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Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker's track record, plus the scope of regulatory standing. Major factors in determining the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information.
Huzefa Hamid
There are many Forex brokers domiciled in Dubai. Unfortunately, most of them are not regulated and thus, Forex traders should be discerning when choosing to open an account with any Dubai-based broker. See below our top-rated list of brokers in Dubai.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
High level regulation in multiple jurisdictions
Impressive range of tradeable assets including vanilla options and gold options
The ratings shown on DailyForex.com are determined by hours of research from our editorial team into over 10 factors, including account fees, deposit/withdrawal options, regulatory status, tradable assets, and more.
Leverage up to 1:500 available
Proprietary platform offers a nice alternative to out-of-the box solutions
fpmarkets is an Australian brokerage which launched in 2005. Headquartered in Sydney, Australia’s financial capitol, they have carved out a solid niche for themselves as the best Forex / CFD broker enjoying ASIC regulation. Australian regulators are much more relaxed about leverage than their counterparts in the U.S.A., U.K., and the E.U. and so fpmarkets can offer a maximum leverage as high as 500 to 1.
For most traders, the standout unique selling point of this broker lies in the incredibly wide range of tradable assets offered, providing an opportunity to trade over ten thousand individual stocks and shares. These go beyond the typical U.S.A. and U.K. companies and include a good selection of publicly traded shares on the Hong Kong and Sydney exchanges, as you might expect from an Australasian-facing broker like fpmarkets. Also, over 60 Forex pairs and crosses, 11 equity indices, the major commodities, and 5 cryptocurrencies including Bitcoin are also on the menu here.
Unique Features
Headquarters
Australia
Regulation
CySEC, ASIC
Year Founded
2005
Type of Broker
No Dealing Desk
Minimum Deposit
$100
Maximum Leverage
1:500
Type of Platform
MetaTrader 4, MetaTrader 5, IRESS
They offer an unusual hybrid ECN/STP execution model which means that their clients can choose between ECN style of execution giving a very high level of speed, and a “straight through processing” execution style which allows for more “natural” spreads.
Traders can scalp and hedge at this broker, whose fast ECN execution speed makes it a natural home for scalpers. Clients may choose between the MetaTrader 4 and MetaTrader 5 platforms, and shares can be traded through the IRESS trading platform which includes access to level 2 exchange data.
FP Markets Pros & Cons
Advantages
Choice of trading platforms and auxiliary trading tools
Very competitive cost structure and excellent asset selection
Low minimum deposit requirement and leverage of up to 1:500
Well-regulated and trustworthy
Disadvantages
Availability of Iress geographically restricted
Limited commodities and metals selection
FP Markets is an Australian multi-asset broker with more than $1 billion in daily trading volume, serving clients from 80+ countries. Founded in 2005 in Australia, FP Markets grew into a trusted brand over the past 15+ years with more than 100 employees. The upgraded MT4/MT5 trading platforms, via the Trader Tools consisting of twelve plug-ins, present clients with a competitive edge. We have conducted an in-depth review of this CFD broker to provide traders with a complete overview of the trading environment at FP Markets.
FP Markets Snapshot - ECN trading with leverage up to 1:500
Best all-around: high floating leverage + fast execution
We have made FXTM our top-rated broker because in addition to its lengthy track record, it enjoys a very high level of regulation and reputation, and it offers a highly competitive fee structure which tends to keep down the cost of trading.
Unique Features
Headquarters
Cyprus
Regulation
CySEC, FCA, FSC, CMA
Year Founded
2011
Type of Broker
Instant/Market Execution
Minimum Deposit
$10
Maximum Leverage
Flexible
Type of Platform
MetaTrader 4, MetaTrader 5
FXTM, or “ForexTime”, has been around for a long time: they were founded in 2011. Recent years have seen them continue to steadily expand their business, and they are well- regulated by the U.K., Cyprus, Mauritius, and South Africa. The brand is owned by private companies incorporated in the U.K., Cyprus, and Mauritius. Customers of FXTM have access to more than 57 Forex currency pairs and crosses, precious metals, the major energies, equity indices, big cryptocurrencies, and a few individual American stocks. Talking of stocks, FXTM are quite unique in the area of trading stocks, as they enable direct trading through real legal ownership, not just wrapped as CFDs like almost every other similar brokerage offers.
FXTM offers traders a choice between two of the most popular execution models: customers may open either an ECN-type account, or one that trades by “straight-through processing”. Clients have a straight choice between two trading platforms, with both MetaTrader 4 and MetaTrader 5 on offer.
Through their Mauritius regulator, FXTM offer leverage as high as 1000 to 1. In the U.K. and Cyprus, they are limited by law from offering more than 30 to 1.
If you are looking for a broker with a good copy trading program, it is worth taking a serious look at FXTM’s “FXTM Invest” copy trading program.
Highly regulated, choice of fixed or floating spreads
AvaTrade was founded in 2006 in Dublin, Ireland. They are one of the largest and most famous Forex / CFD brokers in the world and became well-known for offering their clients a choice of fixed or floating spread cost of trading models. They enjoy an extremely high and strong level of regulation, making them a favorite for traders who are extremely nervous about the security of their deposit, which in Ireland can be protected by a strong investor deposit protection provision. AvaTrade is directly regulated in Ireland (and by extension, the European Union), Australia, Japan, South Africa, and the British Virgin Islands. Outside the European Union, Ava’s maximum leverage offered runs as high as 400 to 1.
In addition to their longevity and safe reputation, clients know that through AvaTrade they have access to a broad range of asset classes through which diversification can be achieved successfully: AvaTrade offers trading in over 55 different Forex currency pairs, 17 commodities, 20 equity indices, 14 cryptocurrencies, plus 66 individual stocks and shares. Even better, and unusually, 2 bonds and 6 ETFs are also on the menu. The diversity offered here stands out.
Whether you are located within the European Union or not, all branches of AvaTrade will offer you negative balance protection, above and beyond what is mandated by the law. This means that under no circumstances will any client of AvaTrade ever be held liable by the firm for an amount larger than their deposit.
AvaTrade Pros & Cons
Advantages
Well-regulated globally, with the Bank of Ireland, the primary regulator
Low minimum deposit and in-depth educational tools
Moneta Markets is a subsidiary of Vantage International Group Limited (VIG), established in 2009. VIG is licensed in 3 jurisdictions and handles an average monthly trading volume exceeding $100 billion.
Clients' funds are held in a segregated account with Australia's AA rated National Australia Bank (NAB). Moneta Markets is one of the very few Forex brokers out there that names the bank that holds their clients’ funds.
Unique Features
Headquarters
Cayman Islands
Regulation
CIMA
Year Founded
2018
Type of Broker
Market Maker
Minimum Deposit
$200
Maximum Leverage
1:500
Type of Platform
Proprietary platform, Web-based
Moneta Markets is unique in the Forex broker world by choosing not to partner with MetaTrader, and instead only offering their own custom web-based charting and execution platform, Moneta Markets WebTrader.
Built from the ground up, the Moneta Markets WebTrader offers traders perfect precision and unmatched stability. The all-in-one platform has all the technical indicators and chart types a trader needs, and a built-in client portal for account opening and easy deposits and withdrawals. Importantly, the platform is also available as a mobile app.
Moneta Markets has access to Forex and other instruments such as stocks, and offers up to 500:1 leverage, with a starting minimum account deposit of just $200.
Moneta Markets multilingual support team is available for customer service and technical support, 24 hours a day, 5 days a week.
The UAE is the fastest growing online trading hub second only to Saudi Arabia. The population has a generally high income and includes a large segment who enjoy speculating in financial markets including Forex. This has attracted many Forex brokers to the region. Check out our listing of the top Dubai Forex brokers below before choosing a Dubai Forex broker.
The question of how to choose a Forex broker in Dubai is straightforward. Those few Forex brokers there which are regulated are head and shoulders above the rest and should be at the top of your shortlist. This is because your number one concern as a trader is the security of your deposit. Your money is far less likely to disappear or become somehow inaccessibly tied up in bureaucratic red tape at a regulated Forex broker, even in a country with relatively light regulation such as the U.A.E.
The next thing to do is check the reputation and track records of the regulated Forex brokers. The longer a broker has successfully conducted business, the better run it is likely to be. Longevity is a reliable heuristic here.
Now you’ve got through safety issues, you can consider what the broker has to offer. Is the cost of trading there competitive or not? Check spreads, commissions, and other incidental fees. Traders who are planning to keep trades open over the New York rollover at the end of the trading day there should also consider the overnight swaps typically offered. Unfortunately, some brokers use this typically “hidden” fee to fleece their customers.
Finally, examine the “nice to have” elements, such as the range of tradable instruments, quality of customer support, and trading platforms. Going through the process in this order should ensure you end up opening an account with the best Dubai Forex broker for you.
Huzefa Hamid is a retail Forex trader with substantial financial market knowledge and derivative products' expertise. He trades currencies, equities, futures, commodities, treasuries and options. Huzefa wrote the Fibonacci retracement levels course for FX Academy, as well as other courses, and is the author of dozens of articles about Forex trading and the online finance industry. Huzefa is an industry researcher and uses technical analysis for trading as he believes that technical indicators offer the cleanest way to predict the future direction of price movements.
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