeToro AcademyTrading glossary, Videos, Education blogWebinars, Videos, Education blogTrading glossary, Education blogPersonal Training and Trading room, Webinars, Blog, FAQ
Customer SupportEmail, phone, live chatEmail, phone, live chatEmail, phone, live chatEmail, phone, live chatEmail, phone, live chatEmail, phone, live chat
Swap Free AccountYesYesNoYesYesNo
ECN Account Commission$3,00$2,00
EA tradingYesNoYesYesYesYes

How Business24-7 Selected The Top UAE Forex Broker?

Business24-7 selected the best forex brokers in UAE based on analysis and comparison of 174 online brokers available to UAE citizens and expats. The categories considered to analyse and compare the best forex brokers are listed below.

  • Number of forex trading instruments
  • Fees (spreads and commissions)
  • Accessibility (web, desktop, mobile app)
  • Trading tools & platforms (proprietary and third party integrations)
  • Research & education (number and depth of coverage)
  • Regulation (number of international financial regulators)
  • Islamic accounts availability (Swap-free accounts)
  • Customer support (accessibility and response time)

Tips To Help Choosing The Right Broker and Forex Trading Platform in UAE

Choosing the right broker helps users to avoid scam brokers, pay lover fees (spreads and commissions) and increase chances of profit. 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)

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 hours a day, five days a week (from Sunday evening until Friday evening). Forex trading 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.

Watch Our Quick Video Recap


This guide assesses 174 online brokers available in UAE and compares them across 8 categories. The best forex brokers in UAE are Avatrade, eToro, Pepperstone, Saxo Bank, IC Markets, and

Following our guide, it helps users to find a safe broker with a transparent and competitive trading environment. Avoiding unreliable brokers increase overall chances for profit.


How Do I Know If A Forex Broker Is Trustworthy? 

Trustworthy broker are licensed by top-tier financial authorities and have a scam free history record.

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.


eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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 is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is 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.


    • Hey Yara,
      this is really hard to say because the fees vary based on the account type, trading volume, currency pair etc.
      If you let us know which currency pair you are thinking of trading with we can get you the broker with the lowest fees for this pair.

    • Hey Amir,
      this depends on the brokers if they have KYC requirements in place. Overall this should not take longer than 2-3 days.
      eToro has in general the shortest on-boarding times and Saxo Bank has the longest.
      Hope that helps

  1. Do I need permission from a UAE bank for withdrawing and depositing money to a forex broker ..or before starting forex trading as UAE citizen?

    • Hi Jamsheer,
      yes, we recommend you contact your UAE bank – not because you would need to do that, but just to make sure the bank does not out a dispute on your account. Technically you are not trading money to the Forex broker so you should be all good, but in order to avoid any complications it works best to contact them upfront.
      Also If you are using a regulated broker from the UAE the broker will need to open an account for you and store your funding in that same account. It’s a segregated account and the broker will not be able to operate with that account. So if you want to be on the safe side make sure you are using a regulated broker (DFSA) or (SCA) and you should be fine.


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