10 Best Forex Brokers in United Arab Emirates for 2024

Swissquote is a leading bank in online financial services, including forex and CFD brokerage. The Gland, Switzerland-based company was founded in 1996 and has been listed on the SIX Swiss Exchange since May 2000. I verified that Swissquote is regulated by the Dubai Financial Services Authority (DFSA) and the top-tier Swiss Federal Financial Market Supervisory Authority (FINMA).

Regional Features:

• Entity for UAE clients: Regulated by DFSA
• Leverage of up to 1:400
• Islamic account
• Dirham (AED) available as a base currency
• Website and platforms available in Arabic
• Office in Dubai, UAE
• Customer support in Arabic

When it comes to financial strength and stability, I rate Swissquote among the top CFD brokers globally. It currently employs over 1,000 staff and serves over 400,000 clients. Clients can access over 400 Forex and CFD instruments via the proprietary Advanced Trader platform. After test-driving Advanced Trader for over a week, I concluded that the platform is a winner — both feature-rich and intuitive. Advanced traders seeking low trading costs will find Swissquote an excellent fit. Progressively tighter spreads are available with various Swissquote account types, catering to different trader profiles.

The DFSA regulates the UAE entity (Swissquote MEA Ltd.), and all accounts are insured up to CHF 100,000 via the Swiss deposit insurance scheme. The United Arab Emirates Dirham (AED) is available as a base currency (the currency in which your account is denominated), along with EUR, CHF, and GBP as alternatives.

The multilingual support team at Swissquote can offer assistance in Arabic, English, French, Spanish, Italian, and German. Having made dozens of inquiries in the process of writing my review, I found the customer support reliably solid at this broker. If you are a UAE resident looking for a stable, well-rounded broker, Swissquote might be for you.

Sydney, Australia-based FP Markets was founded in 2005 and has entities regulated by top-tier CySEC and ASIC. With over 800 instruments across stocks, indices, forex, commodities, and cryptocurrencies, traders can work with a broad range of markets.

Regional Features:

• Entity for UAE clients: Unregulated
• Leverage of up to 1:500
• Islamic account
• Platform available in Arabic
• Customer support in Arabic

My hands-on tests showed that traders can expect rock-bottom trading costs with this broker. They offer two principal accounts: the commission-free Standard Account and the Raw Account, which is commission-based but provides tighter spreads. In my experience using the Standard Account, I found the spreads to be highly competitive, with, for example, 0.8 pips in the Dax 40. Clients have a variety of ways to access the markets, including MT4/5, WebTrader, IRESS, and FP Markets’ proprietary mobile app.

Deposits and withdrawals are processed fast, and FP Markets does not apply any charges, even via bank wire. 24/7 customer support is available in Arabic, and clients can access swap-free Islamic accounts.

Plus500 was founded in 2008 and since then has become a giant in the brokerage industry. Today, it boasts a presence in over 50 countries, with 400,000 active clients. Listed on the London Stock Exchange (LSE: PLUS), it is one of a handful of publicly traded CFD brokers. I verified that Plus500 is a multi-regulated broker, authorized by several top-tier authorities. Broker’s clients can access 2,500 CFD instruments via the state-of-the-art WebTrader platform and mobile app.

Regional Features:

• Entity for UAE clients: Regulated by FSA Seychelles
• Leverage of up to 1:300
• Islamic Account
• Dirham (AED) available as a base currency
• Platform available in Arabic
• Website available in Arabic
• Customer support available in Arabic

In my hands-on assessment of Plus500, I found it to be particularly strong in the area of research materials and tools. Clients can stay updated with market news and digest helpful analysis throughout the week. The in-house research team primarily focuses on fundamental themes, delving into topics such as earnings reports and central bank policies.

The research tools built into the WebTrader platform are outstanding. The +Insights feature shows community trends, providing stats on the most traded instruments and the top profit/loss-making positions. This information helps traders identify interesting assets to focus on. Sentiment data is also available, indicating the proportion of traders going long or short on each instrument. In my experience, when the ratio of buyers versus sellers reaches an extreme level, this can be a powerful indicator of potential trend reversal. The information is especially valuable, given the large client base of Plus500.

Founded in 2005, MultiBank has an impressive track record as a CFD broker and has grown to have a significant global presence. The Dubai-based broker is regulated across five continents and maintains over 20 offices worldwide. The UAE entity of the broker is regulated by the Securities and Commodities Authority (SCA). MultiBank Group offers the popular MetaTrader platform and uses a non-dealing desk ECN model of order execution.

Regional Features:

• Entity for UAE clients: Regulated by UAE SCA
• Leverage of up to 1:500
• Islamic account
• Dirham (AED) as a base currency
• Arabic version of the website
• Office in Dubai, UAE
• Customer support in Arabic

MultiBank offers various account types, catering specifically to professional traders. When testing the Standard Account, I experienced competitive spreads of just 1.9 pips in GBP/JPY, and 25 pips in gold. The ECN account, favorable for experienced, high-volume traders, offers spreads from 0 pips.

The advanced MetaTrader 4 and MetaTrader 5 platforms support robust charting and flexible order types. Traders can also automate their strategies, and I confirmed that free VPS hosting makes it possible to run trading terminals non-stop 24/7 with stable and reliable conditions.

Multi-Account Managers (MAM) software enables professional traders and asset managers to manage several trading accounts simultaneously. Social trading at MultiBank offers clients the opportunity to copy successful traders from around the world. Experienced traders can become signal providers and earn more on their profitable trades.

MultiBank currently offers a deposit bonus on a Standard or Pro account for MetaTrader platforms. A minimum number of lots must be traded before the bonus money can be withdrawn.

Founded in 2009, Vantage is an award-winning multi-asset broker headquartered in Sydney, Australia. A significant player in the world of CFD brokerage, Vantage has over 50,000 active clients worldwide, trading forex, commodities, indices, shares, and cryptocurrencies. Entities are regulated by the top-tier ASIC and the offshore CIMA, the company undergoes regular audits, and all client funds are held in a segregated trust account.

Regional Features:

• Entity for UAE clients: Regulated by CIMA
• Leverage of up to 1:500
• Islamic account
• Platforms available in Arabic
• Arabic version of the website
• Customer support in Arabic

Vantage offers an exciting range of platforms, from the popular MetaTrader to the state-of-the-art ProTrader powered by TradingView. While exploring the Vantage app, I found it intuitive and easy to use even for inexperienced traders. In my opinion, it serves as a great tool for staying connected to the markets while on the move. Whether you’re an advanced trader working with automated strategies or a total beginner to the markets, Vantage has a suitable platform for you.

The Arabic version of the website allows UAE residents to easily reference important information. Vantage swap-free (Islamic) accounts are available for traders who wish to abide by Sharia law. Reliable 24/7 support in Arabic is available via live chat, phone, and email.

Saxo Bank is a pioneering brokerage firm founded in 1992. The Copenhagen-based financial giant provides access to more than 71,000 leveraged and non-leveraged products, far exceeding the industry average. Regulated by numerous top-tier financial authorities, Saxo Bank earned a high trust rating in my review. I was also dazzled by the award-winning SaxoTraderGO trading platform, which is both user-friendly and feature-rich.

Regional Features:

• Entity for UAE clients: Regulated by the UAE Central Bank
• Leverage of up to 1:30
• Representative office in Dubai
• Arabic language support
• Website available in Arabic

The huge range of tradable markets at Saxo Bank allows its clients to practice long-term investing and speculative trading simultaneously. Leveraged trading is available in CFDs, forex, futures, options, and crypto. Among investment products, clients have access to stocks, ETFs, bonds, and mutual funds.

I found Saxo’s platforms to be professional, exceptionally user-friendly, and highly sophisticated. The broker has two proprietary platforms – SaxoTraderGo and SaxoTraderPro – and it also seamlessly incorporates TradingView and Dynamic Trend. After poking around SaxoTraderGo for several days and testing its many features, I can confidently say that it stacks up among the best platforms in the industry.

Abu Dhabi, UAE-based ADSS was founded in 2011 and provides brokerage services via two entities: ADS Securities LLC (UAE) and ADS Securities London Limited (UK). Clients can access trading in forex and CFDs on indices, commodities, stocks, and cryptocurrencies using the popular MetaTrader 4 platform.

Regional Features:

• Entity for UAE clients: Regulated by UAE SCA
• Leverage of up to 1:500
• Islamic account
• Platform available in Arabic
• Arabic version of the website
• Office in Abu Dhabi, UAE
• UAE payment solution (UAEPGS)
• Customer support in Arabic

Beginners can experiment with the broad range of tradable instruments available at ADSS.I found that the number of indices and stocks available for trading exceeds the industry average. Demo accounts offered by ADSS enable traders to practice trading without risking any real capital. Better still, a content-rich educational section on the website includes a 10-part video course, how-to guides, and live webinars — helping newbies to orient themselves in the markets.

During my assessment, I was particularly impressed by the extensive MetaTrader 4 tutorials, which can help new traders learn its advanced charting, order types, and automated trading features. While these may initially seem overwhelming, they become essential tools once mastered. ADSS also offers customer service in Arabic, a feature that is particularly important for novice traders based in the UAE.

Moneta Markets is an award-winning broker offering competitive conditions to traders across the globe. Clients can access CFDs on forex, commodities, indices, shares, EFTs, and bonds. Among platforms, Moneta Markets offers the popular MetaTrader 4 and state-of-the-art ProTrader Powered by TradingView. I confirmed that Moneta Markets South Africa (Pty) Ltd is regulated by the Financial Sector Conduct Authority (FSCA) of South Africa and that Moneta Markets Ltd is listed in the Saint Lucia Registry of International Business Companies.

Regional Features:

• Entity for UAE clients: Registered in Saint Lucia
• Leverage of up to 1:1000
• Islamic Account
• Platform available in Arabic
• Website available in Arabic

Moneta Markets can accommodate a range of trader profiles with its flexible account types. Beginners and casual traders can take advantage of the STP Direct account type, with spreads from 1.2 pips, the ability to trade in micro-lots, and a minimum deposit of only $50. Advanced traders can opt for the Prime and Ultra ECN account types – which our hands-on tests confirmed as having extremely low spreads across all asset classes. All account types have access to the full range of 1,000+ tradable assets.

All client funds are fully segregated in a trust account held with an AA-Rated Global Bank, and client trading accounts are covered by negative balance protection. If you are looking for a broker that can provide rock-bottom costs, high leverage, and robust platforms, Moneta Markets could be a good fit.

AvaTrade was founded in 2006, making it an early mover in the forex and CFD industry. The Dublin-based broker has grown tremendously since then and now provides services to 400,000 traders globally. With a broad network of regulatory compliance across several international agencies, such as ASIC and CySEC, it stands as a highly trusted player in the global trading landscape.

Regional Features:

• Entity for UAE clients: Regulated by Abu Dhabi FRSA
• Leverage of up to 1:400
• Islamic account
• Platform available in Arabic
• Arabic version of the website
• Customer support in Arabic

I was particularly impressed by the broad range of copy trading platforms available to AvaTrade clients. The MetaTrader-compatible DupliTrade platform allows traders to automatically copy more experienced traders’ strategies in real time. The popular ZuluTrade platform enables clients to copy top-performing traders from different brokers. Meanwhile, AvaSocial allows clients to copy and learn from successful traders within the AvaTrade community.

AvaTrade provides a great range of trading accounts and platforms to trade on over 1,250 instruments covering forex, stocks, indices, commodities, cryptos, and FX options. Clients can select from various accounts suitable for beginner and advanced traders, including CFD, Islamic, and Options Accounts.

Established in 2011, FXTM is a forex and CFD broker headquartered in Limassol, Cyprus. Top-tier authorities, including the UK FCA and CySEC, regulate its various entities. A global CFD broker, FXTM has offices in Europe, Africa, Asia, and Latin America and has served 4 million clients across 180 countries.

Regional Features:

• Regulated by Mauritius FSC
• Leverage of up to1:1000
• Islamic account
• Platforms available in Arabic
• Customer support in Arabic

FXTM offers MetaTrader 4 and MetaTrader 5 for desktop, web, and mobile. For trading on the go, clients can also use the proprietary FXTM Trader mobile app. The MetaTrader platform has advanced functionality, including advanced order types and automated trading.

When exploring the tools offered by FXTM, I discovered that a selection of useful custom MT4 indicators is available to clients. Custom indicators, such as their Pivot SR Levels, are downloadable from the FXTM website and can help give traders an edge in their analysis.

MetaTrader is an advanced platform that can take time to master, and FXTM helps address this with dedicated account representatives on hand to answer questions. The broker provides robust educational materials that include detailed MetaTrader platform tutorials.