If you are a looking for a forex brokers in UAE here are a few reasons to go with a UK regulated brokers that accepts clients in the UAE.
There are many forex brokers in UAE, but some of the biggest forex brokers are based in the UK and accept clients from the UAE.
Here are two things to look for in a forex brokers that accepts clients form the UAE.
- The FCA, the regulatory body that regulates Forex brokers in the UK has some of the strictest requirements in the world. The purpose of the FCA is to ensure that forex brokers treat their customer fairly and clients funds are segregated appropriately.
- Forex brokers listed on the London Stock Exchange – some of the largest forex brokers that accept clients from the UAE are listed on the London Stock Exchange.
Most pricing is the same and it is possible to trade for below 1 pip. For UAE traders that like to automate their trading it is worth having a look at our MT4 brokers and social trading brokers comparison tables.
UK brokers have the advantage of increased regulation offering higher protection to clients. However, they are still susceptible to clients losses. Also remember that spread betting and forex trading is a high risk high reward product. So you can quickly lose or make more than your initial account balance.
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Richard founded the Good Money Guide (previously Good Broker Guide) in 2015 and has been a broker for 20 years most recently at Investors Intelligence and previously a multi-asset derivatives broker at MF Global (Man Financial). Richard started his career working as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson) after interning on the NYMEX oil trading floor in New York and London IPE in 2001 & 2000.
