Following our in-depth review and ranking process, here are the best forex brokers in the United Arab Emirates;
- IG
- CMC Markets
- Pepperstone
- Forex.com
- Capital.com
Table of Contents
1. IG
IG is a highly reputable global online broker established by IG Group plc; a publicly-traded company listed on the London Stock Exchange. IG offers CFD trading across a wide variety of asset classes including forex, shares, indices, commodities, cryptocurrencies, options, bonds, interest rate, sectors and ETFs with over 17,000+ instruments available to trade.
IG offers an exceptional brokerage service, with trading solutions suitable for retail (beginners and professionals) and institutional clients (such as hedge funds, family offices, private investment vehicles, asset managers, brokers, banks and introducing brokers). Also, traders can get access to an extensive list of great brokerage services including deep liquidity, superior trade execution, volume-based rebates, industry-standard trading platforms, competitive spreads, expert customer support service, and much more.
IG Overview
| Broker | IG |
|---|---|
| Regulation | DFSA (UAE), CFTC (U.S.), FCA (U.K.), ASIC (Australia), FCA (United Kingdom), FINMA (Switzerland), FMA (New Zealand), MAS (Singapore), FSA (Japan), FSCA (South Africa), BMA (International) |
| Forex Pairs | 81 |
| Trading Platforms | ProRealTime, L2 Dealer, MetaTrader 4 |
| Minimum Deposit | $300 (or currency equivalent) |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:200 |
| Account Currencies | USD, GBP, AUD, EUR, SGD, HKD. |
| Payment Methods | Bank Wire Transfer, Credit/Debit Cards, Paypal |
Pros
- Strong regulatory framework.
- Listed on the stock exchange.
- 45+ years of industry experience.
- 313,000+ clients worldwide.
- Deep liquidity.
- Negative balance protection.
- Volume-based rebates.
- Industry standard trading platforms available in web, mobile and desktop versions.
- Competitive spreads from 0.6 pips on major currency pairs.
- Fast and secure payment methods.
- No minimum deposit for bank transfer.
- Excellent eductional offering for beginner, intermediate and advanced traders.
- Outstanding research offering.
- Great customer support service.
Cons
- Inactivity fee charged (after 2 years of inactivity).
- No support for copy trading and social trading.
- Avergae overnight fee.
- Limited product portfolio in some countries.
- No support for social trading and copy trading.
2. CMC Markets
CMC Markets is a global Forex and CFDs provider established by CMC Group; a publicly-traded company listed on the London Stock Exchange and a constituent of the FTSE 250 Index. It offers CFDs across a wide variety of markets including forex, indices, commodities, shares, ETFs, cryptocurrencies and treasuries with over 11,000+ instruments to trade.
CMC Markets offers excellent trading solutions for both retail and institutional clients (such as banks, brokers, money managers, family offices, fintech and private banks). It also provides support for all trading styles and strategies including scalping, hedging and algorithmic trading etc. Furthermore, traders can enjoy competitive spreads, deep liquidity, superior order execution, industry-standard trading platforms, fast & secure payment methods, quality market research offering, quality education offering and a great customer support team, among others.
CMC Markets Overview
| Broker | CMC Markets |
|---|---|
| Regulation | DFSA (UAE), ASIC (Australia), IIROC (Canada), BaFin (Germany), MAS (Singapore), and the FCA (U.K), FMA (New Zealand) |
| Forex Pairs | 300+ |
| Trading Platforms | Next Generation platform, MetaTrader 4 (MT4) |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, EUR, USD, AUS, CAD, NOK, NZD, PLN, SEK, SGD |
| Payment Methods | Wire Transfer, Credit / Debit Cards, Electronic Payments. |
Pros
- Strong regulatory framework.
- Over 30 years’ industry experience
- Beginner friendly.
- Trusted by over 300,000+ global clients.
- Clients funds are segregated.
- Deep liquidity and no requotes.
- 330+ currency pairs.
- No minimum deposit.
- Industry-standard trading platforms (proprietary and third-party) available for mobile and desktop devices.
- Support for expert advisors.
- Ultra-fast order execution with umatched liquidity.
- Flexible and high leverage, from 1:1 to 1:500.
- Ultra low spreads from 0.0 pips on major currency pairs.
- Secure payment methods, with fast deposit and withdrawal processing times.
- Great customer support with fast response time.
Cons
- Limited product offering.
- Withdrawal fee charged for international bank transfer.
3. Pepperstone
Pepperstone is a global award-winning online broker established and operated by the Pepperstone Group. It offers Forex trading, spread betting and CFDs across a variety of global markets including forex, indices, commodities, shares, and cryptocurrencies, with over 1200+ instruments to trade.
Pepperstone offers top-notch trading solutions which accommodate both beginner and professional retail traders, and also supports all trading styles and strategies (such as scalping, hedging, algorithmic trading etc). In addition, clients can enjoy deep liquidity, low-cost trading, competitive spreads, superior trade execution, multiple industry-standard trading platforms, volume-based rebates, fast & secure payment methods, great research & educational offering and a dedicated customer support team available 24/7 etc.
Pepperstone Overview
| Broker | Pepperstone |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), DFSA (Dubai) |
| Forex Pairs | 61 |
| Trading Platforms | MetaTrader4, Metatrader5 and cTrader |
| Minimum Deposit | $0 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | AUS, USD, SGD, HKD, JPY, NZD, EUR, CHF, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Neteller, Skrill, PayPal and Poli. |
Pros
- Strong regulatory framework.
- Beginner friendly.
- Easy account registration process.
- Deep liquidity and no requotes.
- Low latency and fast order execution.
- Supports all trading styles and strategies (including, scalping, hedging, algorithmic trading etc.)
- Multiple account base currencies.
- Negative balance protection.
- Over 61 currency pairs, including major, minor and exotic pairs.
- Tailored account types with great trading conditions, competitive pricing and advanced tools.
- Secure payment methods, with fast deposit and withdrawal processing times.
- Industry-standard trading platforms available in web, mobile and desktop versions.
- Zero commissions and consistently low spreads (from 0.6 pips ) on the standard account.
- Ultra-low spreads on major currency pairs from 0.0 pips on the Razor account.
- Active Trader Program to reward high volume trading with cash rebates which is paid daily.
- No inactivity fee charged.
Cons
- Demo account duration limited to only 30 days.
- Limited product offering.
4. Forex.com
Forex.com is a highly reputable online broker across the globe and a part of StoneX Group Inc. (NASDAQ: SNEX), a publicly-traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Forex.com offers forex trading and CFDs across a variety of asset classes including, indices, metals, commodities, stocks and cryptocurrencies, with over 4,500+ instruments to trade.
Forex.com offers a well-rounded trading solution, suitable for retail, commercial and institutional clients. It provides support for all trading styles and strategies (such as hedging, scalping and EAs, etc). In addition, it offers a number of great trading services including; low-cost trading, top tier liquidity, superior trade executions, industry-standard trading platforms, professional guidance and support, transparent fee structure, an active trader program for reduced trading cost, and much more.
Forex.com Overview
| Broker | Forex.com |
|---|---|
| Regulation | ASIC (Australia), NFA (US), CFTC (US), FCA (United Kingdom), FSA (Japan), IIROC (Canada) |
| Forex Pairs | 80 |
| Trading Platforms | Forex.com Webtrader, Metatrader 4, Forex.com Mobile App |
| Minimum Deposit | $100 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:50 |
| Account Currencies | USD, EUR, CAD, JPY, CHF, AUD, GBP |
| Payment Methods | Bank Wire Transfer, Credit/ Debit Cards, Paypal, Skrill, Neteller. |
Pros
- Strong regulatory framework.
- Over 20 years of indusry experience.
- Beginner friendly.
- Top tier liquidity.
- Low latency and superior order execution.
- Supports all trading styles and strategies.
- Negative balance protection.
- Clients funds are segregated.
- Over 80 currency pairs, including major, minor and exotic currency pairs.
- Transparent fee structure with no hidden charges.
- Low forex trading fee.
- No deposit or withdrawal fee.
- Offers Active Trader Program which helps reduce trading cost by up to 15%.
- Quality educational and market research offering.
- Industry standard platforms available in web, mobile and desktop versions.
- Great customer support service.
Cons
- Inactivity fee of $15 (or 15 base currency equivalent) charged per month if there is no trading activity or no open positions for a period of 12 months or more.
5. Capital.com
Capital.com is a cutting-edge & innovative global online broker offering forex trading and CFDs across a variety of asset classes including indices, commodities, shares, ETFs and cryptocurrencies, with over 6000+ instruments to trade.
Capital.com offers a well-rounded brokerage service with trading solutions suitable for retail and institutional clients. It also provides support for all trading styles and strategies such as scalping, hedging and algorithmic trading etc. In addition, clients can enjoy an extensive list of great brokerage services including; deep liquidity, low trading fee, ultra-tight spreads with zero commissions, fast order execution, negative balance protection, industry-standard trading platforms, quality education offering and great customer support service, among others.
Capital.com Overview
| Broker | Capital.com |
|---|---|
| Regulation | ASIC (Australia), FCA (United Kingdom), CySEC (Europe), NBRB (Belarus) |
| Forex Pairs | 138 |
| Trading Platforms | Capital.com Web Platform, MetaTrader 4, TradingView |
| Minimum Deposit | $20 |
| Demo Account | Available | Open Demo Account |
| Maximum Leverage | 1:500 |
| Account Currencies | GBP, USD, EUR, PLN, AUD |
| Payment Methods | Bank Wire Transfer, Visa, MasterCard, Skrill, Neteller, iDeal, Giropay, Przelewy24, QIWI, WebMoney, Trustly, Worldpay and AstroPay |
Pros
- Strong regulatory framework.
- Easy account registration process.
- Low minimum deposit (from $20).
- Deep liquidity.
- Fast order execution.
- Negative balance protection.
- Industry standard trading platforms.
- Transparent fee structure, with no hidden charges.
- Zero commissions.
- No deposit and withdrawal fees.
- Consistent ultra-tight spreads.
- Low overnight fee.
- Free quality trading education, including online courses, guides and webinars.
- Unlimited demo account duration.
- Great customer support service, available 24/7.
Cons
- MetaTrader 5 is not available.