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 Markets UAE Forex Trading Review
Name: Saxo Markets UAE Forex Trading
Description: Saxo Markets is one of the few UAE forex brokers that provides OTC & DMA (direct market access currency futures) forex trading as well as access to the gold and oil exchanges.
Summary
Saxo Markets 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.
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Seen as a trading platform for professionals
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Pricing
(4)
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Market Access
(4.5)
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Online Platform
(4.5)
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Customer Service
(4.5)
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Research & Analysis
(4)
Overall
4.3- Expert opinion: Saxo Markets reviewed & rated
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
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