Forex Brokers in UAE 2020

UAE and it’s known center Dubai is the fastest growing world region that became a major financial Middle East center, where the population has a high-income level and continues to search for investment ideas.

UAE Regulation

With its rapid economic growth and investment capability, it affects the increase of the interest, especially UAE people in Forex trading and so attracts many Forex Brokers to the region. However, the offering range still mainly consists of offshore brokers proposing their services and not regulated by any authority.

Yet, it does not mean that Dubai and UAE are not regulating Forex industry at all. To open a representative or handling office and become legal a Dubai or UAE Forex Broker, the company should get authorization from the DFSA (Dubai Financial Service Authority) or Abu Dhabi Central Bank, which regulates and supervises the financial sector of the region. DFSA Website: www.dfse.ae.

Also, there is a financial authority the Securities and Commodities Austerity (SCA) that regulated market proposal, yet does not mandatory require brokers to obtain its license. Website: www.sca.gov.ae. Yet, the authority is quite active with the public and available to assist. See more of the historic breakdown through Wikipedia, also we recommend following the SCA Twitter account for fresh updates and news feed: @SCA_UAE

UAE SCA website

Best Forex Brokers UAE

The list below may shortlist you research as we define some popular searches, while brokers are highly regarded and reputable likewise.

  • FXTM– Best Overall Broker in UAE 2020
  • Pepperstone– Lowest Spread Broker in UAE 2020
  • BDSwiss– Best MT4 Broker in UAE 2020
  • Amana Capital– Best Broker for Beginners in UAE 2020
  • XM– Best for Scalping and EA Trading 2020

UAE Forex Brokers List

These are the brokers that accept clients from UAE:

Broker Detail
alpari review Alpari
Min. Deposit: 20 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5
Regulation: SVG FSC, IFSC
1
Alpari Review
GO Markets
Min. Deposit: 200 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, WebTrader
Regulation: ASIC, CySEC
2
GO Markets Review
FP Markets
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: IRESS, MT4, MT5
Regulation: ASIC, CySEC
3
FP Markets Review
Pepperstone review Pepperstone
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader
Regulation: ASIC, FCA, DFSA, SCB, CMA, CySEC, BaFIN
4
Pepperstone Review
BDSwiss Review BDSwiss
Min. Deposit: 100 US$
Max. Leverage: 1:500
Trading Platforms: MT4, MT5, BDSwiss Webtrader
Regulation: ESMA, CySEC, FSC, NFA, FSA
5
BDSwiss Review
ForexTime FXTM review FXTM
Min. Deposit: US$200
Max. Leverage: 1:30 | 1:200
Trading Platforms: MT4, MT5
Regulation: CySEC,FCA, FSCA
FXTM Review
Orbex Review Orbex
Min. Deposit: 200 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4
Regulation: CySEC, MFSC
Orbex Review
HotForex Review HotForex
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation: CySEC, FCA, DFSA, FSCA
HotForex Review
xm.com_review XM
Min. Deposit: US$5
Max. Leverage: 1:30 to 1:888
Trading Platforms: MT4, MT5, XM WebTrader
Regulation: CySEC, ASIC, IFSC
XM Review
City Index Broker review City Index
Min. Deposit: 100 GBP
Max. Leverage: 1:30
Trading Platforms: Advantage Web, AT Pro, MT4
Regulation: FCA
City Index Review