- Richard Berry
- May 3, 2023
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.
Top Forex Brokers with offices in the UAE & Dubai
If you are looking for a forex broker in UAE here are a few reasons to go with a UK-regulated brokers that accepts clients in the UAE as we as those that are regulated by the DFSA. 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.
IG
IG is one of the largest global forex brokers operating in the UAE with a vast selection of markets to trade with great liquidity. UAE Address: IG Limited – Level 27, Currency House – Tower 2, Dubai International Financial Centre, Dubai, 506968, United Arab Emirates
IG Review
Name: IG
Description: IG pioneered financial spread betting when it was founded in 1974 and is now own of the largest CFD and forex brokers in the world. IG is listed on the London Stock Exchange and offers access to 18,000 markets to 313,000 active clients. IG also recently introduce physical share dealing and smart portfolios for longer-term investors.
Why we like it
IG pioneered online trading and financial spread betting for private clients and remains not only one of the largest online trading platforms, but also one of the best. IG stands out through deep liquidity, high market range and excellent added value such as trading tools and analysis.
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
(4.5)
-
Market Access
(5)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(5)
Overall
4.7CMC Markets
CMC Markets offers good CFD sentiment tools and over 388 forex pairs to trade. UAE Address: CMC Markets Middle East Limited. Unit 2903, Level 29, ICD Brookfield Place, DIFC, PO Box 507183, Dubai, UAE
CMC Markets Review
Name: CMC Markets
Description: CMC Markets is one of the original spread betting and CFD brokers based in the UK. They have been providing forex trading services since 1989 and are now listed on the London Stock Exchange. The broker has over 300,000 active clients trading online and is operated from 13 global offices, with headquarters in The City of London.
Summary
CMC Markets has always offered, and still does one of the best trading platforms for high-frequency and active traders. It’s a good choice for those that want to trade on tight spreads, with a platform built on exceptional tech.
77% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.’
Pros
- Excellent trading platform
- Good liquidity
- Unique sentiment tools
Cons
- Trading only, no investing account
- Limited smaller cap stocks
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Pricing
(5)
-
Market Access
(4)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(5)
Overall
4.6Pepperstone
Pepperstone has a very comprehensive package of automated trading tools on MT4. UAE Address: Pepperstone Financial Services (DIFC) Limited – Office 1502, Al Fattan Currency House, Tower 2 – Dubai – United Arab Emirates
Pepperstone Review
Name: Pepperstone
Description: Pepperstone were founded in 2010 in Australia and have since then grown to be a global brokerage with international offices and around 110,000 active clients. They offer Spread betting and CFDs on the major market instruments, which means they focus on the most heavily traded assets, mainly forex and indices trading, although they are building out their share trading offering and have the major stocks on international exchanges.
Why we like them
Pepperstone is a good choice for traders that want to automate their trading strategies through MT4. As far as MT4 brokers they are one of the biggest and best and offers so good EA packages.
Pros
- Tight pricing
- Wide range of MT4 markets
- Pre-built MT4 indicator packages
Cons
- Limited market access
- Only third-party platforms
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Pricing
(5)
-
Market Access
(3.5)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.1Saxo Markets
Sao Markets provides OTC & DMA (direct market access) forex trading as well as access to the gold and oil exchanges. UAE Address: Saxo Bank (Dubai) Ltd. Boulevard Plaza – Tower 1 30th floor, office 3002 Dubai Downtown, Burj Khalifa area Dubai, UAE
Saxo Markets Review
Name: Saxo Markets
Description: Saxo Markets is one of the largest CFD brokers worldwide and provides direct market access to equities, bonds, forex, futures and options as well as being a major liquidity and infrastructure provider to wealth managers, banks and smaller brokers.
Why we like them
Saxo Markets is a good choice for more sophisticated traders. The platform, analysis, and direct market access may be too complicated for beginners. But, for experienced traders its coverage, commissions and research are unrivaled.
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Too complicated for beginners
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Pricing
(4.5)
-
Market Access
(4.5)
-
Online Platform
(5)
-
Customer Service
(4.5)
-
Research & Analysis
(4.5)
Overall
4.6City Index
City Index has excellent forex trading signals from their Smart Signals feature and Performance Analytics to help improve your strategy. An robust forex trading platform with 12,000 markets 25 commodities, with spreads as low as 0.8 for gold trading and 0.3 for crude oil. UAE Address: City Index (StoneX): Office 48D Almas Tower Jumeirah Lakes Towers PO Box 125942 Dubai, UAE
City Index Review
Name: City Index
Description: City Index is one of the oldest spread betting and CFD brokers based in the UK. They were founded in 1983 and offer trading in over 13,500 financial markets, to around 126,000 active clients. City Index is currently owned by StoneX, a US brokerage listed on the NASDAQ valued at $1.75bn.
Why we like them:
City Index offers some of the best trading tools and analysis to help traders perform better. Their unique post-trade analytics and voice brokerage service make it an excellent choice for large and frequent traders.
Pros
- Excellent trading tools
- Voice brokerage
- Publically listed
Cons
- Trading only, no investment account
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Pricing
(4)
-
Market Access
(4.5)
-
Online Platform
(4)
-
Customer Service
(4.5)
-
Research & Analysis
(4.5)
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).
