This guide helps users to compare and find the best raw spread forex brokers in UAE. Raw spread brokers in the UAE are ideal for advanced traders and scalpers, offering transparent, cost-efficient conditions crucial for maximizing thin profit margins. However, with the variety of brokers in UAE that offer raw spread, 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 raw spread forex brokers in UAE is shared below, followed by in-depth reviews and comparisons.
FP Markets (First Prudential Markets) is an Australian multi-asset broker founded in 2005 that provides traders access to 60+ forex CFDs, over 650 stock CFDs, 9 indices CFDs, commodity, metals, and crypto CFDs, and over 200 CFDs on ETFs at raw spreads from 0,0 pips (on EUR/USD).
FP Markets is licensed and regulated by two Tier-1 regulators, the Australian Securities & Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), making it a safe and reliable broker.
FP Markets allows traders to trade on 3 platforms: The MetaTrader WebTrader, MetaTrader 4 desktop application, or the MetaTrader 5 desktop application. You can install these trading platforms on both Mac and Windows devices. Additionally, users can trade via the MT4 iOS and Android apps.
Use the table below to compare the available FP Markets account types and features.
FP Markets trading fees are lower than other brokers, clocking in at $3,00 per lot per trade on raw accounts. Spreads start at 0,09 pips on EUR/USD during peak trading hours. The broker doesn’t charge inactivity or transaction fees, but currency conversion fees may apply.
FP Markets customer support is available 24/7 in English via email, live chat, and phone.
IC Markets (International Capital Markets) is a regulated forex and CFD broker founded in 2007 that enables users access to institutional grade liquidity of 60+ forex pairs and over 2,100 large-cap stock CFDs at raw spreads starting at 0,0 pips on EUR/USD.
IC Markets is regulated by two Tier-1 regulators, the Australian Securities & Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC), making it an authorized and trustworthy broker.
The broker’s range of available trading platforms includes the full MetaTrader suite (4 and 5) and cTrader. Additionally, users can deploy Expert Advisors and trade via APIs via cTrader Automate.
IC Markets offers Raw Spread cTrader and Raw Spread MetaTrader accounts, which charge low trading fees ($3,00 and $3,50 per lot per side, respectively) and spreads starting at 0,0 pips on EUR/USD. Spreads for standard account holders start at 0,6 pips on EUR/USD.
Use the table below to compare the available IC Markets account types and features.
Pepperstone is an Australian forex and CFD broker founded in 2010 that allows users to trade over 60 forex pairs and 1,200 CFDs on shares, indices, commodities, cryptocurrencies, and ETFs at raw spreads starting as low as 0,0 pips on EUR/USD via MetaTrader 4 or 5.
Pepperstone is regulated by three Tier-1 regulators, the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and the Dubai Financial Services Authority (DFSA), making it a well-regulated broker for UAE traders.
Pepperstone users can trade with raw spreads directly via TradingView, with MetaTrader 4 or 5, or with cTrader. All platforms are fully customizable, provide technical analysis tools, such as custom indicators and advanced order types, and allow algorithmic traders to deploy Expert Advisors.
Pepperstone offers Razor accounts with competitive pricing structures, consisting of a $3,00 to$3,50 commission per lot per trade plus spreads starting at 0,0 pips on EUR/USD. Standard account holders aren’t subject to commission, but pay spreads from 1,0 pips on EUR/USD.
Pepperstone doesn’t charge inactivity fees, but currency conversion fees may apply when depositing other currencies than USD.
Use the table below to compare the available Pepperstone account types and features.
XM is an offshore Belize-based forex and CFD broker founded in 2009 that enables users access to 57 forex pairs and over 1,000 CFDs on other trading instruments with up to 1,000:1 leverage at low raw spreads starting at 0,0 pips on EUR/USD.
XM (Trading Point) is regulated by three Tier-1 regulators, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA), making it a safe and trustworthy broker.
XM’s allows users to trade with the full MetaTrader suite (4 and 5), MetaTrader 4 Multiterminal, and the XM app for Android and iOS devices. All users can access the broker’s live education sessions broadcast around the clock.
XM Standard, Micro, and Ultra-Low account holders pay spreads starting at 1,7 pips on EUR/USD, while XM Zero account holders enjoy raw spreads from 0,0 pips + $3,50 per lot per side commission.
Use the table below to compare the available XM account types and features.
Eightcap is an Australian financial services provider founded in 2009 that allows users to trade over 40 forex pairs and over 800 financial instruments, including shares, commodities, indices, and cryptocurrencies, directly via TradingView at raw spreads starting at 0,0 pips on EUR/USD.
Eightcap is regulated by three Tier-1 regulators, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA), making it a safe and reliable broker for UAE traders.
Traders can trade with MetaTrader 4 and 5 or directly via TradingView with Eightcap. All users can access the broker’s valuable insights and trade ideas via Eightcap Labs and Crypto Crusher, and code-free trading automation via Captialise.ai.
Raw account holders can trade at low spreads from 0,0 pips on EUR/USD + $3,50 commission per lot per side. Standard and TradingView account holders can trade the markets from 1,0 pips on EUR/USD without paying commissions.
Use the table below to compare the available Eightcap account types and features.
How To Choose The Best Raw Spread Forex Broker in UAE?
Criteria to consider for selecting the ideal raw spread forex brokers in UAE are listed below.
Number of Forex Currency Pairs – Forex traders should seek brokers offering a wide range of forex pairs to maximize their trading opportunities.
Competitive pricing/fees (spreads and commission) – The ideal raw spread forex broker charges low commissions and tight spreads.
Wide range of platforms and features – The best raw spread forex broker offers a great variety of features, such as one-click trading, micro-lot trading, and trade ideas, while allowing traders to trade on top-notch platforms, such as MetaTrader 4, 5, cTrader, and or TradingView.
Responsive customer support – Great forex brokers offer professional and responsive customer support via email, live chat, and phone in English and Arabic.
Regulatory Compliance – A great raw spread forex broker is licensed and regulated by multiple Tier-1 regulators, such as the CySEC, ASIC, FCA, and or DFSA.
Top Raw Spread Deposit Forex Brokers Compared
Key features of the highest-rated raw spread forex brokers in UAE are compared in the table below.
Raw spread brokers provide traders with direct pricing, typically charging minimal, commission-based spreads on forex pairs. Such brokers are ideal for scalpers and high-frequency traders who deal in large volumes and prefer variable spreads over high, fixed ones.
The Advantages and Disadvantages of Raw Spread Forex Brokers
The pros of raw spread forex brokers include tighter spreads, a higher level of transparency, no conflict of interest, and more accurate cost predictability. The cons of these brokers are higher commission fees, variable spreads, and a higher level of complexity.
Tighter Spreads – Raw spreads are usually lower than standard spreads, which leads to lower overall trading fees.
More Transparency – Traders can trade at the interbank rate instead of the broker’s rate, which often includes a spread markup.
More Accurate Cost Predictability – Commission-based raw spread forex brokers offer more easily to calculate trading fees.
No Conflict of Interest – Brokers and traders have no conflict of interest when there are no markups.
Ideal for Scalping – Trading strategies become more efficient with tight spreads, facilitating easy scalping and high-frequency trading.
Commissions – Raw spread brokers often charge traders commissions, increasing overall fees for infrequent traders.
Variable Spreads – Raw spreads can fluctuate during and just after major news events or when overall liquidity levels are low.
Not Always Cheaper – Raw spread forex brokers have built-in commissions per trade and aren’t always the cheapest solution compared to other pricing models.
Higher Level of Complexity – Beginner traders might have difficulties calculating their trading costs with a raw spread forex broker.
Higher Minimum Deposits – Most raw spread forex brokers require higher minimum deposits compared to other types of forex brokers.
Raw spread forex brokers offer significant advantages for scalpers and high-frequency forex traders. Still, it is crucial to know the potential disadvantages so that you choose a reliable, secure, and licensed trading platform for your trading needs.
It requires time and effort to compare and evaluate 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 raw spread forex brokers in UAE are reviewed in the table below.
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Stefan Grasic (Dipl.-Jur) is the owner of Business24-7 and has considerable experience in the financial and investment niche, but also enjoys writing articles for the general readership. Stefan is an active stock, CFD, crypto and general investment researcher, advising blockchain companies such as Blockbird, GoCrypto, Hive Terminal at their start up level. Stefan began trading in 2010 as a college student. Money was tight,…