Forex Brokers in UAE

UAE and its 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 continue to search for investment ideas. This matter increases the interest of the Gulf, especially UAE people in Forex trading and 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.

  • After Saudi Arabia, UAE is a highly developed Forex trading region
  • However, most of the brokerage companies conducting their services without any guidelines or operational standards required by the official license and regulation.
  • Therefore, UAE traders and investors are highly advised to choose meticulously the company provider and to invest only with a regulated company only, as “rich” range of frauds has the leading position specifically in UAE.

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

In the result, due to the increasing demand, huge potential and importance of presence in Gulf region global Forex Companies forces to expand their offering and suit trading capabilities according to the local needs. One of the crucial points in the Middle East and UAE regions is a possibility to provide Swap-free accounts, as this is the main term required by traders that follow Sharia rules, yet indeed most of the brokers recently included that possibility too.

Broker Detail
Instaforex Review InstaForex
Min. Deposit: 1 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, InstaBinary and WebIFX
Regulation: CySEC, FSC
InstaForex 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