Best Forex Brokers in UAE With Welcome Bonuses

Page Summary

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

  1. RoboForex – AED 110 No posit Bonus
  2. AVAtrade – 20% Deposit Bonus
  3. XM – 100% Deposit Welcome Bonus
  4. Pocket Option – 50% First Deposit Bonus
  5. 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.

1. RoboForex

roboforex-logo

Rating: 4,3/5

Min Deposit: $10.00

Fees: 4.6

Assets available: 3.8

Total Fees:

Open account Read review

79.43% of retail investor accounts lose money when trading CFDs

Roboforex is a forex and CFD broker founded in 2009. It offers access to 40 major forex pairs, including EUR/USD, USD/JPY, EUR/GBP, and GBP/USD. Roboforex charges low spreads from 0,0 pips (EUR/USD) and variable commissions (depending on account type). Users can trade with up to 1:2000 leverage.

Roboforex offers UAE users a no deposit welcome bonus of 110 AED. Their new clients qualify for the welcome bonus by opening and verifying a live trading account, regardless of an initial deposit.

Additional promotions and bonuses available at RoboForex are listed below.

  • Partners Promotion – allows partners to earn over 600 money prizes or affiliate commissions of $1,000,000 for introducing new clients. The promotion runs from June 2023 till March 2024. RoboForex allows each partner to introduce a maximum of 31 participation entries.
  • Profit Share Bonus – RoboForex offers traders a profit share bonus of up to 60% of their deposit amount. The bonus is calculated based on the profits generated by the trader and can be withdrawn at any time.
  • Classic Bonus – offers users a bonus of 120% of their first and all subsequent deposits. The maximum amount of classic bonus funds users can receive is $50,000. Profits generated with bonus funds can be withdrawn when trading volume  requirements by the broker are met.
Open account

79.43% of retail investor accounts lose money when trading CFDs

2. AvaTrade

AVAtrade logo

Rating: 4,9/5

Min Deposit: $100

Fees: 4.9

Assets available: 4.9

Total Fees: 0.9 pip

Open account Read review

71% of retail CFD accounts lose money

AvaTrade is an Irish-based forex and CFD broker founded in 2006. The broker offers access to 55 forex pairs, 44 forex options, and over 1,200 CFDs on stocks, commodities, indices, and cryptocurrencies. AvaTrade charges low spreads of 0,9 pips (EUR/USD) and 0% commission.

AvaTrade’s welcome bonus allows new users to receive 20% of their initial deposit. The broker requires users to make an initial deposit of over $100 and use one of the following base currencies: EUR, USD, AUD, or GBP to qualify to the bonus. The maximum bonus amount is $10,000.

Open account

71% of retail CFD accounts lose money

3. XM

XM logo

Rating: 4,1/5

Min Deposit: $5

Fees: 4.1

Assets available: 2.8

Total Fees:

Open account Read review

75.59% of retail CFD accounts lose money

XM is a forex and CFD broker based in Cyprus. The broker provides access to over 50 forex pairs and CFDs on indices, CFDs, stocks, metals, and energies. Other main forex trading features at XM include up to 1000:1 leverage, micro-lot accounts, and a minimum deposit of $5.

XM’s welcome bonus allows users to receive 100% of their initial deposit and up to $500 in total. New users qualify for the welcome bonus by opening a live trading account  and depositing a minimum of $5. XM allows users to directly withdraw the welcome bonus and the profits generated with the credited bonus.

To claim the XM welcome bonus, users must follow the below steps.

  1. Register for a live XM trading account
  2. Login to the client portal and upload the required documents (a copy of your National ID card, driver’s license, or passport) and proof of residence (a bank draft or utility bill not older than 3 months).
  3. Wait for XM to approve your documents.
  4. Activate the bonus from within the Client Portal
  5. Deposit a minimum of $5.
  6. Get Access to the welcome bonus on your trading account.

Other bonuses and promotions available at XM are listed below.

  • 20% Bonus On First Time Deposits (Up to $5,000) – New XM users can receive a bonus of 20% on their first-time deposits of up to $5,000. High-volume traders commonly request this bonus.
  • Zero Fees on Deposits & Withdrawals Promotion – XM has a promotion allowing users to avoid paying any fees on their deposits and withdrawals.
  • VPS Service Promotion – New XM users receive free access to a VPS service by opening and verifying a trading account ( upload their documents) and depositing a minimum of $5.
Open account

75.59% of retail CFD accounts lose money

4. Pocket Option

Pocket Option logo

Rating: 3,0/5

Min Deposit: $50

Fees: 5.0

Assets available: 1.4

Total Fees:

Pocket Option is an options broker founded in 2017. They offer access to 100 options, including options on forex pairs, such as EUR/USD. Pocket Option doesn’t charge spreads ,but charges users a commission of $0,50 per trade.

Pocket Option offers a 50% deposit bonus for every new user that deposits a minimum of $50. The maximum welcome bonus is $10,000, and turnover rules apply before traders withdraw any winnings to their bank accounts or e-wallets. Users can withdraw any winnings made with the bonus funds if the total trading volume exceeds $2,500.

How to Qualify for the Pocket Option Deposit Bonus?

Steps to follow to activate the Pocket Options bonuses are listed below.

  1. Open a real trading account on the Pocket Option website.
  2. Verify the account by submitting the requested documents (a formof ID and proof of residence)
  3. Click on the ‘’Get 50% bonus’’ button in the upper right corner
  4. Make a first deposit of at least $50 using one of the available payment methods (bank wire transfers, debit and credit cards, e-wallets, and cryptocurrencies).
  5. Start trading!

Other bonuses and promotions available at Pocket Option are listed below.

  • $50 no-deposit bonus – Users qualify for the no-deposit bonus at Pocket Option by opening and verifying a trading account, regardless of initial deposits. The Pocket Option No Deposit Bonus is not a regular bonus. Users can check its availability on the Pocket Option official website.
  • Pocket Option Leverage Bonus – allows users to place trades with up to 100:1 leverage. Traders can apply for the leverage bonus by contacting Pocket Option’s support asking for high leverage.
  • Pocket Option YouTube Video Contest – allows users to win up to $120 in cash and bonuses by uploading YouTube videos of themselves trading with Pocket Option.

5. Tickmill

Tickmill logo

Rating: 4,2/5

Min Deposit: 0

Fees: 4.5

Assets available: 3.0

Total Fees:

Open account Read review

70% of retail CFD accounts lose money

Tickmill is a forex and CFD broker founded in 2014. They offer access to 63
forex pairs and charge low spreads from 0,2 pips (EUR/USD). Additionally, the broker charges commissions of $2 per side per lot traded.

Tickmill offers new users a $30 (110 AED) no deposit welcome bonus. The required steps to qualify for the Tickmill welcome bonus are listed below.

  1. Navigate to the official Tickmill website.
  2. Click on ‘’Open Welcome Account’’.
  3. Fill in the application form.
  4. Click on the link in the email you will receive after completing the form.
  5. The bonus gets credited to the account and can be used for trading.

Tickmill limits the availability of the welcome bonus to 60 days. After the period of 60 days is over, users have 14 days to withdraw their profits.

Other promotions available at Tickmill are listed below.

  • Tickmill Forex Rebate Promotion – Tickmill’s Forex Rebate or ‘’Get Paid to Trade’’ promotion allows users to earn a rebate on their trades in the form of cashback. The broker requires a minimum deposit of $200 to qualify for this promotion.The cashback amounts users can receive with this promotion are compared in the table below.
Amount of

Trades per Month

Rebate

per Standard Lot

0 – 1,000 $0,25
1,001 –

3,000

$0,50
3,001+ $0,75

 

  • Trader of the Month Promotion– Tickmill has a promotion offering $1,000 in prize money to the best monthly trader. The ‘’best trader’’ is determined by profits, risk management skills, and trading decisions. Tickmill automatically involves all traders to participate in this promotion without meeting any specific requirements.
  • NFP Machine Promotion – allows users to generate up to $500 in promotion by correctly guessing a specific asset’s exact value. Tickmill requires users to send their guesses within 30 minutes after the monthly Non-Farm Payroll release on the MetaTrader 4 platform.
Open account

70% of retail CFD accounts lose money

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.

BrokerType of BonusBonus AmountBonus DetailsRegulationBonus
RoboforexNo Deposit Bonus$30 (110 AED)To receive the bonus: 
1. Open Account
2. Verify Details
3. Wait for broker to accept
4. Trade!
CySEC, IFSCOpen Live Account
AvaTradeDeposit Bonus20% up to $10,0001. 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
6. Trade!
CySEC, FCA, FSA, MiFID, ASIC, FSC, FSCAOpen Live Account
XMDeposit Bonus100% up to $5,0001. 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, FIOpen Live Account
Pocket OptionDeposit Bonus50% up to $10,0001. 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
6. Trade!
IFMRRCOpen Live Account
TickmillNo deposit bonus$30 (110 AED)Free no deposit bonus without any deposit requiredSFA, FSAOpen 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.

Conclusion

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.

RANKBROKERPLATFORM SCOREBEST FORWEBSITE
#1RoboForex0,0/5AED 110 No posit BonusOfficial website
#2AVAtrade4,9/520% Deposit BonusOfficial website
#3XM4,1/5100% Deposit Welcome BonusOfficial website
#4Pocket Option3,0/550% First Deposit BonusOfficial website
#5Tickmill4,2/5AED 110 No Deposit BonusOfficial website

Disclaimer

eToro is a multi-asset investment platform. The value of your investments may go up or down. 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. Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk. Crypto assets are unregulated& highly speculative. No consumer protection. Capital at risk.
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.

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