Top Rated Dubai Forex Brokers Reviews - 2018

There are many Forex brokers domiciled in Dubai. Most of them are not regulated by any bona fide regulatory organization which is unfortunate yet they handle millions of dollars of trades each day. It is not surprising that there are plenty of scams and fraud within the Forex industry in the UAE and traders are advised to be discerning when choosing to open an account with any Dubai based broker.

UAE is fastest growing online trader’s hub after Saudi Arabia. People have high income level and are always looking for alternative ways to earn money. This Forex trading interest of Gulf, especially UAE, has attracted many Forex brokers to the region. 

See our listing of the top Dubai Forex brokers below before deciding on a broker.

Broker's Name Minimum Deposit Deposit Bonus Type of Platform Maximum Leverage Regulation More Info
Q8Trade $250 20% MetaTrader 4, Web-based 1:400 CMA – Kuwait Sign Up

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FXTM $5 Sign Up - 20% MetaTrader 4, MetaTrader 5, Sirix 1:1000 CySEC, IFSC Sign Up

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UFX $100 up to $5000 Cash Back MetaTrader 4, Proprietary platform 1:400 MiFID Sign Up

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4 FXCM $50 ?
Standard: $2000, Mini: $50
None MetaTrader 4, Web-based, Proprietary platform 1:50 ASIC, FCA Sign Up

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5 AvaTrade $100 Up To $5000 MetaTrader 4, Web-based, Proprietary platform 1:400 MiFID, ASIC, Central Bank of Ireland, FSC, BVIFSC Sign Up

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Dubai Forex Brokers Reviews

Q8Trade

Q8 Trade, launched in 2017, is a market maker Forex and CFD broker, headquartered in Kuwait, and regulated in Kuwait under the Capital Markets Authority. There are few notable Forex brokers truly domiciled in Middle Eastern financial centers such as Kuwait, which is one thing that really makes this broker stand out from the crowd. The parent company, Q8 Securities, was established in 1985 as Al-Arabi and rebranded in 2017. This successful brokerage firm facilitated investments in equities and derivatives both inside Kuwait and in international markets. They provide a trading platform that offers traders a very wide range of assets for trading across Forex currency pairs, commodities, indices, and individual stocks wrapped as CFDs across both major and minor financial markets.

Q8Trade Review
FXTM

FXTM or Forex Time, founded in 2012, is still considered a newcomer to the online Forex trading scene. However, within a span of two short years, this broker has managed to carve out a name for itself by wining several industry awards such as “Best Newcomer 2013” and “Fastest Growing Forex Broker.” FXTM is headquartered in Cyprus and is regulated by IFSC of Belize as well as FSB.
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FXTM Review
UFX

UFX, founded in 2007, is one of the leading brokers in the Forex industry. In 2011, UFX became regulated in the European Union, MIFID, and in 2013 it received additional recognition by Belize’s International Financial Services Commission for its high ethical standards, customer protection and security of funds. UFX is a well -rounded Forex broker. The platform is user-friendly and the features are numerous. UFX can be accessed on Facebook and there are often interesting promotions offered through this social media venue.

UFX Review
FXCM

FXCM (Forex Capital Markets) was founded in 1999 in the U.S.A. and was an early pioneer of internet-based trading. FXCM was listed among the fastest growing companies by Inc. 500 List of America’s Fastest Growing Companies three years in a row. The FXCM Group has headquarters in New York, with offices around the globe in places such as the U.K., France, Italy, and Australia. It is regulated and licensed in each of them. FXCM is also a publicly traded company on the Nasdaq Exchange, the major U.S. exchange listing the equity of large technology-based companies.

FXCM Review
AvaTrade

AvaTrade is among the top Forex brokers in the world with offices in New York, Dublin, Sydney, Milan, Tokyo and other locations. It is regulated by the Central Bank of Ireland and licensed by MiFID in the European Union as well as by several other licensing bodies. AvaTrade’s features include, among other things, a choice of platforms, a demo account, an Ava debit card for all live account holders, access to Trading Central charting tools for depositors of over $1000 and free withdrawals.

AvaTrade Review