10 Best Forex Brokers in The UAE

 

The 10 Best Forex Brokers in the UAE – Rated and Reviewed. We have listed the Best Forex Brokers accepting traders from the United Arab Emirates.

 

Top 10 Forex Brokers in The UAE – A Direct Comparison

 

 

10 Best Forex Brokers in The UAE (2025)

 

1. Pepperstone – Overall, The Best Forex Broker in the UAE
2. IG –  Regulated by the DFSA in the UAE
3. eToro – Streamlined Onboarding with UAE PASS
4. AvaTrade – User-friendly platforms and strong regulatory backing
5. Saxo Bank – No Inactivity or Platform Fees
6. Swissquote – Multi-asset trading platforms and ePrivate Banking solutions
7. Tickmill – VPS hosting for low-latency trading
8. FxPro – No Dealing Desk Execution
9. Interactive Brokers – Extensive global market access
10. FXCM – Award-Winning Customer Support

 

Top 10 Forex Brokers (Globally)

 

 

1. Pepperstone

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pepperstone is a highly regulated, cost-effective broker with a significant presence in the UAE, operating under DFSA oversight. The broker provides powerful trading platforms, consistently tight spreads, rapid trade execution, and strong client protection through segregated accounts and strict regulatory supervision.

However, it’s important to be aware that there is no DFSA-backed compensation fund available for retail clients.

 

 

 

Frequently Asked Questions

 

Does Pepperstone offer low spreads?

Yes, Pepperstone is known for offering very competitive and low spreads, especially on their Razor account. This account provides raw spreads from 0.0 pips, with a small commission per lot traded. Their Standard account also offers competitive spreads with no commission.

 

What platforms does Pepperstone support?

Pepperstone supports a comprehensive suite of trading platforms. These include the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), cTrader, and TradingView. They also offer their own proprietary Pepperstone Webtrader platform and a dedicated mobile app.

 

★★★★★

Minimum Deposit: $200 Regulated by: ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

2. IG

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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Established in 1974, IG operates as a globally regulated broker, with the DFSA (DIFC) licensing it in the UAE. Clients in the UAE enjoy the advantages of local regulatory oversight, negative balance protection, segregated client funds, and access to advanced trading platforms such as IG Web, MetaTrader 4 (MT4), ProRealTime, and TradingView.

IG also provides strong educational support through IG Academy and UAE-specific resources.

 

 

 

Frequently Asked Questions

 

Can I open an IG account in the UAE?

Yes, you can open an IG account in the UAE. IG has a local entity, IG Limited, regulated by the Dubai Financial Services Authority (DFSA), allowing it to offer CFD trading services to clients in Dubai and the wider Middle East.

 

Does IG offer Islamic (Swap-Free) accounts?

IG does not directly offer dedicated “Islamic” or “swap-free” accounts in the conventional sense for all their regulated entities. While they acknowledge Sharia-compliant investing principles in their glossary, their standard CFD accounts involve overnight funding charges (swaps).

 

★★★

Minimum Deposit: $250 Regulated by: FCA, ASIC, CFTC, NFA, BaFin Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

3. eToro

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

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In the UAE, eToro operates under DFSA regulation via eToro (ME) Limited, licensed in DIFC Dubai. Clients in the UAE enjoy the advantages of local regulatory compliance, AED currency support, negative balance protection, and access to eToro’s CopyTrader™ platform, which allows them to automatically replicate the trades of professional investors.

Leverage is limited to 1:30 for retail traders, in line with DFSA rules.

 

 

 

Frequently Asked Questions

 

Is eToro regulated in the UAE?

Yes, eToro operates under regulation in the UAE. Its entity, eToro (ME) Limited, holds licenses from and is regulated by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This allows them to offer various trading services to clients in the UAE.

 

What is the minimum deposit on eToro?

For UAE clients, eToro requires a minimum first-time deposit of USD 100 (approximately 367 AED). Subsequent deposits can be as low as USD 50. A minimum deposit of USD 500 is required if you deposit via bank transfer.

 

★★★★

Minimum Deposit: $200 Regulated by: FCA, CySEC, MFSA, ADGM, ASIC, FSAS, FinCEN Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

Top 3 Forex Brokers in the UAE – Pepperstone vs IG vs eToro

 

 

 

4. AvaTrade

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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AvaTrade is a highly regulated, award-winning broker in the UAE through ADGM, providing a secure trading environment, advanced platforms and risk management tools, a wide variety of instruments, and Sharia-compliant accounts, making it an excellent choice for both retail and professional traders.

 

 

 

Frequently Asked Questions

 

Can I deposit and withdraw in AED?

While AvaTrade is regulated in the UAE, its primary base account currencies are typically USD, EUR, GBP, and AUD. You can deposit funds from an AED bank account, but it will undergo currency conversion to your chosen account base currency.

 

Is AvaTrade suitable for beginners?

Yes, AvaTrade is suitable for beginners. They offer extensive educational resources through AvaAcademy, user-friendly platforms like AvaTradeGO, and popular MetaTrader platforms. With a generally low minimum deposit of $100 and a free demo account, new traders can learn and practice without significant risk.

 

★★★★★

Minimum Deposit: $100 Regulated by: CBI, BVI, FSC, ASIC, FSCA, JFSA, FFAJ Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

5. Saxo Bank

 

★★★★

Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes

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Saxo Bank is a highly regulated, premium broker that provides an extensive selection of financial instruments and sophisticated trading platforms. Although it primarily serves high-net-worth individuals and professional traders, its offerings are also available to dedicated retail investors in the UAE.

The provision of Islamic accounts and Arabic-language support further strengthens its attractiveness to local clients.

 

 

 

Frequently Asked Questions

 

What trading platforms does Saxo Bank offer?

Saxo Bank offers a suite of advanced proprietary trading platforms: SaxoTraderGO (web and mobile), SaxoTraderPRO (desktop for advanced traders), and SaxoInvestor (simplified for long-term investing). These platforms provide access to a wide range of global markets and instruments.

 

Does Saxo Bank provide demo accounts?

Yes, Saxo Bank offers free demo accounts. You can access a 20-day demonstration to practice trading on both their SaxoTraderGO and SaxoTraderPRO platforms. This allows you to familiarize yourself with their tools and test strategies without any financial risk.

 

★★★★

Minimum Deposit: $0 Regulated by: FSA, FCA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

6. Swissquote

 

★★★

Minimum Deposit: $1,000 Regulated by: MAS, CSSF Crypto: Yes

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Swissquote is a Switzerland-based online bank and brokerage firm providing multi-asset trading and banking services worldwide, including in the UAE. Swissquote MEA Ltd. operates within the Dubai International Financial Centre (DIFC) and is regulated by the Dubai Financial Services Authority (DFSA).

 

 

 

Frequently Asked Questions

 

Is Swissquote good for beginners?

While Swissquote offers extensive educational resources and robust platforms, its USD 1,000 minimum deposit for a standard Forex account might be a barrier for absolute beginners with limited capital. It is better suited for traders with some initial capital.

 

Can I open an account from the UAE?

Yes, you can open an account with Swissquote from the UAE. Swissquote has a subsidiary, Swissquote MEA Ltd., based in Dubai and regulated by the Dubai Financial Services Authority (DFSA), specifically to serve clients in the Middle East, including the UAE.

 

★★★

Minimum Deposit: $1,000 Regulated by: MAS, CSSF Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

7. Tickmill

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Tickmill is a globally regulated broker authorized by regulators such as the FCA, CySEC, FSCA, and the DFSA in the UAE. It features low spreads starting from 0.0 pips, rapid trade execution, and compatibility with MetaTrader 4 and 5. Clients in the UAE enjoy the advantages of a DFSA-regulated office in Dubai, AED deposit options, and the availability of Islamic accounts.

 

 

 

Frequently Asked Questions

 

Does Tickmill offer Islamic accounts?

Yes, Tickmill offers Islamic (swap-free) accounts, designed to comply with Sharia law. All Muslim clients can convert their Classic or Raw account to an Islamic type, eliminating swap or rollover interest on overnight positions.

 

Is there local support in the UAE?

Yes, Tickmill does have a local presence and offers support in the UAE. Tickmill UK Ltd has a Representative Office regulated by the Dubai Financial Services Authority (DFSA) located in the Emirates Financial Towers in Dubai.

 

★★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, FSA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

8. FxPro

 

★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes

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FxPro is a globally regulated broker licensed by the FCA, CySEC, FSCA, and SCB, with a local office in Dubai. UAE traders benefit from AED funding options, local support, and Islamic swap-free accounts.

Offering leverage of up to 1:500, negative balance protection, and a minimum deposit starting at $100, FxPro is well-suited for both novice and experienced traders.

 

 

 

Frequently Asked Questions

 

Is FxPro suitable for beginners?

FxPro is generally suitable for beginners. They offer a $100 minimum deposit, a demo account for practice, and user-friendly platforms like MetaTrader 4/5 and their own FxPro Trading Platform. Additionally, they provide educational resources to help new traders understand the market.

 

Is there local support in the UAE?

Yes, FxPro provides local support in the UAE. They have an office in Dubai (Dubai CommerCity, Building 1, 5th floor, Office 507) and offer phone support for their UAE clients (+971 (0) 4 4243023). Their customer service is generally available 24/5.

 

★★★★

Minimum Deposit: $100 Regulated by: FCA, CySEC, ASIC Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

9. Interactive Brokers

 

★★★★

Minimum Deposit: $0 Regulated by: SEC, FINRA, FCA, ASIC Crypto: No

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Clients in the UAE enjoy local support and multi-currency account options, with minimum deposits as low as $0 for IBKR Lite and $10,000 for IBKR Pro. Renowned for its low commissions, comprehensive research tools, and access to global markets, IBKR is well-suited for active traders and institutional investors.

 

 

 

Frequently Asked Questions

 

Does Interactive Brokers support UAE residents and AED currency?

Yes, Interactive Brokers supports UAE residents. Its DIFC-regulated entity serves clients in the region. You can also fund your account with and withdraw in AED, although direct AED bank accounts for transfers from UAE banks might route through their UK bank or require correspondent banks.

 

Does IBKR offer copy trading or social trading?

Interactive Brokers focuses on providing advanced trading tools and a wide range of global assets for self-directed investors. They do not natively offer traditional copy trading or social trading features like those found on platforms such as eToro or AvaTrade.

 

★★★★

Minimum Deposit: $0 Regulated by: SEC, FINRA, FCA, ASIC Crypto: No

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Pros and Cons

 

 

Final Score

 

 

 

10. FXCM

 

★★★★

Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes

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FXCM is a reputable and regulated broker well-suited for UAE traders interested in forex and CFDs. It provides a variety of trading platforms, including MT4 and TradingView, supports social and algorithmic trading, and offers competitive pricing. However, its range of CFDs is relatively limited, and some users have reported concerns regarding trade execution.

 

 

 

Frequently Asked Questions

 

Does FXCM accept clients from the UAE?

Yes, FXCM does accept clients from the UAE. They have a regulated presence in the region through the Dubai Financial Services Authority (DFSA). This regulation allows them to offer their trading services to residents of the United Arab Emirates.

 

Is there negative balance protection?

Yes, FXCM generally offers negative balance protection for its retail clients. This means your losses are limited to the funds available in your trading account, preventing you from owing the broker money.

 

★★★★

Minimum Deposit: $50 Regulated by: FCA, ASIC, CySEC, FSCA Crypto: Yes

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Pros and Cons

 

 

Final Score

 

 

 

Is Forex Trading Legal and Popular in The UAE?

Yes, forex trading is legal and widely conducted in the UAE, overseen by regulators such as the Securities and Commodities Authority (SCA), DFSA, and ADGM. Its popularity continues to grow thanks to a robust financial infrastructure, tax-free profits, and specialized features like Islamic (swap-free) accounts and local AED support.

Both novice and experienced traders actively engage in the expanding forex market within the UAE.

 

Criteria for Choosing a Forex Broker in The UAE

 

 

 

What Real UAE Traders Want to Know

 

Q: What are the most important regulations I should look for when choosing a Forex broker in the UAE? – Aisha (New to Forex, UAE Resident)

 

Q: I want to start with a low amount of capital. What’s the typical minimum deposit for UAE-friendly brokers? – Omar (Budget-Conscious Beginner)

 

Q: Which trading platforms are most commonly used and recommended by brokers regulated in the UAE? – Fatima (Platform Preference)

 

Q: Do UAE Forex brokers offer Islamic or swap-free accounts that comply with Sharia law? – Khalid (Sharia-Compliant Investor)

 

Q: How transparent are the spreads and commissions with UAE-regulated brokers, and how can I compare them? – Layla (Concerned about Fees)

 

 

In Conclusion

Forex brokers in the UAE are well-regulated and offer services tailored to local needs, including AED support and Islamic accounts. Traders benefit from strong legal frameworks, tax-free gains, and growing market access.

 

You Might also Like:

 

• Pepperstone Review
• IG Review
• eToro Review
• AvaTrade Review
• Saxo Bank Review
• Swissquote Review
• Tickmill Review
• FxPro Review
• Interactive Brokers Review
• FXCM Review