Dubai serves as a center for forex trading in the Middle East and draws investors from around the globe. IG, Saxo Bank, and City Index are a few of the respectable, well-regulated companies that make up the top forex brokers in Dubai.
These brokers give their customers access to a number of trading platforms, a selection of trading instruments, competitive spreads, low fees and commissions, educational materials, and round-the-clock customer assistance.
It is crucial to remember that forex trading has a high degree of risk and necessitates a detailed knowledge of the market and trading approaches. Before selecting a forex broker in Dubai or elsewhere, traders should do their own research and due diligence.
Here Is List Of Best Forex Brokers In Dubai
Dukascopy:- Best For Cryptocurrency Trading
Its headquarters are in Geneva, and it maintains operations overseas. With regard to MT4 MT5, it supports MT4, and it also has forex trading platforms that deal in British pounds, provide wider spread but not starting from 0 pips, retail investor accounts, and much more. It offers both online trading platforms and mobile trading services, including forex trading, e-banking, best trading automation, and forex ECN.
The Swiss Financial Market Supervisory Authority (FINMA), which strictly regulates the company, began providing customers with the option to start trading FX in 1999. However, read thorough Dukascopy review, in which we have covered everything, to learn more about the best forex broker UAE trade platform in depth.
Axi:- Best For a Range of Currency Offerings
Multiple financial authorities regulate Axi (a trading name of AxiTrader), an Australian-based forex broker established in 2007. Axi, the top broker overall, provides a mobile app that caters to all mobile users that use the app for trading; in contrast, the MT4 platform only offers MT4 support, a variety of trading options, and the lowest spreads on the MT5 platform.
Regional offices are located in the United Arab Emirates and the United Kingdom. The company is headquartered in Australia. These top forex brokers provide Islamic trading accounts that are consistent with sharia law and are geared towards Islamic traders. In in-depth AxiTrader review, where they explored its many features, mobile trading, and more, you can learn more about the UAE broker platform.
XTB:- Best For Excellent Trading Experience & Low Cost
With a variety of instruments, XTB provides both novice and seasoned traders with a personalised trading experience. In terms of MT4/MT5 support, it solely offers MT4 and has trading accounts with the support of mobile trading, deposit methods, & internet trading as well.
It also gives account tiers and different account funding alternatives to VIP clients. However, you can read more about this no-dealing-desk broker on XTB review page and learn more about its services.
HFM:- Best For MetaTrader Platform
HFM is a well-known forex broker that has won awards for being the finest overall broker; it offers currency trading services to both institutional and retail clients. To help forex traders who trade online, this Dubai-based broker offers a variety of account kinds. The HFM Islamic account, which is governed by the Dubai Financial Services Authority (DFSA), provides Muslim CFD traders with an Islamic account that complies with sharia law.
These UAE brokers provide a fixed spread account, a market maker, no commission fees, the lowest fees, quick withdrawals, video lessons, are suitable for newbie traders, offer raw spreads with low spreads but no zero pip spreads, and offer an Islamic account for traders who are Muslim.
When you deposit money for the first time on these forex trading platforms, look up the preferences for a minimum requirement on their website according to the type of live account. If you want to learn more about the HFM review platform and its features, we have you covered.
FxPro:- Best For MetaTrader & cTrader Platform Offering
FxPro, which has its main office in the UK, provides a wide selection of platforms. It also ranks among the best forex brokers in the UK, nevertheless. You can also complete trades without assistance from the dealing desk.
The reputable broker, which also boasts an award-winning platform, guarantees the best trading experience, MT4 and MT5 support, quick withdrawals, aggressively low spreads, a master card option, trading accounts, and smooth trade execution with CFD instruments.
However, retail CFD accounts lose money when they use leverage that is too high for them. Both newcomers and experienced traders can use this platform.
Therefore, use the top CFD broker, who will assist you in the deal. In FxPro review, you can read more about the broker’s mentioned features, competitive pricing structure, and other aspects of the finest overall broker platform.
HYCM:- Best For Trading Forex & CFDs
Henyep Capital Markets (HYCM), a broker with offices in London, provides a section of its website solely devoted to educational resources, MT4 and MT5 support, bonus promotions, an economic calendar, fixed spreads, trading CFDs, Islamic accounts, a smooth trading experience, mobile apps for smooth mobile trading, and more.
With headquarters in Hong Kong and DFSA Dubai (Dubai Financial Services Authority), HYCM is a forex broker governed by Cysec FCA and DFSA. Henyep Capital Markets received its initial licence number from UK regulatory organisations. Note: Exercise caution when trading since some accounts experience losses.
ActivTrades:- Best For Manual Traders
One of the biggest brokers in the UAE, ActivTrades, was initially focused on forex trading when it was first established in 2001. With its headquarters in the heart of London, it educates a lot of traders to help them trade better. It provides a demo account for UAE forex traders, which helps clients practise trading, MT4 MT5 support, tight spreads, lower spreads, and competitive spreads for even beginner forex traders.
It also offers online education, retail investor accounts, mobile trading, and other financial instruments that help new clients learn more about their account type options. In ActivTrades review, you can read more about the forex trading regulation platform and explore the features of the brokers that are right for you, such as different order types, trading signals, how to register an account, and more.
In conclusion, Dubai is a centre for the forex trading sector, and several trustworthy forex brokers operate there. These brokers are overseen by the Dubai Financial Services Authority (DFSA) and provide a selection of trading platforms, account types, and educational materials to cater to the demands of investors of various skill levels.
Regulated companies like Saxo Bank, IG, and Swissquote are a few of the finest forex brokers in Dubai. They all provide cheap spreads, a large selection of trading instruments, and top-notch customer service.
To discover the ideal broker for your needs, it’s crucial to take into account aspects like regulatory compliance, trading costs, customer service, and platform features when choosing a forex broker in Dubai to your individual trading needs and goals.
Are all forex brokers in Dubai regulated?
No, not all forex brokers operating in Dubai are regulated. However, it is important to choose a broker that is regulated by the Dubai Financial Services Authority (DFSA) to ensure that your funds and trading activities are protected.
What trading platforms do Dubai forex brokers offer?
Most forex brokers in Dubai offer a variety of trading platforms, including popular options such as MetaTrader 4 and 5, as well as their proprietary platforms.
Are there any fees associated with trading with a forex broker in Dubai?
Yes, forex brokers in Dubai typically charge trading fees, which can include spreads, commissions, and other charges. It is important to review a broker’s fee structure before opening an account to ensure that it is transparent and competitive.
Can I trade forex on my mobile device with a Dubai-based broker?
Yes, many forex brokers in Dubai offer mobile trading platforms that are compatible with both iOS and Android devices, allowing traders to access their accounts and trade on-the-go.
Are there any restrictions on forex trading in Dubai?
Yes, forex trading in Dubai is subject to certain restrictions, such as minimum deposit requirements, leverage limitations, and trading hour restrictions. It is important to familiarize yourself with these restrictions before opening a trading account with a Dubai-based broker.