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Reviews By
Richard Berry
- Updated
Use our comparison tables to compare the best United Arab Emirates FOREX brokers authorised and regulated by the DFSA. Choose or switch to a FOREX broker that offers the most markets, best pricing and client security.
Best Forex Brokers In The UAE & Dubai Compared
| UAE Forex Broker | Forex Pairs | Customer Reviews | GMG Rating | More Info |
|---|---|---|---|---|
 | 80 | See Platform | ||
 | 100 | See Platform | ||
 | 64 | See Platform | ||
 | 51 | See Platform | ||
 | 338 | See Platform | ||
 | 84 | See Platform |
Our picks of the Best UAE Forex Trading Platforms Reviewed
Good Money Guide Shortlisted Our Featured Forex Brokers Based On:
- Over 30,000 votes and reviews in the annual Good Money Guide awards
- Our team’s experiences testing the UAE Forex trading platforms with real money
- In-depth comparison of the features that make these Dubai forex brokers the best
- Exclusive interviews with the Forex brokers CEOs and senior management
- Find out more about our review process in the How We Test Providers page.
Summary:
- Forex.com: Best for FX trading signals
- Pepperstone: Best for MT4 forex trading
- Plus500: Trading on major pairs
- IG: Best broker for currency liquidity
- CMC Markets: Best forex trading platform
- Saxo Markets: Best for FX direct market access
Forex.com: Best UAE forex broker for trading signals
👍Featured👍
- Forex pairs available: 80
- Minimum deposit: $1
Expert Review
Product Name: Forex.com UAE Forex Trading
Product Description: Forex.com has excellent forex trading signals including their Smart Signals feature and Performance Analytics to help UAE traders improve strategy. They offer a robust forex trading platform with lots of forex pairs, 25 commodities, indices and spreads as low as 0.8 for gold trading and 0.3 for crude oil.
Is Forex.com currency trading legal in the UAE?
Yes it is legal to trade FX on forex.com in the UAE as they are regulated by the DFSA and have a local office in Dubai.
Forex.com has excellent forex trading signals including their Smart Signals feature and Performance Analytics to help UAE traders improve strategy. They offer a robust forex trading platform with lots of forex pairs, 25 commodities, indices and spreads as low as 0.8 for gold trading and 0.3 for crude oil.
For UAE forex traders, Forex.com’s trading signals, platform and trading performance data make it one of the best platforms for currency trading.
- DFSA Reference Number: F000542
- UAE Address: Forex.com (StoneX): Office 48D Almas Tower Jumeirah Lakes Towers PO Box 125942 Dubai, UAE
Pros
- Trading Signals
- Post Trade Analytics
- Forex Specialists
Cons
- Limited Market Range
- No DMA
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Pricing
(5)
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Market Access
(5)
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Online Platform
(5)
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Customer Service
(5)
-
Research & Analysis
(5)
Overall
5Pepperstone: Best UAE forex broker for MT4
👍Featured👍
- Forex pairs available: 100
- Minimum deposit: $1
Expert Review
Product Name: Pepperstone UAE Forex Trading
Product Description: Pepperstone has a very comprehensive package of automated forex trading tools on MT4, MT5, cTrader and TradingView. Pepperstone were founded in 2010 in Australia and have since then grown to be a global brokerage with offices in Dubai and around 400,000 active clients.
Is Pepperstone legal in the UAE for forex trading?
Yes, it is legal for Pepperstone to offer forex trading in the UAE as they are regulated by the DFSA and have a local office in Dubai.
Pepperstone is a good choice for UAE traders who want to automate their forex trading strategies through MT4. As far as MT4 brokers they are one of the biggest and best and offer a very good set of “expert indicators” on the currency markets.
- DFSA Reference Number: F004356
- UAE Address: Pepperstone Financial Services (DIFC) Limited – Office 1502, Al Fattan Currency House, Tower 2 – Dubai – United Arab Emirates
Pros
- Tight pricing
- Wide range of MT4/MT5 markets
- Pre-built MT4 indicator packages
- Regulated in 7 jurisdictions
Cons
- Limited market access
- Only third-party platforms
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Pricing
(4.5)
-
Market Access
(4.5)
-
Online Platform
(5)
-
Customer Service
(5)
-
Research & Analysis
(5)
Overall
4.8Plus500: UAE Forex Trading on Major Markets
👍Featured👍
- Forex pairs available: 64
- Minimum deposit: $100
Expert Rating
Name: Plus500
Description: Plus500 is one of the largest online trading platforms and operates in more than 50 countries worldwide. Founded in 2008, it has more than 26 million customers today.
Plus500 is headquartered in Israel, however, it’s listed in the UK on the London Stock Exchange (it’s a member of the FTSE 250 index). Here in Britain, its platform is operated by Plus500UK Ltd, which has offices in London.
In the UK, you can only trade CFDs with Plus500. CFDs are financial instruments that allow you to profit from the price movements of a security without owning the underlying security itself.
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Is Plus500 a good broker?
Yes, Plus500’s trading platform has evolved nicely over the years from a simple interface to an intuitive execution venue for CFDs on the major markets and stocks.
Pricing: It’s dynamic so moves with the marketn for minimum spreads
Market Access: Very good, Plus500 are always first to try new asset classes
Platform & Apps: Basic execution, but it does the job well
Customer Service: Plus500 doesn’t have a phone option, but its live chat is sufficient
Research & Analysis: Some sentiment, but limited education and analysis.
Overall, Plus500 is a good online trading platform for traders who do not want to do anything more complicated than buy and sell CFDs. The broker does provide sentiment indicators and are quite transparent with costs and fees. In summary:
- Plus500 is a trading platform that offers CFDs.
- You can trade a range of assets on Plus500 including stocks, indices, and currencies.
- There are no commissions when placing a CFD trade on the Plus500 platform but there are some other fees to be aware of.
- The platform offers a range of features including a demo account, alerts, market news, and an economic calendar.
- There are platforms that offer more markets than Plus500.
Pros
- With Plus500, you can trade CFDs on a range of assets including shares, currencies, indices, and ETFs.
- There are no commissions when placing a CFD trade on Plus500’s platform.
- Plus500 offers a range of features to help traders navigate the markets and capitalise on opportunities including charting tools, alerts, an economic calendar, and market news.
Cons
- Other platforms offer more markets than Plus500.
- You can only trade CFDs on the platform (you can’t invest in stocks directly).
- You can’t contact the company by telephone if you require support.
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Pricing
(4.5)
-
Market Access
(5)
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Online Platform
(5)
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Customer Service
(4.5)
-
Research & Analysis
(4)
Overall
4.6IG: Best UAE forex broker for OTC liquidity
- Forex pairs available: 51
- Minimum deposit: $250
Expert Review
Can you trade forex with IG in the UAE?
Yes, you can trade forex in the UAE with IG as they are regulated by the DFSA and have a local office in Dubai.
IG is a good choice as IG stands out through deep liquidity, high market range and excellent added value such as trading tools and analysis.
- DFSA Reference Number: F001780
- UAE Address: IG Limited – Level 27, Currency House – Tower 2, Dubai International Financial Centre, Dubai, 506968, United Arab Emirates
Pros
- Wide market range
- Excellent liquidity & DMA equities
- Listed on the London Stock Exchange
Cons
- Customer service can be slow
- No DMA futures trading
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Pricing
(4)
-
Market Access
(4)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4CMC Markets: Best UAE forex broker for sentiment indicators
- Forex pairs available: 338
- Minimum deposit: $1
Expert Review
Product Name: CMC Markets UAE Forex Trading
Product Description: CMC Markets offers good FX sentiment tools and over 388 forex pairs to trade. The broker has over 300,000 active clients trading online and is operated from 13 global offices (including Dubai), with headquarters in The City of London.
Can you trust CMC Markets for forex trading in the UAE?
Yes, it is fine to trade forex in the UAE with CMC Markets as they have a local office in Dubai and are regulated by the DFSA.
CMC Markets is one of the best UAE trading platforms for high-frequency and active FX traders. It’s a good choice for those who want to trade currency on tight spreads, with a platform built on exceptional tech.
- DFSA Reference Number: F002740
- UAE Address: CMC Markets Middle East Limited. Unit 2903, Level 29, ICD Brookfield Place, DIFC, PO Box 507183, Dubai, UAE
Pros
- Excellent trading platform
- Good liquidity
- Unique sentiment tools
Cons
- Trading only, no investing account
- Limited smaller cap stocks
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Pricing
(4.5)
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Market Access
(4)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(3.5)
Overall
4Saxo Markets: Best UAE forex broker for direct market access
- Forex pairs available: 84
- Minimum deposit: $1
70% of retail investor accounts lose money when trading CFDs with this provider
Expert Review
Is Saxo regulated for forex trading in the UAE?
Yes, you can trade forex with Saxo in the UAE as they are regulated for FX CFDs and DMA currency futures trading. Saxo has a local forex trading office in Dubai and is regulated by the DFSA. What makes Saxo Markets one of the best forex trading platforms in the UAE is the ability to trade OTC FX as well as on-exchange currency futures and options. However, one disadvantage is you cannot work automated trading strategies as they do not offer MT4 trading in the UAE.
Saxo is a good choice for more sophisticated UAE traders. The platform, analysis, and direct market access may be too complicated for beginners. But, for experienced traders its coverage, commissions and research are unrivalled.
- DFSA Reference Number: F001014
- UAE Address: Saxo Bank (Dubai) Ltd. Boulevard Plaza – Tower 1 30th floor, office 3002 Dubai Downtown, Burj Khalifa area Dubai, UAE
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Seen as a trading platform for professionals
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Pricing
(4)
-
Market Access
(4.5)
-
Online Platform
(4.5)
-
Customer Service
(4.5)
-
Research & Analysis
(4)
Overall
4.3FAQs:
Here are the answers to the most commonly asked questions by people searching for the best FOREX brokers in Dubai and UAE.
As an emerging trading hub with a large ex-pat community, you would expect to be able to open and trade in a wide variety of underlying currencies in the UAE and indeed you can.
Though it will be worth checking specific details about trading account denominations with your chosen broker.
As an example IG‘s Dubai operation allows you to deposit in US dollars, British pounds, Euros, United Arab Emirates dirham’s (AED) and Saudi riyals (SAR).
However, trading accounts at IG Dubai can only be denominated in US dollars, Euros or sterling.
The most popular markets within the UAE are oil and gold, both are commodities that have been intrinsically linked to the growth of the region. That affinity is reflected in the larger leverage for retail clients, afforded to gold and oil by the DFSA.
CFDs on equity indices and FX majors are also widely traded in Dubai, which of course sits at a crossroads thats midway between European and Asian timezones, being four hours ahead of GMT and four hours behind Hong Kong, Singapore and Shanghai.
Yes. We have extensively tested each of the forex brokers in this list, interviewed the CEOs and analysed the key data points that make trading platforms stand out. You can see what others think of them and read our full reviews of the individual trading platforms here
- City Index review
- IG review
- CMC Markets review
- Pepperstone review
- Saxo Markets review
- Interactive Brokers review
- Spreadex review
- Markets.com review
- XTB review
- eToro review
- Plus500 review
- Capital.com review
If you would like to see what we think of each trading platform for specific products, you can read our forex trading platform reviews.
Yes, forex brokers that have local offices in the UAE are regulated by the Dubai Financial Services Authority (DFSA).
