62% of retail investor accounts lose money when trading CFDs with this provider
- Good Money Guide experts commend Saxo UAE Forex Trading for its robust trading platform and low commissions, highlighting its regulatory compliance in the UAE and the ability to trade both OTC FX and on-exchange currency futures. However, they note that the platform may be too complex for beginners, as it lacks support for automated trading strategies like MT4.
- Across 137 user reviews on Good Money Guide, averaging 4.2/5, customers frequently praise the platform's user-friendly interface, extensive market access, and professional customer service. Many users appreciate the competitive pricing and comprehensive range of investment products, while some express frustration with payment processing issues and the complexity of account management for non-residents.
Saxo UAE Forex Trading Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Saxo UAE Forex Trading across five key areas of our review framework.
- Pricing4.0
- Market Access4.5
- Online Platform4.5
- Customer Service4.5
- Research & Analysis4.0
Pros
- Direct market access
- Low commissions
- Robust trading platform
Cons
- Seen as a trading platform for professionals
See full expert review
Our verdict
Saxo 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.
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
Customer reviews for Saxo
Customer ratings come from reviews left on this site. Every review is read and approved before it is published.Based on 137 reviews
- Excellent54%
- Very good19%
- Basic18%
- Poor7%
- Bad2%
Read customer reviews
Easy
Broad range of securities
Slick
Strong platform
A delight. Exactly what investing should feel like.
Really slick interface, by far the best on the street. Great investing choices.
Inviting
Easy to navigate web pages.
Complete account information available.
International shares.
Trustworthy
Performs as it should and when it should.
trust
very low fees, excellent range of assets, great app, excellent service
Sophisticated
They deliver a professional, sophisticated and reliable experience proving global reach, depth and quality tools for both the experienced investor/trader and beginners on their investing journey. They are top tier powerhouse, but the part I value the most is their London team! They are outstanding.
Comprehensive
Intuitive platform, multi-asset, ease of use
Straightforward
Its interface is easy to use and works reliably. Large choice of shares and ETFs
Smart
Execution
All in one place.
Very broad range of instruments.
Broad
Competitive pricing, broad spectrum of assets to trade and invest. Good mobile app easy to use. I use their ISA account for trading etf and individual stocks.
Professional
Platform technology and pricing
User Friendly
User friendly system, with expansive investment options.
Simple extensive
24 hour access
Excellent
Simple, clear look and easy to use. ISA account and secured funds.
Empowering
Portfolio management is effortless with Saxo. I can see exactly what net returns are for each asset, currency exposure at the account level, and I’ve got all the tools I need to hedge risk I don’t want, whilst managing trades I do want. Reporting is simple, and the excel export on almost every module is a godsend. I run a multi-asset portfolio for myself, and it’s like dealing with an investment bank. Very few assets are off limits.
It works - magnificently
Everything
Trustworthy
Provide regular educational webinars to keep investors knowledgable about investing
Excellent
Provide excellent service
- 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.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
