Finding an ideal forex broker uae 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, 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.
Here Is A List Of The Best Forex Brokers In Uae And Dubai That Offers A Good Trading Environment:
- XM – Best Overall Broker 2021
- Hotforex – Best Forex Broker Asia 2019, Best Client Funds Security Global
- Markets.com – Easy-to-use platform
- 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 1.5 million active traders on its platforms that include both professionals and novices. XM always strives to provide an excellent user experience to its clients.
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
✅ No Re-Quotes And No Rejections
✅ Free forex signals + market research
✅ Online education and webinars
✅ Fee free withdrawals and deposits
✅ Swap-Free Islamic trading account
✅ High leverage available
✅ Wide range of trading opportunities
✅ Fast digital account opening
✅ Easy switch between Demo and Live accounts
✅ Low CFD fees
✅ User-friendly software
✅ Simple and hassle-free to use
✅ 16 different mobile, web, and desktop trading platforms
✅ Support for multiple languages
✅ Customer support is responsive and fast
✅ Educational videos
✅ 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
The Markets With XM – Over 3.5M Traders Choose XM
2. 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
✅ Regulated by FCA, CySEC, DFSA and ASIC
✅ Numerous industry awards
✅ Flexible leverage up to 1:1000
✅ Super-tight spreads
✅ Segregation of funds
✅ Market Leading Insurance up to €5,000,000
Multiple 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
✅ Trading Calculators and Economic Calendar
✅ Multiple trading platforms
✅ Wide range of forex and commodities markets
✅ Different account types
✅ Fast account opening
✅ Negative balance protection
✅ An advanced range of tools
✅ Fast customer support
✅ Customer-oriented policies
✅ Support in more than 27 languages
Join A Regulated & Multi-Awarded Broker | Broker Of Choice With Over 2,500,000 Live Accounts!
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
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3. 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.
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
Regulated by FCA and CySEC
Availability of Demo account
Professional ECN account
Free withdrawals
Fast digital deposits
Support for different languages
User-friendly trading software
No limits on strategies and technical analysis
Availability of MT4 and MT5 platforms
24/7 support
Support via emails, phone, and live chat
Trading calculators, ideas, and insights
Web TV, Webinars, and Market News
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.
4. 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
Responsive customer support
Different financial instruments to choose from
No commission
Innovative trading platform with excellent features
Free research tools
Low fixed spreads
Availability of customer support features via live web chat, WhatsApp chat, Facebook chat, Email, and phone.
Safe and secure finances and personal data
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
5. 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
Free deposit
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
6. 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
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