Best Forex Brokers in Dubai
Dubai is a major financial hub in the Middle East with a variety of local and offshore brokers offering their services there. So how do you choose the best Dubai forex broker for you? Here’s how, choose from the recommended brokers which we have conducted due diligence on, to narrow down your selection.
The brokers below represent the best forex brokers for trading in Dubai.
| Broker | Official Site | Regulations | Min Deposit | Max Leverage | Trading Platforms | Foundation Year | Publicly Traded | Trading Desk Type | Currencies | Commodities | Indices | Stocks | Crypto | offers promotions |
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 | Visit Broker> This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations. | ASIC, CySEC | $100 | 1:30 (ASIC), 1:30 (CySEC) | MT4, MT5, IRESS, WebTrader | 2005 | DMA, ECN, No dealing desk, STP | |||||||
 | Visit Broker> Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change. | ASIC, FSC, SVGFSA | $100 | 1:30 (ASIC), 1:30 (FSC), 1:500 (SVGFSA) | MT4, MT5, WebTrader | 2017 | DMA, ECN, No dealing desk, STP | |||||||
 | Visit Broker> Your capital is at risk | ASIC, CySEC, FSCA, FSC | $1 | 1:30 (ASIC), 1:30 (CySEC), 1:500 (FSCA), 1:3500 (FSC) | MT4, MT5, Proprietary | 2009 | ECN, No dealing desk, STP | |||||||
 | Visit Broker> 71% of retail investor accounts lose money when trading CFDs with this provider | ASIC, CySEC, FSCA, FSA(JP), FSC, BVI, CBI | $100 | 1:30 (ASIC), 1:30 (CySEC), 1:400 (FSCA), 1:25 (FSA(JP)), 1:400 (FSC), 1:400 (BVI), 1:30 (CBI) | MT4, MT5, Proprietary, AvaSocial, AvaTradeGo, AvaOptions, WebTrader | 2006 | Market Maker | |||||||
 | Visit Broker> 82% of retail CFD accounts lose money | FCA, CySEC, FSC | $50 | 1:30 (FCA), 1:30 (CySEC), 1:3500 (FSC) | MT4, MT5, Proprietary | 2011 | No dealing desk, ECN, Market Maker |
FP Markets
Regulated by:ASIC, CySEC
Headquarters:Australia
Foundation Year:2005
Min Deposit:$100
This material on this website is intended for illustrative purposes and general information only. It does not constitute financial advice nor does it take into account your investment objectives, financial situation or particular needs. Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from FP Markets. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Contracts for Difference (CFDs) are derivatives and can be risky; When trading CFDs you do not own or have any rights to the CFDs underlying assets. FP Markets recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from FP Markets can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. First Prudential Markets Pty Ltd (ABN 16 112 600 281, AFS Licence No. 286354). FP Markets is a group of companies which include, First Prudential Markets Ltd (registration number HE 372179), a company authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC License number 371/18, Registered Address: Griva Digeni, 109, Aigeo Court, 2nd floor, 3101, Limassol, Cyprus. FP Markets does not accept applications from U.S, Japan or New Zealand residents or residents from any other country or jurisdiction where such distribution or use would be contrary to those local laws or regulations.
A solid Australian broker, with sturdy ASIC regulation that offers transparent dealing, across a wide selection of 10,000 plus assets. A variety of account types across Forex and CFD’s and 0 pips spreads on their ECN trading. Leverage on the MT4 platform of up to 1:500 and trading of Bitcoin too.
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ZeroMarkets
Regulated by:ASIC, FSC, SVGFSA
Headquarters:Australia
Foundation Year:2017
Min Deposit:$100
Commission, interest, platform fees, dividends, variation margin and other fees and charges may apply to financial products or services available from ZERO Financial Pty Ltd. The information in this website has been prepared without taking into account your personal objectives, financial situation or needs. You should consider the information in light of your objectives, financial situation and needs before making any decision about whether to acquire or dispose of any financial product. Derivatives can be risky; losses can exceed your initial payment and you must be able to meet all margin calls as soon as they are made. When trading Contract for Difference (CFD) you do not own or have any rights to the CFDs underlying assets. ZERO recommends that you seek independent advice from an appropriately qualified person before deciding to invest in or dispose of a derivative. A Product Disclosure Statement for each of the financial products available from ZERO can be obtained either from this website or on request from our offices and should be considered before entering into transactions with us. *Highest overall client satisfaction winner – FP Markets team. Investment trends 2016 Australia CFD Report. The information in this site is current at the date of publication but may be subject to change.
Headquartered in Australia, Zero Markets was founded in 2017. The broker offers trading in forex, indices, commodities, stocks, bonds, and cryptocurrencies. Zero Markets provides services via three entities: Zero Financial Pty Ltd (Australia), Zero Financial Ltd (Mauritius), and Zero Markets LLC (St. Vincent & the Grenadines). Traders should note that Zero Markets LLC is unregulated.
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FBS
Regulated by:ASIC, CySEC, FSCA, FSC
Headquarters:Cyprus
Foundation Year:2009
Min Deposit:$1
Your capital is at risk
FBS is a Forex ECN and CFD broker which was established in 2009 and is regulated by the IFSC in Belize and the CySEC in Cyprus. Since then, the brand has grown in size, capacity and technology and now supports 12 million traders from over 190 countries trading across Forex, Commodities, Metals, Cryptocurrencies and more.
FBS uses the hybrid broker model of Straight Through Processing (STP) and an Electronic Communications Network (ECN). There is no dealing desk as orders are passed directly into the systems of the liquidity providers at the actual market prices.
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AVATrade
Regulated by:ASIC, CySEC, FSCA, FSA(JP), FSC, BVI, CBI
Headquarters:Ireland
Foundation Year:2006
Min Deposit:$100
71% of retail investor accounts lose money when trading CFDs with this provider
AvaTrade is a broker that provides a great range of trading accounts and platforms to trade on more than 1,250 instruments covering Forex, stocks, indices, commodities, cryptos and FX options. Regulated by eight financial regulators around the world, the services are mainly geared towards beginners but there are some useful tools for advanced traders as well.
From our live testing, opening an account with AvaTrade was fast and very simple. There are different investor protections depending on which jurisdiction you open an account with but everything is laid out transparently on the broker’s website which is always good to see.
While there are a lot of platforms geared towards advanced traders such as MetaTrader 4, MetaTrader 5 and AvaOptions, beginner traders will be able to navigate the AvaTradeGo mobile trading app with ease.
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FXTM
Regulated by:FCA, CySEC, FSC
Headquarters:Cyprus
Foundation Year:2011
Min Deposit:$50
82% of retail CFD accounts lose money
Established in 2011, FXTM is a global forex and CFD broker headquartered in Limassol, Cyprus. FXTM offers trading in forex and CFDs on commodities and indices via the MetaTrader platform and the FXTM Trader App. FXTM is regulated in multiple jurisdictions, and all client funds are segregated from the firm’s assets and held in top-tier banks. FXTM has offices in Europe, Africa, Asia, and Latin America and has served 4 million clients across 180 countries, according to the company website.
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General Regulation & Regulation
Regulation of forex trading in Dubai is carried out by the Central Bank of UAE, and licensing of brokers is performed by the Securities and Commodities Authority (SCA). The SCA was established in 2000 and has a collaborative reporting mechanism to several international regulatory and tax organizations.
Dubai has a number of local as well as offshore forex brokerage companies offering forex to citizens and residents of Dubai. There are also offshore brokers which maintain a presence in Dubai, either by operating full-fledged regional offices or by working with partner firms based locally.
Trading Platform & Software
What kinds of trading platforms and software will you have access to as a Dubai forex trader? Dubai forex brokers provide their clients with a range of turnkey and proprietary software for trading. Apart from the MT4, other software such as the NinjaTrader and JAVA-based trading software are provided. Some of these platforms come with mobile and web-based versions as well.
Commissions & Spreads
Dubai forex brokers who function as market makers do not charge commissions on forex trades. However, Dubai forex brokers who operate the ECN model charge commissions on forex trades. Both categories of forex brokers charge commissions on CFD trading. Traders are offered at least 50 forex pairs to trade with on many of the major brokerage platforms, with minimum spread of 1.5 pips. Spreads can be as high as 100 pips on exotic pairs such as the USD/MXN or USD/ZAR.
Account Types
Some Dubai forex brokers will provide trading account stratification to accommodate different types of traders. Traders will have access to beginner-level accounts, intermediate accounts as well as VIP account types.
Customer Service
Dubai is an international hub. Therefore, in addition to the locally spoken Arabic language, Dubai forex brokers offer highly efficient and knowledgeable customer service in different international languages such as English, French, Spanish, German, Portuguese, and Mandarin.
Additional Services
The competition among Dubai forex brokers is high, and many will provide extra services to traders such as managed account services, forex VPS services, social trading services and account funding bonuses.
FAQ’s
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Is Forex trading legal in Dubai?
Yes, forex trading is legal in Dubai.
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Does Dubai regulate forex trading?
Dubai regulates and licenses forex brokers. The Central Bank of UAE provides regulation of the forex market, while the SCA licenses each individual forex brokerage.
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Can Dubai forex traders trade with brokers in other EU countries?
Yes, if those brokers are MiFID compliant.
Here we have a list of the most recommended Dubai forex brokers that can provide you with reliable forex brokerage services as well as a wide range of instruments and markets to trade.
Conclusion
There are very valid options to choose from when it comes to Dubai forex brokers. You can trade with local brokers who are licensed by the SCA, or you can trade with licensed offshore brokers that offer their services to Dubai citizens and residents.