Forex Brokers in United Arab Emirates
The United Arab Emirates is a popular jurisdiction for forex brokers, with many forex brokers having a registered office in the Middle Eastern nation. UAE also has several financial free zones where different rules apply. Sometimes, forex brokers in the UAE operate with only a representative license from the Central Bank of the UAE (CBUAE), while others are registered with the Dubai Financial Services Authority (DFSA) or overseen by some local regulatory agencies only.
The UAE has quickly grown to become a regional country for trading in all financial markets, with forex trading being no exception. It is partly because of the UAE’s favorable tax policies.
| Broker | Regulation | Max Leverage | Min Deposit | General Rating | |
|---|---|---|---|---|---|
| Dukascopy Hong Kong 1998 | DFSA (Dubai) F004307 FCMC (Latvia), May, 2011 FINMA, June 15, 2010 FSA (Japan), 2408 ESMA | 1:200 | $100 | Review | |
| Axi Australia 2007 |
ASIC, 318232 DFSA (Dubai), 2758 FCA (UK), 509746 FSCL (New Zealand) FSP518226 | 1:400 | $1 | Review | |
| HYCM Hong Kong 1977 | Cayman Islands Monetary Authority 1442313 CySEC, 259/14 DFSA (Dubai), 000048 FCA (UK), 186171 FSA (St. Vincent & the Grenadines), 25228 | 1:325 | $100 | Review | |
| IG Australia 1974 |
CFTC/NFA, 0509630 FCA (UK), 195355 | 1:50 | $1 | Review | |
| Hantec Markets Australia 2009 | FCA (UK) 502635 FSC (Mauritius), C114013940 Jordan Securities Commission, 51905 | 1:30 | $1000 | Review | |
| Saxo Bank China 1992 |
ASIC, 109605610 Banque de France 483632501 CySEC, 163/12 FCA (UK), FC026688 FSA (Denmark), 1149 SFC (Hong Kong), 1395901 ESMA | 1:200 | $2000 | Review | |
| HotForex Cyprus 2010 | CySEC 183/12 DFSA (Dubai), F004885 FCA (UK), 801701 FSA (Seychelles), 8419176-1 FSA (St. Vincent & the Grenadines), 22747 FSC (Mauritius), 094286 FSCA (South Africa), 46632 | 1:1000 | $5 | Review | |
| OANDA British Virgin Islands 1995 | CFTC/NFA 0325821 FCA (UK), 54257 FSA (Japan), 1571 FSC (BVI), SIBA/L/20/1130 Kanto Local Finance Bureau (Japan), 2137 MFSA, 18.12.2020 | 1:50 | $1 | Review | |
| FxPro Bahamas 2006 |
CySEC, 078/07 DFSA (Dubai), F003333 FCA (UK), 509956 FSCA (South Africa) 45052 | 1:50 | $100 | Review | |
| Swissquote Hong Kong 1996 |
DFSA (Dubai), 4 FCA (UK), 562170 FINMA 4 SFC (Hong Kong), 3 | 1:100 | $1000 | Review | |
| GKFX Chile 2009 |
ASIC, 424122 BaFin 130602 CONSOB (Italy), 2915 Czech National Bank, 256/2004 DMCC (Dubai), 32142 FCA (UK), 501320 Finansinspektionen (Sweden), 556873-1326 FINRA, 16.06.2021 SFC (Hong Kong), AZJ874 ESMA | 1:30 | $200 | Review | |
| FxNet United Arab Emirates 2012 |
CySEC, 182/12 IFSC (Belize), 130266 | 1:500 | $50 | Review | |
| Deriv Malaysia 1999 |
FSA (Labuan), MB/18/0024 FSC (BVI) SIBA/L/18/1114 MFSA, C70156 The Financial Commission, 08.06.2020 Vanuatu Financial Services Commission, 14556 | 1:1000 | $5 | Review | |
| Axiory Belize 2011 |
CySEC, 271/15 IFSC (Belize), 000122/15 | 1:777 | $10 | Review | |
| FXGlory Cyprus 2011 | None | 1:3000 | $1 | Review | |
| AAFX Trading Australia 2004 | FSA (St. Vincent & the Grenadines) 22916 IBC | 1:2000 | $100 | Review | |
| BMFN Australia 1988 |
Vanuatu Financial Services Commission, 40202 | 1:400 | $50 | Review | |
| One Financial Markets United Arab Emirates 2007 |
FCA (UK), 466201 SFC (Hong Kong) BFZ621 The Financial Commission, 14.05.2020 | 1:30 | $250 | Review | |
| FXPCM Canada 2007 | Dubai Gold and Commodities Exchange 114 SCA (UAE), 204 | 1:500 | $100 | Review | |
| ICM Capital China 2009 |
FCA (UK), 520965 Jordan Securities Commission 02.04.2020 | 1:30 | $200 | Review | |
| JCMFX Belize 2014 |
FSA (St. Vincent & the Grenadines), 23313 | 1:1000 | $10 | Review | |
| Tifia Indonesia 2011 |
FSC (Mauritius), GB19024824 Ministry of Finance and Economic Management (Vanuatu) 40209 | 1:1000 | $10 | Review | |
| Capital Street FX Bulgaria 2012 |
FSC (Mauritius), C112010690 | 1:3500 | $100 | Review | |
| Equiti Global Markets Armenia 2007 | DMCC (Dubai) 31573 Dubai Gold and Commodities Exchange, 31573 FCA (UK), 528328 SCA (UAE), 607136 | 1:500 | $500 | Review | |
| Boston Merchant Financial Australia 1988 |
ASIC, 379035 FCA (UK), 563348 FFMS 1220 FSC (Bulgaria), RG-03-220 FSP (New Zealand), FSP328066 ESMA | 1:400 | $50 | Review | |
| Fort Financial Services China 2010 |
IFSC (Belize), IFSC/60/256/TS/14 | 1:1000 | $5 | Review | |
| CMS Prime United Arab Emirates 2004 |
FSA (St. Vincent & the Grenadines), 24495 IBC 2018 FSC (Mauritius), GB19024331 Vanuatu Financial Services Commission 40437 | 1:500 | $1000 | Review | |
| VPFX Malaysia 2020 |
FSA (Labuan), LL16224 | 1:500 | $100 | Review | |
| FXGate Malaysia 2019 |
FSA (Labuan), MB/19/0031 | 1:100 | $100 | Review | |
| SmartFX United Arab Emirates 2018 |
Vanuatu Financial Services Commission, 40491 | 1:400 | $200 | Review | |
| MultiBank Australia 2005 |
ASIC, 416279 BaFin, 73406 DFSA (Dubai), CL3989 FCA (UK), 481068 FSC (BVI), SIBA/L/14/1068 Ras Al Khaimah Free Trade Zone IC/2993/10 | 1:500 | $50 | Review | |
| TryMarkets United Arab Emirates 2012 | IFSC (Belize) FSC/60/337/TS/17 | 1:500 | $500 | Review | |
| City Index United Arab Emirates 2001 | ASIC ACN 141 774 727 FCA (UK), 113942 Monetary Authority of Singapore, 200400922K | 1:30 | $250 | Review |
If you are interested to open an account in one of the brokers in the list above, make sure to try the forex demo account before proceeding to register in the live account.
FAQ
What is the best forex broker in United Arab Emirates?
Finding the best forex broker in United Arab Emirates is not much different from choosing the right broker in general. Aside from making sure that the forex broker is available for client registration from United Arab Emirates, you need to check its regulation, minimum deposit, spread, leverage, payment methods, and other trading-related aspects that may affect your strategy. Furthermore, make sure that the broker has a good credibility and reliable customer support.
Where can I trade forex in United Arab Emirates?
The list in this page can be a good reference if you look to trade with in United Arab Emirates. We have sorted specific forex brokers that accept clients from United Arab Emirates, so you can choose one of the brokers by comparing their minimum deposit, regulation, leverage, and rating. If you are interested to learn further about a certain broker, feel free to click the review button.
What is the best forex broker for beginners?
If you are a beginner and looking for the right broker to trade with in United Arab Emirates, some aspects that you need to pay attention to are the low minimum deposit, demo account, and educational features. Apart from that, it's also better to make sure that the broker has good customer service because as a beginner, you may need to consult about broker services that still seem incomprehensible to you.
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