Best Forex Brokers in Uae & Dubai (Top 10) In July 2021

Finding an ideal best forex broker in uae and dubai that can meet all your requirements is quite hard. And if you are someone that is based in the UAE, the key is to identify a forex broker that is based in the UAE and provides all forex-related services in compliance with the rules and laws established by the local financial authorities or bodies. With the UAE emerging as one of the fastest-growing regions in the world and population having high-levels of income, many forex brokers have made the UAE one of their centers. The fact that the local people have developed an interest in the forex market also has helped many forex brokers extend their forex broking services to the region. To simplify your task of selecting the best forex broker in UAE and dubai, we have done the research and have come out with a list that we consider to be the best in the business. These brokers have years of experience behind them and offer customers a hassle-free and secure way of trading in the burgeoning world of forex. These brokers provide efficient and reliable tools for customers to trade.

Best Forex Brokers in Uae & Dubai In 2021:

XM – Best Overall Broker 2021, Good VIP Trading Account In UAE
Exness– Spreads that start from 0.0 on Professional Accounts, Deposit Processing Time is instant
Hotforex – Best Forex Broker Asia 2019, Best Client Funds Security Global
Octafx– Best Low initial deposit
Roboforex– best ECN accounts
FXTM– Best Forex Trading Demo Account
Easymarkets – Best Forex Broker For Beginners
Avatrade – Best Fixed Spread CFD Broker

1. XM

XM is among the world’s most regulated and trusted forex brokers whose clients are spread across over 196 countries. While the main branch of this forex broker is in Cyprus, it also has branches in other regions, like the UK, Australia, UAE, Greece, and Belize. The broker has about 3.5 million active traders on its platforms that include both professionals and novices. XM always strives to provide an excellent user experience to its clients.

XM Group offers a separate account with additional features to clients who adhere to the Muslim religion in the United Arab Emirates. Islamic accounts or swap free accounts are required strict procedures ensure that the account traded equipment and complies with the restriction of dealing with interest. this means that there is no swap or rollover interest on overnight positions held by these accounts, allowing the client to trade interest free.

Here is some Features that Islamic accounts:

No interest/swap fees on overnight positions

No spread widening

Positions can be held without time limit

You get the same 888:1 leverage as our normal accounts, as well as free access to all trading platforms and fully dedicated customer support.100% real time market execution

Same trading conditions as our trading account typesDedicated 24/7 support from your client account manager

The best part about trading with XM is that one can open an account with them for as little as $5. Also, with XM’s global approach and penchant for discovering new markets, it supports a variety of research materials and webinars thus facilitating traders from different parts of the globe to start and engage in forex trading. XM has won several reputed awards for achieving industry standards, like Most Trusted Broker, Best Fx Broker for Europe, etc. The broker’s relentless focus on meeting client needs has helped it emerge as one of the admired companies in the world today.

Pros

More than 3.500.000 international customers
Competitive Spreads
Fast execution speed
No Re-Quotes And No Rejections
While the leverage is up to 1:888 the trade execution efficiency is 99.35%
Free VPS services 24/7
Free forex signals + market research
Swap-Free Islamic trading account
Wide range of trading opportunities
Low CFD fees
16 different mobile, web, and desktop trading platforms
Customer support is responsive and fast
Support for multiple languages
Fee free withdrawals and deposits
Available in more than 190 countries

Minimum Deposit: $5
Regulated : IFSC, AFSL, CYSEC, Dubai Financial Services Authority (DFSA)
Platforms: Metatrader 4, Metatrader 5,
Minimum lot size: 0.01 lot
Spread Type: Floating
Maximum Leverage: 1:888
Head Office: Cyprus, Belize ,Australia
Deposit / Withdraw: Wire Transfer, Credit and debit cards, Skrill, Neteller, SOFort, iDeal, MoneyGram, WebMoney, China Union Pay

Open an Islamic account | Swap free Accounts – Over 3.5M Traders Choose XM

2. Exness

Exness is a Cyprus-based forex broker that also has an office in Seychelles. Given the divided nature of the company, clients from any part of the world can enjoy tailor-made investment and financial solutions from the comfort of their homes. Furthermore, the global forex broker provides lots of opportunities for both corporate and retail clients. As a retail broker, Exness has won several major awards for offering reliable and stable brokerage services under a comfortable and hassle-free trading environment. Even the most demanding traders are sure to benefit from Exness’s no hidden commissions and tight spreads. Furthermore, the intuitive MT4 trading platform offers traders an opportunity to trade on a variety of Futures and CFDs in different markets. In addition to great trading facilities, Exness has excellent and fast customer support services in more than 13 languages. Clients can easily reach out to them through emails, phone lines, and live chat read this article on best forex broker for scalping.

Pros

Based on Metatrader technology
Suitable for both professionals and beginners
Wide range of trading instruments including commodities and forex
Variety of analysis and research tools
Negative balance protection
Professional ECN account
Free withdrawals
Support for different languages
User-friendly trading software
No limits on strategies and technical analysis
Support via emails, phone, and live chat
Trading calculators, ideas, and insights

Minimum Deposit: $1
Regulated : CySEC, FSCA, FCA
Platforms: Metatrader 4, Metatrader 5
Minimum lot size: 0.01 lot
Spread Type: Variable
Maximum Leverage: 1:2000
Head Office: Cyprus
Deposit / Withdraw: Wire Transfer, Credit and debit cards, PayPal, Skrill, Neteller, and WebMoney.

3. Hotforex

Headquartered in Cyprus, HotForex is a forex broker that provides clients with 17 trading tools and more than 150 trading products, thereby providing access to indices, global markets, cryptocurrencies, shares, energies, commodities, metals, and bonds. To open an account with HotForex, the user needs to make a minimum deposit amount of $5.Altogether there are 6 different trading accounts with HotForex with each of them associated with specific requirements. If you are starting new, you can open a demo account and later shift to a live one by depositing some money. Different trading accounts available with HotForex include Zero spread, Micro, Premium, AUTO, HFCOPY, and PAMM Premium accounts. Then there’s the Islamic account that is suitable for clients based in the MENA region.HotForex provides users with both MT4 and MT5 trading platforms through which they can access a variety of tools using a single click. So, whether you are a beginner or a professional trader, software experience with HotForex will never let you down.

Pros

OVER 2.5MILLION ACCOUNTS
Numerous industry awards
Flexible leverage up to 1:1000
Super-tight spreads
Segregation of funds
Market Leading Insurance up to €5,000,000Multiple assets
The broker allows for a wide range of trading techniques. This includes hedging, scalping, and the use of EAs
Swap-Free Islamic trading account
No price requotes
Low trading fees
No deposit or withdrawal fees
Provides negative balance protection
One Click Trading
Free VPS hosting
Multiple trading platforms
Support in more than 27 languages

Minimum Deposit: $5
Regulated : CySEC, FCA, FSC, FSCA, FSA, Dubai Financial Services Authority (DFSA)
Platforms: Metatrader 4, Metatrader 5, WebTrader
Minimum lot size: 0.01 lot
Spread Type: Floating
Maximum Leverage: 1:1000
Head Office: Mauritius
Deposit / Withdraw: Wire Transfer, Credit and debit cards, Skrill, Neteller, China Union Pay

Open Swap Free Forex Islamic Account | Broker Of Choice With Over 2,500,000 Live Accounts!

4. Octafx

Octafx, is a forex broker that has been operating since 2011, has experienced significant growth in recent years. The fact that it has won several awards is an indication of its phenomenal success in recent years. Octafx operates as an ECN and STP broker and offers state-of-the-art trading platforms such as Metatrader 4, Metatrader 5 and cTrader. On its platforms, Octafx allows fast execution orders and tight spreads. Octafx offers several trading accounts and also Islamic accounts on competitive tree spreads.

Pros

cTrader and MetaTrader 4 and MetaTrader 5
No swaps
Shariah-compliant options available for all account types
no slippage and fast execution
no commission on deposits and withdrawals
50% deposit bonus
ultra-low spreads from 0.4 pips
Access leverage up to 500:1 with negative balance protection
Scalping, hedging, and EAs are all permitted strategies
OctaFX offers Advanced Financial Chart comparison tools

Minimum Deposit: $50
Regulated : Cysec
Platforms: Metatrader 4, Metatrader 5, Ctrader
Minimum lot size: 0.01 lot
Spread Type: Floating
Maximum Leverage: 1:500
Head Office: St. Vincent and the Grenadines
Deposit / Withdraw: Perfect money, Wire Transfer, Credit and debit cards, Skrill, Bitcoin, Neteller

5. ROBOFOREX

RoboForex is an online forex broker based in Belize that offers good trading conditions to the trading needs of companies and individuals from all over the world. The ECN professional trading account, also offers Islamic accounts without swaps and the Cent trading account that the broker offers on its platforms are extremely popular with users. The range includes the Cent account as an excellent option to start or test Ea offers a floating spreads or pet be used at tight spreads starting from 0 pips with an additional commission.

PROS

Institutional spreads from 0 points
Trade MetaTrader4, MetaTrader5, cTrader, R Trader
Leverage: up to 1:2000
Fastest execution possible
Bonuses offered
Tight spreads from 0 pips
Fast order execution
100% Shariah compliant;
Available for all account types;
Easy one-click registration

Minimum Deposit: $10
Regulated : IFSC (Belize)
Platforms: Metatrader 4, Metatrader 5, Webtrader, Mobile Trader, Ctrader
Minimum lot size: 0.01 lot
Spread Type: Foating
Maximum Leverage: 1: 2000
Head Office: Belize
Deposit / Withdraw: Perfect money, Wire Transfer, Credit and debit cards, Skrill, Bitcoin, Neteller, ePayment; Fasapay, Paysec, Others

6. EASY MARKETS

Having commenced its operations back in 2001 in Cyprus, EasyMarkets was among the first ones to provide online trading facilities to clients through its customer-friendly platform. Today, EasyMarkets has a presence spread across different regions of the globe, including Sydney, Shanghai, the Marshall Islands, and Limassol. This trader-friendly company strives to provide reliable trading conditions to users even against volatile market conditions with no slippage and fixed spread.
In addition to providing forex instruments to clients, EasyMarkets’ offerings include energies, global indices, cryptocurrencies like Bitcoin, Ethereum, and Ripple, and metals. The Market Explorer of EasyMarkets runs on superior technologies to provide users with deeper market insights in real-time.
The education service of EasyMarkets is impressive as well. Traders of all levels will find the information available on their platform useful and easy to understand. Owing to brilliant and assured forex broking services provided by the broker, EasyMarkets has so far received more than 37 rewards. recommended you read forex brokers in saudi arabia.

PROS
Easy trading options
Trustworthy platform
Different financial instruments to choose from
No commission
Innovative trading platform with excellent features
Free research tools
Low fixed spreads
Bonuses and promotions for users
No order slippage
DealCancellation feature
Negative Balance protection

Minimum Deposit: $100
Regulated : ASIC, CYSEC
Platforms: Metatrader 4, easyMarkets App, easyMarkets Web Platform
Minimum lot size: 0.05 lot
Spread Type: Fixed
Maximum Leverage: 1:400
Head Office: Cyprus
Deposit / Withdraw: Wire Transfer, Credit and debit cards, PayPal

7. FXTM

This Cyprus-based forex trading company came into existence in 2011. Today, FXTM has emerged as one of the best and fastest-growing brokers in the world. Within a short period, FXTM has managed to expand within Europe and has established its footprints in Asia and Africa regions.
Trading with FXTM is possible with floating or fixed leverage. It is this feature that facilitates even small traders to make sizable gains. There are different trading accounts on offer through FXTM. Clients can pick any of them based on their requirements and budget. Signing-up with the broker is easy and hassle-free. If you need any support, that’s available too! You can reach out to their staff via emails, live chat, messenger applications, phone, etc.
Deposit and withdrawal processes with FXTM are straightforward and simple with different funding options available. FXTM also provides bonuses and runs promotional campaigns consistently.

PROS
Tight spreads
Low deposit requirement
Low minimum deposit
Low Index and Stock fees
Wide range of deposit options, including Bitcoin and Credit Cards
Tons of automated strategies and educational materials
Customer-friendly design
Wide variety of trading tools
Price alerts
Full control over trading accounts
Good charting
Appropriate and fast answers from customer support staff
Support for a wide range of languages
Live Forex and Demo contexts
Numerous trading ideas

Minimum Deposit: $10
Regulated : CySEC, FSB, IFSC
Platforms: Metatrader 4, Metatrader 5,
Minimum lot size: 0.01 lot
Spread Type: Floating
Maximum Leverage: 1:1000
Head Office: Cyprus
Deposit / Withdraw: Wire Transfer, Credit and debit cards, Skrill, QIWI, Payza, OKPAY, Neteller, CashU, Yandex.Money, DIXIPAY, Perfect Money, Bitcoin

8. AVATRADE

Avatrade has been offering trading services since 2006 and offers to trade forex, CFD, spread betting and social trading. They are regulated by ASIC, CBI, and FSCA.

they offer four trading accounts with a minimum deposit of $100 for the standard trading account. as far as avatrade trading platforms are concerned, they are full of amazing trading platforms, such as Metatrader 4, AvaTradeGO, AVAOptions and AvaTradeAct.

avatrade trading commissions like many other forex brokers, they earn money by incorporating their commissions into the spread. you have a choice between fixed spreads, usually between 1.3 and 2.6 pips in the foreign exchange market or floating spreads and the leverage varies depending on the market and the country.

avatrade has a good customer service available 24/5. you can get customer support in 12 different languages and contact their agents by email, live chat or phone.

Minimum Deposit: $100
Regulated : FSA, ASIC, CBI, BVIFSC, MiFID
Platforms: Metatrader 4, AvaTradeGO, Automated Trading, Web Trading, Mobile Trading, AvaOptions
Minimum lot size: 0.01 lot
Spread Type: Floating
Maximum Leverage: 1:400
Head Office: Ireland
Deposit / Withdraw: Wire Transfer, Credit and debit cards, Skrill, PayPal, Neteller