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Forex Brokers in United Arab Emirates

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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.


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Score Broker Country Regulation Min Deposit Max Leverage

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.


Additional FAQ

Official regulators in the UAE are as follows:

  • The Dubai Financial Services Authority (DFSA)
  • The Abu Dhabi Global Market (ADGM)
  • The Securities Commission Authority (SCA)
  • Central Bank of the United Arab Emirates (CBUAE)

It is important to understand that the UAE is divided into two financial areas, namely the Mainland and Free Zones. Brokers who operate in the Mainland are regulated by the SCA or CBUAE. Meanwhile, DFSA and ADGM regulate brokers in the Free Zones, which are designated to encourage foreign investments and allow foreign-owned companies to be located.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.

In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

As a Muslim-majority country, UAE mainly uses the Sharia law. Consequently, regulators also need to ensure that financial activities such as forex trading that take place in the Mainland are Sharia compliant. This means, brokers must offer a swap-free account for clients in the UAE.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

For UAE traders, UAEPGS is a transfer payment gateway introduced by the Central bank of the UAE. It is a safe and reliable method that's able to fund your forex account within 30 minutes only. ADSS is the only broker in the UAE that uses UAEPGS, so it's definitely quite a huge perk for UAE traders.

Continue Reading at Guide to Instant Deposit on ADSS for UAE Traders