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
Solid
Saxo is a safe, reliable broker with a vast offering of securities.
complete
A comprehensive investment platform offering a vast array of investment products to trade and invest in. The platform has a professional look and feel. It also includes research, third party news coverage as well as provides education and own research. For a long-term investor, not sure you could ask for much more.
Helpful
Provides retail investors with a great trading platform and access to global financial markets 24hrs a day. Also Saxo is entirely professional and they are always there to help if ever needed.
Slick
Everything
Professional
Straight forward, simple to use, fast response to requests and commands. Excellent analysis of markets, trends, opportunities.
Brilliant
Great platform, excellent breadth of markets and reasonably priced.
Brilliant
Most instruments to choose from.
Lowest fees.
Best support.
Efficient
Friendly and good with advice
Best
Trading, investment, savings and all
Excellent
I find Saxo's app easy to use, very clear on fees, and supported by great customer service
Superb platform
Quality of platform, tools and investment information. Stability of site and clear informative interface.
Good UX, technical tools and insights
Charting and data
Good
Good
Helpful
The platform and good service when needing to speak with someone
One stop shop
Great platform
Reliable and Quick Broker App
Saxo Bank is a privately owned Danish investment bank specializing in online trading and investment. The bank provides access to a broad range of financial instruments, including Forex, stocks, CFDs, futures, funds, bonds, and futures spreads, through its proprietary online trading platforms in its App.
I am satisfied with the "SAXO BE INVESTED" App, indeed and have been using that in Hungary for years.
Good luck by the SAXO App all of you in 2026!
Comprehensive
Provides excellent investment information, very competitive trading fees, simple trading process and good access to shares from a range of countries
Flexible
Breadth of investment products, costs, speed
slick
Great platform and app
User-friendly
The platform is very user friendly and visually easy to navigate. There is a lot of interesting educational material. Has a good range of options for different instruments.
- 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.
