Best Forex Brokers in UAE and Dubai 2022

Forex brokers in UAE act as middleman between forex traders and the currency markets allowing users to speculated on the future movement of a currency pair. Each broker is different and users might not have access to the same platforms and options.

It is important to know your preferences and style of investing before making a decision.

In this guide, we go over the best forex brokers in UAE. We have analysed and evaluated 174 top forex brokers in 8 different categories to make your decision easier. Brokers that reached the highest scoring are considered in the following list:

Best Forex Brokers United Arab Emirates – List

• AVAtrade –  Best forex broker overall and best for fixed spreads
• eToro – Best Broker for Beginners and copy trading
• Capital.com – Best For Mobile Trading and best for research and Education
• IC Markets – Lowest Fee Broker, Best for Day Traders and Scalpers
• Forex.com – Best Forex Trading Platform in UAE
• Saxo Bank – Best forex broker for Professional and High Volume Traders

Best For Overall

Rating: 4.9/5

★★★★★

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Best For Beginners

Rating: 4.8/5

★★★★★

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Best For Mobile

Rating: 4.8/5

★★★★★

More Information

Top UAE Forex Brokers Reviewed

Below is a detailed breakdown of all of the best forex brokers in UAE including pros, cons and key takeaways. This might help you choosing the right broker based on your knowledge level and trading style.

01. AVAtrade: Best Forex Broker For Fixed Spreads & Best Forex Trading Platform

Offering low fixed spreads (starting from 0.9 pips), 8 different trading platforms and third party integrations including TradingView and Trading Central, it is easy to understand why AvaTrade is a popular broker for all forex and CFD traders in UAE.

The AvaTrade platform is compatible with the full MetaTrader suite (MT4 and MT5) which makes it supportive for different trading styles including short selling, scalping and also allows trader to use Expert Advisors, trading bot scripts, and other trading software to automate their trades. While this are great features for algorithmic traders, beginners will more likely welcome their automated trading features AvaSocial, which are compatible with ZuluTrade and DupliTrade.

Trading Account Types 

AvaTrade offers 5 different account types:

• Retail Account and Standard Account allows forex, CFD, and crypto trading with up to 1:30 leverage while the Professional Account allows trading with up to 1:400 leverage. 
• Demo Account allows practice trading with a virtual balance and to familiarise yourself with AvaTrade’s trading platform and user interface.
• Islamic Account is a swap-free trading account that only allows users to trade and invest in Halal assets. AvaTrade doesn’t charge any Riba on Islamic accounts.

In addition to the basic, AVAtrade offers advanced account types: the Spread Betting Account, the VIP Account, the Options Account, the Corporate Account, the MAM/PAMM Account, and the Partner Account.  

Spreads

As a market-maker broker AVAtrade charges low fixed spreads starting from 0,9 pips (EUR/USD) and no commission-on CFD stock and cryptos, what makes the overall cost of this broker very low.

The table below shows how low AvaTrade’s trading fees are compared to other brokers.

Broker	AvaTrade	Capital.com	eToro	IG	IC Markets	Saxo Bank	Forex.com	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

Deposits and withdrawals are free of charge. The minimum deposit is $100. They accepts bank wire transfers, credit cards, and e-wallets like Neteller, Skrill, and WebMoney as deposit methods.

Assets

Below are the different assets available with this forex broker:

• 55 forex currency pairs including all major, minor, and most exotic pairs
• 632 stocks as CFDs
• 59 funds & ETFs
• 16 cryptos
• 27 commodities
• 33 indices
• 44 options

The brokers also offer access to vanilla options on forex and gold sets. They have a separate trading platform for options called AvaOptions, where users can trade options with pre-defined expiration dates at low premiums. The only real drawback of AVAtrade is, that all assets are only available as CFDs, meaning users can trade with real assets.

Trading Platforms

AvaTrade offers 8 different 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.

All available platforms allow the usage of Expert Advisors, APIs, and other automated trading software for trade automatisation, which makes AVAtrade an interesting options for algorithmic traders.

Based on the vast selection of different platforms, casual to advanced trading features and supportiveness for all major trading strategies, AVAtrade was nominated to our list of the most recommended trading platforms for forex trading in UAE.

Regulation

AvaTrade is a globally operating broker regulated by multiple tier-1 financial regulators including the ASIC, CySEC, and FCA. It is also regulated by two UAE local regulators: Abu Dhabi Global Markets (ADGM) and Financial Regulatory Services Authority (FRSA) which makes it a safe choice for all UAE forex brokers.

Customer Service

AvaTrade’s customer service available 24/7 in English and Arabic. Users can contact AvaTrade’s customer service by email, live chat, phone and even through WhatsApp, which is why AVAtrade is among the best forex brokers when it comes to support.

Whatsapp

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02. eToro: Best Forex Broker For Beginners

eToro features an easy to use trading platform, commission-free stocks and with 25 Million users the world’s largest social trading community in the industry. That said it is easy to understand why, eToro is a popular broker to consider for beginners and casual traders.

eToro makes it easy to find successful traders to copy their trades or even whole portfolios by revealing performance stats of each trader. This enables beginner to copy trades of professional traders instead of picking their own trades. If you are looking for some hand holding on your first steps in the financial markets – this is a great option to check!

Trading Account Types

eToro offers 4 different account types:

• Professional account: requires users to pass a test for professionals and a minimum deposit of $10,000.
• Retail account: is the standard account type providing access to all assets and trading options including self directed and copy trading
• Demo account: enables users to test their trading strategies and features before investing real money
• Islamic swap-free account: enables traders to trade according to Sharia law

All eToro account types allow users to trade:

• forex with up to 1:30 leverage
• gold and other commodities with up to 1:10 leverage,
• non-major forex pairs with up to 1:50 leverage,
• CFDs on stocks and ETFs with 1:5 leverage, and
• CFDs on crypto with up to 1:2 leverage

Account opening with this forex broke is easy and straightforward, meaning that you get verified and approved in under 60min. Deposit and withdrawals are free of charge and minimum deposit starts at 200 AED. Funding is possible using wire transfer, credit card, or e-wallets including PayPal, Neteller, or Skrill.

Spreads

eToro charges low fixed spreads, starting from 0,9 pips on EUR/USD, which allow forex traders to know exactly how much their current position costs. They also charge a $10 monthly inactivity fee and a $5 withdrawal fee every time users withdraw funds from their account. Additional currency conversion fees of 0.1% may apply if you withdraw any other currency than USD, which makes eToro’s overall cost structure slightly higher compared to other forex brokers.

Assets

If you are a forex trader that likes a great diversity of assets you will appreciate the broker offering a wide range of over 5,000 financial instruments including:

• 49 Forex pairs including all major and minor currency pairs, exotic pairs, and cryptocurrency pairs
• 2800 Shares
• 2800 Stocks as CFDs
• 264 Funds and ETFs
• 54 Commodities
• 250 Indices
• 32 Cryptocurrencies

eToro also offers fractional shares and allow users to trade real stocks and cryptos (non CFDs).

Platforms

eToro’s “winning horse” is their user friendly trading platform called Web Trader. It features an easy-to-use search bar, filtering system, watch list, multiple charting options and order types which make this an interesting option for beginners. The platform also offers risk management tools like stop losses, take profits, and trailing stop losses.

The biggest drawback is that eToro does not support technical indicators, complex order types, or Expert Advisors, and isn’t compatible with MetaTrader 4, MetaTrader 5, cTrader, or any other external trading platform or automated trading software. For this reason, professional traders might find it laking on customisation options. 

Research and Education

eToro research and education section offers extensive market and educational materials in two different sections:

• eToro Plus gives traders daily insights in the form of technical and fundamental analysis and
• The Bull Club is a daily podcast hosted by eToro where you can listen to financial leaders and successful investors

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. 

Regulation

eToro is regulated by 3 tier one regulators including the FCA, ASIC and CySECA. They are not licensed by the UAE local regulators: DFSA or the ADGM, which can be a drawback for UAE forex trader looking for protection from the financial compensation fund by the UAE Central bank.

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03. Capital.com – Top Rated Forex CFD Broker (Best CFD Platform and App)

Access to 3 different mobile apps (Trading app, Investmate app and MT4), plus TradingView integrations, make Capital.com rank among the best CFD trading platforms & apps in UAE. They also offer users an extensive education section, access to over 6,000 tradable instruments and leverage of 1:500 on professional accounts. This makes Capital.com finishing among the best forex brokers for mobile traders.

Account Types

Users have access to 4 different accounts as retail and professional. The different account types are Standard, Plus, Premier, and Invest which have different minimum deposit requirements, but the same maximum leverage ratios and spreads (0.6 pips and 1:30 leverage ratio)

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

Capital.com doesn’t offer Islamic accounts, which is a drawback for Muslim traders looking to trade in compliance to Sharia law.

The minimum deposit to open a trading account with Capital.com is 70 AED. The maximum leverage is 1:30 for retail traders and 1:500 for professionals. Account funding and withdrawal are free of charge and available by wire transfer, credit card, Apple Pay, Google Pay, and e-wallets such as PayPal, Neteller, and Skrill.

Spreads

Although Capital.com offers commission-less stock trading and charges very competitive spreads on forex pairs (as low as 0,6 pips) its spreads on CFD products (0.3-1,5%) are wider compared to other brokers. They also charge overnights (2%) and currency conversion fees, which makes the overall costs of this broker industry average.

Assets

Capital.com supports over 6,000 tradable symbols including:

• 138 forex CFDs
• 1,000 stocks and 3600 stocks as CFDs
• 33 commodity CFDs
• 130 Indice CFDs
• 29 cryptocurrency CFDs

While users have access to 1,000 real stocks all of the other assets are only available as CFDs. This is the reason why Capital.com is an interesting choice for CFD traders at all levels.

Platforms

Capital.com offers 3 different trading platforms:

• Capital.com in-house app
• MT4 for desktop and mobile
• TradingView web version

All of the platforms provide access to real-time price quotes, dynamic charts, order book information, and basic risk management tools such as stop losses and take profits allowing clients to employ different trading strategies. Users can also place market, limit, and more advanced conditional orders such as OCO, IOC, and Retry Until Filled.

Research and Education

Capital.com provides access to in-depth research, analytics, insights, and trading news for all types of traders. The most notable research and education features are:

• Investmate – a handy trading and investment educational app and
• Capital.com TV – a trading tutorial and webinar video channel.

While the education section is lacking more complex materials and will not satisfy most of advanced traders, it offers a solid ground for beginners to start with.

Customer Service

Customer support is available 24/7 by email, live chat, phone, WhatsApp, Telegram, and Facebook Messenger in English and Arabic.

Regulation

Capital.com is regulated by 4 tier-1 financial regulators including the FCA, FSA, ASIC, and CySec which makes it a safe broker to invest with. The company has no offices in Dubai, which might be a drawback for local forex traders.

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04. IC Markets – Best for Day Traders and Scalpers

Account Types

IC Markets offers 5 different account types to UAE traders:

• Standard Account: is the basic account with a minimum deposit of $200, spreads from 1.0 pips that supports all trading styles
• Raw Spread Account: is the standard trading account with average spreads of 0,0 pips on EUR/USD that allows trading with up to 1:500 leverage, and is compatible with both MetaTrader 4 and 5.
• cTrader Raw Spread Account: has the same features as the raw spread account, but is available in conjunction with cTrader only
• Islamic Account: is the swap-free account where holders do not pay or earn any interest
• Demo Account: is the free paper trading account that helps users to familiarise with the brokers trading platform and features

Account opening starts at $200minimum deposit. Withdrawal and deposits are free of charge, available through credit cards, wire transfers, or e-wallets including PayPal, Neteller, and Skrill.

Spreads

With 0,0 pips minimum spread and a fixed commission of 3,5 per lot, IC markets has the lowest trading fees in the industry. They have 2 different pricing structures, based on the account type:

1. 0,6 pips minimum spread and no commission on the standard MetaTrader 4 or 5 account
2. 0,0 pips minimum spread and a fixed commission of 3,5 per lot on the Raw Spread and cTrader Raw Spread accounts

Assets

IC Markets allow users to trade on over 4500 symbols including:

• 61 forex pairs,
• 25 indices,
• 20 commodities,
• 1800+ stocks as CFDs,
• 9 bonds,
• 21 cryptocurrencies, and
• 4 global futures

All assets are available as CFDs only, meaning that users are not able to buy real stocks and cryptocurrencies.

Trading Platforms

IC Markets offer 6 different trading platforms:

• WebTrader -the proprietary desktop platform
• IC Markets Mobile App – the proprietary mobile app
• MetaTrader 4 and 5 – third party platforms
• cTrader – third party platform
• Myfxbook AutoTrade, and ZuluTrade – third party platforms

As a STP/ECN broker, IC Market sources its pricing from external liquidity providers, which allows users access to deep liquidity and automated trading software (Expert Advisors).

The table below compares IC Markets’ trading platform and tools with the other brokers from our list:

Broker	AvaTrade	Capital.com	eToro	IG	IC Markets	Saxo Bank	Forex.com	XM
MT4	✓	✓	✘	✓	✓	✘	✓	✓
MT5	✓	✘	✘	✘	✓	✘	✘	✓
cTrader	✘	✘	✘	✘	✓	✘	✘	✘
TradingView	✘	✓	✘	✘	✘	✓	✓	✘
Proprietary Platform	✓	✓	✓	✓	✓	✓	✓	✓
Mobile Platform	✓	✓	✓	✓	✓	✓	✓	✓
Web Platform	✓	✓	✓	✓	✓	✓	✓	✓
Proprietary Social Trading	✓	✘	✓	✘	✓	✘	✘	✘
ZuluTrade	✓	✘	✘	✘	✓	✘	✘	✘
DupliTrade	✓	✘	✘	✘	✓	✘	✘	✘
Automated Trading	✓	✓	✘	✓	✓	✓	✓	✓
Scalping	✓	✓	✓	✓	✓	✓	✓	✓
VPS	✓	✘	✘	✘	✓	✘	✘	✓

Research and Education

IC Markets has an extensive research and education centre featuring video tutorials, webinars and podcasts. It also provides forex calculators, economic calendars and hosts a daily market analysis blog. 

Customer Service

Regulation

IC Markets is a reputable online broker regulated by tier one regulators including: ASIC, CySEC, FSA, SCB and is therefore considered safe.

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05. Forex.com – Best MetaTrader Forex Broker

Forex.com is a publicly traded company on the NASDAQ: SNEX and is regulated by four tier-one financial regulators. Their highly intuitive web based trading platform is available across all browsers and operating systems (Mac, Windows, iOs and Android), it offers fast trade execution speeds (50ms) and third party integrations that allow traders to employ different trading strategies (TradingView, Trading Central, MT4 + MT5).

Account Types

Forex.com offers 5 different account types: the Standard Account, Commission Account, STP Pro Account, MetaTrader 4 Account, and the Demo Account. All trading account types offer access to financial instruments across all asset classes including cryptocurrencies, indices, commodities, and leveraged trading with up to 1:30 for retail and up to 1:400 for professional traders. 

Spreads

This broker has 3 different pricing structures – one for each account:

• Low variable spreads from 1,0 pips on EUR/USD on the Standard Account
• Low variable spreads from 0,2 pips plus a $5 per lot commission on the Commission Account
• Level 2 spreads as low as 0,1 pips plus commission starting at $60 per million traded on the STP Pro account

Assets

Forex.com allows users to trade on over 9500 financial instruments including:

• 91 forex currency pairs,
• 9500 stocks as CFDs
• 8 cryptocurrencies and CFDs
• 22 Commodities as CFDs
• 17 Indices as CFDs

The SMART signals app allows users access to free trading signals for forex trading, which increase the chance of their overall profitability.

Platforms

Forex.com offers three proprietary forex 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. 
• Forex.com app – is the mobile version and reassembles both desktop platforms in look and feel. Its available on both Android and iOS devices.

Forex.com platforms are compatible with MetaTrader4 and users have access to beginners and advanced trading features including smart trade ticket system, advanced risk management options, pre-defined and customizable layouts, dynamic charting, and one-click trading.

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.

The below table compares all forex brokers from our list based on their offering of research and educational mateirals

Research & Education features	Ava Trade	Capital.com	eTorro	IG Trading	IC Markets	Saxo Bank	Forex.com	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

Customer Service

Customer service is available from Sunday 10:00 am to Friday 5:00 pm by email, phone, and live chat in English.  

Regulation

Forex.com is regulated by the FCA, IIROC, JFSA, CFTC and is publicly traded on the NASDAQ: SNEX. It is not licensed by the local UAE regulators ADGM or DFSA, meaning that potential losses of funds will not be covered by the investor compensation scheme protecting UAE traders.

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06. Saxo Bank: Leading Forex Broker for Professional and High Volume Traders (Great Availability of Assets )

Saxo Bank is a well-known bank that offers professional brokerage services to both individual and institutional traders. They allow users to trade on over 60,000 financial instruments, including 200 forex currency pairs and low spreads starting at 0,7 pips (EUR/USD) that even get lower if the volume increases. If you are a professional investor or high volume trader looking for complex order types, competitive fees and great market coverage, Saxo Bank might be a great forex broker to consider.

Account Types

Saxo Bank offers a great diversity of accounts types: the Saxo Account, Joint Account, Corporate Account, and the Professional Account. All accounts guarantee users access to all asset classes, managed portfolios, and crypto ETPs. While retail account offer leverage trading up to 1:30, professional account holder can trade with up to 1:500 leverage.

The minimum deposit required to open a live account is $2,000 and can be funded by credit cards and bank wire transfers. Saxo Bank does not offer a demo paper trading account, which can be a drawback for beginners that want to test the platform before investing real money.

Spreads

With classic account holders paying an average spreads of 0,7 pips (EUR/USD) and Platinum + VIP account holders paying average spreads of 0,5 pips (EUR/USD), Saxo Banks trading fees are low.

Saxo Bank charges a fixed commission of 0,08%, 0,05%, and $2 on stocks and ETFs, bonds, commodities and options.

Assets

Saxo Bank allows users to trade on over 60,000 financial instruments, which makes them finish among the best forex brokers for availability of assets. Those include:

• 30,000 stocks and 19,000 stocks as CFDs
• 5800 Funds and ETFs
• 9 Crypto coins
• 4200 Bonds
• 50 Commodities
• 50 Indices
• 3000 Options
• 300 Futures
• 200 forex currency pairs

Check the below table to see how Saxo Bank compares to our other best forex brokers in terms of available assets.

Broker	Saxo Bank	AvaTrade	Capital.com	eToro	IG	IC Markets	Forex.com	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

Platforms

Saxo Bank features two in-house platforms; SaxoTraderGO and SaxoTraderPRO which both offer enhanced trade tickets, fundamental and technical analysis tools, dynamic charting features, option chains, and performance analysis tools. Both platforms are fully customizable (PC and MAC) and compatible with third-party tools ( MultiCharts, TradingView, Updata and Dynamic Trend), which gets them a spot among the best forex trading platforms in UAE.

Saxo Banks’s Fix and Open APIs allow algorithmic traders to deploy Expert Advisors and other automated trading software. Being one of the world’s largest market makers, Saxo Banks ensures deep liquidity and instant order fulfilment.

Research and Education

Saxo Banks research and education section is stacked with high-end educational materials. The sections features:

• The daily Morning Brew and SaxoStrats which provide users with the latest insights of Saxo Bank’s financial experts
• The weekly Market Call Podcast, which provides videos, and webinars to keep users updated on the global markets.

Customer Service

Saxo Bank customer service is unparalleled and is 24/7 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 from top-tier market strategists. 

Regulation

Saxo Bank is both DFSA and ADGM-regulated and has a representative office in Dubai that is licensed by the Central Bank of the UAE. This makes them a extremely safe forex broker to trade with.

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How To Choose The Best Forex Broker in The UAE?

The main criteria to consider when choosing the best forex brokers in UAE include: trading platforms, fees, mobile trading, deposits & withdrawals, assets, regulation, research & education and customer support.

Forex Trading Regulation in UAE

You will want to choose the best forex broker based on their regulatory status and licences. The general regulation of the UAE forex brokers is split up into two local regions: 

1.Dubai International Financial Centre (DIFC) and

2.The rest of the UAE

Forex brokers from in UAE must comply with international norms, and follow regulations from four main entities: 

1. The main regulatory body for the Dubai region is the DIFC, which is a global financial center. As a financial free zone regulated by Dubai Financial Services Authority (DFSA), it offers top-tier financial services. DIFC stands for Dubai International Financial Center, and it is a leading financial services provider. 

Brokers working in the DIFC follow regulations enforced by the DFSA, and operations outside the zone are overseen by the Central Bank, or the Securities and Commodities Authority (SCA).

Please note the SCA is the only regulator for CFD trading in the UAE.

Retail trading operations in the DIFC must follow these rules:

 

The DFSA helps traders in the UAE learn the regulatory status of a broker and helps retail traders avoid scams. DFSA regulated brokers can’t accept US-based clients.

2. The main regulation authority in UAE is the Central Bank of United Arab Emirates (CBUAE).

The CB of the UAE works with the SCA to ensure fair market conditions, and protect traders and investors. It grants licenses to financial firms, including forex brokers. Once licensed, the CB of the UAE ensures that brokerages deliver top-tier services to clients. UAE forex brokers must meet two requirements to gain a license: 

• 1 to 3 million Dirham required as minimum capital, depending on services offered
• 60% or more of total paid-up capital owned by UAE entity

An offshore broker can open a local business to serve traders in the UAE. 

Quick Tips for Beginners

If you are new to forex trading, there are a few things you need to consider before choosing the best forex broker. Signing up with the right broker, with the right trading features and fees, can make the different between you making profit and you constantly loosing money.

Star With a Demo Account

If you have no prior experience with forex trading, always remember that you can start with a forex broker that offers a demo account option. This allows you to get a feel for the platform and to test your trading strategy using virtual money, before diving in with your life savings.

Go For Fixed Spread Instead of Variable Spread Brokers

As a forex trader, you want your broker to charge fixed spreads, because this allows you to know exactly how much your current positions cost. As a beginner you should avoid brokers offering variable spreads, which are sensitive to volatile price movements and can greatly increase your overall trading fees.

Don’t Fall For The Leverage Game!

Most of the best forex brokers from our list offer leveraged currency trading to some extend. As promising as it sounds to trade with borrowed money, its nothing that beginners should make use of. Always remember to start small and test what works, before you open bigger positions. A good rule of thumb is setting the limit at 10-15% of you annual income.

Some Features Will Make Your Life Easier

It is important to understand that different brokers offer different features. If you are new to trading you should look out for:

• Simple buy and sell options: make it easy to open and close trades
• Social copy trading features: allow you to copy trades from professional traders with a great trading record
• Responsive customer service: allows you to get support from professionals when needed
• Extensive education materials: give you access to education materials that can step up your game

How to Check SCA Authorisation

UAE forex traders and investors need to contact the SCA directly in order to verify authorisation of the best forex brokers in UAE.

Summary 

Having the lowest fixed spreads, great diversity of platforms and access to third party integrations that support a variety of different trading styles for beginners and advanced, we found that AVAtrade is the best forex brokers in UAE.

Make sure you do your own research before signing up with any of the brokers. Going through our guide is a great starting point to decide which broker is best for you. Remember if you are not sure, always start with a demo account before investing real money.

FAQ

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Methodology
The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of the best forex brokers. Trading platform, fees, mobile trading, payments, assets, regulation,
education and research are all part of our six-month evaluation of a broker’s account.The rating scale was based on thousands of data points that have been weighted into the scoring system. Brokerages were required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online brokers we reviewed. Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Disclaimer
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.