This guide helps users compare and find the best instant deposit forex brokers in the UAE. Instant deposit brokers benefit day traders and scalpers who want to take advantage of short-term trading opportunities. However, with the variety of brokers in UAE that offer instant deposits, it can be challenging to find the ideal platform for users’ individual needs.
To help traders make the right choice, the services of available providers have been assessed considering: regulatory compliance, available trading platforms like MT4, trading platform fees, number of forex pairs, and customer support.
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 instant deposit forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.
Page Summary
Top Instant Deposit Forex Brokers in UAE
- AvaTrade – Best for Islamic Forex Trading
- eToro – Best for Beginner Forex Traders
- XM – Best for Choice of Trading Platforms
- Saxo Bank – Best for Professional Forex Traders
- IC Markets – Best for ECN Forex Trading
Best Instant Deposit Forex Brokers in UAE Reviewed
The best instant deposit forex brokers in UAE are reviewed in more detail below.
1. AVAtrade – Best for Islamic Forex Trading
BEST FOR: Islamic Forex Trading
LEVEL: Moderate
FX PAIRS: Forex, Options, Stocks, Crypto, Commodities, Indices, CFDs
MIN DEPOSIT: $100 USD
AvaTrade is an Irish forex and CFD broker founded in 2006. Avatrade allows traders to speculate on currency and other financial instrument movements through CFDs from a minimum deposit of $100. AvaTrade enables users to trade 55 forex pairs, 40 currency options, and over 900 CFDs on stocks, ETFs, bonds, indices, commodities, and cryptocurrencies with up to 400:1 leverage.
AvaTrade’s range of trading platforms includes its WebTrading platform, the AvaTradeGo app, MetaTrader 4 and 5, AvaOptions, MacTrading, and AvaSocial. Users can connect their AvaTrade account with TradingView to trade directly off the charts.
Automated forex trading is available via AvaSocial and DupliTrade, and traders can use the broker’s free VPS services to increase the efficiency of their Expert Advisors (EAs).
AvaTrade charges low trading fees starting at 0,9 pips on EUR/USD. The broker’s non-trading fees include a $50 inactivity fee after 3 months and a $100 administration fee after 12 months of inactivity. AvaTrade doesn’t charge deposit or withdrawal fees.
AvaTrade customer support is available 24/7 in English and Arabic via email, live chat, and phone. AvaTrade is licensed and regulated by 4 Tier-1 regulators, including the Dubai Financial Services Authority (DFSA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA), making it a safe and reliable broker.
71% of retail CFD accounts lose money
2. eToro – Best for Beginner Forex Traders
BEST FOR: Best for Beginner Forex Traders
LEVEL: Beginner
FX PAIRS: Stocks, ETFs, Forex, Indices, Commodities, Crypto, CFDs
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 Israeli social trading and multi-asset broker founded in 2007. eToro enables trading of financial instruments and copy trading from a minimum deposit of $50. eToro allows users to trade over 40 forex pairs and over 3,000 other financial instruments, including stocks, ETFs, indices, commodities, and cryptocurrencies, with up to 30:1 leverage for retail clients and up to 1,000:1 leverage for professional traders.
eToro’s beginner-friendly proprietary trading platform allows traders to copy the trades of professional traders and to trade individually. Traders, particularly beginners or those with limited time, can benefit from this option.
Via the eToro Academy, eToro Plus, and Digest & Invest, users can stay updated on the latest market movements and conduct technical and fundamental analyses. eToro doesn’t allow the usage of Expert Advisors (EAs) or any other form of automated trading software.
eToro offers commission-free CFD trading and charges low spreads, starting from 1,0 pips on EUR/USD. The broker’s non-trading fees include a $10/month inactivity fee after one year of inactivity, a $5 withdrawal fee, and currency conversion fees (eToro only offers accounts in USD).
The eToro customer support is available 24/7 in English and Arabic via email, live chat, and phone.
eToro 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 and Investments Commission (ASIC), making it a trustworthy broker.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
3. XM – Best for Choice of Trading Platforms
BEST FOR: Best for Choice of Trading Platforms
LEVEL: Moderate
FX PAIRS: 57 forex pairs and over 1,200 CFDs on stocks, commodities, equity indices, precious metals, and energy markets
MIN DEPOSIT: $5 USD
XM is an offshore forex and CFD broker based in Belize, founded in 2009. It allows users to trade forex and CFDs on its modern trading platforms with a minimum deposit of $5. XM provides users access to 57 forex pairs and over 1,200 CFDs on stocks, commodities, equity indices, precious metals, and energy markets with up to 1,000:1 leverage.
XM’s range of trading platforms includes MetaTrader 4 and 5 for PC, Mac, iOS, and Android, MetaTrader 4 Multiterminal, and the broker’s proprietary trading app for both Android and iOS mobile devices.
Users have access to forex calculators, MQL5 trading signals, and exclusive technical indicators compatible with the full MetaTrader suite, such as the Ribbon indicator, River indicator, and Ichimoku indicator. Automated trading is allowed, and XM offers free VPS services to increase the efficiency of Expert Advisors (EAs).
XM offers Zero Accounts with spreads starting as low as 0,0 pips on EUR/USD, while Ultra Low Micro and Ultra Low Standard account holders are charged 0,6 pips on EUR/USD + $3,50 commission per side per lot.
XM’s non-trading fees include a $15 inactivity fee after one year of inactivity and currency conversion fees. The broker doesn’t charge withdrawal fees or any other hidden commissions.
The XM customer support is available 24/7 in English and Arabic via email, live chat, and phone. XM is licensed and regulated by 2 Tier-1 regulators: the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), making it a reliable and trustworthy broker.
75.59% of retail CFD accounts lose money
4. Saxo Bank – Best for Professional Forex Traders
BEST FOR: Professional Forex Traders
LEVEL: Advanced
FX PAIRS: 185 forex spot pairs, over 130 forwards, and more than 71,000 other financial instruments
MIN DEPOSIT: $2000 USD
69% of retail investor accounts lose money when trading CFDs with this provider.
Saxo Bank, established in 1992, is a well-capitalized investment bank. Traders have access to worldwide markets and modern trading technology. Saxo Bank requires a minimum deposit of $2,000. Saxo Bank provides users access to 185 forex spot pairs, over 130 forwards, and more than 71,000 other financial instruments, including stocks, ETFs, bonds, mutual funds, options, futures, forex options, CFDs, commodities, crypto ETPs, and crypto forex pairs.
Via the broker’s SaxoTraderGO and SaxoTraderPRO trading platforms, traders and investors can trade forex with up to 200:1 leverage, conduct technical analysis, and trade vanilla FX and touch options.
Traders can use Saxo’s FIX and OPENAPIs or connect third-party tools, such as Dynamic Trend, TradingView, MultiCharts, and or Updata, to automate their trading using Expert Advisors (EAs). Additionally, Saxo Bank offers free VPS services to increase the efficiency of these tools and APIs.
Saxo Bank offers VIP accounts with low spreads starting at 0,7 pips on EUR/USD. Classic and Platinum account holders pay spreads starting at 0,9 and 0,8 pips on EUR/USD, respectively.
Saxo Bank’s non-trading fees include a $150 inactivity fee after 6 months of inactivity and currency conversion fees (Saxo Bank offers traders accounts in only one currency).
The Saxo Bank customer support is available 24/7 in English and Arabic via email, live chat, and phone. Saxo Bank is licensed and regulated by 4 Tier-1 regulators, including the Dubai Financial Services Authority (DFSA), the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA), making it a safe, reliable, and trustworthy broker for UAE traders and investors.
69% of retail investor accounts lose money when trading CFDs with this provider.
5. IC Markets – Best for ECN Forex Trading
BEST FOR: Best for ECN Forex Trading
LEVEL: Moderate
FX PAIRS: 61 forex pairs
MIN DEPOSIT: $200 USD
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
IC Markets is an Australian forex and CFD broker founded in 2007. They allow users to trade forex and CFDs with institutional-grade liquidity at fast order execution speeds of under 66ms and from a minimum deposit of $200.
IC Markets provides users access to 61 forex pairs, 25 indices, 28 commodities, 2,100 stocks, 9 bonds, 13 cryptocurrencies, and 4 futures CFDs with up to 500:1 leverage.
The broker’s range of trading platforms includes the full MetaTrader suite (4 and 5), cTrader Web, cTrader Mobile, and cTrader Automate. With the cTrader Raw Spread and Standard Raw Spread accounts, users can trade directly on the financial markets without interfering with the broker (ECN, non-dealing desk).
Users can deploy Expert Advisors (EAs) on the cTrader Automate, MetaTrader 4, and MetaTrader 5 platforms. Traders can use the broker’s free VPS services and Depth of Market, inbuilt speed monitoring, and ladder trading to increase profitability.
IC Markets offers ECN trading accounts with low spreads starting at 0,0 pips on EUR/USD and commissions of $3 to $3,50 per lot per side.
Standard account holders are charged spreads from 0,6 pips on EUR/USD with commission-free forex and CFD trading.
The IC Markets customer support is available 24/7 in English and Arabic via email, live chat, and phone. IC Markets is licensed and regulated by 2 Tier-1 regulators: the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC), making it a reliable and trustworthy broker.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% 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.
How To Choose The Best Instant Deposit Forex Broker in UAE?
Criteria for selecting the ideal instant deposit forex brokers in UAE are listed below.
- The Number of Available Forex Pairs – Traders should compare and find a broker with many available currency pairs to increase the number of opportunities for trading.
- Competitive pricing/fees (spreads and commission) – Traders should find brokers that offer spreads, commissions, and non-trading fees that are as low as possible to maximize profit and income.
- Wide range of platforms and features –
- Traders should find brokers that offer a broad range of feature-rich trading platforms, enabling them to conduct better technical and fundamental analysis and more efficiently manage trades and profit.
- Responsive customer support – Traders need instant deposit forex brokers in the UAE with excellent customer support that solves problems quickly.
- Regulatory Compliance – Traders should find brokers that are licensed and regulated to avoid scams or the risk of losing capital.
Top Instant Minimum Deposit Forex Brokers Compared
Key features of the highest-rated instant deposit forex brokers in UAE are compared in the table below.
| Broker | Nr. of Forex Pairs | Regulation | Instant Deposit Availability | Leverage | Fees (avg. EUR/USD spread) | |
| AvaTrade | 55 forex pairs + 40 fx options | DFSA, ASIC, CySEC, and FCA | Yes | 1:1 up to 400:1 | From 0,9 pips | Visit Broker |
| eToro | 40+ forex pairs | FCA, CySEC, and ASIC | Yes | 1:1 up to 400:1 (professional traders) | From 1,0 pips | Visit Broker |
| XM | 57 forex pairs | CySEC and FCA | Yes | 1:1 up to 1,000:1 | From 0,0 pips + $3,50 per lot per side or from 0,6 pips | Visit Broker |
| Saxo Bank | 185 spot forex pairs + 130 forwards | DFSA, ASIC, CySEC, and FCA | Yes | 1:1 up to 200:1 | From 0,7 pips | Visit Broker |
| IC Markets | 61 forex pairs | FCA and ASIC | Yes | 1:1 up to 500:1 | From 0,0 pips + $3 or $3,50 per lot per side or from 0,6 pips | Visit Broker |
What Are Instant Deposit Forex Brokers?
Instant deposit Forex brokers are online brokerage platforms that allow traders to transfer funds into their trading accounts immediately and trade forex markets.
Instant deposit forex brokers typically have the following features:
- Instant Funding Option – Traders can access brokers that offer accounts with instant deposits to trade immediately.
- Wide Range of Deposit Methods – Brokers offer various currency deposit methods.
- Intuitive Trading Platform – The trading platform is user-friendly and equipped with all essential features for trading.
- Accessibility – Instant deposit forex brokers often have low deposit minimums and can be accessed from desktop PCs, laptops, and mobile devices.
- Market Opportunities – Because of the instant deposit feature, you don’t miss any market opportunity when trading at an instant deposit forex broker.
- Enhanced Liquidity – Instant deposit forex brokers often have enhanced liquidity because traders can instantly fund their accounts.
- Convenience – Traders’ accounts can be funded immediately, offering convenience.
- Low Fees – Instant deposit brokers have lower-than-usual fees than other brokers.
- Security – Instant deposit forex brokers have increased security via SSL-protected trading platforms, two-factor authentication, and secure cabinet passwords.
What Are The Pros And Cons of Instant Deposit Forex Brokers?
The pros and cons of instant deposit forex brokers are listed below.
Pros:
- Instant Funding Availability – Traders can directly fund their accounts to exploit opportunities.
- Convenience – Traders can access various deposit options with immediate funding, allowing them to start trading without delay.
- Better Trading Opportunities – Traders with access to instant deposit features have more opportunities and can always access and trade with funds.
- Better Money Management – Instant deposits allow traders to manage their trading capital more efficiently.
- Global Market Access – Traders can access global markets without waiting for their deposits to come through with instant deposit forex brokers.
Cons:
- Overtrading Risk – Traders risk overtrading because they can add funds to their accounts so easily with instant deposit forex brokers.
- Extra Fees – A handful of brokers may charge additional deposit fees, which leads to the increased cost of trading.
- The Chance to Make Impulsive Decisions – While easy funding offers convenience, it also requires discipline to avoid impulsive trading decisions that could result in losses.
- Regulatory Issues – Some instant deposit forex brokers may not be regulated. However, all brokers mentioned in our guide are fully licensed and regulated and are safe and reliable.
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 review 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 instant deposit forex brokers in UAE are shown in the table below.
| Broker | Nr. of Forex Pairs | Regulation | Instant Deposit Availability | Leverage | Fees (avg. EUR/USD spread) | |
| AvaTrade | 55 forex pairs + 40 fx options | DFSA, ASIC, CySEC, and FCA | Yes | 1:1 up to 400:1 | From 0,9 pips | Visit Broker |
| eToro | 40+ forex pairs | FCA, CySEC, and ASIC | Yes | 1:1 up to 400:1 (professional traders) | From 1,0 pips | Visit Broker |
| XM | 57 forex pairs | CySEC and FCA | Yes | 1:1 up to 1,000:1 | From 0,0 pips + $3,50 per lot per side or from 0,6 pips | Visit Broker |
| Saxo Bank | 185 spot forex pairs + 130 forwards | DFSA, ASIC, CySEC, and FCA | Yes | 1:1 up to 200:1 | From 0,7 pips | Visit Broker |
| IC Markets | 61 forex pairs | FCA and ASIC | Yes | 1:1 up to 500:1 | From 0,0 pips + $3 or $3,50 per lot per side or from 0,6 pips | Visit Broker |
Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, 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.