- Richard Berry
- May 3, 2023
Use our comparison tables to compare the best United Arab Emirates MT4 brokers authorised and regulated by the DFSA.
Top MT4 Brokers in the UAE & Dubai
Choose or switch to an MT4 broker that offers the most markets, best pricing and client security. You can read our reviews after we have personally tested these MT4 brokers, interviewed the company CEOs and compared pricing and market access.
IG
IG is one of the largest global 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
-
Pricing
(4.5)
-
Market Access
(5)
-
Online Platform
(5)
-
Customer Service
(4)
-
Research & Analysis
(5)
Overall
4.7CMC Markets
CMC Markets has a really good CFD sentiment tool and over 200 markets on MT4 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
-
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 and offers the most markets (1,200+) to trade. 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
-
Pricing
(5)
-
Market Access
(3.5)
-
Online Platform
(4)
-
Customer Service
(4)
-
Research & Analysis
(4)
Overall
4.1Saxo Markets
Saxo Markets provides OTC & DMA (direct market access) trading for gold and oil. 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
-
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 an excellent CFD trading platform with in-house trading signals and with 12,000 markets 25 commodities, with spreads as low as 0.8 for gold trading and 0.3 for crude oil. Or you can opt to trade with their MT4 link. 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
-
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 CFD brokers in Dubai and UAE.
We have ranked Pepperstone globally as the best MT4 broker (they also have an office in Dubai) as they offer a wide range of markets and low costs.
Yes, we have tested with real money all the MT4 brokers we feature (as well as interviewed the CEOs). You can read our MT4 broker reviews on our main MT4 broker comparison page.
Yes, you can trade on MT4 with a DFSA-regulated broker like Pepperstone, CMC Markets, City Index or IG.
MT4 brokers in Dubai are regulated by the Dubai Financial Services Authority (DFSA). You should only trade with a DFSA regulated broker if you are planning on using MT4 in the UAE.
