Dubai and other Emirates of UAE are the centers of many forex traders, brokers, and other online trading activities in the Middle East. Here are the top forex brokers in the area.
The United Arab Emirates (UAE) is one of the fastest growing online trading centers in the world. It may not be as significant as the 4 major financial centers consisting of London, New York, Tokyo, and Sydney, but in general, the advanced development in UAE and its high-income population has generated great potentials for trading and investment growth.
A large segment of the population has diversified their investment in financial markets including forex. Hence, there are a variety of local and offshore brokers in these countries offering their services.
There are many forex brokers in UAE especially Dubai. Most of them are not regulated by regulatory organizations, but they manage millions of dollars in trades each day. Therefore, traders are advised to be wise when choosing to open an account with any forex brokers residing in this area.
Forex trading is undoubtedly legal in Dubai. The local brokers are regulated and licensed by the Dubai Financial Services Authority (DFSA). It serves as the financial regulatory agency of the special economic zone, the Dubai International Financial Centre (DIFC).
Note that it is not similar to UAE's federal Securities and Commodities Authority, whose jurisdiction covers the general area of UAE outside the jurisdiction of the DIFC. Although not all forex brokers in Dubai are regulated by the DFSA, some of them have complied to register under the agency. Forex brokers with DFSA license can be found here.
There are a number of local as well as offshore forex brokerage companies in Dubai. They offer forex to citizens or residents of Dubai. More than that, the offshore brokers maintain a presence in Dubai either by working with partner brokerage firms locally or by operating full-fledged regional offices.
Forex brokers in Dubai provide their clients with a range of proprietary and turnkey software for trading. Apart from the MetaTrader 4, they provide other software such as JAVA-based trading software and the NinjaTrader. These platforms are provided on mobile and web-based versions.
Commissions and Spreads
The market makers in Dubai do not charge commissions on forex trading. However, they operate the ECN's model charged commissions on forex and CFD trading. They offer at least 50 forex pairs to trade with many of the major brokerage platforms, and the minimum spread can reach up to 1.5 pips.
Below are some recommended forex brokers in Dubai:
Trading by telephone
First Prudential (FP) Markets was founded in 2005 and headquartered in Sydney, Australia. It is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC) and has a long track record.
This company offers transparent dealing across a wide selection of 10,000 plus assets with a variety of account types for forex and CFDs. Their clients are also able to trade with 0 pips spreads on their ECN trading. It has a MetaTrader 4 platform that you can leverage up to 1:500. Bitcoin has also been added as one of the instrument choices.
Plus500 is a UK-based company with its main offices located in the city of London. The company is authorized and regulated by FCA. For traders who are looking for a broker with top-tier regulators, Plus500 can be the right choice.
Plus500 offers 2,000 instruments to over a million clients. List of instruments available for trading with their CFD service include forex currency pairs, indices, cryptocurrencies, commodities, shares, and ETFs. Traders can choose instruments suitable for their needs.
Regardless, beginners should be extremely cautious while choosing their assets, as it can get daunting, confusing, and inherently risky.
When traders open an account, Plus500 will hold traders' funds on a segregated basis, following FCA's client money rules. Traders do not need to worry about Plus500 using their funds for hedging, as it is strictly prohibited to use clients' funds for this purpose.
Other advantages when trading in Plus500 are tight spreads and no commissions. The company only offers a single type of account, but traders can update the account from Retail to Professional by following some standards.
To apply Professional Accounts, traders have to fulfill at least 2 of the following 3 criteria eligible, such as sufficient trading activity in the last 12 months, financial instrument portfolio of over 500,000 Euro, and relevant experience in the financial services sector.
Plus500 is well-regarded for its services through the market spread, leverage up to of 1:30 for Retail Accounts, and leverage up to of 1:300 for Professional Accounts. Plus500 tries to give a sensible choice of leverage, which not only controls the risk but also helps novice traders to exercise more control over their trading emotions.
Founded in 2008, Plus500 provides almost the same features to both Retail and Professional account, including clients' money protection, negative balance protection, best execution for orders, clear and transparent information, as well as financial services compensation scheme. Still, Professional account is more advanced as it has access to FOS.
Based on the statistics, 76.4% of Retail account owners in Plus500 lose money when trading CFDs. Because of that, Plus500 always warns traders to consider their understanding of how CFDs work and their affordability to take high risk of losing money, before starting a trade in Live Account.
Even so, Plus500 has gained the trust of traders throughout the world. They have around 39 million positions opened, 304,000 active customers, and billions of volume trading processed by their system.
Plus500 always tries to give the best services to their clients. One of the ways to reach their goals is by making clients feel confident in their trading activity. They have a simple and easy-to-use trading platform, with an especially well-designed mobile platform. Traders can access the Plus500 platform via web-trader, iPhone/iPad, and Mobile App.
In their platform, traders will get advanced tools such as stop limit, guaranteed stop, free email and push notifications on market events, and alerts on price movements. All of these tools can help traders to navigate the market with better understanding.
As for payment methods, Plus500 provides various choices like Visa or MasterCard, electronic wallets (PayPal and Skrill), and bank transfer (direct bank to bank funds transfer).
For any concerns, troubles, or trading issues, traders can contact Plus500's customer service that is available 24 hours a day and 7 days a week. The official website of Plus500 can be accessed in 24 languages.
Overall, Plus500 has some advantages and disadvantages. As it has a license from an elite regulator, traders can feel safe when trading in Plus500. It also provides a 24/7 support team to help traders. But, offering leverages up to 1:300 is not suitable for high-risk traders, such as scalpers, who indulge in high-frequency trading that holds positions in the market for a brief period and typically use high leverage.
Plus500 was founded in 2008 and headquartered in Israel. It has a platform that supports real-time analyses in multiple markets like forex, stocks, indices, and cryptocurrencies. Its platform offers fast and commission-free trades with very low spread rates. More than that, this company supports traders with negative balance protection.
Variable and Fixed
Islamic accounts available
Since 2009, the action of FBS Holding Inc. or known as FBS in the world of forex trading has been recognized by various international institutions. With clients reaching 14 million as of 2019, FBS has received the title of Most Transparent Forex Broker 2018, Best Investor Education 2017, Best Customer Service Broker Asia 2016, IB FX Program, and many others.
FBS is regulated by IFSC Belize and CySEC Cyprus. This broker has been trusted by millions of traders and 370 thousand partners from various countries. Based on their data, FBS garners about 7,000 new traders and partner accounts every day. And, 80% of the clients stay in the FBS for a long time. No wonder the broker is growing rapidly due to the incredible growth in the number of clients.
Trading products offered by FBS range from forex, CFD, precious metal, and stock. For forex trading, CySEC-regulated FBS offers leverage up to 1:30 on Cent and Standard Accounts. Clients who want to try higher leverage than that can alternatively register an account under FBS Belize.
In all types of accounts, provided spreads start from 1 pip. On a standard account, volume orders can be made from 0.01 to 500 lots. Therefore, this account is recommended for experienced traders.
Whereas on Cent Accounts, volume orders can be carried out with a maximum of 500 cent lots or the equivalent of 5 standard lots. Cent Accounts involve a different level of risk. FBS recommends Cent Accounts for beginner traders. All account types support the following trading tools: 28 currency pairs and 2 metals.
Before plunging into the real forex market, traders can practice with FBS Demo Account which consists of two types, i.e Standard and Cent.
FBS uses the MetaTrader 4 and MetaTrader 5 platforms. They offer them on Windows and Mac as well as Android and iOS mobile. These platforms provide a trading experience at traders' fingertips, allowing traders to progress as a trader anywhere at any time.
MetaTrader platforms also have a variety of mainstay features, including the possibility to create, buy, and use expert advisors (EA) and scripts, One-click trading and embedded news, technical analysis tools, the possibility to copy deals from other traders, hedging positions, and VPS service support.
Another advantage provided by FBS is a deposit bonus of 100% for clients who fulfill certain requirements. The process of depositing and withdrawing funds can be run easily and quickly. Based on clients' testimonies, each process usually takes no more than 3-4 hours, except on holidays.
To increase the security of client funds, FBS also provides segregated account where 70% of funds can be deposited in the client bank. This broker also presents something unique; a guarantee 10% to 100% of the deposit fund. If a trader loses funds during a transaction but is insured, FBS will refund the trader's funds.
Traders also have the opportunity to develop a side business when trading with FBS, namely as an Introducing Broker (IB) or Affiliate. The FBS partnership system provides partner commissions that are already in 3 level positions. Only by introducing new clients to FBS according to certain procedures, traders can earn extra income.
Traders will also get trading education experience at FBS. They have prepared a comprehensive forex course. The course consists of 4 levels: beginner, elementary, intermediate, and experienced. Traders can take courses that will turn them from newbies to professionals. All materials are well-structured. Besides, FBS provides various forex analyzes, webinars, forex news, and daily market analysis that can be accessed easily on their site.
Traders can access the FBS website with many language choices. Of course, this will increasingly provide comfort for traders. Available languages include English, Dutch, Italian, French, Portuguese, Indonesian, Spanish, and others. Live chat support is also provided 24 hours 7 days a week.
In conclusion, FBS is a widely known broker among retail traders around the world. It continually grows to become a preferred broker because of flexible trading conditions that enable its clients to trade with various instruments, low deposit, and other trading advantages.
FBS was established in 2009 and headquartered in Belize. It is also regulated by Cyprus Securities and Exchange Commission (CySEC) and International Financial Services Commission (IFSC) in Belize. As a retail forex and CFD broker, FBS is quite popular with its 1:3000 maximum leverage and platform selections that include the MetaTrader 4, MetaTrader 5, and FBS copy trading platform. The brand has grown significantly, indicated by its huge number of clients of 12 million traders from over 190 countries (and still counting).
FBS applies the hybrid broker model of Electronic Communications Network (ECN) and Straight Through Processing (STP). They have a comprehensive trading education and a good variety of research tools. Yet, it is quite well-known that FBS' regulation brand is not as robust as the EU brand. Also, the leverage offered on global brand is extremely high, creating an unnecessarily high-risk trading environment for those who can't manage their risks carefully.
Islamic accounts available
US traders are welcome
eToro established in early 2007, with a mission to make trading accessible to anyone, anywhere, and reduce dependency on traditional financial institutions. The company has head offices in the United Kingdom, Cyprus, USA, and Australia.
eToro (Europe) Ltd operates as a Financial Services Company authorized and regulated by the Cyprus Securities Exchange Commission (CySEC) under license no. #109/10. Meanwhile, eToro (UK) Ltd is authorized and regulated by the Financial Conduct Authority (FCA) under the license FRN 583263.
As for eToro AUS Capital Pty Ltd, the legal standing is acknowledged by the Australian Securities and Investments Commission (ASIC) to provide financial services under Australian Financial Services License 491139.
A broker that belongs to the 4-digit type, eToro offers both short-term options for day traders and long-term options for investors, such as their innovative CopyPortfoliosTM, a fully managed thematic portfolio.
Since 2007, eToro has been at the forefront of the Fintech revolution. The most recent was launched in 2017, which is CopyPortfolios powered by Machine learning Al. Beyond developing CopyPortfolios, the company integrated Microsoft's machine learning technology into Momentum DD.
The new CopyPortfolio investment strategy uses artificial intelligence to find the steadiest traders who are most likely to generate a double-digit return and bundle traders into one fully-managed portfolio. eToro has hundreds of financial assets for trading across several categories including stocks, commodities, crypto assets, currencies, indices, and ETFs. Each asset class has characteristics and can be traded using a variety of investment strategies.
Some positions on eToro involve ownership of underlying assets, such as non-leveraged positions on stocks and cryptos. Employing CFDs will enable a variety of options, such as leveraged trades, short (sell) positions, fractional ownership, and more. For example, traders can invest as little as USD100 in gold, even if a single unit of gold cost USD1,000. Some of eToro's most popular CFD commodities include gold, oil, natural gas, silver, and platinum.
Currencies are traded on eToro only as CFDs. Also, CFDs enable Sell (short) positions and leveraged trade, even for assets that don't offer the option in traditional trading. Some of the popular currencies include EUR/USD, GBP/USD, AUD/USD, USD/JPY, and USD/CAD.
Furthermore, An Exchange-Traded Fund (ETF) is a financial instrument comprising several assets grouped to serve as one tradable fund. After opening an account in eToro, traders can invest as little as USD250 in an ETF that costs USD500. Some of the popular ETFs on eToro include SPY, VXXB, TLT, and HMMJ.
However, eToro also offers additional functions using CFD trading. All leveraged ETF positions in the UK are under FCA regulations. Meanwhile, all CFD positions executed by eToro Australia are under ASIC regulations.
The company has other advantages. In all financial assets that can be traded, eToro does not charge any deposit or trading frees other than spreads.
eToro charges a USD25 fee for withdrawals and the minimum withdrawal amount is USD50. Long (Buy), non-leveraged crypto, stock, and ETF positions are not executed as CFDs and do not incur any fees. eToro does charge overnight or weekend fees for CFDs positions, such as leveraged positions and short (sell) orders.
Fee updates always apply to open positions. Fees are subject to change at any given time and could change daily, without prior notice, depending on market conditions.
As a beginner, trader can use CopyTrading eToro. Different from the features of other brokers, traders can copy the strategies of professional traders without fee or profit-sharing. Therefore, 100% profit is fully owned by traders. For example, while trader A who is copied by trader B, produces a profit of 10% this month, then trader B also gets a profit of 10%.
The company is the world's leading social trading network. Since eToro operates in complete transparency, each trader has valuable information on their eToro profiles, so other traders that are interested to copy their trades can have assistance in creating their best portfolios.
Another feature that is unique to eToro is the personalized, social News Feed. Just like on any social media, traders can post their updates on feed, comment on other's posts, and gradually create a feed that is tailor-fitted to trader's trading and investing interests. On eToro social trading platform, traders will also get notifications when a trader writes a new post and many other important updates.
Formerly known as RetailFX, eToro pioneered online social trading which has become a trend in the present time. As a matter of fact, their social trading platform is a breakthrough that changed the nature of the way beginners can participate in the financial markets. On the plus side, eToro is well regulated by the FCA (UK), CySEC, and ASIC. The broker also presents a wide range of assets to trade with and enables investors to earn a 2% management fee. Still, eToro has some downsides related to the spreads and the absence of MetaTrader platform.
Which one is the best among some of the brokers above? The ultimate choice would depend on your condition as a trader. To make your assessment easier, here is the side by side comparison:
rated by 1 users
rated by 1 users
rated by 172 users
rated by 2 users
|Office(s)||Australia||Australia, Cyprus, Singapore, South Africa and United Kingdom||China, Egypt, Indonesia, Korea (Republic of), Malaysia and Thailand||China, Cyprus and United Kingdom|
FCA (UK), 509909
FSCA (South Africa), 47546
ISA (Israel), 5
Monetary Authority of Singapore, 2017-12-11
IFSC (Belize) IFSC/60/230/TS/12
FCA (UK) FRN 583263
FINRA, 298361/SEC#: 8-70212
|Minimum Position||0.01 lot||0.005 lot||0.01 lot||0.1 lot|
|Payment||Credit/debit cards, Dragonpay, FasaPay, Local bank transfer, Neteller, Skrill and Wire transfer||BPAY, Credit/debit cards, giropay, iDEAL, PayPal, Przelewy24, Skrill, SOFORT and Wire transfer||Credit/debit cards, FasaPay, Local bank transfer, Neteller, Perfect Money, Skrill, UnionPay and Wire transfer||Credit/debit cards, Neteller, PayPal, Skrill, UnionPay, WebMoney, Wire transfer and Yandex.Money|
|Official Website||Visit FP Markets||Visit Plus500||Visit FBS||Visit eToro|
|Forex Demo Account|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese||Arabic, Bulgarian, Chinese, Croatian, Czech, Danish, Dutch, English, Estonian, Finnish, French, German, Greek, Hebrew, Hungarian, Icelandic, Italian, Japanese, Korean, Latvian/Lettish, Lithuanian, Mal||Arabic, Bengali/Bangla, Burmese, Chinese, English, French, German, Indonesian, Italian, Japanese, Korean, Laothian, Malay, Portuguese, Spanish, Thai, Turkish, Urdu, Vietnamese||Arabic, Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Norwegian, Polish, Portuguese, Romanian, Russian, Spanish, Swedish|
|General Review||Read FP Markets Review||Read Plus500 Review||Read FBS Review||Read eToro Review|
Bob TSep 3 2020
I might be using it wrong, but I have a problem with securities available after some time. It’s really easy in the beginning tho.
Heather WSep 16 2020
Plus500 don't like it if their trader makes a lot of money. So they restricted some accounts without notice. What a coward.
Moammar KSep 2 2020
Some people have said that they have a great platform and that's true. But their system will log out after 10 minutes and it's annoying. I can't leave my computer and need to click anything to keep the system active.
Adrian WalleeSep 3 2020
Don't fall for anything about this broker. Many traders lost everything to Plus500. They even got a chargeback for their funds' recovery.
Sissy MollySep 14 2020
Plus500 have a great platform, but the only thing I hate is their SPREADS. There must be a better way to rip off yout clients money. I don't want to give you any idea.
Jane HoustonAug 24 2020
Really simple and clear. But the choice for crypto is very limited that's the only thing I don't like about Plus500.
Akira HasanSep 1 2020
Plus500 is the biggest scam ever!!!!!! It made you lost all of your money. Be careful everyone! Read before trading.
Julian SernonSep 24 2020
There's no problem actually with their deposit process, but need a few days to make a withdrawal process to do.
Ronan KeytonSep 20 2020
They have a simple program. As a newbie in the trading world, I really like it. Good job.
Thomas JilliardSep 12 2020
Use Plus500 as my 1st broker because it's cheap. But as soon as I want to develop my trading sich as analysis, news, fundamentals, etc, don’t know why they are so limited. Only a good thing at the start but not for long term trading.
Peter WayneSep 1 2020
One of the logical reasons why you should avoid Plus500 is their dynamic spreads and the method used for the pricing of instruments. It clearly a scam and that's why more than 80% of their clients lose their money. There are still many good brokers out there. Do your research before joining.
Mawar JuneSep 3 2020
Plus500 set their margin level too high. Once messed up, you'll lose a big amount of money. I heard that you got a frozen screen too when you make a big money with your open position since you can't exit the markets.
Nathan JosephSep 16 2020
For almost 4 weeks they prevent me to withdraw my money, they kept getting excuses, no response, or email. They have extremely bad customer response. There is no problem with their demo account tho, but once you open a live account, your funds will loose with them.
Moses67Sep 4 2020
I learn many things from their demo account. I made plenty of money with them. Very smooth process of signing up. They made withdrawal system very simple. Nice job Plus500!
Daniel MainheartSep 13 2020
Well, it's unfortunate that this broker might get bigger but right now they need to reform their business style. Their job is pretty bad right now.
Paxton WaltersSep 3 2020
I read that they restricted clients account said that clients breached user agreement for Hedging. I mean, they could have warned the client first if they done something wrong.
Natalia ScezkovaSep 3 2020
Not interested with their system. They have high margin but with low average. Their easy process with deposit and withdrawal account won't add anything to their bad system.
Perry WalkerSep 18 2020
For my 1st experience with broker, Plus500 have a very simple system. But I'm not gonna lie that there are many other choices for another good broker.
Mia QuincySep 3 2020
This broker has low leverage and high margin. Overall deposit, withdrawal, account opening was smooth and easy.
Yamada SatoSep 3 2020
Beware, please do not make mistakes by trusting your money with this company. Have several bad encounter for trading with this broker. Not pleasant experience. Before you loose all your money, please beware.
MartinJul 28 2020
I have a good experience with FBS. The withdrawal is super fast
A couple of days ago I placed pending order but I found it not executed correctly so it's a bit disappointing. Hope it doesn't happen again
t. morozovJul 28 2020
Honestly, it's been 1 year since I opened an account in FBS and I never face any significant problem. Once I got a deposit problem due to the bad quality of the proof of payment. They requested me to resend the picture and all was good after that. For me they have the best withdrawal and client support
Always AndrewsJul 28 2020
I've tried withdrawing from my account 3 times and the total amount of withdrawal was $1500. I never run into problems. Everything's fine within 3 hours, and my trades are always executed perfectly.
Thanks FBS. Hope you can maintain your quality and keep being a trusted broker. I intend to trade for the long term after all
Da Perry BlackJul 28 2020
Imo FBS gives the best analysis to improve my trading performance.
Also, their promotion and contests are awesome
HunterJul 28 2020
Thank God everything's fine and I never meet any trouble trading with FBS. Every broker has their advantages and disadvantages, we just have to optimize the advantages and minimize the risk from the disadvantages.
Henry dayJul 28 2020
In my experience, FBS never gives me problems even when I requested some $1000 withdrawals. The process only took 2 hours most of the time.
My deposits are also great. Every time I'm researching a potential broker, I always read their terms and conditions, their promotions' pros and cons, so that I can never be trapped by said conditions.
Always put cautions when you trade and you will be safe trading in every broker.
Agustine_hartJul 28 2020
This broker actually suits me so well. Their deposit, withdrawal, and verification are all smooth. 5 stars for them!!!
Cole57Jul 28 2020
I'm sure everything will go well if we follow their terms accordingly. Like when we transfer funds, we should attach the proof for validation. I believe FBS is a professional broker considering their years of experience in this industry
Robert BakerJul 28 2020
FBS is good enough for me.. no problem so far.
Those who have problems with this broker... I never understand them. They're mostly trolls from competing brokers
Ivan SokolovJul 28 2020
I trade in FBS because of their efficiency in deposit and withdrawal. Sadly, their service has worsened lately. They used to process payment in hours now they can take up to more than a day
Lia AdmJul 27 2020
why is it so long to get pin recovery. i never receive help from the support. I need to withdraw my money!
Teddy WallaceJul 27 2020
I wonder why it's so difficult to log in the personal area even after I input the right email and password smh
GrahamJul 27 2020
I used to be an FBS client. I changed broker cz they failed my withdrawal requests. With the same trading strategy, I can be profitable and withdraw my fund in another broker.
FBS still has my respect, and I still have a plan to trade with them... maybe someday if I have disposable money. They have a good service for newbies after all.
The thing is, I hope they fix some things so clients can get better service. One instance is their PIN Recovery. It'd be better if they enable clients to click the code repeatedly, or just send it via email.
The one click policy is really bothering for most clients... and it's so unfortunate since any investment activity should not be bothered by such trivial matter.
Mason1000Jul 27 2020
First Impression: quick account opening and instant deposit.
But when it's time to withdraw, there's an incorrect pin notification. It's weird as I never change the pin.
What's worse is I have requested pin recovery for 5 times, each request takes up to 24 hours for verification, and every one of them always results with similar email replies; none of them takes me to a certain page revealing my new pin.
Ian ThompsonJul 27 2020
What an amazing experience I have with FBS.... Deposit went super fast. Now, what about the withdrawal? is everything still the same if I request $1000 withdrawal?
Ax_hendersonJul 27 2020
This broker is ok for me. Account funding is good without the fixed rate, quick process, and the MT4 server is also great. It is only the withdrawal that I'm not sure about.
TradeWiselyJul 23 2020
I don't have the slightest intention to smear their reputation, but what they did to me is just too cruel.
They did me wrong in so many things. But the most hurtful one is when they manipulate the closing price. Imagine to always got your price chopped when you're in the profit and to always have your price added when you're loss. Yes!! That's what happens to me regularly.
Just consider wisely before choosing this broker. You will find that you lost your money most of the times with this broker.
Philip CarlJul 23 2020
I had the worst experience trading with FBS.
I opened a Buy Stop on EU a few days ago, but the order was executed when the price moved lower. I checked it later and there was no evidence that the pair visited my Buy Stop level.
I've sent many complaints about it via email. And sadly none of them haven't been answered. Where is their responsibility????
PreestonJul 23 2020
I like FBS better and better every day. Their condition is one of (if not) the most accommodating for every type of traders. It really puts them in a high position among other brokers. Their cent account with leverage up to 1:1000 is a great opportunity for small traders to profit immensely.
Andrea MaxwellJul 23 2020
I'm one of FBS' loyal clients. I can testify that their payment process is always quick (only 1-2 hours), with low spread and responsive client support.
Their 60% deposit bonus is also very helpful as a trading credit. I manage to earn more than 500$ with the bonus.
El MajorJul 23 2020
Not bad. I give them 7.5/10.
Just wish that they keep prioritizing their clients and not make their tricks too harmful for clients' funds.
IcarusJul 23 2020
why did it take so long just to make a deposit.. argh!!
Jack.presleyJul 23 2020
Spread in my GBPUSD trades suddenly went up to 700 pips, but it benefited me since I place the trades in the correct position. But then my profits were canceled. Isn't it an obvious sign that they really manipulate the pricing?
SorenJul 23 2020
I almost "cheated" on my current broker to trade with FBS. What makes me avoid trading with this broker is the negative rumours spread among my trader friends. They said that getting verified in FBS is a nightmare. Also, the bonuses are mostly unwithdrawable.
Tinke NatalieJul 23 2020
Watch out for their bonus programs. Trading with the bonus account can disrupt your margin level. One of my clients got MC although his margin level is still 1000%. In my opinion, this kind of condition really mess up the money management. However, it's true that their withdrawal process is top-notch.
Barbera33Jul 23 2020
A little fact about this broker, they like to increase spreads on pending orders. At times it can even reach 40 pips. I saw it with my own two eyes a couple of weeks ago in my GU trades.
But I think it's quite normal even though some reviews have said the same thing about their "interest" to disturb GU spreads.
Speaking of withdrawal and deposit, I gotta admit that FBS is pretty good with them. They also give some traders 30% bonus for deposit to add their margin. Execution is fine and I never meet requotes
Abys RyanJul 23 2020
They said withdrawals only take 1-3 hours, but the fact is I haven't got my fund in more than 2 days. Where does my money go? It's like they disappear up in the air
Didier ZJul 23 2020
I sometimes doubt FBS considering their bad rep among traders. Most of their reviews are negative especially concerning their SL/TP execution that result in so many loss positions.
Edwin CalahanJul 23 2020
A few days ago my hedging position got MC. They put back my positions only after I emailed them about it.
Just so you know, spread widening is their go-to answer for this kind of problem
Dicky ShepherdJul 23 2020
I'm so disappointed in FBS. They modified my SL to increase my loss and canceled my Pending Order without any reason. I later learn that my Pending Order would've been ended up with profit if it was not canceled.
SantiagoJul 23 2020
I lost my trades two times just because of the MT4's poor performance. Their platform somehow differs from other brokers', both for the pricing and the indicator application. They failed my Stoploss so many times it makes me wonder why it seems like they don't bother to conceal their fraud at all
Nigel PetersonJul 23 2020
Most of the time the platform will disconnect. When it re-connects everything becomes lagging.
DominicFxJul 23 2020
This broker is a thief
When the market watch shows 00.00-02.00, the spread will jump and it can be up to 12 pips.
This is what makes many traders loss imo
Anders G.madsenJul 23 2020
Try to use an EA and u'll find many requotes and invalid prices
Marteen KhyrsJul 23 2020
After suffering an MC I was traumatized for two years. But then I found FBS about a year ago and I can say that their service is near perfect. The server is reliably fast and my withdrawal is accepted in less than 24 hr.
No requote in sight so far...
Alan 1156Jul 23 2020
The most accomplished broker I know. Almost all of the necessary trading feature is here. Withdrawal via local banks is also available, n the process is super fast XD
DanyHeitJul 23 2020
Two thumbs up for FBS. It is one of the most recommended brokers. They have customer support like no other. They don't make excuses. During my 1.5 year experience with them, everything's still fine.
Steve WayneJul 23 2020
I've tried trading here with low deposit and the service is pretty satisfying. Each problems are replied within 24 hours. I hope my withdrawal next month is also good, fast, and simple. Go FBS!
N AtikaJul 15 2020
FBS cheated my xau/usd trade. I got MC at 1480.93 while the price on MT4 is at 1479.39...
Vladimir R.Jul 15 2020
I'm very struck by the possibility of operating pharmaceutical actions with FBS. In these times of the Coronavirus, the health issue is in the first place, it's interesting to be able to trade the shares of pahrmaceutical companies.
jedi90Oct 8 2020
Terrible customer service. I’ve spent 2 weeks waiting to get verified. Its saying that by depositing money it will be faster, i do not believe this. What means if you deposit it’s faster?? You have to verify asap after you’re seeing that i have uploaded my documents, money doesn’t sleep, I’m loosing money while waiting. Got my account activated 4 weeks later.
Jason CrownSep 24 2020
I became customer and they start dialing me for days. I did not ask for this. This is the reason I terminated my account and withdrew my funds. I better stick to crypto trading on real crypto exchanges.
Jasmine ShahSep 24 2020
Despite that the sign up takes time, and few people thought that it is a scam, I can say that eToro is a reliable trading platform. I'm happy to see that my profit increases while being stuck in this pandemic. Thank you!
HenderySep 24 2020
I love eToro for many reasons. It is a social investment/trading platform so you will be able to exchange ideas with other users. It has a unique feature to copy portfolios of successful traders you like on the platform. It’s also really transparent as you’ll see returns and trading history of other users. Definitely recommend.
Gemma AnthonySep 23 2020
I have been with etoro for a couple of months now I have found them nothing but excellent. I am new to the game and I have found that I am finding my feet and that I have no problem with etoro they make it simple for me to invest and also very simple to withdrawal I can't thank them enough for this platform.
Carly FoehrSep 21 2020
The app and website always crashes whenever there is an opportunity to earn profits. What is the point having etoro anyways?? if it cant provide its users a proper platform to trade on.
Noah CarlesnSep 21 2020
Their support blames you even when it is a server side issue. I bought a stock they took the money out of my account but the position didn’t appear (it just randomly opened later) I bought it at market open.
asx88Sep 20 2020
It looks like a good website until you want to withdraw your money and need the customer support for help. I'am waiting a month now to get my money back, but it's still not on my account.
Hok ChoSep 20 2020
The withdrawal process is confusing. Cannot even withdrawn using bank deposit.
DellamarieSep 20 2020
My experience was bad with Etoro and there are many reasons. The platform stops working in case of profit and the inability to close profitable trades.When the payment is withdrawn, the account is suspended due to violation of Etoro's terms.
Kina BSep 20 2020
I have been trading with Etoro for a while now dough I have only made small deposit I find the site to be reliable, also have made withdrawal and find it reliable in that area as well. Their platform is very good don't get me wrong I just prefer the MT4 platform; I give them a 4 star not because they don't deserve a 5 star is for the lack of MT4 other than that kudos to you Etoro.
Laila MoonSep 18 2020
Solid platform its just expensive to use. The lay out is good but opening the same trades on my etoro account compaired to my mt4 account is shocking. I always make less money with etoro . Good platform for absolute beginners.
Megan WheySep 16 2020
Besides low tradeing fee, anything else is horrible. The worst fact its that their app won't work on mondays when US market opens. I lost a ton because i wasn't able to reach my positions in time and they won't even care.
Jules RSep 15 2020
eToro is very user-friendly and easy to navigate. As an investor, I like how easy it is to monitor each position I open and set up my entry and target point. It's an awesome social trading platform. I find myself spending more time with this app now than other social networks and trading platforms.
Azizah NSep 14 2020
I have been using it for 5 years now, high fees, but it is really easy to use, and powerful at the same time.
Arlene JSep 13 2020
SL orders have high slippage. Also they took high comission and fee on withdrawal process which is very upsetting. There are better alternatives anyway.
JosephineSep 13 2020
I don't know how this broker works. They manipulated and hunts stop loss even if your SL is 15-20 pips away. Please beware of their slippage, your chart will suddenly blank. Their chart also different from other live feeds.
Susan BuchierSep 12 2020
It looks like etoro will block all the great possibility investment and manipulated stock prices. Then after that, you will loose all of your money.
John WaltersSep 10 2020
This is either a scam or they have the worst APP and customer service ever. I have been trying to withdraw my money for weeks now and they will not give it back. Stay away.
Daniel ParkSep 10 2020
Etoro has a nice easy to use platform and is good for beginners. They have a lot of useful features and the option to copy trade other traders. It's not a bad platform, but I don’t think to stayed there for too long.
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