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ForexDubai.com - Best Forex Trading Brokers in Dubai, UAE

Forex Dubai (UAE) - Best Forex Trading Brokers in Dubai, UAE 2024

Forex Dubai - Best Forex Trading Brokers in Dubai, UAE
ForexDubai.com is your number one source for everything you need to know about Online Forex trading and Forex Brokers in Dubai, UAE.

Here you will find the complete list and reviews of the best Dubai Forex brokers licensed and regulated by prominent regulatory authorities worldwide, such as the DFSA (Dubai), FCA (UK), CySEC (Cyprus), IFSC (Belize), and ASIC (Australia). Additionally, you will learn how to choose the best Forex trading brokers in the UAE with the best trading products to suit your trading requirements.

In the recent years, forex trading has found a significant place among the traders and investors in Dubai due it its many attractive features, including round-the-clock trading, high liquidity, great leverage, the possibility of making profits from both ups and downs in the markets, low trading fees, different trading accounts, and the superior MetaTrader trading platforms on desktop, mobile, and web.

At ForexDubai.com, our goal is to help you find the best, reliable and trusted Forex trading Brokers in Dubai, UAE.

List of Best Forex Brokers in Dubai (UAE) - List, Reviews and Ratings

Exness Broker
Exness Broker
Minimum deposit $1
Standard, Cent, RAW, Zero, and Pro accounts
Leverage up to 1:Unlimited
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stocks, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, PerfectMoney, Skrill, Neteller, Bitcoin, Tether

Licenses: CySEC, FSCA, FCA, FSA
Country: Cyprus
Year Founded: 2008
rating: 5/5

XM Broker
XM Broker
Minimum Deposit $5
Micro, Standard, Ultra Low, and Shares accounts
Leverage up to 1:1000
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stocks, CFDs, Cryptocurrencies

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, Bitcoin, Tether

Licenses: CySEC, IFSC, FCA, ASIC, DFSA
Country: Cyprus
Year Founded: 2008
rating: 5/5

FP Markets Broker
FP Markets Broker
Minimum Deposit $100
Standard and Raw accounts
Leverage up to 1:500
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile, cTrader, IRESS

Trade Forex, Stocks, Metals, Commodities, Bonds, and Cryptos

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, XPAY, SticPay, Bitcoin, Tether

Licenses: ASIC, CySEC, FSCA, FSA, ESMA
Country: Australia
Year Founded: 2005
rating: 5/5

FBS Broker
FBS Broker
Minimum deposit $1
Micro, Cent, Standard, Zero Spread, and ECN accounts
Leverage up to 1:3000
Floating and Fixed Spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stock, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, PerfectMoney, Skrill, Neteller, Bitcoin, Tether

Licenses: CySEC, IFSC, ASIC, FSCA
Country: Cyprus
Year Founded: 2009
rating: 4/5

RoboForex Broker
RoboForex Broker
Minimum deposit $10
Cent, Standard, ECN and Prime accounts
Leverage up to 1:2000
Floating spreads
MetaTrader 4, 5, WebTrader, Mobile and cTrader

Trade Forex, Metals, Energies, Stock, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, Skrill, Neteller, PerfectMoney, Bitcoin, Tether

Licenses: IFSC, CySEC, FCA
Country: Cyprus
Year Founded: 2009
rating: 5/5

HFMarkets Broker
HFMarkets Broker
Minimum Deposit $1
Cent, Premium, Pro, Zero accounts
Leverage up to 1:2000
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Stocks, Metals, Commodities, Bonds, and Cryptos

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, PerfectMoney, Bitcoin, Tether

Licenses: DFSA, FCA, CySEC, IBC, FSC, FSCA, FSA
Country: Cyprus
Year Founded: 2010
rating: 5/5

Tickmill Broker
Tickmill Broker
Minimum Deposit $100
Classic, Pro, VIP accounts
Leverage up to 1:500
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stocks, CFDs, Cryptocurrencies

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, Bitcoin,Tether

Licenses: CySEC, FCA, FSCA, FSA, DFSA
Country: Cyprus
Year Founded: 2014
rating: 5/5

JustMarkets Broker
JustMarkets Broker
Minimum Deposit $1
Cent, Standard, Pro, Raw Spread
Leverage up to 1:3000
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stocks, Cryptocurrencies

Deposit and Withdrawal via Credit Cards, Skrill, Neteller, PerfectMoney, Bitcoin, Tether

Licenses: CySEC, FSA, VFSC
Country: Cyprus
Year Founded: 2012
rating: 5/5

Alpari Broker
Alpari Broker
Minimum deposit $1
Standard, ECN and Nano accounts
Leverage up to 1:1000
Floating and Fixed spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stock, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, PerfectMoney, Crypto, Skrill, Neteller

Licenses: FSA, IBC
Country: Cyprus
Year Founded: 1998
rating: 5/5

HYCM Broker
HYCM Broker
Minimum deposit $100
Fixed, Classic and Raw accounts
Leverage up to 1:500
Floating and Fixed spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Metals, Energies, Stock, CFDs, Cryptocurrencies

Deposit and withdrawal via Bank wire, Credit Cards, PerfectMoney, Skrill, Neteller, Crypto

Licenses: CySEC ،FCA, DFSA, CIMA
Country: Cyprus
Year Founded: 1998
rating: 5/5

FXTM Broker
FXTM Broker
Minimum Deposit $5
Micro, Advantage, Advantage Plus accounts
Leverage up to 1:2000
Floating spreads
MetaTrader 4, 5, WebTrader and Mobile

Trade Forex, Stocks, Metals, Commodities, Bonds, and Cryptos

Deposit and Withdrawal via Bank Wire, Credit Cards, Skrill, Neteller, GlobePay, PerfectMoney, Bitcoin

Licenses: CySEC, FCA, IFSC, FSCA
Country: Cyprus
Year Founded: 2011
rating: 5/5

Important Factors in Choosing the Best Forex Broker in Dubai, UAE

The Forex Market is the best place for those who want to make a profit, but it requires the traders to be dedicated and in complete control of their emotions. Many people see the forex market as a gold mine and decide to become forex traders almost immediately. Experienced forex brokers understand this temptation very well, and therefore, try to offer all kinds of promotions to these newbies.

You need to know that your chosen Forex broker is also your trading partner in the forex market. If you choose the wrong broker, you would set yourself up for a lot of troubles down the road.

Before we get to all the requirements of trading Forex, first we need to understand what a Forex broker is. Forex brokers own a small amount of currencies in the forex market. These brokers have access to the forex market, this advantage will also be granted to currency traders who decide to become their clients. In other words, they act as an intermediary between retail traders and the forex market.

The Importance of Choosing the Right Forex Trading broker

As previously mentioned, forex brokers play an important role in your daily trading activities. They provide a link between you and the forex market, facilitate your transactions, and keep your money safe.

Therefore, you should carefully evaluate the broker of your choice in terms of reliability, technical support, and offered security for your assets. Choosing the wrong forex broker can hurt your trading.

Basic Factors in the Best Forex Brokers

How do you know that a particular forex broker is right for your needs? What are the signs? Is your current broker the best? To know the correct answer to these questions, you need to look at the important factors that make a forex broker the best in the FX industry.

There are three important elements that you need to consider carefully before making a decision. And if you already have a forex broker, evaluate these basic elements to make sure that you have made the right choice.

The three important elements are History, Services, and Facilities.

✅ Origin

The history of the forex broker should be examined with great care in many respects as follows:

Licensing

Forex trading is free and decentralized. You can trade at any time and from anywhere through online brokers and marketplaces. The fact that anyone can sign up as a trader or a trading broker makes the FX Market a risky trading environment.

You can trust a forex broker that is licensed by a reputable authority. It is, therefore, necessary to check the broker's website to see if it is regulated by an official regulator such as the CySEC of Cyprus, FCA of the UK, ASIC of Australia, or IFSC of Belize depending on the broker location.

It is of the utmost importance to have a licensed Forex broker as your partner because it is the link between you and the market. Moreover, authorized forex firms will ensure and keep their clients’ assets in segregated accounts. This will reduce the chances of fraudulent activities, and in the event of bankruptcy, you will not lose all of your money.

Authorized forex brokers are listed on the regulators’ websites and must display their regulators’ logos on their official websites.

History, Fame, and Recognition

After making sure that your forex broker is licensed, the next step is to dig deeper into its history and popularity. It is better to choose a forex broker with a long history in the field, sufficient capital, and a brand that stands out in the industry. It is also crucial for your broker to be based in highly respected countries such as Cyprus, the United Kingdom, and Australia where strict forex regulations are enforced. These forex brokers will offer the most favorable financial transactions to their clients because they consider their own interests and protect their reputation at the same time.

There are many small and unpopular forex brokers with little capital that you should avoid at all costs.

You need to know when the broker was founded, how big it is, and where its offices are located. Moreover, inquire whether it interacts with its clients, or has received any international awards for its services. Another thing that you need to look at is the level of transparency the broker provides such as the details of the management teams and executives. All of these factors are important to ensure that your forex broker is honest, trustworthy and one of the best.

✅ Services

After making sure that your forex broker is licensed and has a long history in the field, it is time to try its services.

Security and Protection

Your forex broker plays an important role in keeping your money safe. So, you need to choose a forex broker that protects and ensures the security of your funds. Authorized forex firms are obligated to keep their clients’ funds in segregated accounts and separate from their own.

A licensed forex broker keeps your money safer even in the event of bankruptcy or the broker’s inability to meet its obligations because your assets will have insurance.

For example, in the jurisdiction of the CySEC, brokers will have insurance contracts with the ICF (Investor Compensation Fund) for their clients' funds up to €20,000, and members of the FSCS (Financial Services Compensation Scheme) under the FCA will guarantee their clients' funds up to £85,000.

Unconditional help

The forex market is fast-moving and very volatile. The fact that the FX market is open 24 hours a day makes it even harder to do business. To become a successful trader, you need to move in the direction of the market and not lag. This can be achieved with the help of a capable broker to seamlessly connect you to the market.

Your forex broker must be able to provide you with unconditional support such as:

• Easy communication and availability at all hours without delay
• Easy to reach through e-mail, phone, live chat, etc.
• Knowledgeable support staff to answer your questions and requests politely and professionally
• Solve all your forex related issues quickly and skillfully

There are also forex brokers that provide special personal assistance to each client in case they need immediate special assistance. Most forex brokers also provide multilingual support services to their clients.

You must understand that the best forex brokers are willing to do everything in their power to support their clients. That is why support is one of the necessary factors to consider before choosing your forex broker.

✅ Facilities

When you finish investigating the history of the broker and its services, it is time to test its ability to provide. You need to make sure the broker can give you the facilities that you require in your trades. Check the following items:

1. Low trading costs

Forex brokers charge spreads (fees) on their clients' trades in exchange for the services they provide. You should inquire about the types and amounts of spreads offered by the broker to find the ones that best suit your trading strategies. And it is preferable if you choose a forex broker that offers the lowest spread because in this way you will reduce your costs of trading and at the same time will increase your chances of making more profits. The spreads are offered either as fixed or floating depending on the broker and account type.

Fixed spreads remain the same throughout the trades; however, they are often offered higher than their floating counterparts. Fixed spread accounts are suitable for beginners as well as long-term investors.

Floating spreads, generally provided in electronic communication networks, change constantly based on the market. They can reach a value as low as 0 when the market is calm and increase during volatility. If you carry out your trades based on short-term strategies, then the forex brokers that offer low floating spreads will suit you perfectly.

2. A large number of leverages

Having high leverage means high returns, so if you are an experienced trader, you should find a forex broker that offers high leverage. Conversely, if you are a new trader, do not be deceived by the higher leverage. Remember, even if the expected returns are high, you can still lose a lot of money if your trades are unsuccessful.

Therefore, make sure that you are proficient enough to use the high leverage of your broker, and if you are not, your forex broker should warn you to stay away from the high leverage until you have enough experience to handle it.

It is also preferable to use a forex broker that offers a variety of leverage in case you need to challenge yourself with a high level of risk.

3. Multiple Accounts and Trading Conditions

There are different types of accounts to choose from, depending on your trading ability, namely Micro, Cent, Standard, ECN, and Demo (training account).

New traders usually start with Forex Micro accounts due to their small lot sizes, while expert traders go with Standard accounts for large trading volumes.

In contrast, those who like to make quick profits (short term traders) prefer ECN forex accounts because they can directly trade in the market with low and floating spreads.

No matter what type of trader you are, just make sure your broker offers an account that suits your needs and interests.

4. High Order Execution Speed

Many traders lose their trades simply because of their forex brokers’ frozen servers or slow execution speed. This issue could complicate your trading endeavor and turn it into a nightmare.

The leading brokers in the market may have their own pricing system, but if they do not execute the orders fast and at the right moment, their fixed prices will not matter. Therefore, if you prefer a fast-moving trading style, you'd better work with ECN-type forex brokers that provide real-time execution systems.

5. User-friendly Trading Tools and Platforms

Easy-to-use and reliable trading tools and platforms are required so that you can perform your trading activities more easily. Therefore, your forex broker should be able to offer such tools to enable you to access the market via popular platforms such as MetaTrader 4 on the web, desktop or mobile applications.

You may also want to look for features such as one-click trading, managing stop losses, or different types of orders to carry out your trades more appropriately.

6. Fast Deposit and Withdrawal Methods

There are many fast and safe ways to make deposits or withdraw money. You can choose credit cards (Visa, MasterCard, Amex, etc.) or online payment systems, such as Skrill, Neteller, WebMoney, Perfect Money and Bitcoin. Electronic payment systems are now more preferred because they process financial transactions faster than wire transfers.

If you choose a broker that has a representative office in your country, you may be able to use certain financing methods via your local banks.

7. Various Educational Tools

The forex market is constantly changing and there are no strategies that can work all the time. That is why trading education benefits both new and expert traders. It stands to reason that all traders, regardless of their level of experience, educate themselves according to future trends as a way to avoid unnecessary losses.

Good education enables you to gain active knowledge and sharpen your trading skills to keep pace with the ever-changing forex market. Furthermore, educational programs such as live forex seminars, daily market analysis, forecasts, trading tools, and forex related articles could broaden your horizon. Make sure to choose a broker that pays attention to improving your trading knowledge and skills.

In conclusion, choosing the right forex broker as a partner is an important step that should not be taken lightly. Remember that the best forex brokers are dedicated to meeting your needs and requirements.

In the list below, review the ratings of the best forex brokers in the UAE. Make sure you know your style and trading needs so you can find the best forex broker!

Licensed and Regulated Forex Brokes in Dubai

🟠 1. FCA Regulated Forex brokers (the UK):

The Financial Conduct Authority of the United Kingdom is one of the most prominent licensing entities in the Forex industry. FCA enforces its strict rules and regulations in an open and friendly manner. As an independent supervisory authority, FCA guarantees a compensatory program of up to £50,000 for traders and investors in the event of financial disputes. The primary objective of the organization is to protect consumers, improve the integrity of the UK financial system, and ensure a competitive atmosphere for the consumers of the markets.
XM Broker
XM Broker
XM FCA License: 777911

Headquarters: Cyprus
Year Founded: 2008


HYCM Broker
HYCM Broker
HYCM FCA License #: 186171

Headquarters: Cyprus, UK
Year Founded: 1998



🟠 2. CySEC Regulated Forex brokers (Cyprus):

Cyprus is an ideal choice for many Forex brokers. The Cyprus Securities and Exchange Commission (CySEC) is in charge of regulating brokers that want to conduct financial activities in the region. CySEC operates under the European MiFID regulations and the Financial Instruments Directive to provide free entry services to its members within the European Union, including MiFID license holders. CySEC is very well-known as a solid enforcer of higher regulations and minimum capital requirements, which many brokers and institutions are naturally drawn to. Moreover, many financial brokers join the CySEC jurisdiction to operate within the European market. CySEC offers a maximum of $100,000 as an insurance policy within the European Union area.
XM Broker
XM Broker
XM CySEC License: 120/10

Headquarters: Cyprus
Year Founded: 2008


FBS Broker
FBS Broker
FBS CySEC License: 331/17

Headquarters: Cyprus
Year Founded: 2008


RoboForex Broker
RoboForex Broker
RoboForex CySEC License: 191/13

Headquarters: Cyprus
Year Founded: 2008


🟠 3. ASIC Regulated Forex Brokers (Australia):

Australia may be a small continent, but its financial system’s reputation precedes it. All non-banking financial activities in the country are supervised by the Australian Securities and Investments Commission (ASIC) which operates under the Australian Investments and Securities Act. ASIC is responsible for licensing and supervising all non-bank financial services, customer credit, and financial markets operating in Australia to ensure the integrity of the markets. ASIC also guarantees the security of all financial transactions against fraudulent activities.
XM Broker
XM Broker
XM ASIC License: 443670

Headquarters: Cyprus
Year Founded: 2008


FBS Broker
FBS Broker
FBS ASIC License: 426359

Headquarters: Cyprus
Year Founded: 2008


🟠 4. IFSC Licensed Forex brokers (Belize):

Belize is a country in Central Amerika with strict privacy laws and a tax-free structure for offshore earners, making it one of the safest places for financial investments. This is why the Belize International Financial Services Commission (IFSC) is so popular among forex brokers. The IFSC is to supervise brokers and individuals that conduct business in the financial sector to ensure that they follow all the rules and directives of Belize.
XM Broker
XM Broker
XM IFSC License: 000261/309

Headquarters: Cyprus
Year Founded: 2008


FBS Broker
FBS Broker
FBS IFSC License: 000102/310

Headquarters: Cyprus
Year Founded: 2008


RoboForex Broker
RoboForex Broker
RoboForex IFSC License: 000138/333

Headquarters: Cyprus
Year Founded: 2008


The Importance of choosing licensed Forex Brokers

The forex market offers opportunities to those who want huge returns and don’t mind higher risks. Your forex broker is your trading partner, so you need to be able to trust them with your personal information as well as your capital.

Choosing a reputable and multi-regulated forex broker guarantees a safer trading experience; in addition, you’ll get the following advantages:

1. Trading Protection

The foreign exchange market is highly susceptible to financial fraud. Unauthorized forex brokers would usually scam traders out of their life savings.
Trading with a regulated forex broker will protect your assets from these types of financial fraud. Regulated forex brokers are regularly audited and reviewed by supervisory authorities. These authorities will listen to the legitimate cases of those who have been the victims of financial fraud.

2. Insurance and Indemnity

Even if your regulated forex broker goes bankrupt, it is still obligated to compensate the clients for their losses. The amount of compensation, of course, depends on the supervisory authority.

3. Security and Transparency of Funds

Forex brokers are required to keep their clients' funds in different bank accounts separate from their own funds, and they ought to be reviewed and audited regularly. In this way, your forex broker will always process your withdrawals. In addition, you can do your trades with more confidence knowing that the broker's activities will always be reviewed and no trading manipulation can occur.

You need to pick a licensed forex broker before opening a live trading account. You can do that by looking up the licensee's name on the forex broker's website or asking customer service if you can't find it. Then, you can double-check by looking at the list of licensees on the supervisory websites to ensure that the license is still valid.

How Dubai Forex Brokers are licensed & regulated?

As a new trader, you need to know how forex brokers are licensed before working with a particular forex broker. In addition, forex brokers that want to work in a particular country must register with the regulatory authority of that country. It is worth noting that each authority has its own rules and requirements, some of which are as follows:

1. A Valid License

Before registering on a forex broker website, you must ensure that the broker operates under a valid license issued by a reputable authority in a relevant jurisdiction. Licensed forex brokers’ names or brands are displayed on an active list on the regulatory authorities' websites.

2. Separate Accounts

Licensed forex firms are obligated to keep their clients' funds in segregated bank accounts, which are completely separate from the operating funds of the broker. Therefore, if something unpleasant happens, the broker's creditors will not be able to access the clients’ funds to settle the broker's debts.

3. Regular Reviews and Audits

All licensed forex brokers undergo periodic checks and audit to ensure they comply with the regulations. The frequency of the audits varies depending on the authority.

4. Adequate Capital Requirements

To be able to operate as an active licensee, the forex broker needs to have a sufficient amount of capital as specified by the regulatory authority. For example, IFSC requires its members to have a minimum of $100,000 in operating capital, while FCA members need a minimum of £1 million.

5. Risk Disclosure

Check out your favorite forex broker's website to see if they have an early warning section about the high risks of forex trading. A licensed forex firm is required to display a risk declaration to warn its future clients that trading in the forex market involves a certain level of risk.
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