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Best Forex Brokers United Arab Emirates for 2023

Steven Hatzakis

Written by Steven Hatzakis
Edited by John Bringans
Fact-checked by Joey Shadeck

January 11, 2023

ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Here's how we test.

Trading forex (currencies) in the United Arab Emirates is popular among residents. While recommended, forex brokers are not required to become authorised by the Securities and Commodities Authority (SCA) to accept residents of the United Arab Emirates as customers.

The Securities and Commodities Authority is the financial regulatory body in the United Arab Emirates. Website: https://www.sca.gov.ae. We recommend that United Arab Emirates residents also follow the SCA on Twitter: https://twitter.com/sca_uae.

Securities and Commodities Authority

The SCA was established in 2000 and is responsible for supervising and monitoring the markets in the United Arab Emirates. For a historical breakdown, here's a link to the Securities and Commodities Authority webpage on Wikipedia.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Best Forex Brokers United Arab Emirates

To find the best forex brokers in the United Arab Emirates, we created a list of all brokers that accept residents of the United Arab Emirates as new clients. We then ranked brokers by their Overall ranking.

Here is our list of the best forex brokers in the United Arab Emirates:

  • IG
    - Best overall broker, most trusted
  • Saxo Bank
    - Best web-based trading platform
  • FOREX.com - Excellent all-round offering
  • XTB - Great research and education
  • Swissquote - Trusted broker, best banking services
  • AvaTrade
    - Great for beginners and copy trading
  • Plus500
    - High Trust Score, great for beginners

United Arab Emirates Forex Brokers Comparison

Compare United Arab Emirates authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Overall ranking.

Company Accepts AE Residents Authorised or Regulated by the DFSA Average Spread EUR/USD - Standard Minimum Deposit Overall Rating Visit Site
IG logoIG check check 0.86 £250.00 5/5 Stars Visit Site
Saxo Bank logoSaxo Bank check check 0.9 €2,000 5/5 Stars Visit Site
FOREX.com logoFOREX.com check check 1.0 $100 5/5 Stars
XTB logoXTB check check 1.07 $0 5/5 Stars
Swissquote logoSwissquote check check N/A $1000 4.5/5 Stars
AvaTrade logoAvaTrade check check 0.92 $100 4.5/5 Stars Visit Site
Plus500 logoPlus500 check check 0.8 €100 4.5/5 Stars Visit Site
Pepperstone logoPepperstone check check 0.77 $200 4.5/5 Stars
HFM logoHFM check check 1.2 $5 4/5 Stars Visit Site
HYCM (Henyep) logoHYCM (Henyep) check check 0.6 $100 4/5 Stars
MultiBank logoMultiBank check check N/A $50 4/5 Stars
eToro logoeToro check 1 $10-$10,000 4.5/5 Stars
Capital.com logoCapital.com check 0.6 $20 4.5/5 Stars
XM Group logoXM Group check 1.6 $5 4.5/5 Stars Visit Site
OANDA logoOANDA check 1.26 $0 4.5/5 Stars
Admiral Markets logoAdmiral Markets check 0.8 $100 4.5/5 Stars
FP Markets logoFP Markets check 1.2 $100 AUD 4.5/5 Stars Visit Site
IC Markets logoIC Markets check 0.62 $200 4.5/5 Stars Visit Site
Tickmill logoTickmill check 0.51 $100 4/5 Stars Visit Site
BlackBull Markets logoBlackBull Markets check 0.827 $0 4/5 Stars Visit Site
Vantage logoVantage check 1.22 $50 4/5 Stars
FlowBank logoFlowBank check N/A $0.00 4/5 Stars Visit Site
Eightcap logoEightcap check 1.0 $100 4/5 Stars Visit Site
Trade Nation logoTrade Nation check 0.6 $0 4/5 Stars
Moneta Markets logoMoneta Markets check 1.27 $50 4/5 Stars
ACY Securities logoACY Securities check 1.2 $50 4/5 Stars Visit Site
easyMarkets logoeasyMarkets check 0.9 $100 4/5 Stars
Libertex (Forex Club) logoLibertex (Forex Club) check N/A $10 3.5/5 Stars

How to Verify SCA Authorisation

Unfortunately, the SCA does not provide a list of authorized forex brokers; however, residents can contact the SCA directly to verify authorisation.

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2023 Review Methodology

At ForexBrokers.com, our reviews of online forex brokers and their products and services are based on our collected data as well as the observations and qualified opinions of our expert researchers. Each year we publish tens of thousands of words of research and detailed forex guides, and we monitor dozens of international regulator agencies (read more about how we calculate Trust Score here).

Our research team conducts thorough testing on a wide range of features, products, services, and tools (collecting and validating thousands of data points in the process). We test all available trading platforms for each broker – whether they are proprietary or come from third-party providers – and evaluate them based on a host of data-driven variables.

We also take an in-depth look at each broker’s commissions and fees, such as bid/ask spreads – including the average spread data for some of the most popular forex currency pairs. We research other trading costs, such as inactivity or custody fees, minimum deposit requirements, VIP rebates and/or discounts, and a range of other important fee-based data points.

Some of the other important research categories that are factored into our testing include mobile trading accessibility and capability, availability of market research and educational content, and each broker’s overall Trust Score.

Read our full explanation and accounting of our research and testing process to learn more about how we test.

Forex Risk Disclaimer

There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Read more on forex trading risks.

About the Editorial Team

Steven Hatzakis
Steven Hatzakis

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).


John Bringans
John Bringans

John Bringans is the Senior Editor of ForexBrokers.com. An experienced media professional, John has close to a decade of editorial experience with a background that includes key leadership roles at global newsroom outlets. He holds a Bachelor’s Degree in English Literature from San Francisco State University, and conducts research on forex and the financial services industry while assisting in the production of content.


Joey Shadeck
Joey Shadeck

Joey Shadeck is the Content Strategist and Research Analyst for ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.


Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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