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Best Forex Brokers In Oman 2021

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The best forex brokers in Oman are eToro, Pepperstone, Swissquote, Saxo Bank, XM, and XTB. Beginner Omani traders prefer the straightforward trading platform at XTB. Experienced traders prefer the professional banking services at Swissquote. Each forex broker has its advantages and disadvantages. Read more to find out why. 

This article discusses the best forex brokers in Oman in 2021. 

The Top 6 Forex Brokers Of 2021 For Omani Citizens  

Our review uses a Trust Score Ranking system. The brokers mentioned below are the best brokerage firms in Oman: 

  • eToro has the best offer for Omani citizens.
  • Pepperstone has the lowest trading fees for Omani traders.
  • Swissquote has the best banking services.
  • Saxo Bank has a professional forex trading platform.
  • XM has the best forex trading platform in Oman.
  • XTB has the best forex trading platform for beginner traders.

Best Forex Brokers in Oman 2021

RANKBROKERGENERALPLATFORM SCOREBEST FORWEBSITE
#1eToroBest overall offer4.9/5Best overall offerOfficial website
#2PepperstoneLow trading fees4.4/5Best for low feesOfficial website
#3SwissquoteBest UX4.8/5Best banking servicesOfficial website
#4Saxo BankBest for CFD trading4.8/5Professional PlatformOfficial website
#5XMBest for forex trading4.7/5Forex tradingOfficial website
#6XTBBest for beginners4.5/5Best for beginnersOfficial website

TOP 6 Forex Brokers in Overview:

01. eToro: The Best Overall Offer For Omani citizens

etoro-login

eToro is a safe online broker regulated by top-tier financial regulators. It is known for its multi-asset, features-rich trading platform, and advanced social copy trading features. This lets users copy trades and portfolios from other traders. Built in a forum-like way, it allows engagement between peers through a comment section.

eToro offers a range of CFDs over stocks, currencies, crypto, indices, and commodities. Trading spreads are wide, deposits are free. There are conversion and inactivity fees.  eToro provides a comprehensive list of technical tools, charts, and newsfeeds. Their customer support is available through email and live chat. 


02. Pepperstone: The Lowest Trading Fees 

pepperstone-logo-1

Based in Melbourne, Pepperstone is a reliable Forex and CFD broker, known for its diversity of trading platforms, industry-leading pricing, fast account opening, and great support. Pepperstone users can trade many assets including forex, CFDs, cryptocurrencies, indexes, shares, and commodities. This broker is excellent for traders at all levels, from beginners to advanced. 

Pepperstone offers MetaTrader and cTrader with multiple self-developed add-ons. They do not have a proprietary mobile platform, instead use MT4 and cTrader mobile apps. It has a low minimum deposit, great customer support, and an above-average research section, and an award-winning set of educational tools.


03. Swissquote: The Best User Experience And Banking Services 

Swissquote is the best beginner-friendly online broker for forex and CFD trading. It is reliable and well-regulated by top-tier authorities. The asset variety at Swissquote includes stocks, features, funds, and options.

Our review reveals that Swissquote has an excellent platform. It offers fast deposit and withdrawal, along with excellent research tools.


04. Saxo Bank: The Best Trading Platform For Experienced Traders 

saxo-bank-logo

Founded in 1992, Saxo Bank is a low risk, well-regulated bank by the FCA (UK), FINMA (Switzerland), ASIC, FSC (Australia), and JFSA (Japan). They are an excellent forex and CFD broker known for their intuitive SaxoTraderGO platform, competitive pricing, and more than 40,000 trading instruments. The overall user experience is great. The opening deposit is USD 10,000 ( GBP 500 for the UK, SGD 500 for Singapore). 

Saxo Bank provides a unique platform and competitive pricing. They combine high-quality in-house research with top-tier third-party providers to offer an outstanding research experience. Their customer service is outstanding. UAE citizens are offered the ability to trade in compliance with Sharia law using an Islamic account. Support is available in the Arabic language by email or directly in the local offices.


05. XM: The Best Forex Trading Platform In Oman

xm-forex-logo

XM.com is the best broker for forex and CFD trading. They offer the best Social Copy Trading opportunities through their full suite of MT4 and MT5 web, desktop, and mobile (Android and iOS) platforms. XM Forex tools and accounts are suitable for both beginning and experienced traders. They have more than 1.5 million clients in 196 countries.

Their minimum opening fees range from $5 to $100 based on account type. XM Forex supports clients wanting to sample their platform with a Demo account. They provide auto-trading, fast order executions, multiple order types, and no hidden commissions. Their research group Tradepedia offers courses aimed at all levels. XM Forex customer service group is highly rated with e-mail, phone, and live chat 24/5. XM Forex Global Web-trade is regulated by CySEC (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investment Commission), IFSC and is considered a safe broker for trading forex and CFDs.


06. XTB: The Best Beginner-Friendly Forex Trading Platform

XTB is a forex and CFD trader with a long track record on the market. It is highly regulated by the leading financial regulators, including the FCA and Cyprus’s CySec. XTB is listed on the Warsaw stock exchange.

This online broker has impressive research tools. Withdrawing and depositing funds with XTB is transparent and fast.


Final Verdict

eToro, Pepperstone, Swissquote, Saxo Bank, XM, and XTB are the best forex brokers in Oman. All brokers listed above have reliable trading platforms and have licenses from top-tier authorities. eToro is our top choice because of its well-rounded offering and world-class social trading features. Beginner traders will prefer XTB for the straightforward user interface, while advanced traders prefer Saxo Bank. Omani residents receive a premium trading experience and product range. Read about their services in our in-depth reviews.   

Frequently Asked Questions  By Forex Traders

We review forex brokers with real accounts and money. Our results depend on 105 criteria, like safety, educational resources, ease-of-use, and analysis tools.

How We Identify A Reliable Forex Broker?  

Account security is an essential aspect of our research. We chose the best forex brokers in Oman based on many factors. Fees, product range, and markets are some of the main aspects we discuss. 

Safety Risks For Omani Citizens    

Forex trading in Oman is legal but remains unregulated. Most traders opt for a brokerage firm licensed by a top-tier authority. The most respected forex trading licenses are from the ASIC, FCA, and CySEC. 

What Is The Financial Regulatory Authority In Oman?     

The financial regulatory authority in Oman is the Capital Market Authority. It oversees all Omani financial transactions, including forex trading. The CMA does not directly regulate forex trading in Oman. Read about the CMA on their official website

How We Chose The Top International Forex Brokers For Omani Residents?       

We choose the leading forex brokers for Iraqi residents after in-depth research across several categories. We use 105 data points within these categories: 

Costs:  A trustworthy Omani broker has a transparent fee structure. Some brokers have higher prices than others. Read our in-depth reviews to learn about the “all-in costs” of each broker. 

Trading account:  Each broker has different account types. Some Omani brokers offer a single account type. Others have several account tiers. Check what kind of account suits your trading needs by reading our in-depth reviews. 

Withdrawal and deposit:  Withdrawing and depositing funds should be simple. Some forex brokers have a minimum deposit fee. Others won’t charge an initial deposit for creating an account. Check which forex broker has the best withdrawing and depositing process in our in-depth reviews. 

Market and products:  Market and products differ from broker to broker. Some brokers offer a wide range of currency pairs, while other brokers focus on a limited set. Learn about forex brokers and their offerings in our in-depth reviews. 

Trading platforms:  The best trading experience starts with a user-friendly platform. Choose a broker with a reliable and simple-to-understand platform. The brokers reviewed above have excellent platforms, but some are difficult to use. Read our reviews to learn which platform is best for your trading experience. 

Our Methodology

We took the time to analyze and compare the top 30 international trading platforms in 2021. So, each firm received its review based on 105 distinct variables and more than 50,000 words of research.

Keep in mind that broker involvement was optional. Each broker had the option to provide a detailed profile and offer adequate time for a yearly update meeting. This opportunity came with two possibilities: giving information over the web or live in person.

We checked all the information provided by brokers with a lot of attention to details. Our purpose was to offer you access to reliable, accurate, and well-researched data. Our validation process comes with less than a 1% error rate per year, as all the reviews we share come with a focus on quality and not quantity.

Disclosure

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.

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Stefan Grasic (Dipl.-Jur) is the World Wide Director of research for Buisness24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active Crypto, Forex and general investment researcher advising blockchain companies at their start up level. He keeps fit by mountain biking, surfing, skiing and lots of other adrenaline sports.

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