Page Summary
The best MetaTrader brokers in UAE are XM, Pepperstone, IC Markets, FP Markets, FX Pro, Vantage FX. New investors choose the user-friendly services at XM Group. Active traders choose Vantage FX because of its excellent pricing for higher balances.
Each MetaTrader broker has strengths and weaknesses. This article discusses the best MetaTrader brokers.
6 Best MetaTrader Brokers 2023
- XM – Has the best offer for new traders
- Pepperstone – Best MetaTrader Broker With Add-ons
- IC Markets – Is the best overall MetaTrader broker
- FP Markets – Has competitive pricing
- FXPro – Has average pricing and excellent services
- Vantage – Has excellent pricing for higher balances
| RANK | BROKER | GENERAL | PLATFORM SCORE | BEST FOR | WEBSITE |
|---|---|---|---|---|---|
| #1 | XM | Leading educational content | 4,1/5 | Best offer for new traders | Official website |
| #2 | Pepperstone | Useful learning tools | 3,8/5 | MetaTrader suite with add-ons | Official website |
| #3 | IC Markets | Straightforward fee reports | 4,5/5 | Best overall MetaTrader | Official website |
| #4 | FP Markets | Virtual trading account | 4,3/5 | Competitive pricing | Official website |
| #5 | FXPro | Offers insights from education leaders | 4,1/5 | Excellent services | Official website |
| #6 | Vantage | Excellent mobile apps | 4,3/5 | Best pricing for higher balances | Official website |
TOP 6 MetaTrader Brokers in UAE Reviewed
1. XM – Best Offer For New Traders
Min Deposit: $5
Fees: 4.1
Assets available: 2.8
Total Fees:
XM Group is a MetaTrader-only broker with beginner-friendly services. It has top-tier licenses from the IFSC, ASIC, FCA, and CySEC. XM stands out because of its leading educational content and market research.
XM offers both the MT4 and MT5 suites. These are user-friendly and highly customizable. XM has a valuable research center with articles, charting, and trading signals. It has investor trading support and a demo account.
75.59% of retail CFD accounts lose money
2. Pepperstone – Best MetaTrader Broker With Add-ons
Min Deposit: $0
Fees: 4.9
Assets available: 4.8
Total Fees:
Pepperstone is a leading CFD and forex broker with access to MetaTrader. It has a transparent account opening process and fees structure. Pepperstone is a safe broker with licenses from the FCA, DFSA, and ASIC.
This broker has an extensive range of web and desktop trading platforms, including the MetaTrader suite. These come with useful learning tools, including cTrader and copy trading. Pepperstone offers many add-ons that boost the basic MetaTrader experience.
74-89% of retail CFD accounts lose money
3. IC Markets – Best Overall MetaTrader Broker
Min Deposit: $200
Fees: 4.7
Assets available: 3.6
Total Fees:
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 a leading online broker with access to the full MetaTrader suite. It has a comprehensive portfolio and auto-trading services. IC Markets has top-tier licenses from the FSA, CySEC, and ASIC. This broker offers excellent educational materials, including webinars and investor dictionaries.
IC Markets offers the MetaTrader suite as its mobile and web platforms. Both are powerful and complex platforms. This broker has excellent customizability and straightforward fee reports.
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.
4. FP Markets – Versatile MetaTrader Broker With Competitive Pricing
Min Deposit: 0
Fees: 5.0
Assets available: 3.1
Total Fees:
FP Markets is a MetaTrader broker with low costs and an ASIC license. This broker uses the entire MetaTrader suite, offering reliable learning tools. It offers a virtual trading account and a dedicated learning center.
This broker is a good choice for new traders. It offers powerful trading tools, including watch lists, charting, and trading videos.
75.31% of retail CFD accounts lose money
5. FXPro – Best Online Trading Services With Average Pricing
Min Deposit: $100
Fees: 3.6
Assets available: 2.9
Total Fees:
FxPro is a MetaTrader broker offering both MT4 and MT5 platforms. It has many account tiers and execution methods. FxPro offers an excellent learning center with written content and videos. It offers insights from education leaders, including IG and FXCM.
This broker has a proprietary web platform, FxPro Edge, and access to cTrader and MetaTrader. It has a demo account and useful social trading tools.
75.18% of retail CFD accounts lose money
6. Vantage – Best Pricing For Higher Balances
Min Deposit: $200
Fees: 5.0
Assets available: 2.1
Total Fees:
Vantage FX is one of the leading brokerage firms with excellent mobile apps and learning tools. It offers an active trader discount and a minimum deposit fee of $200. This broker has top-tier licenses from the ASIC and FCA.
Vantage FX is different from other MetaTrader-only brokers as it has many compatible 3rd party platforms. It has the full MetaTrader suite with SmartTrader tools. Vantage FX provides access to social trading and educational tools. There are active trading discounts for accounts with balances over $10,000.
74-89% of retail CFD accounts lose money
Final Verdict
IC Markets, FP Markets, XM Group, Pepperstone, FxPro, Vantage Fx, and Swissquote are leading MetaTrader brokers. IC Markets is our top choice because of its comprehensive offer and services. XM Group is an excellent choice for new traders, while Swissquote is a good fit for professionals.
FAQ
How To Choose A MetaTrader Broker?
We recommend you read our in-depth online broker reviews to learn about MetaTrader brokers. Most brokers offer a demo account to test their offering and help you decide which is the best choice for you.
Is There Any Difference Between MT4 and MT5?
MT4 is the prior generation of software, while MT5 is the latest one. MT4 is widely available and offers access to hundreds of 3rd party addons. MT5 does not support all of those 3rd party addons and instead, adds support for stock options trading and futures trading. MT5 includes premium functions, including cloud storage and historical backtesting. Related: best MetaTrader4 trading platforms
Is Copy Trading And Automated Trading Available With MetaTrader?
Copy trading and automated trading services are available within the MetaTrader ecosystem. The forex signals market available on the MQL5 community allows users to copy the live traders of approved providers. Both MT4 and MT5 use the Expert Advisors platforms for automated trading systems.
How To Create A Less Risky Automated Trading Strategy?
There are both advantages and disadvantages to automated trading. Reading about these services in our in-depth review is useful when creating the best strategy. A reliable automated trading strategy starts with research. Learning the trading methodology might lead to excellent results. Comparing historical performances to similar automated strategies offers useful insights. Our professional advice is to test each new strategy in a demo account and then with a small amount of capital. If the strategy is profitable, increase the capital invested over time.
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.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.