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4 Best SCA Regulated Forex Brokers

Edited by: Louis Schoeman

Forex Brokers United Arab Emirates

 

The 4 Best SCA Regulated Forex Brokers in the UAE – Rated and Reviewed. We have rated and reviewed the Best Forex Brokers regulated by the Securities and Commodities Authority of UAE.

 

In this in-depth guide, you will learn:

 

  • The Best SCA Regulated Forex Brokers – a List
  • Is Forex Trading Legal in the United Arab Emirates?
  • What is the Securities and Commodities Authority of UAE?
  • SCA Licensed Companies and License Check
  • The Best Forex Brokers for Middle Eastern Traders
  • Popular SCA Regulated Forex Broker for Beginners

 

and much, MUCH more!

 

4 Best SCA Regulated Forex Brokers – a Comparison

 

🔎 Broker🚀Open an Account⭐ UAE Regulation💷 Min. Deposit (AED)💶 Min. Deposit (USD)
🏆 ADSS👉 Click HereSCA367,30100 USD
🥇 AvaTrade👉 Click HereADGM,FRSA367,30100 USD
🥈 Swissquote👉 Click HereDFSA3673,001000 USD
🥉 IG👉 Click HereDFSANoneNone

 

4 Best SCA Regulated Forex Brokers (2024)

 

  1. ☑️ ADSS – Overall, the Best SCA Regulated Forex Broker
  2. ☑️ AvaTrade – Best Overall Offering
  3. ☑️ Swissquote – Leading Broker for Established Traders
  4. ☑️ IG – Best Online Trading Experience

 

ADS Securities Review

 

ADSS

ADSS, also known as ADS Securities, is a well-established Financial services provider. Regulations by acclaimed and trusted agencies include the SCA. Notable factors and features include:

 

  • 24/5 Dedicated Customer Support
  • Commission-Free Trading
  • Extensive Educational Resources
  • 100 USD Minimum Deposit
  • Demo Account
  • Swap-Free Account

 

Trading instruments and Products include commodities, currencies, cryptocurrencies, ETFs, indices, stocks, and bonds via CFDs.

 

🔎 Broker🥇 ADSS
📌 RegulationSCA
💴 Min. Deposit100 USD
🆓 Demo Account✅Yes
☪️ Islamic Account✅Yes
💶 Inactivity FeeNone
⭐ MetaTrader 4✅Yes
📍 Account TypesClassic, Elite, Pro
📊 Spreadsfrom 0.0 Pips
❤️ Customer Support24/5
📉 Leverage500:1
🚀Open an Account👉 Click Here

 

ADSS Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Commission Free TradingHigh Min. Deposit on Elite and Pro Accounts
24/5 Dedicated Customer SupportNo Managed Accounts
Top Educational ResourcesNot available to US traders
Advanced Insights TerminalLimited Trading Platforms
Diverse Asset ClassLimited Regulation
Competitive SpreadsThird-Party Withdrawal Fee is Possible
Segregates client fundsPotential Fees on Deposits

 

Our Insights

ADSS is well-suited to active traders looking for a Broker that offers competitive pricing and a variety of trading instruments.

 

Traders Insights

I appreciate the advanced charting tools available on MT4, plus the wide range of instruments I get to trade. – Helen

 

Avatrade review

 

AvaTrade

AvaTrade is a highly trusted and regulated Forex, CFD, and, Financial Services provider. In addition, it accepts Middle Eastern Traders from the UAE. Additional regulations include the CBI,  BVI FSC, ASIC, and, the FSCA. Notable factors and features include:

 

  • Retail and Professional Accounts
  • Islamic, Swap-Free Trading
  • Spreads from 0.0 Pips
  • Leverage of up to 1:400 (Pro Account)
  • Introducing Broker Option

 

Trading Instruments available include Forex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, and, CFDs.

 

🔎 Broker🥇 AvaTrade
📈 Established Year2006
📉 Regulation and LicensesCentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC
📊 Ease of Use Rating4/5
🎁 Bonuses✅ Yes, referral bonus
⏰ Support Hours24/5
🖱️ Trading PlatformsAvaTrade WebTrader, AvaOptions, AvaTradeGO, MetaTrader 4, MetaTrader 5, AvaSocial, DupliTrade, ZuluTrade
📌 Account TypesRetail, Islamic, Professional
🪙 Base CurrenciesZAR, USD, GBP, AUD
💹 SpreadsFrom 0.6 pips (Pro), 0.9 pips (Retail) on EUR/USD
▶️ Leverage1:30 (Retail), 1:400 (Pro)
💵 Currency Pairs51; Major, Minor, Exotic Pairs
💶 Minimum Deposit100 USD
💷 Inactivity FeeYes, $50 after 3 months, $100 after 12
🥰 Website LanguagesEnglish, Chinese (Simplified), Chinese (Traditional), Turkish, Thai, Slovakian, Russian, Portuguese, Polish, German, Hungarian, French, etc.
💰 Fees and CommissionsZero commissions; only the spread is charged
🤝 Affiliate ProgramYes, Introducing Broker, Online Affiliate
❌ Banned CountriesUnited States, Belgium, Syria, Iran, New Zealand, Cuba
🅰️ Scalping✅Yes
🅱️ Hedging✅Yes
📐 Trading InstrumentsForex, Stocks, Commodities, Crypto CFDs, Treasuries, Bonds, Indices, Exchange-Traded Funds (ETFs), Options, Precious Metals, CFDs
🚀 Open an Account👉 Click Here

 

AvaTrade Overview

 

Pros and Cons

 

✅ Pros❌ Cons
Over 1,260 instrumentsInactivity fees on dormant accounts
Fixed spreads from 0.6 pips on the Pro AccountThe demo account is available for 21 days
Islamic AccountDeposit and withdrawal options are limited
There is a free demo account availableLeverage is capped at 1:30 for retail accounts

 

Our Insights

AvaTrade caters to a wide range of traders and offers multiple benefits. Benefits offered include diverse asset classes and impressive educational resources.

 

Traders Insights

As soon as I signed up with AvaTrade, I knew that I made the right choice. Excellent! – Adam

 

Swissquote 

 

Swissquote

Swissquote is a globally regulated broker, authorized by top-tier authorities like the FCA, DFSA, and SFC. Broker highlights include:

 

 

Trading instruments and Products include Equities, Warrants, Derivatives, Options, Futures, Funds, ETFs, Bonds, Currencies, Forex, Commodities, and Share Indices.

 

🔎 Broker🥇 Swissquote
💰 Min. Deposit$1000 USD
🆓 Demo Account✅ Yes
☪️ Islamic AccountNone
🔁 Segregated Accounts✅ Yes
🤝 Managed Account✅ Yes
📊 Institutional Accounts✅ Yes
📈 Forex Trading✅ Yes
📉 Forex Pairs80+
💻 Proprietary Platform✅ Yes
4️⃣ MetaTrader 4✅ Yes
5️⃣ MetaTrader 5✅ Yes
🪙 Cryptos30+
🔃 Spreads from1.1 Pips
💵 CommissionsVariable
💴 Swap Fees✅ Yes
🚀 Open an Account👉 Click Here

 

Swissquote Overview

 

Pros and Cons

 

✅ Pros❌ Cons
is highly regulated through various regulatory bodies in the jurisdictions that it operates in – FINMA in Switzerland, CSSF in Luxembourg, FCA in the UK, DFSA in Dubai, SFC in Hong Kong, MAS in Singapore and MFSA in Malta.high minimum deposit requirement makes it difficult for beginner traders to start trading with Swissquote
offers trading in a large range of financial instruments, which leaves a wide choice for beginner and novice traders.absence of a competitively priced cost structure remains the most notable drawback at Swissquote.
offers trading in the popular MetaTrader 4 and 5 as well as its in-house Advanced Trader which has great supporting tools.does not run promotions or give bonuses. It does, however, run a refer-a-friend program that pays out to both referrers and referees, but the minimum incentives need large deposits.
Autochartist is integrated into Advanced Trader, enhancing the user interface and platform experience.Although Swissquote has access to deep liquidity and accommodates fast order execution, it does not have the best execution policy.
sets itself apart from the competition by providing top-notch market research materials, such as webinars, video content, blog commentary, economic calendars, and streaming news headlines.can improve its fees and account types. With a minimum deposit requirement of $1000 and spreads starting from 1.7 pips on its Standard account, its most affordable service does not have particularly favourable costs.

 

Our Insights

Impressive, high-tiered regulators back Swissquote and it offers a very safe trading environment. However, it is better suited to established and active traders.  We would not recommend this broker to Novis traders.

 

Traders Insights

I have been Trading with Swissquote for many years, and have received top-class service. – Peter

 

IG Review

 

IG

IG is a highly trusted Forex and CFD Broker regulated by 10 Tier-1 Regulators. In addition, it offers several retail trading accounts and a Swap-Free Trading account. Notable factors and features include:

 

  • Multiple High Tier Regulations
  • Several Trading Platforms, including MT4
  • 24/7 Customer Support
  • Multiple Account Types
  • Spreads from 0.1 Pips
  • Leverage of up to 1:30
  • A low 50 USD Minimum Deposit

 

Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.

 

🔎Broker🥇IG
📈 Regulation and LicensesFCA, BaFin, CySEC, FINMA, DFSA, FSCA, MAS, JFSA, ASIC, FMA, CFTC, NFA, BMA
📉 Ease of Use4/5
📊 Support Hours24/7
💻 Trading PlatformsMetaTrader 4, IG Platform, ProRealTime (PRT), L2 Dealer, FIX API
💴 Base CurrenciesUSD
📊 SpreadsFrom 0.1 pips DMA
📌 Leverage1:222 (Pro), 1:30 (EU, UK, Retail)
💸 Currency Pairs80+; major, minor, and exotic pairs
💳 Minimum DepositFrom 50 USD (differs per region)
🚫 Inactivity FeeYes, 12 USD after 2 years of inactivity
📍 Website LanguagesEnglish
💰 Fees and CommissionsSpreads from 0.1 pips, commissions from 0.10%
🚀Open an Account👉 Click Here

 

IG

 

Pros and Cons

 

✅ Pros❌ Cons
Access to over 17,000 instruments across marketsLimitations on customer support hours
Investing opportunities for high-volume tradersInactivity fees apply
Several advanced Trading platformsIG is not available in all regions

 

Our Insights

IG is an impressive broker with a well-rounded and comprehensive offering.

 

Traders Insights

My very first experience with IG and it is positive. Mostly supportive team in a very quick manner. My expectations so far have been more than matched! – Albertus

 

SCA UAE

 

The Securities and Commodities Authority of UAE

The Securities and Commodities Authority or SCA, is the regulatory body overseeing the financial markets in the United Arab Emirates (UAE). The SCA is responsible for protecting investors, ensuring market integrity, and promoting a fair and transparent financial environment.

 

The Securities and Commodities Authority of UAE

 

In Conclusion

The Securities and Commodities Authority (SCA) plays a crucial role in supervising securities, commodities, and derivatives markets within the UAE.

 

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker
🥈Read ReviewFSCA, IFSC, ASIC, CySEC, DFSA, FCAUSD 5Visit Broker
🥉Read ReviewFCA, FSCA, FSC, CMAUSD 10Visit Broker
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker
5Read ReviewFSC, FSA, VFSCUSD 10Visit Broker
6Read ReviewCySEC, MISA, FSCAUSD 25Visit Broker
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker

 

Our Insights

While rating and reviewing the Best SCA regulated Forex Brokers that accept Traders in the UAE, we found 6 excellent options. Each broker listed has its list of Benefits, ranging from multiple account types to multilingual customer support. However, finding the Best Forex Broker will depend on a trader’s individual trading needs.

 

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Faq

The Securities and Commodities Authority or SCA, is the regulatory body overseeing the financial markets in the United Arab Emirates (UAE).

The Securities and Commodities Authority (SCA) plays a crucial role in supervising securities, commodities, and derivatives markets within the UAE.

ADSS is regulated by the SCA and accepts traders from the United Arab Emirates without restriction. 

The Minimum Deposit to open an AvaTrade account is 100 USD. AvaTrade offers access to Retail, Professional, and, Islamic Accounts. 

Swissquote MEA Ltd holds a category 3A license from the Dubai Financial Services Authority (DFSA).

IG offers access to 24/7 Dedicated and Multilingual Customer Support. In addition, customer support is available via multiple channels. 

The SCA is responsible for protecting investors, ensuring market integrity, and promoting a fair and transparent financial environment.

AvaTrade is licensed as a regulated broker in the EU, Japan, Australia, South Africa, UAE, and the British Virgin Islands.

The benefits of trading with ADSS include Commission-Free Trading, Extensive educational resources, and, competitive pricing.

Swissquote is best suited to experienced traders with access to advanced trading platforms and features. 

Trading instruments and Products include Forex, Indices, Share CFDs, Commodities, Cryptocurrencies, Futures, Options, Bonds, ETFs, Digital 100s, and, Interest rates.

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