ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Best Forex Brokers United Arab Emirates for 2019

Steven Hatzakis

The ForexBrokers.com annual forex broker review (three years running) is the most cited in the industry. With over 60,000 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.

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.

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 Trust Score Ranking.

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

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 Trust Score.

Forex BrokerAccepts AE ResidentsAverage Spread EUR/USD - StandardMinimum Initial DepositTrust ScoreOverallVisit Site
IGYes0.700£250.0099 4.5 Stars Visit Site
SwissquoteYesN/A€500.0099 4 Stars N/A
Saxo BankYes0.600$10,000.0098 4.5 Stars N/A
Plus500Yes0.600€10097 3 Stars N/A
Markets.comYes1.900$10097 3.5 Stars N/A
FOREX.comYes1.00$50.0093 4 Stars Visit Site
City IndexYes0.800 £50.0093 4 Stars N/A
XTBYes0.780$0.0092 4 Stars N/A
HYCM YesN/A$10084 3 Stars N/A
PepperstoneYes1.160$200.0083 3.5 Stars N/A
XM GroupYes1.600$5-10081 3.5 Stars N/A
LCGYes1.450$0.0081 4 Stars N/A
easyMarketsYes1.000$100.0081 4 Stars N/A
ThinkMarketsYesN/A$250.0080 3.5 Stars N/A
Vantage FX Yes1.400$10079 3.5 Stars N/A
IC MarketsYes1.100$20072 4 Stars N/A
ForexTimeYes0.80$10070 3.5 Stars N/A
AlpariYes0.92$100.0069 3.5 Stars N/A
InstaforexYesN/A$168 3 Stars N/A
UFXYes3.00$10066 3.5 Stars N/A
iTraderYes0.700$25066 3 Stars N/A
FX ChoiceYesN/A$10054 2.5 Stars N/A
WorldWideMarketsYes3.00$20.0047 2.5 Stars 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.

More Forex Guides

Methodology

For our 2019 Forex Broker Review we assessed, rated, and ranked 28 international forex brokers. Each broker was graded on 81 different variables and, in total, over 60,000 words of research were produced.

While encouraged, broker participation was optional. Each broker had the opportunity to complete an in-depth data profile and provide executive time (live in person or over the web) for an annual update meeting.

All data submitted by brokers is hand-checked for accuracy. Ultimately, our rigorous data validation process yields an error rate of less than .1% each year, providing site visitors 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.

Continue Reading


Steven Hatzakis

About the author: 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. Steven is an active fintech and crypto industry researcher and advises blockchain companies at the board level. Over the past 20 years, Steven has held numerous positions within the international forex markets, from writing to consulting to serving as a registered commodity futures representative.


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

arrow_drop_upBack to top