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
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.
- Direct market access
- Low commissions
- Robust trading platform
- Seen as a trading platform for professionals
Research & Analysis
- Expert opinion: Saxo Markets reviewed & rated