In this article, we will talk about 5 best Forex Brokers for traders in the UAE.
How we choose the best forex brokers in the UAE?
To be the best forex broker in UAE, the broker must be well-regulated and offer low fees for traders in the UAE.
Beyond regulatory compliance & fees, we’ve also compared other important factors such as customer support, trading platforms, speed of trade execution, and other key factors to identify the best forex brokers available for traders in the UAE.
The following are the five best forex brokers in the UAE, based on our research.
Each broker offers unique advantages, making them stand out in different ways.
Remember, this article is for informational purposes only, and you should always conduct research before investing.
1. Exness
Assets Available | 5 Asset Classes - Forex, Commodities, Stocks, Indices and Cryptocurrency. |
Regulated By | FSA, CySEC, FCA, FSCA, FSC, FCS, CMA |
No. Of Trading Platforms | 3 Trading Platforms - MetaTrader 4, MetaTrader 5 and Exness trader app |
Leverage | Up to 1:2000 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $10 |
Demo Account | Yes |
Education Provided | Educational videos and articles |
Methods of Payment | Bank cards, global electronic payment systems, and local payment methods |
Open Account |
Exness is a great choice for traders in the UAE, offering competitive fees and the option to leverage their trades significantly when desired.
The Exness broker was founded in 2008 and is headquartered in Cyprus.
This broker is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC).
Exness broker offers four main account types for trading in the live markets. These are standard account, pro account, zero account, and raw spread account.
The commission and spreads vary based on your account type. For Standard and Pro accounts, there’s no commission at all. The spreads start from 0.2 pips for Standard account and 0.1 pip for Pro account.
If you’re using the Zero or Raw Spread accounts, spreads start at 0.0 pips. The Zero account charges a commission starting at $0.05 per side per lot, while the Raw Spread account can go up to $3.50 per side per lot.
The Exness broker provides traders with 3 main trading platforms. These are MetaTrader 4, MetaTrader 5 and the Exness trader app.
This broker provides a maximum leverage of more than 1:2000 depending on financial instrument you are trading making it suitable for high leverage trading as well.
For customer support, Exness broker provides traders in the UAE with 24/7 customer support. Traders can contact the Exness broker through phone, email, and live chat.
To start trading with the Exness broker, you only need a minimum deposit of $10 which is applicable for only for the standard account. To trade with other account types, you require a minimum deposit of $200.
If you are interested in learning more about the Exness broker, check our full review here or watch the video below.
2. Fusion Markets
Assets Available | 5 Asset Classes - Forex, Crypto, Stocks, Commodities, Indices. |
Regulated By | ASIC, VFSC |
No. Of Trading Platforms | 4 Trading Platforms - TradingView, MT4, MT5, cTrader |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From $0 |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Educational Blog |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, PayPal, etc. |
Open Account |
Fusion Markets is another great forex broker for traders in the UAE which offers low fees.
The Fusion Markets broker was founded in Melbourne, Australia in 2017.
The Fusion Markets broker is a well regulated forex broker that is regulated by the top tier Australian Securities and Investment Commission (ASIC).
This broker provides traders in the UAE with 3 different account types for live trading. These are the zero account, classic account and the fusion pro account.
For the zero account, the spreads start from 0.0 pips and the commission charged is $2.25 per side. For the classic account, the spreads start from 0.9 pips and no commission is charged.
The Fusion Markets broker provide traders 4 main trading platforms. These are TradingView, MetaTrader 4, MetaTrader 5 and cTrader trading platform.
When it comes to customer support, Fusion Markets excels by offering 24/7 assistance for traders. Traders can contact the Fusion Markets support team via email, phone, or live chat.
The Fusion Markets broker provides traders with a leverage of up to 1:500 depending on the financial instrument you are trading. If you prefer high leverage trading, the Exness broker will be more suitable for you.
To open an account with the Fusion Markets broker, you do not require a minimum deposit.
If you are interested in learning more about the Fusion Markets broker, check our full review here or watch the video below.
3. AvaTrade
Assets Available | 7 Asset Classes - Forex, Crypto, Stocks, Commodities, Indices, ETFs, bonds. |
Regulated By | ASIC, FSCA, FSA, ADGM, FRSA, ISA, CySEC, CBI |
No. Of Trading Platforms | 8 Trading Platforms - TradingView, MT4, MT5, AvaOptions, AvaSocial, DupliTrade and ZuluTrade |
Leverage | Up to 1:400 |
Spreads | Around 0.9 for Majors |
Commission | 0% |
Min Deposit | $100 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit/Debit Cards, Bank Wire Transfer, Neteller, Skrill, WebMoney, PayPal |
Open Account |
AvaTrade is another great broker for traders in the UAE. AvaTrade broker was founded in 2006 in Dublin, Ireland.
The Avatrade broker is regulated by multiple regulators including the Central Bank of Ireland (CBI).
The AvaTrade broker offers traders with a range of trading platforms. These include the popular MetaTrader 4 and MetaTrader 5 trading platforms.
AvaTrade also offers a mobile trading platform called the AvaTrade Go for traders who prefer mobile trading in the UAE.
AvaTrade offers dependable customer support 24/5. You can reach their support team via email, phone, or WhatsApp.
The AvaTrade broker provides traders with 2 main account types for live trading. These are the retail trader account and professional trader accounts.
For the retail account, the AvaTrade broker does not charge a commission and the spreads are around 0.9 pips for the Major currency pairs.
The maximum leverage provided by the AvaTrade broker is up to 1:400 for traders.
To start trading with the AvaTrade broker, you require a minimum deposit of $100.
If you are interested in learning more about the AvaTrade broker, check our full review here or watch the video below.
4. Pepperstone
Assets Available | 6 Asset Classes - Forex, Commodities, Indices, Shares, ETFs, Cryptocurrency. |
Regulated By | ASIC, FCA, CySEC, DFSA, CMA, SCB, and BaFin |
No. Of Trading Platforms | 5 Trading Platforms - TradingView, MT4, MT5, Pepperstone trading platform, cTrader. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $0 |
Demo Account | Yes |
Education Provided | Guide for beginners |
Methods of Payment | Visa, Mastercard, Bank transfer, BPay, PayPal, Neteller, Skrill |
Open Account |
The Pepperstone broker is also another great broker for traders in the UAE. This broker was founded in 2010 in Melbourne, Australia.
The Pepperstone broker is regulated by several financial regulators, including the Australian Securities and Investment Commission (ASIC).
Pepperstone offers traders a range of account types for live trading, with the Standard and Razor accounts being the most popular choices. In addition to these, they provide Islamic, Professional, and Premium accounts to meet various trading requirements and preferences.
The Pepperstone broker offers traders 5 main trading platforms. These are MetaTrader 4, MetaTrader 5, TradingView, cTrader and the Pepperstone trading platform.
This broker provides traders with 24/7 customer support. Traders can contact the Pepperstone broker through email, phone, WhatsApp and live chat.
Pepperstone offers a maximum leverage of 1:30 for retail clients. Professional clients, however, can access higher leverage of up to 1:500.
To open an account with Pepperstone broker you do not require a minimum deposit.
If you are interested in learning more about the Pepperstone broker, check our full review here or watch the video below.
5. IC Markets
Assets Available | 7 Asset Classes - Forex, Commodities, Indices, Bonds, Crypto, Stocks, Futures |
Regulated By | ASIC, CySEC, FSA |
No. Of Trading Platforms | 4 Trading Platforms - MetaTrader 4, MetaTrader 5, cTrader and TradingView. |
Leverage | Up to 1:500 |
Spreads | From 0.0 pips |
Commission | From 0% |
Min Deposit | $200 |
Demo Account | Yes |
Education Provided | Trading courses provided |
Methods of Payment | Credit Card/Debit Card, PayPal, Neteller, Skrill, Wire transfer, BPay, Broker to Broker, RapidPay and Klarna |
Open Account |
The IC Markets broker is also another great broker for traders in UAE. The IC Markets broker was founded in Sydney Australia in 2007.
The IC Markets broker is regulated by several financial authorities, including the Australian Securities and Investment Commission (ASIC).
The IC Markets broker provides traders in UAE with 3 main account types. These are the raw spread cTrader/TradingView, raw spread MetaTrader and standard account. For the Raw spread accounts the spreads starts from 0.0 pips but for the standard account the spreads starts from 0.8 pips.
For the standard account, there are no commissions charged. For the raw spread cTrader/TradingView account, the commission charged is $3 per lot per side and for the raw spread MetaTrader account, the commission charged is $3.5 per lot per side.
This broker offers traders in UAE with several trading platforms. These are, TradingView, MetaTrader 4, MetaTrader 5 and cTrader trading platform.
The IC markets broker provides traders with 24/7 customer support. Similar to the previous brokers, you can contact the IC markets support through phone, email and live chat.
This broker provides a maximum leverage of up to 1:500. To start trading with the IC Markets broker, traders require a minimum deposit of $200.
If you are interested in learning more about the IC Markets broker, check our full review here or watch the video below.
Our Evaluation Methodology
We assess brokers through a comprehensive rating system that involves examining more than 100 data points across key categories. Our approach includes the following:
- Trust and Regulation – We verify each broker’s regulatory status and licenses to ensure they operate under the supervision of credible financial authorities, ideally tier 1 regulators.
- Cost Analysis – We scrutinise trading fees and compare them against industry standards by setting up and trading within live accounts.
- Platform Performance – We evaluate the trading platforms’ functionality, user interface, and available tools by conducting hands-on testing.
- Instrument Availability – We assess the diversity and range of tradable assets offered by each broker.
- Customer Service – We test the accessibility and competence of customer support by reaching out via various channels.
- Transaction Methods – We review the deposit and withdrawal options, focusing on fees and processing times.
- Account Variety – We analyze the different account types, considering their features, minimum deposit requirements, and execution methods.
- Educational Resources – We examine the quality and breadth of educational materials provided to help traders improve their knowledge and skills.
Conclusion
In this article, we talked about 5 different brokers that are great for traders in UAE. All these brokers are regulated and provide great features for traders in the UAE.
