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5 Best Forex Brokers in Qatar for 2024

Searching for the top forex broker in Qatar? Based on our hands-on analysis, we’ve identified the 5 best options tailored to various trading needs. Practical tips from our experts are included.

Plamen Stoyanov
Reviewed By:
Ola Alder
Updated: Jan 18, 2024

List of Top Forex Brokers and Platforms in Qatar

Forex Trading in Qatar

Forex trading has become increasingly popular in Qatar. This growth is due to Qatar’s strong economy, increasing knowledge about finance, and high investment potential.

Regulatory bodies like the Qatar Financial Centre (QFC) and the Qatar Central Bank typically oversee financial activities in the country. These entities ensure that forex brokers operating in the country adhere to strict regulations to safeguard traders’ interests. It’s paramount for traders to choose a broker who is fully regulated and transparent in their operations to guarantee a secure and favorable trading environment.

How Did FX Empire Choose the Best Forex Brokers in Qatar?

  • International regulation. We only picked highly transparent and regulated brokers with a license to provide financial services to traders in Qatar.
  • Islamic account. We confirmed the brokers offer swap-free trading via Islamic accounts.
  • Payments in Qatar riyal (QR). We verified which payment methods offered by each broker support deposits and withdrawals in QR.
  • Localized website, platforms, and customer support. We only selected brokers that have integrated the Arabic language into their websites, as well as offer platforms and customer support in Arabic.
  • Low fees. We estimated the competitiveness of brokers’ pricing mechanisms by looking at their spreads, commissions, swaps, and more.
  • Trading software. We ensured brokers support user-friendly platforms that accommodate penetrating technical analysis and are supported by sophisticated tools.
  • Diverse account types. We selected brokers that offer a wide range of different accounts catering to different types of traders.
  • Range of markets. We estimated how many instruments and from which asset classes brokers offer.
  • Trading experience. We looked for quality supporting materials, including research and educational content, that offer traders a 360-degree view of market developments.

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

Now let’s dive into 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
  • Tradable Instruments
  • Fees

Exness is a forex and CFD broker that was founded in 2008. It’s headquartered in Limassol, Cyprus, and has offices in the UK, Africa, and elsewhere. What makes Exness such a well-rounded broker is the combination of professional-grade services and low overall costs. I was impressed by its average execution speed of under 25 milliseconds for 80% of all trades. At the same time, Exness has a very low minimum deposit requirement of $200.

Regional Features:

  • Entity for Qatari traders: Exness (SC) Ltd, regulated by the Financial Services Authority (FSA) in Seychelles, license no. SD025
  • Value of trade: Around $10
  • Islamic accounts: Yes
  • Deposits and withdrawals in QR: Credit/debit card
  • Arabic version of the website: Yes
  • Customer support in Arabic: Yes

Exness incorporates the MetaTrader 4&5 and also has its proprietary platform – Exness Terminal. The latter supports over a hundred technical indicators, drawing tools, and multiple timeframes and chart types. I found the Exness Terminal more versatile than MT4 and MT5 as it can be used to carry out complex technical analyses.

The broker offers commission-free trading and floating spreads from 0.3 pips, which is quite low. Overall, I concluded that Exness’ trading fees across different markets are below the industry average. Additionally, I checked Exness’ educational content and found it very useful spanning a wide range of important topics: from the basics of technical analysis to the intricacies of risk management and trading psychology.

  • Diverse account types.
  • Ultra-fast execution speeds.
  • Intuitive proprietary platform.
  • Great research content.
  • Lack of options for deposits and withdrawals in QR.

Best Trading Tools

The value of your investments can go down as well as up. Losses can exceed deposits on margin products. Complex products, including CFDs and FX, come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money. 74% of retail investor accounts lose money when trading CFDs with this provider.
  • Min Deposit
  • Tradable Instruments
  • Fees

Whether you are a high-frequency algo trader interested in API connections or a longer-term investor interested in a balanced offering of lower-risk securities and higher-yield/risk assets, SaxoBank has got you covered with its extremely diverse offering of tools and services. The broker was founded in 1992 in Denmark and is authorized by multiple top-tier regulators.

Regional Features:

  • Entity for Qatari traders: Saxo Bank A/S, regulated by the Danish FSA
  • Value of trade: Around $15
  • Deposits and withdrawals in QR: Credit/debit card, bank wire
  • Arabic version of the website: Yes
  • Customer support in Arabic: Yes

I conducted my tests on a Classic account, which features a $6 round-turn commission per traded lot (100,000 units) and floating spreads from 0.9 pips. This combination generally meets the industry average, however, there are exceptions.

SaxoBank’s proprietary platforms – SaxoTraderGo and SaxoTraderPro – are extremely versatile. They offer more than 80 analytical tools and chart configurations and can be used for sophisticated order execution and technical analysis.

The broker provides FIX API for enhanced automated trading. Saxo also incorporates content from Autochartist, which is one of the biggest market analysis and trading ideas providers in the industry. For those interested in stock trading, Saxo incorporates Dynamic Trend – a tool for advanced stocks and options trading.

  • Over 45,000 trading instruments
  • Licensed by 9 top-tier regulators
  • Professional-grade platforms
  • Content from Autochartist and Dynamic Trend
  • High spreads

Best for Professional Traders

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
  • Tradable Instruments
  • Fees

FP Markets is a well-known brand in the trading industry, trusted by professional traders to deliver the extra quality they need to make the most out of their strategies. FP Markets was founded in 2005 in Australia. It is authorized by multiple top-tier regulators, such as CySEC and ASIC, and offers professional-grade services. What stood out the most to me in FP Markets’ service are its execution standards.

The broker has access to deep liquidity and manages an average execution speed of under 40 milliseconds. This reduces the risk of negative slippage and supports the execution of high-precision strategies, such as scalping. In short, I found FP Markets the best choice for advanced traders because of its excellent execution performance and access to over 800 tradable instruments.

Regional Features:

  • Entity for Qatari traders: FP Markets LLC, unregulated
  • Value of trade: Around $11 on a Standard account and $7 on a Raw account
  • Islamic accounts: Yes
  • Deposits and withdrawals in QR: Bank wire
  • Arabic version of the website: Yes
  • Customer support in Arabic: Yes

Professional traders can choose between MetaTrader 4&5 and the seamless cTrader platform. The latter has advanced charting features and affords the execution of sophisticated technical analysis. I also checked FP Markets’ supporting tools and discovered that the broker incorporates the two most trusted financial analysis services – Trading Central and Autochartist. For social trading, you can choose between Signal Start and Myfxbook Autotrade.

Concerning its pricing mechanism, I evaluated FP Markets’ fees to be below the industry average. Its Standard account offers commission-free trading and floating spreads from 1.0 pips, whereas the Raw account type has floating spreads from 0.0 pips and a $6 round-turn commission. In my experience as a high-frequency trader, Raw accounts are better for intraday trading.

  • Fast order execution.
  • Low commissions.
  • Over 800 tradable instruments.
  • Range of research tools.
  • No proprietary platform.

Best Low Spreads

Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
  • Min Deposit
  • Tradable Instruments
  • Fees

IC Markets is a forex and CFD broker founded in 2007 and headquartered in Sydney, Australia. Traders from Qatar can sign up with its Seychelles-based entity, which ensures most of the essential safety mechanisms.

Regional Features:

  • Entity for Qatari traders: Raw Trading Ltd, regulated by Financial Services Authority (FSA) in Seychelles, license no. SD018
  • Value of trade: Around $7 on a Standard account; $7 on cTrader Raw account; $7.5 on MetaTrader Raw account
  • Islamic accounts: Yes
  • Deposits and withdrawals in QR: Credit/debit card
  • Arabic version of the website: Yes
  • Customer support in Arabic: Yes

IC Markets offers commission-free trading and floating spreads from 0.6 pips on its Standard account and raw spreads from 0.0 pips plus a $6 round-turn commission per lot on its Raw account type. I assessed that trading 1 lot on the EUR/USD pair will cost you around $7, which is quite low against the industry average of $10.

IC Markets has one of the most competitive pricing mechanisms in the industry, which is complemented by the broker’s access to deep liquidity. I measured its average execution speed to be below 66 milliseconds, which I consider suitable for the execution of high-frequency and high-volume trading.

Traders can choose between the popular MetaTrader 4&5 and cTrader platforms. The latter has lower commissions, a more intuitive design, and is generally more feature-rich. I also like that cTrader gives greater flexibility to scale price action up and down, making it easier to spot viable trading opportunities.

  • Reliable and safe broker.
  • Very tight spreads.
  • Fast order execution.
  • Free VPS hosting.
  • No third-party tools.

Best Forex Trading Platforms

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

AvaTrade is a well-known name in the online trading industry with global exposure and top-tier licensing. The broker offers a range of platforms, mobile apps, and tools to choose from depending on your trading style and goals.

Regional Features:

  • Entity for Qatari traders: AvaTrade Middle East Ltd, regulated by the Financial Services Regulatory Authority (FSRA) in Abu Dhabi, license no. 190018
  • Value of trade: Around $9
  • Islamic accounts: Yes
  • Deposits and withdrawals in QR: Credit/debit card
  • Arabic version of the website: Yes
  • Customer support in Arabic: Yes

AvaTrade incorporates the widely popular MetaTrader 4&5. The performance of the two retail platforms is enhanced with AvaTrade’s proprietary ‘Guardian’, a risk management tool that helps you gauge market sentiment.

For automated trading, you can choose AvaSocial, DupliTrade, and ZuluTrade. They help signal followers find the best signal providers whose strategies fit their own styles and goals. And finally, there are Ava’s proprietary WebTrader and AvaOptions platforms. I enjoyed the latter the most because I have always sought solutions that offer the greatest flexibility to hedge risk and manage volatility.

I also checked how much it will cost you to execute a 1 lot trade on the EUR/USD and measured the value of such a hypothetical trade at $9 which is below the industry average. The competitiveness of AvaTrade’s pricing and the possibility to implement tight risk management even on the go is what I found makes Ava such a great choice for more risk-averse traders.

  • Top-tier licensing.
  • Offers options trading.
  • Wide range of platforms and tools.
  • Low spreads.
  • Compensation scheme not available to traders from Qatar.

Our Methodology

Here at FX Empire, we have pioneered a unique methodology for evaluating forex and CFD brokers worldwide. Understanding traders’ goals and needs, our aim is to provide a comprehensive picture of a broker’s pros and cons so that our readers can make informed decisions and choose the best partner for their trading journey.

Our team of dedicated professionals is working continuously to improve our system and keep it up-to-date with current market trends. We test each broker systematically by employing over 250 variables across nine categories:

  • Trust
  • Fees
  • Account Types
  • Tradable Instruments
  • Platforms and Tools
  • Deposits and Withdrawals
  • Customer Support
  • Research
  • Education

We strive to be as objective as possible, which is why our rigorous examinations are devoid of any personal bias as much as possible. We review the licenses of all the subsidiaries of a broker and check the fine print in the Client Agreement. The reliability of a broker is further determined based on the website’s regulations, fees, and general transparency.

We collect essential information by opening a live account with a broker entity and testing its services in real time. We measure the spreads, swaps, and commissions on its most popular account type and compare our findings to the industry average.

We also test the functionality of the available platforms, the number and types of tradable instruments, the reliability of customer support, and the quality of the research and educational materials.

For this guide, we prioritized regulated and transparent brokers that hold a license to provide financial services in Qatar. Emphasizing inclusivity, we selected brokers offering swap-free Islamic accounts. Compatibility with local requirements was another crucial consideration, and we verified the brokers’ support for payments in Qatar riyal (QR), along with localized websites, platforms, and Arabic customer support.

Our analysis also evaluated the competitiveness of each broker’s pricing mechanism, studying their spreads, commissions, and swaps. We calculate the value of a hypothetical 1 lot (100,000 units) trade on the EURUSD, which gives us a benchmark to compare brokers.

Considering various traders’ needs and levels of experience, we broke down our picks into different categories.

We abide by our strict guidelines for editorial integrity based on the objective standards we have set for our reviews. You can read more about our review process here.

Meet Our Writers

The team of forex and CFD analysts and editors at FXEmpire is composed of trading industry professionals and seasoned financial journalists. Our experts 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.

How to Choose a Forex Broker in Qatar?

Now that I have covered our top picks for each category, it is time to outline the specific considerations traders need to make when looking for a trustworthy partner:

How to find a safe broker?

In order to make sure you are dealing with a trustworthy partner, you need to make sure that the broker entity you choose is tightly regulated and complies with all industry safety requirements.

I have broken down the most important safety mechanisms to look for in a broker below:

  • Segregation of client funds. Brokers must keep their clients’ funds in separate bank accounts from the ones used for their corporate capital. This is crucial for mitigating the risk of accounting errors.
  • Negative balance protection. Negative balance protection means that a trader’s losses cannot exceed their account balance. This protection is indispensable when trading high-risk instruments, such as Contracts for Difference (CFDs).
  • Limited market exposure. Beginners are especially susceptible to the risk of adverse price fluctuations, which is why the maximum leverage for retail traders is recommended to be at 1:30. Anything beyond that can be too risky for inexperienced traders.
  • Compensation scheme. Depending on the jurisdiction where a broker is situated, a compensation scheme may also protect its clients against the company’s credit risk and liabilities. For instance, brokers regulated by the Cyprus Securities and Exchange Commission (CySEC) participate in the Investor Compensation Fund (ICF). In the unlikely event of the company becoming insolvent, traders can be compensated by up to 20,000 EUR. The Financial Services Compensation Scheme (FSCS) – under The Financial Conduct Authority (FCA) in the United Kingdom – protects traders by up to 85,000 GBP.

Generally, offshore regulators offer higher leverage but weaker overall protections. In contrast, top-tier regulators seek to limit the maximum market exposure afforded to traders via leverage by capping it.

Read more about Best regulated forex brokers.

How to verify if a broker is regulated?

  • Check the Broker’s Website: Legitimate, regulated brokers typically display their license number and the name of their regulator on their website, often in the footer or “About Us” section.
  • Visit the Regulator’s Website: Every country’s financial regulator has a website where they list all the brokers they regulate. Search for the broker’s name to see if they’re listed.
  • Contact the Regulator: If you can’t find the information you’re looking for, you can directly contact the regulator with the broker’s name and any other identifying information you have.
  • Check for Memberships: Regulated brokers often belong to compensation schemes or organizations that protect clients’ funds. Check if the broker mentions such memberships on their website.

How to check if a broker’s fees are competitive?

A broker may have several account types, each with different pricing mechanisms. The question is, how to know which one is best fitted for your particular style of trading? I will try to answer this question by providing an example with two distinct accounts, one STP and the other ECN:

The biggest difference between STP and ECN accounts, apart from the execution model, is the pricing mechanism. Usually, STP accounts afford commission-free trading and floating spreads, whereas ECN accounts have fixed commissions and raw spreads (typically starting from 0.1 pips). At first glance, the former sounds more favorable because you only have to pay one cost – the spread – rather than two.

Read more about Best STP forex brokers and Best ECN forex brokers.

Many brokers recognize the psychological significance of this sort of thinking and seek to exploit it by raising the spreads on their STP accounts to the point where they are no longer the more competitive option. I will now demonstrate how to do a quick test for yourself to evaluate the competitiveness of a broker’s ECN and STP accounts.

Pick an instrument, say, the EURUSD. Suppose also that the spread on the pair is 0.9 pips on a broker’s STP account and 0.1 pips on its ECN account. There is also a $6 commission for trading 1 lot (100,000 units) contract. If the EURUSD pip value is $10, you can do a simple calculation to determine the value of a hypothetical position on the EURUSD executed on both account types. The formula is the value of a trade = spread x pip value + commission. When we pop in the above values, this is what we discover about our hypothetical broker:

Account Type Spread Commission Net Cost
STP 0.9 pips $0 $9
ECN 0.1 pips $6 $7

This is just a hypothetical example, but hopefully, it illustrates how more can be less in trading. So it’s worthwhile evaluating the costs of a broker you consider opening an account with for yourself before doing so. And if you are still uncertain, you can always check out our database of reviews to sort out the most competitive brokers.

Read more about Best lowest spread forex brokers.

What fees are associated with an Islamic account?

Qatari 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.

How to choose a trading platform?

A trading platform is your window into the market. It allows you to observe price action behavior and study potential opportunities for placing orders. Technical traders use a platform’s array of indicators, drawing tools, and other features to examine various price patterns, changes in volatility, liquidity, and so on in order to gauge the most favorable times to enter or exit the market.

The best platforms are also the most versatile ones. They include a wide spectrum of technical indicators, such as Fibonacci retracement levels, oscillators, trend-based and range-based indicators, and others, as well as drawing tools, such as trend lines, channels, wedges, etc. They are also the ones that allow you to easily scale price action up and down.

In addition to these components, when looking for a suitable platform, you must also look for efficiency. Ask yourself: Does the platform facilitate easy and rapid order placement through one-click trading? Does it support algorithmic trading via Expert Advisors (EAs)? Can it handle market, limit, and stop orders? These factors, and more, contribute to a platform’s overall effectiveness.

Check out our dedicated guide on best forex platforms.

The two most popular retail platforms in the industry are MetaTrader 4&5. Over the years, the two have become the benchmark for simplicity and reliability. The two entries in the popular franchise have a decent range of technical indicators and drawing tools and afford multi-timeframe analysis.

However, despite MetaTrader’s easy learning curve, its rugged design becomes apparent when contrasted against newer and sleeker platforms. In my estimation, MetaTrader is a good choice for newbies wanting to learn the ropes, but to take your trading to take it to the next level, you may need something more sophisticated.

The answer of some brokers is to develop their proprietary platforms. The advantage of most such platforms is their convenience. The ability to search for instruments by asset class, scale price action up and down with ease, or execute complex box orders are benefits you cannot find in MetaTrader. To summarise, the question of choosing the best platform for you is one of simplicity vs practicality.

Read more about best MT4 brokers and best MT5 brokers.

What to Avoid When Choosing a Forex Broker?

Here is a quick rundown of what Qatari traders must avoid:

  • Unregulated brokers. Trading with an unregulated broker exposes you to a higher risk of fraud or unethical business practices, as they are not bound by any regulatory standards or rules. Additionally, in case of any disputes or if the broker goes bankrupt, there might be no legal recourse or compensation schemes available to recover your funds.
  • Lack of client protection. Avoid brokers that cannot ensure more than two of the following: segregated funds, negative balance protection, compensation scheme, and maximum leverage for retail traders no bigger than 1:100
  • Low execution quality. Try to avoid brokers that cannot ensure more than two of the following: best execution policy, regular quality execution statements, and average execution speed under 100 milliseconds.
  • High spreads and commissions. Sidestep brokers with floating spreads from 1.8 pips or above on STP accounts and with round-turn commissions above $7 on ECN accounts.

How to Avoid Forex and CFD Scams?

Scammers rely on the gullibility of traders. A common tactic fraudsters employ is to promise quick and easy profits at no risk to the trader. Often scammers would use labels that closely resemble the brands of real and legitimate companies. That is why regulators like the FCA have registers where traders can read about such fraudulent companies pretending to be others.

The best and easiest way to protect yourself is to make sure you work with a trustworthy and transparent broker. You can find a comprehensive list of reliable brokers by jurisdiction here.

Another important consideration is online safety. Be cautious about where you leave your personal information. Registering your details on suspicious pop-ups that promise enormous profits could lead to your contact information landing on a scammer’s dialing list. Remember, no licensed broker would make unsolicited cold calls.

The next time you get contacted out of the blue with promises of becoming the next Warren Buffet, you must remember that you are most likely speaking to a scammer. I think that nowhere is the “if something sounds too good to be true…” saying more accurate than in the world of trading. That is why you should do your due diligence before opening an account with any broker.


Yes, forex trading is legal in Qatar. The financial markets in Qatar, including forex trading, are regulated by the Qatar Central Bank (QCB) and the Qatar Financial Markets Authority (QFMA).
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".
We determined FXTM the best choice for beginners in Qatar as it offers very well-structured and diverse educational content.
From our research, FP Markets is the best option for professionals in Qatar thanks to its excellent execution standards and competitive pricing.
We assessed that AvaTrade offers the best range of platforms, including a social and automated trading solution, an options trading platform, and an intuitive mobile trading app.
Profits from trading with leveraged products and other capital assets are liable for corporate gains tax. For further information, please check the site of Qatar’s General Tax Authority (
No, Qatar’s Central Bank prohibited cryptocurrency trading as digital currencies are considered high-risk.
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.

About the Author

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.

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.