There are numerous local and offshore brokers available in the UAE offering trading services for advanced traders. With the wide range of options, it can be tough to choose the best forex brokers for individual trading goals and needs.
To guide you safely through the selection process, we have researched, compared and evaluated the different broker and their services available in UAE to create a list of top choices. Weather you are searching for advanced order types, high maximum leverage, professional grade analysis tools or fast trade execution, our analysis considered the most important criteria for professional traders needs.
This guide assesses 46 online brokers offering advanced trading features. It helps users to review and compare the best options for their trading goals by providing a list of the best forex brokers in UAE for advanced traders.
Top 5 Forex Brokers in UAE for Advanced Traders
AVAtrade – Best for Advanced Forex Traders Overall
AvaTrade is our top forex broker for advanced traders because it offers a variety of trading platforms (including MetaTrader 4, 5) and support for advanced trading strategies including: algorithmic trading, swing trading and scalping. Other advanced trading features include live sentimental analysis tool, One-click trading, quick browser access and AvaProtect™ – a risk management tool that protects them from losses in case of bigger market swings.
AvaTrade also provides professional traders with a special forex position calculator to help them find the optimal entry and exit points and has Trading Central integrated for easier and faster technical analysis.
Avatrade is a popular forex broker among advanced traders also because of their low fixed spreads (0.9 pips on EUR/USD) and leverage of up to 1:400. On top of that Avatrade offers access to VPS servers that guarantee fast and reliable trade execution of under 40ms.
AvaTrade Key Features For Advanced Traders:
Broad Range of Forex Pairs – Traders have access to 55 forex pairs and 44 forex options to trade with AvaTrade.
MetaTrader 4 and 5 support – Both MetaTrader 4 and 5 are supported by AvaTrade.
Proprietary Web Trading Platform – For those looking to trade directly from their browser, AvaTrade has a proprietary web trading platform available.
VPS Availability – Advanced forex traders can use a specialized forex VPS so that they can decrease latency, increase the performance of automated trading, and maintain platform connectivity at all times.
Market Research and in-depth Analysis – AvaTrade offers its users multiple forms of technical, fundamental, and sentimental analysis tools, such as an economic calendar, a wide range of technical indicators, and detailed market sentiment graphs.
All Trading Styles Allowed – All trading styles, including day trading, scalping, hedging, and automated trading, are allowed at AvaTrade.
Multiple Order Types – AvaTrade allows traders to use market orders, limit orders, and stop orders.
IC Markets is among the best forex brokers for trading conditions because of their low spreads (0,0 pips), vast market coverage of different forex pairs and up to 500:1 leverage. Besides that, advanced traders have access to 20 MetaTrader 4 trading tools, (including an alarm manager, correlation matrix, and market manager) and an Equinix NY4 virtual private server that allows them to optimize their algorithmic trading strategies.
When it comes to trading, IC Markets support the usage of advanced trading styles including day trading and scalping. They also allow traders to keep up to 2,000 positions open simultaneously, and make use of one-click trading functionality.
IC Market charges low spreads of 0,0 pips (EUR/USD) on their ECN accounts plus a commission between $3 and $3,50 depending on the account type. This makes them a great choice for day traders and scalpers.
IC Markets Key Features For Advanced Traders:
Multiple Trading Platforms – Traders are allowed to trade with the advanced MetaTrader 4, MetaTrader 5, and cTrader trading platforms in conjunction with IC markets.
Broad Range of Forex Pairs – Advanced forex traders have access to over 60 different forex pairs.
20 MetaTrader 4 trading tools, – The correlation matrix, trade terminal, and sessions map are examples of exclusive MetaTrader 4 trading tools IC Markets has introduced.
Zero Spreads on Few Forex Pairs – Advanced forex traders don’t pay any spread on a few forex pairs with IC Markets’ ECN accounts.
Islamic Account Available – a special Islamic swap-free account is available for Muslim traders that doesn’t charge or pay swaps.
VPS Available – IC Markets provides all traders with a special forex VPS that reduces latency and ensures traders can deploy Expert Advisors as efficiently as possible.
IG Trading is a top forex broker for advanced traders because of their broad range of trading platforms and features. Those include MetaTrader 4, a proprietary platform called WebTrader and the L2 Dealer (the Direct Market Price Access (DMA) platform). The L2 Dealer allows traders to trade forex directly on the order books of international exchanges, view every order on the market, and compare market sentiment. Additionally, traders can schedule their entries, choose from a wide range of order types, and stay anonymous through order splitting. Trades can be placed manually or automatically through the use of IG Trading’s REST or FIX API.
The broker additionally provides users with advanced charting solutions including ProRealTime, which features over 100 indicators, the ability to build your own algorithms, and place orders according to trend lines instead of just on price movements.
IG also offers advanced forex traders rebates on their spreads, up to 90% lower margins, and the option to use up to 95% of their IG stock trading account as a margin for leveraged forex trades. Added to this, they get access to a personal account manager that offers one-to-one support.
IG users have access to 90 forex pairs with up to 200:1 leverage at spreads starting from 0,6 pips.
Advanced traders have access to extensive research and in-depth analysis through blog posts, podcasts, the MarketsLive video commentary, the economic calendar, and useful trading ideas based on current trader sentiment.
IG Trading Key Features for Advanced Traders:
Multiple Trading Platforms – IG Trading’s list of trading platforms includes MetaTrader 4, ProRealTime, and L2 Dealer. Additionally, the broker also has its own proprietary web and mobile trading platform.
Broad Range of Forex Pairs – Advanced forex traders have access to over 90 different forex pairs through IG Trading.
In-person Seminars – Traders can join in-person trading seminars to learn more about forex trading
Market Research and in-depth Analysis – IG Trading provides its users with an extensive range of market research and analysis tools such as an economic calendar, MarketLive commentary, daily trading news, technical indicators, and trade ideas.
Capital.com is a top choice for advanced mobile traders because the proprietary Capital.com app provides traders with live market updates, price alerts, accurate quotes, more than 70 technical indicators, and cutting-edge trading charts. Additionally, the app gives traders a full set of risk management tools, including multiple advanced order types.
Apart from a proprietary trading app, Capital.com also allows its users to trade through MetaTrader 4 and TradingView from their smartphone and/or tablet with up to 10 accounts simultaneously, including demo accounts to backtest strategies with.
Unlike most of its competitors, Capital.com doesn’t charge deposit or withdrawal fees or additional costs for its educational material, dynamic charts, and indicators. However, overnight fees and spreads still apply.
Through the extensive Analysis section on its website, Capital.com provides advanced forex traders with valuable insights through videos, explainers, daily market updates, and research articles.
The Capital.com professional account provides negative balance protection up to 50:1 leverage, but professional clients aren’t covered by the Investor Compensation Scheme. In total, traders have access to over 138 forex pairs with up to 500:1 leverage at 0% commission.
Capital.com Key Features for Advanced Traders:
Broad Range of Forex Pairs – access to 138 major, minor and exotic forex pairs
MetaTrader 4 Trading Platform – access to MetaTrader 4
TradingView Integration – Traders can trade directly from the charts and optimize their trading experience by connecting their Capital.com account with TradingView.
Multiple Automated Trading Options – Advanced forex traders are allowed to deploy Expert Advisors and use other forms of automated trading systems through MetaTrader 4, TradingView, and Capital.com’s available APIs.
Market Research and in-depth Analysis – Capital.com provides advanced forex traders with an extensive range of market research and analysis tools through daily market analysis posts, the Data Journalism center, the economic calendar, and a wide range of technical indicators.
XM is our top-rated forex broker for research and education because of their broad selection of market research, integrated trade ideas, technical summaries, webinars, educational videos and various trading tools. The XM Research and Education section offers access to an economic calendar, XM TV, podcasts, forex webinars, platform tutorials, and even a live trading room.
Besides great education and research features, XM users have access to 50 forex pairs, up to 1000:1 leverage and low spreads starting at 0,0 pips EUR/USD.
All XM trading platforms provide exclusive technical indicators for algorithmic technical analysis and support for Expert Advisors and other forms of automated trading. They also provide access to a free VPS service for faster and reliable trade execution and access to 8 accounts at the same time.
XM Key Features for Advanced Traders:
Excellent Research and Educational Tools – Forex traders have access to a broad range of research and educational tools
Multiple Accounts Allowed – traders can open and trade from 8 accounts simultaneously, even with expert advisors and other forms of automated trading software.
Great Algorithmic Trading Options – XM supports Expert Advisors, Robo Advisors, and other forms of automated trading
Very Good Option for Mobile Trading – Traders can install the XM app on both Android and iOS devices or trade via MetaTrader 4 or 5 from the smartphones
Live Trading Rooms – allow users to follow the trades from XM’s expert traders
VPS Available – users have access to XM’s free Virtual Private Servers to reduce latency and increase trade efficiency
Due to the wide range of available brokers, it can be stressful to compare and evaluate their offers to find the ideal provider. In order to make an optimal choice for their needs, traders need to research important data and compare them considering certain criteria.
This guide does the hassle for you by comparing and evaluating the top choices for professional traders. The results of our assessment of the best forex brokers in UAE for advanced traders are summed up in the table below.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…