The ForexBrokers.com annual forex broker review (five years running) is the most cited in the industry. With over 50,000 words of research across the site, we spend hundreds of hours testing forex brokers each year. 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.
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 list the United Arab Emirates as a country they accept new customers from. 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 2021, most trusted
- Saxo Bank - Best for research, trusted global brand
- Interactive Brokers - Great for professionals and institutions
- XTB - Best customer service, great trading platform
- FOREX.com - Great all-round offering
- eToro - Best copy trading platform
- Swissquote - Trusted global brand, diverse offering
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.
|Forex Broker||Accepts AE Residents||Average Spread EUR/USD - Standard||Minimum Deposit||Overall||Visit Site|
|FP Markets||Yes||1.140||$100 AUD||N/A|
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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For our 2021 Forex Broker Review we assessed, rated, and ranked 27 international forex brokers over a three-month time period resulting in over 50,000 words of published research.
Each broker was graded on 108 different variables, including our proprietary Trust Score algorithm. This innovative scoring system ranks the level of trustworthiness for each broker based on factors such as licenses, regulation and corporate structure (read about Trust Score here).
As part of our annual review process, all brokers had the opportunity to provide updates and key milestones and complete an in-depth data profile, which we hand-checked for accuracy.
Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors with quality data they can trust. 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." Learn more.