However, due to the rising interest in retail forex, the DFSA introduced changes to the regulatory framework and included the following requirements: As a regulator, the DFSA can help UAe traders to determine if a particular brokerage is regulated or not, advise them how to avoid scams and how to resolve disputes. Dubai crypto traders can enjoy the following advantages: Swissquote offers forex traders from the Saudi Arabia peninsula full access to the forex market and an additional 130 CFD instruments and digital currencies. AUD/GBP) with minimum spreads of 0.9 pips. The results of our testing revealed that Pepperstone records the fastest execution speed with a measured speed of 100 milliseconds. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Charting tools to perform advanced technical analysis. FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved. Our team of experts at Compare Forex Brokers have concluded that, among the best-regulated brokers in the UAE, Swissquote offers the broadest range of complex instruments (CFDs) on stock indices, commodities and bonds, as well as foreign exchange and cryptocurrencies. Our razor vs standard account comparison found the Razor account was recommended for intermediate to expert traders who want the lowest fees. This is either through commission or by widening the spreads. Apart from the MT4, other software such as the NinjaTrader and JAVA-based trading software are provided. The regulatory frameworks that govern the activity of the best United Arab Emirates (UAE) forex brokers offer traders a fair and secure trading environment. Dubai regulates and licenses forex brokers. 001274082). In his spare time, he watches Australian Rules Football and invests on global markets. There are also offshore brokers which maintain a presence in Dubai, either by operating full-fledged regional offices or by working with partner firms based locally. For example, when trading the EUR/USD on MT4 Fixed Spread Account, the spreads offered will be as follows: We should note that depending on the market conditions, volatility and liquidity, the EUR/USD fixed spread can increase to 2.7 pips. A year later, a new financial entity was established, namely the Henyep Securities, which joins the Far East Stock Exchange, In 1981, the Chairman of Henyep is approved as a member of the Commodities Exchange of New York (COMEX). The other way a broker will make money is by adding pips to the spread to widen it. The commission will usually vary depending on the size of your trading lots and some may reduce the commission if you trade in high volumes. Pepperstone offers three forex trading account types including the standard, razor and Islamic account. Here’s how, choose from the recommended brokers which we have conducted due diligence on, to narrow down your selection. Registered and based in the DIFC, Swissquote MEA Ltd is licensed and regulated by the DFSA. Best Forex Trading Platform, Middle East, 2019, Best Forex Broker in the Middle East, World Finance, 2018, Best Trading Platform in Dubai, Global Brands Magazine, 2017, Best Forex Broker in the UAE, Global Banking & Finance Review, 2017, Best Forex Broker in the Middle East, World Finance, 2017, Best Broker in the Middle East, World Finance, 2013. Additionally, FxPro offers a unique pricing model where the fixed spreads are predetermined based on specific time intervals. All the costs are built into the broker’s spreads and there are no overnight charges. Three account tiers are available with different pricing and levels of customer support. The best forex will have a swap-free or Islamic account, top forex trading platforms like MetaTrader 4 or 5 and spreads with ECN pricing from 0.0 pips. Note * AxiTrader’s MT4 offering may be appropriate for both beginners and experienced traders, regardless of their trading style. Justin holds a Masters Degree and an Honours in Commerce from Monash University. This page may not include all available products, all companies or all services. Note* The SCA is the only regulatory agency in the UAE that is responsible for issuing forex licenses (CFD licenses). IG trading accounts can be funded by using 6 different account base currencies, including: Islamic traders can take advantage of IG’s swap-free trading account and operate with a range of futures contracts that expire every Friday. A No Dealing Brokers (NDD) that uses ECN, STP or DMA (or a combination of them) trading execution tools will typically offer the lowest spreads. The Full Guide to Day Trading Using MetaTrader 5 (MT5). Dubai-based retail clients who seek to start trading with the lowest amount possible may put their trust in a regulated forex broker such as IG. So how do you choose the best Dubai forex broker for you? SaxoStrats: inhouse experts provide daily analysis with personal meetings available. Learn more this, 79.3% of retail investor accounts lose money when trading spread bets and CFDs with this provider, 72.6% of retail investor accounts lose money when trading CFDs with this provider, 76% of retail investor accounts lose money when, Low brokerage costs (spreads and commissions), MT4 and MT5: Commission starts from $3.50 per side per 100,000 units traded. Some of these platforms come with mobile and web-based versions as well. Emerging currency pairs (aka exotic), as low as 1.6 pips (i.e. Saxo Bank is a multi-regulated broker that operates in the UAE under DFSA oversight. IG is a trading name of IG Limited, an entity registered in the DIFC and regulated by the DFSA. The United Arab Emirates (UAE) is regulated by the DFSA (Dubai) and ADGM (Abu Dhabi). USD/RUB). Phone and email enquiries are responded to 24 hours a day, 5 days a week, while live chat is available 24/7. However, if they choose to fund via a Debit or a Credit card, they will have to ensure a minimum deposit of $300 (or the equivalent in your domestic currency). Real money accounts offer leverage of up to 300:1. Ideal for active, high volume traders, Saxo Bank’s VIP account type provides you access to tight no commission spreads as low as 0.4 pips. Access to Saxo’s senior management team to discuss future opportunities and market forecasts. In 2014, HYCM (Europe) Ltd is established and obtains a license from the CySEC. The overall quality of the financial services offered by Pepperstone is superior to what the competition has to offer. The platform will also allow them to take advantage of automated trading via Expert Advisors and of automated news updates. The first Henyep financial entity was established in 1977 when it becomes a member of the Hong Kong Gold and Silver Exchange Society. HYCM is authorized to offer services to residents of Austria, Belgium, the Czech Republic, Denmark, Germany, Hungary, Italy, Poland, Spain and Sweden. View Pepperstone Review >>Visit Pepperstone >>, The overall rating is based on review by our experts. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. In its mission to ensure market fairness, transparency and customer protection, the CB of UAE works in close cooperation with the SCA. Yes, if those brokers are MiFID compliant. In addition, our team of industry experts rated the best forex brokers in the UAE based on a variety of categories like: With over 40 years of experience in the financial markets, HYCM won easily as the most reputable forex broker in UAE. The SCA was established in 2000 and has a collaborative reporting mechanism to several international regulatory and tax organizations. All spreads offered by CMC Markets carry no commission and traders paying no additional commission fees on top of the spread. For our review of UAE forex brokers, Pepperstone ranked on top of our star scoring system because it’s the perfect fit for Muslim traders and professional traders alike.
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