Best Forex Broker in UAE 2022: Top UAE Forex Brokers List!

Today, we live in a world where we exchange goods and services with money. This money is in the form of currency, which mostly varies from country to country. Since the value of one currency does not match with another, the scope for foreign exchange and the foreign exchange market arises. Currency exchange or trading platforms enable customers to swap one currency for another. Opening a multi-currency bank account is a simple way to avoid currency conversion expenses. You should decide your investment objectives before entering into any form of business.

A foreign exchange market is needed to determine the value of each foreign currency, thus making it much easier to exchange different currencies. It can also be considered a better investment option. Dubai multi commodities centre offers forex trading, and Dubai Mercantile Exchange offers commodities exchange in the Middle east.

Here comes the necessity of top forex brokers in UAE who act as a middleman between you and the market (middle east). Forex represents foreign exchange that provides traders access to a platform for buying and selling foreign currencies. You can choose a forex broker based on your particular trading style.

About Forex Brokers in United Arab Emirates

The foreign exchange market is a 24-hour market. The clients of online forex broker usually include retail currency traders or large financial services firms that trade on behalf of investment banks and other customers. A forex broker is compensated either by additional charges or through the bid-ask spread of any currency pairs. It generally does not charge any interest on the money it invests.

The regulations are made by National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC) for brokers in the UAE. Dubai Gold and Commodities exchange regulates the best forex broker. You should find the top broker in the UAE who is authorized and has proper knowledge about trading; also, these liquidity providers enable brokerages to fund their trade.

Best Forex Broker in UAE

  • Dukascopy:- Best For Cryptocurrency Trading
  • ActivTrades:- Best For Manual Traders
  • HotForex:- Best For MetaTrader Platform
  • FxPro:- Best For MetaTrader & cTrader Platform Offering
  • Axi:- Best For Range of Currency Offerings
  • XTB:- Best For Excellent Trading Experience & Low Cost
  • HYCM:- Best For Trading Forex & CFDs
  • Pepperstone:- Best For Low-Cost Offerings
  • Swissquote:- Best For Wide Range of Financial Products
  • IG:- Best For Trading Platforms Offerings

Top UAE Forex Brokers List


Headquartered in Geneva, it has its offices in various countries. These top forex brokers offer both online trading platforms and mobile trading services that include forex trading, e-banking, trading automation, and forex ECN; as for MT4 MT5, it supports MT4, trading platforms that deal in British pounds, and more, has a wider spread, but no 0 pips, retail investor accounts, and much more.

Regulated by the Swiss Financial Market Supervisory Authority (FINMA), it started offering the option of trading forex in 1999. However, know more about the best forex broker UAE trade platform in detail from our honest review.

Dukascopy Features

Regulated By FINMA
Best For Best For Cryptocurrency Trading
Year Founded 2004
Min Deposit $100
Maximum Leverage 1:200
Tradable Assets Forex, Crypto (virtual money), Precious Metals, Bonds, Indexes, Stocks, ETF

Dukascopy - Best Forex Broker UAE

Pros and Cons of Dukascopy

Pros Cons
More than 10,000 traders with mobile trading & online trading. No swap-free accounts.
Up-to-the-minute quotes are provided for every trading account holder. Payouts in retail investor accounts and others are delayed.
Multiple currency accounts for traders. The demo account expires after 14 days.

Fee Structure

  • Withdrawal & Deposit Fees:- No
  • Inactivity Fees:- Yes

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Founded in 2001, ActivTrades, one of the top brokers in the UAE, initially specialized in forex trading. Headquartered in the heart of London, it educates traders to help them trade better. Like most brokers, it offers a demo account for forex traders, MT4 MT5 support, beginner traders friendly, tight spreads, lower spreads, online education, retail investor accounts, mobile trading, and other financial instruments that help clients know more about their account types.

ActivTrades Features

Regulated By CSSF, FCA
Best For Best For Manual Traders
Year Founded 2001
Min Deposit $500
Maximum Leverage 1:50
Tradable Assets Index, Commodity, Bonds, & More

ActivTrades - Top Forex Broker in UAE

Pros and Cons of ActivTrades

Pros Cons
Highly authorized & MT4, MT5 support. Does not hold banking licenses.
Clear fees report for future reference. Inactivity fees for the inactivity process.
Good search functions are available for web trading. No price alerts, which may not make clients aware.

Fee Structure

The trusted brokers are transparent and have no hidden payment amount, and share commissions start at 0.01%. You need to pay market data charges.

  • Trading platforms charges occur when you start forex trading and using other services.
  • Non-trading platforms compensation charges include withdrawal and inactivity charges.

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An award-winning best overall forex broker, HotForex provides trading services for institutional and retail clients. This Dubai forex broker offers various account types to assist forex traders online. Regulated by Dubai Financial Services Authority (DFSA), HotForex Islamic account offers an Islamic account for Muslim faith traders.

UAE brokers offers the fixed spread account (deals in British pounds too), a market maker, no commission fees, lowest fees, fast withdrawals, video tutorials, low spreads, but no 0 pips, & fit for Muslim traders. Check out the preferences on a minimum requirement on their website according to the account type when you make your first deposit on these trading platforms.

HotForex Features

Regulated By DFSA, FCA, FSCA, FSA
Best For Best For MetaTrader Platform
Year Founded 2010
Min Deposit $5
Maximum Leverage 1:1000
Tradable Assets Forex, Metals, Shares, Stock Indices, Bonds, Commodities, Energies, DMA Stocks, ETFs

HotForex - Best Forex Brokers United Arab Emirates

Pros and Cons of HotForex

Pros Cons
Various types of trading accounts, including Islamic accounts & lowest spreads. High trading fees and only one trading platform.
9 different financial markets. 24/7 customer support service is not available.

Fee Structure

HotForex trusted brokers do not impose any commission on micro accounts and auto accounts, so it is not necessary to pay an additional price for these two account types, commission-free trading, and the lowest spreads. For USD/CAD spread starts from 0.6 pips.

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Headquartered in the UK, FxPro offers an extensive range of platforms. However, it also comes in as one of the top forex brokers UK. In this best overall broker, you can complete transactions that have no dealing with desk intervention.

It also assures the best possible trading conditions, MT4 MT5 support, fast withdrawals, Competitive lowest spreads, master card option, trading accounts, and execution with CFD instruments (it is considered that CFDs are complex instruments & come with high risk), retail CFD accounts lose money due to leverage. Therefore, avail the best CFD broker where the CFD broker will help you with the trade.

FxPro Features

Best For Best For MetaTrader & cTrader Platform Offering
Year Founded 2006
Min Deposit $1000
Maximum Leverage 1:200
Tradable Assets Forex, Spot Indices, Spot Metals, Futures, Shares

FxPro - United Arab Emirates Forex Brokers

Pros and Cons of FxPro

Pros Cons
A completely free demo account. The demo accounts are a good option & most suitable for beginners. The demo account lasts for only 180 days with which beginners may not be able to learn.
Fast execution model, master card support with lowest spreads. Commission charges are comparatively higher than average.

Fee Structure

  • Inactivity fees are being charged.
  • No withdrawal and deposit fees are being charged.
  • This online forex has a low financing rate.

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Axi, (previously named as AxiTrader) an Australian regulated forex broker founded in 2007, is considered safe as it is regulated by multiple financial authorities, you can read more about it from our page also. However, Axi best overall broker, has a mobile app that takes care of all mobile users who use the app for trading (mobile trading), as for MT4, MT5 platform it offers only MT4 support.

Headquartered in Australia, has its offices in the United Arab Emirates and the United Kingdom. It offers Islamic accounts for trading tailored to Islamic traders. Trading CFD instruments is possible, whereas retail CFD accounts may have a high risk of losing money.

So, retail CFD accounts must be carefully handled as accounts lose money so many factors to be considered (as CFDs are complex instruments). Apart from this, you can also check out our page of Australian forex brokers in detail to explore.

Axi Features

Regulated By FCA
Best For Best For Range of Currency Offerings
Year Founded 2007
Min Deposit $0
Maximum Leverage 400:1
Tradable Assets Forex, Trading CFDs, Crude Oil, Indices

Axi - Best For Forex Trading in UAE

Pros and Cons of Axi

Pros Cons
Minimum deposits of money are not required & have a wide range of trading platform. Possibility of conversion charges.
Enables users to access a wide range of base currencies. A limited number of forex pairs.

Fee Structure

  • Axi’s deposits are usually risk-free. Your bank might charge an amount for a wire transfer or you might incur a conversion charge if the deposit method does not match your base currency. One must be aware of these factors.
  • Overnight payments are a type of cost that every broker charges for maintaining a trade overnight.

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XTB offers a personalized trading experience for beginners and experienced traders, offering a wide range of instruments. It offers negative balance protection, account tiers, and multiple account funding options to the clients; as for MT4/MT5 support, it offers only MT4 and has trading accounts with the support of mobile trading & online trading as well. Although, read more about it from our page and know its services in detail. Note- despite a regulatory one, be careful while trading as some accounts lose money.

XTB Features

Regulated By FCA
Best For Best For Excellent Trading Experience & Low Cost
Year Founded 2002
Mini Deposit No Min Deposit
Maximum Leverage 30:1
Tradable Assets Financial Instruments Like Forex, Indices, Stock CFDs & ETF CFDs

XTB - Best Forex Trading Platform in UAE

Pros and Cons of XTB

Pros Cons
Offers protection to the client’s accounts. No guarantee for stop-loss like other companies.
Multiple deposit & withdrawal methods Inactivity charges are imposed.

Fee Structure

The swap charge is the cost of rolling a transaction from one day to the next. No commission is charged for standard accounts. If your withdrawal amount is below certain fixed ones, you need to pay the amounts based on factors like base currency for trading and the withdrawal method used. If there is no trading activity for over 12 months, inactivity charges need to be paid as compensation, low minimum deposits.

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Being a London-based broker, Henyep Capital Markets (HYCM) offers a dedicated education section on its website, MT4 MT5 support, bonus promotions, economic calendar, fixed spreads, trading CFDs, smooth trading experience, & more.

This Cysec FCA and DFSA regulated has is Headquartered in Hong Kong, Henyep Capital Markets got its first license number from UK regulatory bodies. Be careful while trading as some accounts lose money.

HYCM Features

Regulated By FCA, DFSA, CySEC (Cyprus Securities and Exchange Commission)
Best For Best For Trading Forex & CFDs
Year Founded 1977
Min Deposit $100
Maximum Leverage 30:1 (UK & Europe) and 500:1 (Global)
Tradable Assets Financial Instruments Like Forex, Derivatives, Indices, Cryptocurrencies, CFDs, Stocks, EFTs

HYCM - One Of the Best Forex Trading Platforms UAE

Pros and Cons of HYCM

Pros Cons
Great educational content on the website, MT4 MT5 support. Outdated design for trading platforms.
Easy and user-friendly account opening. No customer support on weekends.

Fee Structure

  • No withdrawal and deposit charges.
  • High inactivity charges apply.
  • Trading platforms charges depend on account type.
  • Fixed spreads

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Pepperstone is an online forex and CFD trading platform providing competitive pricing to its clients. Uncomplicated access to the markets is ideally suited for traders who want a manageable range of low-cost offerings with multiple account types, a range of such instruments, copy trading, currency pair, and MT4 MT5 support.

Pepperstone Features

Regulated By FCA, ASIC, BaFin, SCB, CMA, DFSA, CySEC
Best For Best For Low Cost Offerings
Year Founded 2010
Min Deposit AUD$200
Maximum Leverage 30:1 (Forex); 20:1 (Stock Index CFD)
Tradable Assets CFDs in FX, crypto, commodities, indices, shares

Pepperstone - Best Forex Broker in UAE

Pros and Cons of Pepperstone

Pros Cons
Low forex charges. No guaranteed stop loss from their companies.
Account opening procedure is fast and completely digital on its website. High bank withdrawal price for clients outside Australia / EU.

Fee Structure

  • Withdrawals of money depend on the location.
  • The withdrawal price is zero, except for international wire transfer.
  • No inactivity charges.

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Swissquote international forex broker is regulated and is used by over 3,00,000 users and traders. It is there for several years and offers forex trading, swap free account, MT4 MT5 support, a user friendly platform, debit card support, currency pair, social trading, research tools, and other entities. All these features provide good trading conditions.

Swissquote Features

Regulated By FCA
Best For Best For Wide Range of Financial Products
Year Founded 1996
Minimum Deposit $1000 (Standard); $10,000 (Premium); $50,000 (Prime)
Maximum Leverage 1:100
Tradable Assets Shares, Options & Futures, ETF, Forex, Commodities, Bonds, Cryptocurrencies

Swissquote - Top-tier Forex Brokers UAE

Pros and Cons of Swissquote

Pros Cons
Access to numerous products, mutual funds & markets, including social trading from their companies. Certain research tools are not free of cost.
Credit and debit cards are available with Swissquote bank. Charges entity payment for deposits & withdrawal.

Fee Structure

  • Trading platforms do not accept any third-party payments.
  • No inactivity charges.
  • Withdrawal charges of $10 are applicable.

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Founded by Stuart Wheeler, the IG Group broker is regulated and has over 1,78,000 clients across five continents and an excellent industry reputation. It offers U.S. clients leverage across 80 currency pairs and a well-organized website that discloses all the services provided including the following features like financial instrument, real trading, digital currencies, charting tools, technical analysis, accept clients in UAE and other places too, and more.

These many available currency pairs can be considered as one of its major advantages. Persons in the UAE financial market can use copy trading to automatically replicate positions managed by other individuals which is not possible. Although, to know more about the IG markets platform click here.

IG Features

Regulated By FCA, CFTC, NFA
Best For Best For Trading Platforms Offerings
Year Founded 1974
Minimum Deposit $250
Maximum Leverage 50:1
Tradable Assets Forex, Indices, Shares, Cryptocurrencies (virtual money)

IG - Best Platform For Forex Trading UAE

Pros and Cons of IG

Pros Cons
Emphasis on research & education. No backtesting integration or copy trading in the trading platform.
Offers a wide range of asset classes to the clients, making it much more reliable. No negative balance protection could be a high degree risk.

Fee Structure

Swap charges will apply, which may be subject to currency conversion charges if you trade in a currency other than your account’s base currency. Inactivity charges apply if there is no activity in your trading account for 24 months. For wire withdrawals, $15 will be charged. So It’s not free trading platform.

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Is Forex Trading Legal in UAE?

Yes, it is authorized and legal in the United Arab Emirates forex brokers to trade in forex through local brokers regulated by SCA (Securities and Commodities Authority) or any other regulatory authorities.

Various exchange platforms like Dubai diamond exchange, Dubai pearl exchange, and forex trading platforms are available in the United Arab Emirates (the largest city). Open your standard account legally where the trading account can be any investment account containing securities, cash, and much more.

There are various payment methods available for traders that help you in choosing the best forex brokers United Arab Emirates has to offer.

How Do I Trade Forex in UAE?

Since the forex trading platform went online, it is very convenient for traders to conduct their business. But, beginners should get advice from advanced traders because they are responsible for their money.

The first and foremost step to start forex trading is to find the top UAE forex brokers or best forex brokers in UAE before you start trading. Recheck whether you choose the best broker. These days, there are various brokers for forex trading available online.

You will then need to create a forex trading account and can start the currency pairs of your own choice. Get investment advice from the best fx broker in the UAE before opening your forex account. Choose account like demo MT4 MT5 ctrader for better safety as large volume of trades are done know your financial situation.

Choosing The Best Forex Brokers in UAE

Broker Regulation

It is a better opportunity for a UAE trader since there are no taxes involved and it applies to a few other countries too. The first regulatory body for the UAE forex broker is the Central Bank of the United Arab Emirates. Regulated brokers register with the financial regulatory body of their particular country. Local UAE forex brokers are supervised by the Central Bank of the United Arab Emirates and that is useful for UAE traders.

The forex market has a unique characteristic that many market makers utilize to attract traders. The top forex brokers are in a position to buy and sell orders and execute them on the interbank market. Depending upon the dealer, you could encounter several types of commissions, including variable commissions, different from the stock market, and much more. The broker must meet the strict requirements set by regulatory authorities.

As a UAE citizen, if you want to determine whether your selected broker is licensed, go to their website and read the “About Us” section or footnote – this should include the license number and the regulatory authority like UAE regulation, DFSA regulated with which it is registered. (DFSA Dubai)


The basic criteria for choosing a broker in the forex industry are few and simple. The number one priority should be ensuring the safety of your funds, always do your own research, avoid investing unless you fully understand the risks involved (risk warning), and making investment decision carefully by knowing your financial situation also knowing how instruments work because the high risk of losing is there while trading.

You must pick a safe and reputable broker so that your broker will take care of the finances in a way that there are no avoidable losses (go for DFSA regulated broker), and platforms like MT4 MT5 ctrader help ease your planning even copy trading features be useful.

Support United Arab Emirates Dirham

The United Arab Emirates Dirham is the national currency for UAE residents. The phrase “AED” is the official abbreviation for the Dirham. A rich local population and good business environment have contributed to a powerful trading market. The United Arab Emirates economy is the second-largest in the Arabic world.

Trading Fees

The broker you select will typically earn money through bid-ask spread cost, commission, roll overcharges. Other trading charges are:

  • Trading volume charges
  • Inactivity price
  • Third-party trading tools

Trading Platform

They are computer programs used to manage and execute market trades. Traders and investors should evaluate both the costs and the features provided when choosing between trading platforms (like MT4 MT5 ctrader), fundamental analysis before diving in. Two financial free zones, the Dubai International Financial Centre (DIFC) and the Abu Dhabi Global Market (ADGM) in Abu Dhabi, both provide forex trading services in most regions of Abu Dhabi. Although, find more about the various best forex brokers platforms in detail to know their services.

The indicators you need to be aware of while choosing a platform are:-

  • Preferable commission
  • Authorized platform
  • Trading style – advanced options can be considered

Good Customer Support

Customer support and service are essential for new traders, new clients as well as many professional traders. They should resolve all the technical problems related to products and services. You can speak with the broker’s customer support representatives to know more about their charges. The best brokers have usually a great customer service support team.

Pros and Cons of Forex Trading


Lower Cost

It usually has a very low cost of commission. It is possible to afford trading with the help of forex regulation.

High Liquidity

More market participants are available than other financial markets and that adds an advantage to it and along with more liquidity. Also, the use of leverage allows you to control large positions with small margin deposits.

Various Options

Various options are available in the market for businesses. The investor can even enter into the spot trade or future agreement contracts.

Currency Pairs

There are nearly 28 available currency pairs, including eight major currencies from the forex as per the information provided on the website. A trader who can manage volatility can switch to others easily without losing much.

Capital Requirements

Without more capital investment, it is difficult to trade in other markets, but you can manage in the forex market. A higher leverage factor on margin trading could be one with more benefit but it may carry its own significant risk. You need to fix the minimum capital amount, where minimum capital denotes how much you can afford to trade with.

Central Exchange

Central banks usually just interfere in rare cases. Orders are directly placed with the brokers who then continue the process.



The involvement of brokerages may sometimes lead to a lack of transparency and more commission charges. One more important point is to find the best forex and CFDs brokers before you enter into a platform.


Some premium features in certain platforms need a VIP account, but a VIP account needs a higher amount.

Risk Factor

At times, there are high-risk factors involved due to a high level of leverage, and uncertainty in the price and rate of currency may lead to a higher profit or greater loss.

Unpredictable Market

The price may go up or decrease due to market volatility that leads to high risk. Do a thorough market analysis and get advice before entering into the trading.


Investors need to be very careful about scammers who are ready to loot money from them. One must check whether the brokers are registered, avoid scams and conduct fair trading.

Conclusion on Forex Brokers in UAE

Since forex trading is very popular, there is a lot of information available on it. One more advantage is that you can easily start forex trading by downloading free platforms and getting in and out of your position quickly. The platform rewards you when you take a long position or short position in a currency pair.

Additionally, the best broker makes use of advanced risk management tools to ensure maximum security and provides platforms like MT4 MT5 ctrader.

Yet, one must be careful about choosing the best trading platforms and brokers suitable for them. Start trading after getting investment advice from experts to reduce the avoidable risk factors. UAE citizens can approach any Dubai Financial Services Authority (DFSA Dubai) regulated broker or the reputable forex broker UAE or conduct thorough research about the brokers which includes information in detail and ensure that they are not fake but reliable.


Which Forex Broker Is Legal in the UAE?

The legal UAE forex brokers are Pepperstone, HF Markets, XTB, Admiral Markets, and AvaTrade. You can also leverage your positions up to 400:1 in AvaTrade and MT5 have technical tools, and much more. There are various best forex brokers in UAE country. All regulated brokers should meet the criteria given by the regulatory bodies and you can search for the regulated forex brokers in UAE easily.

Can I Trade Forex in the UAE?

Yes, UAE forex trading is possible through local brokers that have been regulated by SCA (Securities and Commodities Authority), central banks, and other such regulatory authorities. A proper license is required for the brokers. There are several best forex brokers UAE are available to choose from.

Is Forex Trading Allowed in the United Arab Emirates?

Yes, forex trading is allowed in the United Arab emirates. But, the trading platform must have a legal license to do so.

Do Forex Traders Pay Tax in the UAE?

No income tax could be one of the reasons to attract more forex traders for forex trading. The United Arab Emirates is one of the countries that do not charge any taxes for trading forex.

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