This guide helps users to compare and find the best low minimum deposit forex brokers in the UAE. Low minimum deposit brokers are popular among beginner traders, allowing them to trade with lower budgets and less capital risk. However, with the variety of UAE brokers offering low minimum deposits, finding the ideal platform for users’ needs can be challenging.
To help traders make the right choice, the services of available providers have been assessed considering minimum deposit requirements, spreads, number of forex pairs, micro-lot, and cent account availability.
This guide compares 5 providers for users to review and find the optimal forex broker for their needs. To help them make an informed decision, a list of the best low minimum deposit forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.
Page Summary
Top Low Minimum Deposit Forex Brokers in UAE
- eToro ($50 USD) – Best for Social or Copy Trading
- FXTM ($10) – Ideal for Forex and Automated Trading
- XM ($5 USD) – Top Choice of Trading Platforms/Best for Research and Education
- Pepperstone ($0 USD) – Best for Low Spreads
- CMC Markets ($0 USD) – Great for Advanced Forex Traders
Best Low Minimum Deposit Forex Brokers in UAE Reviewed
Below is a detailed review of the UAE’s best low minimum deposit forex brokers.
1. eToro – Best for Social or Copy Trading
BEST FOR: Social & Copy Trading
LEVEL: Beginner
FX PAIRS: 49 major, minor, exotic
MIN DEPOSIT: $50 USD
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is an international multi-asset broker founded in 2007. You can trade on over 5,500 financial instruments, including 40 major forex pairs. UAE-based traders can open a regular, Islamic, and micro-lot trading account with a $50 USD minimum deposit.
eToro’s proprietary trading platform (WebTrader) is easy to use, offering basic trading features, simple order types, and a social or copy trading app. Advanced traders, on the other hand, will be missing professional forex trading features like Level 2 order book data, conditional order types, and in-depth technical analysis tools.
eToro charges average spreads from 0.9 pips EUR/USD without extra commission. The broker charges additional non-trading fees, including an inactivity fee, a $5 withdrawal fee, and currency conversion fees).
eToro is licensed and regulated by 3 Tier-1 regulators, including the Financial Conduct Authority (FCA), the Cyprus Securities Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC), making it a safe and reliable broker.
The eToro customer support is available in English and Arabic via email and live chat.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
2. FXTM – Ideal for Forex and Automated Trading
BEST FOR: Best for Forex and Automated Trading
LEVEL: Beginner
FX PAIRS: 60 currency, 250 CFDs
MIN DEPOSIT: $10 USD
FXTM is a forex and CFD broker founded in 2011. It allows users to trade over 60 currency pairs and over 250 CFDs on commodities, precious metals, indices, and stocks. Their low minimum deposit requirement of $10 allows you to start small and take lower capital risk.
FXTM supports the full MetaTrader suite (4 and 5) and enables users to trade forex and other assets with Virtual Private Servers (VPS) for optimal trade execution speeds (under 40 MS). Additionally, FXTM allows the usage of Expert Advisors (EAs) and other automated trading software.
FXTM charges low, fixed spreads, starting at 1.5 pips on EUR/USD. Micro-lot trading is available, and spreads are priced in 5 decimals.
FXTM’s non-trading fees include a $5/month inactivity fee after 6 months of inactivity and currency conversion fees (accounts can only be held in USD). The broker’s financing rates are competitive, with EUR/USD clocking in at 2.6%.
FXTM allows users to trade forex and CFDs on precious metals with up to 1:30 leverage. Additionally, the broker provides micro-lot trading, which means users can open trades from as little as 0.1 lot or 1,000 units of any base currency.
All FXTM accounts can be converted to Islamic, swap-free accounts and receive extended swap-free status for Muslims who want to trade according to Sharia Law. Additionally, the broker offers all users a free unlimited demo account to practice their trading skills and strategies.
FXTM is licensed and regulated by 2 Tier-1 regulators, the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), guaranteeing it is a safe and reliable forex broker.
The FXTM customer support is available 24/7 in English via email, live chat, Twitter, Telegram, and Facebook Messenger.
80% of retail CFD accounts lose money
3. XM – Top Choice of Trading Platforms/Best for Research and Education
BEST FOR: Choice of Trading Platforms
LEVEL: Moderate
FX PAIRS: 50 forex pairs, 1,200 CFDs
MIN DEPOSIT: $5 USD
XM is an internationally operating forex and CFD broker founded in 2009. With over 10,000,000 clients it is one of the biggest and most trusted online brokers in the industry. XM users can trade on over 50 forex pairs and 1,200 CFDs on stocks, commodities, equity indices, precious metals, and energies. The minimum deposit requirement for UAE-based traders across all account types is $5 USD. low minimum deposit. All account types (Zero, Ultra Low Standard and Ultra Low Micro) can be converted to Islamic swap-free accounts that allow trading according to Sharia Law.
XM offers a wide range of forex trading platforms including a proprietary web version (webTrader), MetaTrader 4, MetaTrader 5 and Multiterminal, MetaTrader 5, the XM app for both iOS and Android.
They all allow micro-lot trading and offer excellent technical indicators for an improved trading performance (Ribbon, River, and Ichimoku indicators). Advanced traders will thrive of their VPS service that reduces order execution times and optimize their accounts with Expert Advisors (EAs).
XM charges average spreads from 0.1 pips EUR/USD without any extra commission on its standard account. The broker’s additional charges in the form of non-trading fees (a $15 inactivity fee and currency conversion fees), still keep it a low-cost broker.
XM’s licences from 4 tier one regulators including the DFSA, CySEC, ASIC, and FCA which make it a trustworthy and reputable broker.
XM’s customer support is available 24/7 via email, live chat, and by phone.
75.59% of retail CFD accounts lose money
4. Pepperstone – Best for Low Spreads
BEST FOR: Best for Low Spreads
LEVEL: Moderate
FX PAIRS: 60 forex pairs, 1,200 financial instruments
MIN DEPOSIT: $0 USD
Pepperstone is an Australian forex and CFD broker founded in 2010. You can trade over 1,200 financial instruments, including over 60 forex pairs. The minimum deposit requirement for UAE-based traders across all account types (Standard, cTrader Razor, and TradingView/MetaTrader Razor) is $5 USD.
Pepperstone has an excellent range of forex trading platforms including cTrader, TradingView, MetaTrader 4, and MetaTrader 5. They offer basic and advanced trading features, including multiple order types, micro-lot trading, and technical analysis tools (indicators and drawing tools).
Pepperstone’s forex trading fees are among the lowest in the industry. They charge spread from 0.2 pips EUR/USD on the Razor account and 1.0 pips EUR/USD on the Standard accounts. The broker also charges currency conversion fees on all transactions different from the account currency.
The only non-trading fees Pepperstone charges are currency conversion fees (on all transactions that are not in the currency set in your account settings), making it a low-cost broker overall.
Pepperstone has licences from 3 Tier-1 regulators, including the Dubai Financial Services Authority (DFSA), Financial Conduct Authority (FCA), and the Australian Securities & Investments Commission (ASIC), which makes it a safe and trustworthy broker.
Pepperstone customer support is available 24/7 via email, live chat, and by phone.
74-89% of retail CFD accounts lose money
5. CMC Markets – Great for Advanced Forex Traders
BEST FOR: Best for Advanced Forex Traders
LEVEL: Advanced
FX PAIRS: 300 forex pairs, 35,000 financial instruments
MIN DEPOSIT: $0 USD
CMC Markets is a UK-based forex and CFD broker founded in 1989. You can trade over 35,000 financial instruments, including over 300 forex pairs. The minimum deposit requirement for UAE-based traders is $5 USD.
CMC Markets’ range of trading platforms includes the broker’s Next Gen CFD trading platform, MetaTrader 4, CMC Markets Invest, and CMC Markets Invest Pro.
MetaTrader and Next Gen users can access premium add-ons like Sentiment Trader, Mini Terminal, and AutoChartist. All platforms support micro-lot trading with lot sizes of 1,000 units per base currency.
CMC Markets charges average spreads from 0.7 pips on EUR/USD without any hidden commissions. The broker’s non-trading fees include a $10/monthly inactivity fee and currency conversion fees (on all transactions, deposits, and withdrawals, not in the currency set in your account settings), making CMC markets fees average.
CMC Markets is licensed and regulated by 3 Tier-1 regulators, including the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Australian Securities & Investments Commission (ASIC), making it a trustworthy broker for UAE traders.
CMC Markets customer support is available during market hours in English through email, live chat, and by phone.
65% of retail CFD accounts lose money
How To Choose The Best Low Minimum Deposit Forex Broker in UAE?
Criteria for selecting the ideal low minimum deposit forex brokers in UAE are listed below.
- High number of forex currency pairs – You should prefer brokers with a wider range of currency pairs. These allow better portfoloio diversification and investment flexibility.
- Low minimum deposit requirement – Brokers with lower minimum deposit requirements allow easier entry and trading with less capital risk involvement.
- Availability of cent and micro lot accounts – Cent and micro lot accounts allow you to trade on smaller positions (below one lot) and should be preferred by beginners.
- Competitive pricing (spreads and commissions) – Broker with lower spreads and commissions offer greater chances for profitable trading and should be preferred.
- Wide range of platforms and features – 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 you to select a broker with the optimal trading platform and features.
- Extensive educational materials – Beginners and intermediate trader looking for improve their trading skills should prefer brokers with vast educational materials.
- Responsive customer support – A professional and responsive customer support allowes faster dispute resolution and increases chances for profitable trading.
Top Low Minimum Deposit Forex Brokers Compared
The highest-rated low minimum deposit forex brokers in UAE are compared in the table below.
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.
| Broker / Feature | Nr. of Forex Pairs | Regulation | Min. Deposit | Cent/micro lot accounts | Leverage | Fees (spread on EUR/USD and commissions) | Open an Account |
| eToro | 40+ | FCA, CySec, ASIC | $50 | Yes | 1:30 | 0,9 pips | Click Here |
| FXTM | 50 | FCA, CySec | $10 | Yes | 1:2,000 | 1,5 pips + $3,50 commission or 0,2 pips | Click Here |
| XM | 55 | DFSA, FCA, CySEC, ASIC | $5 | Yes | 1:1,000 | 1,0 pip or 0,1 pip + $3,50 commission | Click Here |
| Pepperstone | 60+ | DFSA, FCA, ASIC | $0 | Yes | 1:500 | 1,0 pip or 0,2 pip + $3 commission | Click Here |
| CMC Markets | 300+ | FCA, CySEC, ASIC | $0 | Yes | 1:500 | 0,7 pips | Click Here |
What Are Low Minimum Deposit Forex Brokers?
Low minimum deposit forex brokers are brokers that require smaller deposit amounts to open a live account and start trading. These brokers normally allow users to open smaller trades (1,000 units of base currency) compared to traditional trading accounts.
What are the Pros And Cons of Low Minimum Deposit Forex Brokers?
The pros and cons of low minimum deposit forex brokers are listed and compared below.
Pros of Low Minimum Deposit Forex Brokers:
- Accessibility: Low minimum deposit forex brokers allow users to trade with smaller amounts of capital, significantly reducing the risks of losing money.
- Risk Management: Trading with lower amounts allows overall better risk management.
- Backtesting & Practicing: Their cent and micro-lot accounts allow users to backtest their strategies and familiarize themselves with the trading platform without the risk of loosing significant amount of money.
- Flexibility: Traders are free to open brokerage accounts with multiple brokers.
- Learning Experience: Beginner traders can use low minimum deposit forex trading accounts to practice forex trading.
- Bonuses & Promotions: Most low minimum deposit forex brokers offer lucrative bonuses and promotions.
Cons of Low Minimum Deposit Forex Brokers:
- Limited Features: Low minimum deposit forex brokers often have limited features, as the more advanced features are only available to ‘’higher’’ account types.
- Higher Spreads: Most brokers compensate for the accessibility of low minimum deposits with higher spreads.
- Increased Leverage Risks: Trading with low minimum deposits requires to open leveraged positions and increases risk involvement.
- Overtrading Potential: Smaller account sizes force traders to overtrade more often compared to using a regular trading account.
- Withdrawal Restrictions: Some brokers may impose withdrawal restrictions for small account holders.
Conclusion
It requires time and effort to compare and evaluate the services of the various forex brokers in the UAE to find the ideal option. Users must evaluate relevant information to make the optimal choice for their needs.
This guide does the challenging work for users by comparing and evaluating the top choices for different types of traders and trading goals. The results of our analysis of the best low minimum deposit forex brokers in UAE are included in the table below.
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.
| Broker / Feature | Nr. of Forex Pairs | Regulation | Min. Deposit | Cent/micro lot accounts | Leverage | Fees (spread on EUR/USD and commissions) | Open an Account |
| eToro | 40+ | FCA, CySec, ASIC | $50 | Yes | 1:30 | 0,9 pips | Click Here |
| FXTM | 50 | FCA, CySec | $10 | Yes | 1:2,000 | 1,5 pips + $3,50 commission or 0,2 pips | Click Here |
| XM | 55 | DFSA, FCA, CySEC, ASIC | $5 | Yes | 1:1,000 | 1,0 pip or 0,1 pip + $3,50 commission | Click Here |
| Pepperstone | 60+ | DFSA, FCA, ASIC | $0 | Yes | 1:500 | 1,0 pip or 0,2 pip + $3 commission | Click Here |
| CMC Markets | 300+ | FCA, CySEC, ASIC | $0 | Yes | 1:500 | 0,7 pips | Click Here |
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and crypto assets, 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. 51% 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.
This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
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.
Giles Thomas is the CEO of Business24-7 and has considerable experience in the financial industry as Executive Director and Head of Asia for the Family Office Industry focused business FOE.Global. He is also a veteran internet marketer with 13 years of experience in SEO and digital asset M&A.