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6 Best Forex Brokers in Dubai for 2024

Looking for the top broker in Dubai? Based on our hands-on analysis, we’ve identified 6 best options tailored to various trading needs. Practical tips from our experts are included.

By:
Dan Blystone
Reviewed By:
Ola Alder
Updated: Jul 17, 2024

List of Top Brokers and Trading Platforms in Dubai

Exness Terminal platform, MT4, MT5. Low fees. Social trading. Analysis from Trading Central.

Regulated by the SCA UAE. Fast execution speeds under 40 milliseconds. Extensive educational content. MT4 and MT5 platforms. Low minimum deposit of $50.

Spreads from 0.0 on Raw ECN account.  Cutting-edge Pro Trader platform powered by TradingView. MT4 and MT5. Copy Trader App. 1000+ tradable instruments.

MT4, MT5, ProTrader powered by TradingView. Platforms and customer support in Arabic. Broad range of tradable instruments. Regular live webinars.

Robust, user-friendly trading app. MT4, MT5, WebTrader, IRESS. Top-tier liquidity. Ultra-low spreads. 24/7 support. Copy trading. Research from Autochartist and Trading Central.

MT4 and MT5, AvaTradeGO. AvaSocial, Duplitrade, ZuluTrade.1,250+ instruments to trade on. High trust rating.

Forex and CFD Trading in Dubai

With over 3 million residents, Dubai is the most populous city in the United Arab Emirates (UAE). Tax benefits, modern infrastructure, and world-class amenities have made Dubai a magnet for traders. It is a leading luxury travel destination, and several major trading industry conferences take place in the city, such as Forex Expo Dubai and Forex Traders Summit Dubai.

The Dubai Financial Services Authority (DFSA) and the Securities and Commodities Authority (SCA) are key regulatory bodies that oversee forex and CFD brokers in Dubai and the broader UAE, ensuring the integrity and stability of the financial markets in their respective jurisdictions. The Central Bank of the UAE also plays a role in overseeing Forex activities in the country as a whole, as well as setting standards and regulations for the financial industry in the UAE. In

How Did FX Empire Select the Best Brokers for Dubai Residents?

FXEmpire's Methodology

We carefully considered the needs of traders in Dubai and focused on the points that benefit this group the most.

  • We looked for brokers regulated by the DFSA, SCA, or other top-tier regulators.
  • We made sure that a swap-free Islamic account is available.
  • We prioritized brokers providing UAE dirham (AED) as a base currency.
  • We searched for brokers that offer an Arabic version of their website.
  • We checked for brokers with customer service in Arabic.
  • We reviewed trust factors beyond regulation, such as transparency and stability of the broker.
  • We looked for brokers with headquarters situated in Dubai.
  • We assessed the competitiveness of brokers’ trading fees.
  • We used hands-on testing of each broker’s platform, looking for the most user-friendly and feature-reach on the market.

Our team of experts has identified each broker’s strengths and weaknesses using FX Empire’s comprehensive methodology. Here’s how we test.

Now let’s go through the selected brokers.

Best Overall

General Risk Warning: CFDs are leveraged products. Trading in CFDs carries a high level of risk thus may not be appropriate for all investors. The investment value can both increase and decrease and the investors may lose all their invested capital. Under no circumstances shall the Company have any liability to any person or entity for any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to CFDs.
  • Min Deposit
    $0
  • Tradable Instruments
    240
  • Fees
    Medium

Founded in 2008, Exness is a multi-faceted global forex and CFD broker providing trading in currencies, cryptocurrencies, stocks, indices, and commodities. One of the larger brokers I have reviewed, Exness has an active client base of over 400,000 and more than 2,000 employees across Asia and Europe (according to the broker’s website). Exness has 15 years of operating history and is regulated by multiple authorities, including top-tier CySEC and the UK FCA. Retail customers are assigned to entities regulated offshore.

Regional Features:

  • Dubai entity: Exness (SC) Ltd., regulated by Seychelles FSA
  • Available leverage: Up to 1:2000
  • Islamic accounts: Yes
  • Trading platforms in Arabic: MetaTrader 4, MetaTrader 5
  • Arabic version website: Yes
  • Customer support in Arabic: Yes
  • UAE dirham (AED) base currency: Yes

Exness offers a user-friendly Trading Terminal platform and also MetaTrader 4 and MetaTrader 5. Thanks to the intuitive proprietary platform and strong education and research materials, I judged Exness to be a suitable broker for beginners. Meanwhile, the availability of massive leverage, tight spreads, and advanced tools make it appealing to advanced traders.

Exness’s clients of different experience levels can choose between multiple account types that best match their needs – ranging from cent accounts to raw spreads accounts. Minimal swap fees and social trading capabilities are also a bonus for traders.

Pros
  • Tight spreads in forex pairs.
  • User-friendly platform
  • 5 account types for to beginners and professionals.
  • 24/7 support in Arabic.
  • Low fees.
Cons
  • Spreads in CFDs on indices could be more competitive.

Best for Beginners

CFDs can be very risky because they use leverage, which might not be suitable for everyone. The use of leverage means that even a small amount of money you deposit initially can lead to big losses due to market movements. CFD trading is particularly risky because the markets they involve are speculative and can change a lot. Trading these products could mean losing money, therefore, you must carefully consider your financial situation and risk tolerance before trading CFDs.
  • Min Deposit
    $50
  • Tradable Instruments
    14189
  • Fees
    Medium

MultiBank is one of the most well-established brokers I ever reviewed. It has a truly impressive global exposure, with offices spanning more than 25 countries. The company holds multiple top-tier regulations and adheres to some of the industry’s strictest safety requirements.

Regional Features:

  • Dubai entity: MEX Global Financial Services LLC, regulated by the UAE Securities And Commodities Authority (SCA)
  • Available leverage: Up to 1:500
  • Islamic accounts: Yes
  • Trading platforms in Arabic: MetaTrader 4, MetaTrader 5
  • Arabic version website: Yes

I was impressed by MultiBank’s fast order execution speeds of under 40 milliseconds, facilitating suitable conditions for precision and high-frequency trading. I thus assessed that beginner traders can benefit greatly from working with a broker with access to deep liquidity at very competitive terms.

I opened a Standard MultiBank account with floating spreads from 1.5 pips. MultiBank’s trading fees largely meet the industry average. And with a minimum deposit requirement of just $50, the account type is quite accessible to all kinds of traders. It also features 24/7 technical and account support, which is crucial for newbies. They can also benefit greatly from MultiBank’s extensive educational content covering a wide range of trading topics.

I tested MultiBank’s MetaTrader 5 platform, featuring over 50 technical indicators and drawing tools. The platform has a very easy learning curve and accommodates basic technical analysis. Beginners can also benefit from its easy order execution, one-click trading, depth of markets, and other essential trading features.

Pros
  • Competitive trading fees.
  • Fast order execution.
  • Reliable customer service.
  • Strong research and education resources.
Cons
  • Inactivity fee.

Best for Professional Traders

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
    $50
  • Tradable Instruments
    1039
  • Fees
    Medium

Moneta Markets was established in 2019 and is headquartered in Johannesburg, South Africa. I noted the broker’s competitive prices and wide range of tradable instruments. The spreads I recorded on instruments from every available asset class are better than the industry average. In addition, Moneta Markets’ rich offering of lower-risk securities like bonds enables the implementation of longer-term trading strategies.

Regional Features:

  • Dubai entity: Moneta Markets Ltd, regulated by FSA Seychelles
  • Available leverage: Up to 1:1000
  • Islamic accounts: Yes
  • Trading platforms available in Arabic: Pro Trader, MetaTrader 4, MetaTrader 5
  • Arabic version website: Yes
  • Platforms available in Arabic: Yes
  • Bonuses: 50% cashback bonus

I opened a Prime ECN account with the broker, which offers raw spreads starting from 0.1 pips and a $6 round-turn commission per traded lot. I calculated that to trade a full-sized EURUSD position, it would cost me $7 (0.1 pips spread x $10 pip value + $6 commission). Given that the industry average is around $10–$11, I concluded that Moneta Markets’ fees are very low.

I was impressed by the practicality of Moneta Markets’ proprietary Pro Trader platform, which is powered by the seamless TradingView. The platform supports over 100 analytical tools and is very flexible. Price action can be easily scaled up and down, giving the trader an intricate outlook into price action behavior. The mobile app version of the platform, AppTrader, retains the same level of practicality.

Pros
  • Very low spreads and commissions.
  • Wide choice of tradable instruments.
  • Suitable for high-frequency and long-term trading.
  • Versatile range of platforms.
Cons
  • Slow customer support.

Best Low Spreads

Trading derivatives carries significant risks. It is not suitable for all investors and if you are a professional client, you could lose substantially more than your initial investment. When acquiring our derivative products, you have no entitlement, right or obligation to the underlying financial assets. Past performance is no indication of future performance and tax laws are subject to change. The information on this website is general in nature and doesn't take into account your personal objectives, financial circumstances, or needs. Accordingly, before acting on the advice, you should consider whether the advice is suitable for you having regard to your objectives, financial situation and needs. We encourage you to seek independent advice if necessary. Please read our legal documents and ensure that you fully understand the risks before you make any trading decisions.
  • Min Deposit
    $50
  • Tradable Instruments
    935
  • Fees
    Low

Founded in 2009, Vantage is an award-winning multi-asset broker headquartered in Sydney, Australia. A significant player in CFD brokerage, Vantage has over 50,000 active clients worldwide, trading forex, commodities, indices, shares, and cryptocurrencies. Entities are regulated by the top-tier ASIC and the offshore CIMA, the company undergoes regular audits, and all client funds are held in a segregated trust account.

Regional Features:

  • Dubai entity: Vantage Global Limited, authorized and regulated by the VFSC
  • Available leverage: Up to 1:500
  • Islamic accounts: Yes
  • Trading platforms in Arabic: MetaTrader 4, MetaTrader 5, TradingView ProTrader
  • Arabic version website: Yes
  • Customer support in Arabic: Yes

My hands-on tests revealed that Vantage has better than average CFD spreads across forex, commodities, shares, and indices. For example, I experienced spreads of 26 pips in gold and 1 pip in the Dow 30.

The Arabic version of the website (vantagemarkets.com/ar/) allows UAE residents to easily navigate the site in their native language. 24/7 support in Arabic is available via live chat, phone, and email.

Pros
  • Tight spreads.
  • High trust rating.
  • No fees for deposits or withdrawals.
  • Excellent educational materials.
Cons
  • Chatbot must be navigated before reaching a live support agent.

Best Trading App

Contracts for Difference (CFDs) are leveraged over-the-counter derivative products and carry a high level of risk to your capital. You should only risk capital that you can afford to lose. In certain circumstances, due to fluctuations in market value you may not get back your initial investment amount. You may not only lose your initial investment but you may incur a liability to pay a further amount to cover losses. This means you can lose more money than you have invested.
  • Min Deposit
    $100
  • Tradable Instruments
    8977
  • Fees
    Low

Sydney, Australia-based FP Markets was founded in 2005 and has entities regulated by top-tier CySEC and ASIC. With over 800 instruments across stocks, indices, forex, commodities, and cryptocurrencies, traders can work with an exciting range of markets.

Regional Features:

  • Dubai entity: FP Markets LLC, registered with FSA of St. Vincent and the Grenadines
  • Available leverage: Up to 1:500
  • Islamic accounts: Yes
  • Trading platforms in Arabic: MetaTrader 4, MetaTrader 5, cTrader
  • Customer support in Arabic: Yes
  • Deposits/withdrawals in AED: Yes

FP markets’ clients can expect rock-bottom trading costs. Two main accounts are available: the commission-free Standard Account and the commission-based Raw Account with tighter spreads. In my active tests using the Standard Account, I experienced very competitive spreads – for example, as low as 14 pips in spot gold (XAU/USD).

The broker gives access to the markets via MT4/5, WebTrader, IRESS, and the proprietary FP Markets mobile app. The FP Markets mobile app is intuitive, and provides full account access, standard order types, charting with technical indicators, top-tier liquidity, and easy access to customer support.

Deposits and withdrawals are processed fast, and FP Markets does not apply any charges, even via bank wire. 24/7 customer support is available in Arabic, and clients can access swap-free Islamic accounts. My evaluation showed FP Markets to be an all-around winner, equally suitable for novice traders taking their first steps and experienced professionals looking for an edge in the market.

Pros
  • Extremely low spreads.
  • Well-designed mobile app.
  • Over 10,000 stocks from global exchanges.
  • Live webinars.
Cons
  • No proprietary web platform.

Best for Social and Copy Trading

Trading CFDs and FX Options entail risk and could result in the loss of your capital.
  • Min Deposit
    $100
  • Tradable Instruments
    853
  • Fees
    Medium

AvaTrade was founded in 2006, making it an early mover in the forex and CFD industry. The Dublin-based broker has grown tremendously since then and now provides services to 400,000 traders globally. With a broad network of regulatory compliance across several international agencies, such as ASIC and CySEC, it stands as a highly trusted player in the global trading landscape.

Regional Features:

  • Dubai entity: AvaTrade Middle East Ltd, regulated by Abu Dhabi FRSA
  • Available leverage: Up to 1:30
  • Islamic accounts: Yes
  • Trading platforms available in Arabic: AvaTrade WebTrader, AvaOptions, AvaTradeGo, MetaTrader 4, MetaTrader 5
  • Arabic version website: Yes
  • Customer support in Arabic: Yes

I was particularly impressed by the broad range of copy trading platforms available to AvaTrade clients. The MetaTrader-compatible DupliTrade platform allows traders to automatically copy more experienced traders’ strategies in-real time. The popular ZuluTrade platform enables clients to copy top-performing traders from different brokers. Meanwhile, AvaSocial allows clients to copy and learn from traders within the AvaTrade community.

AvaTrade provides a great range of trading accounts and platforms to trade on over 1,250 instruments covering forex, stocks, indices, commodities, cryptos, and FX options. Clients can select from various accounts suitable for beginner and advanced traders, including CFD, Islamic, and Options Accounts.

Pros
  • Multiple platforms for social and copy trading.
  • Good range of account types.
  • 1,250+ instruments to trade on.
  • High trust rating.
Cons
  • Spreads in the Dow 30 CFD could be more competitive.

How to Choose a Forex Broker in Dubai?

Consider the following questions when searching for a suitable broker to work with in Dubai.

Can I trust the broker?

Take into account the regulatory status of the broker. Forex brokers regulated by top-tier financial authorities must undergo audits, meet capital requirements, and provide segregated accounts and negative balance protection.

The UAE SCA requires brokers to segregate company and client funds and to provide negative balance protection. The UAE DFSA upholds high ethical standards by not allowing brokers to accept credit cards for funding trading accounts and by ensuring that all marketing and educational material is not misleading. A compensation fund is sometimes available in the event of broker insolvency.

You can search the regulator’s website to confirm the broker’s status and check for any disciplinary action. The broker’s size and operating history are also worth considering. You can usually find these on the company’s LinkedIn page.

Read more about Best regulated forex brokers.

Is the platform user-friendly?

An intuitive, easy-to-navigate platform will allow you to launch into the trading world with minimal hitches. The most user-friendly platforms are typically browser-based platforms created by the broker. Look for easy-to-implement features such as watchlists, trading from the chart, search, news, and a customizable interface.

Here are our picks of Best forex trading platforms.

The MetaTrader 4 and 5 platforms have advanced features like backtesting, automated trading, and a wide range of order types – but are less user-friendly. Also, check on the availability of a good, broker-designed (proprietary) mobile app.

The popular MetaTrader platform is available in Arabic, making it easier to navigate for non-English speakers in Dubai.

Read more about Best MetaTrader 4 brokers and Best MetaTrader 5 brokers.

Are the spreads competitive?

Working with a broker that keeps costs such as the spread to a minimum can make the difference between profit and loss at the end of the day. For example, a spread of 1 pip or less in EUR/USD is competitive and makes it much less expensive to enter and exit positions in the market.

This low cost of entering trades is a crucial point for day traders. Inactivity fees and fees for withdrawing funds are other areas to keep an eye on when considering a broker. Traders in Dubai can select from the world’s most competitive brokers in terms of fees, such as FP Markets, which offers better-than-average spreads.

Check out our guide on Best lowest spread forex brokers.

What fees are associated with an Islamic account?

Dubai residents also have the opportunity to trade on Islamic, or swap-free accounts that are designed to align with the principles of Islamic finance, particularly the prohibition of interest (‘Riba’).

In regular forex accounts, traders are typically charged or credited with swap fees (or interest) for positions held overnight. However, in Islamic forex accounts, swap fees are not applicable due to the prohibition of interest.

Instead, Islamic accounts commonly employ other types of fees. One such fee is the administration or financing fee, which is a fixed fee charged on trades held overnight. There may be a grace period where these fees are not applied, but it varies between brokers.

Additionally, Islamic accounts may charge slightly wider spreads to compensate for the absence of swap fees. A spread is the difference between the buy and sell price of a currency pair or other trading instrument.

Read more about best Islamic (swap free) forex accounts.

What is the minimum deposit?

The minimum deposit to trade live can vary from less than $100 to more considerable sums of over $1000.

Is AED available as a base currency?

Typically forex accounts are denominated in a currency like USD, EUR, GBP, or JPY. This currency (the base currency) shows your account balance. Some brokers offer AED as a base currency, making it a more familiar reference point for residents of the UAE.

Check out our guide to Best forex brokers in UAE.

What is the available leverage?

DFSA-regulated brokers can offer leverage of up to 1:30. SCA-regulated brokers can offer 1:500. If you decide to work with a UK (FCA) or EU (CySEC) based broker, the maximum is 1:30. While most offshore brokers offer 1:500 leverage or even higher in some cases.

Leverage is one of the most appealing features of CFD trading and can work in your favor when used wisely. Beware of using excessive leverage, even if it is tempting. It’s an enthralling feeling to control a large position in the market. But when markets are moving fast, and you hold a highly leveraged position, there is a high risk of losing money. Accounts can get wiped out in seconds.

Check out our guide on Best high leverage forex brokers.

Is customer support reliable?

As a forex trader in Dubai, it’s convenient to have customer support in your native language of Arabic, which is offered by some but not all brokers. Check the hours of availability, for example, whether help is on hand 24/7 or only during business hours. Chat support is the most convenient, so look for an easy-to-access chat window built into the broker platform. In the case of a platform outage, it is also helpful to be able to contact support via phone.

How to Avoid Forex and CFD Scams?

A common scam in the forex and CFD industry involves vendors offering a trading strategy that guarantees an outlandishly high return in little time. These may involve automated trading using bots or a signal service sharing trades via chat or social media. Nobody can guarantee returns with certainty, and it is more likely that such strategies will lose money. When assessing strategy or signal providers, you should look for a live track record audited by a third party, but remember that past performance does not guarantee future results.

Traders should also be highly cautious about opening an account with an unregulated offshore broker. Such brokers may offer a straightforward account opening process, bonuses, and high leverage levels, but client funds are not protected. Meanwhile, brokers regulated by top-tier authorities must undergo regular audits and are held accountable for misconduct. Traders can also benefit from having their funds held in segregated accounts, negative balance protection, and a compensation fund in the event of broker insolvency.

Our Methodology

In selecting the best forex brokers for Dubai residents, we used the results of our advanced proprietary methodology. All of the brokers listed were among the leaders in our tests.

FXEmpire has been reviewing brokers since 2010 and has pioneered the in-depth evaluation of CFD brokers. Our process has taken years to refine and involved hundreds of reviews. We’ve gone to a granular level—with over 250 data points in our analysis of each broker—so you can feel confident selecting the right platform. To provide the most comprehensive view, we break down the brokers into nine categories: trust, fees, platform and tools, tradable instruments, customer service, deposit and withdrawal, account types, research, and education.

In our broker reviews, we explain complex areas like regulatory status, so you can easily understand the safety of your funds and other benefits. All our winning brokers listed above have at least one entity licensed by a top-tier regulator.

We gather data through live testing, research, detailed questionnaires, and in-person broker demonstrations. An account is opened with each broker, focusing primarily on the services of one entity and testing using the most standard account type and platform. We conduct live tests of spreads and measure overnight swap fees and account-related costs.

Our side-by-side analysis reveals whether a broker is competitive compared to its rivals. Trading platforms take time to master, but we have already done the legwork for you, and our evaluations highlight their essential features and usability.

FX Empire abides by strict guidelines for editorial integrity. We base our scoring on objective criteria and mostly measurable data, so individual preferences or biases cannot sway our reviews. The review process is independent and follows a strict protocol. In addition, we carefully check and recheck facts, as broker reviews are continually updated. Learn more about our methodology here.

For this guide, we sought out brokers regulated by DFSA and SCA or other top-tier authorities that hold a license to provide financial services in Dubai. We also thoroughly reviewed trust factors that go beyond regulation, including the transparency and stability of each broker.

We ensured the availability of a swap-free Islamic account and prioritized brokers who provide UAE dirham (AED) as a base currency. We favored brokers offering an Arabic version of their website and customer service in Arabic and also checked if the companies have offices in Dubai. In addition, we scrutinized the competitiveness of each broker’s trading fees to ensure value for traders and tested each broker’s trading platform to identify the most user-friendly and feature-rich options on the market.

Meet Our Writers

The team of forex and CFD writers and editors at FX Empire comprises trading industry professionals and seasoned financial journalists. Our writers have been published on leading financial websites such as Investopedia and Forbes. In addition, they all have extensive trading experience.

Get to Know Our Authors

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Jitan SolankiBroker Analyst

Jitan Solanki is a professional trader, market analyst, and educator. He day trades major currency and index markets and focuses on swing trading US equities and commodities. A qualified Market Technician, Jitan also works with trader education and brokerage companies on various projects. These include market analysis, live trading events, and broker reviews. As an experienced trader and educator, Jitan brings all his qualities in action when reviewing and recommending brokers.

Plamen StoyanovBroker Analyst

Having been a retail trader since 2013, Plamen has gained an in-depth understanding of the challenges that novice traders face today. His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Plamen’s favourite trading instruments include FX majors and gold. He earned a Bachelor's degree in Economics and International Relations. Plamen's broad experience has equipped him with the expertise to recommend the best forex brokers.

Vladimir ZernovBroker Analyst

In more than 15 years of trading in the financial markets, Vladimir dealt with a wide range of brokers and financial instruments. His career as a day-trader at a proprietary trading firm goes back to 2007. Later, Vladimir turned to longer time frames and became an independent trader and analyst managing his own portfolio. Using his experience, he helps traders find the best broker in his reviews.

Yes, forex trading is legal in Dubai. However, it is heavily regulated to protect investors and maintain the integrity of the financial markets. The main regulatory body in Dubai is the Dubai Financial Services Authority (DFSA), which oversees financial and ancillary services conducted in or from the Dubai International Financial Centre (DIFC).
Yes, Muslims can engage in forex trading, provided it adheres to Islamic finance principles, specifically the prohibition of interest or 'Riba'. To accommodate this, many brokers offer Islamic or swap-free accounts that avoid interest fees. However, as opinions vary among Islamic scholars about forex trading's permissibility, individuals should consult with a knowledgeable scholar or financial advisor to ensure compliance with their religious beliefs.
Forex trading is permissible, or halal, via the ‘Islamic Accounts’ feature, which affords swap-free trading.
An Islamic or swap-free account is a special type of trading account offered by many forex brokers. It is designed to comply with Islamic law, also known as Shariah law, which prohibits the collection or payment of interest or "Riba".
The Securities and Commodities Authority (SCA) and the Dubai Financial Services Authority (DFSA) are both financial regulators in the UAE, but they oversee different jurisdictions. The SCA regulates financial activities across the UAE excluding the special economic zones, while the DFSA specifically governs those within the Dubai International Financial Centre (DIFC). Both bodies license firms, supervise activities, and ensure compliance with relevant laws to protect investors and maintain fair markets.
You can verify if a forex broker is regulated in Dubai by checking their website for their license number and regulatory body details. If the broker claims to be regulated by the Dubai Financial Services Authority (DFSA) or the Securities and Commodities Authority (SCA), cross-check this information by looking at the DFSA's public register or the SCA's licensed firms list available on their respective websites.
We recommend FBS for new forex and CFD traders in Dubai thanks to the availability of a cent account, intuitive trading app, and extensive educational content.
We rate ADSS as suitable for advanced traders in Dubai thanks to its advanced platforms, competitive fees, and one-on-one support.
United Arab Emirates, which includes Dubai, does not impose income tax or capital gains tax on individuals, and this includes profits made from Forex trading. This means that residents and citizens in Dubai who earn income from Forex trading are generally not required to pay tax on their profits.
Yes. Residents of Dubai can trade with brokers based outside the UAE.
Yes, cryptocurrency trading is legal and available in Dubai and across the broader UAE.
No, you cannot. Forex brokers serve as intermediaries and provide retail traders access to the forex market, allowing them to open and close trading positions. Without a broker, individual traders wouldn't have access to forex liquidity and real-time market prices. Therefore, it's generally necessary to use a forex broker to trade forex.
1:30 is the maximum leverage, the same as FCA and CySEC.

About the Author

Dan BlystoneBroker Analyst

Dan Blystone began his career in the trading industry in 1998 on the floor of the Chicago Mercantile Exchange. Later Dan gained insight into the forex industry during his time as a Series 3 licenced futures and forex broker. He also traded at a couple of different prop trading firms in Chicago. Dan is well-equipped to recommend the best forex brokers due to his extensive experience and understanding of the brokerage industry.

Why you can trust FX Empire

At FXEmpire, we strive to provide unbiased, thorough and accurate broker reviews by industry experts to help our users make smarter financial decisions.

Why you can trust FX Empire

FXEmpire was founded in 2011, making us one of the first forex broker review sites. You can trust FXEmpire because of our thorough and unbiased review process. With over a decade of experience, we have a team of industry experts who conduct rigorous tests to ensure our reviews are accurate and unbiased. Our reviews are designed to bring clarity and confidence to the process of choosing a broker, and are based on objective criteria and measurable data. Our editorial team is composed of trading industry professionals and seasoned financial journalists, who ensure that our reviews are accurate and unbiased. Additionally, our review system is based on 9 core categories and over 250 distinct variables, which ensures that all aspects of a broker are considered before giving a final rating. So, you can trust FXEmpire to provide you with honest and informative reviews that will help you make an informed decision on which broker will best enable you to reach your financial goals.