This section compares and reviews the best forex brokers in UAE Dubai in 2019. Forex trading is reaching out all across the globe and United Arab Emirates  is not an exception. While there are handful of reputable forex brokerages, it is important to realize that scammers are always on the hunt, especially the offshore brokers without regulatory licenses.

During your research, pay attention to all the details in the reviews in order to find a proper company to invest with. It is advisable to go for regulated fx brokers who provide Islamic forex accounts. These are swap free accounts that do not charge interests for overnight positions. 

Our team has been working hard testing and reviewing all sorts of brokers, in order to eliminated the fraud and provide a comprehensive list of regulated forex brokerages in UAE you can feel safe to trade with.

 

Regulated BrokerRatingDemoLeverageBonusPlatformsRegulationMin DepositPayments
OctaFX9yes1:500up to 50%MetaTrader 4, Metatrader 5, cTraderFCA UK5Neteller, Skrill, Fasapay, Visa, Mastercard, Malaysian, Vietnamese, Indian, Indonesian, Bangladeshi local banks, Bitcoin, Unionpay
2invest8yes1:200Samsung Galaxy, iPhoneMetatrader 4yes200Skrill, Neteller, Credit Cards
LiteForex 7yes1:50030% + 15%Metatrader 4, Metatrader 5, WebTerminalCySEC, Marshal Islands Business Corporation Act.10credit cards, wire transfer, litecoin, bitcoin, skrill, neteller, perfect money, ok pay, qiwi, wallet one
InstaForex 7yes1:1,000$100 No Deposit BonusMetaTrader 4, Metatrader 5, WebtraderRAFMM1Bitcoin, CashU, credit cards, EgoPay, Neteller, Skrill, Ukash, UnionPay, WebMoney, wire transfer
XM7yes1:888$30 no depositMetaTrader 4, Metatrader 5, XM WebtraderCySEC, FCA UK, ASIC Australia, IFSC Belize5Credit Card (Visa, Visa Electron, MasterCard, Switch, and Solo), Neteller, Skrill, Wire Transfer, Western Union, MoneyGram, WebMoney, China UnionPay, Local Bank Transfer, SOFORT, iDEAL, paysafe card, QIWI, CASHU, ABAOOS, MONETA, giro pay,Przelewy24,l Astro Pay Card, FasaPay
Freshforex7yes1:1000SIGN-UP BONUS ¢100!Metatrader 4KROUFR1Debit/credit cards, Neteller, OKPAY, W1, QIWI, Webmoney, Skrill, FasaPay, Contact, Wire transfer
Pepperstone7yes1:500100% Match BonusMetatrader 4, Metatrader 5, cTrader, cAlgo, cMirrorASIC, FCA UK200bPay, credit cards, Paypal
AvaTrade 6yes1:400100% AvaTrader, MetaTrader 4, MetaTrader Floating Spread, Mac Trading, Web Trading, Mobile Trading, Automatic Trading, AvaOptionsCentral Bank of Ireland, ASIC, Financial Services Commission of British Virgin Island100Credit Cards, Debit Cards, Skrill, Wire Transfer, PayPal, Neteller, WebMoney
FP Markets6yes1:50010% credit bonusMetaTrader 4 (MT4), IRESS, Mobile tradingASIC200credit cards, UnionPay, Neteller, Skrill (3% fee), Wire transfer, BPay and broker-to-broker transfer
TradeFW6yes1:30https://www.forexexplore.com/forex-brokers/tradefw-reviewCysec0Bank wire, Credit/Debit Card.
FxPro5yes1:500up to $1,000FxPro cTrader, FxPro cTrader Web, MT4 Client Terminal, MT4 MultiTerminal, MT4 WebTrader, MT4 Premium FCA, CySEC100Credit/Debit Card, Bank Wire, PayPal, Neteller, Skrill
FXCM5yes1:200-Trading Station II, MetaTrader 4, Active Trader, Forex System Selector UK Financial Conduct Authority, AFSL 250Credit/Debit card, Online Check, Bank Wire, Paper Check
Plus5005yes1:20030%Plus500Israel Securities Authority500Skrill, Credit Cards, Wire Transfer
IronFX5yes1:50040%Metatrader 4ASIC, CySEC, DFSA, FCA UK, FSB, UCRFIN, CRFIN, Member of Eurex Exchange, Consob, BaFIN100credit cards, Fasapay, neteller, qiwi, skrill, webmoney, wire transfer
Dukascopy4yes1:500-DukascopyKPMG ARIF250Wire, Bank Guarantee, Standby letter of Credit Segregated Accounts
Forex.com4yes1:200-ForexTrader platform (in-house), MetaTrader 4CFTC, NFA, FCA (UK), ASIC (Australia), ILLROC (Canada), SFC (Hong Kong), FFAJ (Japan)50wire transfer, Credit/Debit Card, Check
HYCM4yes1:40025% up to $5,000Metatrader 4FCA UK, CySEC, SFC100credit cards, wire transfer, Skrill, webmoney
AdvancedMarkets4yes1:50-Advanced Trader/Pro/Prime, Fortex FX Australian AFSL, ASIC500Wire, Check
CMTrading4yes1:40015% matchMetaTrader 4, SirixFinancial Services Board (FSB) South Africa200credit/debit cards, Wire transfer, CashU ,Skrill
Blueberry Markets4yes1:500MetaTrader 4ASIC100credit cards, wire transfer, POLi, Skrill
Priorfx4yes1:200Metatrader 4, Webtrader, AutotradeCySEC, FCA UK, MiFID250wire transfer, credit cards, Skrill, Neteller, PriorFX prepaid card, Yandex, Webmoney, Qiwi, UnionPay
FXDD3yes1:200-MetaTrader4, FXDD Trader, Power Trader, FXDD Auto, MTXtremeMalta Financial Services Authority (MFSA)100Wire, PayPal, Check, BPS
Tallinex3yes1:1,000Metatrader 4FSA of St. Vincent and The Grenadines100credit cards, wire transfer, Skrill, Neteller
Oanda3yes1:50Metatrader 4, FXtradeNFA1check, Credit cards, PayPal, Wire transfer
iFOREX3yes1:400-FXnet TraderHFSA in Hungary, CySEC100credit cards, wire transfer
DFMarkets3yes1:20010% Trading Credit Promotion up to $1,000DFTrader, DF WebTrader, DF MobileFCA100Bank wire, Credit/Debit cards
Tickmill3yes1:500-MetaTrader 4, WebtraderFCA UK, FSA Seychelles100wire transfer (commission are charged), credit/debit cards, Skrill, Neteller, FasaPay, UnionPay and WebMoney
TenkoFX3yes1:500MetaTrader 4, WebtraderInternational Financial Services Commission of Belize10Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi
Z.com Trade3yes1:200 Z.com trader web, Z.com trader pro (demo account only)FCA UK1credit cards, wire transfer, china unionpay, skrill
CMCMarkets2yes500:1-Next Generation web-basedFCA1Credit cards, Wire Transfer
ActivTrades2yes1:400Metatrader 4, ActivtraderFCA100Credit Card, Wire transfer, neteller, skrill, sofort
Saxo Bank2yes1:100n/aSaxoTraderDanish Financial Services Authority and operates in the UAE5000Wire
Blackwell Global2yes1:200-MetaTrader 4, Blackwell Pro, MobileFinancial Conduct Authority2000redit/debit cards, Neteller, Skrill, Wire transfer
AAAfx2yes1:200up to 30%ZTP, MetaTrader 4, Binary options webtrader, ZulutradeHCMC (Greece)300Wire, Credit Card, Skrill, Neteller, giropay, EPS, directpay24, teleingreso, ideal, qiwi
XTB2yes1:200Metatrader 4, xStation, xMobileCNMV (Spain), FCA (UK), FSA (Poland)250Credit cards, Neteller, Paypal, Skrill, Wire transfer
EasyMarkets2yes1:100Metatrader 4, EasyMarkets web-based platformASIC (Australia), CySEC (Cyprus)100credit cards, neteller, Skrill, Webmney, wire transfer
CityIndex2yes1:400-MT4 (MetaTrader 4), Advantage Web, Advantage Trader, iPhone, Android, Windows Phone App, iPad and Tablet AppTrademark of GAIN Capital UK Ltd - Regulated by FCA100Credit/Debit Cards
Markets.com2yes1:200up to $2,000Meta Trader 4,MarketTrader, Market WebTrader, Market Java Trader, Market Mobile Trader, Market WAP Trader, Market iTrader, Market AutoTraderCySEC, FSCA South Africa 100Credit/Debit Cards, Wire Transfer, Webmoney, Local Payments
eToro 1yes1:400; 1:1 for Crypto Currencies-eToro PlatformCySec, NFA200Credit Cards, Debit Cards, Paypal, Neteller, Skrill, Webmoney, Wire Transfer
Tifia1yes1:1,000Metatrader 4, webtraderVanuatu Financial Services Commission VFSC10wire transfer, credit cards, skrill, neteller, perfect money, fasapay, okpay
FXOpen1yes1:500$100MetaTrader 4ASIC, FCA UK, Financial Dispute Resolution Scheme1Wire, WebMoney, AlertPay, CashU, c-gold, PerfectMoney
House of Borse1yes1:100MetaTrader 4FCA UK50000credit cards, wire transfer
Igofx1yes1:1,000Metatrader 4Republic of Vanuatu Finance Service Commission1wire transfer, credit cards, perfect money
Fort Financial Services1yes1:1,000MetaTrader 4, CQG, Ninja trader, binary optionsIFSC5Credit cards, webmoney, Skrill, Neteller, perfect money, fasapay, wire transfer
TraderTrust1yes1:200100% upto $5,000SmartForexCySec, VFCS100Skrill, Credit Cards
MEX Exchange1yes1:500Metatrader 4ASIC25Neteller, Skrill, Fasapay, UnionPay, Credit Cards, Wire Transfer
FBS1yesup to 1:3,000$123 Welcome BonusMetaTrader 4, Metatrader 5, WebtradingIFSC; Cysec1credit cards, fasapay, Indonesia local banks, Neteller, okpay, perfectmoney, Skrill, Webmoney, wire transfer, Thai local banks, Exchangers, Malaysian banks and Bitcoin by Skrill
Forexer1yes1:500Forexer platform (Metatrader 5 version)FMA200wire transfer
Synergy FX1yes1:500MetaTrader 4ASIC, AFSL500credit cards, skrill, wire transfer
FCI Markets1yes1:100Currenex, FCI NetStation, MetaTrader 4FCA250credit cards, neteller, skrill, wire transfer
Fortrade1yes1:200FortraderFCA500wire transfer, credit cards, skrill, neteller
FXGiants1yes1:500MetaTrader 4FCA500credit cards, neteller, paypal, skrill, unionpay, Webmoney, Wire Transfer
FXGlobe1yes1:500MetaTrader 4CySEC250Credit cards, Neteller, Skrill, Wire transfer
FXlider1yes1:200MetaTrader 4, Sirix, ZuluTrade, FXlider mobile, FXlider Copy Trader, FXlider TraderFCA100wire transfer, credit cards, neteller, skrill
FXoro1yes1:400Metatrader 4CySEC200credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
FXprimus1yes1:500Metatrader 4Cysec100Bitcoin, China UnionPay, FasaPay, Neteller, Skrill, Wire Transfer
Infinox1yes1:300Metatrader 4FCA UK100credit cards, wire transfer, skrill, neteller, china unionpay
Itrader1yes1:500MetaTrader 4, Webtrader (in-house), MobileCySEC250wire transfer, credit cards
JCMFX1yes1:1,000MetaTrader 4FSA10credit cards, FasaPay, Wire Transfer, Neteller, Skrill
Larson&Holz1yes1:500Metatrader 4, Web TraderFMRRC, NAFD100credit cards, wire transfer, neteller, paypal, Yandex, liqpay, alfa click, beeline, mtc, perfect money
LCG1yes1:500MetaTrader 4, LCG Trader (web-based, ECN accounts only)FCA UK1wire transfer, debit/credit cards, Skrill
Mahi FX1yes1:100Metatrader 4, MahiFXFCA UK, ASIC, FMA1wire transfer, credit cards
Pricemarkets1yes1:400MetaTrader 4 ECN, Currenex ECN, Integral FX, Liquid-x, Hotspot FXFCA UK500wire transfer, credit cards
Rallytade1yes1;1,000Metatrader 4, xStation (web-based), xSocial, xOptionsFinaCOM100credit cards, neteller, skrill, Interswitch, Pocketmoni, etraszact, perfectMoney, WebMoney, VoguePay
Range Markets 1yes1:500Metatrader 4FSA of St. Vincent and the Grenadines100Neteller, Credit Cards, wire transfer
Rekuten Securities1yes1:50MarketSpeed FX, Trading Station (inherited from FXCM)SFC1wire transfer, checks, ATM (only for local residents)
Roboforex1yes1:500MetaTrader 4, cTraderCysec, IFSC, FSP, FSCL1credit cards, QIWI wallet, webmoney, Yandex.money, RBK money, Skrill, FasaPay, CashU, Payoneer, China UnionPay, Neteller, Perfect Money
Templefx1yes1:400MetaTrader 4, TempleFX Trader (web-based)FCA UK50Wire transfer, credit cards, Skrill, Sofort, Neteller, UnionPay
Tradeo1yescredit cards, wire transfer, Skrill and Neteller20%Tradeo webtrader, Metatrader 4CySEC250
Trading2121yes1:200Trading212FCA UK100wire transfers, credit and debit cards, PayPal, Dotpay, Giropay, SafetyPay, Carte Bleue, Mister Cash, Direct eBanking, CashU and UnionPay
AAAECN0yes1:200MetaTrader 4IFSA of St. Vincent100credit cards, wire transfe
TrioMarkets0yes1:300-MetaTrader 4, Sirix WebtraderCySEC100Credit Card, Wire, Skrill, Neteller, Paypal and CashU
Orbex0yes1:500MetaTrader 4CySEC500Skrill, Neteller, Wire Transfer, Credit Cards, CashU, Webmoney
GrandCapital0yes500:1$500 no depositMetaTrader 4, WebTraderFinancial Commission FinaCom, EDR Hong Kong external dispute resolution organization10Credit card, Neteller, Webmoney, CashU, Fasapay, Scrill, Webmoney
10Markets0yes1:200n/aMetaTrader 4, 10Markets WebTrader200Debit/Credit Cards, Wire Transfer
AlfaTrade0yes200:1-MetaTrader4, WebtraderAFM, BaFin, CONSOB, FCA, FI, NBS500Wire Transfer, Credit Cards, Skrill, Neteller
Squared Financial0yes300:1-MetaTrader 4, mobileCentral Bank of Ireland500wire Transfer, CashU, Credit Card, PayPal
Alvexo0yes400:1-MetaTrader 4, WebTrader, MobileCySEC5000Cash-U, Credit Card, Webmoney, Wire Transfer
NSFX0yes200:1Metatrader 4, Webtrader, NSFX Jforex platformMFSA300credit cards, Skrill, CashU and wire transfer
Juno Markets0yes1:400-MetaTrader 4FinaCom500neteller, skrill, credit cards, wire transfer
KGIeworld0yes1:50-MetaTrader 4MAS1000Wire Transfer, Check
Abshire-Smith0yes1:200Vertex fx, Metatrader 4, straticatorFCA500CashU, Neteller, Skrill, Wire Transfer
Alfa Financial0yes1:100MetaTrader 4, AX1TraderCentral Bank UAE10000yes
BlitzBrokers (IB for AxiTrader)0yes1:500MetaTrader 4FCA UK1Credit cards, Neteller, Skrill
Citypoint Trading0yes1:100MetaTrader 4, VertexFCA20credit cards, wire transfer
Darwinex0yes1:200MetaTrader 4, cTraderFCA500Bank Wire, Credit Cards, UnionPay
Eightcup0yes1:500Metatrader 4ASIC100
ETX Capital0yes1:200 ETX Trader Pro, Metatrader 4, ETX binaryFCA100credit cards, wire transfer, firopay, neteller, skrill, sofort, china unionpay
Swissmarkets0yes1:500Metatrader 4, WebtraderCySEC, MiFID200credit cards, wire transfer, neteller, skrill, iDEAL, giropay
Trade3600yes1:1,00035%, $60 no deposit for real accountTrade360CySEC100credit cards, skrill, neteller, wire transfer
ForexMart0yes1:1,000$150 no deposit neededMetatrader 4CySEC1credit cards, neteller, skrill, paypal, paxum
AETOS0yes1:200MetaTrader 4FCA UK250Bank wire transfer, Credit cards, Debit cards, Skrill, ZOTAPAY
LH-Crypto0yes1:500Metatrader 4, Metatrader 5yes10Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Monero, DASH, Ripple, NEO, Visa, MasterCard, Web Money, QIWI, wire transfer

The forex companies you look for have to meet the following requirements: 

  • SWAP free islamic forex accounts for UAE residents
  • respected regulation authority such as DFSA, FCA UK, Cysec
  • segregated accounts for your trading funds (meaning that your money is kept separately from the company's finances)
  • satisfactory reviews from real forex traders from Dubai and around the globe
  • various payment methods with fast deposit and withdrawal options
  • low spreads and outstanding trading features
  • reputable trading platform such as Metatrader 4
  • high quality customer support in Arabic language via chat email and phone

Is forex trading legal in United Arab Emirates?

At the moment of the review, online currency trading is legal in the UAE! Not only it is perfectly legal, but it is extremely popular among the investors for lucrative, dynamic, young and profitable field.

What is the regulation body of the forex brokers in the UAE and in Dubai?

The major regulatory authority is Central Bank of United Arab Emirates or simply CBUAE.

In Dubai there is also Dubai Financial Services Authority (DFSA), which is inner state regulator, which keeps forex trading companies in Dubai on their toes with regulations and demands.

Which broker is regulated by DFSA Dubai?

You can visit DFSA website and search for a forex trading company in question. The website will either provide you with the details information about the broker and its DFSA License number, or it will say that the brokerages does not have DFSA license. Make sure to add the name of the company correctly, otherwise you might end up with the wrong results. Not all brokers have the same name as it's company in charge. 

How to Choose a Forex Broker?

ForexExplore.com is here to assist you to compare and review all types of Forex Brokers. Although we have done an extensive research, you should still pay attention to the following aspects while searching for a brokerage firm:

  • Is the Forex Broker regulated?
  • Differences between Account types, most importantly which spreads do you get, what is the minimum deposit requirement, what are the trading features such as leverage, commissions etc.
  • Currency pairs available - you do not want to limit yourself. 
  • Customer support is extremely important - both technical and trading.
  • Great Trading Platform you want something that is easy to use, have bunch of indicators, offers technical and analytical gadgets and simple deposit withdrawal process.