7 Best Forex Brokers in Saudi Arabia for 2026

My best overall broker for traders in Saudi Arabia is IC Markets, as it offers useful products and tools for beginner and advanced traders. I found over 2,200 tradable instruments available across all the world’s largest asset classes, which can be traded from some of my favorite trading platforms like cTrader and TradingView. With a wealth of additional trading tools, market research, and education resources, it’s a top broker to consider.

Regional Features:

• Entity for Saudi traders: Raw Trading Ltd regulated by the FSA of Seychelles, license no. SD018
• Islamic account: Yes
• Leverage: Up to 1:1000
• Payment methods for Saudi traders: Online banking, credit/debit cards, PayPal, Neteller, Skrill
• Localized website: Yes
• Local customer support: Live chat 24/7

Having traded live with IC Markets for many years, I believe the broker’s standout feature is how competitive their trading fees are. The spread on EURUSD during the London and New York sessions averages around 0.8 pips on the commission-free Standard Account, which is much better than the 1.08 pips industry average. I prefer to use the cTrader Raw account, which offers spreads from 0.0 pips and a low industry commission of $3 per lot, per side, which keeps the full cost of the trade significantly low.

I also like using the cTrader platform as it’s designed for short-term, active traders. In particular, my favorite feature is the built-in risk management calculator, which enables me to execute trades very quickly but with proper risk management. Casual traders in Saudi Arabia may prefer to use TradingView, which offers a large social trading community sharing trading ideas with one another, or the MT4/MT5 platforms for automated trading.

With 3 different types of Islamic swap-free accounts, no strategy restrictions, a zero requote policy, fast trade execution and trading signals and research from Autochartist and Trading Central, IC Markets is a top broker for traders in Saudi Arabia.

If you’re a beginner trader just starting out in Saudi Arabia, my best broker for you is FXTM. Founded in 2011, I found it offers quality customer support, which is useful when you have questions, as well as a comprehensive suite of educational resources suitable for beginners, with some videos in Arabic.

Regional Features:

• Entity for Saudi traders: Exinity Limited, regulated by the FSC of Mauritius, license no. C113012295
• Islamic Account: Yes
• Leverage: Up to 1:3000
• Payment methods for Saudi traders: Online banking, credit/debit cards, PayRedeem, WebMoney, Perfect Money, and a range of crypto options
• Localized website: Yes
• Local customer support: Available during local working hours

During my live test, I found that FXTM offers beginners access to a Micro Account option. This enables traders to trade in cents rather than dollars and is very useful for small account holders who want to feel the reality of trading but with real money. The account has a minimum deposit of just $10, and there is also an Islamic swap-free option to comply with Sharia Law. While the MT4 desktop platform does take some time to get used to, you can access the Micro Account from the FXTM App and MT4/MT5 Web Trader platform, which are more beginner-friendly.

Another really useful resource I found for beginner traders is the FXTM education section. I counted over 250 educational videos and webinars on the FXTM YouTube channel covering how to open an account, how to use the MetaTrader trading platform and the basics of price action. There are 3 main trading guides called What is Forex Trading?, CFD Trading for Beginners, and Index CFD Trading, which are easy to understand and in-depth.

If you like to view charts, trade, and manage positions while on the move in Saudi Arabia, then Vantage could be the broker for you. Founded in 2009, I found the Vantage app user-friendly and easy to trade on over 1,000+ CFD instruments, with built-in market analytics and an excellent copy trading solution with over 65,000 signal providers.

Regional Features:

• Entity for Saudi traders: Vantage Global Limited, regulated by the VFSC in Vanuatu
• Islamic Account: Yes
• Leverage: Up to 1:500
• Payment methods for Saudi traders: Wire transfer, credit/debit Card, Neteller, Skrill, cryptocurrencies
• Localized website in Arabic: Yes

I found that Vantage offers access to multiple trading apps, including MT4, MT5, TradingView, and its proprietary Vantage App. The MT4/MT5 mobile apps have been the gold standard for many years, but are now fairly outdated. I actually found that the Vantage App offers a more reliable trading experience with charts powered by TradingView, which are much smoother and easier to scale than MT4/MT5 and advanced analytics that are actually helpful, such as market sentiment data and built-in market research.

The app also makes copy trading very easy, with over 65,000 signal providers that you can follow at the click of a button. You can view the performance of other traders and access advanced trading metrics, including their risk relative to return, instruments traded, and other details. Traders can also access the TradingView App with Vantage, which offers a wide range of trading ideas from its strong social trading community and built-in technical analysis scanners and fundamental screeners.

Founded in 2016, Capital.com is my top broker for multi-asset class traders in Saudi Arabia who require a large and diverse range of instruments and asset classes to trade on. I found over 5,000 CFD instruments covering forex, commodities, shares, indices, cryptos and ETFs to trade on, as well as 2,799 knock-out options available from an impressive proprietary Web Trader platform, as well as TradingView, MT4 and MT5.

Regional Features:

• Entity for Saudi traders: CAPITAL COM MENA SECURITIES TRADING L.L.C., regulated by the SCA in Dubai
• Islamic Account: Yes
• Leverage: Up to 1:200
• Payment methods for Saudi traders: Wire transfer, credit/debit Card
• Localized website in Arabic: Yes

The most impressive part of Capital.com’s tradable instruments is the 147 forex pairs available to trade, which cover major, minor and exotics using different contract types like spot, forward and weekend. This is much more than the industry average among brokers of 30-75 forex pairs. The 543 spot crypto CFDs is also significantly more than the average 10-20 most retail brokers provide.

The availability of knock-out options is also interesting as these offer a cheaper way to trade than standard options, but with lower set expiration dates. I found that you set your knock-out level before the trade, put up your risk, which is the maximum you can lose and then if the level is reached, the trade closes automatically. There are both put and call knock-out options on all the asset classes available, with the majority on stocks. With a large and diverse range of instruments and contract types, Capital.com is a top broker for multi-asset traders.

For traders in Saudi Arabia seeking some of the lowest spreads in the industry, my top pick is Moneta Markets. Founded in 2019, I found Moneta Markets offers very low spreads on indices, commodities, crypto and share CFDs, and average spreads on forex pairs. The broker also offers an Islamic swap-free option on its most competitive ECN trading accounts and a wide range of trading platforms, including MT4, MT5, PROTrader, and the Moneta App.

Regional Features:

• Entity for Saudi traders: Moneta Markets Ltd authorized and regulated by the FSA Seychelles, license no. SD144
• Islamic Account: Yes
• Leverage: Up to 1:500
• Payment methods for Saudi traders: Bank Wire Transfer, Visa/Mastercard, FasaPay, JCB, Sticpay
• Localized website in Arabic: Yes

In my live fee test of the commission-free Direct STP account, I found the spreads for the Dow Jones 30 index average 1.0 points, which is much better than the industry average of 3.3 points. The Germany 40 spread averaged 0.5 points, beating the 2.4 points industry average. For EUR/USD, I found the spread averaged 1.15 pips, which is slightly higher than the industry average of 1.08 pips. But every other asset class beat the industry average.

Even lower spreads are available on the broker’s Prime ECN and Ultra ECN accounts that offer spreads from 0.0 pips but a commission per lot, per round turn of $6 and $2 respectively – both beating the industry average of $7. While the Prime ECN account has a minimum deposit of $50, the Ultra ECN account’s minimum deposit is $20,000. With no inactivity fee, deposit or withdrawal fees, Moneta Markets is the broker to consider for cost-conscious traders.

For traders in Saudi Arabia seeking a diverse range of feature-rich trading platforms, I found that FxPro leads the way. Founded in 1999, traders can trade from over 2,100+ CFD instruments from the FxPro WebTrader, FxPro Mobile App, MT4, MT5, cTrader, and TradingView platforms, catering to beginner, advanced, automated and day traders.

Regional Features:

• Entity for Saudi traders: FxPro Global Markets Limited, licensed and regulated by the SCB Bahamas
• Islamic Account: Yes
• Leverage: Up to 1:200
• Payment methods for Saudi traders: Wire transfer, credit/debit cards, PayPal, cryptocurrencies
• Localized website in Arabic: Yes

During my live test, I was impressed with the FxPro WebTrader platform, which offers one-click trade execution, a user-friendly layout, customizable watchlists, a built-in news feed, and the ability to trade from the chart. I also found over 50 technical indicators, a wide range of basic and advanced drawing tools like trendlines and ABCD patterns, and multiple timeframes. I find the FxPro WebTrader platform is suitable for beginners, casual, and advanced traders.

For short-term active traders, the cTrader platform is the most suitable, with built-in risk management calculators, fast execution speed, and a copy trading solution. Automated traders can use the MT4/MT5 desktop platforms, which can work well with FxPro’s VPS service. News traders may also find the FxPro Squawk service useful as it provides real-time updates on market-moving news.

Founded in 2006, I found AvaTrade is one of the best brokers for traders in Saudi Arabia interested in copy and social trading. On top of accessing MT4/MT5 Signals, AvaTrade also includes the DupliTrade copy trading platform and its own AvaSocial app, which is a partnership with FCA-regulated firm Pelican Trading.

Regional Features:

• Entity for Saudi traders: AvaTrade Markets Ltd authorized and regulated by the FSC B.V.I
• Islamic Account: Yes
• Leverage: Up to 1:400
• Payment methods for Saudi traders: Wire transfer, credit/debit cards, Skrill, Neteller, WebMoney
• Localized website in Arabic: Yes

The MetaTrader 4 and 5 platforms have been around for decades and are popular among forex traders. Within the platform, you can access Signals, which allows you to view other traders’ performance and copy their trades. There is a wide range of beginner and advanced traders to choose from and useful performance statistics. More advanced traders can use DupliTrade, which has over 8.7 million users with the most detailed performance statistics available of any copy trading platform I have seen. Strategy providers also have to go through an auditing process, offering a more reliable copy trading service.

AvaTrade also operates AvaSocial, which is an easy way to access copy trading from your mobile, but also speak to and interact with the strategy provider and other followers. This provides a true copy and social trading experience. I also found that the copy trading is not just limited to forex pairs but also indices, commodities and share CFDs. The ability to engage in discussions and ask questions in the community is also a great addition to the app.